Why Bitcoin Cash BCH Mining Is Dead

We all know of Bitcoin split chain into Bitcoin and Bitcoin Cash. Now BTCC/BCH (however you prefer to call it) is more profitable to mine so if you own any SHA256 machines (or even not, but later about this) and want to mine, here's a tutorial. This was the first pool to mine BCC and still has most hashrate of known pools. Just get on their page and register with email and password.

Go to BCC Pool Since ViaBTC is also exchange and mines other things too, please move to BCC pool. The direct link after registration is Here is stratum pool Workers Worker is your username ie kingscrown + you can modify it ie kingscrown.1 kingscrown.436346 You can also create worker groups if you have many machines or so. Payout Options You have 3 ways to mine PPS+ PLNS SOLO. Unless you have free electricity i suggest checking between PPS+ and PPLNS.

Dont have machines anymore (no dont use GPU, not worth it), support the cause and buy hashes from. Just register, deposit BTC and then you can mine any pool you want (even for other algos and currencies). Current Markets Korea is totally running the volumes but BTC pairs from, and also look not bad. Currently top3 exchanges i use daily.

Why Bitcoin Cash BCH Mining Is Dead

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Most Powerful Litecoin LTC Mining Rig. On August 1 2017, after years of acrimonious and bitter infighting, Bitcoin Cash (BCH) was forked off of the original Bitcoin blockchain. It took quite a while to find the first block and a long time after for the second block. The reason for this was because of the low hashing (mining) power on the BCH blockchain. The BCH fork had to operate at the same mining difficulty as the main chain, at the time of the split, but with only a fraction of the hashing power. By design, the BCH fork had an Emergency Difficulty Adjustment (EDA) built in, because the developers had anticipated the reduced hashing power. EDA adjusted the mining difficulty on the BCH chain by a factor of 20% if less than 6 blocks were found in a period of 12 hours.

This worked perfectly and as at time of writing the difficulty was reduced to about 17% of the main chain. Thanks to the new 8MB limit the next block promptly cleared out the whole mempool. The largest block found was about 4.6 MB.

Can You Actually Make Money From Dogecoin DOGE Mining. In his article ( ) John Milibit postulated that if the BTC chain were to lose mining power to the BCH chain, blocks on the BTC chain would get increasingly hard to find, block times would get longer, the BTC chain would get into a Chain Death Spiral and could come to a grinding halt. Furthermore, blocks found on the BTC chain can only clear the mempool at 1MB per block. This at a time when the mempool will be increasing because of all the transactions wanting urgently to get into the next block pushing fees sky high. The BTC chain will become unusable. This now exposes the awful truth about the BTC chain which have been missed. With the BCH chain alive and well, the BTC chain is now totally dependent on miners' goodwill to continue mining, or the Chain Death Spiral will come into effect.

Dec 21, 2017 Bitcoin Cloud Mining. What is Bitcoin Cash? Bitcoin Cash (BCH) is an upgraded version of the Bitcoin Core software. It was released on August 1st, 2017.

Note the emphasis on dependent on miners' goodwill and less on mining economics. There is now another option for miners.

They could leave because the BCH chain becomes more profitable to mine or for any other reason, and there are consequences for the BCT chain from their decision. Prior to the fork they could not leave. Now they have to be begged and persuaded to stay. For a rational investor, even the possibility that such a risk exist, makes the system untenable and unusable. We now realise, how important a role, the miners play. Their contribution should have been appreciated and they should have been listen to and given the respect they deserved. Not vilified and demonised.

Who would have known?