Mine Bitcoin Cash is now more profitable than Bitcoin

19 August 2017, 14:29 | Technologies
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The Bitcoin Cash exchange rate yesterday exceeded the $ 500 mark, thereby changing the net value of the crypto currency for investors and users.

The growth of the crypto currency has become an incentive for the miners to allocate their own computing power to create blocks in Bitcoin Cash.

Now, Bitcoin Cash miners earn 2% more than those who are mining the original bitcoin.

The percentage of earnings may increase in the future with an adjustment to Bitcoin Cash, which will simplify the process of mining.

At block 479. 808 (scheduled for this weekend), the complexity of Bitcoin Cash mining will drop by 50%. If the prices for the two crypto currencies remain unchanged, the miners will earn twice as much on Bitcoin Cash as bitcoin.

However, there are differences in these networks.

Bitcoine blockbuster charges higher commissions for transactions for users.

Thus, the miners receive an additional 1.5 BTC (about $ 6,000) per block.

For comparison, in the Bitcoin Cash block, the commissions are very low. From the block, the miners receive less than $ 50.

Depending on the time of the block, bitcoin receives 100 confirmations necessary to spend the reward, faster than Bitcoin Cash. (17 and 34 hours respectively).

In addition, having higher liquidity, bitcoin still remains more attractive for miners.




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