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A comment on Relative hashpower of BTC and BCH in percentage of total.

Re:Relative hashpower of BTC and BCH in percentage of total by alextheparrot on Sunday August 20, 2017 @06:05PM (#15060475)
Can anyone comment on what is driving this? I read an article about it being more profitable to mine Bitcoin Cash a few days ago, but as with most of these cryptocurrency releases I find it tough to separate the marketing from the truth.
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Re:Relative hashpower of BTC and BCH in percentage of total by sbenitoj on Sunday August 20, 2017 @06:15PM (#15060503)
It is currently 116% more profitable to mine Bitcoin Cash than Bitcoin [0] -- this figure will fluctuate as the price of Bitcoin and Bitcoin Cash fluctuate, and the difficulty to mine each cryptocurrency adjusts every 2016 blocks.

[0] https://cash.coin.dance/blocks

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Re:Relative hashpower of BTC and BCH in percentage of total by tylersmith on Sunday August 20, 2017 @06:09PM (#15060487)
In this case it is the truth. The price of Bitcoin Cash is going up and the difficulty to mine had been going down. So for now, it is more profitable. It will likely go back in forth for a while before there's a dominate winner.
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Re:Relative hashpower of BTC and BCH in percentage of total by exit on Sunday August 20, 2017 @06:15PM (#15060504)
this view suggests the difficulty of bch will increase by ~220% in ~3 days: http://fork.lol/pow/retarget

which i think will inversely affect profitability?

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Re:Relative hashpower of BTC and BCH in percentage of total by tylersmith on Sunday August 20, 2017 @06:24PM (#15060544)
Yep. As it becomes more profitable more people mine, the difficulty goes up, profitability goes down, people stop mining, difficulty goes down, and so on.
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Re:Relative hashpower of BTC and BCH in percentage of total by sbenitoj on Sunday August 20, 2017 @06:16PM (#15060512)
That's correct -- the difficulty to mine BCH will reset at block 479,808 (the last adjustment) + 2016 blocks (the number of blocks in between each difficulty adjustment).

The difficulty of mining BCH is currently expected to increase at the next difficulty adjustment, and thus profitability will go down.

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