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?
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.
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.