Next Bitcoin Cash Mining Difficulty Change may Sway a lot of Bitcoin Miners’ Minds
The mining station for Bitcoin Cash has gotten quite interesting. Ever since it became more profitable to mine BCH, miners have started to switch. ViaBTC is also increasing their overall hashpower for the Cash chain, by the look of things. At this rate, the next difficulty adjustment will occur a lot quicker than anticipated. At that, we will see how the big miners and pools respond to the BCH situation. It will be quite interesting to see what the consequences will be, to say the least.
Most people are well are of how one can currently mine Bitcoin Cash at a lower difficulty setting. This is done intentionally to keep the blockchain moving forward. Additionally, mining BCH was rather unprofitable for quite some time. So much even that miners would lose 50% or more by switching over. With less hashpower, the BCH network adjusts the difficulty automatically. Not that the mining power is incr
easing, however, the next adjustment will see the difficulty go up by quite a margin. Right now, it seems that change will triple the current difficulty.
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