Why Miners Are Mining Bitcoin Cash – and Losing Money Doing It

in #bitcoin-cash7 years ago

Like the bitcoin blockchain from which it forked, bitcoin cash is hard-wired to adjust how hard it is for miners to claim its rewards, and on Saturday, it saw such a change. As a result, bitcoin cash was made 300% more difficult to mine.

This, in turn, caused the profitability of the coin to decrease dramatically. Many miners left for bitcoin, and for about 10 hours only a few blocks were found.


https://everythingbtc.com/why-miners-are-mining-bitcoin-cash-and-losing-money-doing-it/

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UPVOTED by @phenombot

Its still quite fast. I bought a few for the first time, and boy was that transaction quick!

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Quality content. I liked it. :)

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