The complexity of the Bitcoin Cash network is adjusted by 20%

in #bitcoin7 years ago

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Bitcoin Cash has lost the complexity of the network, which should attract miners to the production of a new token.

The complexity was lowered on the block # 478648, which was produced on August 6. Now the complexity of the Bitcoin Cash network is at the level of 16.7% of the complexity level of the main bitcoin network. Due to this step, the blocks were extracted more often: the average production time is approximately 18 minutes, and the hash speed is about 650 PH / s.

For 13 days you can expect a further correction difficulty Bitcoin Cash network, which will further reduce the time unit of production - prilizitelno to 10 minutes, writes CoinDesk.

Nevertheless, even with this level of complexity, the mining of classic bitcoins turns out to be more profitable. The profitability of mining depends on the market value of the coin, and a week after hardforka Bitcoin Cash price is $ 350.

Due to the fact that mining new network less income than the production of the classic tokens, miners are in no hurry to switch power to the new currency. For this reason, transactions on the Bitcoin Cash network require more time than in the main block of bitcoin.

According to coin.dance, Bitcoin Cash is engaged in four pools: ViaBTC, Bitcoin.com, Bitclub, Supernova. The largest are ViaBTC and BitClub, accounting for 3.47% and 4.17% of the blocks produced. 91.67% of the blocks were extracted by depersonalized miners.

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I just followed and upvoted you. I will be very happy if you do the same and continue upvoting each other on Steemit. Thank you!

I'm interested to see what the effect will be on the price. So far the price of BCH has been really suppressed today.

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