It Is Now Currently 2.15x More Profitible To Mine Bitcoin Than Bitcoin Cash | Miners Abandoning BCC/BCH

in #bitcoin7 years ago

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I told you Bitcoin Cash will crash, you can check my post here

https://steemit.com/bitcoin/@mardah.resonance/have-you-sold-bitcoin-cash-or-bcc-bch-will-crash-and-here-s-why-or-viabtc-and-others-only-mined-32-blocks-since-hard-fork

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These are the latest stats from Coin.Dance and it looks like Bitcoin is doing exactly what I said it would, it's leaving Bitcoin Cash in the dust and soon everybody will forget about Bitcoin Cash and go right back to the Original chain. So far, the split from the main chain has turn out to be an epic fail for those who support Bitcoin Cash.

Miners that are mining for Bitcoin Cash instead of Bitcoin is loosing profits because it is 2.15 times more profitable to mine Bitcoins than Bitcoin Cash. So if you're a miner who switch your mining operations over to Bitcoin Cash, guess what? You're going right back to mining for Bitcoins because there's just not enough hash power to keep up with Bitcoin.

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Bitcoin price is only going to go up and up, the HARD FORK had 0% effect towards damaging the value of Bitcoin. It's obvious to understand that the Market is rejecting Bitcoin Cash simply because Bitcoin already has a system in place that Bitcoin Cash never really had. Everybody that has Bitcoin Cash will eventually dump them and buy more Bitcoins with Bitcoin Cash. The fork is actually helping out the price of Bitcoin to skyrocket because Bitcoin Cash is almost like free money so that extra money is being used to buy more Bitcoins.

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Sorry to the community of Bitcoin Cash but BCC/BCH will not last. I'm speculating to see the price of Bitcoin Cash tumble under $100, $50, $20 & until it is forgotten. Another reason why Bitcoin Cash won't last is because the ticker symbol BCC is already taken by BitConnect. That's another thing that Bitcoin Cash has stolen from another cryptocurrency, first was Bitcoin's identity and next was BitConnect's ticker symbol. Bitcoin Cash is nothing but a cheap crypto imitation of Bitcoin's name and BitConnect's ticker symbol.

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Great write up, sell BCH now before the crash though, it's useless. Wondering if you suffer from blockfolio addiction too? - https://steemit.com/cryptocurrency/@cryptocoinclub/confessions-of-a-blockfolio-addict

I can see the same happening to BCC no need to hold the coin from the start.

I am Groot! :D

Thank you ror sharing!! :)

well done mardah.resonance!

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