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RE: VIDEO: World Crypto Network Daily Stream from Today: (12 mins) | News of the Day with Thomas and the WCN Crew.
The chain-hopping effect will also impact the legacy chain! The charts from BitcoinWisdom are actually showing a big drop in the estimated hashrate on the main Chain.
The drop is also visible on Blockchain.info charts:
That is a drop of more than 2TH/s in the space of 2-3 days!!
Great reply...... I noticed this today myself, and the related news the last 3 days.
I've been considering blogging on this, I think a lot of this news is going under most peoples' radar and many do not understand how huge this news is.
It's going under most peoples' radars.
Check fork.lol
All the hashrate will be back in 1 day.
I would not be so sure, but let's see what happens. Everyone was SURE Bitcoin Cash was going to $0, especially that Tone guy, however, we all know how that prediction worked out.
Miners mine what's more profitable, that's something natural. When the diff will be up by 5 times, mining bch won't be profitable any more. But that's just my opinion :)
You forgot to take into account the price!
Also, there are a lot of old ASICs people are deploying on Bitcoin Cash. BCC would have been DOA if it wasn't for the bitter scaling debate that has been raging for several years now.
Big-blockers will mine BCH even at a loss just to spite Core. It's crazy, but that's where we are today.
Big blockers - yes, but all the hashrate that came yesterday/today was for profit only. And the price stays around $650 which is not enough to compensate the diff raise.
Let's see how the situation evolves over the next few days. BCH could be at $1000 as the difficulty bumps higher. I wouldn't be surprised to see some deep-pocketed players start manipulating the price over the next few days.