You are viewing a single comment's thread from:
RE: If You're Holding Bitcoin (BTC), This Chart Should Make You Nervous
Miners are going to switch to the chain they make the most money on. In theory if Bitcoin and Bitcoin Cash had the same market cap half the miners would be mining one and half would be mining the other. If Bitcoin is twice the market cap of Bitcoin Cash we would expect to see 66% of mining power on Bitcoin and 33% on Bitcoin Cash. I'm sure it will even out and miners will be making roughly the same on both chains...
It is possible that it will even out, but there are very plausible scenarios with no stable equilibrium for BTC. It all depends on how the market reacts to the changing behaviour of the network.
It's more related to mining difficulty than market cap. Bitcoin Cash has a mechanism to adjust difficulty with declining hashpower which BTC does not. They both respond differently to declining hashpower as a result (Bitcoin is arguably designed to die in a catastrophic hashpower collapse).