Bitcoin Cash Is Clearly More Profitable To Mine At The Moment...
Here is a quick update on the mining profitability for Bitcoin and Bitcoin Cash:
Chart from https://fork.lol/
Comment: Bitcoin Cash is now ahead on all 4 time frames when it comes to the mining profitability. This chart is meassuring this on time frames:
Current
6 hour average
1 day average
7 day average
From the graph you can see that Bitcoin Cash is clearly ahead and last time this happened Bitcoin Cash reached 2600. However, this fluctuate a lot so I would not solely rely on these current numbers, but look for the longer averages instead.
Alright, lets have a look at the charts as well:
Bitcoin Cash:
Comment: We have bounced nicely today, reached a high of 1240 but I would not say that we have broken out for real until we have a daily close above 1200.
Bitcoin:
Comment: Bitcoin fell back to 7500 but has recovered almost all of it and is now close to yesterdays ATH again.
I have a feeling that this will be an interesting Friday!
Good explanation Good luck
This will eventually kick off a great feedback loop. BCH could also fall much lower and remain profitable. Thanks to 600 second re-target BCH won't stay unprofitable for long. I'm just wondering whether BCH will reach a lower low before a serious bull run. $700 would be heaven sent.
It is hard to tell really, but I do like the current setup, but I want a daily close above 1200. Im not planning to buy more at this time, bought at 300 so Im all set for the ride;)