Bitcoin Cash now has over 40% of total hashpower
This is a massive increase compared to before, see graph below:
This massive increase in hash power (to 41.31%) is due to more pools mining BCH rather than BTC. This has been caused as a result of the price of the Bitcoin Cash increasing (perhaps due to the 8MB block being mined) and the difficulty decreasing. This made BCH more profitable to mine when compared to Bitcoin.
The difficulty of BCH is likely to increase though, by 300% - but it may remain more profitable to mine as long as the price of BCH remains the same or increases / or if the price of BTC decreases.
Source: http://fork.lol/pow/hashrate
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Let's see how the miners will remain there when price drops :-)
I love to see that movement in the markets and we, people comenting about all, but few having a real base for lot of information that we see.
Until now, Koreean exchanges made a big move. Today they moved the monero :-)
Nice trading steemers!
Yeah, let's see what happens. The difficulty has been adjusted making the legacy chain more profitable but the hash rate is still similar: http://fork.lol/pow/hashrate
From what i understand in this moment, it will be a playground from there to... there (BTC vs BCH) with more winnings or low difficulty in some moments.
Hehe, i believe some miners will have both variants and play along to be in both markets because changes are too quick to be prepared in other way.
But, that's all about now at the beginning. Who will gain reputation and stability to grow with confidence and prove what they claim to do.