Miners are slowly moving to mine Bitcoin Cash as it's more profitable to mine. It's currently 44% more profitable to mine BCH. Why do I say it will be a huge threat to Bitcoin? That's because Bitcoin only adjust difficulty every 2016 blocks(Approximately 4 Weeks) Imagine, 50% of the mining power goes to Bitcoin Cash, it's going to cause huge delay for Bitcoin transactions until the difficult adjustment occurs. People will get frustrated and this could be the turning point to Bitcoin Cash!
The Following Chart shows the BTC mining pools are decreasing within the 24hours. The mining power likely had been moved to mine BCH instead!
As of this post the network mining power for Bitcoin Cash is close to 850 PH/s and going up! Normally it sits at about 400-500 PH/s. Guys the Bitcoin civil war is here! What do you think will happen to Bitcoin's price?
Fully disclosure, I have invested in Bitcoin Cash. I am ready for the ride to over $1000 plus! I am not a financial adviser so do your own research before investing! All the best!
Holy the mining power is unstopped-able!
Well if you look at the bitcoin hash rate using a block explorer like the one im linking below, you can see varying indicators and averages showing that bitcoin's hash rate isn't decreasing over time and in particular since August's 1st BCH Hardfork, you see the hash rate increasing. Why? Go Figure (aka I don't know cause network effect maybe? i.e. poeople in countries like russia and korea joining the network at a greater rate? idk)
https://blockchain.info/charts/hash-rate?timespan=60days
Yes it's not moving enough at the moment, but without denial that the hashing power has shifted to mine bitcoin cash. As of this post, it has reached to almost 1600 PH/s, that's insane!
you are fking good.... :)