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Hello Guys,
Today i m gonna discuss an intresting topic around the blockchain....
So do u think that Is it possible that the profits of cash digging in real money are higher than Bitcoin?
Really this is possible.
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Although the past few weeks is not the case, but the trend is changing.
In particular, the cash price of Bitcoin is now up 100% in the past few days and the current price is $ 6400 per currency.
What is the reason for this?
As the price increases, the miners are digging BCC profits 2% higher than digging BTC.
This advantage is about to become larger, because in the next few days the difficulty of mining will drop 50%.
This weekend, in the 479808 block, the difficulty will be adjusted down close to 50%, which means that if you maintain the current price, miners dig BCC profits will be twice the BTC.
Of course, to know that not all things are immutable.
In both chains, mining is costly, such as the cost of mining on the bitcover is $ 6,000 per block, and the cost of mining on BCC is $ 50 per block.
However, the real difference is the transaction confirmation time.
It is currently about 17 hours to get 100 confirmations on the block area of the Bitcoin, and it is only about two hours to get 100 confirmings on the block of the spot currency.
The greater liquidity is the difference between digging a bit currency and a digging cashier's cash.
The
However, this situation may change in the near future. The The
When the income of digging BCC increases, it is natural that more miners will divert BCC from digging bits and digging BCCs to gradually increase liquidity.
This is actually happening, and when the price of BCC grows, more computing resources are directed to the chain.
That means. The The
It seems that BCC is alive (at least in the short term) and I will not be surprised if the BCC price continues to rise and the BTC price falls.
Especially with all the new mom and pop shares starting to enter the space and deciding to buy the cheap Bitcoin alternative ...
Especially when more investors enter the industry, they may be inclined to buy a lower price BTC alternatives, that is, BCC,
So how about the future, let us wait and see.
Sources:
https://coinmarketcap.com/currencies/bitcoin-cash/
https://www.coindesk.com/bitcoin-cash-closes-profitability-parity-original-blockchain/
Image Sources:
https://www.coindesk.com/bitcoin-milestones-alex-waters-mining-cpu-gpu/
https://coinmarketcap.com/currencies/bitcoin-cash/
https://www.coindesk.com/bitcoin-cash-101-need-know-tomorrows-fork/