Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users.

The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cashblockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash.

And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

Block 479,808 (set for this weekend) will likely trigger a difficulty adjustment downwards 50%, and if the prices of bitcoin and bitcoin cash stay the same, this means miners will make almost double on bitcoin cash what they would on bitcoin.

Full story at http://bit.ly/2wbbwkc

Source: CoinDesk

 

 

 

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