Bitcoin Cash (BCH) had a stunning 48 hours, rising a stunning 375% from the lows of early August. The sudden and sharp increase left traders of Bitcoin stunned, as many had expected a BCH crisis to occur, especially with the complexity of use and service. However, this was not to be the case, as the cryptocurrency fork from Bitcoin pushed near all time highs of $944 each.
Much has been said regarding causes for the massive jump in price over the last couple of days. Clearly there are many causes. However, CNBC recently reported that, though many factors may be affecting the volatile pricing, one issue stands out - mining profits.
The article made it plain that the profitability of mining on the newly made chain increase exponentially. This increase led to a profit swap of up to 42 percent, as confirmed by BitcoinCashFans on Twitter.
Full story at http://bit.ly/2wePtJC
Source: CoinTelegraph
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