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Cryptocurrency miners are always looking for the most profitable coin. For a lot of people, that has been Bitcoin, as far as SHA-256 mining is concerned. As of right now, it is far more profitable to mine Bitcoin Cash. According to Fork Lol, this situation may continue for quite some time to come. Given the SegWit2x drama on the horizon, a lot of things will change by the look of things.
A lot of people will always mine Bitcoin first and foremost. It is the world’s leading cryptocurrency now and will be for some time to come. Moreover, it is the only coin that gives people access to nearly all “airdrops” of forked coins that may matter in the end. Without Bitcoin, no one would have BCH, BTG, or soon B2X. It is evident the world’s leading cryptocurrency still has a lot of momentum in its favor. However, there is some competition emerging as we speak.
Bitcoin Cash Mining is More Profitable
Most of this competition comes from Bitcoin Cash right now. This particular altcoin has soared in value over the past week. No one knows why exactly, but it is the hand we’re dealt. This has also affected the mining profitability of both BTC and BCH. More specifically, it is now more profitable to mine Bitcoin Cash cover BTC. Although this situation changes a lot lately, the current trend may remain in place for some time to come.
Fork Lol seems to indicate BCH mining will remain more profitable for some time. More specifically, the seven-day average has flipped in favor of BCH. Although this situation hasn’t been locked in yet, it is a very real possibility. Even at a rate of 1.06 times the normal BTC earnings, some miners will be tempted to make the switch. Interestingly enough, this trend seems to manifest itself close to the Bitcoin Cash hard fork itself. That fork will introduce some changes to the current mining difficulty algorithm.
For the time being, no one knows how things will play out. Bitcoin is on everybody’s mind right now, that much is evident. The current price momentum clearly favors BTC as well. However, BCH is making a very strong comeback out of the blue. There are some interesting changes on the horizon, to say the very least. A profitability change and SegWit2x near the same time will shake things up quite a bit. It is unclear how this will affect Bitcoin as a whole, though. The next few weeks will be extremely interesting to keep an eye on.
Chris 
Massigner 
Jinlee 
Casey Taylor 
Sheri 
ELLAS 
ATI nsider 
Game theoretically all coins will always be EQUALLY profitable to mine due to the difficulty adjustment! This is fundamental knowledge! This article makes me want to scream. Do you employ monkeys to write your articles?
Euhm, BCH blocks are 8mb compared to BTC’s 1mb (or soon 2mb). Meaning that if an even amount of BCH and BTC blocks are found within a given time frame, and you leave out the net worth of the mined coin, then mining a BCH is more profitable because of the sheer number of transactions (read: fees) that it contains. That said, I also believe that BCH difficulty algorithm is adjusted in a way that it allows blocks to be found faster compared to BTC, so that would make it even more profitable. But then again, this is all fundamental knowledge as you probably know 🙂
How would finding something faster and easier make it more valuable? That’s not fundamental knowledge, that is incorrect thinking as It has the opposite affect. Finding more of something faster and easier makes that something less valuable. The more difficult and scarce an item can be obtained, the more value it has. Example, if I had the ability to go to the moon one time and come back with moon dirt, it would be incredibly valuable. Why? Because it is currently difficult to not only obtain moon dirt but to even get there. If I could easily go to the moon on a weekend trip and obtain some moon dirt like anyone else, then the value of that moon dirt would not be as valuable since it is quicker and easier to obtain.
Also, just increasing the block size is just a temporary solution. What happens when that becomes too small and you have to move to 16mb, 32mb,64mb 1gb, 1 terabyte, 1 Petabyte, 1 exabyte etc..? That is scaling up not out. Not only did you not fix the actual issue, every person who participates as a node/miner will have to keep a xxx size of the ledger which would get to a point of many issues.
Bitcoin is like TCP/IP when it came out. There are limited amounts of public IP addresses but we have billions and billions of internet connectable devices increasing day by day. Well with the limited amount of public IP addresses, all these devices couldn’t obtain an IP address to get online. So what was used to scale TCP/IP out not up was called NAT – Network Address Translation. Not only did it scale tcp/ip out it resolved the limited IP address conundrum by creating private IP addresses used as part of the translation. Yes IPv6 was created to supposedly replace IPv4 but that’s been since the 1990s and it’s currently 2017 going on 2018 with majority of the world still using ipv4. Bitcoin will get to a point where someone will find an actual solution to fixing the problem like tcp/ip did.
No one knows why? So you know what everyone knows? I am pretty sure someone has the answer.
I imagine BitcoinCash is going to be the future money.. It’s the best performing crypto so far. Instead of keeping an ‘eye-on-it’ I’m investing in it, as are many others like me 🙂
So it’s no surprise why it’s doing well 😉
It scales and it has low tx fees 😀
Bitcoin Cash is the only COIN that’s capable of replacing Bitcoin. As it stands, its 2nd to Bitcoin. Anybody not investing in Bitcoin Cash will be slamming there head on a wall in a year or so lol
I totally agree, BitcoinCash will be BIG
Bitcoin Cash will end up being the king of Bitcoin. Especially with its 8MB blocks and its scaling ability.