by chinese miners, Roger Ver and. On Saturday, it was reportedly.4 more profitable to mine for Bitcoin Cash than for Bitcoin and miners are ultimately only interested in one thing. In our opinion it is way more likely that the value of Bcash will drop further and further. We have no evidence (and all the evidence to the contrary) that a high fee, slow cryptocurrency that is losing business adoption can remain a store of value for long. I don't have to purchase dollars with other currency to buy things that I'd normally buy anyway.
Why, bitcoin, cash is, better than, bitcoin
Price recoveries would then see miners return to Bitcoin, assuming the Bitcoin Cash had reaped the benefits of Bitcoins demise. Bitcoin experienced its first hard fork during the summer. Bcash also doesnt have its own logo, its just taking Bitcoins logo and rotating it a little. So, where are the benefits of Bcash? Bitcoin may have removed control away from governments and central banks, but as Bitcoin evolved, the capabilities of miners have also advanced and with it has a new battle has born, control over the mining of Bitcoin. Bcash has no infrastructure and no support. The maximum possible number of units of crypto currency in the bitcoin system is 21 million units. As a result of the price spike, Bitcoins price suffered and mining became less profitable, leading to smaller miners either turning off their mining operations or mining Bitcoin Cash. I think quite the opposite.
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