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Bitcoin mining is a browser application where you can earn a max 200 per hour. At that point the price was about 200, and now Bitcoin is nearly 4,000. The company behind it owns several Bitcoin-related properties, soRead more
which made bitcoin cash more profitable to mine even with the extra fees that bitcoin offers from its increased user base. Bitcoin Cash adjusted its mining difficulty over the weekend, a move that comes just under a week after the alternative version of the bitcoin blockchain was created. Sign up for the Bitcoin Tech Talk newsletter!
Bitcoin cash mining difficulty adjustment
After 2016 blocks generated, Bitcoin will adjust difficulty to estimated difficulty in order to keep the block generation time at 600 seconds. The high mining difficulty at the start made it difficult to find network blocks. At this rate, we can expect another difficulty adjustment in about 13 days, at which point, the network should have roughly 10-minute blocks, like bitcoin, assuming the hash rate stays constant. This is a large discrepancy, to be sure, although the hashrate is also a lot lower in comparison. The thing about MTP is that we can calculate it before a block is found. Grey line Average block generation time of 1008 blocks. At the time of writing, Bitcoin Cash has an average hashrate of 240 Petahash per second.