is that many of them kept mining at a loss, which could be due to the miners simply believing in Bitcoin Cash and sticking with the fork. Quite a staggering difference, so in order to attract miners BCH network has to keep the mining difficulty significantly lower than that of Bitcoin, and this is where EDAs are of huge help. As it was mentioned before, your choice of software will be influenced by your hardware, so it is recommended that you search for programmes compatible with the miner that you own. Unlike Bitcoin, Bitcoin Cash adjusts the mining difficulty as per the traffic and this is where it gains an upper hand. You can read more about Bitcoin Cash wallets in our dedicated guide. An EDA was triggered straight after an automatic difficulty recalibration made Bitcoin Cash 300 percent more difficult to mine, which attracted a lot of miners back to BCH. However, at the time of writing Bitcoins price stands at 10,513.38, while Bitcoin Cashs is 1,584.54.
On the other hand, if you successfully mine a block of transactions on your own, you will receive the full reward.5 BCH all to yourself. Also, make sure to backup a wallet. Given all the advantages, Bitcoin Cash has a long way to go and will soon establish itself as one of the top 5 cryptocurrencies in the market. In the Bitcoin Cash network, the reward currently stands.5 BCH per block all the transaction fees within said block. The minimum payout criteria for Bitcoin Cash.01 BCH or 250. Is mining Bitcoin Cash profitable? If youre a firm believer in Bitcoin Cash, there is a way for you to support the network and earn some BCH at the same time mining. In 2018, in order to make significant profits on Bitcoin Cash mining, you will need to invest some money into specialized mining equipment first. Bitcoin Cash Mining pools Currently, the largest and therefore the most successful Bitcoin Cash mining pools are: Cloud mining In case you want to invest in Bitcoin Cash mining and avoid the hassle of managing your own hardware, cloud mining is an alternative for you. Of course, the bigger blocks will require more computing power and, by extension, more investment in order to be mined. The bigger it is, the more chances you will have of successfully mining a block.