MultiversX Tracker is Live!

Will non-profitable miners migrate to BCH after the halving?

All Cryptocurrencies

by COINS NEWS 94 Views

The halving will be here any day now. Unfortunately, this will make many bitcoin miners non-profitable for the near future. What will they do? Will they just shut off their mining machines or will they begin mining BCH instead?

I think it is going to be an interesting couple of weeks ahead seeing how the mining world finds its equilibrium. Bitcoin cash just had their halving a few weeks ago along with a run up in price, and we saw bitcoin miners jump over to pick up some extra profits. I think we could see something similar happen after the bitcoin halving as well.

Bitcoin cashes mining difficulty adjusts every 10 minutes while Bitcoins mining difficulty adjusts every 2 weeks. This could mean that during that 2 week period a lot of bitcoin miners could migrate to bitcoin cash. This may result in a run up in bitcoin cash price as well.

Very curious how this all plays out. It is always very hard predict. Would love to hear everyone’s thoughts.

Happy halving,folks!

submitted by /u/DoU92
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments