Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling
Amazing support @0.09s , with btc at an ath, i was expecting a dump on bcc.
IMO the reason its not dropping, its 50% under priced vs mining costs...this wont last long, as people will quickly buy up the cheap coin.
If this is near bottom...what will near top look like
(short term)
IMO the reason its not dropping, its 50% under priced vs mining costs...this wont last long, as people will quickly buy up the cheap coin.
If this is near bottom...what will near top look like
(short term)Once difficulty goes down and the mining profitability goes high there would be some major dumps!
The difficulty can go up or down whatever it takes to keep block times averaging 10 mins
BCH have changed the code so it can drop fast and raise slowly
Right now the big unknown miner has gone if this remains so the difficulty will drop to almost nothing and then they are free to come back and mine blocks every few mins until the next difficulty change basically manipulating it
This code is just to benefit the miners and is being exploited