Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
Hey Guys,
Why did Bitcoin Cash difficulty increased about X 4 times in ~24 hours? Bug or something else?
Why did Bitcoin Cash difficulty increased about X 4 times in ~24 hours? Bug or something else?
It's "Error by design" which got abused by miners to mine by far more BCH blocks than they should (started parallel to the heavy pump of BCH via KRW/BCH pairing), now after some days the diff adjustment kicked in and the miners leave again as it's no longer profitable to mine BCH. As per current hash rate in 2 weeks and 2 days the diff will go down again and most likely the miners will come back to abuse that "feature" to make a lot of money in short time
Just look e.g. at POW / Regarget, POW / Hashrate, Blocks / Blocks/hr, Reward / Opportunity costs, ... at http://fork.lol
I don't think you will see a swing like this again unless the miners drop off and cause another emergency drop you will most likely find in the next 2 to 3 weeks a small drop and eventually everything even out relative to the price ratio
Now what would be bad is if the koreans suddenly stopped buying this and possibly selling off what they have for another coin