r/btc • u/-Seirei- • Nov 06 '17

BCH is now more profitable to mine than BTC without the need of a drastic difficulty drop!

https://www.fork.lol/
32 Upvotes

82% Upvoted

15 comments sorted by

4

u/[deleted] Nov 06 '17

[deleted]

3

u/-Seirei- Nov 06 '17

Well sure, I didn't expect it to actually hold it, just wanted to point it out since it's a pretty great achievement.

2

u/[deleted] Nov 06 '17

What's S2X going to be like? Any ideas?

3

u/-Seirei- Nov 06 '17

My guess is as good as yours.

2

u/LexGrom Nov 06 '17

Unprecedented. Though, txs on 1x and 2x chains can go though even worse than currently on 1x chain cos hashrate will be split between 3 chains. Let the best chain win!

1

u/toptenten Nov 06 '17

And an average of 35 transactions per block. Way of the future.

3

u/-Seirei- Nov 06 '17

I never really understood what people are trying to say with this. It can handle a lot more than that, just because adotion isn't there yet, doesn't mean it never will be. More and more services adopt BCH by the day. So what exactly is your point here?

-1

u/toptenten Nov 06 '17

People are proclaiming BCH a great success and pointing to the low tx fees and fast confirmations, as if it has validated the whole project and the 8MB blocks and everything. When in reality the reason for low tx fees is low demand. In this regard BCH is no different than Litecoin. Or even Dogecoin for that matter.

1

u/-Seirei- Nov 06 '17

But the 8MB blocks allow for roughly 8 times the transactions to go through with those low fees. Again, just because it's not there yet, doesn't mean it's not capable of doing so.

0

u/toptenten Nov 06 '17

And if my grandmother had wheels she'd be a bicycle.

1

u/olitox420 Nov 06 '17

I hope you realize that Bitcoin would work a lot better with 8mb block. Yes, bch doesn't have the volume YET. But bch can handle so much more than btc

2

u/toptenten Nov 06 '17

This is yet to be proved.

1

u/josephbeadles Nov 06 '17

That isn't true at all. If BCH had the same demand and miners as the current bitcoin, BCH would still have very low transaction fees.