After the creation of Bitcoin on August 1st, 2017 and the initial price crash, the Bitcoin Cash has recovered and made all time high. Its current market capitalization is $21 Billion and currently the 3rd biggest after Bitcoin and Ethereum. It is narrowed down the wide gap with Ethereum, which has a Current Market Capitalization of $29 Billion.
Bitcoin Cash currently trading around $1290.
Bitcoin currently trading around $6376.
Bitcoin lost more than $1000 in the last 48 hours.
I want to mining bitcoin.Do you know about it?
Mining Bitcoin requires a powerful computer such as an ASIC. These cost thousands of dollars. I recommend you try mining a coin such as Vertcoin or Groestlcoin, as they can be mined using computers with a decent graphics card.
The problem with mining Bitcoin now is that the difficulty is so high that it is no longer profitable for the average computer to mine. Sure, if you have a few thousand dollars and want to try ASIC mining, it might be fun to try. But it will cost a lot of electricity and you will need to have an expensive, noisy ASIC miner running 24/7.
Coins like Vertcoin or Groestlcoin have been designed to be mined much more easily to prevent centralization. Meaning, they can be mined by pretty much anyone instead of exclusively by owners of high-powered computers that are often set up in huge racks in warehouses like a farm.
Check out https://vertcoin.org/ to find out more about mining Vertcoin and go to https://www.groestlcoin.org/ if you want to try mining Groestlcoin. They both have great growth potential.
You could always then buy Bitcoin with your mined Vertcoin or Groestlcoin.
img credz: pixabay.com
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What made Bitcoin Cash suddenly spike like that tho? Is Bitcoin taking this hit in value from cancelling the hardfork? 🤔
Please read this link. Some says the Bitcoin Cash will become official bitcoin in 6 months.
https://cointelegraph.com/news/bitcoin-classic-shuts-down-as-staff-claim-bitcoin-cash-will-rule-in-6-months
Bitcoin cash in the full trend
Yes
Bitcoin Cash spike because people believe it is the real bitcoin while bitcoin will soon become bitcoin classic.
yes, but no guarantee what is going to happen. which one will be beneficial ?
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