Bitcoin Cash mining yields safe and secure resources in the world of cryptocurrency, thus satisfying the fundamental commitment that the Bitcoin blockchain network initially made- that of promoting what is called a peer-to-peer digital currency. Traders and users are granted low transactional fees and positive confirmations. The future prospect seems bright enough with unlimited expansion, permissionless innovation, global adoption, and decentralized development.
Today’s Bitcoin Cash Price
1 BCH = $ 1780.31
Interested in Bitcoin Cash Mining?Start Bitcoin Cash Mining !
Bitcoin Cash is different from Bitcoin and is an extension of the Bitcoin venture as a peer-to-peer virtual cash. Bitcoin Cash is a fork of the core Bitcoin network, with improved consent rules which allow it to scale and grow. Anyone who possessed Bitcoin during the time when Bitcoin Cash was founded automatically became the owners of Bitcoin Cash. All Bitcoin owners as of block 478558 (as on the 1st of August, 2017 at about 13:16 UTC) hold an equal amount of Bitcoin Cash provided they did not have their Bitcoin earnings stored in wallets or exchanges and were in sole control of their private keys during the time of the hard fork. All Bitcoin transactions post the 1st August record split are fully separate from Bitcoin Cash. Incidentally, this implies that all Bitcoins earned after the split will not involve any Bitcoin Cash, while the Bitcoin Cash earned post the bifurcation will not involve any Bitcoin. However, when it comes to the mining process, the two are relatable. Bitcoin Cash mining follows the same trend as Bitcoin mining.
The upgraded version of Bitcoin Classic, Bitcoin Cash has increased the size of the blocks, thus enabling large number of transactions to be processed. Bitcoin Cash makes use of a new hashing algorithm represented by the signature SIGHASH_FORKID (which is evidently not valid on the Bitcoin Classic Network). This hinders the replay of Bitcoin Cash transactions on the Bitcoin network and vice versa. Bitcoin Cash comes with some exciting new features such as
Bitcoin Cash proposes a plan to modify and adjust the proof-of-work difficulty faster than the standard 2016 block level difficulty and the adjustment interim as found in the Bitcoin network. Bitcoin Cash follows a fixed precept as to when it reduces its difficulty level. Before you analyse this rule, it is crucial that you understand the concept of Median Time Past or MTP. It refers to the centripetal block or the median of the last eleven blocks which have been worked on in a blockchain. MTP helps in determining the time when the upcoming blocks can be mined too. All cryptocurrencies heavily depend on the network miners who smoothly run the transactional operations. In this regard, Bitcoin Cash has attracted a huge number of miners owing to its improved hash rate. Owing to its surging popularity, its prices have also gone up simultaneously with Bitcoin Classic. This is reason enough why you should start mining Bitcoin Cash all the more! You can either opt for solo mining using ASIC devices or choose between mining pools or cloud mining services- whichever seems feasible enough.
Mine Bitcoin Cash with Three Easy Steps
To start with, do the registration first. It will take only 2-3 minutes
Secondly, choose your purchase plan and proceed for the payment
Now, it’s time to receive your newly mined coins
Vast acres of barren land can be best used for setting up solar panels (which run on photovoltaic cells) and wind mills to run our Green Data Centers. HashGains’ cloud mining devices make use of green renewable power that is available at near-zero cost.
The Best Cloud Mining Data Centers
Who can build and run the most efficient, cost-effective, robust, scalable, secure, and reliable cloud mining data centers? There cannot be a better choice than HashGains which is backed by technology giants with an experience of over 15 years in running and managing data centers. HashGains has a team of 1,500 professionals, serving 10 of the top Fortune 500 Customers, and managing over 25,000 servers globally. HashGains is all set to build its Cloud Mining Data Centers with a combined capacity of 75 MW in India and China.
Be a Part of HashGains
There cannot be any better time than now to invest in cryptocurrencies which have grown 15-20 times in 2017 and is expected to perform even better. There is no better player than HashGains which provides the most secure and cost-effective cloud mining platform to invest and earn cryptocurrencies.
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Bitcoin Cash mining is a major attraction for miners these days owing to the fact that it is easier to mine and its market price is currently higher than that of Bitcoin Classic. With Bitcoin Cash, the block development has risen to 15 blocks in an hour, which suggests that a huge number of miners are operating on the blockchain. At present, there are more Bitcoin Cash tokens in circulation owing to accelerated mining.
Bitcoin Cash is a planned fork of the core Bitcoin blockchain and has gained a lot of popularity of late. Unlike Bitcoin, Bitcoin Cash adjusts the mining difficulty as per the traffic and this is where it gains an upper hand. Bitcoin Cash has increased the block size to 8 MB, from Bitcoin's 1 MB. Given all the advantages, Bitcoin Cash has a long way to go and will soon establish itself as one of the top 5 cryptocurrencies in the market.
Bitcoin Cash uses the same SHA-256 protocol as the core Bitcoin network. Like Bitcoin, Bitcoin Cash also requires an ASIC device to carry out the mining process. If you are using a GPU mining rig, then you can set up RX-570 / RX 580. However, it is not that profitable owing to the excessive electricity consumption.
The minimum payout criteria for Bitcoin Cash is 0.01 BCH or $250. Once you have earned mining rewards worth $250, you can transfer the same to your personal wallet for further use.