Bitcoin Cash BCH Miner Program

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Bitcoin Cash BCH Miner Program

Posted on 2/5/2018by admin
Bitcoin Cash BCH Miner Program

You can get appropriate miner program from official coin announce page. You can buy hash power on NiceHash to mine coins without having a miner. Bitcoin Cash. Ticker symbol: BCH. The position that Bitcoin Cash is Bitcoin is based on its adherence to the design goals and intended purpose that. Auto exchange to other coin would be impossible or too slow. If you want to exchange Bitcoin cash to other coin, withdraw and exchange manually. You can get appropriate miner program from official coin announce page. You can buy hash power on NiceHash to mine coins without having a miner. How to mine Bitcoin Cash (BCH)? Better to mine that you can afford to buy if you have s9 miner then you can mine with bitcoin cash because its more.

What is Bitcoin Cash Bitcoin Cash is a peer-to-peer cash, created to enable transfer of value on the blockchain fast, cheap and effectively. Bitcoin Community Split Bitcoin Cash is a Bitcoin Hard Fork. It origins from the years long debate about scallability in Bitcoin. Current Bitcoins blocks are of 1MB size and only so many transactions can fit in each block. As there are more and more transactions, not all of them can fit into these blocks, and ones with a higher fee are prioritized to be included in the block and confirmed. If the blocks are full, the transaction fees will naturally increase.

BCH Hard fork origins It was a lasting debate on how to scale bitcoin(enable more transactions). The long-time developers of Bitcoin(Bitcoin Core) persist on scaling off-chain through layer 2 solutions, while the other site wanted an immediate increase in block size, to enable fast and cheap transactions by scaling on-chain and increasing the block size. This reduces the fees and makes the confirmations/transactions faster, but it comes at a hefty price - centralization. If more and more people decided to transact through Bitcoin Cash blockchain, the blocks would get bigger and bigger.

Currently it already takes a lot of bandwith for someone to run a full Bitcoin node(to verify the transactions are according to the rules and preventing the miners from cheating) and with block size increase, only datacenters could run the blockchain node, enforce rules and all-in-all control of bitcoin could end up in a control of the few. The chain split - creation of Bitcoin Cash So on the august of 1st the community and Bitcoin blockchain had been effectively split, resulting in two separate blockchains - the old one Bitcoin and the newly created chain called Bitcoin Cash. Both share the same history prior to the point of the hard fork, but after the hard fork block, the blockchains are different and each chain follows different rules - they are incompatitible.

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