Bitcoin Cash Hard Forks In Bid To Ease Mining Difficulties

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Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid BlocksIn comments on Twitter Tuesday, Back speculated on the likelihood of a plethora of Bitcoin hard forks diverting investor attention away from altcoins, potentially increasing Bitcoin’s market share. The forecast comes as Bitcoin’s hold on the market fell dramatically this week after Bitcoin Cash controversially surged in value and altcoins saw massive price gains.

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Adoption and usage of Bitcoin Cash are impeded by these hard forks and the problems that now arise with naming the cryptocurrencies. Without a universally accepted method of reference, the ability to even discuss Bitcoin Cash lessens. There seems little reason to use Bitcoin Cash when a number of other better option remain available. Technical Analysis. On Aug 11, 2017, BCH reached a low of.

After facing a heavy load of transactions earlier this month, bitcoin’s (BTC) network has returned to a more normal level,

That’s normal. Bitcoin ABC is rejecting the non-BCC blocks once the median time is after 12:20 UTC. So BTC blocks after 478558 are rejected. Now the BCC miners are actually working on producing the first BCC-only block, which will be block 478559 on the BCC chain and will be different from block 478559 on the BTC chain, hence effectively splitting the chain.