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Djdjdjdj

12/17/17 7:57 PM

#73841 RE: Sampleandhold #73840

In business you go for the most money. Bitcoin Cash pays more when mining it.

Quote from the Q3 “BitCash is alternative to Bitcoin, which enjoys greater payouts to mining pools”

OTC_Buyer

12/17/17 8:07 PM

#73843 RE: Sampleandhold #73840

If I am correct Bitcoin Cash was supposed to replace Bitcoin. Correct?

SteveWin

12/17/17 10:34 PM

#73870 RE: Sampleandhold #73840

They also state clearly, WHY they will mine BCH instead of BTC.. and the "why" is that they expect a higher return per unit of hashing power and electricity. You quote the price of BCH, but that's just one variable. If it was the only variable, NOBODY would have any reason to mine BCH. Four other important variables would be the mining difficulty, the average time between block solutions and rewards, the size of the block reward, and the number of others competing against them to solve BCH blocks.

They're NOT choosing to mine BCH because they're looking for a way to make 1/12 the money they could make mining BTC. I'm really confident that they're expecting MORE from BCH than they think they could get in BTC. So, I suspect that if I chase down all the variables and develop a BTC to BCH conversion factor, "reality" would forecast a somewhat higher potential for SANP.

For what its worth, INTV is running several different mining rigs, chasing several different currencies. A 100% accurate forecast would take a week, if it was possible at all - but I'm going to make the assumption that crypto mining is fairly liquid and self-leveling - that people will devote additional resources into mining the more profitable currencies until the increased competition drives the profitability of those back toward the mean. I'm also assuming that if SANP/Canoe discover, after one week, that they've made only 1/12 of what they could have made in BTC, they'll jump over to BTC without a second thought.

But. Thank you for reading! And, thank you for reading critically - I know I have made (and will make) mistakes, and the "peer review" here is vital to our mutual success!