Bitcoin Cash Mining
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What is Bitcoin Cash Mining?
As blocks on the Bitcoin blockchain started to fill up quickly, the Bitcoin community came to a fork in the road. While some believed the network was fine just as is and would be able to handle an uptick in transactions, another group of stakeholders on the network believed it was important to increase the block size limit in order to accommodate a rise in transactions. This disagreement led to a hard fork in the Bitcoin network in the middle of 2017, and as a result, Bitcoin Cash (BCH) was born.
Bitcoin Cash operates under much the same functionality and code base as Bitcoin, but with an increased block size limit to 8MB. This increased block size results in more transactions in each block, creating more transaction fees for miners. At the same time, many believe larger block sizes are able to keep transaction costs down, allowing micropayments to be more economical on the Bitcoin Cash network.
Which miners are used to mine Bitcoin Cash?
Much like its predecessor Bitcoin, Bitcoin Cash operates using the SHA-256 hash function. This makes ASIC mining equipment the best and most profitable way to mine Bitcoin Cash, as ASICs are capable of executing trillions of hashes per second, significantly outperforming other equipment, and leading to more profits for miners. ASIC miners on the Bitcoin Cash blockchain can achieve solid profitability for miners as more transactions per block collect more fees for miners. It is important to pick the best ASIC mining equipment for use on the Bitcoin Cash blockchain as well as proper installation and maintenance so that the equipment is always operating at full capacity.
We make it simple and profitable to open a mining account, see your profits start to accrue within days