Warning: Blatant breach of subreddit rules below. But there is a moral responsibility to let people know what goes on between BCH and BTC. - Bitcoins

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Friday 10 November 2017

Warning: Blatant breach of subreddit rules below. But there is a moral responsibility to let people know what goes on between BCH and BTC.

Warning: Blatant breach of subreddit rules below. But there is a moral responsibility to let people know what goes on between BCH and BTC.
/u/vegarde

This morning, BCH difficulty went up 20%. At the exact moment BCH went up, more or less, the price of BCH went up 20%. Mining BCH is now well profitable, and miners of BCH are now mining >20 blocks per hour.

If you are considering to sell BTC to invest in "the better" BCH, you need to know this. Someone is trying to have BCH look good, and making a lot of money on it in the same time.

I encourage everyone to educate themselves. "Bigger blocks is better" is a valid opinion, but BCH does weird things these days, so I'd be wary supporting those big blocks. Going to other Alts might be a safer route.

I believe this will correct over time. Bitcoin protocol actually compensates for this, it's simply just impossible to mine at that rate in the long run. The difficulty adjustments stops it.

Incidentally, that was one thing that was changed in the fork: There is an emergency adjustment that automatically adjusts to make it profitable to mine BCH should it become unprofitable.

I realize I might be modded down to discuss altcoins, but I think those who are "on the fence" between BTC and BCH deserves to be informed. I am ridiculed and downvoted when I try on /r/btc/, which is why I post here.

There will be a change in difficulty adjustment algorithm on november 13th. If you are considering to invest in BCH, at least wait until that time and look what happens. There are huge risks right now.

submitted by /u/vegarde
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