Bitcoin Cash’s Mining Difficulty Algorithm Remains Highly Controversial

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This article was originally posted on The Merkel - with a dedicated cryptocurrency how is bitcoin cashs eda affecting bitcoin section and also a variety of educational articles relating to Bitcoin, you can find anything from how to make money with bitcoin to how to create your own cryptocurrency.

For more check the link below. A lot has been said and written in regards to Bitcoin Cash and its unusual mining difficulty algorithm. More specifically, this EDA can change the mining difficulty rather quickly. In most cases, the difficulty how is bitcoin cashs eda affecting bitcoin lower as a way to speed up the network and ensure there is no backlog whatsoever.

Once the mining power picks up again, the difficulty will readjust to increase the network time between blocks. It makes a lot of sense, but can sometimes lead to some odd side effects. In fact, the image he posted detailed 43 Bitcoin Cash blocks generated over the course of one hour. This will last for another day.

When that happens, the time in between blocks may go up to several hours, which is less than ideal. Thankfully, the EDA is something that can be addressed by BCH developers, assuming they will ever be inclined to do so.

One thing that is worth taking into account is how this also influences the profitability of mining Bitcoin and Bitcoin Cash. It is far from an ideal situation for both networks; that much is rather evident. Issues with the Bitcoin Cash mining difficulty algorithm have been discussed many times before. At the time how is bitcoin cashs eda affecting bitcoin writing, it is Then again, this has not affected Bitcoin network confirmation times just yet.

One of our transactions got three confirmations within 20 minutes, which is pretty quick for a BTC transfer these days. That is an absurd amount, to say the very least, as some blocks are literally coming twenty seconds apart. It is evident this situation will continue to spark debate moving forward and also speed up the inflation rate of Bitcoin Cash. As a result, the BCH price is taking a sharp nosedive right now, although there is no real reason to panic just yet.

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