As a forked currency of Bitcoin, Bitcoin Cash’s mining mechanism and benefits have always attracted much attention. In 2018, BCH mining revenue set off a craze in the digital currency market. By conducting an in-depth analysis of Bitcoin Cash mining revenue, we can better understand how this space works and how profitable it is.

First, let’s look at the overall picture of Bitcoin Cash mining in 2018. According to data, the price of Bitcoin Cash fluctuated greatly at that time, which directly affected the income of miners. During certain peak periods, a day’s earnings from Bitcoin Cash mining can even reach thousands of dollars. However, this number will fluctuate as market conditions fluctuate.

As the digital currency industry develops, Bitcoin Cash’s mining difficulty is constantly being adjusted. This means that miners need to invest more computing power and resources to obtain corresponding benefits. In 2018, the mining difficulty of BCH increased to a certain extent, which was a challenge for miners, but also brought them higher profit opportunities.

In addition to the impact of market price and mining difficulty, Bitcoin Cash transaction volume is also one of the important factors affecting mining revenue. In 2018, as Bitcoin Cash continued to be active in the digital currency market, its transaction volume also continued to increase. This provides miners with more mining opportunities, resulting in greater profits.

In the analysis of Bitcoin Cash mining revenue, we also need to pay attention to the role of mining pools. Mining pools can help miners concentrate their computing power and improve mining efficiency, thereby obtaining more stable income. In 2018, many miners chose to join well-known mining pools to obtain more Bitcoin Cash rewards, which further promoted BCH mining activities.

In addition to the amount of mining revenue, we also need to pay attention to the cost of mining. The electricity, equipment and maintenance costs required for mining will directly affect the final income. In 2018, as the difficulty of Bitcoin Cash mining increased, miners needed to invest more costs to deal with the challenge, which has also become one of the factors restricting revenue growth.

Overall, Bitcoin Cash mining revenue in 2018 showed a volatile but potentially huge trend. As the digital currency market continues to develop and change, BCH mining revenue will also face new challenges and opportunities. For miners, grasping market dynamics and improving mining efficiency are the keys to obtaining more profits.

In summary, the analysis of Bitcoin Cash mining revenue in 2018 can not only help us better understand the operating rules of the digital currency market, but also provide guidance and inspiration for miners. Mining is an important part of the digital currency field, and its income affects the development and changes of the entire industry. It is believed that with the advancement of technology and the maturity of the market, Bitcoin Cash’s mining revenue will usher in more stable and considerable growth.

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How much is the profit from Bitcoin Cash mining in one day in 2018? Bitcoin is the largest well-known currency in the digital currency industry. Bitcoin is produced from mines. Bitcoin "mining machines" perform hash collisions 24 hours a day. It is to compete for the accounting rights of the blockchain. Whoever keeps accounts will be rewarded with the latest generated Bitcoins. This was the original design of Satoshi Nakamoto, the "father of Bitcoin". Let’s analyze the BCH mining income for everyone.

What is Bitcoin Cash?

Bitcoin Cash, English name Bitcoin
cash, abbreviated as BCC or BCH. It is another cryptocurrency that splintered off the Bitcoin community. At the beginning, most people were at a loss and were not optimistic about it. However, after 5 months of gaming by all parties, it has become the third largest cryptocurrency with a market value of US$50 billion. I have invested a lot of energy and money into its layout, and the current income is more than 10 times.

How much was it not popular when it first came out?

When Bitcoin Cash first came out, there was a ton of criticism on social media. Many people believe that this is a selfish act by mining giant Bitmain and its allies to split Bitcoin for their own benefit and will harm the future of Bitcoin. Many celebrities in the currency circle are not optimistic about Bitcoin Cash, such as Zhao Dong, Lao Mao, etc. Laomao publicly stated that he believes that Bitcoin is a community currency, while Bitcoin Cash is just a company currency, not worth investing in, and has the risk of zeroing out. Ever since there was news about Bitcoin Cash, its opponents and supporters have been attacking each other. For example, opponents attacked miners who support Bitcoin Cash and insist on forking as mining tyrants, and derogatorily called Bitcoin Cash Bcash, while supporters The tit-for-tat satire of Bitcoin developers, who resolutely refused to accept expansion and led to forks, is a (code) tyrant, and scornfully called Bitcoin BCE (Bitcoin).
core). Both sides attack the other party for centralization, which in the context of public opinion in the currency circle is equivalent to accusing the other party of being counterrevolutionary, because decentralization is an unquestionable political correctness in the mainstream public opinion in the currency circle.

Why would I invest in it?

Because I am different based on my understanding of blockchain and decentralization, I have not rejected it from the beginning. The following is my understanding at the time (PS. My understanding will be different but more in-depth now):

What do I understand by decentralization?

This starts with the birth of Bitcoin. A person or organization whose online name is translated as Satoshi Nakamoto (actually a more accurate translation should be Zhi Zhongji) released the Bitcoin white paper in 2009, then completed the code writing, released the Bitcoin client, and dug up Bitcoin The first block of the coin and wrote a message in the block. Satoshi Nakamoto/Zhongji announced his permanent retirement soon after, allowing Bitcoin to develop freely. This process is as legendary as a mythical story in religious legends, and is now revered as the creation of Bitcoin.

Whether it is due to personal will or practical pressure, Bitcoin, a valuable invention, has become ownerless, and Qin has lost its deer, and the world is chasing it. In this process, two major groups gradually formed: Bitcoin, which monopolizes the rights to publish Bitcoin code
Core and its allies compete with Free to form mining giant Bitmain and its allies.

The interests of these two major groups are different, so in order to compete for the dominance of Bitcoin, they have launched a protracted war in the past few years. Regarding this war, I was relatively neutral at the time, so when Bitcoin Cash, which supports large blocks, was born, I did not reject it. After all, the contradictions could not be reconciled, so the partnership would naturally break up. As for whether Bitcoin Cash can succeed, it naturally depends on the forces supporting it.

What are the forces supporting Bitcoin Cash?

A cryptocurrency is generally composed of three elements:

1. Developers provide code and provide functions. The development team supporting Bitcoin Cash at that time was BitcoinABC, and later BCU.

2. Production maintainers provide computing power through mining machines, produce currency and maintain the transfer system to ensure security. At that time, there were many mining pools supporting Bitcoin Cash’s computing power, including Bitmain’s Ant Pool, viabtc, btc.top, etc.

3.
Users use cryptocurrencies, which provide purchasing power and give value. BCU is a development group that supports no upper block size limit. The price of the BCU they developed on the exchange has been around 0.1btc for a long time, indicating that there is indeed a group of users who support large block Bitcoin. When Bitcoin Cash appeared, this group Of course users will support it.

Three major factors came together, so at that time I thought that Bitcoin Cash would definitely survive, and even because of Bitmain’s strong strength, Bitcoin Cash might have great development.
In the field of digital currency, Bitcoin Cash (BCH) has always attracted much attention, and its mining behavior has attracted even more attention. In 2018, BCH mining revenue became a hot topic. How much Bitcoin Cash can be mined in a day? This article will provide an in-depth analysis of Bitcoin Cash mining revenue in 2018 and reveal the profits and changes of BCH mining.