Games on the market crypto currency continue / Blog company HashFlare / SurprizingFacts

The magic of the word Bitcoin extends to his forks: barely appeared as a result of the separation from Bitcoin coin Bitcoin Cash already falls into the headlines, beginning to grow after his older brother.


When the cob's infrastructure came back to normal, Bitcoin owners found a similar amount in Bitcoin Cash. True, the condition for this was the exchange's support or the purse of the new crypto currency. The fork course immediately after stabilization was not bad, something about 300 US dollars for a coin. Opinions about the future of Bitcoin Cash are divided. Skeptics immediately found themselves in the majority: it is understandable – no one particularly knew what to do with the new currency, where to invest it and how to sack it. The high complexity of mining (now it has fallen) and the foggy future limited the interest of the miners to Cash. With him still operates a limited number of exchanges, and at first fork supported and did units. But the "alternative bitcoin" keeps afloat and even manages to surprise analysts with the unexpected dynamics of the course.

It all started on Saturday, August 19, when the price of fork cue quickly enough exceeded the $ 900 mark. It became clear that someone shows a special interest in Bitcoin Cash: a jump in "three of its growth" from $ 300 to $ 900 is, of course, not for nothing.

Who are these mysterious sympathizers of the Fork? According to the CoinMarketCap resource, more than 50% of the total volume of trading in a new batch a few days ago passed through three exchanges from South Korea (by the way, the Asian trace in the history of crypto-currency is very noticeable). This is Korbit, Bithumb and Coinone. Only in the second half of August 18, about half of the total volume of Bitocin Cash trading was conducted in won.

So far, it is difficult to understand what caused such a keen interest of Koreans to Bitcoin Cash – especially since the coining of this coin is not too profitable yet. But, in any case, after the rise we see a much more positive picture than at the very beginning.

The most interesting thing is that the complexity of Cash's mining should soon fall by 50%, because this weekend the recalculation after block 479808 was started. As a result, it is possible to obtain fork even More profitable than the original currency. True, provided that the high rate of Cash continues.

So far, most major sites refuse to work with Cash. But over the past couple of days a regiment of big players has arrived on their side: the two largest mining pools, Antpool and BTC.com, have begun to mine the alter ego cue ball. And this despite the fact that as early as August 17, the head of Antpool denied the existence of such plans. Representatives of Antpool hinted at the possibility of starting the fork harvest, but it is too vague for the miners to pay attention to it.

But in a short time everything changed.
First, the BTC took the job, and then Antpool, who extracted the block 480084. joined them. Now they are already displayed on the Bitcoin Cash mining chart from Coin.dance.

However, Bitcoin Cash did not last long for a while. The price of Bitocin Cash began to fall sharply, falling just to $ 596 in just a day.

However, even such a sharp decrease is hardly a prelude to the further fall in the price of fork. Either the demand for Cash has declined, or some stabilizing factors have worked, which did not allow the rate of fork to break sharply for $ 1000.

We will not guess what will happen next. But it is already clear that Bitcoin Cash will not just disappear from the radar: its capitalization has already reached $ 9,992,543,445. Very good for a beginner who immediately took the third place in the list of the world's most popular crypto-currencies. The market is heated, and fork bitcoin, let and supported by a relatively small number of large pools, still looks more reliable coin than many new crypto-currencies that appear as mushrooms after the rain. If you want to get it, at least "that was" will be enough to ensure the future.

By the way, if you have cue cards, but on wallets that do not support the fork, there is a solution to how to get around this problem. The decision was suggested by BTC employees, and it is, as far as we can judge, really working.

The demand for cloud mining is growing throughout the year: