What is Bitcoin Cash?
If you have heard of bitcoin then you might be also wondering what is bitcoin cash and it is very simple, bitcoin cash is a spinoff of bitcoin and started mining on August 1, 2017. How to mine bitcoin cash? If you are a Bitcoin veteran and your account is created before the fork in August, you will not have to change your email and so on. You can simply open your bitcoin cash mining account and start mining immediately, you do not have to create another account to mine bitcoin cash How to get bitcoin cash? You can get bitcoin cash by going to a website where you can buy and sell your bitcoin, the websites can be listed here. Buying bitcoins from exchanges: Then you can buy bitcoins from exchanges and sell it to get bitcoin cash at that time.
Also read :- What is Bitcoin Cash?
What is Mining?
Mining is the process in which the computer program attempts to solve a specific equation, typically for bitcoin cash. If the program succeeds, it is rewarded with bitcoin cash. Mining will continue until 51% of the coins are mined. This means that the miner (program) can try for more bitcoin cash than there are bitcoin cash coins in the supply. When a miner obtains more bitcoin cash than there are bitcoin cash coins, the coin with lower supply is considered to be orphaned. Why you need to learn how to mine Bitcoin Cash? 1. You want to find a profitable place to mine Bitcoin Cash The Bitcoin Cash blockchain has been provided for the computers to mine by the system. You can use any of the mining pools that the system is provided for.
How to mine Bitcoin Cash
If you can’t set up a command-line miner, you can mine with a DAGmine. The miner allows you to mine by sending scripts to a Google Maps-like interface. You can view bitcoin cash block height and see all files and make sure you place them on the map. Code of Bitcoin Cash Mining As of December 22, 2017, we were not sure whether the mining process will not stop, we tried our best to get as much power as we could in our mining process and ensure miners run at full capacity. If you are still looking for more details, you can visit the wiki and see all information on what mining is and how to mine Bitcoin Cash. The screenshots below will be updated with new methods as the process is more difficult then originally thought.
What are the benefits of Bitcoin Cash
#2. Its Cost Effectively Lower than Bitcoin If we consider its fee then it is costs are not that high as Bitcoin. By comparing the same time period fee between bitcoin and Bitcoin cash you will find that its cost is 20% lower. So, if you do not mind paying a little bit then you can earn more from this cash because of its lower cost. #3. Find More Alternatives If we consider it, it seems that Bitcoin cash is attracting more people to Bitcoin Cash. In order to earn more profit from the process of mining bitcoin cash you need to mine a lot of bitcoin cash in order to make a profit from mining #4. Private Exchange The famous private exchange xtrader2x is ready to welcome the bitcoin cash to the platform.
Conclusion
As we have explained in this tutorial, you have to buy a hardware wallet and then transfer your existing bitcoins from your hardware wallet to a digital one such as myetherwallet. In your digital wallet, you will get 0.5 XMR in your personal account and you will get $850 MCOIN for the mining. If you have been following this tutorial regularly, you will be getting $950 MCOIN without any risk as mining bitcoin cash is fun, easy and profitable.