BCH difficulty is projected to quadruple in the next 7 hours. It is currently mining over 40 blocks per hours and has demolished the 2016 block targeting time in just 72 hours. Once difficulty jumps to ~28% of Bitcoin, it will have to be above ~0.28 BTC in price in order to maintain profit parity. If it doesn't manage to do this by the time difficulty changes or shortly after, miners will leave, leaving the chain to stall again like it did previously. This will of course cause a snowball effect similar to what we saw before - either a yo-yo in price where miners will move back and forth as the coin is pumped due to artificial scarcity from lack of blocks, or an outright crash of BCH if miners move off and the chain is unable to mine anything. Once miners move, there's a big danger of mining blocks too slowly but not slow enough to trigger the emergency adjustment (like we saw initially with BCH, but this time it will be worse because difficulty is LOWER now but not nearly low enough to hit the next adjustment in a reasonable time period).
If you have BCH, you may want to move it to exchanges just in case (assuming you're trading it), because you will have a hard time finding blocks after the adjustment if the price doesn't increase.
tl;dr BCH will either make it or break later today.
Good luck and "Screencap this".
Adam Bailey
>and the chain is unable to mine anything. What is EDA?
Nicholas Martin
Congratulations, you are retarded and can't read.
Xavier Edwards
If the chain drops back to 7% hashpower like it had at the last adjustment, it would be mining at ~1.5 blocks per hour and would take 2 months to adjust again normally, once again making BCH useless for the time being except for future speculation.
Wyatt Myers
8MB Blocksize BCH actually consistently mining
Josiah Cruz
EDA? Yes or No?
Nathaniel Harris
I'll be sitting in BCC for the next 7 hours then for hopefully an epic pump
Austin Mitchell
the chinks will keep mining it. your theory that once the diff increases everyone will go running back to segwit is going to be BIGLY wrong.
Your coin is dying man. You better get out now while you still can.
Colton King
Literally no one questions why miners all decided to suddenly start signaling for Segwit on Aug 1st., we are supposed to believe a bunch of camo hats and hashtags won all the miners over? It's the crypto equivalent of #bringbackourgirls the UASF movement meant jack shit.
Luis Sullivan
Good joke.
BCH had 7% of the hashpower until the difficulty adjusted to 7%, only then did miners jump on because it was massively overvalued compared to its difficulty. If you think that means anything other than that 40% of miners only care about money and don't give a damn about the coins themselves, you might be delusional.
