Miners mine what's more profitable, that's something natural. When the diff will be up by 5 times, mining bch won't be profitable any more. But that's just my opinion :)
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Miners mine what's more profitable, that's something natural. When the diff will be up by 5 times, mining bch won't be profitable any more. But that's just my opinion :)
You forgot to take into account the price!
Also, there are a lot of old ASICs people are deploying on Bitcoin Cash. BCC would have been DOA if it wasn't for the bitter scaling debate that has been raging for several years now.
Big-blockers will mine BCH even at a loss just to spite Core. It's crazy, but that's where we are today.
Big blockers - yes, but all the hashrate that came yesterday/today was for profit only. And the price stays around $650 which is not enough to compensate the diff raise.
Let's see how the situation evolves over the next few days. BCH could be at $1000 as the difficulty bumps higher. I wouldn't be surprised to see some deep-pocketed players start manipulating the price over the next few days.