Only 17 days left from halving Bitcoin Cash, what does the trader expect?


After another 17 days, the Bitcoin Cash network will witness the next halving event. As such, the block reward will be reduced from 12.5 to 6.25 coins on or around April 8, 2020. BCH will be the first of the top 3 SHA256 networks halving because BSV reduces rewards 2 days later and BTC after 34 days.


Halving BCH is approaching


For every 210,000 blocks, the Bitcoin Cash network will halving rewards. This time, halving BCH will reduce mining rewards from 12.5 to 6.25 coins. In fact, all three leading SHA256 blockchains (BTC, BCH and BSV) are halving the rewards for the next 50 days. Shortly before halving BCH, the cryptocurrency market was severely affected by the economic instability caused by the COVID-19 virus that caused fear in the global market. For example, on February 15, BCH traded for $ 498 but then lost 52% in value and is currently stopping at $ 215.




Current BCH price | Source: Coinmarketcap


BCH is expected to reduce rewards after 17 days on or around April 8, 2020, depending on the total block time. At the time of writing, the mining activity on the BCH chain is more than 1.4% profitable and equivalent profit between BTC - BCH is not much different. Sometimes it is possible to achieve a 1-3% higher return on mining on the BCH chain and the same with BTC at other times.


BCH 1


At the time of writing, BCH has 2,658,913 coins left to mine and approximately 33,913 coins will be mined before halving. The reason BCH halving before BTC is because the total block time is found much faster than BTC. This is because the difficulty adjustment algorithm (DAA) of the BCH network makes BCH about 34 days earlier. BCH has an issue rate of about 1,800 coins per day and the current inflation rate is about 3.7%. Soon, the BCH inflation rate will be lower than the average inflation target that central banks refer to worldwide at 2%. Hashrate Today's BCH is about 3.5 exahash per second (EH / s) and there are 2,713 blocks left until the mining reward is reduced.



Countdown Bitcoin Cash halving.


Factors to consider: Price, difficulty ...


Over the past few days, BCH proponents have been excited discuss about the upcoming halving and what will happen. A writer on Reddit: “Damn it, about 30 days earlier than halving BTC. Wondering how the miners will react? ”. Others talk about the BTC block rate having delayed halving and this period is gradually extending. Some people think that spot prices and DAA changes of the BTC network, BCH will have to be considered.


This will be the first time in history, 3 SHA256 halve networks in the same time frame. BSV is a network separated from BCH, expected to be halve on or around Friday, April 10, 2020. All 3 networks have mining pools operating on 2 or 3 networks and some other pools exploit only 1 type. In a conversation on Reddit, people talked about how miners jumped back and forth on chains depending on the profit of the block.


BCH 3


Halving BCH is an important part of the system invented by Satoshi with a systematic and mathematical reward reduction operation, which is considered far beyond the monetary system today. BCH has a predetermined inflation and release rate, but far better than the urgent interest rate cuts and trillions of dollars stimulated by central banks. In just the past few weeks, central banks around the world have added trillions to the balance sheet and blamed it all on the COVID-19 outbreak.



“In the latest release, the Fed has revealed its balance sheet soared from $ 356.3 billion last week to a record high of $ 4,668 trillion. I am sure that children next week's number will exceed 5 trillion, towards infinity and more! ”


Unlike the Fed, BCH protocol have a hard-coded capitalization supply that cannot be changed at will to increase traffic and BCH release rate. BCH supporters understand that a peer-to-peer cryptocurrency that provides mobility, value storage, and medium of exchange will be taken seriously if it is still resistant to censorship. Because BCH has the remaining 2.6 million coins to mine, demand will continue, stimulating the price of assets.


You can see the price of BCH here.


Disclaimer: This is not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.


Minh Anh


According to NewsBitcoin




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My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently

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