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What is Bitcoin Cash Mining.....πŸ’šπŸ’šπŸ’š? Like most other cryptocurrency projects that operate on a blockchain, miners are required to verify and confirm transactions. Anyone in the world can be a Bitcoin cash miner by purchasing the correct hardware and downloading the required software Just like Bitcoin, a block of transactions is confirmed by the Bitcoin Cash mining community every 10 minutes. Before a block can be confirmed, all the miners on the Bitcoin Cash network must attempt to solve a cryptographic puzzle. This puzzle is so difficult that no human could solve it, instead, it requires a lot of computational power to do so. Every miner on the Bitcoin Cash network is competing to be the first to solve the puzzle! This is because whoever solves it first, gets the mining reward. The current reward for successfully mining a block is 12.5 BCH, which will remain in place until April 2021. After that, the reward will be halved to 6.25 BCH. On top of the block reward, the successful miner will also earn the transaction fees that each Bitcoin Cash user paid when they transferred the funds. It is also important to note that the person (or organization) with the most powerful mining hardware has the best chance of winning the mining reward. In the world of Bitcoin Cash mining, an expensive and powerful mining device will always have more chance of winning the reward against a basic CPU. I’ll talk about this in more detail later. So, now that you know the concept of Bitcoin Cash mining, I am now going to answer whether Bitcoin Cash mining is profitable. #Club1Bch

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