Bitcoin Halving: Will It Benefit BCash?

Bitcoin Cash (BCash) went through a halving last week. Since that time, the total hashrate dropped off a cliff. Miners found it not to be cost effective to keep mining that chain and switched to Bitcoin.

This is possible since the blockchains runs similar code and the equipment is able to support both.

All this brings up an interesting question:

Will miners switch back to BCH after Bitcoin halves next month?

It is not uncommon for mining to drop immediately following a halving event. This occurred with Litecoin when it halved last year.

During a halving, the amount paid out in each block drops by 50%. Thus, if the price of the token is near the mining cost, it makes it tough for miners to operate properly.

If we see similar results with Bitcoin, miners might look for other options. BCash could see the amount of miners drop enough that others can get in and operate profitably.

A lot of this depends upon the cost of the token. Many feel the halving will be a springboard to a major bull run in Bitcoin. While it might not start immediately, it does add another degree of scarcity to the token.

Past halving events did result in bull runs in Bitcoin. Will this time be the same?

We will see over the next few months.