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RE: Why nobody is mining Bitcoin Cash
Probably a dumb question but given they changed the code for block size why the hell didn't they drop the difficulty? :)
Probably a dumb question but given they changed the code for block size why the hell didn't they drop the difficulty? :)
It's a process that is taking place right now. Miners are not mining on purpose to get de difficulty down to what makes it profitable to mine again. But the process is automatic depending on the time it takes to find blocks. If a lot of mining power suddenly joins the network, they will be able to mine with ease for a short period of time as difficulty will rise accordingly to keep block time steady. Right now the opposite is happening.
Would have been better to dump the difficulty at the fork and then let it ramp, at least that way less initial interruption.
That said, could have been intentional. By having the high difficult and stupid block times it makes far harder for people it instantly dump their holding and hence give the fork more chance