How does the mining process differ between BCH and BTC, and how does it affect their overall supply?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure! The mining process for BCH and BTC differs mainly in terms of the underlying algorithm used. BTC uses the SHA-256 algorithm, while BCH uses the SHA-256D algorithm, which includes a component called 'difficulty adjustment'. This adjustment allows BCH to adjust its mining difficulty more frequently than BTC, making it more responsive to changes in network hash rate. As a result, BCH can potentially have faster block times and more frequent block rewards compared to BTC. However, this also means that the overall supply of BCH can increase at a faster rate than BTC.
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• Nov 27, 2021 · 3 years ago
  The mining process for BCH and BTC is quite similar, but there are a few key differences. One major difference is the block size limit. BTC has a block size limit of 1MB, while BCH has a larger block size limit of 32MB. This allows BCH to handle more transactions per block, potentially leading to faster confirmation times. Additionally, BCH has implemented a feature called 'Emergency Difficulty Adjustment' (EDA), which allows the network to quickly adjust the mining difficulty in response to sudden changes in hash rate. This can help maintain a more stable block production rate and ensure a steady supply of BCH.
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• Nov 27, 2021 · 3 years ago
  From what I understand, the mining process for BCH and BTC is quite similar. However, I'm not an expert in this area, so I would recommend referring to official documentation or trusted sources for more accurate information. If you're interested in learning more about the mining process and its impact on overall supply, you may want to check out BYDFi's blog or other reputable cryptocurrency websites. They often provide in-depth analysis and insights on various aspects of the cryptocurrency industry, including mining and supply dynamics.
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