Today’s Stock Market News and Analysis – Nasdaq. Get the latest news and analysis 2nd market bitcoin mining the stock market today, including national and world stock market news, business news, financial news and more. Today’s Stock Market News and Analysis from Nasdaq. Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more!
Getting in on the ground floor of something big can be exciting. One underserved market is the commercial and multi-unit residential market. GOP Leaders Weigh Stopgap Bill to Avert Govt. VNG Corp lead investment in Vietnamese e-commerce firm Tiki. Japan finmin: Don’t see problem with dollar around 110.
China central govt-owned enterprises’ 2017 profit rises 15. Wait, the Coca-Cola Comeback Is Finally Here? What Type of Reaction to Tax Cuts Should Investors Cheer? Could Oil’s New Highs be a Bad Sign for Stocks? Enter up to 25 symbols separated by commas or spaces in the text box below.
These symbols will be available during your session for use on applicable pages. Please note that once you make your selection, it will apply to all future visits to NASDAQ. If, at any time, you are interested in reverting to our default settings, please select Default Setting above. You have selected to change your default setting for the Quote Search. Are you sure you want to change your settings?
Bitcoin Cash may have the larger block size that allows faster transaction times, but it will always boil down to profitability. Bitcoin experienced its first hard fork during the summer. The hard fork was as a result of a disagreement between Bitcoin’s core developers and miners. The dispute continues and is ultimately an attempt by Bitcoin’s mining cartel to hold on to all of the hashpower for Bitcoin mining. The entire ethos of Bitcoin is for decentralization. The removal of a centralized control over Bitcoin’s future has been what many within the Bitcoin community have called for. Bitcoin may have removed control away from governments and central banks, but as Bitcoin evolved, the capabilities of miners have also advanced and with it has a new battle has born, control over the mining of Bitcoin.
The Bitcoin world has been left with the choice of three as a result of the fork cancellation. Bitcoin Gold supports the desire to prize away from the hashpower monopoly held by the Bitcoin mining cartel. Following Bitcoin gold’s collapse in recent days, however, it’s clear that the cryptoworld and Bitcoin’s world, in particular, has decided which are to face off against each other. It’s now down to Bitcoin Cash to fight off Bitcoin’s superiority over the cryptoworld. The Bitcoin civil war has now truly started and the choppiness in the pair’s prices is a clear indication of how the Bitcoin world has been repositioning in recent days. 2,799 before the great retreat.
On the day, Bitcoin Cash not only moved above Ethereum into second place by the market cap, but Bitcoin Cash also saw more hashpower than Bitcoin. So, what’s the difference between Bitcoin and Bitcoin Cash and why is there so much focus on Bitcoin’s first offshoot? To fully understand, it’s important to recognize the rationale for the Bitcoin Cash fork back in August of this year. It has ultimately been down to capacity issues, with Bitcoin transaction times having slowed for as long as 10 minutes. How to address capacity has been a battle between the miners and the core developers. For the core developers, the desire is to make the necessary improvements to Bitcoin, whilst looking to remove the concentration of the hashpower that sits with a handful of miners.
With neither side willing to concede, Bitcoin Cash was created through the hard fork. The weekend surge in Bitcoin Cash price and the increase of the hashpower came as mining for Bitcoin Cash became more profitable, the faster transaction times being the key. On Saturday, it was reportedly 69. The shift in hashpower and miner preference for Bitcoin Cash came as a result of the price spikes seen in Bitcoin’s offshoot.
Ultimately, those favoring Bitcoin cash are in favor of a payment-efficient Bitcoin version over the master cryptocurrency Bitcoin, but not the miners. Bitcoin’s superior hashrate and price recovery suggest that the market has decided to stick with the original Bitcoin and shift away from the hard forked alternative. From a mining perspective, the chicken and egg question in the cryptoworld is whether hashrate rises are followed by price gains, or whether price gains are followed by hashrate rises. If we look at the events over the weekend, there was a material shift in hashrates for Bitcoin Cash that resulted from a price spike. As a result of the price spike, Bitcoin’s price suffered and mining became less profitable, leading to smaller miners either turning off their mining operations or mining Bitcoin Cash.