Will BTC and BCH be halved at the same time? The former's computing power grows to narrow the latter's lead

According to cryptoslate reported on July 16, although the mining rate of bitcoin (BTC) and its forked currency bitcoin cash (BCH) initially differed, the increase in BTC computing power has been steadily narrowing the BCH mining lead. If the pace of the BTC continues to exceed the BCH, then the two cryptocurrencies are likely to be halved at the same time.


Image source: pixabay

BCH's initial mining speed is amazing, and bitcoin is far behind.

Since the fork in 2017, BCH has been trying to maintain its 10-minute block time inherited from Bitcoin. The goal of bifurcation is always to maintain the same level of difficulty and speed as the Bitcoin original chain. BCH developers have implemented several different algorithms to achieve this goal.

First, both the BTC and the BCH use the Difficulty Adjustment Algorithm (DAA), which adjusts the mining difficulty parameters every 2016 blocks. However, BCH began implementing another algorithm outside of DAA in 2017. The Emergency Difficulty Adjustment (EDA) is designed to reduce the difficulty of BCH mining by 20%, provided that fewer than six blocks are dug in 12 hours.

However, the introduction of EDA has caused serious problems for BCH mining, causing it to dig hundreds of thousands of blocks earlier than BTC. Even after the EDA was cancelled and the DAA changes were implemented, the difference in the number of blocks between the two still exists. The overall increase in block count, mining speed and computing power means that BCH is expected to be halved more than a month ahead of BTC.

The recent increase in BTC’s computing power means it may exceed BCH

Coinmetrics.io co-founder and partner of CastleIsland Ventures, Nic Carter, recently pointed out these issues in a series of tweets published on July 14. Carter said that BTC mining has lagged behind BCH. As early as November 2017, BCH dug more than 123,000 coins than BTC. One of the tweets wrote:

“Interesting fact: When BCH forks, the mining speed starts “too slow” and then “too fast”, and since EDA, its mining speed has lagged behind BTC. So BCH has dug 123,000 more than BTC. The coin, but the recent increase in BTC's computing power has narrowed BCH's lead to 73,000."

However, the increase in BTC computing power has narrowed this gap to 73,000 this month. Carter pointed out that the difference in the amount of money in each network can also be halved in the release schedule as "a few days in advance." Since 2017, the time gap between BCH and BTC production has been steadily narrowing, and BCH is currently only 41 days ahead.

Carter said that if the BTC continues to shrink the production gap of 239BTC every day and continue to maintain the power advantage, then BTC and BCH are likely to be halved at the same time.

Although this will only happen if the BTC's computing power keeps growing since 2017, even if the BCH “half the number of days in advance” is slightly reduced, it can show how slow the BTC network is growing.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


BTC search volume has climbed to a record high, and the mysterious netizen 4Chan's currency price forecast has to be realized?

According to Trustnodes.com's September 3 report, BTC's Google search volume suddenly jumped to its highest...


Overview of Bitcoin DeFi ecosystem projects

This article summarizes some Bitcoin DeFi concept projects


Binance Research's lengthy article: Bitcoin BRC-20 principles, current status, and future

BRC-20 tokens are the latest innovation from Ordinals Protocol and have taken over Crypto Twitter timelines in the ...


Bloomberg: BTC rebounds to boost futures market, Chicago Commodity Exchange has a record high transaction volume

Not long ago, the surge in bitcoin prices boosted the futures market, and the contracted volume of CME (Chicago Merca...


Glassnode Data Research: A Review of the "Crazy Week" of Bitcoin Scripting Outbreak

Author | Glassnode Wu said authorized reprint note: The article was published on May 15th, with some data lagging. Or...


Risks and Opportunities in the Bitcoin Ecosystem (Part 1)

Generally speaking, the value of assets in an ecosystem comes from two main sources: one is the consensus formed pure...