Bitcoin Cash Disadvantage

[Munareal]

The cost of Bitcoin Cash mining is almost the same as mining Bitcoin While bitcoin price is higher than the Bitcoin cash by 10- 15%. This means that someone who mines Bitcoin Cash makes 50-60% less profit than someone mining Bitcoin with the same equipment.

Share your thought

[bdsharminsoltana]

One big problem is the centralization when it comes to development. It can lead to mistakes and bad decisions. For example if they really decide to move on to 8Mb blocks or even higher the average cost for the simplest node someone can use will definitely skyrocket. That means less nodes in the network something to lead to even more centralization with whatever consequences this brings.

[reshat]

It is evident that Bitcoin are considered to be one of the best things to invest on especially if it fully blooms in the years to come but you should still know the possible disadvantages you may get when you decide to invest on it such as the following:
It is still prone to getting hacked. Bitcoin is aware that hackers target their website every day and they are always working on improving their defenses but there is still no guarantee that your account will not be stolen in the future.
The price may fluctuate wildly. The price may be on its all-time high today but tomorrow is going to be a different story. You need to time exactly when you are going to sell to be sure about what you are going to get.
Some businesses do not thrive when they start offering Bitcoin to their customers. If you are a business owner, it may be best if you stay away from offering Bitcoin.

[simplex]

It is evident that Bitcoin are considered to be one of the best things to invest on especially if it fully blooms in the years to come but you should still know the possible disadvantages you may get when you decide to invest on it such as the following:It is still prone to getting hacked. Bitcoin is aware that hackers target their website every day and they are always working on improving their defenses but there is still no guarantee that your account will not be stolen in the future.
The price may fluctuate wildly. The price may be on its all-time high today but tomorrow is going to be a different story. You need to time exactly when you are going to sell to be sure about what you are going to get.

[Altcoinstalks User]

I think this is just normal since there are more supporters to the one who is first. Just like other cryptocurrency with their forks, ethereum monero zcash, and based on whattomine it seems profitable to mine the main branch of the fork than the forks.

[moonking]

The cost of Bitcoin Cash mining is almost the same as mining Bitcoin While bitcoin price is higher than the Bitcoin cash by 10- 15%. This means that someone who mines Bitcoin Cash makes 50-60% less profit than someone mining Bitcoin with the same equipment.

Share your thought

Most people don't mine anything, apparently even mining dogecoins require huge operations, otherwise it's just a fun hobby.  Just from using bitcoin cash here and there I didn't notice any disadvantage, and since it confirms fast, I'm assuming miners are not complaining.

[getto]

t is still prone to getting hacked. Bitcoin is aware that hackers target their website every day and they are always working on improving their defenses but there is still no guarantee that your account will not be stolen in the future.
The price may fluctuate wildly. The price may be on its all-time high today but tomorrow is going to be a different story. You need to time exactly when you are going to sell to be sure about what you are going to get.
Some businesses do not thrive when they start offering Bitcoin to their customers. If you are a business owner, it may be best if you stay away from offering Bitcoin.

[wellni]

i think the bch is originally born of btc, its both advantage and disadvantage, once btc success to solve its problems, then the miner will turn to btc, and its a critical strike to bch.

[yousufatik]

The main one is lack of acceptance that is most likely going to stay like this. Why would I want to keep that coin? I'm holding BTC not only because its value is rising, but because I see it becoming more popular. It has an established position on the market, a growing number of merchants accepting it, countries making laws regarding it... What does BCC have? A group of dedicated promoters and followers. Not a very large group when compared to other leading coins.

[meale]

The price may fluctuate wildly. The price may be on its all-time high today but tomorrow is going to be a different story. You need to time exactly when you are going to sell to be sure about what you are going to get.

[kent47400]

I think Bitcoin will still be an option for miners.
Because the value is so high, I make sure when it's finished mining the planners get higher Bitcoin than Bitcoin Cash.