Bitcoin Cash Price Changed by 7.06 percent

As at 2019-08-11 average Bitcoin Cash price is 340.73239249 USD, 0.02980788 BTC, 1.57824772 ETH. It’s noteworthy that is issued into circulation …

As at 2019-08-11 average Bitcoin Cash price is 340.73239249 USD, 0.02980788 BTC, 1.57824772 ETH.

It’s noteworthy that is issued into circulation Bitcoin Cash.

Bitcoin Cash BCH/CNYT on BitAsset exchange is 340.87. The trading volume on BitAsset is 4821481.00.

At the same time Bitcoin Cash BCH/USDC on Birake exchange is 354.89. The trading volume on Birake is 14821.31.

Bitcoin Cash BCH/USD on Whitebit exchange is 340.58. The trading volume on Whitebit is 379728.00.

Bitcoin Cash BCH/USDT on Piexgo exchange is 339.93. The trading volume on Piexgo is 81924.00.

Bitcoin Cash BCH/USD on Exrates exchange is 340.56. The trading volume on Exrates is 5880985.00.

In this regard, 24 hour trading volume is 711596289.33026000 USD or 62251.71797080 BTC. At the same time Bitcoin Cash market capitalization is 6113458748 USD or $534816 BTC.

Bitcoin Cash average change within 24 hour is 7.06 against USD, 6.51 against BTC, 3.15 against ETH. Weekly report: 0.82 against USD, -3.35 against BTC, 3.5 against ETH. Monthly report: -3.4 against USD, -1.48 against BTC, 22.98 against ETH.

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Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

… algorithm has become a thriving industry that hasn’t stopped growing. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain …

A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing.

Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain

Bitcoin Mining Pools and ASICs Change the Game

Every waking second of the day, bitcoin miners are crunching numbers, humming away in facilities that few people who use the network have ever seen. Miners from large facilities who form giant pools stem from a variety of provinces around the world. In the early days up until 2010, individuals mined bitcoin with a central processing unit (CPU). This was until people like Laszlo Hanyecz, the man who traded 10,000 BTC for two pizzas, and Artforz mined the cryptocurrency with a graphics processing unit (GPU). Artforz was an anonymous individual but became the talk of the bitcoin community during the early days after he created the first “farm” of GPU miners. In July 2010, Artforz said he had about 4% of the global hashrate at the time, mining 1,700 coins in six days. Less than three months later, people claimed the anonymous individual’s “Artfarm” controlled between 20-30% of the network hashrate.

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
In September 2012, the second year of the nascent BTC network, the processing power was only around 10,000,000,000,000 (ten trillion) hashes per second (10 TH/s)

A year before Artforz fired up his GPU farm to mine bitcoin, Satoshi Nakamoto asked the community to slow down on the mining arms race in December 2009. “We should have a gentleman’s agreement to postpone the GPU arms race as long as we can for the good of the network. It’s much easier to get new users up to speed if they don’t have to worry about GPU drivers and compatibility. It’s nice how anyone with just a CPU can compete fairly equally right now,” Nakamoto said at the time. The GPU arms race sparked the creation of the first mining pools in November 2010, when Marek Palatinus, otherwise known as “Slush,” formed a pool (Slushpool) because “mining became very hard for other people” after GPU enabled computers entered the fray. With mining pools, a collective of individual miners sharing profits became all the rage, and the summer of 2011 saw the inception of field-programmable gate arrays (FPGAs).

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
The infamous Artforz was one of the first individuals to start a GPU mining farm called the “Artfarm,” which was estimated to control between 20-30% of the network hashrate in 2010.

As soon as FPGAs were created, many bitcoiners knew application-specific integrated circuits (abbreviated as ASIC) were on the way very soon. Unlike the machines used in the past, ASICs are integrated circuits that have one specific job, which is to mine the SHA-256 algorithm. ASICs and pools quickly turned bitcoin mining into an industry and hobbyist miners began to contribute less over the next few years. Moreover, mining bitcoin without an ASIC became unprofitable and the CPU, GPU and FPGA days quickly came to an end in 2013. Roughly around this time, Avalon released its first set of ASICs and bitcoiners witnessed the birth of companies like Bitmain, Kncminer, Hashfast, Bitfury, Cointerra, and Butterfly Labs (BFL). From here the mining ecosystem went into overdrive and digital currency fans saw giant mining pools like and Btcguild gathering 51% of BTC network’s mining power. Many of the mining manufacturers are now bankrupt but some companies like Bitmain, Bitfury, and Slushpool have remained relevant over the years.

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
The BTC network hashrate didn’t touch 1 exahash per second (EH/s) until January 2016.

The Exahash Era, SHA256 Between Two Chains and Pool Distribution

The BTC network’s hashrate did not surpass 1 exahash per second (EH/s) until January 25, 2016. A year later, after August 1, 2017, well known and unknown mining pools processed both BTC and BCH transactions that summer and still do to this day. In mid-November, during the crypto bull run of 2017, the BTC network processed 10.8 EH/s, while the BCH network was around 5 EH/s. Interestingly, when markets plummeted downward in 2018, SHA-256 hashrates continued to climb, seeing little downward pressure. This was the highest profile split in history where two chains with the same algorithms saw large mining pools jump back and forth between chains depending on profitability. Moreover, on November 15, 2018, when the BCH/BSV split occurred, miners from the BTC network stepped in during the hashwar. Additionally, after the BSV fork, both BTC and BCH chains saw a considerable drop in hashrate and price per coin. Both chains have been gradually increasing in value and gathering far more processing power in 2019.

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
BTC hashrate on August 11, 2019 – 75-80 EH/s.

Currently, between BTC and BCH, there’s a whopping 75-80 EH/s processing both chains, with 75 EH/s on BTC and 2.24 on the BCH network today. There’s no doubt 80 EH/s is a monumental milestone for the BTC network and the metric is steadily approaching 100 EH/s, which would be 20% of one zetahash. One zetahash per second (ZH/s) is an unfathomable 1,000,000,000,000,000,000,000 (one sextillion) hashes per second. After the November 2018 hashwar, the 4-5 EH/s of processing power split into two (BCH and BSV) and both chains saw a low of under 1 EH/s. The BCH chain has gradually seen an increase of hashpower and has gathered over 2 EH/s in recent months.

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
BCH hashrate on August 11, 2019 – 2+ EH/s.

During the second year of the nascent BTC network, the processing power was only around 10,000,000,000,000 (ten trillion) hashes per second (10 TH/s). Because the tech has improved a great deal, a single mining rig can produce over 10 TH/s these days. After the second year anniversary of the split in 2017, the BCH hashrate is thousands of times larger with the network’s maintained two quintillion hashes per second. The BCH chain has roughly 14-15 known miners and around 29% of the overall hashrate from unknown pools. There are 12 known miners processing BTC transactions at the moment and 14% of the mining power is controlled by unknown miners as well. Additionally, six well-known BTC mining pools also mine the BCH chain as there’s sustained hash dedicated to both networks at all times. The four largest BCH mining pools are, Antpool, Poolin, and is also the biggest pool mining on the BTC network followed by F2pool, Antpool, and Poolin.

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
BTC and BCH hashrate distribution on August 11, 2019.

2019 Mining Rigs and Next-Generation Semiconductors

In December 2018, during the crypto winter’s lowest of lows, only five SHA-256 mining rigs were profitable at the time. At an average electricity cost of $0.13 per kWh, machines that produced more than 28 TH/s profited at only $0.27 to $1.39 per day depending on the model. Now more than 40 mining devices on the market are profitable at 13 cents per kWh based on electric costs at current exchange rates. The top mining rigs profiting the most include a device by Microbt Whatsminer, and three models by Bitmain. The Microbt Whatsminer M20S (70TH/s) is profiting by $10.49 per day and the three newly manufactured Antminer S17 series (50-56 TH/s) can make a touch above $9 a day. Top mining manufacturers in the second half of 2019 include firms like Bitmain, Canaan, Ebang, Innosilicon, Strongu, and Microbt.

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
The top six most profitable SHA-256 mining rigs during the month of August 2019. (At an average electricity cost of $0.13 per kWh)

It will be interesting to see how the mining industry develops over the next 10 years. There’s a lot of money and electricity being used to mine SHA-256 coins and it doesn’t look like it will be slowing down anytime soon. Many of the aforementioned mining chip manufacturers above have made massive amounts of money and have become some of the largest IT companies in the world. Because of this, large mining firms like Canaan and Bitmain have filed for an initial public offering (IPO) in the U.S. Last December, the mining equipment maker Ebang filed a draft IPO prospectus with the Hong Kong Stock Exchange (HKEX).

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
Do you want to maximize your Bitcoin mining potential? Plug your own hardware into the world’s most profitable Bitcoin mining pool or get started without having to own hardware through one of our competitive Bitcoin cloud mining contracts.

Mining has also bolstered the International Technology Roadmap for Semiconductors by introducing machines that utilize the 7 nanometer (7nm) node design. Production of 256 Mbit SRAM semiconductors using a 7nm process started in 2017 in Taiwan. China-based mining manufacturers have deployed a variety of newer mining devices that use next-generation 7nm semiconductors. Bitmain has released more than five different miners in 2019 with 7nm chipsets stemming from the Taiwan Semiconductor Manufacturing Company (TSMC). Local reports in China have revealed that Bitmain recently placed an order for “30,000 7nm wafers from TSMC.”

Bitcoin Mining Industry's Exponential Growth Just Won't Stop
7nm semiconductors have bolstered the SHA-256 mining industry a great deal.

The Taiwan-based foundry also reportedly expanded capacity for 7nm wafers due to large orders from IT companies like Bitmain. SHA-256 mining rigs using the 7nm technology are producing hashrates between 30-70+ TH/s according to 2019 device specifications. If mining continues to be popular and there’s enough demand to improve the mining process and industry, spectators will see much faster machines in the next few years. For instance, TSMC has already announced a 6-nanometer (N6) process is in the works and the tech is scheduled for risk production in Q1 2020.

For now, the SHA-256 mining industry remains a lucrative business even though there’s been a number of failed operations along the way. The ecosystem has grown mature since the days of Butterfly Labs, Cointerra, and Hashfast. Instead of hearing about individuals commanding a lot of hashrate like Artforz, you now hear about giant size pools racing to find newly minted coins. It’s safe to say that the industry will continue to move at a breakneck pace and even the largest pools will have to remain vigilant in order to stay relevant.

What do you think about the SHA-256 mining industry in 2019? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned software, companies, mining manufacturers, mining devices, pools, and any of their affiliates. or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, company, software or service mentioned in this article. This editorial review is for informational purposes only.

Image credits: Shutterstock, Coin Dance,, Whatsminer, Bitmain, Innosilicon,, CG Miner 2012, and Pixabay.

Did you know you can earn BTC and BCH through Bitcoin Mining? If you already own hardware, connect it to our powerful Bitcoin mining pool. If not, you can easily get started through one of our flexible Bitcoin cloud mining contracts.

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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for about the disruptive protocols emerging today.

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Blockstream Has 3x The Hashpower of Entire Bitcoin Cash Network

Forbes writer Kyle Torpey reported that Blockstream, a crucial company in Bitcoin Core development, has been hosting Bitcoin miners at two facilities …

Image from Shutterstock.

Forbes writer Kyle Torpey reported that Blockstream, a crucial company in Bitcoin Core development, has been hosting Bitcoin miners at two facilities for quite some time.

Big Boy Mining

Top clients include Fidelity’s Center for Applied Technology (FCAT). Fidelity is a financial firm which increasingly throws itself into the blockchain industry.

Blockstream employs BetterHash, an improved mining management software by long-time Bitcoin developer Matt Corallo. Corallo plays another important role in Bitcoin development as the maintainer of Bitcoin’s Ubuntu repository. Interestingly, Corallo and Blockstream CSO recently had a spat on Twitter.

BetterHash has an important feature: it gives the miner of the block, rather than the mining pool, the power to choose what transactions are included in the Bitcoin blockchain. This greatly improves the “centralization” problem that Bitcoin mining faces. As Torpey put it:

“While Bitcoin mining is rather centralized in terms of mining pools, the picture looks much better in terms of the diversity of entities that are actually operating the hardware. Putting individual miners in control of transaction selection means collusion in terms of transaction censorship, blockchain reorganizations, or other types of 51% attacks on the network would be much more difficult.”

The issue of centralization is deeply important in cryptocurrency. The less centralized something is, the harder it is to shut down.

Blockstream’s currently open for new clients in their mining facilities, both of which are located in North America. One is in Canada and the other is in Adel, Georgia. Miners pay the company to have their equipment stored and managed.

Mining hosting is an industry racked by scandal, as CCN reported earlier this year.

Currently, the company maintains about 6 exahash of Bitcoin mining equipment, meaning that it effectively has around 300% of the hashpower represented on the entire Bitcoin Cash network. On Thursday, Bitcoin Cash had a total network hashpower of just over 2 exahash.

Bitcoin Cash and Bitcoin SV: Watch Out

So @Blockstream now controls more than enough hashrate to attack both $BCH and $BSV at the same time. 🙃

Can’t wait for more conspiracy theories!

— WhalePanda (@WhalePanda) August 8, 2019

At the absolute height of Bitcoin Cash mining, there was about 7.8 exahash.

Blockstream’s hashpower only accounts for a small amount of the total Bitcoin mining network at this point. Bitcoin added a great deal of hashpower recently, pushing its total network security to nearly 80 exahash.

Blockstream CSO Samson Mow told Forbes:

“[B]y leveraging the BetterHash protocol in our mining pool, all of our customers can run their own full-nodes and build block templates. This means the pool cannot use their hashrate for censoring transactions or falsely signaling readiness for Bitcoin protocol upgrades – which has happened in the past as with SegWit2x.”

Blockstream’s mining power is no joke, in short. Bitcoin Cash lost some of its most prominent miners when Bitcoin SV launched, and if a group of Blockstream’s clients wanted to, they could effectively take over the network with ease.

There are various ways Bitcoin Cash might choose to deal with this. One seemingly obvious possibility is to modify Bitcoin Cash’s hashing algorithm to make it incompatible with Bitcoin Core mining equipment. That idea has been floated for Bitcoin itself at various times when mining became centralized.

Are you an expert / CEO in the field of Crypto, Gaming, or Finance? We would like your contact details to get your comments on breaking topics. Please send your contact details to tips (at) with the following format: “Name, Title, Company, Industry, Phone Number.”

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Bitcoin Cash (BCH) risen to $320.59 during a day

Bitcoin Cash (BCH) had a good 24 hours as the cryptocurrency jumped $1.19 or 0.37% trading at $320.59. According to International Crypto Analysts, …

Bitcoin Cash (BCH) had a good 24 hours as the cryptocurrency jumped $1.19 or 0.37% trading at $320.59. According to International Crypto Analysts, Bitcoin Cash (BCH) eyes $352.65 target on the road to $802.97. BCH last traded at Coinbase exchange. It had high of $324.77 and low of $305.08 for August 10-11. The open was $319.40. About 112,986 BCH worth $35.48M traded hands.

Bitcoin Cash (BCH) is down -9.16% in the last 30 days from $352.93 per coin. Its up 9.49% in the last 100 days since when traded at $292.79 and the annual trend is up. 200 days ago BCH traded at $132.11. BCH has 17.94 million coins mined giving it $5.75 billion market cap. Bitcoin Cash maximum coins available are 21.00 million. BCH uses SHA-256 algorithm and PoW proof type. It was started on 01/08/2017.

Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.

Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer.

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Roger Ver, the CEO of assesses about Bitcoin and Lightning Network

Roger Ver is the current CEO of Two years prior, because of a hard fork of the Bitcoin protocol, Bitcoin Cash was launched.

Roger Ver is the current CEO of Two years prior, because of a hard fork of the Bitcoin protocol, Bitcoin Cash was launched. It was empowered to Bitcoin executives and the developers not approving to more prominent block size. From that point onwards, Roger has been the greatest critic of the Bitcoin network. While his remarks have a hit a string with the Bitcoin Cash group and may have lead to few laughable comments, Bitcoin supporters came back with smart reactions.

Bitcoin Cash has followers across the world in countries like Australia, Europe, and even India, where the experts have chosen the anti-bitcoin position. Ver accepts that individuals accepting involvement in Bitcoin Cash is higher when it is compared against Bitcoin.

We can read his Comment on the Lightning Network on his latest tweet,

My theory for why @jack is so irrationally hot for #LightningNetwork is because he has / had a romantic relationship with @starkness, the CEO of @lightning

— Roger Ver (@rogerkver) August 10, 2019

Furthermore, it is a well-known fact that Bitcoin Lightning Network is still in the testing stage and from the long-time, its launch has been postponed a few times. Nonetheless, an honest supporter of the Bitcoin Cash, Roger Ver chose to attack the technology because he accepts that the system has no prospects toward the beginning and the years to come.

Block size and scalability are the two most discussed topics for crypto lovers. Bitcoin intended to scale with an off-chain arrangement known as the Lightning Network (LN) however, and Bitcoin Cash defenders support an on-chain adaptable Bitcoin. Bitcoin Cash forked from the first Bitcoin network due to disparities with how to scale discrepancy.

Roger Ver, the greatest supporter of Bitcoin cash and a fork coin defender, has never been reticent about voicing his difference with Bitcoin group individuals and the layer two payment protocols over the Bitcoin blockchain. This remark comes when Lightning Network’s technology has seen developing reception, even among low key crypto-based move-outs. While the technology is still in its developmental stages, Lightning Network is viewed as an essential tool to increase the scalability of Bitcoin.

On the second level, Lightning Bitcoin Network Protocol needs to keep running over the Bitcoin blockchain to empower a quicker and cheaper transaction. This idea is not once talked about as a long term solution for the issues of adaptability of the primary cryptocurrency, which clearly shows that there is no faith and understanding, which is running out.

The Lightning Network is relied upon to help Bitcoin to reach the number of transactions, like a great many exchanges for each second, without clogging the leading network. Besides, the expectation is to process micropayments, which is something unachievable with the current bitcoin network.

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