{"id":540947,"date":"2023-07-03T21:00:34","date_gmt":"2023-07-03T21:00:34","guid":{"rendered":"https:\/\/wncen.com\/?p=540947"},"modified":"2023-07-03T16:23:55","modified_gmt":"2023-07-03T16:23:55","slug":"bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/","title":{"rendered":"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200% this month after being listed on EDX Markets, a new exchange backed by major institutions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Trading also spiked on Upbit, a major Korean exchange. This led to a significant increase in the total hash rate and mining difficulty as miners migrated to the blockchain to chase profits.\u00a0<\/span><\/p>\n<h2>Bitcoin Cash Hash Rate Reaches Highest In Two Years<\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.coinwarz.com\/mining\/bitcoincash\/difficulty-chart#:~:text=Current%20BitcoinCash%20Difficulty,in%20the%20last%2024%20hours.\" rel=\"nofollow\"><span style=\"font-weight: 400\">data <\/span><\/a><span style=\"font-weight: 400\">from CoinWarz, the BCH <\/span><a href=\"https:\/\/www.coinwarz.com\/mining\/bitcoincash\/hashrate-chart\/2023\" rel=\"nofollow\"><span style=\"font-weight: 400\">hash rate<\/span><\/a><span style=\"font-weight: 400\"> jumped to over 5.45 EH\/s in the closing hours of June, reaching its highest point in over two years. The increased hash power means the BCH network has become increasingly secure as miners move to the blockchain. Mining difficulty also followed suit, jumping to 494.8 G in less than a day.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/litecoin\/historical-litecoin-bearish-signal-correction-incoming\/?swcfpc=1\">Historical Litecoin Bearish Signal Goes Off, Correction Incoming?<\/a><\/div>\n<p><span style=\"font-weight: 400\">While frequent difficulty adjustments can impact mining profits in the short run, the heightened interest in mining Bitcoin Cash is a good sign for the network.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-540950 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-03-at-17.17.40.png?resize=460%2C305\" alt=\"Bitcoin Cash (BCH) Mining Difficulty\" width=\"460\" height=\"305\"><\/p>\n<pre style=\"text-align: center\">BCH mining difficulty touches two-year highs | Source: CoinWarz<\/pre>\n<p><span style=\"font-weight: 400\">The rally in Bitcoin Cash\u2019s price and mining metrics has put pressure on those short-selling BCH futures contracts. The total amount of money lost on BCH-tracked futures shorts and longs combined was over $25 million, which is the largest in over two years.\u00a0<\/span><\/p>\n<p>All of this comes ahead of the Bitcoin Cash Halving, an <a href=\"https:\/\/www.bitdegree.org\/halving\/bitcoin-cash-halving#:~:text=The%20next%20Bitcoin%20Cash%20halving%20is%20estimated%20to%20occur%20in,at%20our%20countdown%20tool%20above.\" rel=\"nofollow\">event<\/a> that is expected to happen in May 2024, cutting block rewards in half. The rapid rise in mining difficulty and hash rate could be linked to this. However, given that it is almost a year away, it is more likely that the altcoin&#8217;s recovery and price movements over the last week are the culprit.<\/p>\n<h2>BCH Price Action<\/h2>\n<p><span style=\"font-weight: 400\">The future price outlook for Bitcoin Cash remains highly uncertain, given that the current rally came as a surprise to many investors. The next several weeks will be extremely important in determining whether or not this rally has sufficient energy to drive Bitcoin Cash to new highs in 2023 or whether or not it fizzles\u00a0out.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/EPZj4ARv\/\" alt=\"Bitcoin Cash (BCH) price chart from TradingView.com\" width=\"2884\" height=\"1610\"><\/p>\n<pre style=\"text-align: center\">BCH holds steady at $288 | Source:<a href=\"http:\/\/TradingView.com\" rel=\"nofollow\"> BCHUSDT on TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">Currently, BCH seems overbought from various indicators like the Relative Strength Index. Overbought means an extended price move to the upside. Price action seems to have become calm, as the cryptocurrency is now facing rejection around $300.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/shiba-inu-leads-with-highest-number-of-fake-twitter-followers-data-reveals\/?swcfpc=1\">Shiba Inu Leads With Highest Number of Fake Twitter Followers, Data Reveals<\/a><\/div>\n<p><span style=\"font-weight: 400\">The 50-day and 200-day MAs seem to suggest that the price increases may continue. However, if the current momentum stalls and BCH faces a strong rejection, the BCH price could erase most of its recent gains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">BCH is now trading at $288 and is down 1.31% in the past 24 hours. BCH\u2019s price rise saw its market cap jump to over 5.58 billion, making it the 14th-largest cryptocurrency in the space.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Finbold, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200% this month after being listed on EDX Markets, a new exchange backed by major institutions.\u00a0 Trading also spiked on Upbit, a major Korean exchange. This led to a significant increase in the total hash rate and mining difficulty as miners migrated to the blockchain to chase profits.\u00a0 Bitcoin Cash Hash Rate Reaches Highest In Two Years According to data from CoinWarz, the BCH hash rate jumped to over 5.45 EH\/s in the closing hours of June, reaching its highest point in over two years. The increased hash power means the BCH network has become increasingly secure as miners move to the blockchain. Mining difficulty also followed suit, jumping to 494.8 G in less than a day.\u00a0 Related Reading: Historical Litecoin Bearish Signal Goes Off, Correction Incoming? While frequent difficulty adjustments can impact mining profits in the short run, the heightened interest in mining Bitcoin Cash is a good sign for the network. BCH mining difficulty touches two-year highs | Source: CoinWarz The rally in Bitcoin Cash\u2019s price and mining metrics has put pressure on those short-selling BCH futures contracts. The total amount of money lost on BCH-tracked futures shorts and longs combined was over $25 million, which is the largest in over two years.\u00a0 All of this comes ahead of the Bitcoin Cash Halving, an event that is expected to happen in May 2024, cutting block rewards in half. The rapid rise in mining difficulty and hash rate could be linked to this. However, given that it is almost a year away, it is more likely that the altcoin&#8217;s recovery and price movements over the last week are the culprit. BCH Price Action The future price outlook for Bitcoin Cash remains highly uncertain, given that the current rally came as a surprise to many investors. The next several weeks will be extremely important in determining whether or not this rally has sufficient energy to drive Bitcoin Cash to new highs in 2023 or whether or not it fizzles\u00a0out.\u00a0 BCH holds steady at $288 | Source: BCHUSDT on TradingView.com Currently, BCH seems overbought from various indicators like the Relative Strength Index. Overbought means an extended price move to the upside. Price action seems to have become calm, as the cryptocurrency is now facing rejection around $300.\u00a0 Related Reading: Shiba Inu Leads With Highest Number of Fake Twitter Followers, Data Reveals The 50-day and 200-day MAs seem to suggest that the price increases may continue. However, if the current momentum stalls and BCH faces a strong rejection, the BCH price could erase most of its recent gains.\u00a0 BCH is now trading at $288 and is down 1.31% in the past 24 hours. BCH\u2019s price rise saw its market cap jump to over 5.58 billion, making it the 14th-largest cryptocurrency in the space. Featured image from Finbold, chart from TradingView.com<\/p>\n","protected":false},"author":594,"featured_media":540952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16895],"tags":[10765,88551,88552,10777,79646,10736],"class_list":["post-540947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-cash","tag-bch","tag-bch-mining","tag-bch-mining-difficulty","tag-bchusd","tag-bchusdt","tag-bitcoin-cash"],"acf":[],"yoast_head":"\n<title>Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-03T21:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-03T16:23:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"682\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits\",\"datePublished\":\"2023-07-03T21:00:34+00:00\",\"dateModified\":\"2023-07-03T16:23:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/\"},\"wordCount\":478,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682\",\"keywords\":[\"BCH\",\"BCH mining\",\"BCH mining difficulty\",\"BCHUSD\",\"BCHUSDT\",\"Bitcoin Cash\"],\"articleSection\":[\"Bitcoin Cash\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/\",\"name\":\"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682\",\"datePublished\":\"2023-07-03T21:00:34+00:00\",\"dateModified\":\"2023-07-03T16:23:55+00:00\",\"description\":\"Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200%\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682\",\"width\":1024,\"height\":682,\"caption\":\"Bitcoin Cash (BCH)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/wncen.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits","description":"Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200%","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits","og_description":"Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200%","og_url":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-07-03T21:00:34+00:00","article_modified_time":"2023-07-03T16:23:55+00:00","og_image":[{"width":1024,"height":682,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits","datePublished":"2023-07-03T21:00:34+00:00","dateModified":"2023-07-03T16:23:55+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/"},"wordCount":478,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682","keywords":["BCH","BCH mining","BCH mining difficulty","BCHUSD","BCHUSDT","Bitcoin Cash"],"articleSection":["Bitcoin Cash"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/","url":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/","name":"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682","datePublished":"2023-07-03T21:00:34+00:00","dateModified":"2023-07-03T16:23:55+00:00","description":"Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200%","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682","width":1024,"height":682,"caption":"Bitcoin Cash (BCH)"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits","url":"http:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-cash\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682"},"articleSection":"Bitcoin Cash","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bch","bch mining","bch mining difficulty","bchusd","bchusdt","bitcoin cash"],"dateCreated":"2023-07-03T21:00:34Z","datePublished":"2023-07-03T21:00:34Z","dateModified":"2023-07-03T21:00:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Cash Hashrate, Mining Difficulty Skyrockets As Miners Chase BCH Profits\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cash\\\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cash\\\/bitcoin-cash-hashrate-mining-difficulty-skyrockets-as-miners-chase-bch-profits\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Bitcoin-Cash.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Bitcoin-Cash.jpeg?fit=1024%2C682\"},\"articleSection\":\"Bitcoin Cash\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bch\",\"bch mining\",\"bch mining difficulty\",\"bchusd\",\"bchusdt\",\"bitcoin cash\"],\"dateCreated\":\"2023-07-03T21:00:34Z\",\"datePublished\":\"2023-07-03T21:00:34Z\",\"dateModified\":\"2023-07-03T21:00:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash.jpeg?fit=1024%2C682","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540947"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=540947"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/540952"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=540947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=540947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=540947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}