There was only Bitcoin (BTC) to mine when cryptocurrency was initiated, but there are over hundreds of cryptocurrencies to mine in contemporary time. If you are a prospective cryptocurrency investor, you can’t take mining in every cryptocurrency as authentic and lucrative.
The cryptocurrency world is a sort of new thing which has not even completed a decade of its existence. Under this situation, there is a possibility that many new investors may be charmed with the glitter of crypto world but forget to locate the dark spots in this world. The crypto world is a turmoil and many investors still have queries about cryptocurrency mining. Bitcoin mining was extremely lucrative sometimes in the past but its feasibility is poor in the present due to its high price and high transaction fees.
Bitcoin mining is secured
People getting frustrated with Bitcoin look for more exciting potential in crypto mining. The miners’ and users’ vision for cryptocurrency is important but very few people have this tendency. Bitcoin is not a limitation but you can choose some other best coin to mine for your investment perspective but it will depend on maintaining the optimal level of security which was assured in Bitcoin mining. Bitcoin transaction is still secured but there are certain drawbacks attached to this transaction like speed and high costs.
Bitcoin vs Bitcoin Cash
Bitcoin Cash (BCH) was started by bitcoin miners as a fork currency with a concern to the effective scalability of Bitcoin. It is an alternative to Bitcoin, but Bitcoin Cash blockchain security is doubted. Bitcoin is highly secured and if problem of Bitcoin mining speed is resolved, it is unbeatable. There have been continuous efforts by technology experts to resolve this issue, but there is no surety how long it will take. The progress of BCH is still far behind BTC which is unparalleled cryptocurrency. Let’s wait and see the future of this coin.0