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. 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. 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. 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 min ..
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