As a promising fork of Bitcoin, BCX launched its mainnet and wallet successfully and open-sourced on GitHub. Exchanges will soon support deposit and withdrawal of BCX. If you are using Coinbase or Birfinex, you can ask exchange for your BCX airdrop.
One of the exciting news of BCX is that it supports blake2b GPU mining. This means everyone can mine BCX with their PC or even laptop, instead of professional and expensive mining machine. This is Satoshi Nakamoto’s vision, this can solve the centralized computing power problem of Bitcoin. According to wallstreetcn.com, China has the control of 75% computing power of the whole world, This is not what Satoshi Nakamoto want, and centralized blockchain loses its meaning.
Let's get back to the interesting part, How much money you can make by mining BCX?
Already 16800000 Bitcoin has been mined, which is 80% of the Bitcoin total supply, at the final stage, mining Bitcoin will become much more difficult with less reward. As an improvement, BCX has 210 Billion total supply which is enough catering the present and future mining needs.
professional Bitcoin mining equipment and the power rate is expensive, As for BCX, it just needs your personal computer to mine BCX, if you think you are crafty enough, you can even make your own mining machine by multiple GPU.
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Current reward for mining Bitcoin is 12.5 BTC, add transaction fees, it will give you about 14-17 Bitcoin, let's say the average amount is 15.5 BTC. Block interval is 10 minutes and 144 blocks can be generated per day. Bitcoin’s current price is about $11,000. Now we know the daily income of mining Bitcoin is:
15.5 BTC x 144 blocks x $11000=$24552000
Current reward for mining BCX is 25000 BCX, because of the low fees, reward per block is about 25000 BCX. Block interval 2 minutes gives us 720 blocks per day. Price is about $0.08.
25000 BCX x 720 Blocks x $0.08=$1440000
If we just comparing the numbers, you can find out that Bitcoin's reward is greater. But if real life, you have to take Bitcoin's difficulty and computing power into consideration, then you will find out mining Bitcoin is not that profitable.
Professional mining machine with 11000G computing power is about $3600 plus the $3 electricity cost per day. You can't even pay for the unless Bitcoin reaches 10-time fold in 2018.
As an up-and-coming fork, BCX is only in its early development stage. It's easy to mine, Reward per block is 25000 BCX x $0.08=$2000, isn't that attempting?
As for when you can mine BCX, if you are a pro, you can use the code from GitHub to build your own mining pool and application, or just wait for third-party of official mining pool.