You can add mining Bitcoin Cash (BCH) to the list of your potential additional revenue sources, but this should also be done with caution as it poses a few risks. Some of the reasons why one would want to invest in the mining of BCH include:
- Profit potential: just like any other cryptocurrencies, the value of BCH increases over time; therefore, if the price of BCH rises, then the profits from mining can grow proportionally.
- Centralization: BCH is a form of decentralized cryptocurrency that is free from control by a central authority; it operates in such a way that it cannot be censored or controlled by the government.
- Diversification: The temptation to include BCH mining as an option in your investment portfolio might be a good idea.
- Network security: You can help with network security and transaction validation by mining the BCH network.
But, this market is highly sensitive to sharp changes in value. So, beforehand investing in mining BCH, a person should carefully evaluate the risks associated with this activity and possess reasonable skills in technologies and understanding of the market. Moreover, it is advisable for an investor to either request some advice from an advisor or do research and decide on their own before investing.