Bitcoin Forum

Bitcoin => Press => Topic started by: tyz on August 22, 2015, 12:07:39 PM



Title: [2015-08-22] Bitcoin XT Blocks are Being Mined on the Network Right now
Post by: tyz on August 22, 2015, 12:07:39 PM
While the discussion about Bitcoin Core vs. Bitcoin XT carries on across the world, various mining pools have already implemented the block size changes proposed by Bitcoin XT. Judging from the latest BlockTrail API statistics, multiple “XT” blocks have been mined on the Bitcoin network, all of which are 8 MB in size. Is this a sign of things to come, or just a flash in the pan?

http://bitcoinist.net/bitcoin-xt-blocks-mined-network-right-now/


Title: Re: [2015-08-22] Bitcoin XT Blocks are Being Mined on the Network Right now
Post by: TheRealSteve on August 22, 2015, 12:28:37 PM
While the discussion about Bitcoin Core vs. Bitcoin XT carries on across the world, various mining pools have already implemented the block size changes proposed by Bitcoin XT.
No.  A few P2Pool nodes and Slush's pool (as an option).  Maybe more, but so far only Slush's pool have produced blocks (3 of them so far) with the necessary block version in the header.

Judging from the latest BlockTrail API statistics, multiple “XT” blocks have been mined on the Bitcoin network, all of which are 8 MB in size. Is this a sign of things to come, or just a flash in the pan?
It's a sign of misinterpreting that page.  The ones labeled '8MB' at https://www.blocktrail.com/BTC are votes via the coinbase scriptSig, and should be considered at best a BIP100 type vote, and at worst just a sort of public statement that they'd be okay with 8MB blocks.

"A large portion of the Bitcoin mining community — roughly 75% — has shown indications of being in favor of switching to Bitcoin XT and 8MB blocks as of January 2016."
No.  They have shown indications of being in favor of 8MB blocks; some of which reluctantly.  Most of the Chinese pools (referenced further into that article) in fact have noted that they're not in favor of XT;
http://cointelegraph.com/news/114657/chinese-mining-pools-call-for-consensus-refuse-switch-to-bitcoin-xt

One recent statement from Antpool - https://twitter.com/JihanWu/status/633288343338381314 - notes that IF a majority has switched, they would switch to XT as well.  That's not a statement of support, but one of economic realities as they perceive them.

One would hope that a media outlet that focuses on Bitcoin would get these things correct.


Title: Re: [2015-08-22] Bitcoin XT Blocks are Being Mined on the Network Right now
Post by: Carlton Banks on August 22, 2015, 12:49:34 PM
One would hope that a media outlet that focuses on Bitcoin would get these things correct.

An outlet that buys advertisements with "liberty" focused websites, no less. I wonder what any new readership picked up that way thinks of this central planning style of blocksize solution that XT offers? You'd think they would prefer block sizes determined by the marketplace.

Are Bitcoinist.net really about liberty?


Title: Re: [2015-08-22] Bitcoin XT Blocks are Being Mined on the Network Right now
Post by: TraderTimm on August 22, 2015, 05:34:54 PM
I'd read about the Mike Hearn "fanboy" (his words) that thinks Mike's idea for Bitcoin XT isn't so great:

http://alexgorale.com/bitcoin-block-size-risk

Its becoming increasingly clear that this isn't about blocksize, and more about Mike's ego...


Title: Re: [2015-08-22] Bitcoin XT Blocks are Being Mined on the Network Right now
Post by: Kprawn on August 23, 2015, 08:44:10 AM
Chinese miners will never waste resources on mining a fork with no consensus future and strong western centralization motives and they have 50% of the mining power.

Outlets like this is being used to spread FUD because other platforms do not allow for that to happen. They should get their fact straightened out before it's allowed to go

for public scrutiny. This just discredit their platform and people will stop using it as a reliable source of Crypto currency information.  ::)