Bitcoin Forum

BCC wallet in exchanger is available for deposit and withdraw.
I am trying to send some BCC from HitBTC to Bittrex exhange.
I waited for 10 hours and until now some confirmations have not been completed. I want to ask: is it normal?  ???

Ive have done the same thing and for me its taken 18 hrs so far and 15/20 confirmations

Well it's not used by anyone except for bitmain lol. So even if you have confirmations is it really safe? The TX could always get reversed because they have all of the hashing power.

this is kind of strategy for stop the dumps. but they won't run from that dump.

Nope. It's because they have a very limited hash power but the BTC Difficulty. Now they are working on lowering the Difficulty with every block. So to be able to mine it easily and fasten the transactions.

Worry about this situation, some traders must have lost with this process. Maybe this is also a strategy for BCC does not happen drastic price decline.
The trader must be patient, and immediately discard the BCC.

BCC already had a drastic price decline, as seen in the graph below (source: https://coinmarketcap.com/currencies/bitcoin-cash/), after unexpectedly skyrocketing to around $1200 days ago.

https://i.gyazo.com/2a0c3070345ffcf6d5b118aabbe73b6f.png

The long transaction times is just because of BCC/BCH having low hashrate and high mining difficulty due to it being just recently forked as you may know, and also having alot less miner support compared to what BTC has. I suggest to just make the transaction and return after like 24-48 hours later. Hashrate as expected will slowly rise in the future.

yes it is normal. take a look at this: https://cash.coin.dance/blocks
from the time bitcoin cash split from bitcoin there has been 72 blocks on bitcoin cash and 495 blocks on bitcoin. it is because of two things: the high difficulty and low hashrate of BCC.
i am not sure how they have changed the difficulty adjustment but i believe it is only a one time thing which has already happened (reduced it 25%) but still was not enough. now BCC has to wait until the real difficulty adjustment is here on the 2016th block.

They will likely have between 10 and 20 blocks per day based on current hashrate and difficulty. After just under two months from Aug 1 the difficulty should reset to about one block every twenty minutes or so.

If additional miners start mining on the bch blockchain (which I would find likely) these numbers will adjust towards less time to a difficulty adjustment and more blocks per day.

This means this coin is as good as Dead. Having low hashrate with high mining difficulty would really give longer confirmation on transactions. I dont really expect this thing on Bch supposed to be that it should really have much faster confirmation than bitcoin but now it acts on the opposite way. There are already lot of complaints arising now regarding BCC transactions.

BCC transactions are very long because there is no huge volume of the miners who mines bcc and they are still into bitcoin because of the high price and because they are almost the same coin with different name and price so they will go into the original and i think we don't need to expect something special in bcc because it is just a copy cat coin.

Logically, if people find the confirmation longer a bit of hassle for sure they will stay out of it for the time being and go back to bitcoin again. But I don't think they will simply go away. They will put up a good fight but for me it will be just futile. Maybe along the way we will see it trading at ~$100 and few pump and dump to put some hype around it but that is the best effort they can mastered. People will stick to the old reliable bitcoin.

People would really stick up on those traditional things that they know and BCH would really just still end up an another altcoin in the market.Just like we do see on ETC and ETH. This BCH would really still stay but be traded on a lesser price just as expected. It wont  really be used the same as bitcoin but it would still be traded for profits purposes.

Sadly to know that this kind is being encountered in just after launching the coin. It makes me so confuse if I am going to invest or not especially transactions needs to be confirmed after the whole blocks completed. This will makes investor worry because traders or investors does not want to make transactions with low flow. They thought they can beat down bitcoin by launching this coin. The price totally goes down.

I have got a great idea, let's switch to bitcoin. Lols.

That's the best way to do safer transactions and even faster now a days. There is 2.6x rise in mining capacity and efficiency since the hard fork happened. This has led to faster transaction possibilities and some of them are even getting confirmed within ten minutes. Why take so much huddles and risk if you know every bit of bcc and its storyline.

I think that he's about how a transaction of BCC takes so long because he want to dump all of his coins, but damn, he missed the moment because of the very slow network.

Perhaps its because bcc is fairly new and have a lot of room for adjustments still. Most new altcoins probably would have this issue if they're accepted by exchanges. Give it time.

not surprising, just casued by only one mining poor accept BCC.

not they won't.
a new altcoin is starting from scratch and if it is PoW like bitcoin, the difficulty will be adjusted accordingly from scratch and based on the hashrate.
when BCC forked they forked from bitcoin so that chain had the same difficulty as bitcoin (very high) and with a low hashrate as others explained it takes a long time to find a block.

As per my understand, in today the difficult mining Bitcoin Cash has falldown and miner confirm the profit mining Bitcoin Cash just = a half profit of mining Bitcoin. So, if the price of Bitcoin Cash can't increasing in next time, not have many miner still continue mining it and make their blocks need long time for confirm!

As far from understanding your post, you meant BCC takes too long to confirm because there are not enough miners of bcc to confirm transaction and the price of BCC will be the one to detertmine how miners would mine BCC. For me this is just the 1st week of the release so its not yet valid to question any problems. Because obviously everything is still being fixed and there would be a certain date BCC and BTC could be once again stabled once all of this updates are 100% synced.

This is true as a sign that Bitcoin is still in demand, BCC is not very attractive to be mined. View now BTC is getting positive This is a positive effect. Back to altcoin else it is the most important. And re-collect BTC before it's too late.

I actually have never done transactions using BCC, however as I know beforehand that BCC is a place that has a far better deals than bitcoin. But I see from the case that you have right now is the possibility that problems that occur are on exchanger you use and does not cover the possibility that the miners also helps in handling the confirmation of BCC is very slightly so they have to work hard so that everything can be run better.
 

Now,it has become a coin whose price is declining and has more mining difficulties.So,it has almost got all qualities to be discarded.It seems that very few miners who supported BCC have also started mining BTC due to its ever increasing price.Its just a copy cat and nothing else special features in it.Even some of best altcoins monero,zcash which delivered special features like full anonymity unlike bitcoins have not been able to stand against bitcoin in the long run and it would be totally illogical to expect such shit coins BCC to perform well.

Thank you very much for providing information.
Your answer I respect.
The conclusion: now I understand why bcc transactions are so slow, that's because bcc hash power is low. Is that so?
I have been selling BCC a few days ago. And I got a loss by selling it at a low price.

Agreed, the profitability equation is starting to shift. It was 200%+ more profitable to mine BTC, but now its down to 75%. Once it flips and becomes more profitable to mine BCC then this will really start to gain.

https://cash.coin.dance/blocks

Will that affect the price of BitcoinCash to go as high as Bitcoin? I missed the dump at the first day of listing, but now I have sent all my BCC to Bittrex and I have placed sell orders a little above the current price. I am willing to cancel them if someone can convince me it is the wrong decision.

Please also explain how that went down to 75%, and should happen for it to be back to 200%.

The block times are still not stable, I've seen some very close blocks 10-15 minutes apart then the next could take 1 hour.
https://blockchair.com/bitcoin-cash/blocks (https://blockchair.com/bitcoin-cash/blocks)

for me only about 30 minutes,not so bad.

People are transferred they bitcoin cash to bittrex for dumping! I believe bitcoin cash developers has understood this and they are limiting the confirmation time in other to keep the price up. It is a best strategy for them. Op endure a little bit and your bittrex account will be credited.

It depends on the miners who support the blockchain of bcc, if there will be no supporter presence then the transactions will take a lot of time before it gets confirmation because it is not an automated blockchain and it still needs the presence of the miners. If you want a faster transactions then just stick with bitcoin.

The less miners currently is pushing the price up in a strange way. It cuts out the fresh supply of BCH and the current supply on the exchanges is pretty limited. Expect a push above $500 again IMO.

Some have waited 24 hours longer before they can see there coins move out of HitBtc me i got my coins 7 hours before any TX is posted and another 2 hours waiting to be cleared at mempool.

Think we might be beating that record today actually there is talk of miners dropping hashing power to manipulate difficulty levels today. Im still at 1 confirm over last 6 hours haha.

I got some with yobit and still haven't received 1 confirmation to withdrawal, been stuck pending for 36 hours and no comfirmations  :'(

How much fee did yobit put on? sounds like they haven't even broadcast the transaction yet by how you say it, if its in the network with correct fee then you would have confirms by now.

What do you expect from a shitcoin.
This cloning strategy wont take them to the moon. They are just fooling themselves on trying to mimic bitcoin. They better just make another coin. Maybe they can reach ETH in price if ever they will start now.  ;D

Yeah you may be right, I don't think its been broadcast. The first smaller withdrawal from them used .00092700 BCC

Yaa, it now has perhaps a bcc is still very new and it all led to just a few places that want to use the bcc, and miners are also still very little to support the operations of the transaction that there is in it. one of the things that cause it's all due to the tools used are the same as BTc but the results obtained are very bad, so this is the place that might give you a loss. But we don't just keep thinking, that the bcc will not give you an advantage. For if all plans have been going well, there is a great possibility that the bcc price will be very competitive with btc and btc also likely will be unbeatable.
 

I just tried my very first BCC transaction (out of Yobit exchange). I got 3 confirmations within just 1 hour (first confirmation after 45 minutes, second 2 minutes later, third 4 minutes later). Not so bad as I expected. Withdrawal fee was 0.01 BCC (~3$), that less than with bitcoin classic 0.0015 BTC (~6$).

Also bitcoin cash network hashrate growing steadily last few days:
https://bitinfocharts.com/comparison/bitcoin%20cash-hashrate.html

And block number already about one hundred per day:
https://blockchair.com/bitcoin-cash/blocks
https://cash.coin.dance/blocks

Probably soon bitcoin cash will provide faster and cheaper transactions.

yesterday i am has made a transaction coin BCC or BCH but my BCH is not into my wallet, i wait until 6 hours BCH goes into my wallet. it's very long time and I'm very annoyed.