Bitcoin Forum

Hi All

Read on FB that a LOT of people made received FREE BCH from last hard fork, how was this achieved ?

I am looking to do so on the next hard fork if possible..

I ONLY mine BTC on Slushpool (130Th) and i am on one exchange (Kraken where i have invested in XRP long term)...

Can anyone advise please as i'm confused ?

Thanks in advance

Cheers

Just had an email explaining BCH/last hard fork and it states -

'What You Should Know About Bitcoin Cash                 

If you owned Bitcoin before the split on August 1st, then you also have an equal amount of Bitcoin Cash. Essentially, if you owned 1.5 BTC prior to the fork, you now also own 1.5 BCH. If your bitcoin was stored on a non-custodial wallet (like the Bitcoin.com wallet, for instance), you can access your BCH by using the same private keys. Most popular wallets have already or will soon upgrade to supporting BCH. Most Bitcoin wallets will let you export your private keys, which can be used to move your Bitcoin Cash into a BCH wallet. There are many tutorials on the subject of splitting your bitcoins, but please make sure it’s a trustworthy source. Bitcoin.com published a tutorial on how to do this, available here.

Wallets supporting Bitcoin Cash now include Electron Cash, Ledger Wallet, and Trezor, along with the Bitcoin ABC, Bitcoin Unlimited, Bitcoin Classic, and Bitcoin-XT full node clients. Other popular wallets like Jaxx, Bitgo, Breadwallet have stated they will provide full BCH support in the near future. Well-known exchanges supporting BCH include Bittrex, Kraken, ViaBTC, CEX.io, Huobi, Shapeshift, and many more! A full list of bitcoin exchanges and wallets that support the BCH ecosystem can be found on the Bitcoin Cash website.'


So if i have a wallet with 5 BTC i ALSO now have 5 BCH as well ?

So i have 'accumulated' 5 BCH in conjunction with my SAFE 5 BTC which i hold in an Electrum Wallet ??

That's the way i read it ? Am i correct ?

So do i have 5BCH that i could now claim in some way ???

Anyone help ?

Thanks
 

what about to use search? it's there like fifty times already ....

I have read up - following this -https://www.youtube.com/watch?v=XaRWNdRW9kE

136Gb to download the whole chain !!! I only have 60Gb free !!

It's easy. If you have a private key from an address that had BTC on them on August 1st, you'll alsho have BCH on that address.

I'm following the above guide and I am in the process of downloading the BCH Blockchain, what i am confused about is WHY you had the use the private key that was linked to the Electrum addresss ? Are the 2 ALWAYS linked ? Is that the full amount of addresses/keys Electrum has ?? I have obviously sinced closed Electrum BUT when i reopen it it will have a different address (dynamic)...Slightly confused as WHY i had that payout address/private key is so important ?? Hope it works !!!!! Cheers

I have my BTC address that Electrum generated when i first installed it over one year ago....Should i have used that and it's corresponding private key ?

Anyway 16 hours to go !!!!

HOPE it works !!!!! It's basically FREE money !!

I presumed when i first read posts that people were swapping their BTC for BCH ! Not accruing free BCH..

Thanks for reply

You need the private key in order to spend your bitcoins. Usually the client does it automatically, and you don't notice it.

However, when you are on a different pc or for whatever reason the private key is not on your pc, you can import it into your client.

Yea, i understand that, but i was questioning on HOW Electrum generates keys and addresses.

When i exported ALL my keys/addresses is there a finite amount ? And does each address correspond to each key forever ??

As you stated i needed a generated key before the first fork....

On the guide it stated to use the current one generated..

Eg, My private keys i exported will always be the same and will always be connected to the receiving addresses ?

Cheers

I think that whenever you instal Electrum, it generates an X amount of addresses.

Yes, each address corresponds to its own private key forever.

If you have BTC on it before August 1st, it'll have BCH.

Yes, the private keys you export will always be connected to the receiving address.

Thanks Josepht.

VERY much appreciated and cleared a question i have searched/asked numerous times...

What do do with my BCH now !!! I'm a BTC man....(plus a few rippke because i think at it's a good buy at current price).

Think i will keep until the next fork as i presume another spike.

Still downloading transactions !!

49% completed, 75,000 blocks to go, Est 2 days left, 1 year 19 weeks behind !

Knowing my luck i will run out of HDD at 99% !!!

Anyone tried this guide ?

https://blog.btc.com/how-to-recover-your-trapped-bitcoin-cash-from-other-wallets-24b929543f26

I am VERY weary of entering my seed !!

Cheers

Money makes money, hope you had good amount of btc in order to get some profit on bitcoin cash, if you got like 0,003 its nothing, people who had at least a few bitcoins are the real money makers, still hating that money makes money

I will make a GOOD amount mate...BLOODY taking ages !!!!!!

It's still on 40 weeks with 43,000 Blocks to download.....Back to 6 days ....

It was flying at the start ? It downloading ONE block approx every 30 secs...

Nightmare !