Bitcoin Forum

In about 8.6 hours from right now, the Bitcoin Core chain will no longer be the longest.  Massive hash power is moving to the BCC chain.  fork.lol (http://fork.lol) 

What does this mean for Bitcoin Core?

Only 100 blocks remain before BCH is a longer chain than BTC!!!  That is crazy amount of hash power moving away from the Bitcoin Core chain.  Are you worried about this?

I heard rumors that the Antpool has dedicates some its resources into mining bitcoin cash now, Considering that the coin is in its infancy stages and that means its very profitable to mine may be the reason why lots of miners have started to mine this Alt Coin.

Besides a little more security on the BCH chain because of the hashrate, there is nothing to worry about. The longest chain means nothing.

The miners have equipment that allows them if you need to switch to mining other coins. What will users do? Therefore in our life there are no trifles, and when men rejoice that there are plugs I was not happy.

You fools keep repeating this lie.

Miners will move to whatever is more profitable to them, BCH still China coin with very little usage and very few nodes, also most active development and most experient developers are in Bitcoin Core.

Plus, there's another fork on the horizon and they are going to fork Bitcoin not Bitcoin Cash.

It means miners are speculating with a shitcoin trying to make more money, but they will be back to the real BTC chain.

In any case, even if they don't, it doesn't matter, contrary to popular belief, we are overprotected, we don't even need all that hashrate. I mean it's nice to have megagigaterapetahashes or whatever, but we have enough protection for anyone to even attempt any attack.

So if they want to put their hashrate into some shitcoin, then good looking for them, see how that plays out in the long term.

yeah i am very worried about this.
bitcoin is dead, last bitcoin block was #481,611
meanwhile last Litecoin block was #1,262,901
and it doesn't stop there, last Dogecoin block was #1,852,715
last Reddcoin block was also #1,859,193

bitcoin is the smallest coin ever because other chains are longer. very good way to measure things. we are in a dick measuring contest right? ;D

Since this is not a 51% attack on the blockchain with the original Bitcoin consensus rules, the longest chain does not matter at all.

Moron.  Keep drinking the Core Kool-aid like all your little uneducated friends who can only listen to the drum beat without ability to figure things out on their own.  Watch that BTC price cave into the BCH price over the next 30 days. 

I don't think longest chain is important when it comes to altcoins, these are two different coins now, Bitcoin and China coin.


Why do you think this will happen?

Have you sold all your bitcoins for chinacoins?

The BCH exchange rate is rising once again. Anyway, I am happy. I am owning almost equal amounts of both BTC and BCH. If one of them goes down and the other goes up, then I don't care. But I will be overjoyed if both of them goes up. 

Someone is fooling around with other coins. But btc is still the most reputable and prominent. Surely this change of heart isn't for forever and miners will come back

Yes, as soon as the BTC diff drops and the profitability comes back in line.

When the difficulty adjusts up on BCH, miners will come back to BTC. The fork has created a situation where we will keep seeing miners jump from one to the other.

You need to check this:

https://blockchain.info/unconfirmed-transactions

Right now around 76K transactions are in the queue to be confirmed. And for the past 48-hours, this number has been increasing without any drop. And check this one as well:

https://bitcoinfees.21.co

The minimum fee required for instant confirmation has risen to 360 Sat/Byte.

I have a pending BTC transfer from Bittrex to Coinbase that is now 3 hours old and still not verified. This leaves a fairly large window of risk where I am not able to liquidate the BTC. 3 hours is a long time in BTC price world. This is 2.5 times longer than my previous longest. The fee was quite substantial as well. Definitely got my attention.

What do you think those miners will do once they start poping BCC blocks? Hold them like bitcoins? They'll just dump it all for bitcoins crash the price and come back to business as usual.

Took long enough to get your attention.  Some people are a bit slower than others.  Soon, everyone will figure it out. 

These are just games being played by miners and big holders of BCH and BTC. They pump one and dump the other and come back to dump the other and pump the first, thus making lot of profits and making common man loss a lot of money in this pump dump game. the reason is we never know what is their current target and when they will back out of one in favor of the other.

yeah right, 12.5 bitcoin cash per block?  Have you seen the trading volume?  It is fucking HUGE compared to 12.5/ block.  Miners aren't going to crash anything.  


Just more and more of getting fucked by the man!!!



Just 5 more blocks and BCH passes BTC!!!!

No, not at all because BU noobs like you dont understand what economic value contains.

Bitmain and his mining cartel are the only one who's mining BCash China coin.

You're a punk ass little bitch. The world has plenty of obnoxious worthless  assholes like you that bring nothing to the game. Do the world a favor and blow your worthless fucking brains out. Do your parents as well, because you were clearly raised by a couple of retards.

Just the way you like it huh cumbelcher.

BCC is just another pump and dump coin, free money from the uninitiated traders. BCC barely has any mainstream adoption, has 0 innovation, basically came to life yesterday, apart from larger block size they haven't solved any blockchain issues. How do you think BCC miners will pay their operational expenses?

With money.  BCH mining is more profitable that BTC mining now.  Why do you think so much hash rate moved over so fast?  It is the money.  Big Money.

Well, thank you for letting us know about it. I'm wondering why it takes more time than the schedule, why segwit not activated yet? so this is because more hash rate moved to bch due to mine bch more profitable than btc? Lol, they just want to get more profits I guess, but it won't be delayed for so long and segwit be activated and more hashrate will return to bitcoin.

Yes it's money, money that you can only get if you dump this shit coin for bitcoins, otherwise it's just wasted hash power. It's just a bitcoin diff bypass, nothing else.

Yea, until everyone dumped ALL their free BCH on the ignorant "soon2be BCH bag holders". They will increase their spam

attacks and decrease their mining hash power until they get their way. The miners have now found a way to attack BTC and

at the same time, found a way to increase their "miners fee" earnings. You have to give them credit... they will do anything

for some extra profits. {even if they kill the cow that gives the milk}  >:(

So you have nothing more to say than a speculation about the price and you keep insulting people that are saying something against your opinion?
This is so poor, RawDog, but I never expected any education from you.

Can't blame the miners though, they'll just do what is most profitable, they're balls deep with tons of money, anything extra they can scrape is more than welcomed, it's pretty natural.

Time to deconstruct the incorrect information which the majority of people on this thread are giving.
Miners have to convert to fiat from Bitcoin to pay their electricity costs and other expenses.  Sure, they hold some, but it's important to sell a significant amount.  That doesn't crash the price and with BCH/BTC trading volume it's not particularly important.
BCH mining is currently significantly more profitable than BTC mining.  We'll find out how this changes after the next difficulty adjustment.
BCH and BTC blocks are aimed to be mined at the same rate (ten minutes).  While BCH blocks are being mined faster for now (as it's more profitable), this does not necessarily continue, and it's unlikely that it will be significant in a few weeks' time.  The BTC network is congested, which makes it Bittrex's responsibility to set an appropriate fee and get your transaction confirmed faster.  The hash rate on the BTC chain versus BCH chain is not what's stopping your transaction from being confirmed.
For SegWit to be activated, 95% of the blocks in a difficulty period (1916 out of 2016 blocks, this is approximately two weeks) have to signal for BIP 141.  This has happened.  After that happens, there is another 2016-block difficulty period as a "grace period" of sorts for old clients to upgrade, then SegWit activates.  

To be precise, SegWit will be activated at the end of this difficulty period (as of this post, 203 blocks from now).
In this scenario, he is objectively correct as the "longest chain" would only be caused by a sudden increase in hashrate on the BCH chain and not by more hashrate being on the BCH chain overall.  The longest chain in this situation doesn't say anything about which chain has more support.

If you can provide an argument opposing this without ad hominems, I'm listening.

481870   BTC.com   3 hours 11 minutes ago      206.4 kB


I wonder where all that hashrate went? harhar.

The boys are back in town:
https://blockchain.info/de/charts/hash-rate

No big deal, miners ll be bouncing between chains and keep adding more and more hash to their farms. All this current situation means is their current hardware became a bit more profitable and more money ll get into crypto. I do not see this as a negative event, dont think it can actually affect BTC confirmation speed.

some people seem to forget that the topics they create on a forum stays there forever and will act like a big stupidity declaration on their forehead forever.
the name KuakDuck is well known to everyone, we add Rawdog to the list today also.