Bitcoin Forum

5 in last 3 hours, this feels slow?

21% increase in difficulty today, so many miners moved to shitcoin cash mining.

why such a jump in 1 day? did I miss something? How often does difficulty "update" / try to get back to 6 blocks/hour?

Difficulty adjustment with BTC is based on hashrate (block generation time) over last 2016 blocks (around 2 weeks). I'm sure we'll be back to normal when BCH adjusts its difficulty up in a day or two.

The problem with BCH is that for some reason, people still think it's worth something. As long as idiots are still buying it, it will still be worth something, and the miners will jump ship when Bitcoin difficulty changes. It's no big deal, it will shift back soon(tm)

So many transaction now against  people,  whales and bots.  This happened always during the major dumps and pump stages of BTC.  People are placing lots of sell and buy orders.

not really man this is BS..
real problem is EDA on BCH they mine 50 bloks a hour again for few days.
https://fork.lol/blocks/time

allwys when block time for BTC spikes up 1st thing you need check is EDA on BCH.
EDA costs investors but since price is not taking they don't care about inflation at all.

wow, 2016 blocks is quite a lag then for any updates?

It wasn't a problem until someone decided to fork BTC and used different rules for difficulty.

If BTC changes its rules to adapt, then the forked coin will change again, or someone else will do another fork. Wait, this has already happened !

I think the main reason is Bitcoin mining difficulty is increasing so miners changed to mine other altcoin and wait till the diff decrease. Beside I think the upcoming hard fork also affect to this case a little bit. If you want your transaction confirmed faster at this time I think you should increase the amount you pay for transaction fee.

Yes.  It helps to make sure it adjusts to the correct difficulty (if you did it over 5 blocks, the 5 blocks could take a lot longer or shorter than normal by chance).

Forks, through no fault of their own, can really harm the Nash equilibrium in BTC.  As soon as they're more profitable to mine, miners have the incentive to switch to them, which could potentially decrease BTC's security by drastically decreasing the hashrate.

So far nothing dangerous has happened, but hypothetically it could be really serious.

I see so this is the reason why some of my transactions are already stuck for hours.


Yeah definitely you're right it has value and worth for the miners now because there are people that are keep on buying it because they can still see some good profit with it but I have some feeling that it will be fine soon.