It is currently 71.2% more profitable to mine on the Bitcoin Cash blockchain. ╥Aztek That's the spirit celebrate because Bcash had for force 5 difficulty reductions pure incompetence all they had to do was come back a bit earlier and keep it stable but nope couldn't manage that and f##ked it up and overshot by a huge amount and now averaging 2.5min blocks By the time this period is over the Bcash chain will probably be a whole month infront not bad for only being 2 month old just a shame the reward will halve twice as fast and the miners will need to rely more heavily on fees which are non existent due to the blocks being way too big for the intended purpose You got to admit , that is one cute puppy. Bitcoin Cash will be fine, halving is a long ways away, and at least with it 8MB the miners will be able to survive off of transaction fees, when all of the money flows into segshit, how do you think the old 1 mb bitcrap miners are going to survive. There are going to leave the old 1 mb bitcrap in a death spiral if LN ever takes off once their mining rewards drop. ╥Aztek The miners get 100% of segwit transactions and if Roger Ver is to believed then Bcash is also getting a side chain Plus LN is not designed for big transactions it's for the small ones that are not feasible to be done on chain It's all about having a good balance |
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It is currently 71.2% more profitable to mine on the Bitcoin Cash blockchain.╥Aztek That's the spirit celebrate because Bcash had for force 5 difficulty reductions pure incompetence all they had to do was come back a bit earlier and keep it stable but nope couldn't manage that and f##ked it up and overshot by a huge amount and now averaging 2.5min blocks By the time this period is over the Bcash chain will probably be a whole month infront not bad for only being 2 month old just a shame the reward will halve twice as fast and the miners will need to rely more heavily on fees which are non existent due to the blocks being way too big for the intended purpose |
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I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin |
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Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
Yippie, vulture miners love hyper blocks.  Will be keeping a close eye on this. Wonder when the magical mystery miners will return. Have they thrown in the towel?  Edit:17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg just mined a block. They're here.  https://www.youtube.com/watch?v=CVC2vyVCWJIIf ive worked it out correctly (probably not but lets see how close I am) its gonna be about 6% difficulty of the BTC chain |
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From what I can tell its actually both a fork and a premine...  However the details have since been removed from their site, originally they explained it. Here is how I understand it. After the fork, everyone who holds BTC private keys gets their 1:1 BitcoinGPU (BTG). They are ALSO doing an ICO where they advance the blockchain manually (not sure how) 16,000 blocks, and keep the block rewards of 12.5 BTG/block = 200,000BTG. They will be selling the ICO at 1:10 BTC:BTG. Can anyone confirm or deny this? Sounds like huge shit show to me. but you never know. I don't think that will happen there is only supposed to be 1 week from fork to launch so there may be a few premine blocks but not many |
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Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
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Already posted but may have been buried in pointless chitchat same with this one https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users? The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"? Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC? Hm... hm... any guesses?   It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTC |
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Already posted but may have been buried in pointless chitchat same with this one https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks I am talking about us, the users, the bitcoin holders. If I have bitcoins at the moment of the fork then I have the new bitcoins too, so then naturally I want to have a functional respective wallet software to actually be able to use those new bitcoins. Most now just use light wallets yes I run a BTC core node but I don't use it I have a TREZOR the core node just sits listening to connections there is no active wallet on it When Bcash forked I just used electron cash I didn't care about a full wallet I just needed to sell same with most of these alts they are very low valued and don't justify running a full node. 1. (SELL) Use a light or hardware wallet 2. (SPLIT) Use a light or hardware wallet 3. (HOLD) Don't do anything but recommended to split 4. (TRADE) Most likely kept on an exchange Well I guess it depends on how many bitcoins you actually have. If it's next to nothing then all this is just a game to you, but if you have at least a million usd worth of bitcoins and your whole existence (and possibly of others, too) depends on it, then (again, if you have half a brain) you wouldn't even for a second think about using any light wallet or keeping it at an exchange or doing anything less secure than the best. Then you would keep all your devices encrypted, you would use multi-factor authentication and your main worry would be that you forget your very long and very hard to remember passwords because you of course weren't that stupid to write it down. Then even the "low valued" fork is worth enough to live off it for the rest of your life. Then if there is even a small chance that the new fork might replace the original bitcoin you wouldn't even for a second think about selling it. Then you would think and behave totally differently. I make sure my BTC are moved somewhere safe first and if you had $1m worth then you are stupid if you don't use a hardware wallet and have your recovery seed written down and saved somewhere highly secure and in a fire safe of similar. Plus if you had that much then running a full node won't be a problem but most users don't have that much or anywhere close to that |
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks I am talking about us, the users, the bitcoin holders. If I have bitcoins at the moment of the fork then I have the new bitcoins too, so then naturally I want to have a functional respective wallet software to actually be able to use those new bitcoins. Most now just use light wallets yes I run a BTC core node but I don't use it I have a TREZOR the core node just sits listening to connections there is no active wallet on it When Bcash forked I just used electron cash I didn't care about a full wallet I just needed to sell same with most of these alts they are very low valued and don't justify running a full node. 1. (SELL) Use a light or hardware wallet 2. (SPLIT) Use a light or hardware wallet 3. (HOLD) Don't do anything but recommended to split 4. (TRADE) Most likely kept on an exchange
Oh and I forgot - it's not actually 4x 150 GB but 8x 150 GB because, again, everybody with half a brain keeps a backup Sad
Why keep a backup no point back up your wallet yes fair enough but no need to back up the entire chain its not going anywhere the only advantage is quicker sync after a failure |
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks |
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Lol. But I do hope some of those bitcoin forks will really die, recompiling 4 different bitcoin software almost every day is not fun and forcing us to store 4 different blockchains (4x 150 GB) is basically criminal.
No need to store 4 just store the 1 that's all I do I have one core node (0.15.0.1) and that's it |
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Segwit2x is already dead? That's what various people keep saying about bitcoin. I guess somebody forgot to tell the segwit2x developers that their software is dead because they sure are working on their "dead" bitcoin relentlessly.
Yea they just don't know it yet |
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It means BCH is dying, market share is dwindling away, market cap is dropping, more and more companies are dropping support
Need to make place for the next "the best and the only real bitcoin" a.k.a. bitcoin gold, then bitcoin segwit2x, then whatever other nonsense pops up later. Not quite bitcoin gold is in a different league due to the hashing requirement it's not trying to replace bitcoin just bring it back to the GPU so everyone is able to mine but will still remain a tiny dot on the map and seg2x won't happen its already dead |
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No. It's a pure scam. Premined. Not a fork. Its a fork from the original BTC chain its no more pre mined than Bcash and guess who gets all the "premined" coins every BTC holder at a rate of 1:1 at the time of the fork |
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Cryptocurrency scam alert website Badbitcoin.org has removed popular news and information outlet Bitcoin.com from its ‘Safelist’ of trusted resources. In a surprising move seemingly stemming from CEO Roger Ver’s support of the upcoming SegWit2x hard fork, Badbitcoin tweeted Friday that a place on its Safelist was a “privilege.” “Inclusion in our safelist is a privilege (sic) that cannot be bought,” it wrote, suggesting it would also remove BitPay and Xapo. https://cointelegraph.com/news/naughty-bitcoincom-removed-from-safe-sites-list-over-segwit2x-threatThe move means Bitcoin.com lurks in a gray area in the eyes of the directory, which has existed since 2014 and is now widely known. A further deterioration could see Ver’s product listed on the same level as infamous quasi-scams such as OneCoin and MMM Global. What the hell is going on?  Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date. It means BCH is dying, market share is dwindling away, market cap is dropping, more and more companies are dropping support |
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Bitcoin cash will be the #1 coin to hedge for most people as the new (silly) fork takes place on bitcoin. This new fork is imo..dangerous for both bitcoin (seg1) and the new upcoming forked coin (seg2)... Bitcoin cash is safe from any technical issuses from the new fork.  I def wont be holding extra btc to gain free segwit2, as this time the risk(v high) vs reward(v low) is not worth it. I will be getting more Bitcoin cash Is this the latest line now I guess you have gave up on the bitkan will send it to the moon one I should keep a journal of all the predictions that have been said that will cause this to take over yea you should keep a journal lol, as i have made so many gd calls  This is crypto, events pass, new events start, cant live in the past... (you clearly have no idea how these events work.hint check out devcon1&2 dates, then check the charts to see when those events effected the price) For a coin thats 2months old and has its very own full-time dedicated troll , its doing really well So tell me...why are you here again?  I can go if you want let you talk to yourself |
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Bitcoin cash will be the #1 coin to hedge for most people as the new (silly) fork takes place on bitcoin. This new fork is imo..dangerous for both bitcoin (seg1) and the new upcoming forked coin (seg2)... Bitcoin cash is safe from any technical issuses from the new fork. I def wont be holding extra btc to gain free segwit2, as this time the risk(v high) vs reward(v low) is not worth it. I will be getting more Bitcoin cash Is this the latest line now I guess you have gave up on the bitkan will send it to the moon one I should keep a journal of all the predictions that have been said that will cause this to take over |
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Bitcoin cash will be the #1 coin to hedge for most people as the new (silly) fork takes place on bitcoin. This new fork is imo..dangerous for both bitcoin (seg1) and the new upcoming forked coin (seg2)... Bitcoin cash is safe from any technical issuses from the new fork. I def wont be holding extra btc to gain free segwit2, as this time the risk(v high) vs reward(v low) is not worth it. I will be getting more Bitcoin cash There is no risk unless you attempt to split you wont just suddenly loose all your funds if you do nothing and the 2x fork either won't happen or wont gain value and die. As you have seen the miners will not mine on a coin that is highly unprofitable and with no apparent value or support there will be little to no miners hence probably no or very few blocks the BTC1 team are not miners unlike BCH so have no way of supporting their own fork with hashing power especially if it starts at the same difficulty as the main chain and no way to fast track it down |
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Thanks to the poster above (which is obviously a disguised spam post  ) posting a really old quote made me curious to look back Having a read over the early posts where it was fairly active by quite a few members and now seems pretty dead also came across this post about the price percentage which is actually close to the peak of the price percentage if you don't count the 24h peak of the Korean pump to 20% Price is now almost 10% of BTC so yea loosing market value to BTC and has been almost consistently |
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