Low volume everywhere okcoin and bithumb are trading over half of the volume with HitBTC doing a fair chunk in 3rd with the majority either going either from or most likely to fiat

Hope the sales are still on friday when I get paid could do with another topup

Thats not very secure everyone knows you should go at least up to 8 

Another just for fun miner breakdown

Using roughly last 50 blocks today
Looking at the total numbers there have been 7715 blocks found with 6051 by the current miners (78.43%) so the vast majority
The breakdown is how many found by each address and miner and the percentage of total
The discrepancies between total and last 50ish active are miners no longer active or not active within the last 50 blocks (such as pool hoppers etc)


Looking at the numbers the majority of the blocks have been found by the current active miners

Its going to be really interesting going forward till the end of the year with the china exchange news right now followed by the Bitcoin Gold hard fork in a couple of weeks if it happens then the Segwit2x hard fork in november if it happens

The coins are not really lost someone owns them and has the private key and it will be the intended recipient it all depends on the recipient and what they do with them

As for the ones that were sent to segwit addresses then yes they are locked up and never recoverable due to no segwit

I know what its about just wondering how many do things like this I read something like this a bit back where BCH users were sending to bitcoin segwit addresses because they are legal addresses on the BCH network

There's a bit about it on bitcoin.com but nothing major

https://news.bitcoin.com/markets-update-bitcoin-breaks-below-4000-during-12-sell-off/

And while I'm at it I wonder how widespread something like this is

https://news.bitcoin.com/sloppy-crypto-users-are-loosing-bcash-sending-to-bitcoin-wallets/

As safe as any exchange can be I guess very rare I trade so currently have 100% offline

The rumor has it that the Chinese exchanges will need to be government licenced which none are afaik so likely all will temporary close with only the larger ones gaining a licence

Anything can happen though I don't believe anything until it happens and even then I know what I hold is safe so when things recover I still have what I had before plus more

Most that will panic sell are the newbies that have never seen this before and the traders that will just buy back in

I've lost technically hundereds of thousands worth over the years with what I've sold I was checking my old wallets yesterday and the only one that had something in was from early 2013 and it was a grand total of 0.005something BTC I was gonna sent it with no fees but can't get any passwords to work lol good job it wasn't anything major that wallet at one point had around 10 BTC in it though bit was all sold mid/late 2013

It started going down last night (my time) not long after Charlie Lee posted something on twitter about the China exchange ban and having a trusted source I can't remember what it said but he deleted it very shortly after.

Could have been a coincidence though I've not long been up (it's still early ish in the morning here) so not had chance to see if anything else has happened or been confirmed

There are many reasons the main ones I can think of are
1. Change signature details to either include referral links or bitcoin addresses etc that will be applied to every post ever made
2. Use a members trust rating to scam other members in a bitcoin trade

To get down to #30 the price needs to drop to almost $14 and to get to #300 it would have to drop to ~$0.20 if it dropped right down to $50 as some have predicted (no names) then it would only drop to around #15 it would need to drop to ~$85 just to not be included within the top 10

Yes they both give contradicting information I am more inclined to believe fork.lol because they give the formula that they use for the calculation that you can easily verify I may even add this to my spreadsheet and graphs I have no idea how coin dance is worked out of what data sources are being used

The difficulty has nothing to do with the value it is to regulate the block generation time to a standard average of 10mins

The reason it matters is to the miners and what they earn when the difficulty goes up then the miners have to put more power (hashes/electricity) to solve the problem but the reward remains the same so effectively the miners earns less and the exact opposite happens when it goes down.

The difficulty is calculated using the last 2016 blocks that should equal 14 days (144 Blocks a day or 6 per hour average) so if blocks are found faster than this rate the difficulty goes up to slow the block generation down.

So far this period had found around 100 blocks averaging 7.5mins rather than 10mins or ~25% faster

Yes 13 Hours ago it was reduced making this more profitable compared to before but the profitability is still lacking behind the original chain by ~1%


At the current block generation time the next difficulty will be increasing by quite a bit though maybe as much as 30-40%

Maybe try filling a 50-100Kb block first because right now that's proving difficult

You will find it's more likely Jihan and co are against segwit and lightning taking fees away from the miners by keeping it all onchain they collect everything where with lighting the nodes get a very small cut of the off chain fee that could have been onchain and in the miners pockets

Bitmain etc are a for profit company their only goal is to maximise profits

How many companies do you know that think of ways they can reduce profits ?

This is the most stupid observation ever

1. Bitcoin typically has around 2000 transactions a block compared to BCH that is usually under 50 so yes the reward in USD will be higher as there are many many more transactions in the block

2. Bitcoin is currently around $4000 while BCH is around $500 so yes the reward in USD will be much much higher as the market value in USD is much much higher per sat

Now let's take a vastly higher transaction count and multiply it with a vastly higher valued coin and explain to be why it is so much higher  



It's like saying you have 1 BCH transaction with a $1000 fee is twice as good as 8000 BTC transactions each with a $0.25 fee

In the above example the BCH block would have a $1000 reward while the BTC would have a massive $2000 reward so clearly is less superior  

Now when block rewards fall to almost nothing and the miners have to rely on just tx fees which one will be the most attractive

high tx count with high market value = high profit
or
low tx count with low market value = low profit

Or course it is there will continue to be steep declines all weekend

Average market value is now 0.11843000 BTC so going down against BTC too

There also appears to be more segwit transactions happening on the BTC network compared to all the transactions of the whole BCH network