i can't believe the developer was dumb enough not to see this coming. miners will game whatever they can get their hands on. they're crapping all over its credibility.
btc block time is returning to normal despite profitability being pretty similar.
and if there's a halving for a coin that's supposed to have tiny fees that's not gonna help its sustainability.
they should've done some more theorising and testing. there wasn't any hurry.
I can see some BTC miners donating a small amount of hashing power to make sure that the minimum amount of blocks required are generated to stop this from happening |
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At the rate this is going there will be another difficulty adjust in a few days making this unprofitable again but dont worry Jihan will call his miners off to force it down again just keep repeating that winning formula
Look at the chart, if this keeps up, the hash will spend more time in the BCC pools over time no? It will yes and will cause the BTC difficulty to slowly drop too and providing the value stays around the current ratio means that BCH needs to drop lower and lower until it will get to the point it can be easily attacked |
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At the rate this is going there will be another difficulty adjust in a few days making this unprofitable again but dont worry Jihan will call his miners off to force it down again just keep repeating that winning formula
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12 more hours before SHTF for segwitcoin  Why 12 Hours ? ..sheeet its 3hours lololol fuck ....dump that shit asap, its gona crash hard as fk lol no one is supporting core clowns , the ame is over for them. The way they disrespect all of us..from satoshi to the miners to the users...no way will i give them my hard earned funds. btw tek are you wanting 2mb seg2x? No I'm against 2x and satoshi said bitcoin was to be trustless and yet you are here trying to pump up something that is pretty much 100% trusted to a single entity yes there are a few pools but they are all under the control of Jihan and as soon as the difficulty adjusted the miners didn't even think twice about leaving. You just hope they come back but one day they may not There is no loyalty like core has you are just running code written by core and its core that have put many many hours into this and made it what it is today and that is the reason core is so trusted |
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12 more hours before SHTF for segwitcoin Why 12 Hours ? |
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Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force  Easy manipulating this to their benefit and none of you seem to take issues with that ? I find it telling that this is what you offer instead of offering a position... is this the BTC sub-forum? Have you considered that the miners perhaps could actually believe in the blockchain and can see as clearly as you have pointed out and knowing how the difficulty works are acting on their own accord, in unison, for the benefit of the chain? Does it scare me that people who might share a vision are working towards that? Is this your question? So every miner in the entire world all came to the same decision at the same time What's to say the user's won't get sick of this yo-yo effect and just start dumping making this worthless and the miners just give up for good you don't know what there thinking. How would you feel going to the bank to get some money and they turned round and said sorry we are withholding all withdrawals because the interest rates are down that's essentially what there doing holding your money because they don't want to mine just yet |
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Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force Easy manipulating this to their benefit and none of you seem to take issues with that ? |
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"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.
And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."If true, that explains a lot of things!  Thanks for sharing those links. I've never read so much bullshit in my life I take it you have read the source code ? And fully understand it |
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How many BCH do you think Coinbase is holding? Do you think the price will drop once all of these coins are released in Jan?
I think the price will change very little nobody knows I expect the 2x fork to affect the price of this more in November I would worry about this first |
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Hey Guys, Why did Bitcoin Cash difficulty increased about X 4 times in ~24 hours? Bug or something else?  It's "Error by design" which got abused by miners to mine by far more BCH blocks than they should (started parallel to the heavy pump of BCH via KRW/BCH pairing), now after some days the diff adjustment kicked in and the miners leave again as it's no longer profitable to mine BCH. As per current hash rate in 2 weeks and 2 days the diff will go down again and most likely the miners will come back to abuse that "feature" to make a lot of money in short time Just look e.g. at POW / Regarget, POW / Hashrate, Blocks / Blocks/hr, Reward / Opportunity costs, ... at http://fork.lol I don't think you will see a swing like this again unless the miners drop off and cause another emergency drop you will most likely find in the next 2 to 3 weeks a small drop and eventually everything even out relative to the price ratio Now what would be bad is if the koreans suddenly stopped buying this and possibly selling off what they have for another coin |
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Hey Guys, Why did Bitcoin Cash difficulty increased about X 4 times in ~24 hours? Bug or something else? No just normal difficulty adjust the miners manipulated it to make it incredibly low and profitable and then the normal difficulty adjust put it up It should have gone up over 5x but its capped at a maximum of 4x |
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https://www.coindesk.com/bitcoins-battle-segwit2x-begun/* In response to Rogers, some bitcoin users responded with a chorus that is likely to only grow louder as November nears, one that stresses the idea that a software upgrade put forward by businesses amounts to a kind of hostile takeover. Hinting at the heart of the argument, one Twitter user said: "If a group of CEOs can simply get together and unilaterally change bitcoin, then that means a government could – and hence bitcoin is dead."
this is what i mean. This is over BTC1 hard fork and this being recommend over Bitcoin Core This is no different to you pushing BCH as a the new improved bitcoin where this is not bitcoin and Jihan Wu has also publicly stated this is not bitcoin yea i know, and it is different...the segwit devs ,blockstream are controlling and changing the ecosystem of bitcoin. forget what jihan who says lol , he may have said stuff which is not as clear as what he meant...who knows. if bitcoin was to upgrade, the dev said remove the 1mb cap with hardfork. anyways, ive placed lots of buys all over the place on bch and lots of sells on segwitcoin,lol its been a long day....when i wake up lets see what happens  At least you managed to take 3rd place again and told you that BCH will drop to 4th |
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https://www.coindesk.com/bitcoins-battle-segwit2x-begun/* In response to Rogers, some bitcoin users responded with a chorus that is likely to only grow louder as November nears, one that stresses the idea that a software upgrade put forward by businesses amounts to a kind of hostile takeover. Hinting at the heart of the argument, one Twitter user said: "If a group of CEOs can simply get together and unilaterally change bitcoin, then that means a government could – and hence bitcoin is dead."
this is what i mean. This is over BTC1 hard fork and this being recommend over Bitcoin Core This is no different to you pushing BCH as a the new improved bitcoin where this is not bitcoin and Jihan Wu has also publicly stated this is not bitcoin |
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^ nothing is clear for tek.  Makes no difference to me but some other newer users may take it the wrong way tek...your actually smarter than you let on....and you dont collect beans lol i hope you stay here for a long time, but when you give us stats on how much loss it is for bcc miners...could you also begin to post the profits when they happen. Just a bit more equal honest treatment for both coins...and ill try do the same(afiak i have been lol)...we may have a few hiccups at the start, but im sure we will get there lol as long as we are trying to learn and earn its all gd..isnt it? I'll take that as a compliment I think lol and no I'm not going anywhere like I've said I've been around this space a very long time since around 2012 I've seen lots come and go exchanges, scans and all that I've seen mining pools physically stop new users because they was getting too big and taking too large a percentage of blocks I was with BTC guild at the time and I think they forced new users to mine elsewhere purely for security because this is supposed to be trustless and as soon as ANY miner gains over 50% then you are effectively trusting that miner I know you bash on as you call it segwitcoin and LN but it's all totally optional you CAN keep your legacy wallet with its signatures in the block just as it has always been and guess what this is what I recommend to do for your offline cold storage (savings account) then for everyday "normal use" like your normal bank account use a segwit enabled address as for LN this can be used for smaller everyday purchases and micro transactions or use like PayPal where it's almost accepted everywhere just better Segwit has been running on litecoin now for a long time with no issues there is a litecoin wallet with $1mil bounty locked up in for anyone to claim and guess what no one has managed to crack it and I'm guessing many have tried |
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^ nothing is clear for tek. Makes no difference to me but some other newer users may take it the wrong way |
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Here we go, even with Cash being > 100% more difficult to mine, it is experiencing a nice bump as we approach this. You do realise that this does not reflect real time wait 12-24 hours Which part does not reflect real-time? The link you posted this bit should give it away "Absolute hashrate in exahashes per second (24h averages)" Since the difficulty adjust has only just happened then the graph is skewed by the last 20 hours at the stupidly low difficulty You said it does not reflect real time but it does, a real time avg of the last 24hrs... the graph is not skewed, it shows exactly what is claimed. Yes and the way you was making it look was that now that bitcoin is over 100% more profitable that the mining power was staying but thats incorrect because the graph is using the last 24h worth of blocks and the difficulty only just adjusted so the vast majority of the data used to give these stats was mined when the difficulty was stupidly low Also since then the only blocks being found are by Antpool, ViaBTC, BTC.com (Jihan Wu is to do with all of these and the unknown miner which is also most likely bitmain owned) |
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Here we go, even with Cash being > 100% more difficult to mine, it is experiencing a nice bump as we approach this. You do realise that this does not reflect real time wait 12-24 hours Which part does not reflect real-time? The link you posted this bit should give it away "Absolute hashrate in exahashes per second (24h averages)" Since the difficulty adjust has only just happened then the graph is skewed by the last 20 hours at the stupidly low difficulty |
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Here we go, even with Cash being > 100% more difficult to mine, it is experiencing a nice bump as we approach this. You do realise that this does not reflect real time wait 12-24 hours |
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LOL now minners come back to mine bitcoin , bcc block become slower again
Have you noticed BATPOOL & BTCtop are signalling for segwit on this thing lol |
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Could we see this down to 4th place on coinmarket cap very very soon
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