Any ideas how to best prepare for the next fork (which will probably be our own)?
Pls don't say Litecoin.
Just move your coins to addresses where you control the private keys and hope it gets sorted out. If neither Core nor btc1 are going to do adequate replay protection, it might get really messy. However, BU has been around for quite some time, and someone could have attempted a hard fork with that software, but no one did. Let's hope that no one will dare execute btc1 hard fork, and we will just have to deal with the scaling squabble for many months, if not years to come. BU was most of the time below 40% hashrate. Segwit2x is over 90%. Just because they signaled it doesn't mean they are actually going to run the software when the time comes to pick sidea. I don't even believe many were running btc1 to enforce BIP91. Everyone just went along. Thank goodness. |
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Any ideas how to best prepare for the next fork (which will probably be our own)?
Pls don't say Litecoin.
Just move your coins to addresses where you control the private keys and hope it gets sorted out. If neither Core nor btc1 are going to do adequate replay protection, it might get really messy. However, BU has been around for quite some time, and someone could have attempted a hard fork with that software, but no one did. Let's hope that no one will dare execute btc1 hard fork, and we will just have to deal with the scaling squabble for many months, if not years to come. |
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Are there any prediction models about what the fees would look like in the years to come assuming different scaling methods?
Probably, but I'm sure any model you come across will be skewed by the analyst's own bias. |
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I wonder when will Lightning network becomes online. By the look of things, BTC Core would have not yet done any updates until the end of 2018. By then everybody will just have to get used to 2 - 3 day delayed confirmations.
What will be Bitcoin Cash's role in all of this? hmmmm...
Only when some black hats decide that it's time to "stress test" the other network. I sent some BTC to MMR last night with the minimal fee recommended by my Trezor and it arrived with 3 confirmation to MMR in less than 20 minutes. Maybe during those times, some might use Bitcoin Cash, but you can use LTC right now to circumvent the "stress test" situations. |
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BCH is not a pump and dump coin, it is an inferior chain that the inventors are trying to rescue by pump, it will dump itself by year end. How many times do you want to pump a flat tyre BEFORE you replace it.
The Bitcoin Cash supporters will probably attempt pumping until they suffer a complete blow out.  We definitely will see what the supporters are made of when the next difficulty adjustment comes into play in about 2 days. |
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It could go up 4x or be 400% what it is now. The difficulty would shoot up to 272888550039. In order to be on parity with BTC difficulty, they would need to put the buy support at almost .3 BTC per BCH. The slowdown in hashrate could cause their special difficulty adjustment to kick in, but this takes at least 24 hours of blocks coming in at slower than 1 per 2 hours. The only other reprieve would be the upcoming difficulty adjustment upwards of BTC. If the BCH difficulty only went up 3x or 300% of what it is now, the buy support would need to be at a little over .22BTC for profitability to be on parity with BTC. With the current block emission rate at about 3 blocks per 10 minutes, its likely the next difficulty adjustment will go up by 300% or more, if their current hash rate remains stable.
You can keep an eye on it here - http://bitcointicker.co/bccnetworkstats/ Current Difficulty: 68222137509 Est. Next Difficulty: 42388559987 Est. Difficulty change: -37.87% Speculative Diff. change: 75.51% Diff calc since fork: 1.41% Next Diff. change in: 1741 blocks That next difficulty change is calculated wrong on that web page. I understand though. Who is used to considering such ridiculous extremes? The maximum difficulty change upward is only 4x or a factor of 4. https://en.bitcoin.it/wiki/Target I'm assuming that when the Bitcoin Cash devs fiddled with the difficulty adjustment that they didn't screw that maximum up. A drastic difficulty change of 6x, or a factor of 6 would be devastating. |
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This is a short lived pump and dump. BTC is still more profitable to mine considering the higher fees, BitcoinCrash will always have a bigger blocksize, therefore, it will always have lower fees. The profitability due hasrate fluctuation is temporal, miners know that they can't gamble too much trying to profit from this, because if they screw up the real Bitcoin, their whole business would collapse.
The miners are going to blow through these 2016 blocks in a day or two. After that the difficulty is going to skyrocket for BCH. Probably close to the 4x limit. I think it's going to be game over for BCH when that happens. Any idea how he diff will change at this point % wise? If it's massive, will it put them under profitability again? If so, I need to dump the rest of my BCH. Been hanging on to half to see what happens.... It could go up 4x or be 400% what it is now. The difficulty would shoot up to 272888550039. In order to be on parity with BTC difficulty, they would need to put the buy support at almost .3 BTC per BCH. The slowdown in hashrate could cause their special difficulty adjustment to kick in, but this takes at least 24 hours of blocks coming in at slower than 1 per 2 hours. The only other reprieve would be the upcoming difficulty adjustment upwards of BTC. If the BCH difficulty only went up 3x or 300% of what it is now, the buy support would need to be at a little over .22BTC for profitability to be on parity with BTC. With the current block emission rate at about 3 blocks per 10 minutes, its likely the next difficulty adjustment will go up by 300% or more, if their current hash rate remains stable. |
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This is a short lived pump and dump. BTC is still more profitable to mine considering the higher fees, BitcoinCrash will always have a bigger blocksize, therefore, it will always have lower fees. The profitability due hasrate fluctuation is temporal, miners know that they can't gamble too much trying to profit from this, because if they screw up the real Bitcoin, their whole business would collapse.
The miners are going to blow through these 2016 blocks in a day or two. After that the difficulty is going to skyrocket for BCH. Probably close to the 4x limit. I think it's going to be game over for BCH when that happens. |
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Crashing now. I predict < $240 on monday night.  Bitcoin is always the King. Sorry guys  Roger Ver has deep pockets. By Monday, the next difficulty adjustment will arrive and it will be a jolt upward. If the Bitcoin Cash supporters want to keep the miners interested, they better put up the buy support. Many of these miners are going to move on if they don't see a sustained and healthy profit margin. Wu will probably still be propping this baby up though with his magical mystery miners. Yes but even if Roger Ver has deep pockets, this is probably a market that goes even beyond his pockets. I doubt he is sitting on several billions. And slowly but surely, that is becoming the amount to seriously move BCH up and down and play all others. Who knows which type of people also joined the BCH party. Maybe Ver can convince the Winklevoss twins to join the battle. But I doubt it. Perhaps Wright is really the real Satoshi and is going to unleash the Kraken. (Pun intended.) |
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Crashing now. I predict < $240 on monday night. Bitcoin is always the King. Sorry guys Roger Ver has deep pockets. By Monday, the next difficulty adjustment will arrive and it will be a jolt upward. If the Bitcoin Cash supporters want to keep the miners interested, they better put up the buy support. Many of these miners are going to move on if they don't see a sustained and healthy profit margin. Wu will probably still be propping this baby up though with his magical mystery miners. I wanna know where all the new hashing power has come from because the BTC chain is still running smoothly very little if any decrease in power and the next difficulty adjustment should put it up by a very small percentage yet this chain is suppose to now have a 20% share and due for a ~300% difficulty increase Wu brought those old S3, S4 and S5 out of storage and decided to point some hash at ViaBTC. ViaBTC pool has quadrupled the hash rate in the last 24 hours. |
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Crashing now. I predict < $240 on monday night. Bitcoin is always the King. Sorry guys Roger Ver has deep pockets. By Monday, the next difficulty adjustment will arrive and it will be a jolt upward. If the Bitcoin Cash supporters want to keep the miners interested, they better put up the buy support. Many of these miners are going to move on if they don't see a sustained and healthy profit margin. Wu will probably still be propping this baby up though with his magical mystery miners. |
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I don't know how many people saw Jihan Wu's yesterday's tweet where he clearly says Bitcoin Cash is not Bitcoin. Bitcoin Cash is bitcoin cash. It is clearly an altcoin though it is more profitable to mine at the moment than Bitcoin. I think propaganda to say it is according to original idea should be stopped and should promote it as it is under its own label.
His analogy is implying that the Bitcoin Cash movement is equivalent to the American Revolutionary War. |
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I knew it would go up but im not looking for profit just to help bring the difficulty back to normal level instead of this manipulated figure thats why I didnt do it before the drop
You are still competing with the "mystery" miner. They have not gone away. You would need to purchase lots of hash to make any significant difference. Hope you have deep pockets to prove a point. The miners at nicehash will appreciate your business.  I wont make any difference I don't have much of a balance on nicehash but trying through ViaBTC dont know if it will even work im not trying to outbid the biggest players if after a few days and the order has not forfilled then ill just cancel it lol 1st time doing a SHA256 contract on there just using whats left since I last cached out most is in a offline wallet and im not transferring any in It will be interesting to see what happens after the next difficulty adjustment if the goal is to try and keep miners interested . Or they could just let the market go belly up and hope some opportunistic miners who were not fast to dump become bag holders. Its currently around 2 - 2.5 mins per block is there a limit on the maximum percentage the difficulty can rise like is it possible to put it up 200-300% in one change ? At the current rate it could swing up in under 2 days I'm not sure. I think it can go up by A factor of 4. But info is very scant on the internet about these extremes. I certainly don't have the skill to decipher the actual code. |
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I knew it would go up but im not looking for profit just to help bring the difficulty back to normal level instead of this manipulated figure thats why I didnt do it before the drop
You are still competing with the "mystery" miner. They have not gone away. You would need to purchase lots of hash to make any significant difference. Hope you have deep pockets to prove a point. The miners at nicehash will appreciate your business. I wont make any difference I don't have much of a balance on nicehash but trying through ViaBTC dont know if it will even work im not trying to outbid the biggest players if after a few days and the order has not forfilled then ill just cancel it lol 1st time doing a SHA256 contract on there just using whats left since I last cached out most is in a offline wallet and im not transferring any in It will be interesting to see what happens after the next difficulty adjustment if the goal is to try and keep miners interested . Or they could just let the market go belly up and hope some opportunistic miners who were not fast to dump become bag holders. |
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I knew it would go up but im not looking for profit just to help bring the difficulty back to normal level instead of this manipulated figure thats why I didnt do it before the drop
You are still competing with the "mystery" miner. They have not gone away. You would need to purchase lots of hash to make any significant difference. Hope you have deep pockets to prove a point. The miners at nicehash will appreciate your business. |
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If Bitcoin Cash were to go up to .4 BTC with these conditions: Hashrate 9.46 TH 2600 W $.10Kw/h BTC/USD value $4079, you would make $50.65 per day mining Bitcoin Cash while only making $4.27 on BTC. That would be almost 12x more profitable for Bitcoin Cash over BTC.
(I'm not sure what defo means though?)
lols sorry my bad, defo=definitely wow, those some tasty stats...coming soon too btw we back at that good price to buy again...excellent  Don't forget you are now working at around 2.5 Mins a block due to heavy difficulty manipulation and this will adjust up a LOT possibly within a week wont take long to find the next 2016 blocks at this speed maybe a few days at most and bring that profitability crashing back down to normal levels I didn't forget. Just look at my previous post. I give this about 3 days or less. Im gonna help it and put a chunk of hashing power on it via nicehash for a day Hope it works for you. I just rented 510 Th on MMR, and I'm getting zero hashrate for over an hour. Asked the rig owner if I am doing anything wrong. No response yet. Must be sleeping. Hope I get a big refund. My more modest 10TH rental working fine on MRR though. You may have missed the boat for rented hash though. Price on Nicehash and MMR went way up. |
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If Bitcoin Cash were to go up to .4 BTC with these conditions: Hashrate 9.46 TH 2600 W $.10Kw/h BTC/USD value $4079, you would make $50.65 per day mining Bitcoin Cash while only making $4.27 on BTC. That would be almost 12x more profitable for Bitcoin Cash over BTC.
(I'm not sure what defo means though?)
lols sorry my bad, defo=definitely wow, those some tasty stats...coming soon too btw we back at that good price to buy again...excellent Don't forget you are now working at around 2.5 Mins a block due to heavy difficulty manipulation and this will adjust up a LOT possibly within a week wont take long to find the next 2016 blocks at this speed maybe a few days at most and bring that profitability crashing back down to normal levels I didn't forget. Just look at my previous post. I give this about 3 days or less. |
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Blockchain Overview There have been 1263 blocks mined since the hard fork. (1525 blocks behind the original chain) The Bitcoin Cash blockchain is currently operating at 7% of the original chain's difficulty. The original chain has grown 2.39GB more than the Bitcoin Cash blockchain. It is currently 170% more profitable to mine on the Bitcoin Cash blockchain.https://cash.coin.dance/blocksOMG WOW is this for real! ( ive refreshed like 20times and it still says 170% lol) if yes...then 0.4 defo will be here soon and higher....then bones may help us get a better estimate of profit than me lol If Bitcoin Cash were to go up to .4 BTC with these conditions: Hashrate 9.46 TH 2600 W $.10Kw/h BTC/USD value $4079, you would make $50.65 per day mining Bitcoin Cash while only making $4.27 on BTC. That would be almost 12x more profitable for Bitcoin Cash over BTC. (I'm not sure what defo means though?) |
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It is actually sensible at the moment to rent hash at MMR and Nicehash ATM.  VIABTC is compatible with MMR. Don't know about Nicehash though. Don't have a miner? No problem. Grab that hash for below 0.00075894 BTC per TH/day at MMR and 0.75894 BTC per PH/day at Nicehash. If Nicehash works well with any pool, please let us all know. Please note, if the Bitcoin Cash market does not hold up, you could still lose money. Edit: These blocks are going fast. This opportunity will not last long. Dust off those old Asics in the closet and get to mining quick. Mystery miner is not relenting either. Better hurry! It may take only 3 days or less to zip through 2016 blocks and the next difficulty adjustment. Then the next difficulty adjustment, probably way upward! Strike while the iron is hot! |
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