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581  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 19, 2017, 01:54:26 AM


Small problem the EDA was the only reason BCH could steal the hashing power but now since its been removed it is no longer possible because if the value rises and miners try to jump for quick profit the new DAA wipes this profit out fast and the miners just go back.

I have noticed since the new DAA adjust BCH is spending less time being profitable because the times it does become more profitable and the hashing jumps over the DAA changes it fast

Right now for BCH to be able to steal half the hashing power BCH would need to reach $4000 before with the EDA it could do it with a mere $1000


$4000 is not that far away especially considering at the next black swan event , core segshit coin Value will drop which will lower the amount needed.
Bitcoin Cash could jump to $3000 next week and segshit could drop to $4000.


╥Aztek



It could also just as easily go back to $600 once all the new BCH that is locked up floods the market over the next couple of months

582  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 19, 2017, 01:26:59 AM
Nice Article:  http://bitcoinandtheblockchain.blogspot.ch/

Quote
Bithumb servers went offline for several hours

On the 11 of November there was a 100% price movement in BCH from $863 to $1622 and a sell off of BTC from $7198 to $6491.
This resulted in a "Black Swan" event driving the price of BCH to a high of $2863 and BTC to a low of $5402 at 6.00 am on 12 November (Bitfinex).

For yet unexplained reasons when BCH price peaked at 6.00 am, Bithumb  servers crashed.
This took out most of the demand out of the market and sell pressure from the remaining exchanges was able to bring the price of BCH down to around $1400 by 10.00 am. All this while Bithumb was off-line.

This massive increase in mining profitability on BCH caused miners to switch and the hash rates on the two chain crossed (X).
Had this carried on the BTC chain would have succumb to the Chain Death Spiral as the hash rate between the two chains did flip (F).


My guess on what happened.

I believe nobody was prepared for this. It was a "Black Swan" event.
Bitcoin markets are unregulated and there are no trip mechanism built in.
More than likely the major players realized what a disaster this would be if the Bitcoin market crashed and maybe even go to zero as the hash rate was rapidly exiting the BTC chain.

The decision must have been to "turn off" Bithumb servers to kill the demand.
At the same time they borrowed BCH on margins to sell BCH down.
Those who bought at peak on Bithumb and were unable to liquidate lost big time.
Many would have been bankrupted.
Still facing limited number of lawsuits is better than having the whole BTC market collapse with total wealth transfer from BTC to BCH.

So we now have a trip mechanism in the crypto markets. We turn servers off. May this be a warning to all those who trade in this market.

BTC Recovery

Over the next few days the price of BTC recovered and as of today 15 November is over $7100.
Here is the problem.
How can anybody put money into a coin that has a non existential possibility of going to zero
because it does not have the protection of an Emergency Difficulty Adjuster (EDA) like in BCH.


On top of that it is practically useless because of extremely high fees and long confirmation times.
I sent some BTC over 10 days ago with 0.0002 BTC in fees and that transaction is still in limbo.
I tried to send $500 out of my Blockchain.info wallet with priority fees and the fees was calculated at over $200.
This coin has turned out to be a joke so why does anybody want to support it?


Of course there are 120 billion reasons that it must be supported. And think of all the people who bought into BTC since 1 August.
What can we tell these people if BTC went to zero and BCH became the new Bitcoin.
Something has to be done. If the problem is bad at $7000 how much worse at $10,000 or $100,000 per coin.

It is very simple.
The coin without EDA (BTC) cannot share the same POW algorithm as one with EDA (BCH) and expect to survive without intervention.
Another "Black Swan" event is just around the corner.
If we want to protect innocent people who have purchased BTC since 1 August we have to hard fork EDA into BTC.
This way both coins can compete for mining hash power on their respective merits.



╥Aztek

Small problem the EDA was the only reason BCH could steal the hashing power but now since its been removed it is no longer possible because if the value rises and miners try to jump for quick profit the new DAA wipes this profit out fast and the miners just go back.

I have noticed since the new DAA adjust BCH is spending less time being profitable because the times it does become more profitable and the hashing jumps over the DAA changes it fast

Right now for BCH to be able to steal half the hashing power BCH would need to reach $4000 before with the EDA it could do it with a mere $1000
583  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Gold : Make Bitcoin Decentralized Again on: November 19, 2017, 12:51:20 AM
this coin is a fucking disaster.
Please show us your evidence before telling us your judgement about the project.

You are part of this scamming coin aren't you ? don't you know people are losing their life saving from this scamming coin

http://bitcoinwhoswho.com/blog/2017/11/16/million-dollar-mybtgwallet-scam/


what evidence you need to prove they are scammer

That's a 3rd party wallet you should never enter your private key or seed in any unknown wallet/tool UNLESS you have removed all bitcoin first that is the first rule of claiming any fork

The only real issue was the official pool started mining on a different chain somehow probably something to do with the premine and they made good my crediting the accounts from their own pocket everything else is running good
584  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Gold : Make Bitcoin Decentralized Again on: November 18, 2017, 11:07:24 PM
Hold BTG, it will be pumped soon like  BCC!
How do I sell it?  I've tried three or four exchanges and on all of them, deposits don't work.


They will not accept bitcoin gold because bitcoin gold is proved scam

HitBTC works great
585  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTG] Bitcoin Gold Launch – 12th November 2017 (7:00 PM UTC) on: November 18, 2017, 09:05:07 PM
I have just under half a Bitcoin Gold and am wondering where is this going to be heading over the coming months? A lot of people say it will fall flat but there are many who support it. Can anyone tell me what is the special element behind Bitcoin Gold that will make it lucrative to hold for a longer time period? What is attractive about it?

Nobody really knows but once other exchanges etc start implementing this then value should pick up I cant see it going down long term
586  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTG] Bitcoin Gold Launch – 12th November 2017 (7:00 PM UTC) on: November 18, 2017, 08:58:41 PM
Bitcoin Gold Mempool Stats now available here
https://mempool.online/bgold/queue/#24h
587  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Gold : Make Bitcoin Decentralized Again on: November 18, 2017, 08:58:10 PM
Bitcoin Gold Mempool Stats now available here
https://mempool.online/bgold/queue/#24h
588  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 05:49:09 PM
aren't cpu/gpu coins susceptible to criminal botnets stealing their hash?

CPU yes GPU slightly but not so much because you don't know what cards the user is running or onboard etc you don't know what miner software is best suited and best settings thats the reason AV software flags all miners because of botnets etc
589  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 05:46:11 PM

I have not run to gold but they are not trying to replace bitcoin

Do I own any Bgold... Yes half was from the chainsplit a little bought and the rest was mined and is still being mined while the difficulty is low (due to value) I expect this to raise considerably once it gets to more exchanges and see it as a huge opportunity to make some money

Will it be successful... Maybe it also may go down I don't know but right now its looking like it is close to the bottom so whatever I gain is profit how much is unknown


It will fail, because the scammers behind it are broke and are going to dump the daylights out of it.
That is why their premine is for.

Sorry, but that is exactly how is will play out.


╥Aztek

Over half of the premine is locked and untouchable and I will have probably sold long before its unlocked
590  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 05:41:59 PM
You will find most are not against cash but are against the complete and total attitude of the bad players using every trick in the book who's only goal is to disrupt the whole crypto ecosystem just to get to the top and things like this will not be tolerated

I believe you except for the fact you ran to the bitcoin gold scammers like they are were the next coming.

Core is with the Bankers, sorry that all that matters, they can't be allowed to win.

Don't like the guys running the asics , well choose another coin.
But the fact is the ASICS Miners are the only one strong enough at the present time to protect Bitcoin from the bankers.
So you choose Bitcoin Cash or the Bankers just buy out the others. (No other options)


╥Aztek







I have not run to gold but they are not trying to replace bitcoin

Do I own any Bgold... Yes half was from the chainsplit a little bought and the rest was mined and is still being mined while the difficulty is low (due to value) I expect this to raise considerably once it gets to more exchanges and see it as a huge opportunity to make some money

Will it be successful... Maybe it also may go down I don't know but right now its looking like it is close to the bottom so whatever I gain is profit how much is unknown

 
 
591  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 05:27:16 PM
this is the most toxic thread on bitcointalk. this shitcoin is getting pumped and he's still not happy . anger is bad mkay

Go console Gary , you insensitive core shill.

Hey you asshats, started it , you claim to not like Bitcoin Cash or believe in it ,

You are in the Bitcoin Cash forum!

So get your trolling asses the hell out,

If not , I insult you til I get tired of it.


╥Aztek

You will find most are not against cash but are against the complete and total attitude of the bad players using every trick in the book who's only goal is to disrupt the whole crypto ecosystem just to get to the top and things like this will not be tolerated
592  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 05:04:28 PM

0 the most ive ever spent on fees is about $4 usually its around $2 I set my own custom fees I don't rely on "next block", "next hour" etc and most of the time im in a block within a hour never been more than day saying that ive never been more than half a day at most 3-6 hours


So basically , you did not use segshitcoin last week for 3 days when the fees were $20.
Ignoring it by not using it for weeks at a time is why segshit will die, ignoring the problem instead of fixing it.

Telling lies like no one has problems making transactions, that is why I can't have any respect for you at all.
You lie too much.

╥Aztek


I use it when I need to and no ive not needed to in the last couple of weeks
593  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 04:58:30 PM
the vitriol behind this ABC group is apparent ~ their stated goal is to fragment the bitcoin community :\ not cool as we should be working together to make the world a better place!


No Dumb ASS,  The Goal is to Utterly Destroy SegShitcoin, it has to die!

Their can be only 1.



That one is Bitcoin Cash ( The Real Bitcoin )

╥Aztek



And what if you fail ?

Also if you have to keep telling someone that something is the "real one" then chances are it's a fake



Tek , I don't lie like you do.

If I say Bitcoin Cash is The Real Bitcoin , then it is.

Reason behind that statement :
Segshitcoin is the Mutation, look at the blockchain, it does not match the original,

Bitcoin Cash Blockchain matches the original more than segshit only a Fool / Liar would deny that.

Satoshi work was for Onchain scaling, where banking fractional reserve nonsense could never happen,

segshit is a direct attempt at making everything offchain which directly allows the inclusion of fractional reserve bullshit.

Anyone that understands anything about economics , knows that Bitcoin Cash will win this battle before it even started.

Think about it , how many $42 fees did you pay to move coins around last week.

╥Aztek

0 the most ive ever spent on fees is about $4 usually its around $2 I set my own custom fees I don't rely on "next block", "next hour" etc and most of the time im in a block within a hour never been more than day saying that ive never been more than half a day at most 3-6 hours
594  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 04:42:20 PM
the vitriol behind this ABC group is apparent ~ their stated goal is to fragment the bitcoin community :\ not cool as we should be working together to make the world a better place!


No Dumb ASS,  The Goal is to Utterly Destroy SegShitcoin, it has to die!

Their can be only 1.



That one is Bitcoin Cash ( The Real Bitcoin )

╥Aztek



And what if you fail ?

Also if you have to keep telling someone that something is the "real one" then chances are it's a fake

595  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 03:32:05 PM
A massive Bcash pump won't do as much for stealing hash power as last time though because of the new DAA as soon as the miners try to jump the difficulty shoots up so a miner is less likely to just jump for a quick profit  if it makes it to say 25% of BTC the most that will be stolen is around 25% of hashing instead of 60%
596  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 18, 2017, 11:37:51 AM
Someone must be really really retard to believe that a billionaire like Roger is pumping prices lol look at the darkweb look at the websites everyone is using bitcoin cash right now, the increase of prices if mechanical and the dump we've seen last weekend is simply bitmex (the biggest exchange in terms of BTC volume) that dumped all their users BCH, if they sold all their BCH (which i believe) the time now for BCH is to rocket to the moon

So the fact that thousands of BTC from a known (signed signature verified account of his) happens to be going to exchanges at one address (verified on the blockchain) does not raise any doubts ? when its the day after he publicly stated he going all in and was selling all his BTC for BCH
597  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 17, 2017, 11:52:52 PM
How would i make sense of the profitability of mining Bitcoin vs. Bitcoin Cash? I know that i can see relative numbers on fork dot lol, however it is somewhat unclear to me what this means when it is actually applied.

Let me give you a snapshot of what im seeing and see if you can help me make sense of this from a technical perspective...

at this given moment
$btc = $7725
$bch = $1168

According to fork dot lol:
its 1.16x more profitable to mine BCH over BTC.

So my question is, how exactly does one arrive at this profitability calculation? The block reward on both coins are the same... and the block times are the same...

how could it possibly be more profitable to mine BCH than it is to mine BTC, when BTC is about 9x in market price. Can someone walk me through this, or point me in the right direction to a resource where i can do some more research and come to a legitimate conclusion.

Cheers.




The difficulty think of it like how many people that need to share this reward

for example the BTC reward may be higher but there are 10 as many users to share it with



So if bitcoin cash were to actually replace Bitcoin as the most secure chain with the highest hash power, then the profitability would drop? If thats the case, then wouldnt bitcoin cash be totally screwed if it secured more miners, but didnt rise in market value?

Thanks for walking me through this btw, i am super interested and find it very difficult to find any resource to answer technical questions like these.

The miners follow profit you will never get enough miners on bcash to replace bitcoin due to the value otherwise it would not be profitable and a waste of time and energy for them hence why roger pumps this up (yes it's been proven the address belongs to bitcoin.com) to give the miners incentive to jump over but all he's doing is burning money
598  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 17, 2017, 11:39:12 PM
Bitcoin Cash recovers very fast from the low price yesterday. Maybe this is the right time to get in. Hopefully it will rise in the next few weeks.

The right time is not after a price pump unless you wanna loose money



599  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 17, 2017, 11:38:17 PM
How would i make sense of the profitability of mining Bitcoin vs. Bitcoin Cash? I know that i can see relative numbers on fork dot lol, however it is somewhat unclear to me what this means when it is actually applied.

Let me give you a snapshot of what im seeing and see if you can help me make sense of this from a technical perspective...

at this given moment
$btc = $7725
$bch = $1168

According to fork dot lol:
its 1.16x more profitable to mine BCH over BTC.

So my question is, how exactly does one arrive at this profitability calculation? The block reward on both coins are the same... and the block times are the same...

how could it possibly be more profitable to mine BCH than it is to mine BTC, when BTC is about 9x in market price. Can someone walk me through this, or point me in the right direction to a resource where i can do some more research and come to a legitimate conclusion.

Cheers.




The difficulty think of it like how many people that need to share this reward

for example the BTC reward may be higher but there are 10 as many users to share it with











600  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: November 17, 2017, 10:43:44 PM
the group that pumped BCH to epic levels are now buying BTX

I am curious what makes you think that? What with BTX being older than BCH, yet gaining near-zero mindshare until forking season came about.

I think this is referring to BitcoinX (Yet another fork of the core chain) that has not happened yet

https://bitcoin2m.org/ https://github.com/bitcoin2m/BitcoinX
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