This is a calm and objective article without the fud clickbait and it tries to explain why the hashrate drop occured. I do not know if the writer got it right, however. In any case, we might never know why unless the miners tell us. Since the Bitcoin network is decentralized, when you refer to the network, you’re talking about thousands of individual people with computing equipment ranging from hard drives to warehouses full of computers designed specifically for Bitcoin mining. So, to truly know the current Bitcoin hashrate, you’d have to ask each and every one of them how many hashes they are processing. This, obviously, is impractical.
Instead, data providers work backwards and use statistical techniques to arrive at an estimate of the current hashrate. In this case, they look at the speed at which Bitcoin blocks are mined, in combination with the current difficulty level of the network. And taking these together, with a bit of statistical know-how, they come to a reasonable estimate.
But it’s not perfect.
The model assumes that blocks are created every 10 minutes on average. But if blocks happen to be found more quickly or slowly than this—purely by random chance, not by a change of hashrate—this could alter the estimated hashrate. So, if miners continually faced bad luck, and blocks happened to take longer, it would appear as if the hashrate dropped off a cliff.
It’s hard to know if this is exactly what happened—as we’ve said, you’d have to ask all the miners—but it’s the kind of event that could explain yesterday’s drop.Source https://decrypt.co/9644/why-bitcoin-hashrate-didnt-crash-30-yesterday |
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Vettel's current contract expires in 2020, he will be replaced by THE Son, Mick Schumacher.
Mick is doing great in Formula 2, and I can't wait to see him in F1
Vettel's cycle is almost ready, and 2020 is a good time to make a substitute in Ferrari. Mick Schumacher has an amazing performance in Formula 2 and it would be a good addition to the driver's competition. He will probably be a great duo with Leclerc. How good? Is he as good as Charles Leclerc or Max Verstappen? It might be too early for him. However, he can become the 3rd Ferrari driver or the test driver hehehe. But that would not be the best for him being the son of Michael Schumacher.@coinlocket$. Lewis should go back to McLaren and help them after all his success hehe. |
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@Lucius. We do not know. His reputation might be bad in the forum today, however, how would it be if bitcoin goes to his prediction of $25,000 or higher? His only mistake might only be his timing hehehe.
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I shake my head that as a CEO of the world's largest alternative investment firm, Stephen Scharzman does not understand bitcoin after all the years. He might be hiring the wrong advisors hehe.
What is weird in fact that a man who has been sitting in the same chair for 35 years does not want any new risk for the company? I do not believe he does not understand Bitcoin, very likely he considers it too high risk, and fiat is working for him just fine. People like him or Buffett are servants of the old system, that system made them rich, it allowed them to have the power, why change it? In any case, this might be good because it might be a sign that it is the beginning of a blockchain season that might begin another altcoin season hehehehe.
I do not understand the link between Scharzman "I will never invest in Bitcoin" to "beginning of a blockchain season" which will result with "another altcoin season"? I was clearly joking. It might create a time similar to 2016 when all of the smart money was looking for the next bitcoin hehehe. |
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@JohnBitCo. On Tom Lee, he only does not give predictions or statements in his own favor, he is giving them in all our favors.
He also has the more to lose compared to us the forum cave trolls. He is risking his own money, Fundstrat investors' money and his own reputation.
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Soon Bitcoin will not anymore be used in the dark web transactions all because they can be traced and there is nothing "too be careful" once you are into this marketplace. And this is good news for the Bitcoin community as it is not anymore going to be the target of many of those in the government who can be using this as the scapegoat to launch anything that can be affecting the world of cryptocurrency.
Sadly that will not be the case, even if anonymity coins are mostly use for illicit activities in the dark web daily and Bitcoin will only be used rarely it will still be the face of the headline since the news and media will always link it to the most popular crypto. They all have their ways of padding the news and hiding other statistics just to make Bitcoin look bad for the common people. The bad thing about this is the impression it makes to all of the people who don't know the industry and that includes lawmakers who just take actions because of it. This won't really stop not until majority of the people gets the general sense that Bitcoin is now barely being used in the darkweb. I speculate that some of those politicians attack bitcoin only because they do not want everyone else to have similar privileges as their rich, white crime, criminal friends hehehe. |
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Exactly. And I'd also add that a block chain in its own isn't worth a lot if the block chain isn't secured enough by something of value that helps to preclude it being rewritten in a reorganization. The value of bitcoin helps secure the bitcoin block chain due to POW costs. there could be some value in distributing consensus among a federation of validators rather than depending on a single trusted authority like traditional systems. this can obviously be done at exponentially lower cost than POW, with the obvious caveat that it's much less secure because trust is involved. so maybe there is some middle ground. i'm not sure. the mining incentive in bitcoin reflects the value of the underlying money supply. perhaps there are use cases where businesses/consortiums don't need the type of security that a $180 billion market cap entails. However, it might be similar to Ripple. Who decides if someone can be a validator or not? In Ripple, it is the people in the company behind Ripple that decides who is included in their federation of validators. |
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@akirasendo17. That is the price to pay to join the Binance game and have your cryptocoin pump hehe. Tezos did it and it had a small pump.
However, I reckon it might be better for Jared to wait for the bull market for a 10x pump hehehe.
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Before, I was really eager to watch the fight between this two great fighter. But now, I'm not interested anymore to watch neither to wait on their fight schedule if there is a closure agreement will happen, But I had a doubt on this. And besides they are both have good in life now, just like Paquiao, aside from that He has a a lot of big businesses which he built, He was also a public local officials now in the government as a Senator to his country.
Pacquiao is the one who really wants the fight to push through Mayweather is just answering, I have this feeling the fight will not push through if Pacquiao will be beaten by the winner in the Spence Porter fight, it will lack the attraction if Pacquiao loses, but if he wins that's a different story. Errol Spence will win that fight, however, I would very much want to see Errol Spence fight Terrence Crawford. It might not be a fight for the casual fans but it is a fight to make for boxing fans. Similar to Khabib versus Tony Ferguson in MMA. There is only a small demand for it, however it is the fight to make because they are 2 of the best UFC lightweights. |
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I shake my head that as a CEO of the world's largest alternative investment firm, Stephen Scharzman does not understand bitcoin after all the years. He might be hiring the wrong advisors hehe. In any case, this might be good because it might be a sign that it is the beginning of a blockchain season that might begin another altcoin season hehehehe.  The billionaire CEO of alternative investment firm Blackstone says he loves blockchain, but will never invest in Bitcoin.
Stephen Schwarzman tells Fortune he’s not interested in Bitcoin or crypto assets, saying he doesn’t know why they’re necessary.
Schwarzman says he doesn’t get why anyone would want or need a currency that’s not controlled by governments and banks, and he’s concerned about Bitcoin’s use among criminals.
As for blockchain as a whole, Schwarzman says he’s a believer in the technology and expects his firm will invest in many blockchain-related projects.
“There’s all kinds of uses you can have from certain executions. [Blockchain technology] is a very good idea, and it will end up being adopted because it’s good technology. Applying it to the creation of money is sort of, for my taste, pretty odd.”
Blackstone has been under Schwarzman’s leadership since it was founded in 1985.
As the world’s largest alternative investment firm, it has over 800 subsidiaries around the world, according to an SEC list dated December of 2017. It now has $472 billion in assets under management, operating out of New York and specializing in private equity, credit and hedge fund investment strategies.Read in full https://dailyhodl.com/2019/09/22/ceo-of-worlds-largest-alternative-investment-firm-vows-never-to-buy-bitcoin/ |
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Did you see the spin in this article? Someone on Twitter criticized that ethereum's fees are going higher than bitcoin's fees. The spin here is where this ethereum news website is claiming that ethereum dapps and tokens are gaining traction hehehe. However, it is true, high fees is caused by too much usage in the blockchain and it will continue as long as usage increases. Remember the Cryptokitties? That is not the problem. The problem here is the finger pointing. I remember on 2016 some ethereum developers criticizing bitcoin for high fees, slow confirms. Yes, because it was gaining traction. Instead of finger pointing, can everyone get along together and find real solutions?  It seems that the flippening… a flippening, rather, has just taken place. According to many on Twitter, the transaction fees on Ethereum (ETH) have eclipsed that of Bitcoin for the first time in a while.
Prominent Bitcoin proponent Grubles noted that yesterday afternoon, the average standard transfer for ETH cost some $0.045 to $0.064. At the same time, the recommended next hour confirmation fee was $0.03.
Cryptocurrency analytics provider Glassnode corroborated this. It noted in a tweet that Ethereum’s total fees paid metric is up more than 230% since the start of September. It added that yesterday, Ethereum transactors paid more than Bitcoin transactors for the first time in six months.
So, why is this taking place?
Well, this has much to do with Ethereum-based tokens and applications gaining traction.
Tether has migrated hundreds of millions of dollars worth of USDT onto Ethereum from the Bitcoin-based Omni Network, leading to a massive increase in demand for ERC-20 tokens on the blockchain because exchanges have decided to embrace the ERC-20 USDT instead of the OMNI iteration.
Also, decentralized finance (DeFi) applications have continued to see an increasing number of users, as consumers begin to see the value in gaining returns on their holdings and trading in a decentralized manner.Read in full https://en.ethereumworldnews.com/ethereum-fees-higher-bitcoins-eth-apps-gain-traction/ |
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The skeptical me would say that both Binance and Digibyte's Jared Tate are moving under their own hidden agendas. I reckon both of them know that once the coin is listed, it will be pumped. Binance only wants some money for costs of listing and some Digibyte coins to dump for all the work hehe. Jared should cooperate hehehehe. He cannot dump his own coins if he does not play the Binance game.  Back in 2018, Binance overhauled its listing policy and released a statement claiming it would no longer be charging listing fees. However, if a recent tweet by Digibyte CEO Jared Tate is to be believed, this might not be strictly true.
According to the Digibyte founder, representatives at Binance tried to strong-arm the project into providing $300,000 plus 3% of all DGB in order to protect against hacks, thefts and other issues. It remains unclear exactly how the $300,000 would be used to accomplish this, though the entire move seems similar to requesting ‘protection money.’
Tate claims that this request was made during a video call with the Binance team several weeks ago. After being told that Digibyte didn’t have any funds and couldn’t simply hand over 3% of the total supply as a decentralized project, Binance claimed it would get back to Tate later — but apparently never did.Read in full https://beincrypto.com/binance-begins-shaking-down-projects-for-protection-money/ |
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@Texacha. You are correct because all asic resistant mining algorithms are always vulnerable to botnets. We should thank them for helping make the blockchain more secure.
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Now technically I see the 2nd fight as even more in favor of Ruiz because Joshua has had to make radical changes in his style after embarrassingly kissing the canvas so many times, now he is slimmer and trying to be more nimble,
Doesn't really matter how much Joshua slims down, he was completely outclassed in the first fight, and he really didn't even try to dodge most of the punches. He just took a full clip of punches right to the head and body practically every time he hit Ruiz with a good shot. He then just closed down, with a high guard but was still taking shots to the temple. Even if there is strong pressure on the judges to award him any decisions, the next fight is unlikely to go the distance to reach the scorecards. Someone is getting knocked-the-f-out. Was Anthony Joshua really outclassed during the first fight? He knocked down Andy Ruiz which was also Andy's first time to be knocked down by anyone according to some articles. If he was outclassed, I reckon it would be more because Anthony Joshua was not fighting on 100% condition. |
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@BitHodler. However, you make it appear that it would be impossible for whales to cooperate with each other to achieve a similar agenda.
I was also implying that it would be possible that the cryptocoin whales are beginning to be surpassed by a group of banking whales cooperating together.
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Pay 800 USD worth of bitcoin and get 10,000 USD in fiat money from a bank account via Western Union?
I don't get it.What makes this transaction clever?I guess that the hackers have access to way too much stolen bank accounts so they sell them at an extremely low price.
The battle against the Darkweb is going to be harder than ever.
The fiat for bitcoin service might not also be the real money launderer at all. I reckon that it might only be the middleman. The real money launderer might get half of the $10k hehehe. |
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@Vishnu.Reang. The decision to fight is not for Tyson Fury and Deontay Wilder only. There are promoters and tv deals that need to be negotiated. Tyson Fury signed a new fight deal with ESPN, Deontay is signed with Showtime. This causes negotiations to take longer.
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@felipepoide79. Bittrex coin wallet maintenance might last for a few hours or a few days in my experience. However, for cryptocoins with active development similar to Grin, it will not be long.
@Hueristic. There were already 4 audits for RandomX. All of them speculates favorable towards asic resistance.
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@carter34. Whales have always controlled everything. In the cryptospace, however, it might be under the act of beginning to be controlled by the bigger whales who own the banks hehehe.
Enjoy it now, I predict more regulations and the isolation of ordinary holders.
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