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Author Topic: Problems after halving if blocksize is not coming to a solution?  (Read 1156 times)
RealPhotoshoper
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March 27, 2016, 03:04:09 PM
 #21

404512    12 minutes    1020    11,361.54 BTC    AntPool    561
404511    21 minutes    492    2,300.51 BTC    AntPool    258.23
404510    26 minutes    149    1,391.25 BTC    AntPool    120.73
404509    26 minutes    458    4,397.90 BTC    BTCC Pool    212.47
404508    30 minutes    840    8,244.73 BTC    F2Pool    546.94
404507    37 minutes    1295    7,773.54 BTC    AntPool    883.73

It's a good job that all you guys who say that blocks are full don't work in my local pub. Smiley
thanks for show us that block are not full,honestly i'm also dont understand aout block debate,i'm not bitcoin miner,and dont reall interesting to that,so can you explain me about your stats above? Grin
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March 27, 2016, 04:26:10 PM
 #22

404512    12 minutes    1020    11,361.54 BTC    AntPool    561
404511    21 minutes    492    2,300.51 BTC    AntPool    258.23
404510    26 minutes    149    1,391.25 BTC    AntPool    120.73
404509    26 minutes    458    4,397.90 BTC    BTCC Pool    212.47
404508    30 minutes    840    8,244.73 BTC    F2Pool    546.94
404507    37 minutes    1295    7,773.54 BTC    AntPool    883.73

It's a good job that all you guys who say that blocks are full don't work in my local pub. Smiley

Blocks arn't full at the moment because the number of transactions has dropped. See

https://bitinfocharts.com/comparison/transactions-btc.html

They were 163,440 in the last 24 hours, compared to 270,000 on March 2nd.

You know that article last week from blockchain.info saying transactions were down - turns out they weren't just down for them.

Users are voting with their feet and using other alts to move money around.

 
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ATguy
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March 27, 2016, 09:50:27 PM
 #23

They were 163,440 in the last 24 hours, compared to 270,000 on March 2nd.

Users are voting with their feet and using other alts to move money around.

If you mean moving money between exchanges with altcoins, then probably. There is no other use for such altcoins though, so voting is bad word. If you are not in Speculation/Trading then altcoins are just useless (maybe darknets and scammers appreciate usage of some anon coins, I have no experience with this though).

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odolvlobo
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March 27, 2016, 09:56:25 PM
 #24

After halving, the supply of new coins will be reduced. So I think the trading volume of bitcoin will reduce.

The halving will reduce the production of bitcoins by only about 1.5% of the BTC trading volume on exchanges -- hardly a significant change.

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mayax
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March 27, 2016, 11:19:11 PM
 #25

who cares about chinesse miners who already earned MANY millions? anyway, everybody wants cash. nobody cares anybody.

make cash now and don't care what it will be in August Smiley
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March 27, 2016, 11:40:27 PM
 #26

If the block sized still no resolve i think bitcoin will not die and the price still the same as today price..
Bitcoin will not die and we are uses it as payment or money here online. also in any company online...
So its impossible...

I don't understand why bitcoin will not die if the block size has no resolve?
I think if there's no block size, game is over, right?
or am I wrong? CMIIW

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March 28, 2016, 04:41:24 AM
 #27

if you have a doubt in that,  you make cash by your bitcoins... if you wish to earn in halving just hopld on some coins.. you can follow this if blocksize is not coming to a solution during halving...
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March 28, 2016, 05:56:43 AM
 #28

404512    12 minutes    1020    11,361.54 BTC    AntPool    561
404511    21 minutes    492    2,300.51 BTC    AntPool    258.23
404510    26 minutes    149    1,391.25 BTC    AntPool    120.73
404509    26 minutes    458    4,397.90 BTC    BTCC Pool    212.47
404508    30 minutes    840    8,244.73 BTC    F2Pool    546.94
404507    37 minutes    1295    7,773.54 BTC    AntPool    883.73

It's a good job that all you guys who say that blocks are full don't work in my local pub. Smiley
That is a small sample of 6 blocks (out of ~144 that are found every day), and this small of a sample is not statically significant.

Ignoring the above, I would point out that, on average blocks are found once every 10 minutes, however in your sample, there were 6 blocks found in 37 minutes, which means those blocks were found at a rate that is almost double what is expected over the long term. When blocks are found more frequently, then there will be less transactions to be included in each block if you assume there is no present backlog. There will however be some periods when an entire hour (or longer) goes by when no blocks are found, and during that time transactions will continue to be broadcast that will need to be confirmed once the next block is found. You also fail to take into consideration that the number of transactions is not even throughout the day, as there will be spikes of transactions as people tend to spend money at specific times, for example 3PM eastern time (US) is probably a time when a lot of people are sending transactions because it is a period when many people throughout the US are potentially on their lunch break, and people in Europe are potentially just getting home from work, both would be when people will be more likely to be spending money for one reason or another.

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