New SegWit stats?

[BruceSwanson]

Since it was officially released bitcoin prices have shot up and some are claiming a cause and effect. Any word on how fast it is being adopted by modes and miners?

[Lauda]

Segwit has not been released. You are doing an inadequate amount of reading. The code for Segwit has been released and merged. It will most likely come with the next Bitcoin Core version (0.12.2/3).

[BruceSwanson]

What is this -- a Master's class?

[thejaytiesto]

Segwit has not been released. You are doing an inadequate amount of reading. The code for Segwit has been released and merged. It will most likely come with the next Bitcoin Core version (0.12.2/3).

Well even if it hasn't been released, I think it has already had an impact on the price. On the testnet, segwit has proven to mine blocks higher than 3MB already, clearing any doubts of bitcoin scaling or not. It has also straightened the value of the Core devs even more, and has definitely killed the Core-Classic controversy, since Core devs are obviously the guys making the real advances. All of the good improvements in tech + the halving are going to make the price go to jupiter.

[Kprawn]

I doubt SegWit has anything to do with the latest price increase. I think a combination of good news lately are contributing to the rise in the price. We have seen the release of OpenBazaar and the

added interest that created, and on top of that the buildup to the Halving and the hype surrounding that and some rumours about Steam offering Bitcoin as a payment option. We might see some

significant price increases, if all of this comes together. Scaling problems temporarily solved.  

[mikewillda]

Segwit has not been released. You are doing an inadequate amount of reading. The code for Segwit has been released and merged. It will most likely come with the next Bitcoin Core version (0.12.2/3).

When will those two version be released? I shall buy some bitcoin just before the release and make a quick profit.

[BruceSwanson]

Segwit has not been released. You are doing an inadequate amount of reading. The code for Segwit has been released and merged. It will most likely come with the next Bitcoin Core version (0.12.2/3).

When will those two version be released? I shall buy some bitcoin just before the release and make a quick profit.

I think the crowd has beaten you to it.

[Lauda]

When will those two version be released? I shall buy some bitcoin just before the release and make a quick profit.

Nobody knows. Forcing the developers to work on a schedule isn't going to help anyone either, and could make matters worse (software - quality wise). I'd say within the next 3-4 months (since it is a minor release; these come quicker), unless a severe bug gets found.

[arnbrd]

Segwit has not been released. You are doing an inadequate amount of reading. The code for Segwit has been released and merged. It will most likely come with the next Bitcoin Core version (0.12.2/3).

Any estimated time before this to come ? Since the latest update was pretty recently, I doubt that we will see something in the near future.

[Lauda]

Any estimated time before this to come ? Since the latest update was pretty recently, I doubt that we will see something in the near future.

2016-04-15 - Bitcoin Core version 0.12.1 released
2016-02-23 - Bitcoin Core version 0.12.0 released
2015-11-13 - Bitcoin Core version 0.11.2 released
2015-10-15 - Bitcoin Core version 0.11.1 released

You can clearly see that sometimes the amount of time between minor versions is very short.

[mikewillda]

Any estimated time before this to come ? Since the latest update was pretty recently, I doubt that we will see something in the near future.

2016-04-15 - Bitcoin Core version 0.12.1 released
2016-02-23 - Bitcoin Core version 0.12.0 released
2015-11-13 - Bitcoin Core version 0.11.2 released
2015-10-15 - Bitcoin Core version 0.11.1 released

You can clearly see that sometimes the amount of time between minor versions is very short.

I think SegWit is a big deal. Why do you think it will be released during a minor version? It is the biggest change for many years.

[Lauda]

I think SegWit is a big deal. Why do you think it will be released during a minor version? It is the biggest change for many years.

Maybe because I do an adequate amount of research before posting? The developers have stated that it is coming within a minor version and that other things are planned for 0.13. Keep in mind that the next major version isn't going to to be released soon (the aim is 6-7 months after each major release). I would also like to add that I can't be 100% certain in this case.

[Wed]

Sorry for reviving this topic but afaik today a segwit vote starts, am I right?
Are there any stats now?

[Lauda]

Sorry for reviving this topic but afaik today a segwit vote starts, am I right?
Are there any stats now?

No. Segwit signaling will start after the first re-targeting after 15/11 (which is today). The first re-targeting should happen around the 18th of November. Anyhow, soft forks take time to activate so don't expect everyone on board in the first few days.
I'm pretty confident that a successful activation is going to have a positive effect on the price, especially after >1MB blocks start getting mined.

[Wind_FURY]

Sorry for reviving this topic but afaik today a segwit vote starts, am I right?
Are there any stats now?

No. Segwit signaling will start after the first re-targeting after 15/11 (which is today). The first re-targeting should happen around the 18th of November. Anyhow, soft forks take time to activate so don't expect everyone on board in the first few days.
I'm pretty confident that a successful activation is going to have a positive effect on the price, especially after >1MB blocks start getting mined.

That is if it gets activated. News are still swirled around that ViaBTC has 10% of all hashing power and that they are highly motivated to block Segregated Witness. They have valid arguments for doing so like the change in Bitcoin address requiring them to start with a "3". This will be an inconvenience to everyone and the Bitcoin economy has to literally stop for some time to update and audit everything.

[Lauda]

They have valid arguments for doing so like the change in Bitcoin address requiring them to start with a "3".

No, not really. I have not read a single valid argument from them. Unless you think that switching to an implementation with almost zero QA and peer review is a *valid argument*.

This will be an inconvenience to everyone and the Bitcoin economy has to literally stop for some time to update and audit everything.

That is not true. Nobody has to stop anything.

[Wed]

It doesn't matter whats the opinion of a pool is.
The miner can decide. When they decide that the pool isn't representing their opinion, they will switch to another pool.
Easy as that.

Also full node could decide to not forward found blocks of mentioned pool.

In other words: It doesn't count whats a pool says. The dont have any might.

[Lauda]

It doesn't matter whats the opinion of a pool is. The miner can decide. When they decide that the pool isn't representing their opinion, they will switch to another pool.

Correct. Ver & co are trying to spin the story that the pools are actually in control, which is entirely different from the reality. Currently the majority of nodes are Bitcoin Core, and the number of Segwit nodes is also quite high (29%).

This will be an inconvenience to everyone and the Bitcoin economy has to literally stop for some time to update and audit everything.

That is not true. Nobody has to stop anything.

To expand on this Wind_FURY, look at the article that I've just read. They have found 3 *bugs* to list to make it seem like BU team is competent and whatnot, while they are actually still running on a code base that is very far behind.
Update: The article was refuted by several people who got heavily downvoted.

[harrymmmm]

Posting here to see if I've got all this right ...

From the stats I see:
1) the difficulty period started about 13 hours ago.
2) 12 blocks signalled segwit, 78 blocks have not
3) in a few more hours at that same segwit signalliing rate, we'll have failed to activate in this difficulty period and next chance starts in about 13 days.

I say we will fail in a few hours because once there are 100 blocks not signalling segwit, we have the 5% (100/2016) which guarantees we can't reach the 95% required.

Delving into the blocks, I see that pools are not signalling correctly. For example bitfury advertises segwit support in their coinbase string, yet they are not setting the bip 9 bit for segwit. BTCC supports segwit (I believed), but is not signalling it. Obviously these guys didn't regard getting segwit activated asap to be much of a priority.

Am I on track with all the above?

While I've got your attention, is there a way for me to get all the voting info used above from my bitcoin node? I can't see rpc commands that yield the right stats.

edit: changed 'miners' to pools. spelling...
edit2: I see btcc started signalling correctly at block 43 (7 hours into the voting period). Too late tho ...
edit3: It's only 20 hours into the segwit voting, and we've failed. 100 non-segwit blocks cf 21 segwit.
Pools like bitfury now have 13 days or so to get their act together before the next period. Earliest segwit activation is now mid december.

[redsn0w]

Code:

Current SegWit signal percentage
2.93% (last 2016 blocks)
18.75% (last 144 blocks)
Source: https://bitcoincore.org/en/segwit_adoption/

http://api.qbit.ninja/versionstats