we are drifting away from btc diff too much.
so deleting posts below I saved them here:
ETH and ETC look better on paper then BTC.
Look better from a profitability standpoint maybe, and maybe from a cost-to-mine standpoint, but as viable digital currencies? I think that only bitcoin can say, right now, that it looks good on paper for that usage. But then again this isn't a speculation thread about viable currencies, it's all about price.
It's interesting to see almost the same pattern in hash power as before the halving, we're still seeing big drops and then everything coming back at the end of the period. There's obviously a lot going on to drive price and hash power, but underlying it all seems to be some orchestrated effort and coordination between large farms playing with gear.
Sadly we'll likely never know for sure what makes it all happen...
ETH and ETC look better on paper then BTC.
The moment that the bailout fork happened, Ether died. They destroyed immutability and inacted monetary policy to satisfy greed, resulting in loss of trust. At the same time they drew focus to the fact that Eth is far too complex for the JavaScript generation of programmers to correctly develop programs that work as intended.
Eth and Etc are both dead. It just might take a little time for them to become worthless.
That doesn't mean that there's not short term returns to be made. Even Paycoin made money for some people. I got crazy rental prices during that insanity, resulting in guaranteed ROI for my Spondoolies. I never owned any Paycoin though because I never believed in it. I don't believe in Eth either
But back on topic, long term Eth (both forks) has no future. Bitcoin does, as long as we can learn from this mistake and not recreate it.
But with the Vitalik bailout, ETH can hardly have a future.
says who? most developers disagree and continue development, which is what is most important.
Bailed out coin does not have future for me, I should have been more clear about this, so sorry. Its good ethereum developers continue the development, because ethereum needs it to be even useable for complicated smart contracts to be much safer in the future. The good thing is ETC can be functional copy of the ETH but without the bailout compromise, so there is nothing I have against using ethereum ETC for smart contracts if it become safe and usefull for something. Pretty pitty ethereum developers preffered the bailout, as I think no split would ever be if they refused the bailout in principe and honoured the DAO contract and learned from the mistake instead.
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BTC diff can be manipulated by bitmaintech.
They can sell s-9's too cheap flood the market with hash.
They can sell s-9's too costly and let the market fight for high priced gear.
They can sell no s-9's at all and let the market hunger for high priced gear.
This is pretty much the state of btc right now only one supplier that will sell to any one and they are not selling at the moment.
So the next 90 days I have no idea what they plan to do.
This is why right now I want price drop and hash drop to happen.
https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 213,492,501,108
Estimated Next Difficulty: 201,390,054,505 (-5.67%)
Adjust time: After 17 Blocks, About 2.9 hours
Hashrate(?): 1,521,031,054 GH/s
Block Generation Time(?):
1 block: 10.3 minutes
3 blocks: 31.0 minutes
6 blocks: 1.0 hours
Updated: 13:0 (2.5 minutes ago)
we drifted from -5.38 to -5.67 and may go to -5.8 to - 6.1 over the next 3 hours or so.
price is just under 600.
if we end at -6.0 and coin price settles at 550 - 575 I think we will see a second -5 or better for next jump