Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BitcoinBunny]

I'm a newbie when it comes to understanding the mining game and this may not be much of use to most here but to me this automatic switching to higher yields advert on the Bitmain homepage explains a lot with regards to what happened over the weekend. And why that was so coordinated I guess.




I'm assuming then if you have an S9 sitting there and you are observing what it is doing you could potentially also profit from the BTC/BCH trading elsewhere.

[jbreher]

Jihan Wu of Bitmain, also supposedly can still get 15% to 20% more in mining BCH than BCT with ASIC boost..asicboost does NOT work with ANY flavor of seg witness...

..thus he has slack to push this BCH protocol as a BTC replacement

Yeah...unh ... I dunno, man. Assertion does not stand the scrutiny of logic.

You know miners get to include whatever transactions are in the mempool to make their block out of, right? Like, it's entirely their choice.

So if Jihan wanted to keep on using ASICBOOST on BTC*, he'd just have to pick non-segwit transactions. His problem is solved. He doesn't need BCH to do that. And, with the BTC mempool at staggering numbers, he's got plenty to pick from.

No, 'ASICBOOST does not work on segwit' is not a probative reason for Jihan's supposed preference of BCH.

*Incidentally, I am not stipulating your assertion that ASICBOOST does not work on segwit. I am just using your hypothetical to show that your conclusion deos not follow from your postulates.

[alexeft]

I'm a newbie when it comes to understanding the mining game and this may not be much of use to most here but to me this automatic switching to higher yields advert on the Bitmain homepage explains a lot with regards to what happened over the weekend. And why that was so coordinated I guess.




I'm assuming then if you have an S9 sitting there and you are observing what it is doing you could potentially also profit from the BTC/BCH trading elsewhere.

As I wrote before, sha256 altcoins have existed for a long time. Why didn't miners switch to them from time to time? Does that stupid machine Jihad advertises
also calculate the mining fees? If yes, it will never switch to BCH mining as it has soooooooooooooo much space and soooooooooooo low fees!
Talk about shooting themselves in the foot! 

[alexeft]

Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.

[flynn]

Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.

Do not denigrate italian cars, all bicoiners willing to buy a lambo.

[alexeft]

Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.

Do not denigrate italian cars, all bicoiners willing to buy a lambo.

Well, my dad used to have a fiat when I was a boy! We still have front suspension parts at home in his closets!!! 

[flynn]

Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.

Do not denigrate italian cars, all bicoiners willing to buy a lambo.

Well, my dad used to have a fiat when I was a boy! We still have front suspension parts at home in his closets!!! 

I drive an alfa 159, love it.

[0zarm]

I may have missed some posts but no one speaks about the possible Segwit2x fork coming.

The Bitcoin Segwit2x would be happening in the next 6 hours according to a Coinbase statement:

https://blog.coinbase.com/bitcoin-segwit2x-update-b69a1c1e5ece


"Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork."

Have a window statement on my coinbase account too preventing BTC transactions pending situation resolves.

[alexeft]

Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.

Do not denigrate italian cars, all bicoiners willing to buy a lambo.

Well, my dad used to have a fiat when I was a boy! We still have front suspension parts at home in his closets!!! 

I drive an alfa 159, love it.

Good for you, happy to hear it! I on the other side won't touch them with a barge pole! Give me a corolla any day! I'll have it for 30 years by just spending pennies and sleep well at night!

[P_Shep]

I may have missed some posts but no one speaks about the possible Segwit2x fork coming.

The Bitcoin Segwit2x would be happening in the next 6 hours according to a Coinbase statement:

https://blog.coinbase.com/bitcoin-segwit2x-update-b69a1c1e5ece


"Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork."

Have a window statement on my coinbase account too preventing BTC transactions pending situation resolves.

More free money!

[alexeft]

Funny thought:
BCH is like FIAT (cars).
Fiat meaning "Fork It Again Toni", as in "Fix It Again Toni" for FIAT cars.

BCH is like FIAT. Fine Income - A Thousand.

I admit it was a nice income!

[BitcoinBunny]

I reckon we hit $8350 today.  

[alexeft]

Why get angry. Bitcoin 15000, BCH 3000. I'm not against.

I got angry at the rhetoric and the hijack attempt, as well as all the lies. Other than that, it's an altcoin just like many others.
For example, I am not angry against bitcoin gold, but they didn't try to hijack anything.

Legitimate effort is legitimate effort and is to be respected.

[flynn]

[alexeft]

Unnecessary nerves. Lessons learned: Bitcoin must intensify. That's all. The kidnapping attempt was segwit2x not bch. But it was more of a violent upgrade. Maybe a useful one, who knows now.

Let me be the judge of all that you say, just as everyone else is.

[sirazimuth]

Why get angry. Bitcoin 15000, BCH 3000. I'm not against.

I got angry at the rhetoric and the hijack attempt, as well as all the lies. Other than that, it's an altcoin just like many others.
For example, I am not angry against bitcoin gold, but they didn't try to hijack anything.

Legitimate effort is legitimate effort and is to be respected.

ATEOTD, the enemy boosted its coin value three fold.
Whether this will hold is anybody's guess....

[AlcoHoDL]

Why get angry. Bitcoin 15000, BCH 3000. I'm not against.

I got angry at the rhetoric and the hijack attempt, as well as all the lies. Other than that, it's an altcoin just like many others.
For example, I am not angry against bitcoin gold, but they didn't try to hijack anything.

Legitimate effort is legitimate effort and is to be respected.

ATEOTD, the enemy boosted its coin value three fold.
Whether this will hold is anybody's guess....

An inflated balloon has a lot of volume, but very little mass...

[HairyMaclairy]

Why get angry. Bitcoin 15000, BCH 3000. I'm not against.

I got angry at the rhetoric and the hijack attempt, as well as all the lies. Other than that, it's an altcoin just like many others.
For example, I am not angry against bitcoin gold, but they didn't try to hijack anything.

Legitimate effort is legitimate effort and is to be respected.

ATEOTD, the enemy boosted its coin value three fold.
Whether this will hold is anybody's guess....

An inflated balloon has a lot of volume, but very little mass...

Makes a bang when it pops

[alexeft]

You're such a wishman, HairyMaclairy 

Why don't you go to an altcoin forum? This is the bitcoin forum. It also has an altcoin section. Go there!

[Rosewater Foundation]

... throw your cat out. I'm a bitcoin holder for 5 years. Everyone here talks about BCH and I can not? You're a little brazen.

Ok I tossed my cat out the window. Now moon?