AntPool - switch to Bitcoin Unlimited

[cjmoles]

So, wait a minute....If this results in a bitcoin fork will my coin immediately double if I am using the Bitcoin Unlimited client when this happens? I know my ethereum holding's doubled....The ETH chain preserved it's value but the ETC chain, while still maintaining some value, dropped.  I sold my ETC immediately for ETH so I gained....But, what might happen here?  Should we be prepared by running both clients, just in case?

[FiendCoin]

AntPool, the biggest BTC miner switch their Entire Pool to Bitcoin Unlimited

https://www.bloomberg.com/news/articles/2017-03-13/bitcoin-miners-signal-revolt-in-push-to-fix-sluggish-blockchain

well, what's next? 

How long before f2pool switches to BU?

[Hydrogen]

If a split occurs antpool and bitcoin unlimited will both die.

Antpool only processes transactions with high miner fees.

Which in turn, slows down transaction rates, nullifying any advantages that could be gained by a larger block size.

http://www.nasdaq.com/article/something-odd-is-happening-at-bitcoins-largest-mining-pool-cm756139

Everyone will stick with bitcoin core, as the transaction fees will be far less.

[matt11235]

https://www.bloomberg.com/news/articles/2017-03-13/bitcoin-miners-signal-revolt-in-push-to-fix-sluggish-blockchain

Feel like the headline is a bit sensationalist 

[mayax]

if another big miner will follow Antpool, the "show" will come...

[jonald_fyookball]

If a split occurs antpool and bitcoin unlimited will both die.

Antpool only processes transactions with high miner fees.

Which in turn, slows down transaction rates, nullifying any advantages that could be gained by a larger block size.

http://www.nasdaq.com/article/something-odd-is-happening-at-bitcoins-largest-mining-pool-cm756139

Everyone will stick with bitcoin core, as the transaction fees will be far less.

 
How you managed to make 5 or 6 logical errors in 4 sentences is baffling.

Needless to say, what one pool does doesn't dictate what the network as a whole will do.

[eule]

Why should a coin die if a few miners keep mining it? Mining might even become profitable again.

I think both coins should and will coexist, hopefully in a peaceful manner.

Also just switch pools if you don't agree with them.

[Hydrogen]

 
How you managed to make 5 or 6 logical errors in 4 sentences is baffling.

Needless to say, what one pool does doesn't dictate what the network as a whole will do.

What one pool does, dictates (to a large degree) what the network as a whole will do, when said network(antpool) is one of the largest in the world and comprises a very large percentage of transactions.

Ok. Let's see your comeback to that, mr. "logical errors".

 

[jonald_fyookball]

What one pool does, dictates (to a large degree) what the network as a whole will do, when said network(antpool) is one of the largest in the world and comprises a very large percentage of transactions.

Ok. Let's see your comeback to that, mr. "logical errors".

 

There is a market for transaction fees and I suppose a large pool does impact the market, so score one for you lol.  But it is still a market and the pool must compete for fees.

The real problem with high fees is artificial scarcity (small blocks) in terms of supply and demand in that market.  

[ASHLIUSZ]

According to Vinny Lingham, we might see below $800 price any time soon when the hard fork happens. That's what he said and we all know that 90% of his predictions were accurate.

Yeah Vinny makes closer prediction to the reality. In a recent article before the etf rejection quoted similar statements put forth by the SEC committee stating the disapproval of etf. So same as him several experts have predicted a downfall but bitcoin have surpassed those impacts. Even during the antpool getting potential price got lowered and soon started to increase, which is not the same as experts prediction.

[Viscount]

BU is corpse anyway, nothing changed.  Antpool did what I suggested many times. Temporary join the corpse to make it reaches 51% and splits the fuck off forever. Then switch to true Bitcoin. Antpool is tired of waiting and decided to speed up the events.

[7788bitcoin]

It is not even half way (37.5%) from the required 75% blocks. It think BU will still need more miner support. However, comparing to Segwit activation (95%), BU is looking more promising...

[bitcampaign]

What is this terrible thing when a lot of big miners choose BU, I think if it was the best way to solve the problem bitcoin why not

[Amph]

So, wait a minute....If this results in a bitcoin fork will my coin immediately double if I am using the Bitcoin Unlimited client when this happens? I know my ethereum holding's doubled....The ETH chain preserved it's value but the ETC chain, while still maintaining some value, dropped.  I sold my ETC immediately for ETH so I gained....But, what might happen here?  Should we be prepared by running both clients, just in case?

from what i've understood, there can only be one chain not two or three or whatever, every other chain which isn't the main chain will be n altcoin, if this new chain will have a value, that is another story

if they reach the needed % for their consensus, that chain will be the enw bitcoin, as the majority of miners will solve new block for that chain, and exchange and merchants will be forced to use that fork

but now that i think aout it what would happen if exchange and merchant will remain with the original chain?

[pooya87]

So, wait a minute....If this results in a bitcoin fork will my coin immediately double if I am using the Bitcoin Unlimited client when this happens? I know my ethereum holding's doubled....The ETH chain preserved it's value but the ETC chain, while still maintaining some value, dropped.  I sold my ETC immediately for ETH so I gained....But, what might happen here?  Should we be prepared by running both clients, just in case?

NO, result of fork is not what you have in mind, result of split is what you are describing. and split is not going to happen easily.

and stop comparing bitcoin with Ethereum. ethereum is a shit-manupulation-coin the only reason why there are two of it remaining is that handful of whales owning 80+% of the coins are controlling everything. also there were 0 consensus in that fork so it resulted in split.

and i assure you, that your bitcoin value won't be doubled in case of split. it will be worth less actually. if bitcoin splits and both chains remain active you can consider your coins be worth $400 + $400 = $800 or less.
unless the split is majority on one chain (whichever  it is) and the minority be left with an orphan nobody accepts and by nobody i mean no exchange, no services,...

[shannen87]

If HARD FORK happens BTC price will drop to even $200.
So, no your capital WILL NOT double.

[NorrisK]

If HARD FORK happens BTC price will drop to even $200.
So, no your capital WILL NOT double.

Where do you pull those numbers from? It all depends on how the fork is executed and how both chains are going to co-exist.

If something like eth and etc happens, the total value will be much higher than the original value.

[Herbert2020]

If HARD FORK happens BTC price will drop to even $200.
So, no your capital WILL NOT double.

Where do you pull those numbers from? It all depends on how the fork is executed and how both chains are going to co-exist.

If something like eth and etc happens, the total value will be much higher than the original value.

this is what an FUD looks like
they don't need reason nor logic. they just play with words or like him just spam some words out with some numbers in them. and when you read them over and over again everywhere you start thinking what if price really drops to $200 and that's when they succeed and you lose money because you fell for a trick.

and no you can not possibly tell what the total value would be in case something like etc/eth happens, it can crash the price pretty hard or it can be $1050 and $2

[paul gatt]

This is not a good thing, it is a one-sided and greedy idea. Because of their greed, they are making people suffer. Converted to antipool, this means bitcoin will be released indefinitely, and then the bitcoin value will be severely degraded. The miners are expressing their greedy nature, seeking to enrich themselves and not think about anyone else. We oppose this, I wish we all hold on. Say no to antipool!!!!!!!!!!!!!! 

[shinratensei_]

According to Vinny Lingham, we might see below $800 price any time soon when the hard fork happens. That's what he said and we all know that 90% of his predictions were accurate.

Can you give me a prove? But if that will become true and i just curious to know when will the HF happen in the future. Just put my alarm to sell my bitcoin on the high price and waiting for the HF and buy back after the hardfork.