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Author Topic: Antpool dedicates 75%Hashrate towards BU  (Read 402 times)
ekoice
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March 19, 2017, 11:03:01 AM
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The largest mining pool Antpool dedicates 75% hashpower towards BU.The Antpool commands 16.6% of global hash rate.On march 7,it initiated a small percentage of its hash power to support BU and now after 10 days,to around 75%.Now 75 %of Antpool's hash rate is counting now towards BU and remaining 25% remaining neutral.What do you think of this move?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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March 19, 2017, 11:04:16 AM
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This is not news. This happened a while ago and many other threads have already discussed this.

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March 19, 2017, 11:05:21 AM
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this mean that only 12% of the total nethash is going to BU, i've seen that the total consensus for bu is already at 30%, so my question is, where the other 18% come from? what other pool are going with bitcoin unlimited, because i heard only about antpool supporting it
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March 19, 2017, 11:06:30 AM
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Again, search before posting, unless you're just trying to increase your post count for your sigspam advertising.
https://coin.dance/blocks

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March 19, 2017, 11:47:04 AM
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This has been discussed a lot in the past, and this has happened at the present time, BU has appeared and works, but it is still in development. However, it is not considered as a formal currency as BTC, it is only considered as an alt coin, and it is very hard to gain value as BTC. I have read a lot of news, there is information that the owners of BTC will be given BU with the same amount, I very much hope BU can achieve a good value so that we can invest and use.
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March 19, 2017, 12:21:49 PM
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This has been discussed a lot in the past, and this has happened at the present time, BU has appeared and works, but it is still in development. However, it is not considered as a formal currency as BTC, it is only considered as an alt coin, and it is very hard to gain value as BTC. I have read a lot of news, there is information that the owners of BTC will be given BU with the same amount, I very much hope BU can achieve a good value so that we can invest and use.

BU and other NON-CORE nodes have no intent to bilateral split the network, they only activate with consensus of the node AND pool majority.
core however bypassed node majority and went straight for a pool majority vote,

but core DO have intent to bilateral split if core win or lose.
turning their winning 95% pools into 100% by orphaning off non segwit pool blocks using bip9.
turning their losing under 95% into 100% by orphaning off non segwit pools and non segwit nodes using UASF.

core are demanding anything not core to split off. out of fear that core do not get to be the bitcoin government.
they worry that having a diverse playground of decentralisation makes it harder for core to force LN down peoples throats to gather fee's to repay the $70m+ back.

LN can function without cores code. but core want LN to be the end solution forced onto people.. rather than just a niche side voluntary service only for those that need it.

if you look at the announcement by the exchanges. and the guy who wrote up the announcement(coindesk editor)
https://www.scribd.com/document/342194766/Hardfork-Statement-3-17-11-00am
then compare the names
http://dcg.co/portfolio/
and then look at how much investment(now repayable debt)
https://www.crunchbase.com/person/barry-silbert/investments

things become much clearer


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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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March 19, 2017, 12:54:36 PM
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Now with antpool it's the most they can achieve and is still not enough to split and this is deadlock. Segwit cant achieve 95% and BTU cant achieve 51%.
This situation is very profitable for chinese miners because the fees remain high they don't want any scaling solution at all
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