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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 646395 times)
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December 25, 2018, 07:13:24 AM
 #17761

Wow

Big parcel arrived


https://old.reddit.com/r/bitcoincashSV/comments/a9b26o/wow_merry_christmas_mempoolcom_delivers_a_65mb/

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December 25, 2018, 08:11:51 AM
 #17762

Bitmain is Set to Layoff BCash Developers to Get Rid of Fluff

1-week notice
Signs aren't looking too positive for the Chinese mining giant before it is set to go public on the Hong Kong Stock Exchange.

This time around, Bitmain is reportedly laying off up to 50 employees starting this week. The reason: redundancies.

Allegedly most of the targeted employees are part of the Copernicus team that works on BCash operations.

It could get worse
It might not stop at 50 employees either according to a report from Primitive founding partner Dovey Wan.

If the report is true, the layoffs could target up to 50% of Bitmain’s 2,500 headcount - a massive shakeup for the business looking to IPO.

For now, Bitmain has yet to comment on the matter but according to Dovey Wan, reports like that are ”usually very high accuracy, posted by employees themselves.”
Bcash sugardaddy imploding - the days of bitmain pimping bcash are coming to an end - Bcash bag holders be very afraid.






Sorry, but it looks like Bitmain may be a going down, like the Titanic. 50% of workforce fired.

https://www.ccn.com/bitmain-bitcoin-mining-giant-to-sack-50-of-its-workforce/

Pretty sure this means their IPO is deader than dead. Though Ebang seems to be going thru with their IPO.

https://www.financemagnates.com/cryptocurrency/news/crypto-miner-ebang-re-files-for-ipo-despite-weak-q3-results/

Well, even for ASIC makers and big players like Bitmain...sh*t just got real!





I am not surprised by the lay-offs. Basically many Crypto companies right now are either going bankrupt or having to lay-off a large number of employees, this shouldn't be a big surprise.

Most likely they got less demand for their miners and don't need many of their employees anymore. If the bitcoin mining business improves in the near future then they will re-hire all those people.

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December 25, 2018, 09:08:38 AM
 #17763

This kind of sudden drop indicating this is very dangerous coin to buy at any stage and if it will go down again under $100 than it is good but rumors from Bitmain looking could b ring big crash in coming days.
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December 25, 2018, 09:43:37 AM
Last edit: December 25, 2018, 10:21:02 AM by alevlaslo
 #17764

BCH is very dependent on the position of the company. If it is bad, then the BCH price falls stronger than others, and if it is good, then the price grows stronger than others. The company is experienced, survived 2015, so knows what to do, I think we have nothing to worry about

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December 25, 2018, 10:10:34 AM
 #17765

BCH is very dependent on the position of the company. If it is bad, then the BCH price falls stronger than others, and if it is good, then the price grows stronger than others. The company is experienced, survived 2015, so knows what to do, I think we have nothing to worry about

This time situation is totally different as compare with 2015 than BCH was not exist and they were support the original coin. Now they are promoting fake coin and trying to scam the people and that is why there in trouble.


OOOBTC.com




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alevlaslo
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December 25, 2018, 10:21:11 AM
Last edit: December 25, 2018, 11:04:29 AM by alevlaslo
 #17766

No need to fight with bitcoin and try to replace it, BCH is a great currency of Bitmain, analogue of its shares, even better. I think just need to change the name of the coin, like "Bitmain Coin Holder"

The government does not ban bitcoin and BCH because it is a good buyer of electricity. The world is ruled not by the President, not by the government, not by banks, but by energy companies. The threat to them is always eliminated at the root and by any means. If bitcoin is a threat to banks, that banks will be eliminated, not bitcoin.
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December 25, 2018, 04:01:27 PM
 #17767

BCH is very dependent on the position of the company. If it is bad, then the BCH price falls stronger than others, and if it is good, then the price grows stronger than others. The company is experienced, survived 2015, so knows what to do, I think we have nothing to worry about

This time situation is totally different as compare with 2015 than BCH was not exist and they were support the original coin. Now they are promoting fake coin and trying to scam the people and that is why there in trouble.

I’m really not into BCH or BSV but I really think bitmain wants BCH to succeed and be a good coin.

The fork is doing incredible collateral damages to the entire industry.
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December 25, 2018, 09:22:46 PM
 #17768

The appearance of BTG and similar forks every day does not affect the bitcoin exchange rate, and the appearance of BSV does not affect BCH in any way
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December 25, 2018, 11:47:14 PM
 #17769

The appearance of BTG and similar forks every day does not affect the bitcoin exchange rate, and the appearance of BSV does not affect BCH in any way

It doesn't now but after the BCH fork last year, there were periods where there was some form of correlation.

What happened was when BTC had a bearish day, BCH had a bullish day. This was evident when the BTC difficulty was high while the miners switched to mine BCH since it was profitable.

Right now I am seeing the opposite. When BTC had a bullish day then BCH usually follows and vice versa. Because there were days recently when ETH was bullish and both BTC/BCH were bearish or neutral and the same was true in vice versa.

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December 26, 2018, 02:08:31 AM
 #17770

bitmain have a bad news but i think this market will rise up very soon .

bitcoin cash price  will reach $200  this weeks
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December 26, 2018, 02:19:38 AM
 #17771


Interesting. Had not previously run across this Dr Roy Murphy. Is he pervasive? Is he truthful?

I think his reputation has the previous blemish since he was promoting the bitconnect scam.  Proceed with extre-e-eme caution on that one if at all IMO.

I didn't follow the bitconnect scam, as it was clear from the outset that it was a scam.

If Murphy's claim is to be believed, some 17 posts he made out of hundreds even mentioned bitconnect, and those were skeptical. IOW, that he did not promote it. Is he lying about this?

The Bitcoin Cash's symbol was to be BCC, but the bitcoinconnet uses BCC, so it was changed to BCH.
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December 26, 2018, 02:56:49 AM
 #17772


Interesting. Had not previously run across this Dr Roy Murphy. Is he pervasive? Is he truthful?

I think his reputation has the previous blemish since he was promoting the bitconnect scam.  Proceed with extre-e-eme caution on that one if at all IMO.

I didn't follow the bitconnect scam, as it was clear from the outset that it was a scam.

If Murphy's claim is to be believed, some 17 posts he made out of hundreds even mentioned bitconnect, and those were skeptical. IOW, that he did not promote it. Is he lying about this?

I did not follow the Bitconnect thing for the same reason as you.  That said, there are some well done expose type videos about this Roy guy.  here is just one example https://www.youtube.com/watch?v=h2azQRMBLno&t=2s

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December 26, 2018, 04:52:56 AM
 #17773

This kind of sudden drop indicating this is very dangerous coin to buy at any stage and if it will go down again under $100 than it is good but rumors from Bitmain looking could b ring big crash in coming days.

the sudden drop also cut across btc and other alts that saw some % raise in price this few days, besides the signs where there for those who have little experience about market behavior, i mean, the price held for $200+ for a day or so before dropping, if i had bought in at $94 i would have taken my profit already, but if you where greedy, then certainly the result wont be pleasant.
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December 26, 2018, 10:06:43 AM
 #17774

bitmain have a bad news but i think this market will rise up very soon .

bitcoin cash price  will reach $200  this weeks

https://bitcoinist.com/bitmain-bitcoin-mining-layoffs/

Abc dead? How many class actions pending?

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December 26, 2018, 10:56:19 AM
 #17775

Bitmain Confirms Layoffs Underway Amid ‘Adjustments,’

Official sources withint Bitmain has confirmed that it will be laying off employees after rumors circulating.

“It’s affirmative. The layoff will start next week and involves more than 50 percent of the entire Bitmain’s headcount,” replied one verified Bitmain staff on Maimai
(China-based social media where the rumor first emerged) to the thread.

The source added this round of operational adjustments has an impact on virtually all business units of Bitmain, including its flagship mining pool product.

https://www.coindesk.com/layoffs-underway-amid-business-adjustments-bitcoin-miner-bitmain-confirms
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December 26, 2018, 02:01:24 PM
 #17776

Bitmain Confirms Layoffs Underway Amid ‘Adjustments,’

Official sources withint Bitmain has confirmed that it will be laying off employees after rumors circulating.

“It’s affirmative. The layoff will start next week and involves more than 50 percent of the entire Bitmain’s headcount,” replied one verified Bitmain staff on Maimai
(China-based social media where the rumor first emerged) to the thread.

The source added this round of operational adjustments has an impact on virtually all business units of Bitmain, including its flagship mining pool product.

https://www.coindesk.com/layoffs-underway-amid-business-adjustments-bitcoin-miner-bitmain-confirms

Their own greed has caused this downfall. A fitting end, I have to say.  Roll Eyes

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December 26, 2018, 02:20:23 PM
 #17777


Interesting. Had not previously run across this Dr Roy Murphy. Is he pervasive? Is he truthful?

I think his reputation has the previous blemish since he was promoting the bitconnect scam.  Proceed with extre-e-eme caution on that one if at all IMO.

I didn't follow the bitconnect scam, as it was clear from the outset that it was a scam.

If Murphy's claim is to be believed, some 17 posts he made out of hundreds even mentioned bitconnect, and those were skeptical. IOW, that he did not promote it. Is he lying about this?

I did not follow the Bitconnect thing for the same reason as you.  That said, there are some well done expose type videos about this Roy guy.  here is just one example https://www.youtube.com/watch?v=h2azQRMBLno&t=2s

A P.hd graduate in theoretical computer science at MIT just happened to live this insane life of achievements yet ALSO made 17 videos on Bitconnect and held a livestream 4 days prior to the bitconnect crash  Cheesy

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December 26, 2018, 03:33:20 PM
 #17778

bitmain have a bad news but i think this market will rise up very soon .

bitcoin cash price  will reach $200  this weeks

https://bitcoinist.com/bitmain-bitcoin-mining-layoffs/

Abc dead? How many class actions pending?


abc is beecash rite? .. i'm new here  Cool  hehe

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December 26, 2018, 06:31:21 PM
 #17779


Probably not. Why would it? The ABC chain enjoys a healthy dev ecosystem, with multiple competing clients working. The dissolution of the paid team for one of these implementations will likely have a negligible effect upon the coin.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

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December 26, 2018, 06:46:37 PM
 #17780


Probably not. Why would it? The ABC chain enjoys a healthy dev ecosystem, with multiple competing clients working. The dissolution of the paid team for one of these implementations will likely have a negligible effect upon the coin.



Bitmain as high as 85% layoffs. Thus prepared for the dump of BCH!

Thus the effect on BTC and other cryptos will be down (at least for a bit) on this coming dump, IMHO. (hope to be wrong)

ah...Bitmain...true evil...when it dumps the remaining BCH and spooks the BTC and other crypto markets again...

I will HOPE it is just sideways in BTC price in the near future as a result

Bitmain: evil never rests...finally may be vanquished!

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