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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 703957 times)
ammy009
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August 02, 2017, 08:15:00 PM
 #2201

oh my god .... what's' happening  Huh My BCC tx was never confirmed. 16 Hours gone  Angry

Elpeor00
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August 02, 2017, 08:16:05 PM
 #2202




Because Zcash was not enought?

 Roll Eyes
popcoins
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August 02, 2017, 08:19:11 PM
 #2203

What is the best wallet to use for Bitcoin Cash?
I downloaded the Bitcoin Unlimited Wallet, I have it running and started to syn since yesterday.
So I want to know if I need to have it syn from the beginning or not in order to use it.
Please someone can give me some advice,
Thank you!


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tekmobile
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August 02, 2017, 08:20:49 PM
 #2204

What is the best wallet to use for Bitcoin Cash?
I downloaded the Bitcoin Unlimited Wallet, I have it running and started to syn since yesterday.
So I want to know if I need to have it syn from the beginning or not in order to use it.
Please someone can give me some advice,
Thank you!

I was doing the same but ended up just using electron cash
mirny
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August 02, 2017, 08:25:54 PM
 #2205

Btw, poloniex is down for me right now,
so just wonder if they just woke up, and are implementing bch right now.
because yesterday on bittrex only on bch they had bigger volume, then whole polo with all currencies altogether.

This is my signature...
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August 02, 2017, 08:26:18 PM
 #2206

Only two blocks to go before the difficulty cascade begins!

Height
   
Time (UTC)
   
Size
   
Coinbase Text
   
REQ-7 Trigger*
478559Aug  1 18:12:41
1916 kB
/ViaBTC/Welcome to the world, Shuya Yang!/
121 mins
478560Aug  1 18:33:06
44 kB
/ViaBTC/Hello World!/
111 mins
478561Aug  1 18:37:19
21 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
97 mins
478562Aug  1 18:52:58
90 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
95 mins
478563Aug  1 19:37:44
408 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
60 mins
478564Aug  1 21:05:15
463 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
335 mins
478565Aug  1 21:35:44
108 kB
/ViaBTC/Hello World!/
325 mins
478566Aug  1 21:39:21
10 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
328 mins
478567Aug  1 23:38:29
421 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
343 mins
478568Aug  2 01:07:01
377 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
386 mins
478569Aug  2 02:51:49
376 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
469 mins
478570Aug  2 03:15:01
86 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
203 mins
478571Aug  2 16:20:19
4684 kB
186 mins
478572Aug  2 16:36:31
122 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
301 mins
478573Aug  2 18:01:34
767 kB
374 mins
478574Aug  2 18:38:19
268 kB
434 mins
478575
369 mins
478576
1124 mins
478577
1137 mins
478578
1103 mins
478579
1051 mins

* If REQ-7 Trigger hits 720 minutes then difficulty will drop 20% making mining more profitable and giving us faster confirmations.
Faster confirmations perhaps, but not necessarily even close to the ~10m block time bitcoin has. The miners of Bitcoin Cash have not been loyal and the fact that Bitmain was supposedly the main supporter should put them in shame. They clearly didn't plan this ahead well enough and didn't put in the right hashrate to support their creation at its first steps. The fact that difficulty retargets have this REQ-7 doesn't even help much as even with it, when miners pull out as they did it still takes ages to reach a retarget. BCash is vulnerable to profit switch mining in the same manner Litecoin was years ago.

..Stake.com..   ▄████████████████████████████████████▄
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..PLAY NOW..
evok3d
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August 02, 2017, 08:30:02 PM
 #2207

https://i.paste.pics/333f7f56a275e71d52405eabe4cacc64.png



why do i have this error while sending any transaction with bcc ?

mandatory-script-verify-flag-failed(signature must be zero for failed CHECK.....)

i did make any signature

Check your "coins" tab and also check your server.  Ive been moving coins from my Electron BCC wallet

+1

Also, is it possible to move my BTC to my trezor address now that the fork has happened to claim my BCC? Or does it need to be done via the address that contained the BTC at the time of the fork?

Cheers for your help Smiley

  M E   D I   A
P  R -    ▄▄███████▄▄   
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- T  O  C - O - L
MEDIA Protocol in Action
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 ▀███████████████████████▀  
   ▀▀███████████████████▀    
junan1
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August 02, 2017, 08:31:11 PM
 #2208

Everyone is declaring BCH dead because the mine no blocks

but

If there arent 6 blocks mined every 12 hours difficulty will drop 20% every time. So if no blocks are founds diff will drop in a matter of days to a lvl that will be profitable to mine especially with these manipulated prices seen on the exchanges.

So if you want BCH to fail shouldnt it be better to mine more 6 blocks every 12 hour so diff ajustment wont take place untill another three months?

https://www.reddit.com/r/Bitcoin/comments/6r368j/bcash_will_mine_around_one_block_every_2_hours/

It's too late for such a strategy.  Thanks to the 12-hour gap, we have six, back-to-back difficulty drops locked in.  Difficulty will start reducing with block #478576.  By the time we reach block #478581 the difficulty will have dropped from 860 billion to 225 billion (making it 3.8 times more profitable to mine BCH than before).
ZenFr
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August 02, 2017, 08:31:53 PM
 #2209

Only two blocks to go before the difficulty cascade begins!

Height
   
Time (UTC)
   
Size
   
Coinbase Text
   
REQ-7 Trigger*
478559Aug  1 18:12:41
1916 kB
/ViaBTC/Welcome to the world, Shuya Yang!/
121 mins
478560Aug  1 18:33:06
44 kB
/ViaBTC/Hello World!/
111 mins
478561Aug  1 18:37:19
21 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
97 mins
478562Aug  1 18:52:58
90 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
95 mins
478563Aug  1 19:37:44
408 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
60 mins
478564Aug  1 21:05:15
463 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
335 mins
478565Aug  1 21:35:44
108 kB
/ViaBTC/Hello World!/
325 mins
478566Aug  1 21:39:21
10 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
328 mins
478567Aug  1 23:38:29
421 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
343 mins
478568Aug  2 01:07:01
377 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
386 mins
478569Aug  2 02:51:49
376 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
469 mins
478570Aug  2 03:15:01
86 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
203 mins
478571Aug  2 16:20:19
4684 kB
186 mins
478572Aug  2 16:36:31
122 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
301 mins
478573Aug  2 18:01:34
767 kB
374 mins
478574Aug  2 18:38:19
268 kB
434 mins
478575
369 mins
478576
1124 mins
478577
1137 mins
478578
1103 mins
478579
1051 mins

* If REQ-7 Trigger hits 720 minutes then difficulty will drop 20% making mining more profitable and giving us faster confirmations.
A little bit surprised...
And what is this miner in an hotel in Taiwan : not clear at all, no ?
tekmobile
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August 02, 2017, 08:37:26 PM
 #2210

And what is this miner in an hotel in Taiwan : not clear at all, no ?

https://news.bitcoin.com/the-trading-center-in-hk-where-they-mined-most-of-the-bitcoin-cash-blocks/
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August 02, 2017, 08:39:42 PM
 #2211

Only two blocks to go before the difficulty cascade begins!

Height
   
Time (UTC)
   
Size
   
Coinbase Text
   
REQ-7 Trigger*
478559Aug  1 18:12:41
1916 kB
/ViaBTC/Welcome to the world, Shuya Yang!/
121 mins
478560Aug  1 18:33:06
44 kB
/ViaBTC/Hello World!/
111 mins
478561Aug  1 18:37:19
21 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
97 mins
478562Aug  1 18:52:58
90 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
95 mins
478563Aug  1 19:37:44
408 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
60 mins
478564Aug  1 21:05:15
463 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
335 mins
478565Aug  1 21:35:44
108 kB
/ViaBTC/Hello World!/
325 mins
478566Aug  1 21:39:21
10 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
328 mins
478567Aug  1 23:38:29
421 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
343 mins
478568Aug  2 01:07:01
377 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
386 mins
478569Aug  2 02:51:49
376 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
469 mins
478570Aug  2 03:15:01
86 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
203 mins
478571Aug  2 16:20:19
4684 kB
186 mins
478572Aug  2 16:36:31
122 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
301 mins
478573Aug  2 18:01:34
767 kB
374 mins
478574Aug  2 18:38:19
268 kB
434 mins
478575
369 mins
478576
1124 mins
478577
1137 mins
478578
1103 mins
478579
1051 mins

* If REQ-7 Trigger hits 720 minutes then difficulty will drop 20% making mining more profitable and giving us faster confirmations.
Faster confirmations perhaps, but not necessarily even close to the ~10m block time bitcoin has. The miners of Bitcoin Cash have not been loyal and the fact that Bitmain was supposedly the main supporter should put them in shame. They clearly didn't plan this ahead well enough and didn't put in the right hashrate to support their creation at its first steps. The fact that difficulty retargets have this REQ-7 doesn't even help much as even with it, when miners pull out as they did it still takes ages to reach a retarget. BCash is vulnerable to profit switch mining in the same manner Litecoin was years ago.

How do you know this? Currently Bcash has the same difficulty as bitcoin, yet probably a fraction of the hash rate... which means, it will take more time for the network to find a block. It doesn't mean they aren't hashing their little CPU assess off.

As the difficulty adjusts we will see how much actual hash power is on the network, but it will take some adjustments for it to find it's feet.

I am holding judgement until the block times stabilize. But, it's great to see 4 MB plus blocks. Wink
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August 02, 2017, 08:41:46 PM
 #2212

Only two blocks to go before the difficulty cascade begins!

Height
   
Time (UTC)
   
Size
   
Coinbase Text
   
REQ-7 Trigger*
478559Aug  1 18:12:41
1916 kB
/ViaBTC/Welcome to the world, Shuya Yang!/
121 mins
478560Aug  1 18:33:06
44 kB
/ViaBTC/Hello World!/
111 mins
478561Aug  1 18:37:19
21 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
97 mins
478562Aug  1 18:52:58
90 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
95 mins
478563Aug  1 19:37:44
408 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
60 mins
478564Aug  1 21:05:15
463 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
335 mins
478565Aug  1 21:35:44
108 kB
/ViaBTC/Hello World!/
325 mins
478566Aug  1 21:39:21
10 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
328 mins
478567Aug  1 23:38:29
421 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
343 mins
478568Aug  2 01:07:01
377 kB
Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong
386 mins
478569Aug  2 02:51:49
376 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
469 mins
478570Aug  2 03:15:01
86 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
203 mins
478571Aug  2 16:20:19
4684 kB
186 mins
478572Aug  2 16:36:31
122 kB
/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/
301 mins
478573Aug  2 18:01:34
767 kB
374 mins
478574Aug  2 18:38:19
268 kB
434 mins
478575
369 mins
478576
1124 mins
478577
1137 mins
478578
1103 mins
478579
1051 mins

* If REQ-7 Trigger hits 720 minutes then difficulty will drop 20% making mining more profitable and giving us faster confirmations.
Faster confirmations perhaps, but not necessarily even close to the ~10m block time bitcoin has. The miners of Bitcoin Cash have not been loyal and the fact that Bitmain was supposedly the main supporter should put them in shame. They clearly didn't plan this ahead well enough and didn't put in the right hashrate to support their creation at its first steps. The fact that difficulty retargets have this REQ-7 doesn't even help much as even with it, when miners pull out as they did it still takes ages to reach a retarget. BCash is vulnerable to profit switch mining in the same manner Litecoin was years ago.

Right, Req-7 will end once blocks happen every 2 hrs so the block chain is still almost useless at that point.

How can these devs on the Bitcoin cash team be that blatantly ignorant???
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August 02, 2017, 08:50:32 PM
Last edit: August 02, 2017, 09:04:31 PM by blueshoe
 #2213

"Please consider referring to Bitcoin Cash as BCH"
Found this text, that makes sense
https://forums.prohashing.com/viewtopic.php?f=11&t=1753
edit:
Link shows this text
Postby Steve Sokolowski » Wed Aug 02, 2017 8:44 am
I wish I had been around to write about Bitcoin Cash last week, but we've been very busy trying to improve performance of our system. My one-line advice last week, which appears to be good for this morning at least, remains: don't sell Bitcoin Cash. It's going to be up and down for months, but people like us who actually send Bitcoin will continue to notice that the SegWit2x Bitcoin will remain overloaded and unusable. Meanwhile, Bitcoin Cash cleared out its entire mempool with each block. Technical stuff like that actually matters. Plus, the SegWit2x Bitcoin still has the same Core developers to deal with, it will remain mired in political deadlock, and it has uncertainty about the upcoming hard fork.

But the main point of this post is to implore people to begin referring to Bitcoin Cash as "BCH," a ticker symbol that was previously unused. While the exact symbol is unimportant, this seems as good as any because it has the most widespread usage so far. I urge community members to drop other symbols like "BCC." For one, the multiple symbols needlessly complicates software. Chris has wasted over a day now rewriting code to deal with this inconsistency. There are no other major coins that have inconsistent ticker symbols across exchanges.

More importantly, BCC has long been used by Bitconnectcoin, a popular coin with a high market capitalization. A search for the price of BCC can return the price of Bitconnectcoin, which has no relation to Bitcoin Cash. It has also been used to refer to Bitcoin Classic and even designates a futures market trading the hypothetical user-activated soft fork, which was averted. This user-activated soft fork is the complete opposite of what BCH is!

Please consider referring to Bitcoin Cash as BCH. We are submitting tickets to exchanges to suggest the same today. Referring to the coin as BCC causes people to accidentally buy and sell Bitconnectcoin, confuses people about Bitcoin Classic and Bitcoin Core, and creates unnecessary coding and debugging to deal with conflicting ticker symbols.
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tekmobile
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August 02, 2017, 08:52:27 PM
 #2214

"Please consider referring to Bitcoin Cash as BCH"
Found this text, that makes sense
https://forums.prohashing.com/viewtopic.php?f=11&t=1753

I do already for me thats now the accepted standard
muf18
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August 02, 2017, 08:53:38 PM
 #2215

Omg it's so bad...
They don't even have retarget difficulty at every block? How retarted this is...It gained so massive market cap only thanks to support most of the exchanges...
techtot
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August 02, 2017, 09:02:39 PM
 #2216

I sent a small amount to HitBTC and it has habeen at least 2 hours..i don't want to send more until I see this Sh*t work.  On the "blockchair" exlporer for BCC it shows my transaction included in a block, but there is no indication of how many confirms..how do you find out the # of confirms?

Should I send more since it takes so long ?  Have you guys deposited to BCC , and then to BTC on HitBTC succesfully? (and back to your own wallet)
CORNEL
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August 02, 2017, 09:06:49 PM
 #2217

Situation is really confusing about to make deposit on bittrex don't why they are not allowing to take withdraw or make deposit there even on Liqui and as well on Yobit too. I think no exchange will active this market to make deposit.
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August 02, 2017, 09:08:34 PM
 #2218

ViaBTC is mining only 18% of the blocks (https://cash.coin.dance/blocks), so 82% of hashpower is elsewhere. Even if Via has dropped below 100Ph/s, that would mean total mining capacity is roughly ~500Ph/s. Difficulty is still high, but will adjust radically in the next few days.

Interesting analysis.  Let's try estimating Bitcoin Cash's hashrate from a different angle for comparison.

Bitcoin Cash's fork began at 13:16:14 UTC on August 1st and, since then, the proof-of-work target has been 0x014735 * 256^(0x18 - 3).  Each of the 16 blocks we've seen up until this point evidence 2^256 / target work giving us an estimate for the total number of hashes computed so far of 59114200954343302767184.  This corresponds to a steady 516 PHash/s (3.s.f).
fedoros
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August 02, 2017, 09:16:28 PM
 #2219

https://i.paste.pics/333f7f56a275e71d52405eabe4cacc64.png



why do i have this error while sending any transaction with bcc ?

mandatory-script-verify-flag-failed(signature must be zero for failed CHECK.....)

i did make any signature

Check your "coins" tab and also check your server.  Ive been moving coins from my Electron BCC wallet

+1

Also, is it possible to move my BTC to my trezor address now that the fork has happened to claim my BCC? Or does it need to be done via the address that contained the BTC at the time of the fork?

Cheers for your help Smiley

i tried using another server. i tried looking inside coins tab(all looks good there). still same error.
i tried import my private key of address that has bcc inside(according to my wallet and bitcoin cash explorer) to coinomo but it says "Error adding private key. It has no balance"
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August 02, 2017, 09:22:58 PM
 #2220

https://i.paste.pics/333f7f56a275e71d52405eabe4cacc64.png

why do i have this error while sending any transaction with bcc ?

mandatory-script-verify-flag-failed(signature must be zero for failed CHECK.....)

i did make any signature

Check your "coins" tab and also check your server.  Ive been moving coins from my Electron BCC wallet

I can verify this solution if you are using Electron Cash. Thank you so much!

Change server to:
electrum-abc.criptolayer.net

Thank you community for doing the right thing and increasing the blocksize. I am so surprised how no-one has come to the obvious conclusion that this is the most logical thing to do. Miners have tainted the bitcoin image. In a conversation the other day Charlie Shrem said the most outrageous thing when i had left a comment as to what he thought about the original concept which is that Bitcoin is suppose to help the unbanked, and sadly due to its current fees, it is far away from that concept. Also why the block size was not increased in the years leading us here before it was such a critical thing. It would seem like an obvious solution given the amount of storage available increases year by year.

he said "If you want to move around large amounts of money, you are going to have to pay for it, it was never designed for micro payments." followed by some other elitist/arrogant comments. Clearly showing no respect or understanding for the people in third-world countries who want to use it, a place where 1 euro is a LOT of money.

Video: https://youtu.be/V2R8RwixxNU?t=21m21s

I would like to remind everyone of Satoshi's original comments:
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible."

Followed by:
"The usual solution is for a trusted company with a central database to check for double-spending, but that just gets back to the trust model. In its central position, the company can override the users, and the fees needed to support the company make micropayments impractical."

Charlie Shrem pretty much contradicted the very idea presented by Satoshi and assumed he knew what bitcoin was designed to do better than Satoshi. The most beautiful thing about Bitcoin that got me into it many years a go, was the low fees and decentralisation and sadly i am seeing that washed away by greed, the human virus.

Thank you for going against that and returning some sanity.


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