[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees

[windows88]

Barring future dishonest timestamping, we missed the chance for seven difficulty drops in a row by mining block #478577 just 53 minutes too soon.  We can still hope for a seventh difficulty drop with the following block (#478583) by hoping that the next block (#478578) doesn't arrive before 04:38:19 UTC.

Height		Time (UTC)		Size		Coinbase Text		REQ-7 Trigger*
478559		Aug  1 18:12:41		1916 kB		/ViaBTC/Welcome to the world, Shuya Yang!/		121 mins
478560		Aug  1 18:33:06		44 kB		/ViaBTC/Hello World!/		111 mins
478561		Aug  1 18:37:19		21 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		97 mins
478562		Aug  1 18:52:58		90 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		95 mins
478563		Aug  1 19:37:44		408 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		60 mins
478564		Aug  1 21:05:15		463 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		335 mins
478565		Aug  1 21:35:44		108 kB		/ViaBTC/Hello World!/		325 mins
478566		Aug  1 21:39:21		10 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		328 mins
478567		Aug  1 23:38:29		421 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		343 mins
478568		Aug  2 01:07:01		377 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		386 mins
478569		Aug  2 02:51:49		376 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		469 mins
478570		Aug  2 03:15:01		86 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		203 mins
478571		Aug  2 16:20:19		4684 kB				186 mins
478572		Aug  2 16:36:31		122 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		301 mins
478573		Aug  2 18:01:34		767 kB				374 mins
478574		Aug  2 18:38:19		268 kB				434 mins
478575		Aug  3 02:03:51		2591 kB				369 mins
478576		Aug  3 02:27:40		195 kB				1124 mins
478577		Aug  3 03:28:05		246 kB				1137 mins
478578								1103 mins
478579								1051 mins
478580								1392 mins
478581								1392 mins
478582								667 mins

* Whenever REQ-7 Trigger is no shorter than 720 minutes, difficulty will drop 20% making mining more profitable and giving us faster confirmations.

blocks arrive faster meaning there are enough hash there, so it's not a bad thing

[junan1]

Unfortunately, it looks like we'll only get the six drops before the usual retarget event.

Height		Time (UTC)		Size		Coinbase Text		REQ-7 Trigger*
478559		Aug  1 18:12:41		1916 kB		/ViaBTC/Welcome to the world, Shuya Yang!/		121 mins
478560		Aug  1 18:33:06		44 kB		/ViaBTC/Hello World!/		111 mins
478561		Aug  1 18:37:19		21 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		97 mins
478562		Aug  1 18:52:58		90 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		95 mins
478563		Aug  1 19:37:44		408 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		60 mins
478564		Aug  1 21:05:15		463 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		335 mins
478565		Aug  1 21:35:44		108 kB		/ViaBTC/Hello World!/		325 mins
478566		Aug  1 21:39:21		10 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		328 mins
478567		Aug  1 23:38:29		421 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		343 mins
478568		Aug  2 01:07:01		377 kB		Pool 1 Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong		386 mins
478569		Aug  2 02:51:49		376 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		469 mins
478570		Aug  2 03:15:01		86 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		203 mins
478571		Aug  2 16:20:19		4684 kB				186 mins
478572		Aug  2 16:36:31		122 kB		/Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong/		301 mins
478573		Aug  2 18:01:34		767 kB				374 mins
478574		Aug  2 18:38:19		268 kB				434 mins
478575		Aug  3 02:03:51		2591 kB				369 mins
478576		Aug  3 02:27:40		195 kB				1124 mins
478577		Aug  3 03:28:05		246 kB				1137 mins
478578		Aug  3 03:58:00		171 kB				1103 mins
478579								1051 mins
478580								1392 mins
478581								1392 mins
478582								667 mins
478582								681 mins

* Whenever REQ-7 Trigger is no shorter than 720 minutes, difficulty will drop 20% making mining more profitable and giving us faster confirmations.

[junan1]

blocks arrive faster meaning there are enough hash there, so it's not a bad thing

In general, yes, but due to the qwirky nature of REQ-7, there was a brief window of opportunity to reduce difficulty by an extra 20-60% over the next few blocks.  By mining just a little bit too quickly, we missed that opportunity and will likely have to work our way through 786 blocks at the higher difficulty until the next retarget.

It would have been far more profitable for Bitcoin Cash miners if they'd have just paused for three hours or so.  This would also have given us significantly faster blocks for a week.

Technically, we could still catch the tail end of this opportunity, but it would require us to go a couple of hours without seeing a block.  We can't really expect this at what is now 50% difficulty but maybe we'll get lucky.

[notabeliever]

okay wallet abc is good just needed to start over again and delete peers

[vingaard]

Where can I find a bootstrap for ABC Wallet? It takes too long to sync 

[amir169]

coinomi wallet added bitcash
is it ok?
anyone test it ?

[wariner]

coinomi wallet added bitcash
is it ok?
anyone test it ?

yes work fine

[adaseb]

I know the blockchain is like 150GB, but if you start the sync how much bandwidth will it use? Still 150GB or is it compressed somehow?

[amir169]

coinomi wallet added bitcash
is it ok?
anyone test it ?

yes work fine

can you import private key from another wallet or just we can use 12 words seed?

[Racer8]

Can I run a bitcoinabc wallet and a core wallet on the same server?

[Racer8]

Can I run a bitcoinabc wallet and a core wallet on the same server?

Yes, if used one at a time - because they use the same port (8333).

Both also use the same data directories name - so you would have to write a script to start each one with their own dedicated blockchain and data directories.

Thanks - I guess that's why I see the ABC wallet connect to Core peers?  Any way to avoid that?

[matt4054]

Both also use the same data directories name - so you would have to write a script to start each one with their own dedicated blockchain and data directories.

You can use the --datadir=/path/to/chain command line switch instead of scripting, both for the bitcoind daemon and the bitcoin-cli command. Be careful with the cookie and access rights though, especially on a multi-user user.

[Amph]

I know the blockchain is like 150GB, but if you start the sync how much bandwidth will it use? Still 150GB or is it compressed somehow?

actually it's less than 130 giga, and it's like you are downloading 130 giga from the web yes

[yogibaer]

Hi!

Did anyone sucessfully install the bitcoinABC wallet (link from post 1) and is in full sync? I installed it on a newly installed linux vm (no other wallets are around there) and syncing now. Anyone claimed their BCH with this wallet sucessully?

Thanks

[vingaard]

Hi!

Did anyone sucessfully install the bitcoinABC wallet (link from post 1) and is in full sync? I installed it on a newly installed linux vm (no other wallets are around there) and syncing now. Anyone claimed their BCH with this wallet sucessully?

Thanks

It is still syncing... it takes longer than kill a pig by kisses

[yogibaer]

Hi!

Did anyone sucessfully install the bitcoinABC wallet (link from post 1) and is in full sync? I installed it on a newly installed linux vm (no other wallets are around there) and syncing now. Anyone claimed their BCH with this wallet sucessully?

Thanks

It is still syncing... it takes longer than kill a pig by kisses

168k block still to go here. no prob maybe a few hours.

[Racer8]

Hi!

Did anyone sucessfully install the bitcoinABC wallet (link from post 1) and is in full sync? I installed it on a newly installed linux vm (no other wallets are around there) and syncing now. Anyone claimed their BCH with this wallet sucessully?

Thanks

I synched my ABC wallet from a copy of a pre-fork core datadir.   Not sure what you mean by claimed but I imported my BTC keys and BCC balance appeared.  You may need to do a rescan.

[yogibaer]

Hi!

Did anyone sucessfully install the bitcoinABC wallet (link from post 1) and is in full sync? I installed it on a newly installed linux vm (no other wallets are around there) and syncing now. Anyone claimed their BCH with this wallet sucessully?

Thanks

I synched my ABC wallet from a copy of a pre-fork core datadir.   Not sure what you mean by claimed but I imported my BTC keys and BCC balance appeared.  You may need to do a rescan.

Thanks!!!

[EkimFlow]

Hey. Have a question: if you have omni layer property on the pre fork bitcoin blockchain, you also have it on the bitcoin cash blockchain right? Can one see that anywhere and interact with it?

[blueshoe]

How to claim BCC if you have BTC wallet in Blockchain.com? Any idea?

You need to get your wallet's private key from blockchain.info and then import it into a bitcoin cash wallet.

Login to your wallet on Blockchain.info.
Goto the 'Settings' Menu on the left.
Goto the 'Addresses' Submenu under 'Settings' Menu.
Click on 'more options' on the right.
Click on 'private key'

Then copy that private key and import it into a new bitcoin cash wallet. You can find the wallets here:
https://www.bitcoincash.org/

Good luck!

Perhaps we see, that Blockchain.com makes a blockchaincash.com side. So we can log in with old passwords and use it.