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

[Bigmacduck]

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

[1714223252]

1714223252

[1714223252]

1714223252

[1714223252]

1714223252

[Savik]

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

Excellent site, thanks for posting this. Anyone know how the profitability would compare it BTC diff goes down -1% and BCH goes up 500% (assuming all else remains equal)?

[roeks]

Shame to see Bitmain mining empty blocks https://blockchain.info/charts/n-transactions-per-block

[tekmobile]

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

The miners won't allow that they have millions locked up in BTC would you walk away from millions just to support a new chain

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

[Sam123]

The  fluctuation price of Bitcoin Cash is huge. Some investors are making a killing But come with a very high risk

[estenity]

what is the best functional wallet for BCC?

[tomkat]

what is the best functional wallet for BCC?

Probably this https://electroncash.org/

[Grrizz]

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

Excellent site, thanks for posting this. Anyone know how the profitability would compare it BTC diff goes down -1% and BCH goes up 500% (assuming all else remains equal)?

http://fork.lol/ give an estimate after BCH difficulty adjustment (in a few of hours) taking into account block rewards and fees too (assuming all remains the same), ~2.45x in favour of BTC, of course then you have the miners moving back to BTC and the BTC difficulty adjustment of something like -8% IIRC shortly after that which isn't taken into account in that, of course Segwit and faster blocks will also help empty the mempool in turn lowering fees so that will bring BTC profitability down a little too.

[Rinaze]

what is the best functional wallet for BCC?

Probably this https://electroncash.org/

Is Electron Cash still crashing with Electrum if both are installed on the same desktop?

[2012]

what is the best functional wallet for BCC?

https://coinomi.com/

I'm using this multi currency wallet in my mobile phone and it's working smoothly so if you are looking for great wallet than it's good choice.

[blueshoe]

This guy wrote
100 blocks until #BCH +300% difficulty retarget. Miners fearing drop in BCH price should switch to #BTC now.
http://fork.lol/pow/retarget

https://twitter.com/ponli137/status/900045983417065474

Is this right? #BCH +300% difficulty retarget

I dont understand what it mean, (bch goes up or down?) ... sounds important

[tekmobile]

This guy wrote
100 blocks until #BCH +300% difficulty retarget. Miners fearing drop in BCH price should switch to #BTC now.
http://fork.lol/pow/retarget

https://twitter.com/ponli137/status/900045983417065474

Is this right? #BCH +300% difficulty retarget

I dont understand what it mean, (bch goes up or down?) ... sounds important

It means that Bitcoin Cash will be 300% more difficult to mine and be much much less profitable and will make BTC over twice as profitable

The fact that it says 300% must be a capped limit because it should be closer to a 600% increase but there is a maximum the difficulty can increase we will find out in a couple of hours what exactly will happen but expect miners to jump back over to BTC and a day or so after the bitcoin difficulty will drop a bit making it even more profitable

[Grrizz]

This guy wrote
100 blocks until #BCH +300% difficulty retarget. Miners fearing drop in BCH price should switch to #BTC now.
http://fork.lol/pow/retarget

https://twitter.com/ponli137/status/900045983417065474

Is this right? #BCH +300% difficulty retarget

I dont understand what it mean, (bch goes up or down?) ... sounds important

It means that Bitcoin Cash will be 300% more difficult to mine and be much much less profitable and will make BTC over twice as profitable

The fact that it says 300% must be a capped limit because it should be closer to a 600% increase but there is a maximum the difficulty can increase we will find out in a couple of hours what exactly will happen but expect miners to jump back over to BTC and a day or so after the bitcoin difficulty will drop a bit making it even more profitable

I think it works by "intended time to retarget (14 days)"/"actual time to retarget (~2.6 days)" so that would be ~5.3-5.4x increase in difficulty.

[TheQuin]

The fact that it says 300% must be a capped limit because it should be closer to a 600% increase but there is a maximum the difficulty can increase we will find out in a couple of hours what exactly will happen but expect miners to jump back over to BTC and a day or so after the bitcoin difficulty will drop a bit making it even more profitable

Someone wrote earlier in this thread that it's capped at x4, so current difficulty plus 300% is the same thing.
 

[Grrizz]

The fact that it says 300% must be a capped limit because it should be closer to a 600% increase but there is a maximum the difficulty can increase we will find out in a couple of hours what exactly will happen but expect miners to jump back over to BTC and a day or so after the bitcoin difficulty will drop a bit making it even more profitable

Someone wrote earlier in this thread that it's capped at x4, so current difficulty plus 300% is the same thing.
 

Ah yea that is correct.

Code:

if (nActualTimespan < nTargetTimespan/4)
        nActualTimespan = nTargetTimespan/4;
if (nActualTimespan > nTargetTimespan*4)
        nActualTimespan = nTargetTimespan*4;

No more than 4x and no less than 1/4x

[winding-coils]

If the hash moves back to BTC, wouldn't unknown just pick up the slack back to ~90% again?  We already know "he" loves it so I think it chugs on.

[Savik]

If the hash moves back to BTC, wouldn't unknown just pick up the slack back to ~90% again?  We already know "he" loves it so I think it chugs on.

Or...He just takes a 12hr breather and the difficulty drops like a rock.

[tekmobile]

If the hash moves back to BTC, wouldn't unknown just pick up the slack back to ~90% again?  We already know "he" loves it so I think it chugs on.

Or...He just takes a 12hr breather and the difficulty drops like a rock.

The difficulty will be much higher than before but yes its possible that it will be manipulated again to cause a drop but you may find other may jump in and take up the slack to stop it especially now there are more pools setup to mine this

Whats most likely going to happen is there will be miners jumping back and forth which will cause the BTC difficulty to drop steadily until it all eventually equalises

[johnsmithx]

what is the best functional wallet for BCC?

https://coinomi.com/

I'm using this multi currency wallet in my mobile phone and it's working smoothly so if you are looking for great wallet than it's good choice.

He asked for a Bitcoin Cash wallet, coinomi doesn't support it.

[xX_otto_Xx]

I see Big Things happening here with Bitcoin Cash Token  $ 678.00 and Sinking.

Bigger Things are happening with The #1 Best Coin ( Bitcoin ) $ 4200.00