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tekmobile
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October 28, 2017, 10:29:33 PM |
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Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days: https://fork.lol/pow/hashrateinterestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump. Also interestingly, this time it does not correlate with a price crash. Which means that this new hashpower is holding onto their newly-mined BTC. Pretty much all the BCH miners are holding on most of the used wallets have remain untouched What is interesting though this time is F2 Pool seems to have moved a huge amount of hashing power over and with them being pro core it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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bones261
Legendary
 Offline
Activity: 1806
Merit: 1826
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October 28, 2017, 10:33:32 PM |
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Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days: https://fork.lol/pow/hashrateinterestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump. Also interestingly, this time it does not correlate with a price crash. Which means that this new hashpower is holding onto their newly-mined BTC. Pretty much all the BCH miners are holding on most of the used wallets have remain untouched What is interesting though this time is F2 Pool seems to have moved a huge amount of hashing power over and with them being pro core it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends My understanding is F2pool offers the option for the BCH miners to get automatically paid in BTC. You can pretty much expect the dumps to be coming for any coins they mine. |
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classicsucks
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October 28, 2017, 10:37:08 PM |
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Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days: https://fork.lol/pow/hashrateinterestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump. Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10... Segwitcoin is already at 85213 Unconfirmed Transactions If 2X activates, we could see Unconfirmed Transactions increase up to the millions, when would forever require fees in $100 range. That will effectively end the use of segcrapcoin 1X by the poor and middle class. Segcrap 1X loses it store of value feature, if it has no utility to act as a payment system. Expect a 1930s style price crash of segcrapcoin 1X , if 2X activates. ╥Aztek The mempool is probably not going to increase to the millions. I expect the transaction volume to decline significantly before the expected fork, which will give time for the original chain to catch up. The majority of the people are not going to figure out how to split their coins without replay protection. People are still having a hard time claiming their BCH, and BCH has strong replay protection. The transaction volume will not pick up again until there is either a clear winner, or very easy solutions to splitting their coins becomes available to the general public. While the battle is still ongoing, both segwit chains are going to be next to useless to all but the most technically astute, or fools who are not aware that their transactions are going to played on both chains. Good point that people will be warned not to transact during the fork. However, have you taken into account how fast the mempool will bloat up when BTC1x blocks are only mined every 2 hours or more? And remember that there will likely be transactions that people are desperate to do before they get replayed... imagine a scenario where you broadcast a 1x transaction and it gets replayed and confirmed on the 2x chain first... At least some will be playing these dangerous games... |
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bones261
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October 28, 2017, 10:57:56 PM |
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Good point that people will be warned not to transact during the fork. However, have you taken into account how fast the mempool will bloat up when BTC1x blocks are only mined every 2 hours or more? And remember that there will likely be transactions that people are desperate to do before they get replayed... imagine a scenario where you broadcast a 1x transaction and it gets replayed and confirmed on the 2x chain first... At least some will be playing these dangerous games...
Then those people are fools and deserve to be parted from there money. We have at least two weeks until the hard fork. People should be making there plans now on whether to hunker down or evacuate. Since there is still plenty of time, the most prudent option is to probably evacuate. If the impending fork is getting within 48 hours, the best option is to hunker down. Panicky evacuations at the last moments before the battle or during the battle is the most foolish option of them all. Furthermore, most exchanges are going to freeze up there deposits, trading, and withdrawals during this time. So I have no idea what safe haven the last minute refugees are going to find. Holders of BTC better be asking themselves if they really have the balls to hunker down for quite sometime. |
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grasshpr
Member
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Activity: 118
Merit: 10
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October 28, 2017, 11:12:01 PM |
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No blocks were mined on BTC network for a whole hour. Network slowest since fork.
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tekmobile
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October 28, 2017, 11:20:42 PM |
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No blocks were mined on BTC network for a whole hour. Network slowest since fork.
Are you ignoring all the times BCH took 3-6 hours continuously to find a block |
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grasshpr
Member
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Activity: 118
Merit: 10
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October 28, 2017, 11:28:57 PM |
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No blocks were mined on BTC network for a whole hour. Network slowest since fork.
Are you ignoring all the times BCH took 3-6 hours continuously to find a block Im not. Its "normal" for BCH but not for BTC  |
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derekis126
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October 28, 2017, 11:31:39 PM |
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No blocks were mined on BTC network for a whole hour. Network slowest since fork.
Are you ignoring all the times BCH took 3-6 hours continuously to find a block Im not. Its "normal" for BCH but not for BTC LOL, you blame BTC is too slow, and you accept 3-6 hours is normal for BCH, you have very low standard for BCH, but high standard for BTC? Come on, BCH is just the copycat. No future!  |
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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October 28, 2017, 11:57:34 PM |
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it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends
What hyper round? We're not in a period of EDA-lowered difficulty. https://fork.lol/pow/difficulty |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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tekmobile
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October 29, 2017, 12:07:41 AM |
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it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends
What hyper round? We're not in a period of EDA-lowered difficulty. https://fork.lol/pow/difficultySo ~1min blocks is not a hyper round BTC Difficulty jumped up a lot and BCH difficulty lowered creating a more profitable chain and now the miners have raped it of all 2016 blocks in just over a day the EDA will be activated within the next day or two And yes the EDA was triggered in the previous round due to the huge decline in BCH value compared to BTC |
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Thanh Phung
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October 29, 2017, 12:17:32 AM |
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bones261
Legendary
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Activity: 1806
Merit: 1826
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October 29, 2017, 12:37:19 AM |
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So ~1min blocks is not a hyper round
BTC Difficulty jumped up a lot and BCH difficulty lowered creating a more profitable chain and now the miners have raped it of all 2016 blocks in just over a day the EDA will be activated within the next day or two
And yes the EDA was triggered in the previous round due to the huge decline in BCH value compared to BTC
You can't rape the willing. |
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Virtuoso
Legendary
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Activity: 1120
Merit: 1002
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October 29, 2017, 01:28:48 AM |
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^
I personally like the wallet from bitcoin.com.
Coinomi is good choice to use this for BCH mobile app is working so nice and very trusted wallet. This wallet is working nice as hot wallet because we can keep store a lot coins into a single wallet. In my humble opinion, only "Bitcoin" and "Bitcoin Cash" are the real deal so I don't hold any other coins. Also coinomi felt too "commercially" when I tried it. It had advertisement for other coins and ICO inside of it. It did NOT feel like "my" private wallet at all. Bitcoin and Bitcoin Cash are definitely amazing coins and everyone should have some in his pocket, but there are also some altcoins which is worth to keep an eye on or even buy some,too. |
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classicsucks
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October 29, 2017, 01:33:09 AM |
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Good point that people will be warned not to transact during the fork. However, have you taken into account how fast the mempool will bloat up when BTC1x blocks are only mined every 2 hours or more? And remember that there will likely be transactions that people are desperate to do before they get replayed... imagine a scenario where you broadcast a 1x transaction and it gets replayed and confirmed on the 2x chain first... At least some will be playing these dangerous games...
Then those people are fools and deserve to be parted from there money. We have at least two weeks until the hard fork. People should be making there plans now on whether to hunker down or evacuate. Since there is still plenty of time, the most prudent option is to probably evacuate. If the impending fork is getting within 48 hours, the best option is to hunker down. Panicky evacuations at the last moments before the battle or during the battle is the most foolish option of them all. Furthermore, most exchanges are going to freeze up there deposits, trading, and withdrawals during this time. So I have no idea what safe haven the last minute refugees are going to find. Holders of BTC better be asking themselves if they really have the balls to hunker down for quite sometime. I agree that people should be preparing, but if the past forks are any indicator, they won't be... From what I hear about investors and traders, they only care about the price. Look at how BTC pumped after Segwit, which has essentially had no impact on capacity and/or spam. These tech issues could cause big-time price shifts, but most people aren't clever enough to understand... But some say "don't underestimate the dumb money"... |
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standards
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October 29, 2017, 03:08:50 AM |
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No blocks were mined on BTC network for a whole hour. Network slowest since fork.
Are you ignoring all the times BCH took 3-6 hours continuously to find a block Difference being Bitcoin Cash can use 1 large block and completely wipe out any unconfirmed transactions. (No Backlogs)
Segwitcoin is puny with a very limited onchain transaction capacity (by core's design), so it takes can take them days or weeks to clear up a large # of unconfirmed transactions.╥Aztek Update: Bitcoin Cash just jumped to $422. Up Up and Awayhttps://www.youtube.com/watch?v=5akEgsZSfhgAny particular reason for that jump? |
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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October 29, 2017, 03:47:32 AM |
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Bitcoin Cash just jumped to $422.
Any particular reason for that jump? Perhaps induced by people waking up to the fact that Bitcoin Segwit's anemic capacity is woefully inadequate for the purposes for which it is assumed. |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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Bitbobb
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October 29, 2017, 06:38:06 AM |
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hey Bitmain still says bcc = 330
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serby10101010001100010
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October 29, 2017, 07:47:25 AM
Last edit: October 29, 2017, 08:17:43 AM by serby10101010001100010 |
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what's your take guys? https://cryptoanswers.net/goodbye-blockchain-hello-hashgraph/ the end of Pow? https://www.blockcollider.org/The new consensus algorithm Introducing Hashgraph – a fair and fast, byzantine fault tolerant consensus algorithm. According to the founding Hashgraph team consisting of computer science and cybersecurity pioneers Dr. Leemon Baird and Mance Harmon, the hashgraph consensus method achieves the following notable feats: It’s fast: 250,000+ transactions per second and limited only by a users bandwidth (Pre-Sharding) It’s fair: mathematically proven fairness (via Consensus Time Stamping) It’s secure: bank-grade security (Asynchronous Byzantine Fault Tolerant) |
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serby10101010001100010
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October 29, 2017, 07:54:12 AM |
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Concerning price action, I see BCH gainned momentum with the 24th Oct. rally, following the failed BTC HF. Bet it's gonna hit 0.080 sooner than later. At the time we speak, it's + 16.% at 450 $ |
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