Bitmain Cash was stillborn. (ITS DEAD!)

[jammers]

yeah i'm confused too.

can someone explain what happens over the next day or two? Not too interested in any of the politics, but I know I get some free anyway.

So I can see on https://www.btcforkmonitor.info/

Node: Bitcoin Core & Node: UASF (BIP 148) & Node: btc1 (segwit2x) and Node: Segsignal (BIP 91 only) are all on block 478590 mining as normal, although the network is eerily quiet on https://blockchain.info/unconfirmed-transactions, there was only 700 transactions queued earlier.

So on the other hand, Node: Bitcoin ABC (Bitcoin Cash; Bcash) is stuck on Current height: 478558 from a couple of minutes after the block was mined. And there's been no blocks since.

It's going to take them 2000 blocks to get their mining difficulty adjusted? And while that's waiting, any transactions are stuck?

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[BingoDog]

It will survive, it will just be worth very little.

Yes, but this is almost the same like it's dead. Just another non perspective coin in the vast sea of cryptocurrencies, not worth mentionig. Just that it has made confusion among some users who beived that it has something to do with bitcoin and turned them in wrong direction.

[BrewMaster]

So on the other hand, Node: Bitcoin ABC (Bitcoin Cash; Bcash) is stuck on Current height: 478558 from a couple of minutes after the block was mined. And there's been no blocks since.

It's going to take them 2000 blocks to get their mining difficulty adjusted? And while that's waiting, any transactions are stuck?

everything in bitcoin cash has been based on time instead of block numbers or number of blocks.
the fork was on a fixed time (12:20 UTC) if i am not mistaken which is block #478558 i don't know if stuck is the right word but since the hash rate is low for BCC and the difficulty is high it takes a long time to find a block so the blockchain is staying there and BCC nodes are rejecting the new blocks mined on bitcoin chain.

also their difficulty adjustment is based on time. it is after a fixed amount of time passed that they readjust the difficulty and lower it. i think it is after 6 hours with 0 blocks.

and that first block MUST be over 1 MB or else it will be rejected so the BCC mempool MUST have a lot of transactions already to fill a > 1 MB block.

and all this time all those transactions on BCC chain will remain in the mempool as unconfirmed and stuck or waiting.

[illaslli]

So on the other hand, Node: Bitcoin ABC (Bitcoin Cash; Bcash) is stuck on Current height: 478558 from a couple of minutes after the block was mined. And there's been no blocks since.

It's going to take them 2000 blocks to get their mining difficulty adjusted? And while that's waiting, any transactions are stuck?

everything in bitcoin cash has been based on time instead of block numbers or number of blocks.
the fork was on a fixed time (12:20 UTC) if i am not mistaken which is block #478558 i don't know if stuck is the right word but since the hash rate is low for BCC and the difficulty is high it takes a long time to find a block so the blockchain is staying there and BCC nodes are rejecting the new blocks mined on bitcoin chain.

also their difficulty adjustment is based on time. it is after a fixed amount of time passed that they readjust the difficulty and lower it. i think it is after 6 hours with 0 blocks.

How long is that to mine a block in a normal amount of time?

[oblivi]

So on the other hand, Node: Bitcoin ABC (Bitcoin Cash; Bcash) is stuck on Current height: 478558 from a couple of minutes after the block was mined. And there's been no blocks since.

It's going to take them 2000 blocks to get their mining difficulty adjusted? And while that's waiting, any transactions are stuck?

everything in bitcoin cash has been based on time instead of block numbers or number of blocks.
the fork was on a fixed time (12:20 UTC) if i am not mistaken which is block #478558 i don't know if stuck is the right word but since the hash rate is low for BCC and the difficulty is high it takes a long time to find a block so the blockchain is staying there and BCC nodes are rejecting the new blocks mined on bitcoin chain.

also their difficulty adjustment is based on time. it is after a fixed amount of time passed that they readjust the difficulty and lower it. i think it is after 6 hours with 0 blocks.

How long is that to mine a block in a normal amount of time?

Blocks in the real Bitcoin happen every 10 minutes. This Bitcoin Cash thing (or Bitmain Cash as I like to call it) it's having big, big problems right now. They haven't started mining yet a single block because there is a trigger mechanism that must be activated first, and this activation needs to mine a block that is larger than 1MB.

So not only their nodes are all fake and getting attacked, but they can't even get started mining.

This is what happens when you rush a hardfork. Take notes NYCtards.

[vinaha]

EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing its fucking dead in the water.  There is absolutely no hope for this shit coin.

Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

LOL one visit to this forum and you see the same typical bullshit shills on this board.

You Blockstream shills really need to check basic facts before mouthing off.

It's like you idiots don't even try to sound half legit anymore.

Just one simple visit to https://pool.viabtc.com/ shows that:

Just ViaBTC alone is using 2% of entire BTC hash power to mine BCC.
(ViaBTC is using half of it's BTC hash power to mine BCC)

Not even counting other pools yet.

BCC Pool
HashRate:127 P
Network HashRate: 6441 P
Active: 10022
Block Mined: 1
Coin Mined(BCC): 13

BTC Pool
Pool HashRate: 300 P
Network HashRate: 6448 P
Active: 24274
Block Mined: 3843
Coin Mined(BTC): 52343

HAHAHA! Oh so yeah,  so according to your calculations that's 2% of the global hashing power. Actually it's more like 1.5%.
What other pools are mining BCC? And how much?

[xbiv2]

EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing its fucking dead in the water.  There is absolutely no hope for this shit coin.

Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

5% not bad

[L]

Well, I want my free money!

They promise to double our coins, where are my new monies?

Seriously, are there any reliable sources about Bitcoin Cash?

Nodes crashing, vulnerable to attacks, bugs?

[amacar2]

There is going to be like a 2 day delay as soon as it forks to get your BCC onto an exchange to dump.

But no any platform have opened up BCC deposit and withdrawals. I think it will take atleast one day for them to do so and 1 more day for anyone to send their first bcc to that deposit address if they get lucky to get their transactions included in 1 8mb block that will be mined in every 24 hour. LOL

[xbiv2]

let's see what will happen:
https://www.btcforkmonitor.info/

[Quantus]

hahahah you people still don't get it. There will be no free monies you greedy hubris bastards will get nothing!

[exstasie]

EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing is dead in the water. Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

I always knew this would get nowhere. This was another setup by Bitmain to short the bitcoin price, it's what they always do, just look at the recent flash crashes. Im sure Jihan and co had shorts set and made a lot of money on the suckers that dumped due FUD.

This doesn't match up with the price action at all. For the last couple weeks, Bitcoin Cash FUD was on the menu. And for the last couple weeks, price rose very steadily from $2400 to the $2900s. After the BIP91 threat passed, the market just trended straight up. So if Jihan took out lots of shorts, at best he's probably breaking even (assuming he managed to close on the dip last night).

It's not surprising that Bitmain has certain entrenched interests it wants to protect in the long term. That doesn't mean they are trying to create short term FUD to short the market.

[HeRetiK]

It's interesting to see how right now there's no possibility for arbitrage between exchanges due to the slow BCH network. Currently we have a pretty wide spread between Kraken at 0.08 BTC and HitBTC at 0.20 BTC (with viaBTC somewhere inbetween). If the BCH network were already adjusted mining BCH would be actually pretty profitable (BCH value > 8% of BTC while BCH hashrate < 5% of BTC). As it is right now it seems however that every day mining BCH is a day lost. Unless serious hashpower enters BCH it will take at least 2 days for the BCH network to reach the proper difficulty... not an especially tempting offer to become a BCH early miner. Whoever is mining BCH right now is paying a costly price.

[Variogam]

Bitcoin Cash is dead the same way as Bitcoin was claimed dead many times  

Difficulty going to adjust soon and Bitcoin Cash is here to stay no matter how some of you dont like this fact.

[Troll Buster]

Blocks in the real Bitcoin happen every 10 minutes. This Bitcoin Cash thing (or Bitmain Cash as I like to call it) it's having big, big problems right now. They haven't started mining yet a single block because there is a trigger mechanism that must be activated first, and this activation needs to mine a block that is larger than 1MB.

So not only their nodes are all fake and getting attacked, but they can't even get started mining.

This is what happens when you rush a hardfork. Take notes NYCtards.

No, this is what happens when banker funded Blockstream Core sat on their ass for a year and a half, playing god without hash power and without enough development power to release a viable product on time (SegWit is an overly complicated resource ponzi scheme, and LN is a vaporware, the theory of LN is so full of holes it'll be exploited the moment any LN product sees the light of day).

Take notes Blockstream shill, fuck around again and next time it'll be the miners doing the exodus, once that happens even if Core tweak the difficulty settings, the miners can always go back and do a 51% attack, so Core have to do a pow change, in which case it'll destroy the entire mining eco system, trust lost, price crashes, and everyone follows the miners to BCC or another contingency fork.

And don't be a fucking screaming alarmist moron, it's not a 'problem' if it's anticipated, it was always going to take a day or 2 to re-adjust, BCC might rise, might tank, but don't pretend the re-adjustment period wasn't participated way before hand.

[SONG GEET]

Bitcoin Cash is dead the same way as Bitcoin was claimed dead many times  

Difficulty going to adjust soon and Bitcoin Cash is here to stay no matter how some of you dont like this fact.

But it will never be able to compete with bitcoin, it might have some price under $100 just like other alts out there. 

Don't expect any demand for this BCC shit.

[PoorLad]

5% is not too bad just after a hardfork tbh.. However you feel about this coin, it might be beneficial to dump all initially and buy a couple hundred/thousand if it is very cheap and just let it idle in a wallet somewhere for a long time. If you had some BTC and got your free BCC, it might not cost you much or anything at all if you are really lucky.

I know im not letting a investment opertunety go away just because I dont like the coin

[Netnox]

Too early to write it off. Any coin, which enjoys the support from people such as Roger Ver and Jihan Wu is not going to die that easily. And the early indications are that, it will be having a market cap of around $6 billion (which would make it the 3rd or 4th valuable crypto-currency). I calculated the market cap based on exchange rates from Yobit.

[exstasie]

5% is not too bad just after a hardfork tbh.. However you feel about this coin, it might be beneficial to dump all initially and buy a couple hundred/thousand if it is very cheap and just let it idle in a wallet somewhere for a long time. If you had some BTC and got your free BCC, it might not cost you much or anything at all if you are really lucky.

I know im not letting a investment opertunety go away just because I dont like the coin

That's more or less how I feel. I have no need to transact right now either way, so when the time comes I'll just split them... Maybe Bitcoin Cash will be worth something, maybe not.

When you say 5%... where is your source? I haven't been able to find statistics on this. Do you know how long it will take to retarget difficulty at this rate?

[yogg]

ITS ALIVE



http://blockdozer.com/insight/block/000000000000000000651ef99cb9fcbe0dadde1d424bd9f15ff20136191a5eec