Diff contest Aug 9 to Aug?.Prize a black sealed Trezor wallet. Picks are closed.

[philipma1957]

Looks like hash rate will keep sloshing back and forth:

https://bitcoinmagazine.com/articles/why-bcash-mining-shouldnt-affect-bitcoin-much-bitcoin-mining-could-ruin-bcash/

The reason why miners can do that is the BCH rule that allows for mid-period downward difficulty adjustments. Without that, it would be a lot more costly to keep the BCH chain alive when it's less profitable.

Effectively BCH was designed to enable coordinated miners to manipulate the block rate to their advantage. This will continue forever as long as long as BCH has enough value to make it worth while.

It could well be that this is the only tangible reason why BCH exists. It's not because big blockers wanted it. It's because the large mining pools can profit by it.

not sure if it is bad or good for coins but it sure as fuck is interesting.

[1714620030]

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[vapourminer]

not sure if it is bad or good for coins but it sure as fuck is interesting.

yup.

may turn into the equivalent of altcoin profit switching. massive amounts of hash power flipping back and forth as miners use autopilot profit calculating programs to run their farms.

[leowonderful]

Hopefully the November 2X fork won't cause a similar issue or else they'll have even more to slosh between. I guess we'll be seeing BCH for a long time and possibly 2X if the entire community doesn't go with it. Will be interesting for BTC price as well.

[philipma1957]

Well it dilutes BTC but as long as prices hold  it could make for serious profits.

I sold off some coin today  .38  for 1576 usd

I do not think I will be holding heavy coins I may sell off over the next  2-4 weeks.

[QuintLeo]

not sure if it is bad or good for coins but it sure as fuck is interesting.

yup.

may turn into the equivalent of altcoin profit switching. massive amounts of hash power flipping back and forth as miners use autopilot profit calculating programs to run their farms.

 That's not new to SHA256 - quite a few altcoins out there already to switch between, though most of them have been TINY compared to Bitcoin (like Namecoin or DGB) and therefore the profitability has bounced a lot on them.

[philipma1957]

https://bitcoinwisdom.com/bitcoin/difficulty


Bitcoin Difficulty:   923,233,068,449
Estimated Next Difficulty:   886,978,918,154 (-3.93%)
Adjust time:   After 1 Blocks, About 10.3 minutes
Hashrate(?):   5,658,924,901 GH/s
Block Generation Time(?):   
1 block: 10.3 minutes
3 blocks: 30.9 minutes
6 blocks: 1.0 hours
Updated:   


nice drop in a block

[VRobb]

Sheesh, looks like bitcoin "wisdom" is stuck again.  1.6 hours and counting...!  

Bitcoin Difficulty:923,233,068,449
Estimated Next Difficulty:886,978,918,154 (-3.93%)
Adjust time:After 1 Blocks, About 10.3 minutes
Hashrate(?):5,658,924,901 GH/s
Block Generation Time(?):

1 block: 10.3 minutes

3 blocks: 30.9 minutes

6 blocks: 1.0 hours

Updated:18:55 (1.6 hours ago)

I guess the -3.93% is correct though?

[philipma1957]

Sheesh, looks like bitcoin "wisdom" is stuck again.  1.6 hours and counting...!  

Bitcoin Difficulty:923,233,068,449
Estimated Next Difficulty:886,978,918,154 (-3.93%)
Adjust time:After 1 Blocks, About 10.3 minutes
Hashrate(?):5,658,924,901 GH/s
Block Generation Time(?):

1 block: 10.3 minutes

3 blocks: 30.9 minutes

6 blocks: 1.0 hours

Updated:18:55 (1.6 hours ago)

I guess the -3.93% is correct though?

Yes for 1 block left it was correct .

We hit the next block about 10 minutes later so. Somewhere between -3.8 and - 4.1

Since the closest pick to that was -3.0 I think there was no winner.

[edonkey]

Ack! I (or rather our cats) thought this was hard before BCH. Now we have to also predict the swing of the hash rate pendulum.

[QuintLeo]

Nothing new there, just a bit bigger for now ('till BCH attention span dies down to the level of all of the other SHA256 based coins).

[philipma1957]

Nothing new there, just a bit bigger for now ('till BCH attention span dies down to the level of all of the other SHA256 based coins).

https://pool.viabtc.com/

BTC
Network HashRate

5145 P



BCC

Network HashRate

2838 P


btc is down 20%

no one is giving current diff numbers

we only have the numbers above from viabtc.com site

would be nice to see current diff number

[fr4nkthetank]

And bitcoin's price is up, up and away (hopefully). Im confused as to what Bitcoin cash...will do...arent we heading towards a hard fork ?  so 3 coins.  Where does that leave BCH ?

[leowonderful]

And bitcoin's price is up, up and away (hopefully). Im confused as to what Bitcoin cash...will do...arent we heading towards a hard fork ?  so 3 coins.  Where does that leave BCH ?

Well, as of now BCH is just a trader and speculator's toy to mess around with and a miner's dream for more profit. 2X will be another fork like you said and it could have a more drastic effect on BTC's price (and possibly mining if it uses another BCH-like difficulty model). Only time can tell at this point, but from what I can tell 2X won't be too pleasant.

[edonkey]

Nothing new there, just a bit bigger for now ('till BCH attention span dies down to the level of all of the other SHA256 based coins).

Sure there have always been other SHA256 coins, but they've only amounted to a tiny bit of noise on the Bitcoin signal.

You have to admit that the scale here with BCH is unprecedented. Even Garza's Paycoin (everyone here remember that scam?) didn't have this effect on the difficulty of the main chain.

That said, I agree that BCH will wain. It has no value except for speculation and cyclical mining profits (for the moment). IMHO, BCH is just Bitmain enabling the big block true believer bag holders. Guess who wins in that scenario?

If the 2x hard fork actually happens, then we will see the original Bitcoin verses two speculative alts. If BCH hasn't already tanked, it will at least have to share the remaining table scraps with the new 2x alt. Sure, 2x wasn't designed to enable miner manipulation, so Bitmain won't support it. But 2x is sure to to have a speculative following of some sort.

Regardless, competition among the alts that have no real economic reason for being will help dilute them both.

I suspect that come the new year, none of this will matter. Miners will for the most part return to the original Bitcoin, and the forks will flounder. A year from now the forks probably won't even be in the top ten.

[Landy1264]

would be nice to see current diff number

Diff is @ 888,171,856,257.32

[philipma1957]

would be nice to see current diff number

Diff is @ 888,171,856,257.32

So how do I track current diff?  any one have a link to a current diff tracker?

Difficulty History

Date   Difficulty   Change   Hash Rate
Aug 09 2017   923,233,068,449   7.32%   6,608,759,726 GH/s
Jul 27 2017   860,221,984,436   6.92%   6,157,708,817 GH/s
Jul 14 2017   804,525,194,568   13.53%   5,759,015,666 GH/s
Jul 02 2017   708,659,466,230   -0.43%   5,072,782,052 GH/s
Jun 17 2017   711,697,198,174   4.85%   5,094,526,985 GH/s
Jun 04 2017   678,760,110,083   13.90%   4,858,754,124 GH/s


we are back to Jun 4 diff numbers according to viabtc!!


I smell something rotten

look at this  below:

There is something going on in the world of btc  being done at big levels.

I see btc diff dropping more then 20%  

hashrate  is about 6,700,000,000  for the current diff of close to 886,000,000,000

I can do longer find current diff numbers live time

and current hash rate according to viabtc is at 4,700,000,000
Why are the live time diff trackers off line?

[Landy1264]

would be nice to see current diff number

Diff is @ 888,171,856,257.32

So how do I track current diff?  any one have a link to a current diff tracker?

Try this: http://bitcointicker.co/networkstats/

[philipma1957]

would be nice to see current diff number

Diff is @ 888,171,856,257.32

So how do I track current diff?  any one have a link to a current diff tracker?

Try this: http://bitcointicker.co/networkstats/

good it works and we are looking at a 20% drop in the diff!  but switching  is easy look at the hash on viabtc

6600p is close to the baseline  or a 0% change

at 4300 for btc
at 3800 for bcc/bch

a drop from 6600p to 4300p =  more then 33% drop.

if  btc  goes lower hash then  bcc/bch  we will no long have alt coins  since every coin will be an alt coin.  we would just have cryptocoins  just definitions  as I see it.

[QuintLeo]

It would be nice if the bitcoinwisdom guy would update his website - he seems to have largely ignored it most of the last year and some, and the "freezeups" are getting irritating.

 Seems like quite a few folks have been "bouncing" between BTC and BCC the last few days, since BCC price went up enough to be competative on profitability, per https://blockchain.info/charts/hash-rate?timespan=30days

Unfortunately, that chart doesn't track diff, but https://blockchain.info/charts/difficulty does.

 

[philipma1957]

would be nice to see current diff number

Diff is @ 888,171,856,257.32

So how do I track current diff?  any one have a link to a current diff tracker?

Try this: http://bitcointicker.co/networkstats/

We have this for current numbers  we are at block 1757