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Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Bitcoin cash takes 30% of miners from Bitcoin. Processing slows to crawl
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sil2222 (OP)
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August 21, 2017, 08:08:40 PM
 #1
Bitcoin confirmations have slowed to a crawl since last week. Transactions on Bitcoin network are taking sometimes as much as 9 hours to process.


https://www.coindesk.com/bitcoin-cash-wins-mining-power-price-falls-back-600/
jimlite
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August 21, 2017, 08:30:10 PM
 #2
For now. Diff adjusting soon and will flip back
Binance, hottest/largest alt exchange, 2BTC daily no verification. https://www.binance.com/?ref=13309371
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italianMiner72
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August 21, 2017, 08:37:33 PM
 #3
Quote from: sil2222 on August 21, 2017, 08:08:40 PM
Bitcoin confirmations have slowed to a crawl since last week. Transactions on Bitcoin network are taking sometimes as much as 9 hours to process.


https://www.coindesk.com/bitcoin-cash-wins-mining-power-price-falls-back-600/
i can confirm that.
I'm using Bitcoin ABC wallet.
Since last week, i get slower transactions and a really slow slow slow syncing!
my wallet version is 0.14.6.0  and i have 6 peers.
but i heve 3 peers banned too :-O
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jootjejodel
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August 21, 2017, 11:58:22 PM
 #4
I already put some ETH, BTC into this and was wondering what else was out there.
WhaleHunter
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August 22, 2017, 12:24:37 AM
 #5
It looks like the BTC-BCC civil war is not over yet, after all. Interesting times...
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oisilener1982
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August 22, 2017, 12:28:26 AM
 #6
More miners going to BCH will result in more hashrates therefore increasing difficulty

Increased difficulty means reduced profit for BCH while BTC will have lower difficulty

They will return to mining BTC once it is more profitable

The Cycle continues
Hypercube
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August 22, 2017, 01:43:15 AM
 #7
This website http://fork.lol/blocks/time is pretty interesting to get insights of the current situation, which seems a bit crazy to me.

Quote from: MANNYKURSH on August 22, 2017, 01:37:14 AM
If you want youre ICO to succeed you need good traffic i would advice you to take a look at this topic: https://bitcointalk.org/index.php?topic=2109339
They sell a really high quality off traffic!

https://bitcointalk.org/index.php?topic=2109339

How is that related to the BCC hashrate? I believe you are on the wrong thread
italianMiner72
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August 22, 2017, 07:30:23 AM
 #8
Quote from: WhaleHunter on August 22, 2017, 12:24:37 AM
It looks like the BTC-BCC civil war is not over yet, after all. Interesting times...

i think a better situation reading, it could be taken with the next Bitcoin cash difficulty adjustment.
if it rise a lot, could be more profittable, to came back to bitcoin mining...
we stay tuned to check the evolution
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ranreichman
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August 22, 2017, 08:44:39 AM
 #9
This was expected due to the retargeting in Bitcoin Cash. It will change over time. Generally all currencies should be more or less the same in the value of mining, otherwise miners move and difficulty goes up.
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