Close to 935500 unconfirmed transactions and growing

[TheWolf666]

Check here: (https://blockchain.info/unconfirmed-transactions)

Is BTC starting to suffocate?

 

[gentlemand]

Wait for BCH difficulty to readjust and watch the miners pour back in to start clearing it. BTC will be more profitable to mine again in a few hours. I must say I'm rather surprised they're such hookers. I wouldn't be aiming my multi million investment in hardware at a new alt knocked up by Bitmain.

[Carlton Banks]

Not to mention, USD/BTC price is bucking the trend, so it seems more likely that the very large miners are using this opportunity to stage a hashrate decline, only they would have the slack hashing capacity to take advantage of this situation, and they are conspicuously not doing so.


Is this what they've really got? Drama? No actual tech? I wonder people with actual tech will win this (it's almost as if the interests behind the biggest miners are afraid of blockchain tech )

What a weird situation to be in, where the owners of the physical infrastructure securing the Bitcoin network are acting against the network's best interests. Makes me think they should be replaced with stakeholders that act more responsibly

[aleksej996]

Check here: (https://blockchain.info/unconfirmed-transactions)

Is BTC starting to suffocate?

 

No. It will be fine. The segwit hasn't activated yet anyway, that should help with the fees as the there will be more space in blocks for transactions, since they will take less space.

[kokojie]

Wait for BCH difficulty to readjust and watch the miners pour back in to start clearing it. BTC will be more profitable to mine again in a few hours. I must say I'm rather surprised they're such hookers. I wouldn't be aiming my multi million investment in hardware at a new alt knocked up by Bitmain.

lol did you actually expect PoW miners to have loyalty to any one coin? their loyalty is directed 100% at making short term profit. They'll mine BBQCoin if it has 110% profit over Bitcoin

[YesLOST]

Less miners is good for bitcoin, because in reality, we are using bitcoin as HODLING. Less miners = less bitcoin = difficult adjustment.

[gentlemand]

lol did you actually expect PoW miners to have loyalty to any one coin? their loyalty is directed 100% at making short term profit. They'll mine BBQCoin if it has 110% profit over Bitcoin

Well, I'll never mine but if I did I'd want to know what I was pointing my work at worked properly and had a viable market to offload on. Something a couple of weeks old would have me a little sceptical.

[TheWolf666]

By any standard having such a long time to confirm the transactions is not going to help Bitcoin to go to the masses. Imagine that you want to pay with your Bitcoin credit card at the supermarket and you have to wait the confirmation... how many hours ? Days?

[hatshepsut93]

Many miners switched to Bcash, so BTC block times increased, you can track it here: http://fork.lol/blocks/time

Also, SegWit will get activated in a couple of days, so when people start making SegWit transactions, fees will drop.

Wait for BCH difficulty to readjust and watch the miners pour back in to start clearing it. BTC will be more profitable to mine again in a few hours. I must say I'm rather surprised they're such hookers. I wouldn't be aiming my multi million investment in hardware at a new alt knocked up by Bitmain.

lol did you actually expect PoW miners to have loyalty to any one coin? their loyalty is directed 100% at making short term profit. They'll mine BBQCoin if it has 110% profit over Bitcoin

2x fork in November might be even crazier, if some NYA signatories will be accepting 2x coins as real BTC, miners will have another fork to mine, and since coinbase transactions will be invalid on opposing chain, they will not have to worry about replay attacks.

[TheQuin]

lol did you actually expect PoW miners to have loyalty to any one coin? their loyalty is directed 100% at making short term profit. They'll mine BBQCoin if it has 110% profit over Bitcoin

Well, I'll never mine but if I did I'd want to know what I was pointing my work at worked properly and had a viable market to offload on. Something a couple of weeks old would have me a little sceptical.

They just point the mining pool payout address to an exchange and buy BTC with it immediately. Alt coins are just a mining proxy, but that's a good thing because it helps keep the difficulty down and mining more profitable.

[kokojie]

lol did you actually expect PoW miners to have loyalty to any one coin? their loyalty is directed 100% at making short term profit. They'll mine BBQCoin if it has 110% profit over Bitcoin

Well, I'll never mine but if I did I'd want to know what I was pointing my work at worked properly and had a viable market to offload on. Something a couple of weeks old would have me a little sceptical.

All PoW miner care about 2 things:
1. can I mine it at a better profit over all other coin that's possible to mine
2. can I immediately sell the mining reward for fiat/other crypto of choice

If yes to both, then that's the coin PoW miner will mine, they don't care it's called BTC or BBQ, in fact most altcoin mining pools have built in auto-switch to mine the most profitable coin at the time, the owner of the miner doesn't even know what coin he's mining currently, the pool will auto switch for him.

[Rising Suns]

Is there a site comparable to https://blockchain.info/unconfirmed-transactions for BCH transactions?

EDIT: Never mind, this site mentioned above http://fork.lol/blocks/time is good.

[bitcoinmaniac52]

Check here: (https://blockchain.info/unconfirmed-transactions)

Is BTC starting to suffocate?

 

The problem with Bitcoin right now is the fact it takes so long to complete transactions and is more expensive than debit/credit. It isn't right. The devs need to make it so that transactions and fees are LESS than traditional payment methods and also faster, like introducing Segwit, Lightning Network, etc. Otherwise Bitcoin will only be used as a way to store money, like physical gold today.

[KizaruOG]

I'm waiting for lightning on btc. Think it's gonna regulate all those problems

[eaLiTy]

The problem with Bitcoin right now is the fact it takes so long to complete transactions and is more expensive than debit/credit. It isn't right. The devs need to make it so that transactions and fees are LESS than traditional payment methods and also faster, like introducing Segwit, Lightning Network, etc. Otherwise Bitcoin will only be used as a way to store money, like physical gold today.

We did the fork to make changes to these issues we had and it was working really well for a week or two and now the transaction does take a really long time and the transaction fees have increased and the unconfirmed transaction keeps on increasing which is really bad for bitcoin,there is another battle coming up in November but i just want to see everyone settling down and work for the best network .

[bitart]

BCH difficulty has just raised.

Mining profitability based on price and mining difficulty shows that it's BTC time for miners.

Mempool has reached it's local maximum and started to decrease, it seems.


Seems like the mempool will be cleared in a short time, if miners hop back to BTC.

i can see the light at the end of the tunnel

[batang_bitcoin]

Check here: (https://blockchain.info/unconfirmed-transactions)

Is BTC starting to suffocate?

 

How fast that it went down to 94,611?  Don't worry about the congestion everything will be fine very soon ince Segwit got activated. And this is due to other miners jumped off to mine bcash so that's why we are experiencing a traffic right now. Anyway, do you have any transactions that aren't confirmed right now? are you in a rush?

[marky89]

Wait for BCH difficulty to readjust and watch the miners pour back in to start clearing it. BTC will be more profitable to mine again in a few hours. I must say I'm rather surprised they're such hookers. I wouldn't be aiming my multi million investment in hardware at a new alt knocked up by Bitmain.

Considering Bitmain's position, they could probably continue this game for some time, though. I don't think many other miners are actually mining BCH at this point.

It's looking more and more like a long game for Bitmain now. The supply is so low on exchanges that they can prop the price and keep profitability up. And they have quite a lot of hash power to manipulate public perceptions with. I think it's just an altcoin (hard forks generally are) but don't underestimate the propensity for public confusion and serious price volatility. For now, BTCUSD doesn't seem to care so much. But let's wait and see.

[dothebeats]

Heh, these blokes are just trying to take advantage of the difficulty adjustment BCH made so as to reap some profits before returning to BTC. If I do have the hardware, I'd do the same to enjoy something more extra for my work. My loyalty is directed to anything that nets me more profit. Besides, are there any agreements that I agreed to when running my miner?

lol did you actually expect PoW miners to have loyalty to any one coin? their loyalty is directed 100% at making short term profit. They'll mine BBQCoin if it has 110% profit over Bitcoin

Well, I'll never mine but if I did I'd want to know what I was pointing my work at worked properly and had a viable market to offload on. Something a couple of weeks old would have me a little sceptical.

There is a market for BCH, and it's growing just fyi and it's surprising, too. Some speculators are also trying to make money on the other side and the miners know this. Also, numbers don't lie. If the stats say that you'll get more by mining this coin, why would I not take such chance, right?

[TheWolf666]

BCH difficulty has just raised.

Mining profitability based on price and mining difficulty shows that it's BTC time for miners.

Mempool has reached it's local maximum and started to decrease, it seems.


Seems like the mempool will be cleared in a short time, if miners hop back to BTC.

i can see the light at the end of the tunnel

Bingo! the war goes on!