Bitcoin will survive after this attack and miners will go back to mine bitcoin after they realize that BCH is not as profitable as BTC.
But how to prevent such problem from happening again, if with any hardfork there will be a huge instability in the crypto market, it will be impossible to gain new users.
Topic: 173000 unconfirmed transactions, 13 transactions per second - page 3. (Read 4306 times)
Blockchain.info is wrong. See my discussion here:
https://bitcointalksearch.org/topic/m.24463368
The number of unconfirmed transactions is correct but the rate per second and the mempool size are incorrect.
https://bitcointalksearch.org/topic/m.24463368
The number of unconfirmed transactions is correct but the rate per second and the mempool size are incorrect.
Is this also wrong?
https://blockchain.info/fi/charts/cost-per-transaction
It shows cost/transaction to be about 50 USD, when e.g. this https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
shows it to be less than 20 USD.
Obviously it's spam attack (most likely by BCH supporters) and i'm sure all transaction will be confirmed (or removed from mempool) eventually.
Also, someday i'm sure the community will agree to increase blocksize or use 2nd layer as solution
Also, someday i'm sure the community will agree to increase blocksize or use 2nd layer as solution
Apparently BTC mining difficulty will get greatest ever (?) difficulty drop in the next adjustment
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/difficulty
And then BCH will adjust to the highest difficultly it has ever had.
The miners will all switch back to BTC
resulting in:
BCH will later readjust to a low difficultly
BTC will later readjust to a higher difficulty
Causing the miners to all switch over to BCH again
and the cycle repeats itself.
Yea or nay?
I'm not so surprise because of this situation was the reason why bitcoin was dump in price and it was because most miners are currently mining bitcoin cash but I was told by reliable source that will be over in 3hours and all the unconfirmed transaction will be confirmed pretty soon.
Apparently BTC mining difficulty will get greatest ever (?) difficulty drop in the next adjustment
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/difficulty
it should settle in next couple of days
Cleary something to do with bitcoin cash attack. We've seen above 100k before though and i've still managed to send transactions through provided the fee is correct.
Yes, this happens regularly - as the diff and price changes.
On fork.lol you can see the waves
It happened but it has never happened at such scale, i.e. Bitcoin mining has never been that slow.
Maybe because Bitcoin cash price has rised so much in couple of days, profitability difference for miners has not been this large before?
And here https://fork.lol/
one can see that the surge of bitcoin cash mining profitability is because of the recent rise in BCH prise lately, not because of drop in BCH mining difficulty. Anyway in about an hour this will be fixed.
From what I've read, they are planning on forking Bitcoin Cash again to fix the stupid current EDA that makes these fluctuations... I was wondering, will this split of Bitcoin Cash create another Bitcoin Cash?
Any fork creates another something.
Whether that another something will be kept alive, respected, distinguished and traded separately - that's more of a social science
There is always the first time for a record
Will be more in the future.
Will be more in the future.
Yes, this happens regularly - as the diff and price changes.
On fork.lol you can see the waves
It happened but it has never happened at such scale, i.e. Bitcoin mining has never been that slow.
Thank you. Very informative. Apparently difficulty will rise a lot after approximately 2 hrs. Difficulty is much too easy at the moment with this hash rate. There’s a new block every minute
And then there will be one every hour.
Or they will stop mining blocks for 6 hours, just to trigger the emergency adjustment.
It's really a very bad system thet they use.
Whoever is buying this shit must be very strong on investing in certain social behaviours, having them not minding the technical aspect behind.
but then, they have been buying fiat for centuries
I haven’t been following situation, has this been happening before? I mean BTC hashrate dropping this much because of miners moving to BCH?
On fork.lol you can see the waves
Thank you. Very informative. Apparently difficulty will rise a lot after approximately 2 hrs. Difficulty is much too easy at the moment with this hash rate. There’s a new block every minute
And then there will be one every hour.
Or they will stop mining blocks for 6 hours, just to trigger the emergency adjustment.
It's really a very bad system thet they use.
Whoever is buying this shit must be very strong on investing in certain social behaviours, having them not minding the technical aspect behind.
but then, they have been buying fiat for centuries
I haven’t been following situation, has this been happening before? I mean BTC hashrate dropping this much because of miners moving to BCH?
Thank you. Very informative. Apparently difficulty will rise a lot after approximately 2 hrs. Difficulty is much too easy at the moment with this hash rate. There’s a new block every minute
And then there will be one every hour.
Or they will stop mining blocks for 6 hours, just to trigger the emergency adjustment.
It's really a very bad system thet they use.
Whoever is buying this shit must be very strong on investing in certain social behaviours, having them not minding the technical aspect behind.
but then, they have been buying fiat for centuries
Thank you. Very informative. Apparently cash’s difficulty will rise a lot after approximately 2 hrs 21mins. Difficulty is much too easy at the moment with this hash rate. There’s a new block every minute
https://blockchair.com/bitcoin-cash/blocks
From what I've read, they are planning on forking Bitcoin Cash again to fix the stupid current EDA that makes these fluctuations... I was wondering, will this split of Bitcoin Cash create another Bitcoin Cash?
Any fork creates another something.
Whether that another something will be kept alive, respected, distinguished and traded separately - that's more of a social science
However many people would argue that the backlog is intentionally created, with someone throwing some money on it.
Nevertheless, mining less than 3 blocks per hour, instead of the normal 6 per hour - it's making it worse.
And its also making such an alleged attack cheaper.
Nevertheless, mining less than 3 blocks per hour, instead of the normal 6 per hour - it's making it worse.
And its also making such an alleged attack cheaper.
From what I've read, they are planning on forking Bitcoin Cash again to fix the stupid current EDA that makes these fluctuations... I was wondering, will this split of Bitcoin Cash create another Bitcoin Cash? (so that's 2 different tokens, which means if you are holding Bitcoin Cash you will receive that other token too??). How can they guarantee both chains will not live?
Im really confused at the current situation, too many forks to keep track off. The mempool spam was to be expect so im not surprised of any current events.
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