[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 135.

BitcoinFX

legendary

Activity: 2646

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https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF

Quote from: mindrust on August 25, 2018, 07:05:13 AM

I am also in the same boat.

I am a die hard Craig Wright supporter since June or someth Grin

, Just to see how worse this shit (bcash) can become. Reading the lolposts at rbtc is priceless.

P.S. Craig is Wright is satoshi nakamoto if somebody says you otherwise show him this proof:

https://www.youtube.com/watch?v=dZNtbAFnr-0

He explains how he is the real satoshi perfectly. Craig Wright 2020!

Edit:
https://twitter.com/ProfFaustus/status/1033248372025638912

LOL

- https://dankaminsky.com/2016/05/02/validating-satoshi-or-not/

- https://blog.wizsec.jp/2018/02/kleiman-v-craig-wright-bitcoins.html

Who is Satoshi Nakamoto ? Suspects, frauds and conspiracies on bitcointalk
- https://bitcointalksearch.org/topic/who-is-satoshi-nakamoto-suspects-frauds-and-conspiracies-on-bitcointalk-4359615

Not your keys, not your coins.

Don't trust. Verify.

- https://youtu.be/wmYT79tPvLg Lips sealed

Quote from: sirsplashalot on August 27, 2018, 10:17:57 AM

In all fairness, Craig Wright has not proven that he is not satoshi either.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: Bitbobb on August 28, 2018, 05:23:14 PM

Where did btc troll/devs go?

The drama the BCH camp has created within its own ranks is fascinating. I'm just sitting back with a tub of popcorn for the time being.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Bitbobb on August 28, 2018, 05:23:14 PM

Awe - Ha!

Where did btc troll/devs go? Maybe they are worried we might

the network?

Most of the BTC trolls are watching the BCH drama unfold on Twitter and Reddit. Cheesy

Bitbobb

hero member

Activity: 1134

Merit: 525

Less hops. More wins.

Awe - Ha!

Where did btc troll/devs go? Maybe they are worried we might

the network?

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: synthgauge on August 28, 2018, 12:04:28 PM

HDD capacities grow according to moors law. If u move 6000x speed of light and record the precise state of universe at each moment in time during the whole travel then the amount of data collected could be shoved into a 50 gb HDD no questions asked. Now what is 2.6 million tx per second? I myself can do half of that and will still be bottlenecked by the lack of processing speed.

I would hope a mining pool that has a revenue of 50K USD per day should be able to have a system that can handle it. (And as I said before, I think 100 USD per BCH would be an ultraconservative figure if the BCH network was processing that many tx per second. An 18-21 billion dollar market cap for a network that is basically processing the vast majority of transactions on Earth, would probably be going for multiples of that.)

synthgauge

hero member

Activity: 1150

Merit: 502

Quote from: vozphongtom on August 27, 2018, 08:13:13 PM

Quote from: bones261 on August 27, 2018, 05:58:52 PM

Quote from: Zin-Zang on August 27, 2018, 05:38:11 PM

Quote from: hv_ on August 27, 2018, 03:50:07 AM

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?

FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night. Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

a lots of require blocks. BCH will not $100 and BCH price will hit $1000 ,

today BTC price $6900 and keep going up , i sure when btc price break $10000 , bch price break $800, too.

HDD capacities grow according to moors law. If u move 6000x speed of light and record the precise state of universe at each moment in time during the whole travel then the amount of data collected could be shoved into a 50 gb HDD no questions asked. Now what is 2.6 million tx per second? I myself can do half of that and will still be bottlenecked by the lack of processing speed.

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: Zin-Zang on August 27, 2018, 05:38:11 PM

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

https://www.backblaze.com/blog/hard-drive-cost-per-gigabyte/

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: bones261 on August 27, 2018, 08:31:11 PM

Quote from: vozphongtom on August 27, 2018, 08:13:13 PM

Quote from: bones261 on August 27, 2018, 05:58:52 PM

Quote from: Zin-Zang on August 27, 2018, 05:38:11 PM

Quote from: hv_ on August 27, 2018, 03:50:07 AM

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?

FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night. Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

a lots of require blocks. BCH will not $100 and BCH price will hit $1000 ,

today BTC price $6900 and keep going up , i sure when btc price break $10000 , bch price break $800, too.

If BCH was actually handling over 2 million tx per second, it would probably be worth much much more. However, I deliberately used ultraconservative figures. I personally doubt BCH will ever see that kind of transaction volume. But I guess BCH supporters can dream.

If anyone would only sit and 'doubt' - sure - nothing will happen. Also not after 18 months.

Grin

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: dishku on August 28, 2018, 05:34:20 AM

Quote from: what is happening on August 28, 2018, 05:25:34 AM

DASH is the better etc plus anon, bcash is fundamentally weak

DASH and Bcash has no comparison both have different concept it doesn't make any sense to make any kind of comparison. BCash has different goals and they are not working to make it anonymous coin in future.

Dash, bcash and zcash are all toys of Roger. He is not focusing on zcash and dash because bcash's market cap is big enough to keep him busy. He left the others for dead.

When Roger runs out of sheep to suck their blood, he'll come up with another scam. This will go on and on. I suspect that he might even have something to do with bitconnect. They share the same ticker bcc in the end.

shixd8899

member

Activity: 350

Merit: 46

Bitcoin Cash is worth long-term investors holding, and the technical and marketing capabilities of the project team are very good. The future development of Bitcoin Cash coins is worth looking forward to.

dishku

legendary

Activity: 1918

Merit: 1003

Quote from: what is happening on August 28, 2018, 05:25:34 AM

DASH is the better etc plus anon, bcash is fundamentally weak

DASH and Bcash has no comparison both have different concept it doesn't make any sense to make any kind of comparison. BCash has different goals and they are not working to make it anonymous coin in future.

what is happening

jr. member

Activity: 186

Merit: 1

DASH is the better etc plus anon, bcash is fundamentally weak

Simss

sr. member

Activity: 616

Merit: 250

Forgetting for a moment people, politics, egos and agendas; on a purely fundamental level, which fork is the best in terms of the future of Bitcoin Cash?

dautay_crypto

member

Activity: 193

Merit: 11

Quote from: yyz13857180757 on August 28, 2018, 12:28:41 AM

The encrypted money market is a long bear market, and investors can buy Bitcoin Cash coins on a bargain and wait patiently for the market to pick up.

It's true for current period and always true at any point of time in terms of smart investments.
Thanks for your recommendation.
Bitcoin Cash, as almost the same as of other altcoins, followed long bearish market, which has lasted months and might end soon.

yyz13857180757

full member

Activity: 406

Merit: 100

The encrypted money market is a long bear market, and investors can buy Bitcoin Cash coins on a bargain and wait patiently for the market to pick up.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: vozphongtom on August 27, 2018, 08:13:13 PM

Quote from: bones261 on August 27, 2018, 05:58:52 PM

Quote from: Zin-Zang on August 27, 2018, 05:38:11 PM

Quote from: hv_ on August 27, 2018, 03:50:07 AM

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?

FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night. Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

a lots of require blocks. BCH will not $100 and BCH price will hit $1000 ,

today BTC price $6900 and keep going up , i sure when btc price break $10000 , bch price break $800, too.

If BCH was actually handling over 2 million tx per second, it would probably be worth much much more. However, I deliberately used ultraconservative figures. I personally doubt BCH will ever see that kind of transaction volume. But I guess BCH supporters can dream.

vozphongtom

full member

Activity: 386

Merit: 100

Quote from: bones261 on August 27, 2018, 05:58:52 PM

Quote from: Zin-Zang on August 27, 2018, 05:38:11 PM

Quote from: hv_ on August 27, 2018, 03:50:07 AM

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?

FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night. Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

a lots of require blocks. BCH will not $100 and BCH price will hit $1000 ,

today BTC price $6900 and keep going up , i sure when btc price break $10000 , bch price break $800, too.

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

Sept..... is going to be rough for all crypto.

Many people will suffer from...Fongo

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Zin-Zang on August 27, 2018, 05:38:11 PM

Quote from: hv_ on August 27, 2018, 03:50:07 AM

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?

FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night. Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Zin-Zang on August 27, 2018, 05:38:11 PM

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

The picture says "It has been tested to 380GB".

Might as well chose a 1 petabyte block for eleventy gazillion TPS.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 135. (Read 704506 times)