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Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 177. (Read 704529 times)

member
Activity: 494
Merit: 12
Bitcoin Cash project team is very reliable, technical capability and marketing are doing a good job, in the field of block chain payment, I think BCH will become NO1.


Bcash has none of the mentioned above capabilities.
member
Activity: 637
Merit: 11
Every POW coin will fail, one earlier, one later. See all the 51% attacks on BTG and VERGE.

There is only one solution with enough experiance: POS  Grin

POS has its use cases but it's more vulnerable to rich getting richer effect
https://www.yours.org/content/proof-of-work-vs-proof-of-stake-5437b3a591e7

Big coins are safe, and the smaller ones... well, in order to survive they should attract more hash power
https://www.crypto51.app/
The argument the richer get richer is of course not really wrong. But whats the matter if the richest in a coin is a non profit social aspect which is never be sold.
sr. member
Activity: 1451
Merit: 258
Bitcoin Cash project team is very reliable, technical capability and marketing are doing a good job, in the field of block chain payment, I think BCH will become NO1.

Not necessarily, many close competitors BCH and it's not easy if you want to be number one, can you be sure as long as bitcoin is still there?
hero member
Activity: 1022
Merit: 507
Every POW coin will fail, one earlier, one later. See all the 51% attacks on BTG and VERGE.

There is only one solution with enough experiance: POS  Grin

POS has its use cases but it's more vulnerable to rich getting richer effect
https://www.yours.org/content/proof-of-work-vs-proof-of-stake-5437b3a591e7

Big coins are safe, and the smaller ones... well, in order to survive they should attract more hash power
https://www.crypto51.app/
member
Activity: 637
Merit: 11
Every POW coin will fail, one earlier, one later. See all the 51% attacks on BTG and VERGE.

There is only one solution with enough experiance: POS  Grin
full member
Activity: 336
Merit: 100
Bitcoin Cash project team is very reliable, technical capability and marketing are doing a good job, in the field of block chain payment, I think BCH will become NO1.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
EOS going to knock you out your spot

Username checks out.

Incidentally, have you seen the recent expose' of EOS potentially fatal vulnerabilities from a significant group of EOS devs?
full member
Activity: 208
Merit: 100
EOS going to knock you out your spot Grin Bcash too crash.
legendary
Activity: 2101
Merit: 1061
We're focused on EVERYTHING after the hard fork. We'll be able to run smart contracts and have our own tokens. Bitcoin Cash will absorb all of the best features of the other coins, something bitcoin core has been too scared to do

So not following Satoshi's whitepaper afterall ?
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Must watch. The trust machine - Bitcoin

https://youtu.be/ZKwqNgG-Sv4


 Wink
hero member
Activity: 1148
Merit: 512
EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.

https://medium.com/eostribe/eos-bp-security-statement-e8cbf0df72db



I only use and hold real coins such as bitcoin, DASH, KMD, XVG like as long investment . All fork coins are the only copies from them and so I never highly appreciate those fork coins .
hero member
Activity: 1022
Merit: 507
https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.html
Bitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report
“Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate).



I said a few month back around $2k to mine 1 og btc...
Probably going to go lower than that ( $800-$1400 possible )


The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic.
To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty.
The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh).
S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc.


True for the average consumer(miner)your prices are probably accurate.
However for industrial scale miners, its not, its alot cheaper.
They buy asics in bulk and get cheaper elec, leading to huge savings.

Also the producers of asics are always  ahead.
While average miners use s9, the asic producers will be using "testing" s10 and be creating s11 always remain a few steps ahead of the rest.


Probably true about the equipment prices, but energy at $0.05 is rather low... at least for US and EU, not sure about China and far east in general.
Also, for the average consumer grade miner there're no additional costs of large buildings, HVAC installations and employees, so the costs aren't much different imo.
We probably both right depending on the miner.
I think we can agree the price to mine 1og btc is between $2k - $3500 , def not the $8k some places have been reporting.
Lets say $2700 is an average price ...that price will 100% happen for og btc and
then more panic dumping can take its price lower than $2k, imo  

I wonder if Jihan or some other big mining group will tell us the cost for them to mine 1og btc. Smiley

Yes, your average is plausible, and... No, I doubt big miners will ever disclose their costs  Undecided

I know its from crazy John lols but  here is a recent comment(dec2017) from him regarding cost to mine a btc..
John McAfee
‏@officialmcafee
Replying to @MusicalKasparov
The coin itself us a product costing $2,000 to make.   https://twitter.com/officialmcafee/status/938953574729637889?lang=en

Some more (interesting) insights on mining from 1000-miners-owner perspective. Apparently, cooling is important but expensive

Quote
Using HVAC is the most expensive

Quote
Mid-sized miners are going to start turning off around $6800-7000

Quote
$2k is the ACTUAL BREAK-EVEN price for the biggest players

https://www.reddit.com/r/Bitcoin/comments/8mrher/ive_been_mining_bitcoin_for_30_months_here_are/

full member
Activity: 434
Merit: 102
BTC will never have an 'upgrade hardfork ' because the devs and thought leaders have convinced everyone that hard forks are the devil that will split the community no matter what. Smiley
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.

https://medium.com/eostribe/eos-bp-security-statement-e8cbf0df72db

hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
We're focused on EVERYTHING after the hard fork. We'll be able to run smart contracts and have our own tokens. Bitcoin Cash will absorb all of the best features of the other coins, something bitcoin core has been too scared to do

kill all tokens ~ smart contracts are stupid===> BitcoinInstant(BTI) is the only real legit bitcoin fork(*born in 2014*) Wink weeeeee
full member
Activity: 252
Merit: 100
We're focused on EVERYTHING after the hard fork. We'll be able to run smart contracts and have our own tokens. Bitcoin Cash will absorb all of the best features of the other coins, something bitcoin core has been too scared to do
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
It's rather dead in here now

How's your fork coming along

may pop back in another week or 2 and check in



 the best measurement is trolls posting stuff.  So by your own posting of non-sense you are proving the threat BCH poses to your altcoins.  LOL
full member
Activity: 392
Merit: 154
It's rather dead in here now

How's your fork coming along



may pop back in another week or 2 and check in
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
I am very glad that the people prone to hate have blinders on to this coin.  This helps this community stay free from such evil & anti-social types.

Also I am glad those prone to nude emperor worship are blind to this coin.  That keeps us from having lemmings on the ground floor.

And lastly, I am glad that only those who seek and know the truth as relates to BTC vs BCH will see this coin for what it truly is.  This means our foundation is laid by those who possess a clear mastery of the material they are working with. 


                                                                                          I am truly honored to be among this class of individual,

                                                                                                 Best


P.s.  to BitCoin Cash




   
newbie
Activity: 77
Merit: 0
EOS will be used by anyone/everyone in the world, on top of BCH.  People will create their own business/tokens in EOS, being backed in BCH as the global backed currency.  This “race” to be the dominant crypto was never real.  It was always Bitcoin (Cash) and now with the final piece being EOS.
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