Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 621. (Read 704412 times)
Maybe technical advantages could be improved at BCH, what I doubt, but supporters weren't enough to beat Bitcoin/to become the "orignal Bitcoin". Now I think, even a second fork wouldn't stop the main stream of Bitcoin.
I wish that I had a miner. I rented some hash on MMR for 72 hours and some for 48 hours because I thought the hyper blocks would last at least 3 days. Looks like it may only last a little over 2 days. They need to change the retarget to something better. So many improved retarget algos out there to chose from. This EDA coupled with regular retarget at 2016 blocks just is not cutting it.
I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Thank you in advance.
Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin
Is that a new alt coin project ? Then it is not related with bitcoin like bitcoin cash. Is it just a name resemblance or a work that is in the bitcoin team? I'm curious about that
It's pretty much a copy of the core code with a different hashing algorithm and a revised difficulty adjust the only thing linking them is that they are forking from the bitcoin chain
So
Hashing: SHA256 > Equihash (same as Zcash uses)
Difficulty: 2016 Blocks > Every Block
That's pretty much it I think there is something about allowing blocksize to increase if nessesary but starting with the normal 1MB
It's nothing to do with core and does not affect either core or Bcash hashing due to algorithm change and is supposed to have full replay protection
I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Thank you in advance.
Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin
Is that a new alt coin project ? Then it is not related with bitcoin like bitcoin cash. Is it just a name resemblance or a work that is in the bitcoin team? I'm curious about that
Honestly, there is too many "what if" and "if" and "will be" and "maybe will be" in this scene. Both for BTC and BCH. I don't think "ordinary" people will use and take these stuff seriously any time soon unless something changes drastically and all this fighting and cloning and altcoining and forking needs to stop.
Well, I think ordinary people most definitely will use LNs because they will want instant confirmations. Stores and merchants will probably use LNs as well for the same reason. For jeans or dinner worth amounts I suppose it's fine, as long as you keep the rest of your bitcoins safely stored on the (main) blockchain. Which I am afraid is not what most of the ordinary people will be doing - they will move more than necessary to the side channels for convenience reasons and that may or may not turn out to be a problem.
In their announcement they don't say anything about any auto-selling and btc-crediting after the deadline. The only thing they actually say is:
Quote
Whether you convert now and keep your BCH in Xapo as BTC or you withdraw them, December 14th would be the deadline.
It's under the FAQ page neat the bottom
https://support.xapo.com/about-bitcoin-cash
Quote
What will happen if I don’t withdraw or sell my Bitcoin Cash by December 14th, 2017?
You will not lose your coins and Xapo will not keep unsold Bitcoin Cash for itself.
If we receive no further action from you before this date, your Bitcoin Cash balance will automatically be sold and the value will be added to your Bitcoin wallet.
Please note the amount received will reflect the market rate at the time the sale is executed.
That's great, so they will not try to rob people and then say "your bad, you should have withdrawn by the deadline".
if xapo will convert my bitcoin cash to bitcoin and add them to my wallet then this is going to be good, i will not have to rush to withdraw after that assurance, but bitcoin cash is growing strong in value, i will make a decision before 14th dec.
https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
Quote
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users?
The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"?
Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC?
Hm... hm... any guesses?
It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTC
In their announcement they don't say anything about any auto-selling and btc-crediting after the deadline. The only thing they actually say is:
Quote
Whether you convert now and keep your BCH in Xapo as BTC or you withdraw them, December 14th would be the deadline.
It's under the FAQ page neat the bottom
https://support.xapo.com/about-bitcoin-cash
Quote
What will happen if I don’t withdraw or sell my Bitcoin Cash by December 14th, 2017?
You will not lose your coins and Xapo will not keep unsold Bitcoin Cash for itself.
If we receive no further action from you before this date, your Bitcoin Cash balance will automatically be sold and the value will be added to your Bitcoin wallet.
Please note the amount received will reflect the market rate at the time the sale is executed.
https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
Quote
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users?
The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"?
Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC?
Hm... hm... any guesses?
It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTC
In their announcement they don't say anything about any auto-selling and btc-crediting after the deadline. The only thing they actually say is:
Quote
Whether you convert now and keep your BCH in Xapo as BTC or you withdraw them, December 14th would be the deadline.
Honestly, there is too many "what if" and "if" and "will be" and "maybe will be" in this scene. Both for BTC and BCH. I don't think "ordinary" people will use and take these stuff seriously any time soon unless something changes drastically and all this fighting and cloning and altcoining and forking needs to stop.
And you support the one that started it all
There will be a lot of if this and if that's because nobody knows what will happen it's all speculation all we can do is go on the past to predict the present
It is currently 71.2% more profitable to mine on the Bitcoin Cash blockchain.
╥Aztek
╥Aztek
That's the spirit celebrate because Bcash had for force 5 difficulty reductions pure incompetence all they had to do was come back a bit earlier and keep it stable but nope couldn't manage that and f##ked it up and overshot by a huge amount and now averaging 2.5min blocks
By the time this period is over the Bcash chain will probably be a whole month infront not bad for only being 2 month old just a shame the reward will halve twice as fast and the miners will need to rely more heavily on fees which are non existent due to the blocks being way too big for the intended purpose
You got to admit , that is one cute puppy.
Bitcoin Cash will be fine, halving is a long ways away, and at least with it 8MB the miners will be able to survive off of transaction fees,
when all of the money flows into segshit, how do you think the old 1 mb bitcrap miners are going to survive.
There are going to leave the old 1 mb bitcrap in a death spiral if LN ever takes off once their mining rewards drop.
╥Aztek
The miners get 100% of segwit transactions and if Roger Ver is to believed then Bcash is also getting a side chain
Plus LN is not designed for big transactions it's for the small ones that are not feasible to be done on chain
It's all about having a good balance
It is currently 71.2% more profitable to mine on the Bitcoin Cash blockchain.
╥Aztek
╥Aztek
That's the spirit celebrate because Bcash had for force 5 difficulty reductions pure incompetence all they had to do was come back a bit earlier and keep it stable but nope couldn't manage that and f##ked it up and overshot by a huge amount and now averaging 2.5min blocks
By the time this period is over the Bcash chain will probably be a whole month infront not bad for only being 2 month old just a shame the reward will halve twice as fast and the miners will need to rely more heavily on fees which are non existent due to the blocks being way too big for the intended purpose
I think a lot of people are making a big mistake betting against bitcoin cash.
I believe they're going to implement some anonymous features that will give them a big edge
Jihan and Roger Ver have tremendous power and influence.
I'm definitely going long.
I believe they're going to implement some anonymous features that will give them a big edge
Jihan and Roger Ver have tremendous power and influence.
I'm definitely going long.
Privacy features are coming for Bitcoin Cash, yes, but also smart contracts. Both of these have already been discussed as being worked on.
I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Thank you in advance.
yep, it even has its own site that manifests the date of that hardfork i.e. October, 25th. This means that all btc holders will get new free coins and no one knows how far Bitcoin Gold will go.
I think a lot of people are making a big mistake betting against bitcoin cash.
I believe they're going to implement some anonymous features that will give them a big edge
Jihan and Roger Ver have tremendous power and influence.
I'm definitely going long.
I believe they're going to implement some anonymous features that will give them a big edge
Jihan and Roger Ver have tremendous power and influence.
I'm definitely going long.
If ive worked it out correctly (probably not but lets see how close I am) its gonna be about 6% difficulty of the BTC chain
Just a tad under that. But BTC difficulty due to drop a bit in the next couple of days. Not sure that will matter much though.
I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Thank you in advance.
Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin
I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Thank you in advance.
Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
Yippie, vulture miners love hyper blocks.
Will be keeping a close eye on this. Wonder when the magical mystery miners will return. Have they thrown in the towel?
Edit:17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg just mined a block. They're here.
https://www.youtube.com/watch?v=CVC2vyVCWJI
If ive worked it out correctly (probably not but lets see how close I am) its gonna be about 6% difficulty of the BTC chain
Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
Yippie, vulture miners love hyper blocks.
Will be keeping a close eye on this. Wonder when the magical mystery miners will return. Have they thrown in the towel?Edit:17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg just mined a block. They're here.
https://www.youtube.com/watch?v=CVC2vyVCWJI
Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
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