[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 688.

tekmobile

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Quote from: Savik on August 28, 2017, 11:57:49 AM

I really like the direction that the difficulty is going now. It has been oscillating the past few weeks between super high and super low which caused problems for everyone, but now we are settling on a difficulty that is getting close to the target of 10min/block:

http://bch.xbt.it/?interval=10

If this remains stable for the next regular re-target at block #485856 we should see minimal difficulty changes (compared to what we have already seen) and both BTC and BCH will be able to have a stable trajectory of mining hash rate.

Still looking at a difficulty increase for BCH and a difficulty decrease for BTC but yes its still a much better situation I think they gave finally figured out that profitability needs to be just under BTC to stop the wild swings because as soon as it goes over a bunch of miners just rape it and leave

Savik

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I really like the direction that the difficulty is going now. It has been oscillating the past few weeks between super high and super low which caused problems for everyone, but now we are settling on a difficulty that is getting close to the target of 10min/block:

http://bch.xbt.it/?interval=10

If this remains stable for the next regular re-target at block #485856 we should see minimal difficulty changes (compared to what we have already seen) and both BTC and BCH will be able to have a stable trajectory of mining hash rate.

tekmobile

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Quote from: blackjok3r on August 28, 2017, 08:45:37 AM

You assume 2x fork happens. We wait and see.

Nobody knows I think it will be a bad idea if it does but does not seem to have any real support apart from the miners agreement and we don't even know if they will enforce it but users will still probably hedge their bets just incase

blackjok3r

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You assume 2x fork happens. We wait and see.

tekmobile

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Quote from: blackjok3r on August 28, 2017, 08:21:20 AM

But segwit will break bitcoin and everyone will run. I'm sticking to my guns on this one. Was a huge gamble selling all my BTC for BCH to buy BCH at 0.06. But I've already made a massive return. Coinbase was releasing theirs in JAN, I expect bitcoin to be broken by then and coinbase owners will be shafted only getting one coin and not getting the chance to make this huge profit. But at least they will get them its better than nothing.

Segwit has been active on litecoin for a while now and there are no issues plus with the 2x fork in november/december you will need to hold BTC if you want a share of segwit2x.

Now we don't know if 2x will survive the users seem to be against it so may die but the same was thought about BCH too so who knows but im guessing there will be a huge BCH selloff going into november up to the fork just to gain extra 2x just incase it gets some adoption and value

blackjok3r

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But segwit will break bitcoin and everyone will run. I'm sticking to my guns on this one. Was a huge gamble selling all my BTC for BCH to buy BCH at 0.06. But I've already made a massive return. Coinbase was releasing theirs in JAN, I expect bitcoin to be broken by then and coinbase owners will be shafted only getting one coin and not getting the chance to make this huge profit. But at least they will get them its better than nothing.

Welds1977

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Quote from: Angroys on August 28, 2017, 06:51:42 AM

whats with the price drop recently?

it didn't drop . it followed a classic head and shoulders pattern.

winding-coils

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Quote from: iamnewhere on August 28, 2017, 08:12:26 AM

Quote from: blackjok3r on August 28, 2017, 08:06:38 AM

At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.

And what do you think will happen when coinbase will release the locked BCH to their owners finally? Wink

There is no reason to dump a huge amount of BTC (even with a major supply in cold storages there are by far more BTC on the open market now than from BCH) but more than one reason to dump BCH before others can do and with the larger coin supply then it'll be no longer so easy to pump it for the miners Wink

People will use the coin that is useful and the one that becomes difficult to use will not be.
Some folks with a hell of a lot of bitcoin have been saying this for months now but still some seem to not have heard?

tekmobile

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Quote from: blackjok3r on August 28, 2017, 08:06:38 AM

At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.

The miners are still going too fast though it may not take a few days this time but it will still be much faster than it should meaning the difficulty will still increase by a considerable amount on top of that the BTC difficulty is due a reduction so profitability will dive further its just a waiting game to see whats going to happen this time

id10tothe9

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Quote from: iamnewhere on August 25, 2017, 02:49:43 AM

Quote from: id10tothe9 on August 25, 2017, 02:23:39 AM

lolsss

I'm glad I kept faith in this coin Grin

where can i find info about the current stats, like fee and number of tx per block etc?

http://fork.lol

you can see how the miners abuse the emergency diff recalc "feature" and mining 2-3 days more blocks than intended, after diff adjustment just leave and wait for emergency to kick in and come back 1-2 later at low diff to farm that coin again - so you can just send your BTC directly to the miners, saves you time to buy their BCH Wink

uh thanks that's a nice site!
wow so now the amout of fees payed on one BTC block is around $10k, while for BCH only 10$ Shocked

since the amount of tx per block for BTC is about 100x higher (actually less) then in comparison, the fees of BCH for same amount of tx would be like $1000, actually even less than 10% of the current BTC fees. did I get this right?
I think now for btc tx we pay like $5, so for BCH is it now 50cents? will it stay at this rate for BCH or can it get even lower with the time?
sounds all good to me since BCH will also allow 4x more transactions per block right?

iamnewhere

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Quote from: blackjok3r on August 28, 2017, 08:06:38 AM

At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.

And what do you think will happen when coinbase will release the locked BCH to their owners finally? Wink

There is no reason to dump a huge amount of BTC (even with a major supply in cold storages there are by far more BTC on the open market now than from BCH) but more than one reason to dump BCH before others can do and with the larger coin supply then it'll be no longer so easy to pump it for the miners Wink

blackjok3r

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Activity: 35

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At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.

Victory33

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Quote from: Angroys on August 28, 2017, 06:51:42 AM

whats with the price drop recently?

Lots of problems with network and slow blocks! Confirmations are very slow for transactions.

Walker0118

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😶😶😶😶😶

Im getting crazy of this. Still didnt claim my bitcoin cash
Becouse i still dont know How.
I have bitcoin on A usb stick. So Wallet.dat
How cam i claim them ?? Huh

tekmobile

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Quote from: tomkat on August 28, 2017, 07:07:51 AM

I don't think LN is a holy grail of crypto, and probably won't solve capacity issues.
Just as an example, why would anyone prefer to use 2 on-chain transactions (open channel > [transfer] > close channel) for a simple transfer over a simple single on-chain TX?
I know, the channels are meant for re-using over longer period of time, but here we go with another problem - you must be online to send-receive money, right? So if you want to pay someone, that someone must be online at the same time.
LN is more for merchants, payment hubs and other centralised players, and not for poor little users sending their money few times per month or year.

If you just want to move a small quantity of lump sums then you can do this on chain just as you can now the off chain solutions are designed more for very frequent lower transaction types like you say merchants and payment hubs and no you do not need to be online at the same time

tomkat

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Quote from: tekmobile on August 28, 2017, 06:49:22 AM

Quote from: ?? on ??

Quote from: tekmobile on August 28, 2017, 06:35:13 AM

That was a tiny instantaneous attack im meaning a continuous one and yes the small one was wiped in one block but how would it cope if every 8MB block was full its going to take a considerable longer time to verify which means the creator of the block has a good head start while the others are mining on just the headers while its verified meaning more empty blocks

Again your words are cheap ,

Spam Bitcoin Cash continuously and prove your point , or let your inability to do so , prove mine.

╥Aztek

Ive no intention of doing so just stating if it was to happen it would fail just like BTC does having a larger block does nothing long term its just a short term fix just like segwit is

The only difference is segwit does allow for greater scaling in the future LN gets a lot of grief due to some issues it has but don't forget its still in alpha and these issues are being worked on and the only reason LN gets the main focus is because its being developed by core/blockstream but it will not be the only player in the game now transaction malleability is fixed it makes it much easier for 3rd parties to make and use there own solutions which could be better or could be worse we have the choice and users will vote with their BTC.

I don't think LN is a holy grail of crypto, and probaly won't solve capacity issues.
Just as an example, why would anyone prefer to use 2 on-chain transactions (open channel > [transfer] > close channel) for a simple transfer over a simple single on-chain TX?
I know, the channels are meant for re-using over longer period of time, but here we go with another problem - you must be online to send-receive money, right? So if you want to pay someone, that someone must be online at the same time.
LN is more for merchants, peyment hubs and other centralized players, and not for poor little users sending their money few times per month or year.

tekmobile

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Quote from: Angroys on August 28, 2017, 06:51:42 AM

whats with the price drop recently?

Its the same price as last week around $600 and the week before that was just over $300 if you think its dropped you must have bought into the hype at nearer $1000 if so I have some bad news, you may be waiting a while before it reaches these heights again

Angroys

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whats with the price drop recently?

tekmobile

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Quote from: ?? on ??

Quote from: tekmobile on August 28, 2017, 06:35:13 AM

That was a tiny instantaneous attack im meaning a continuous one and yes the small one was wiped in one block but how would it cope if every 8MB block was full its going to take a considerable longer time to verify which means the creator of the block has a good head start while the others are mining on just the headers while its verified meaning more empty blocks

Again your words are cheap ,

Spam Bitcoin Cash continuously and prove your point , or let your inability to do so , prove mine.

╥Aztek

Ive no intention of doing so just stating if it was to happen it would fail just like BTC does having a larger block does nothing long term its just a short term fix just like segwit is

The only difference is segwit does allow for greater scaling in the future LN gets a lot of grief due to some issues it has but don't forget its still in alpha and these issues are being worked on and the only reason LN gets the main focus is because its being developed by core/blockstream but it will not be the only player in the game now transaction malleability is fixed it makes it much easier for 3rd parties to make and use there own solutions which could be better or could be worse we have the choice and users will vote with their BTC.

European Central Bank

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Quote from: tekmobile on August 28, 2017, 06:35:13 AM

That was a tiny instantaneous attack im meaning a continuous one and yes the small one was wiped in one block but how would it cope if every 8MB block was full its going to take a considerable longer time to verify which means the creator of the block has a good head start while the others are mining on just the headers while its verified meaning more empty blocks

there is a very simple reason why this won't happen.

it's because the only people who've ever spammed the bitcoin blockchain are also the creators of bcash.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 688. (Read 704812 times)