Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 690. (Read 704406 times)
Did EDA happen? What is happening?
I don't really see it solving anything at all...
https://www.reddit.com/r/btc/comments/6wepge/zhuo_er_jiang_head_of_btctop_and_the_recent/
Quote
Those three blocks (483844, 483845, 483846) were mined by big blockers, the goal (of those three blocks) was to keep the mining reward of BCH slightly below that of BTC.
So there won't be a massive influx of hashpower, causing a pre-mature halvening of BCH. (We were going to) stop the excessive use of EDA last time, but I overslept.
A massive influx of hash power is a PR event for attracting attention, but the downside is extremely fast block time, over-producing mining reward.
The advantage of BCH over BTC is capacity (fast confirmation and low fee), and that will win in the long run, not short run.
So there won't be a massive influx of hashpower, causing a pre-mature halvening of BCH. (We were going to) stop the excessive use of EDA last time, but I overslept.
A massive influx of hash power is a PR event for attracting attention, but the downside is extremely fast block time, over-producing mining reward.
The advantage of BCH over BTC is capacity (fast confirmation and low fee), and that will win in the long run, not short run.
The Answer to your confusion is in RED.
╥Aztek
What is EDA?
BCC difficulty seems to have huge swings, I cannot see how it can survive with this form of difficulty readjustment.
I don't really see it solving anything at all...
Is it possible that like many who argued against bitcoin unlimited and now bitcoin cash you too don't use bitcoin, so therefore you don't see it solving any issue, because you don't see the issue, because you don't use it?BCC should solve alot of issues for those who do not like what Bitcoin classic is doing
I don't really see it solving anything at all...
Does nobody find it crazy that Johnny and so many others who are arguing adamantly for something against the opinion of others who actually make use of the function, don't actually participate actively in that function?
BCC difficulty seems to have huge swings, I cannot see how it can survive with this form of difficulty readjustment.
I don't really see it solving anything at all...
BCC should solve alot of issues for those who do not like what Bitcoin classic is doing
I don't really see it solving anything at all...
Zhuo' Er Jiang (head of BTC.top) and the recent emergency difficulty adjustment (EDA) on BCH and his plan for BCH in the short term and long term
https://www.reddit.com/r/btc/comments/6wepge/zhuo_er_jiang_head_of_btctop_and_the_recent/
https://www.reddit.com/r/btc/comments/6wepge/zhuo_er_jiang_head_of_btctop_and_the_recent/
Bestcoin [BEST] said the same thing and now its at 25sats
Oo
Oo
Listen Jack,
Shouldn't you be out trading your Mother's Cow for some Magic beans.
╥Aztek
NO Mama! Its Real Bitcoin. Not a Token!
I think the only way to scale is to have more than one chain. We have multiple currencies in the world now so it would stay pretty similar. Then we have barterdex technology to move coins from one chain to another at market value in a decentralised way. I am all in on BCH right from the start, swapped all my BTC for it at 0.06 after the first pump and dump. The network is superior to segwitcoin.
lLN will allow trading between chains
https://bitcoinmagazine.com/articles/atomic-swaps-how-the-lightning-network-extends-to-altcoins-1484157052/
https://interledger.org/rfcs/0003-interledger-protocol/
It seems to me, blockstream, segwit, is an attempt to make bitcoin very much like xrp...any thoughts?
IRS May Consider Bitcoin Cash Fork Taxable Income This Year
https://news.bitcoin.com/irs-bitcoin-cash/
How is this any different than saying, if you come upon some money there are tax implications?
FUD
"oh no you got money and might have to pay taxes on it" this is like capital gains fud
IRS May Consider Bitcoin Cash Fork Taxable Income This Year
https://news.bitcoin.com/irs-bitcoin-cash/
Why no movements?
No miners welcome to the world of bitcoin cash it only works a couple of days before taking a breather
Its a on/off currency depending if the miners feel like mining it all depends on what they earn
Why no movements?
I still haven't been able to redeem my coins, because electron keeps crashing on me. As soon as I select the server after the initialization it closes without any message.
BCC should solve alot of issues for those who do not like what Bitcoin classic is doing
-snip-
The correlation between hashrate/confirmation times to Bitcoin Cash price is that when the blockchain stops moving so nobody can move coins to the exchanges to sell them then it is a good time for a pump.
The correlation between hashrate/confirmation times to Bitcoin Cash price is that when the blockchain stops moving so nobody can move coins to the exchanges to sell them then it is a good time for a pump.
what about traders? aren't a part of the equation as well?
Yes, exactly what I was getting at. Traders taking the opportunity to pump while the miners can't get their coin to market to sell.
I see, very interesting, indeed.
-snip-
The correlation between hashrate/confirmation times to Bitcoin Cash price is that when the blockchain stops moving so nobody can move coins to the exchanges to sell them then it is a good time for a pump.
The correlation between hashrate/confirmation times to Bitcoin Cash price is that when the blockchain stops moving so nobody can move coins to the exchanges to sell them then it is a good time for a pump.
what about traders? aren't a part of the equation as well?
Yes, exactly what I was getting at. Traders taking the opportunity to pump while the miners can't get their coin to market to sell.
Bitcoin Cash difficulty already went way up close to 12 hours ago and hashrate dipped way down (as expected):
http://fork.lol/pow/hashrate
Currently, blocks are being mined approximately every 2 hours: https://www.blocktrail.com/BCC
What will happen next is that if there are fewer than 6 blocks mined in a 12-hour window (approximately-- see https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e for details), Bitcoin Cash will undergo an Emergency Difficulty Adjustment where the next block will then be 20% easier to mine. It will continue to do this until the difficulty is approximately proportional to that of Bitcoin (~$600/$4300), at which point each miner will decide that it's more profitable to mine Bitcoin Cash and will move hashpower there. This swing will continue to happen every 2016 blocks (which is the "normal" difficulty adjustment timeframe).
Interestingly, there is essentially no correlation between hashrate/confirmation times to Bitcoin Cash price... the most price breakout occurred while the hash rate dipped.
http://fork.lol/pow/hashrate
Currently, blocks are being mined approximately every 2 hours: https://www.blocktrail.com/BCC
What will happen next is that if there are fewer than 6 blocks mined in a 12-hour window (approximately-- see https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e for details), Bitcoin Cash will undergo an Emergency Difficulty Adjustment where the next block will then be 20% easier to mine. It will continue to do this until the difficulty is approximately proportional to that of Bitcoin (~$600/$4300), at which point each miner will decide that it's more profitable to mine Bitcoin Cash and will move hashpower there. This swing will continue to happen every 2016 blocks (which is the "normal" difficulty adjustment timeframe).
Interestingly, there is essentially no correlation between hashrate/confirmation times to Bitcoin Cash price... the most price breakout occurred while the hash rate dipped.
Now that is a very good observation, the relation between hash and price and do they track together. Keep an eye on things this is getting interesting.
bids for BCC are @ $631 at time of post, while the BTC chain is more profitable and hash has moved to the BTC chain
The correlation between hashrate/confirmation times to Bitcoin Cash price is that when the blockchain stops moving so nobody can move coins to the exchanges to sell them then it is a good time for a pump.
what about traders? aren't a part of the equation as well?
I know I did 
... but I'm still holding some which I bought waaaay up there... 
... but I'm still holding some which I bought waaaay up there... Hold it till your last fucking breath, lol
I'm sure that advise was also gold when the value was over $800 too week on week it's been on a slow decline with the odd little breakout but slowly making its way back to $300
Sticking to the plan is an essential part of the strategy, never back down.
Bitcoin Cash difficulty already went way up close to 12 hours ago and hashrate dipped way down (as expected):
http://fork.lol/pow/hashrate
Currently, blocks are being mined approximately every 2 hours: https://www.blocktrail.com/BCC
What will happen next is that if there are fewer than 6 blocks mined in a 12-hour window (approximately-- see https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e for details), Bitcoin Cash will undergo an Emergency Difficulty Adjustment where the next block will then be 20% easier to mine. It will continue to do this until the difficulty is approximately proportional to that of Bitcoin (~$600/$4300), at which point each miner will decide that it's more profitable to mine Bitcoin Cash and will move hashpower there. This swing will continue to happen every 2016 blocks (which is the "normal" difficulty adjustment timeframe).
Interestingly, there is essentially no correlation between hashrate/confirmation times to Bitcoin Cash price... the most price breakout occurred while the hash rate dipped.
http://fork.lol/pow/hashrate
Currently, blocks are being mined approximately every 2 hours: https://www.blocktrail.com/BCC
What will happen next is that if there are fewer than 6 blocks mined in a 12-hour window (approximately-- see https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e for details), Bitcoin Cash will undergo an Emergency Difficulty Adjustment where the next block will then be 20% easier to mine. It will continue to do this until the difficulty is approximately proportional to that of Bitcoin (~$600/$4300), at which point each miner will decide that it's more profitable to mine Bitcoin Cash and will move hashpower there. This swing will continue to happen every 2016 blocks (which is the "normal" difficulty adjustment timeframe).
Interestingly, there is essentially no correlation between hashrate/confirmation times to Bitcoin Cash price... the most price breakout occurred while the hash rate dipped.
Now that is a very good observation, the relation between hash and price and do they track together. Keep an eye on things this is getting interesting.
bids for BCC are @ $631 at time of post, while the BTC chain is more profitable and hash has moved to the BTC chain
The correlation between hashrate/confirmation times to Bitcoin Cash price is that when the blockchain stops moving so nobody can move coins to the exchanges to sell them then it is a good time for a pump.
I think that perhaps the most interesting observation about the Bitcoin Cash blocks that are being mined is that they are not entirely being found by "Unknown" and "ViaBTC"-- those pools were the ones who stayed with Bitcoin Cash through thick and thin.
If you look here:
https://www.blocktrail.com/BCC
Antpool, BTC.top and BTC.com are all in the game. This implies that all of them are devoting at least some percentage of their hashpower to Bitcoin Cash and they all have skin in the game now.
It will be very interesting to see whether they all stay in the game. However, one thing that's clear (and that may explain the breakout, at least partially) is that the success of Bitcoin Cash is no longer entirely dependent on the Unknown and ViaBTC miners-- it is becoming more mainstream.
If you look here:
https://www.blocktrail.com/BCC
Antpool, BTC.top and BTC.com are all in the game. This implies that all of them are devoting at least some percentage of their hashpower to Bitcoin Cash and they all have skin in the game now.
It will be very interesting to see whether they all stay in the game. However, one thing that's clear (and that may explain the breakout, at least partially) is that the success of Bitcoin Cash is no longer entirely dependent on the Unknown and ViaBTC miners-- it is becoming more mainstream.
Bitcoin Cash difficulty already went way up close to 12 hours ago and hashrate dipped way down (as expected):
http://fork.lol/pow/hashrate
Currently, blocks are being mined approximately every 2 hours: https://www.blocktrail.com/BCC
What will happen next is that if there are fewer than 6 blocks mined in a 12-hour window (approximately-- see https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e for details), Bitcoin Cash will undergo an Emergency Difficulty Adjustment where the next block will then be 20% easier to mine. It will continue to do this until the difficulty is approximately proportional to that of Bitcoin (~$600/$4300), at which point each miner will decide that it's more profitable to mine Bitcoin Cash and will move hashpower there. This swing will continue to happen every 2016 blocks (which is the "normal" difficulty adjustment timeframe).
Interestingly, there is essentially no correlation between hashrate/confirmation times to Bitcoin Cash price... the most price breakout occurred while the hash rate dipped.
http://fork.lol/pow/hashrate
Currently, blocks are being mined approximately every 2 hours: https://www.blocktrail.com/BCC
What will happen next is that if there are fewer than 6 blocks mined in a 12-hour window (approximately-- see https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e for details), Bitcoin Cash will undergo an Emergency Difficulty Adjustment where the next block will then be 20% easier to mine. It will continue to do this until the difficulty is approximately proportional to that of Bitcoin (~$600/$4300), at which point each miner will decide that it's more profitable to mine Bitcoin Cash and will move hashpower there. This swing will continue to happen every 2016 blocks (which is the "normal" difficulty adjustment timeframe).
Interestingly, there is essentially no correlation between hashrate/confirmation times to Bitcoin Cash price... the most price breakout occurred while the hash rate dipped.
Now that is a very good observation, the relation between hash and price and do they track together. Keep an eye on things this is getting interesting.
bids for BCC are @ $631 at time of post, while the BTC chain is more profitable and hash has moved to the BTC chain
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