[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 717.

Grrizz

sr. member

Activity: 294

Merit: 250

Quote from: tekmobile on August 22, 2017, 12:57:26 PM

Quote from: blueshoe on August 22, 2017, 12:48:51 PM

This guy wrote
100 blocks until #BCH +300% difficulty retarget. Miners fearing drop in BCH price should switch to #BTC now.
http://fork.lol/pow/retarget

https://twitter.com/ponli137/status/900045983417065474

Is this right? #BCH +300% difficulty retarget

I dont understand what it mean, (bch goes up or down?) ... sounds important

It means that Bitcoin Cash will be 300% more difficult to mine and be much much less profitable and will make BTC over twice as profitable

The fact that it says 300% must be a capped limit because it should be closer to a 600% increase but there is a maximum the difficulty can increase we will find out in a couple of hours what exactly will happen but expect miners to jump back over to BTC and a day or so after the bitcoin difficulty will drop a bit making it even more profitable

I think it works by "intended time to retarget (14 days)"/"actual time to retarget (~2.6 days)" so that would be ~5.3-5.4x increase in difficulty.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: blueshoe on August 22, 2017, 12:48:51 PM

This guy wrote
100 blocks until #BCH +300% difficulty retarget. Miners fearing drop in BCH price should switch to #BTC now.
http://fork.lol/pow/retarget

https://twitter.com/ponli137/status/900045983417065474

Is this right? #BCH +300% difficulty retarget

I dont understand what it mean, (bch goes up or down?) ... sounds important

It means that Bitcoin Cash will be 300% more difficult to mine and be much much less profitable and will make BTC over twice as profitable

The fact that it says 300% must be a capped limit because it should be closer to a 600% increase but there is a maximum the difficulty can increase we will find out in a couple of hours what exactly will happen but expect miners to jump back over to BTC and a day or so after the bitcoin difficulty will drop a bit making it even more profitable

blueshoe

sr. member

Activity: 277

Merit: 250

This guy wrote
100 blocks until #BCH +300% difficulty retarget. Miners fearing drop in BCH price should switch to #BTC now.
http://fork.lol/pow/retarget

https://twitter.com/ponli137/status/900045983417065474

Is this right? #BCH +300% difficulty retarget

I dont understand what it mean, (bch goes up or down?) ... sounds important

2012

legendary

Activity: 1526

Merit: 1003

Quote from: estenity on August 22, 2017, 11:30:39 AM

what is the best functional wallet for BCC?

https://coinomi.com/

I'm using this multi currency wallet in my mobile phone and it's working smoothly so if you are looking for great wallet than it's good choice.

Rinaze

full member

Activity: 322

Merit: 100

Quote from: tomkat on August 22, 2017, 11:54:11 AM

Quote from: estenity on August 22, 2017, 11:30:39 AM

what is the best functional wallet for BCC?

Probably this https://electroncash.org/

Is Electron Cash still crashing with Electrum if both are installed on the same desktop?

Grrizz

sr. member

Activity: 294

Merit: 250

Quote from: Savik on August 22, 2017, 10:54:33 AM

Quote from: Bigmacduck on August 22, 2017, 10:37:27 AM

Quote from: sammrheza on August 22, 2017, 10:18:00 AM

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

Excellent site, thanks for posting this. Anyone know how the profitability would compare it BTC diff goes down -1% and BCH goes up 500% (assuming all else remains equal)?

http://fork.lol/ give an estimate after BCH difficulty adjustment (in a few of hours) taking into account block rewards and fees too (assuming all remains the same), ~2.45x in favour of BTC, of course then you have the miners moving back to BTC and the BTC difficulty adjustment of something like -8% IIRC shortly after that which isn't taken into account in that, of course Segwit and faster blocks will also help empty the mempool in turn lowering fees so that will bring BTC profitability down a little too.

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: estenity on August 22, 2017, 11:30:39 AM

what is the best functional wallet for BCC?

Probably this https://electroncash.org/

estenity

hero member

Activity: 1928

Merit: 538

what is the best functional wallet for BCC?

Sam123

hero member

Activity: 980

Merit: 502

The fluctuation price of Bitcoin Cash is huge. Some investors are making a killing But come with a very high risk

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Bigmacduck on August 22, 2017, 10:37:27 AM

Quote from: sammrheza on August 22, 2017, 10:18:00 AM

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

The miners won't allow that they have millions locked up in BTC would you walk away from millions just to support a new chain

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

roeks

newbie

Activity: 26

Merit: 0

Shame to see Bitmain mining empty blocks https://blockchain.info/charts/n-transactions-per-block

Savik

full member

Activity: 364

Merit: 101

Quote from: Bigmacduck on August 22, 2017, 10:37:27 AM

Quote from: sammrheza on August 22, 2017, 10:18:00 AM

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

Excellent site, thanks for posting this. Anyone know how the profitability would compare it BTC diff goes down -1% and BCH goes up 500% (assuming all else remains equal)?

Bigmacduck

jr. member

Activity: 79

Merit: 1

Quote from: sammrheza on August 22, 2017, 10:18:00 AM

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

See how much the average time to mine a block in minutes on BTC has shot up over the last 7 days
https://data.bitcoinity.org/bitcoin/block_time/7d?f=m10&t=l

This is because of the decreasing hash power on the BTC chain with (not-yet) changed difficulty level:
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&g=15&t=a

This would be a recipe for disaster if that trend of miner defecting continue after the next difficulty adjustment.

BTC-TK

member

Activity: 154

Merit: 14

How much now about time passes before 1 transaction confirmation?

miKcrypto

full member

Activity: 168

Merit: 100

Quote from: tekmobile on August 22, 2017, 10:03:21 AM

Quote from: gyu22 on August 22, 2017, 08:32:18 AM

Bitcoin may be winning the battle for investment dollars, but when it comes to attracting mining power, competition is heating up.

After the bitcoin cash blockchain experienced a major adjustment this weekend, the less than one-month-old cryptocurrency has seen a dramatic reduction in mining difficulty, and perhaps more crucially, an increase in its profitability for those providing computing power as a means to secure its ledger.

https://www.coindesk.com/bitcoin-cash-wins-mining-power-price-falls-back-600/

Tomorrow's headline

Miners flee Bitcoin Cash as profibility tumbles

I feel like we may see some kind of battle for a while here eventually one of them is going to take the reigns

animatormatthew

newbie

Activity: 21

Merit: 0

Whats up with BCC this is whats up............................... https://www.cryptocoinsnews.com/bitcoin-cash-chinese-big-3-exchanges-huobi-okcoin-launch-trading. All hail the king BCC

sammrheza

sr. member

Activity: 448

Merit: 265

wtf need a hour to send bitcoin now ? and few mins to send bitcoin cash , what happened ?

tekmobile

full member

Activity: 392

Merit: 154

Quote from: gyu22 on August 22, 2017, 08:32:18 AM

Bitcoin may be winning the battle for investment dollars, but when it comes to attracting mining power, competition is heating up.

After the bitcoin cash blockchain experienced a major adjustment this weekend, the less than one-month-old cryptocurrency has seen a dramatic reduction in mining difficulty, and perhaps more crucially, an increase in its profitability for those providing computing power as a means to secure its ledger.

https://www.coindesk.com/bitcoin-cash-wins-mining-power-price-falls-back-600/

Tomorrow's headline

Miners flee Bitcoin Cash as profibility tumbles

neutraLTC

legendary

Activity: 1492

Merit: 1021

BTC.com has just released a Bitcoin Cash mobile app for Android and iOS users

https://blog.btc.com/bitcoin-cash-wallet-for-mobile-grab-it-now-f017957d956e

gyu22

full member

Activity: 127

Merit: 100

Bitcoin may be winning the battle for investment dollars, but when it comes to attracting mining power, competition is heating up.

After the bitcoin cash blockchain experienced a major adjustment this weekend, the less than one-month-old cryptocurrency has seen a dramatic reduction in mining difficulty, and perhaps more crucially, an increase in its profitability for those providing computing power as a means to secure its ledger.

https://www.coindesk.com/bitcoin-cash-wins-mining-power-price-falls-back-600/

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 717. (Read 704812 times)