bitcoin cash has zero hashrate? | Bitcointalksearch.org

legendary

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Quote from: kotbi on August 23, 2017, 01:58:15 PM

Right, Only one or two miner pools will stay royal and keep things alive. I was wondering how long it will last. They are losing a lot of money every day. A few weeks> a few months? or a year? It will continue..

as soon as difficulty is down again they can pile up those profits so it levels out with a block a minute. however it makes a total joke out of it being a contender with any credibility.

kotbi

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Quote from: dothebeats on August 23, 2017, 01:53:48 PM

Profitability time is over and the miners who reaped BCH during the low difficulty are now just selling the coins that they got. Not a funny party for BCH holders if you ask me knowing that they're getting their coin raped. Anyhow, there would still be some loyal BCH miners that will not leave just to keep the chain alive, though.

Right, Only one or two miner pools will stay royal and keep things alive. I was wondering how long it will last. They are losing a lot of money every day. A few weeks> a few months? or a year? It will continue..

dothebeats

legendary

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Profitability time is over and the miners who reaped BCH during the low difficulty are now just selling the coins that they got. Not a funny party for BCH holders if you ask me knowing that they're getting their coin raped. Anyhow, there would still be some loyal BCH miners that will not leave just to keep the chain alive, though.

Catmony

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I think this cycle will continue for next few months. Miners will keep moving between bitcoincash and bitcoin with every difficulty adjustment if price of bitcoincash can hold current $500+ level.

valentin68

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In my opinion this is a fake alt-coin made to deceive people from the good bitcoin. Like the SegWith2x that is coming probably tomorrow. All fake currencies will have the same ending, the bitcoin will remain. But this is my opinion, these forks are just the beginning, I guess other things will come for bitcoin in the near future. People are greedy, and maybe this alt-coin that (I read today) was on the 3rd place between all alt-coin will stay on the maarket, but hey, 3 different types of bitcoin...?!

kotbi

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Quote from: European Central Bank on August 23, 2017, 01:48:29 PM

this will continue forever unless they do something about it. it goes to show how little thought went into it. i wonder what other stuff is gonna show up.

you can't be the new bitcoin if it becomes a toy for miners. six hours per block is not a usable currency.

right, they claim that the new coin can be used to pay a cup of coffee. Yet this is a real problem. If they want to change it, I guess it is another hard fork. It will go on and go untill it's abandoned.

European Central Bank

legendary

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this will continue forever unless they do something about it. it goes to show how little thought went into it. i wonder what other stuff is gonna show up.

you can't be the new bitcoin if it becomes a toy for miners. six hours per block is not a usable currency.

kotbi

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Quote from: yoseph on August 23, 2017, 01:39:17 PM

Quote from: kotbi on August 23, 2017, 01:09:23 PM

So after the difficulty adjustment, the bitcoin cash has 3 time higher than before. It's loss for miners to mine bitcoin cash. And it would take extremely long to get one block out. feel the pain of growth?

I always knew that miners would abandon Bitcoin Cash as soon as mining it becomes unprofitable and now it seems that it is. Three days ago it was reported that Bitcoin Cash commanded about 30% of the total BTC hashrate and now its completely zero which is really unbelievable on how fast it has sunk.

yeah, It went up to 45% yesterday for bitcoin cash. After they mine and sell the bch and take the profit, they quickly turn back to btc. How dramatic is that!

kotbi

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Quote from: Jarkss on August 23, 2017, 01:18:18 PM

If I may Ask, where did you get that info? Sorry for newb question.. hahaha

check the website http://fork.lol/pow/hashrate
as a matter of fact, the bitcoin cash hashrate gets close to 50% a day ago. Now all of sudden all the hashrate goes back to bitcoin. How quick it is . It's all economic driven.

yoseph

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Quote from: kotbi on August 23, 2017, 01:09:23 PM

So after the difficulty adjustment, the bitcoin cash has 3 time higher than before. It's loss for miners to mine bitcoin cash. And it would take extremely long to get one block out. feel the pain of growth?

I always knew that miners would abandon Bitcoin Cash as soon as mining it becomes unprofitable and now it seems that it is. Three days ago it was reported that Bitcoin Cash commanded about 30% of the total BTC hashrate and now its completely zero which is really unbelievable on how fast it has sunk.

Jarkss

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If I may Ask, where did you get that info? Sorry for newb question.. hahaha

kotbi

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So after the difficulty adjustment, the bitcoin cash has 3 time higher than before. It's loss for miners to mine bitcoin cash. And it would take extremely long to get one block out. feel the pain of growth?

kotbi

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Did you notice that in the past few hours, all the hashrate moves away from bitcoin cash to bitcoin? Is this a disaster for bch? nuclear winter is coming?

Topic: bitcoin cash has zero hashrate? (Read 485 times)