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Topic: Bitmain Cash was stillborn. (ITS DEAD!) - page 6. (Read 5821 times)

sr. member
Activity: 290
Merit: 262
Is maith liom bitcoin
August 01, 2017, 11:34:51 AM
#21
yeah i'm confused too.

can someone explain what happens over the next day or two? Not too interested in any of the politics, but I know I get some free anyway.

So I can see on https://www.btcforkmonitor.info/

Node: Bitcoin Core & Node: UASF (BIP 148) & Node: btc1 (segwit2x) and Node: Segsignal (BIP 91 only) are all on block 478590 mining as normal, although the network is eerily quiet on https://blockchain.info/unconfirmed-transactions, there was only 700 transactions queued earlier.

So on the other hand, Node: Bitcoin ABC (Bitcoin Cash; Bcash) is stuck on Current height: 478558 from a couple of minutes after the block was mined. And there's been no blocks since.

It's going to take them 2000 blocks to get their mining difficulty adjusted? And while that's waiting, any transactions are stuck?
member
Activity: 87
Merit: 10
August 01, 2017, 11:32:26 AM
#20
It will survive, it will just be worth very little.
sr. member
Activity: 616
Merit: 252
August 01, 2017, 11:31:40 AM
#19
I am so confused. Bitcoin Core, Bitcoin Unlimited and Bitcoin cash, How many Bitcoin forked clones are there out there? I did not even know there was a bitcoin unlimited clone until today when I read in another thread. Only time will tell what will happen to the BCH coin I guess. We need to wait. One thing I do know is that Bitcoin is Bitcoin period.

haha.. anyone can make a bitcoin clone... it's very easy. Maybe I'll make one tonight, and another tomorrow? Wink
hahaha
sr. member
Activity: 616
Merit: 252
August 01, 2017, 11:30:50 AM
#18
Bitcoin Cash supporters are ether in denial or they are paid shills. This shit coin won't last a week if it survives the next 24 hours.

sure it will survive. Do you think juhan and all his diciples will pour so many billion dollars in the toilet? no. They are smarter than you are (probablly), and will come out of this mess richer than before. The question is only how they are going to do it.

hero member
Activity: 1036
Merit: 504
August 01, 2017, 11:29:30 AM
#17
I am so confused. Bitcoin Core, Bitcoin Unlimited and Bitcoin cash, How many Bitcoin forked clones are there out there? I did not even know there was a bitcoin unlimited clone until today when I read in another thread. Only time will tell what will happen to the BCH coin I guess. We need to wait. One thing I do know is that Bitcoin is Bitcoin period.
legendary
Activity: 883
Merit: 1005
August 01, 2017, 11:19:39 AM
#16
Bitcoin Cash supporters are ether in denial or they are paid shills. This shit coin won't last a week if it survives the next 24 hours.
legendary
Activity: 4424
Merit: 4794
August 01, 2017, 10:26:06 AM
#15
btc1 has nothing to do with bitcoincash.
bitcoin cash is a transparently admitted bilateral split (an altcoin)

btc1 was an attempt to twist peoples opinions and promise things without guarantee, just to get segwit activated


Do you mind give the link to btc1 blog you mentioned since i couldn't find it?

segwit2x made by BLOQ and branded btc1 is made by the same financed group as blockstream

check out the bscartel
dcg.co/portfolio/#b
member
Activity: 111
Merit: 17
August 01, 2017, 10:18:44 AM
#14

Someone did spin up like 4000 AWS BCH nodes (or at least 4000 IPs -- maybe they're all pointing to a few nodes), possibly as a DoS attack against them, or possibly .

You can see the nodes here; https://bitnodes.21.co/nodes/?q=Bitcoin%20ABC:0.14.6  it's the ABC BS
legendary
Activity: 1610
Merit: 1183
August 01, 2017, 10:15:33 AM
#13
People are saying there's a DDoS attack happening on BCC with thousands of bad acting nodes spinning up on AWS in the

last hour. Can anyone acknowledge that this is the case? This is definitely not going to be a solution to stop BCC from gaining

momentum. If people want to use it, let them do that.... The market will decide what they want. No need for this.. if it is true.

I was just reading about this on "the other reddit":

https://www.reddit.com/r/btc/comments/6qw73e/my_abc_full_node_client_just_crashed/

Looks like a similar situation with Bitcoin Unlimited nodes. Maybe there's some kind of exploit in the code? Anyway these losers are already blaming "Core/Blockstream" for their incompetence. It seems they still don't get that this is the standard in open source code development: you have to assume you are going to get attacked.

Hardforkers are the epitome of pathetic.
newbie
Activity: 42
Merit: 0
August 01, 2017, 10:15:04 AM
#12
EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing is dead in the water. Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

Mining is a business, and right now redirecting your hash power to BCH is a loss, because the difficulty is huge while the reward is small. When BCH difficulty will drop, some hashpower/BCH_price equilibrium will be established. So, it doesn't mean that BCH is already dead, but still it's funny how miners, who were crying for big blocks, are refusing to switch to Bitmaincoin, because they have no confidence in its price. Hope it will be a lesson for everyone who didn't realize that Bitcoin's direction is decided by economic majority and not some pure hashrate.

It's even funnier when you realize miners didn't create Bitcoin Cash (Bitcoin Cash was created by another group inspired by Bitmain's contingency plan.)

Miners are sticking to their Segwit2X agreement unlike Blockstream who broke the HK agreement.

LOL this place is like some weird IQ50 echo chamber designed to fool newbies or something.

It's like you morons don't even think before you post, you guys don't even try.
administrator
Activity: 5222
Merit: 13032
August 01, 2017, 10:13:55 AM
#11
How BCH works is that if no blocks are produced in some (6?) hours, then the difficulty gets reduced by 25%. So it can't die from lack of miners, though it may be very slow for a few days.

People are saying there's a DDoS attack happening on BCC with thousands of bad acting nodes spinning up on AWS in the

That's always their excuse...

Someone did spin up like 4000 AWS BCH nodes (or at least 4000 IPs -- maybe they're all pointing to a few nodes), possibly as a DoS attack against them, or possibly as a publicity stunt ("OMG look at this incredible BCH adoption!"). They're not listening on the correct port, so I don't think that it'd be an effective DoS; nodes won't normally connect to them.

There are problems with how BCH's P2P network works in general, as well.
legendary
Activity: 3038
Merit: 2162
August 01, 2017, 10:10:40 AM
#10
EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing is dead in the water. Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

Mining is a business, and right now redirecting your hash power to BCH is a loss, because the difficulty is huge while the reward is small. When BCH difficulty will drop, some hashpower/BCH_price equilibrium will be established. So, it doesn't mean that BCH is already dead, but still it's funny how miners, who were crying for big blocks, are refusing to switch to Bitmaincoin, because they have no confidence in its price. Hope it will be a lesson for everyone who didn't realize that Bitcoin's direction is decided by economic majority and not some pure hashrate.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
August 01, 2017, 10:08:57 AM
#9
It's obvious that block production in BitcoinCash will be slow since the hashrate is reduced, but if i'm right, they added code which reduce difficulty shorter than default (every 2 weeks or 2016 blocks).
BitcoinCash will either die because slow block production or bitcoincash price crashed after people dump it.

EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing is dead in the water. Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

I always knew this would get nowhere. This was another setup by Bitmain to short the bitcoin price, it's what they always do, just look at the recent flash crashes. Im sure Jihan and co had shorts set and made a lot of money on the suckers that dumped due FUD.

They also use ViaBTC to support experiments like Bitcoin Cash and see the kind of support they get.

What worries me is the segwit2x hardfork in november, if the NYC agreement happens, they will fork into scammy anti privacy software (google btc1 bloq)

Big blockers ALWAYS ruin the day.

Do you mind give the link to btc1 blog you mentioned since i couldn't find it?
mk4
legendary
Activity: 2870
Merit: 3873
📟 t3rminal.xyz
August 01, 2017, 10:10:13 AM
#9
I think a low hashpower (like 5%) is expected if the hardfork just happened like just very recently like a few hours ago. It's going to increase slowly, like it or not. The question is, how low or high can it go? Or most importantly, will it still be a viable cryptocurrency? It's just too early to answer.

^my neutral opinion
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
August 01, 2017, 10:08:07 AM
#8
EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing its fucking dead in the water.  There is absolutely no hope for this shit coin.

Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

Perfect  Smiley

I did expect this, but now I can be sure Smiley
newbie
Activity: 42
Merit: 0
August 01, 2017, 10:05:22 AM
#7
EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing its fucking dead in the water.  There is absolutely no hope for this shit coin.

Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

LOL one visit to this forum and you see the same typical bullshit shills on this board.

You Blockstream shills really need to check basic facts before mouthing off.

It's like you idiots don't even try to sound half legit anymore.

Just one simple visit to https://pool.viabtc.com/ shows that:

Just ViaBTC alone is using 2% of entire BTC hash power to mine BCC.
(ViaBTC is using half of it's BTC hash power to mine BCC)

Not even counting other pools yet.

BCC Pool
HashRate:127 P
Network HashRate: 6441 P
Active: 10022
Block Mined: 1
Coin Mined(BCC): 13

BTC Pool
Pool HashRate: 300 P
Network HashRate: 6448 P
Active: 24274
Block Mined: 3843
Coin Mined(BTC): 52343
legendary
Activity: 1904
Merit: 1074
August 01, 2017, 10:00:17 AM
#6
People are saying there's a DDoS attack happening on BCC with thousands of bad acting nodes spinning up on AWS in the

last hour. Can anyone acknowledge that this is the case? This is definitely not going to be a solution to stop BCC from gaining

momentum. If people want to use it, let them do that.... The market will decide what they want. No need for this.. if it is true.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
August 01, 2017, 09:59:54 AM
#5
EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing is dead in the water. Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

I always knew this would nowhere. This was another setup by Bitmain to short the bitcoin price, it's what they always do, just look at the recent flash crashes. Im sure Jihan and co had shorts set and made a lot of money on the suckers that dumped due FUD.

They also use ViaBTC to support experiments like Bitcoin Cash and see the kind of support they get.

What worries me is the segwit2x hardfork in november, if the NYC agreement happens, they will fork into scammy anti privacy software (google btc1 bloq)

Big blockers ALWAYS ruin the day.
This.
hero member
Activity: 700
Merit: 501
August 01, 2017, 09:57:50 AM
#4
EPIC FAIL!
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing is dead in the water. Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.

I always knew this would get nowhere. This was another setup by Bitmain to short the bitcoin price, it's what they always do, just look at the recent flash crashes. Im sure Jihan and co had shorts set and made a lot of money on the suckers that dumped due FUD.

They also use ViaBTC to support experiments like Bitcoin Cash and see the kind of support they get.

What worries me is the segwit2x hardfork in november, if the NYC agreement happens, they will fork into scammy anti privacy software (google btc1 bloq)

Big blockers ALWAYS ruin the day.
sr. member
Activity: 381
Merit: 250
August 01, 2017, 09:57:24 AM
#3
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