Topic: BTC chain is losing hash rate fast (Read 1067 times)

some people seem to forget that the topics they create on a forum stays there forever and will act like a big stupidity declaration on their forehead forever.
the name KuakDuck is well known to everyone, we add Rawdog to the list today also.

No big deal, miners ll be bouncing between chains and keep adding more and more hash to their farms. All this current situation means is their current hardware became a bit more profitable and more money ll get into crypto. I do not see this as a negative event, dont think it can actually affect BTC confirmation speed.

The boys are back in town:
https://blockchain.info/de/charts/hash-rate

481870   BTC.com   3 hours 11 minutes ago      206.4 kB


I wonder where all that hashrate went? harhar.

Time to deconstruct the incorrect information which the majority of people on this thread are giving.
Miners have to convert to fiat from Bitcoin to pay their electricity costs and other expenses.  Sure, they hold some, but it's important to sell a significant amount.  That doesn't crash the price and with BCH/BTC trading volume it's not particularly important.
BCH mining is currently significantly more profitable than BTC mining.  We'll find out how this changes after the next difficulty adjustment.
BCH and BTC blocks are aimed to be mined at the same rate (ten minutes).  While BCH blocks are being mined faster for now (as it's more profitable), this does not necessarily continue, and it's unlikely that it will be significant in a few weeks' time.  The BTC network is congested, which makes it Bittrex's responsibility to set an appropriate fee and get your transaction confirmed faster.  The hash rate on the BTC chain versus BCH chain is not what's stopping your transaction from being confirmed.
For SegWit to be activated, 95% of the blocks in a difficulty period (1916 out of 2016 blocks, this is approximately two weeks) have to signal for BIP 141.  This has happened.  After that happens, there is another 2016-block difficulty period as a "grace period" of sorts for old clients to upgrade, then SegWit activates.  

To be precise, SegWit will be activated at the end of this difficulty period (as of this post, 203 blocks from now).
In this scenario, he is objectively correct as the "longest chain" would only be caused by a sudden increase in hashrate on the BCH chain and not by more hashrate being on the BCH chain overall.  The longest chain in this situation doesn't say anything about which chain has more support.

If you can provide an argument opposing this without ad hominems, I'm listening.

Can't blame the miners though, they'll just do what is most profitable, they're balls deep with tons of money, anything extra they can scrape is more than welcomed, it's pretty natural.

So you have nothing more to say than a speculation about the price and you keep insulting people that are saying something against your opinion?
This is so poor, RawDog, but I never expected any education from you.

Yea, until everyone dumped ALL their free BCH on the ignorant "soon2be BCH bag holders". They will increase their spam

attacks and decrease their mining hash power until they get their way. The miners have now found a way to attack BTC and

at the same time, found a way to increase their "miners fee" earnings. You have to give them credit... they will do anything

for some extra profits. {even if they kill the cow that gives the milk} 

Yes it's money, money that you can only get if you dump this shit coin for bitcoins, otherwise it's just wasted hash power. It's just a bitcoin diff bypass, nothing else.

Well, thank you for letting us know about it. I'm wondering why it takes more time than the schedule, why segwit not activated yet? so this is because more hash rate moved to bch due to mine bch more profitable than btc? Lol, they just want to get more profits I guess, but it won't be delayed for so long and segwit be activated and more hashrate will return to bitcoin.

With money.  BCH mining is more profitable that BTC mining now.  Why do you think so much hash rate moved over so fast?  It is the money.  Big Money.

BCC is just another pump and dump coin, free money from the uninitiated traders. BCC barely has any mainstream adoption, has 0 innovation, basically came to life yesterday, apart from larger block size they haven't solved any blockchain issues. How do you think BCC miners will pay their operational expenses?

Just the way you like it huh cumbelcher.

You're a punk ass little bitch. The world has plenty of obnoxious worthless  assholes like you that bring nothing to the game. Do the world a favor and blow your worthless fucking brains out. Do your parents as well, because you were clearly raised by a couple of retards.

No, not at all because BU noobs like you dont understand what economic value contains.

Bitmain and his mining cartel are the only one who's mining BCash China coin.

yeah right, 12.5 bitcoin cash per block?  Have you seen the trading volume?  It is fucking HUGE compared to 12.5/ block.  Miners aren't going to crash anything.  


Just more and more of getting fucked by the man!!!



Just 5 more blocks and BCH passes BTC!!!!

These are just games being played by miners and big holders of BCH and BTC. They pump one and dump the other and come back to dump the other and pump the first, thus making lot of profits and making common man loss a lot of money in this pump dump game. the reason is we never know what is their current target and when they will back out of one in favor of the other.

Took long enough to get your attention.  Some people are a bit slower than others.  Soon, everyone will figure it out. 

What do you think those miners will do once they start poping BCC blocks? Hold them like bitcoins? They'll just dump it all for bitcoins crash the price and come back to business as usual.

I have a pending BTC transfer from Bittrex to Coinbase that is now 3 hours old and still not verified. This leaves a fairly large window of risk where I am not able to liquidate the BTC. 3 hours is a long time in BTC price world. This is 2.5 times longer than my previous longest. The fee was quite substantial as well. Definitely got my attention.