BTC chain is losing hash rate fast - page 2.

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Quote from: nexus99 on August 22, 2017, 10:15:02 AM

Someone is fooling around with other coins. But btc is still the most reputable and prominent. Surely this change of heart isn't for forever and miners will come back

You need to check this:

https://blockchain.info/unconfirmed-transactions

Right now around 76K transactions are in the queue to be confirmed. And for the past 48-hours, this number has been increasing without any drop. And check this one as well:

https://bitcoinfees.21.co

The minimum fee required for instant confirmation has risen to 360 Sat/Byte.

hitlab

member

Activity: 88

Merit: 10

When the difficulty adjusts up on BCH, miners will come back to BTC. The fork has created a situation where we will keep seeing miners jump from one to the other.

BenRickert

full member

Activity: 420

Merit: 110

Quote from: nexus99 on August 22, 2017, 10:15:02 AM

Someone is fooling around with other coins. But btc is still the most reputable and prominent. Surely this change of heart isn't for forever and miners will come back

Yes, as soon as the BTC diff drops and the profitability comes back in line.

nexus99

legendary

Activity: 910

Merit: 1000

Someone is fooling around with other coins. But btc is still the most reputable and prominent. Surely this change of heart isn't for forever and miners will come back

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

The BCH exchange rate is rising once again. Anyway, I am happy. I am owning almost equal amounts of both BTC and BCH. If one of them goes down and the other goes up, then I don't care. But I will be overjoyed if both of them goes up.

Cult

full member

Activity: 479

Merit: 100

Enter the future of gaming

I don't think longest chain is important when it comes to altcoins, these are two different coins now, Bitcoin and China coin.

Quote from: RawDog on August 22, 2017, 09:52:52 AM

Quote from: AGD on August 22, 2017, 09:39:28 AM

Quote from: 25hashcoin on August 22, 2017, 08:50:32 AM

Quote from: AGD on August 22, 2017, 08:38:30 AM

Besides a little more security on the BCH chain because of the hashrate, there is nothing to worry about. The longest chain means nothing.

You fools keep repeating this lie.

Since this is not a 51% attack on the blockchain with the original Bitcoin consensus rules, the longest chain does not matter at all.

Moron. Keep drinking the Core Kool-aid like all your little uneducated friends who can only listen to the drum beat without ability to figure things out on their own. Watch that BTC price cave into the BCH price over the next 30 days.

Why do you think this will happen?

Have you sold all your bitcoins for chinacoins?

RawDog

legendary

Activity: 1596

Merit: 1026

Quote from: AGD on August 22, 2017, 09:39:28 AM

Quote from: 25hashcoin on August 22, 2017, 08:50:32 AM

Quote from: AGD on August 22, 2017, 08:38:30 AM

Besides a little more security on the BCH chain because of the hashrate, there is nothing to worry about. The longest chain means nothing.

You fools keep repeating this lie.

Since this is not a 51% attack on the blockchain with the original Bitcoin consensus rules, the longest chain does not matter at all.

Moron. Keep drinking the Core Kool-aid like all your little uneducated friends who can only listen to the drum beat without ability to figure things out on their own. Watch that BTC price cave into the BCH price over the next 30 days.

AGD

legendary

Activity: 2069

Merit: 1164

Keeper of the Private Key

Quote from: 25hashcoin on August 22, 2017, 08:50:32 AM

Quote from: AGD on August 22, 2017, 08:38:30 AM

Besides a little more security on the BCH chain because of the hashrate, there is nothing to worry about. The longest chain means nothing.

You fools keep repeating this lie.

Since this is not a 51% attack on the blockchain with the original Bitcoin consensus rules, the longest chain does not matter at all.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: RawDog on August 22, 2017, 08:20:58 AM

Only 100 blocks remain before BCH is a longer chain than BTC!!! That is crazy amount of hash power moving away from the Bitcoin Core chain. Are you worried about this?

yeah i am very worried about this.
bitcoin is dead, last bitcoin block was #481,611
meanwhile last Litecoin block was #1,262,901
and it doesn't stop there, last Dogecoin block was #1,852,715
last Reddcoin block was also #1,859,193

bitcoin is the smallest coin ever because other chains are longer. very good way to measure things. we are in a dick measuring contest right? Grin

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: RawDog on August 22, 2017, 04:34:37 AM

In about 8.6 hours from right now, the Bitcoin Core chain will no longer be the longest. Massive hash power is moving to the BCC chain. fork.lol

What does this mean for Bitcoin Core?

It means miners are speculating with a shitcoin trying to make more money, but they will be back to the real BTC chain.

In any case, even if they don't, it doesn't matter, contrary to popular belief, we are overprotected, we don't even need all that hashrate. I mean it's nice to have megagigaterapetahashes or whatever, but we have enough protection for anyone to even attempt any attack.

So if they want to put their hashrate into some shitcoin, then good looking for them, see how that plays out in the long term.

Cult

full member

Activity: 479

Merit: 100

Enter the future of gaming

Miners will move to whatever is more profitable to them, BCH still China coin with very little usage and very few nodes, also most active development and most experient developers are in Bitcoin Core.

Plus, there's another fork on the horizon and they are going to fork Bitcoin not Bitcoin Cash.

25hashcoin

hero member

Activity: 574

Merit: 500

Quote from: AGD on August 22, 2017, 08:38:30 AM

Besides a little more security on the BCH chain because of the hashrate, there is nothing to worry about. The longest chain means nothing.

You fools keep repeating this lie.

warrior333

sr. member

Activity: 406

Merit: 253

The miners have equipment that allows them if you need to switch to mining other coins. What will users do? Therefore in our life there are no trifles, and when men rejoice that there are plugs I was not happy.

AGD

legendary

Activity: 2069

Merit: 1164

Keeper of the Private Key

Besides a little more security on the BCH chain because of the hashrate, there is nothing to worry about. The longest chain means nothing.

grermezter

sr. member

Activity: 434

Merit: 250

Quote from: RawDog on August 22, 2017, 08:20:58 AM

Only 100 blocks remain before BCH is a longer chain than BTC!!! That is crazy amount of hash power moving away from the Bitcoin Core chain. Are you worried about this?

I heard rumors that the Antpool has dedicates some its resources into mining bitcoin cash now, Considering that the coin is in its infancy stages and that means its very profitable to mine may be the reason why lots of miners have started to mine this Alt Coin.

RawDog

legendary

Activity: 1596

Merit: 1026

Only 100 blocks remain before BCH is a longer chain than BTC!!! That is crazy amount of hash power moving away from the Bitcoin Core chain. Are you worried about this?

RawDog

legendary

Activity: 1596

Merit: 1026

In about 8.6 hours from right now, the Bitcoin Core chain will no longer be the longest. Massive hash power is moving to the BCC chain. fork.lol

What does this mean for Bitcoin Core?

Topic: BTC chain is losing hash rate fast - page 2. (Read 1018 times)