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Topic: ELI5 about Bitcoin XT - page 2. (Read 2152 times)

hero member
Activity: 784
Merit: 501
August 15, 2015, 04:10:50 PM
#6
different mining reward?

Yes. At some point a miner will mine 1mb+ block, the chains will be different. Because, at that point, the 1mb+ block will have different mining reward for the miner, which 1mb chain will not accept. From then on the amount of bitcoin held by different addresses will be different accrding the two chain.
hero member
Activity: 1274
Merit: 500
August 15, 2015, 04:03:11 PM
#5
Best EL15 I've seen yet. Good post.
hero member
Activity: 857
Merit: 1000
Anger is a gift.
August 15, 2015, 04:01:46 PM
#4
At least the mods did not take that post down. Someone else tried to explain it and their comment was gone within 10 minutes.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
August 15, 2015, 03:26:01 PM
#3
different mining reward?

No. Just the blocksize increased to 8 mb.
hero member
Activity: 679
Merit: 500
August 15, 2015, 03:24:43 PM
#2
different mining reward?
legendary
Activity: 1372
Merit: 1000
--------------->¿?
August 15, 2015, 03:22:10 PM
#1
https://www.reddit.com/r/Bitcoin/comments/3h424p/why_is_bitcoin_forking/cu43w4a

Quote
Running XT at this time is equivalent with running Core. It's the same network, and the same Bitcoins. At some point in the future, if 75% mining majority is reached (but not before January 2016), the network will split whenever a miner creates a block larger than 1MB. This will not be accepted by Core unless they adopt a large blocks patch, but will be accepted by XT, and at this point there will effectively be two chains.
Running XT means that you will always be on the largest (75%+) chain, regardless of whether the fork actually happens or not. Running Core means that you will be left behind if a 75% majority is reached. Regardless of which version you run, coins will be safe (on both chains) as long as you acquired them prior to the fork, and for some time the chains will largely mirror each other, but eventually they will diverge due to different coinbases (mining rewards).

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