Topic: Fuck BitcoinCash - page 5. (Read 5056 times)

How about the future of bitcoin cash seems to be highly an unpredictable one. Now this has been considered as an  altcoin that got more popularity because of getting existence from bitcoin. A growth analysis has put forth a statement that it has got time till 15th August and based on the price moves during the same time period can predict the future growth.

Yeah and their evil plans will not succeed.
But those chinese assholes will not just sit instead they will do anything to make this all happen.

i think still people don not have such a good idea about bitcoin cash therefore we cannot give any comments on it. i think that with the passage of time every thing about  bitcoin cash will become clear and then people will decide that either they should accept it or go with bitcoin only.

Well BCC was already doomed before it even started. The community has spoken already before it even exist. I am not even surprised about their failure. I do not even care about a "shitty" scheme

My guess is some big entities are mining blocks just to get rid of their free bcc crap because lack of block movement makes it hard to trade that shit otherwise.

Bitcoin cash added a feature to adjust difficulty downward. Basically, if less than six blocks are found in 12 hours, the difficulty goes down by 20%.

But, a downward adjustment in difficulty has a lot of consequences for a miner. A miner will be able to find a block 20% faster and thus spend 20% less electricity. This means that mining a block on bitcoin cash becomes more attractive.

Block 478,571 took 13 hours to mine, so there were six difficulty adjustments downward. This resulted in the difficulty of bitcoin cash being roughly 26.2% that of bitcoin.

In this light, it is even possible that the amount of time it took to mine the 13-hour block was purposeful, meant to trigger adjustments and make bitcoin cash more attractive to mine.

Bitcoin is still more profitable to mine, though, as it is giving roughly 10x the reward (current ratio of bitcoin price to bitcoin cash price is roughly 10:1) for 4x the work.

If, however, there were another 12 hours of no blocks on the bitcoin cash chain, this would trigger another 6 difficulty adjustments downward. This would mean that the difficulty on bitcoin cash would be 6.87% that of Bitcoin.

The profitability calculation would suddenly change. Finding Bitcoin blocks would be 14.5x as hard as bitcoin cash and assuming the price ratio stayed at around 10:1, it would be more rational to mine bitcoin cash blocks instead.

An exodus of miners from one coin to the other may cause bitcoin cash's price to rise (hash power and price have correlated in coins in the past), making the problem worse.

https://www.coindesk.com/even-miners-hate-bitcoin-cash-might-want-mine/

It was only because deposits and withdrawals were blocked. There was a very limited number of coins on each exchange. It didn't have much in common with normal trading.

BCC is nothing special, but I think it won't disappear. It's a great speculative asset, just like many altcoins that don't offer any big advantages to their users. For instance dogecoin, it got big because people like the idea, not because it was revolutionary in any way. It won't take much effort to pump BCC and I'm quite sure someone will attempt it.

Ver must have made millions with this little scheme. I wouldn't be surprised if this coin ends up being a few bucks in the near future.

Bitcoin cash has dropped thirty three percent , to $290 a coin, over the past twenty four hours. These are early days for the coin and I think it will survive. I have seen cóns drop more than thirty percent only to recover.

I'm new to this whole cryptocurrency thing, what's the difference between Bitcoin and BitcoinCash?

The good thing is.... the more Bitcoin Hijack attempts, the sooner they fail, the sooner people start understanding you can't just hijack a cryptocurrency as community believes in its developers and its whitepaper, not just some greedy clowns like Roger Ver and Jihan Wu for instance.

Well, knowing a lot of the support for BCC that I've seen on this forum and around the community in other places, it's pretty apparent that that is exactly what they think they can do. BCC was being hailed by some as some kind of BTC killer by being more effective than BTC in the state it is now (and would have been then). But the market has shown that it really doesn't care and BCC is a failed attempt at extracting some power from the community. Now it doesn't really matter and we can see BCC flounder and then fail.

That was right I am also thinking that it would only be famous in crypto world in a couple or days maybe a week and it will just end up like any other alts.
This coin would never really replace the original or the Bitcoin.

Is the BCH chain difficulty completely readjusted or is there more readjustment to be done?

You read that wrong. The difficult of that chain is 26% of that of bitcoin. This does not mean the hash rate is 26% .. its more like 5%.
Thats why the block time in BCC is hours, not minutes.

A simple way to calculate hash rate ratio:

If 26% of hash power was in BCC then a block will be found in 10 mins. If a block is found every hour, then hash rate is actually 26/6 or about 4 %

To track the actual hash rate, we need an accurate measure of average block time in BCC, which will take few more days to estimate better.

Why on 14th? some readjustment for difficulty?

Maybe they want to mine the last one and leave that msg as a epitaph

I am sure that on the 14th of August the price of this coin will return to normal, many people are afraid of the issue, but it's just a game of people who have big capital, keep this coin and you will prosper

Yes bitcoin cash is predicted to not have a long time enthusiasts. Bitcoin cash is said to be an altcoin that only seeks sensation. Although the initial price had reached high once but now bitcoin cash is not more like altcoin being dumping. It could be that the decline will continue, so be it before it's too late and pray that what you do is the best way.  

Exactly whats the point in mining it anymore now. I had thought that BCH won't be successful but well I didn't expect it to lose in the game so soon. I don't see the BCH sustaining anything once everyone dumps their BCH.