Topic: How Can Core Counter the Emergency Difficulty Adjustment of Bitcoin ABC? - page 2. (Read 1340 times)
August 07, 2017, 07:17:29 PM
At this point I am working under the assumption (and I hope I am wrong) that the 2 MB hard fork of the SegWit2X NYA will not happen and the Chinese mining cartel is not really upset because they are planning on using Bitcoin Cash to take over control of Bitcoin. I would be interested in hearing from those who think this poker game will end with Core the winner and why. There is a lot of money at stake here.
August 07, 2017, 06:44:30 PM
Are you saying that UASF will increase the difficulty of the confirmations?
If your logic is sound (no reason to believe it isn't) the only thing to prevent miners from switching is the actual transaction volume. If people aren't using Bitcoin Cash there's no money for a miner to make hinged to that blockchain waiting for transactions.
If your logic is sound (no reason to believe it isn't) the only thing to prevent miners from switching is the actual transaction volume. If people aren't using Bitcoin Cash there's no money for a miner to make hinged to that blockchain waiting for transactions.
August 07, 2017, 06:33:42 PM
After the hard fork on Aug 1, 2017 both Bitcoin and Bitcoin Cash had the same difficulty. Due to the EDA built in to the Bitcoin ABC client difficulty on the Bitcoin Cash chain quickly ramped down to 144323701657.02 or 17% of Bitcoin current difficulty. The value will be even less when Bitcoin difficulty adjusts up in a few days. Once difficulty on the Bitcoin Cash chain drops to less than 8% of Bitcoin difficulty miners will be incentivized to switch mining to the Bitcoin Cash chain. How can Bitcoin Core prevent miners from switching en masse to mining the Bitcoin Cash chain?
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