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Topic: Litecoin SegWit is Locked In - page 7. (Read 8689 times)

legendary
Activity: 1568
Merit: 1001
April 17, 2017, 06:31:02 PM
#5
Still a long way to go, 10 days or 2 weeks depending on the hashrate. Anything can go wrong at any second. It peaked at 0.0019 satoshis today, and now, 0.0098 satoshis, im glad that I didn't buy, maybe we can buy back cheaper.
Your numbers are a little off: it peaked at .0107 and sits at .00985. Things are just getting started, much higher numbers coming.
legendary
Activity: 1610
Merit: 1183
April 17, 2017, 06:15:30 PM
#4
Still a long way to go, 10 days or 2 weeks depending on the hashrate. Anything can go wrong at any second. It peaked at 0.0019 satoshis today, and now, 0.0098 satoshis, im glad that I didn't buy, maybe we can buy back cheaper.
newbie
Activity: 37
Merit: 0
April 17, 2017, 05:46:42 PM
#3
So if it spends 24 hours at 68% what are the implications ?
Seems like walking on egg shells at the moment.
The potential of what activation could mean if only people would wake up !
Happy to ditch BTC any day for some forward progress.
hero member
Activity: 728
Merit: 500
April 17, 2017, 08:45:22 AM
#2
i only know 2 sites that are reporting progress on litecoin SegWit:
http://litecoinblockhalf.com/segwit.php
http://www.segwit.co/ltc
and neither one of these are showing any date and time until the activation. and all the information i read online from users are all over the place, everyone is saying a different time!

this is what i understand from how things work, correct me if i am wrong so that this topic may work as a reference if someone had any questions or doubts about it like me:
  • The activation period consist of 8064 blocks.
  • during this time there should at least be more than 75% of the blocks (6048 blocks) signalling SegWit so that it can be "locked-in".
  • there has been 5 completed periods with none of them reaching this threshold.
  • now we are in 6th period. 1605 blocks are mined and 6459 more is remaining.
  • according to the second site: "SegWit will activate on the network during the next period"
  • time between litecoin blocks is 2.4 minutes[1] which means it will take 258 hours or 10.76 days till the end of this period.
  • the hashrate supporting SegWit needs to stay above the threshold for the whole duration.

https://bitcoinwisdom.com/litecoin/difficulty

Close in most details. The design time for litecoin is 2.5 minutes per block on average. The threshold of 75 percent can temporarily be below 75 percent during the duration of the activation period. What's important is that it averages out to be 75 or above during the activation period.

Because of variance no one knows the exact moment segwit will lock in. We can with reasonable certainty pick a time +/- 12 hours for lock in. If during the time period we reach 6048 blocks signaling it's a given that segwit will lock in at the end of the activation period (so for practical purposes it's locked).
hero member
Activity: 1470
Merit: 655
April 17, 2017, 08:03:35 AM
#1
Edit: 22 April
I changed the title to TBD since the percentage dropped and has not gone up yet. feel free to discuss what you think of new things you hear about pools signalling here.


i only know 2 sites that are reporting progress on litecoin SegWit:
http://litecoinblockhalf.com/segwit.php
http://www.segwit.co/ltc
and neither one of these are showing any date and time until the activation. and all the information i read online from users are all over the place, everyone is saying a different time!

this is what i understand from how things work, correct me if i am wrong so that this topic may work as a reference if someone had any questions or doubts about it like me:
  • The activation period consist of 8064 blocks.
  • during this time there should at least be more than 75% of the blocks (6048 blocks) signalling SegWit so that it can be "locked-in".
  • there has been 5 completed periods with none of them reaching this threshold.
  • now we are in 6th period. 1605 blocks are mined and 6459 more is remaining.
  • according to the second site: "SegWit will activate on the network during the next period"
  • time between litecoin blocks is 2.4 minutes[1] which means it will take 258 hours or 10.76 days till the end of this period.
  • the hashrate supporting SegWit needs to stay above the threshold for the whole duration.

https://bitcoinwisdom.com/litecoin/difficulty
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