why are blocks so slow at the moment?

batang_bitcoin

hero member

Activity: 2996

Merit: 600

Eloncoin.org - Mars, here we come!

Quote from: Peke on October 26, 2017, 07:36:29 PM

21% increase in difficulty today, so many miners moved to shitcoin cash mining.

I see so this is the reason why some of my transactions are already stuck for hours.

Quote from: RGBKey on October 26, 2017, 07:53:46 PM

The problem with BCH is that for some reason, people still think it's worth something. As long as idiots are still buying it, it will still be worth something, and the miners will jump ship when Bitcoin difficulty changes. It's no big deal, it will shift back soon(tm)

Yeah definitely you're right it has value and worth for the miners now because there are people that are keep on buying it because they can still see some good profit with it but I have some feeling that it will be fine soon.

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: aar on October 26, 2017, 08:15:44 PM

Quote from: Peke on October 26, 2017, 07:48:33 PM

Difficulty adjustment with BTC is based on hashrate (block generation time) over last 2016 blocks (around 2 weeks). I'm sure we'll be back to normal when BCH adjusts its difficulty up in a day or two.

wow, 2016 blocks is quite a lag then for any updates?

Yes. It helps to make sure it adjusts to the correct difficulty (if you did it over 5 blocks, the 5 blocks could take a lot longer or shorter than normal by chance).

Forks, through no fault of their own, can really harm the Nash equilibrium in BTC. As soon as they're more profitable to mine, miners have the incentive to switch to them, which could potentially decrease BTC's security by drastically decreasing the hashrate.

So far nothing dangerous has happened, but hypothetically it could be really serious.

Frank0209

sr. member

Activity: 322

Merit: 250

I think the main reason is Bitcoin mining difficulty is increasing so miners changed to mine other altcoin and wait till the diff decrease. Beside I think the upcoming hard fork also affect to this case a little bit. If you want your transaction confirmed faster at this time I think you should increase the amount you pay for transaction fee.

aesma

hero member

Activity: 2380

Merit: 916

fly or die

It wasn't a problem until someone decided to fork BTC and used different rules for difficulty.

If BTC changes its rules to adapt, then the forked coin will change again, or someone else will do another fork. Wait, this has already happened !

aar

member

Activity: 67

Merit: 16

Quote from: Peke on October 26, 2017, 07:48:33 PM

Difficulty adjustment with BTC is based on hashrate (block generation time) over last 2016 blocks (around 2 weeks). I'm sure we'll be back to normal when BCH adjusts its difficulty up in a day or two.

wow, 2016 blocks is quite a lag then for any updates?

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: layoutph on October 26, 2017, 07:59:59 PM

So many transaction now against people, whales and bots. This happened always during the major dumps and pump stages of BTC. People are placing lots of sell and buy orders.

Quote from: aar on October 26, 2017, 07:29:13 PM

5 in last 3 hours, this feels slow?

not really man this is BS..
real problem is EDA on BCH they mine 50 bloks a hour again for few days.
https://fork.lol/blocks/time

allwys when block time for BTC spikes up 1st thing you need check is EDA on BCH.
EDA costs investors but since price is not taking they don't care about inflation at all.

layoutph

sr. member

Activity: 1386

Merit: 255

So many transaction now against people, whales and bots. This happened always during the major dumps and pump stages of BTC. People are placing lots of sell and buy orders.

Quote from: aar on October 26, 2017, 07:29:13 PM

5 in last 3 hours, this feels slow?

RGBKey

hero member

Activity: 854

Merit: 658

rgbkey.github.io/pgp.txt

The problem with BCH is that for some reason, people still think it's worth something. As long as idiots are still buying it, it will still be worth something, and the miners will jump ship when Bitcoin difficulty changes. It's no big deal, it will shift back soon(tm)

Peke

member

Activity: 117

Merit: 14

Difficulty adjustment with BTC is based on hashrate (block generation time) over last 2016 blocks (around 2 weeks). I'm sure we'll be back to normal when BCH adjusts its difficulty up in a day or two.

aar

member

Activity: 67

Merit: 16

Quote from: Peke on October 26, 2017, 07:36:29 PM

21% increase in difficulty today, so many miners moved to shitcoin cash mining.

why such a jump in 1 day? did I miss something? How often does difficulty "update" / try to get back to 6 blocks/hour?

Peke

member

Activity: 117

Merit: 14

21% increase in difficulty today, so many miners moved to shitcoin cash mining.

aar

member

Activity: 67

Merit: 16

5 in last 3 hours, this feels slow?

Topic: why are blocks so slow at the moment? (Read 243 times)