Will Bitcoin (BTC) be killed by BCC soon? - page 3.

btcjocan

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Quote from: Oo ako to on August 23, 2017, 01:30:46 AM

No. Bitcoin will always be there and BCC is just copycat trying to pretend they can replace it's origin. The BCC is just temporary and basically they are just hyping it so they can sell their "free" bcc after the split event with a higher price.

I agree BCC is just a temporary currency now and I think those frustrated investors wast making fun to ruin the system of bitcoin had for a past long years. That's actually hyping in order to divert people's mind over it, and also wonder why still there were people whose in doubt against bitcoin for now despite of what we've actually noticed of it's current price in the market. So to say a final conclusion about that, BTC will be as stronger as it is from the previous and it will remain firm of it's foundation.

exstasie

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Quote from: krishnapramod on August 23, 2017, 01:15:42 AM

I guess miners are making a good profit switching from one chain to another. Theoretically the chain death spiral seems possible, but practically I don't see it happening, not anytime soon or in future. For something like that to become possible, Bitcoin Cash should have a value more than that of Bitcoin, short-term pumping alone doesn't give a coin any substantial value, maybe temporary and then the crash.

The drop in Bitcoin's hash rate hasn't recovered. I don't think it was "miners" (unknown, plural) switching to Bitcoin Cash. I think it was Bitmain. That's why the hash rate isn't recovering now that Bitcoin is more profitable to mine. Bitmain isn't moving its BCH hash rate back to Bitcoin.

That's the piece that's missing from some folks' analysis here. Bitmain has very deep pockets. They were willing to mine BCH out of the gate when it was unprofitable; they'll do it again now. I wonder how long they could prop the market and continue this cycle, though.

poetra2501

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Quote from: ramsdaj28 on August 22, 2017, 05:05:16 AM

Quote from: TheWolf666 on August 21, 2017, 04:06:03 PM

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

Huh

Interesting topic. I don't think that BCC will overtake BTC in terms of value. We all know that BTC is the father of all cryptocurrency. I just don't see the future wherein people are relying more on BCC than BTC. I mean, it's just weird that people have their eyes most of the time on BCC than on BTC. It's not really realistic for me.

Of course, BCC cannot overtake BTC in terms of value, but I think BTC cannot kill BCC too.
BCC is altcoin which if there having biggest community or big minner will mine it then
BCC will become greater altcoin in the cryptocurrency world.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

I see a future scenario where these pools will move between BCC and BTC depending on the difficulty and the transaction volume. We might see a build-up in the BTC MemPool and the miners will shift back to clean that up and to sweep the fees. They will follow the money and for them it is all about profitability.

If you owned these mining farms, you would also move to the coin that are more profitable to mine. Would you not?

Oo ako to

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No. Bitcoin will always be there and BCC is just copycat trying to pretend they can replace it's origin. The BCC is just temporary and basically they are just hyping it so they can sell their "free" bcc after the split event with a higher price.

krishnapramod

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Quote from: Sevvero on August 21, 2017, 05:38:02 PM

Quote from: BitcoinExpart on August 21, 2017, 05:32:14 PM

This is fully bullshit talking ever! Bitcoin world's first decentrilized digital accet, a big market cap. After the fork I usually have been heard something like this, but no strong point behind it.

How is it bullshit? Check the math and you will see this is very real and taking place like...right now.

Quote

Times without number this issue has been discussed and the final conclusion, has been that there is no way its going to happen, either because of price or mining difficulty or even the speed of transaction because by the time the impending hard fork will be happening then all the attention BCC is getting will be divided while bitcoin will remain strong.

Black Swans happen exactly when you anticipate them the least you know.

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Do not fear those miners will come back mining bitcoin when they have had enough profit from mining bitcoincash. Bitcoincash will probably not kill bitcoin soon since many people still use it despite having bitcoincash.

Cope.

It is currently 75.6% more profitable to mine on the Bitcoin Cash blockchain.

It is currently 136.2% more profitable to mine on the original chain.

There is a possibility of chain death spiral/black swan event if and only if more than 90% of miners switch and difficulty reset doesn't happen. Now logically miners are profit driven.

1. Majority of miners would switch if and only if Bitcoin Cash block reward is more than Bitcoin block reward. Currently, $4111/$669, 6/1.

2. If not block reward then Bitcoin Cash difficulty should be 6x lower than that of Bitcoin to be profitable to mine.

3. A good number of miners mining on Bitcoin Cash would rapidly increase the difficulty. This just happened. Bitcoin is more profitable to mine now, logically miners switched.

I guess miners are making a good profit switching from one chain to another. Theoretically the chain death spiral seems possible, but practically I don't see it happening, not anytime soon or in future. For something like that to become possible, Bitcoin Cash should have a value more than that of Bitcoin, short-term pumping alone doesn't give a coin any substantial value, maybe temporary and then the crash.

ipanks

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i don't think so that every miners will leave to mining bcc than btc because i think there will be many miner is staying for mining btc and they can make huge profit because another miner is leave the pool. but i wonder how much the difficulty and the reward for getting 1 block of bcc? is it the same as btc reward? but i think its the miner choice for what they want to mining because its depend with the hardware that they use and i think if they have big hashrate then i am sure that they will stay with btc.

MyIdeas

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Quote from: TheWolf666 on August 22, 2017, 01:10:46 AM

Quote from: paijobtcx on August 22, 2017, 01:03:23 AM

what do you mean about kill BCC?
BCC just shit coin i dont knwo why many people strongly believe in this coin. Mine is very difficult, I'm sure without being killed one day will die BCC Roll Eyes

from Antpool twitter today:
"AntPool has already launched BCC mining pool for miners.
We will launch a smart BTC mining service that switch from BTC to BCC automatic."

AntPool is the biggest miner for Bitcoin.

[https://twitter.com/AntPoolBITMAIN/status/899543208106926080](https://twitter.com/AntPoolBITMAIN/status/899543208106926080)

BTC can stop working if the miners are moving to BCC for profitability. Which is happening right now.
BTC will not disappear but it will become unusable and technically dead.

Do you think that all the miners will leave BTC and do you really think that people won’t take it as chance and we will have new miners for BTC? If in Microsoft, somebody leaves for Apple, I am sure thousands are ready to take that one seat. Let them go and old ones will be replaced with new ones. BCC cannot even defeat BTC in its dreams.

ramsdaj28

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Activity: 420

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اللعنة

Quote from: TheWolf666 on August 21, 2017, 04:06:03 PM

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

Huh

Interesting topic. I don't think that BCC will overtake BTC in terms of value. We all know that BTC is the father of all cryptocurrency. I just don't see the future wherein people are relying more on BCC than BTC. I mean, it's just weird that people have their eyes most of the time on BCC than on BTC. It's not really realistic for me.

Cryptocoinsmania.com

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Quote from: BADecker on August 21, 2017, 04:54:19 PM

What's the difference between BCC and BCH? Cool

There is no difference. It's naming/tickers only.

25hashcoin

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Is it beginning to unfold? CASH truly is King I suppose.

FlightyPouch

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Quote from: Jaya912 on August 22, 2017, 01:54:06 AM

in my opinion,, btc can't be killed,, if more bch miner get their bch, thats mean more bch in the market that can make price of bch decrease.
btc is main crypto.

I don't get what you are saying, though the more the miner get their profit, they will still be doing what makes them earn more, the same as the developer of Bitcoin Cash, as said earlier, they make mining easier so they can earn nore not only in mining but in their franchise, 2 hits in one stone.

RoommateAgreement

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Bazinga!

Quote from: freebutcaged on August 22, 2017, 02:43:06 AM

Of course they will lower their difficulty because they own the chain and they're the only ones controlling it no one else. they want us to mine it?

of course they want us to mine it, what else did you think?!!
in order to mine bitcoin you have to buy an ASIC, an who do you think sells ASIC miners? lol
the same people who created bitcoin cash. and the difficutly won't last like this, it will shoot up soon and the price will get dumped hard too.

Quote

Are pushing their luck. the only thing they want is for us to invest and start trading their coin as the main coin in crypto but that's not going to happen.

as far as trading goes, people are going to trade ANYTHING, doesn't matter what it is called it can be bitcoin cash or it can be shitcoin, they will trade the pump and dumps and take the profit in bitcoin in the end.

YesLOST

newbie

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All the shit talking. Bitcoin Cash is a fucking scam altcoin. It has NO innovation whatsoever (yeah yeah big block and asic cheat). And after that? It has nothing. True, the Chinese really organized a real nice scam here. BCC is altcoin and Bitcoin is Bitcoin. It's if you say Zimbabwe Dollar will takeover/threaten US Dollar. After a year you can buy bitcoin cash for max $10 per coin. Don't say you haven't been warned.

freebutcaged

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Of course they will lower their difficulty because they own the chain and they're the only ones controlling it no one else. they want us to mine it?

OK fine we'll mine and then sell it nothing more should be expected from us. whatever we do it'll be called BCH and not BTC, I don't know why they

Are pushing their luck. the only thing they want is for us to invest and start trading their coin as the main coin in crypto but that's not going to happen.

illyiller

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Quote from: Herbert2020 on August 22, 2017, 02:24:37 AM

bitcoin price may drop but that will be temporarily.
and since the hashrate for bitcoin has not changed i don't thing anything else about mining "bitcoin" will change though.

Hash rate seems to be falling in the short term: https://bitcoinwisdom.com/bitcoin/difficulty
But we need more time to see if a significant drop is developing. For now, average block generation time is 10.1 minutes/block.

If Bitcoin Cash has a higher hash rate than Bitcoin, does that make a difference for you? It sounds like it does. I suspect the same is true for many bitcoiners, which means we have some very interesting times ahead of us. Bitmain controls a lot of hash power, and they're the ones backing this hard fork.

audaciousbeing

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Quote from: Herbert2020 on August 22, 2017, 02:24:37 AM

the keyword that OP failed to mention in all his ramblings is temporary
the difficulty is lowered temporarily.
the blocks are being mined faster temporarily.
bitcoin cash is more profitable to mine because of the above 2, temporarily.
the price is higher and pumped temporarily.
the drama that it has caused will last for a short time (temporarily.)

bitcoin price may drop but that will be temporarily.
and since the hashrate for bitcoin has not changed i don't thing anything else about mining "bitcoin" will change though.

I agree with you on this and that is where a lot of people will get it wrong and the moment you want to create a coin, just go ahead with it without shinning on the glory of an already established job and that is exactly the situation with all this forks being promoted by group of developers and miners alike. I hope all this temporary issues can just go off at one so we focus on what matter.

Pleione527

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I don't think so because as of now BCC market are not that popular and the demand is really not high. Bitcoin also has establish it's market place and as long as people will look for bitcoin and the demand and supply of bitcoin is growing I think no particular cryptocurrency will killed bitcoin.

Herbert2020

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the keyword that OP failed to mention in all his ramblings is temporary
the difficulty is lowered temporarily.
the blocks are being mined faster temporarily.
bitcoin cash is more profitable to mine because of the above 2, temporarily.
the price is higher and pumped temporarily.
the drama that it has caused will last for a short time (temporarily.)

bitcoin price may drop but that will be temporarily.
and since the hashrate for bitcoin has not changed i don't thing anything else about mining "bitcoin" will change though.

Bigmacduck

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It is not that one coin kills the other.

If more users see their requirements better represented by another coin then they will change. If a user sees better profitability switching or rebalancing from GOOGL to AAPL stocks then they decide on their own, not the Google or Apple company or the exchange broker. Very same with switching from BTC to BCH or vice versa.

After all: it's the user that decides which coin survives, not the miner.

The miners can make it hard for the users and vice versa, but the user will win at the end - always.

Topic: Will Bitcoin (BTC) be killed by BCC soon? - page 3. (Read 3332 times)