BCH difficulty is projected to quadruple in the next 7 hours. It is currently mining over 40 blocks per hours and has demolished the 2016 block targeting time in just 72 hours. Once difficulty jumps to ~28% of Bitcoin, it will have to be above ~0.28 BTC in price in order to maintain profit parity. If it doesn't manage to do this by the time difficulty changes or shortly after, miners will leave, leaving the chain to stall again like it did previously. This will of course cause a snowball effect similar to what we saw before - either a yo-yo in price where miners will move back and forth as the coin is pumped due to artificial scarcity from lack of blocks, or an outright crash of BCH if miners move off and the chain is unable to mine anything. Once miners move, there's a big danger of mining blocks too slowly but not slow enough to trigger the emergency adjustment (like we saw initially with BCH, but this time it will be worse because difficulty is LOWER now but not nearly low enough to hit the next adjustment in a reasonable time period).
If you have BCH, you may want to move it to exchanges just in case (assuming you're trading it), because you will have a hard time finding blocks after the adjustment if the price doesn't increase.
tl;dr BCH will either make it or break later today.
Good luck and "Screencap this".
Adam Bailey
>and the chain is unable to mine anything. What is EDA?
Nicholas Martin
Congratulations, you are retarded and can't read.
Xavier Edwards
If the chain drops back to 7% hashpower like it had at the last adjustment, it would be mining at ~1.5 blocks per hour and would take 2 months to adjust again normally, once again making BCH useless for the time being except for future speculation.
Wyatt Myers
8MB Blocksize BCH actually consistently mining
Josiah Cruz
EDA? Yes or No?
Nathaniel Harris
I'll be sitting in BCC for the next 7 hours then for hopefully an epic pump
Austin Mitchell
the chinks will keep mining it. your theory that once the diff increases everyone will go running back to segwit is going to be BIGLY wrong.
Your coin is dying man. You better get out now while you still can.
Colton King
Literally no one questions why miners all decided to suddenly start signaling for Segwit on Aug 1st., we are supposed to believe a bunch of camo hats and hashtags won all the miners over? It's the crypto equivalent of #bringbackourgirls the UASF movement meant jack shit.
Luis Sullivan
Good joke.
BCH had 7% of the hashpower until the difficulty adjusted to 7%, only then did miners jump on because it was massively overvalued compared to its difficulty. If you think that means anything other than that 40% of miners only care about money and don't give a damn about the coins themselves, you might be delusional.
Nathan Edwards
Thanks just got 100k
Kevin Bennett
But now they have coins, welll they get them after 100 blocks so some of them might mine a bit more to get the coins and make sure they are worth something... if they all leave its eda
Joshua Morales
Also, difficulty retargeting has a cap of +300%. Without the cap, we'd be seeing an increase of ~+650% (~45 blocks per hour divided by 6 minus).
Xavier Perez
it's not just that. all the exchanges are listing it. btc.com is in the process of making an ios wallet.
the writing is on the wall.
Joshua Rivera
*by 6 * 100 - 100% to get the "true" adjustment without the cap
They won't all leave. We had 7% of the BTC hashpower mining at a LOSS. THOSE are the "REAL" BCH supporters who are willing to take a loss to try and secure the BCH chain. If only they stay, they will end up with ~1.5 blocks an hour. BCH would need to maintain more than HALF of the people mining NOW to keep the chain mining 6+ blocks an hour.
Their only incentive is MONEY. They don't care about the tech.
Isaac King
If that was true they would have switched almost immediately or at least preparing to do so.
Carson Walker
Yes. I'm predicting that once profitability tanks post difficulty retarget today, either the price should at least hit parity by the end of the night, or the miners will leave.
Angel Davis
>They won't all leave. We had 7% of the BTC hashpower mining at a LOSS. THOSE are the "REAL" BCH supporters who are willing to take a loss to try and secure the BCH chain. If only they stay, they will end up with ~1.5 blocks an hour. BCH would need to maintain more than HALF of the people mining NOW to keep the chain mining 6+ blocks an hour. Litterally this. BCC's chain is secured no matter what.
Jaxson Hughes
Hey man -
Did you buy back into Ark?
Isaiah Murphy
>THOSE are the "REAL" BCH supporters who are willing to take a loss to try and secure the BCH chain. If only they stay, they will end up with ~1.5 blocks an hour.
Logic error. If only they stay they are going to coordinate to launch EDA.
Ayden Parker
I meant when BCC first became over 50% more profitable. Nobody really switched untill 100% profit (I'm betting so they had room to secure for a short term loss near future)
Luis Rogers
Suggesting that BCH supporters would purposely exploit retargeting methods doesn't bode well for its future, even if the intent is good.
No, but I"m working on getting a bounty that will put me back on the ark shuttle.
Dominic Reyes
Regardless, it just proves that BCH only has 7% "real" support and BTC has up to 55% "real" support (because they haven't moved despite BCH being more profitable in the last few days).
It's clear BTC has more miner support regardless of price (or are at least forced to support it due to NYA).
Cameron Allen
You know that if miners were mining for profit 100% would jump, freezing the other chain?
They wouldn't 'exploit' EDA, that's what it's meant for. Few miners temporarily mining at loss for a long-term benefit.
Blake Taylor
>Regardless, it just proves that BCH only has 7% "real" support and BTC has up to 55% "real" support
No data to confirm that yet. Pools weren't ready to switch before and many still aren't. That's different from 'won't switch'.
Jack Scott
Or they help the coin that is not constanly pissing in their faces and shitting on them.... maybe its more than money and msybe the apreciate it if people are nice to them.
Would you want to work for someone that is constantly talking you down? Only if there is no alternative right?
Camden Sanchez
The thing is we still don't know WHY pools switched, we are led to believe it is for profit but it is quite possible many were waiting in secret to do it and kill Segwit coin.
Again I still find it fishy they all decided to start signaling Segwit weeks ago when they've been resistant to it for years. It IS possible they did it out of the NYA but since that is now looking dead in the water, they have no reason to uphold their end of the bargain anymore so they may mine BCC out of spite.
Brayden Turner
I literally just stated it isn't all miners, but we know for a fact it is AT LEAST 33 - 40%.
Nathaniel Martinez
You new fags are too dumb to realize that bch is all smoke and mirrors. Bch will become even more obsolete once btc forks again in November further dividing up your community of simple minded idiots. BTC reigns supreme!!!!! P.S. if you have fomo fever after missing out on btc then research and invest in ripple while its under 0.20ยข fyi XRP is technically not a cryptocurrency but its already being adopted by big banks as a regulated version of blockchain for instant transactions across borders and cross currency and will be the future of banking as we know it.
Carter Rivera
42%
Justin Young
>fyi XRP is technically not a cryptocurrency but its already being adopted by big banks as a regulated version of blockchain for instant transactions across borders and cross currency and will be the future of banking as we know it.
stopped reading at ripple
Thomas Clark
?
Nicholas Kelly
And thus another "bitcoin overtake" comes to an end.
First it was DASH, then XRP, then ETH, now BCH. What coin is gonna do a ""flippening"" next biz? In need to know.
Blake Roberts
42.37%
Hunter Peterson
At least i research, if you did thorough research on Btrash you would realize what a scam coin it is lmfao Newfags crack me up with their get rich quick hopes and dreams. Ico's are a fast growing bubble
Evan Hall
Lol talking to a mirror again?
Landon Bennett
Xrp is just getting started and shouldnt be compared to other crypto coins. Its been around for 5 years unlike all the scam coins that are popping up over night and flooding the market with shit
Nathaniel Powell
Ripple is one of the biggest shitcoins going
Logan Baker
zzz fudders out in force today
Bitcoin Cash will eventually takeover your kikecoin because BCC will remain fast and low cost and not centralised by a single company (hello kikestream/kikebase/gemini(kikes)).
If you haven't noticed the problem yet, it's kike manipulation, not Bitcoin.
Kikecoin splitting in november doesn't affect BCC because BCC will never have segwit, also an extra megabyte in 3 months is absolutely worthless.
Jason Lee
I'll be the one laughing omw to the bank while ypu poor fags commit suicide when the ico scam implodes on itself. God knows you wont know when to pull out just like your dad when he impregnated your whore mom lmao
Ayden Roberts
Real big time investors buy into btc not bch so good luck with that. Not to mention if bch ever caught up to bch in value both coins would become worthless because it would defeat the purpose of having a cap How stupid are you?
Oliver Martin
True. Most miners only care about profit, but the fact that BCC is the only chain that has EDA means it's going to be the most profitable to mine in the long run, as it will be the only coin named "bitcoin" that will be able to adjust for the ebbs and flows of hashpower. BTC can't (not without a hard fork anyway), and there are no plans for S2X to.
EDA is the thing that will save BCC, and is the ONLY thing that makes it competitive with BTC.
John Jenkins
Bch reaching an equal value to btc will cause both coins to fail as the market will lose faith over the fact that anybody could fork it and in so many words inflate the market with spinoffs of btc
Elijah Moore
You can tell who has ever run a business and who isn't. "Most profitable coin of the day" doesn't mean most profitable for you a year from now. Miners feel their long-term business is at threat from Core's antics, if it means them literally going out of business or mining a year from now, they will mine at a loss everyday if they have to (which isn't even really a loss per-say but an opportunity cost)
Brody Rogers
>Not to mention if bch ever caught up to bch in value both coins would become worthless because it would defeat the purpose of having a cap >Le "noe free muneys" argument Only one coin needs to drop to 0. Hardforks have happened before. Why are so many BTC supporters crypto retards?
Christian Flores
Only 7% of that are true BCH supporters
Michael Phillips
>because I said so
Ethan Howard
"the market will lose faith" kys this is not a commie utopia "the market" cant lose faith you mongoloid
this will just show that the true free currency without jews controlling it will always win
FUCK YOU JEWCOCKSUCKER
Brandon Thomas
And btc will still be slow as shit! This is why eth and ltc are uptrending.
Bentley Murphy
Fork #3 will cause bch and sx2 to fail while btc will surge with renewed investor faith. Just wait and see for yourself. You should of sold your bch at the peak of south koreas pump and dump on Sat
Cameron Sanchez
As I pointed out goy, the only companies supporting kikestream are...you guessed it, companies run by other kikes.
That doesn't mean shit globally because kikes don't have influence in markets other than the USA.
Evan Robinson
>Everything I don't like is Jewish
Is this how you rationalize all your delusions?
Luke Hill
>Hardforks have happened before.
I'm trying to find the hardfork history of bitcoin, but it's a bit confusing. Do you know a good page to read up on it?
Carter Anderson
Coin desk did some good articles on the fork
Blake Phillips
>He can't read
Mason Young
>companies run by other kikes.
So 99% of the companies in existence? if you want to make money, follow the jews.
Jace Ward
If Antisemitism is your only big argument i dont even need to bother pointing out how stupid you are
Lincoln Scott
BCH was the only contentious hard fork. Every other fork was a bug fix.
2X will be the second contentious hard fork.
Dylan Robinson
...
Jordan Moore
It went to $250 after that
David Moore
BCC shills: >constant insults >antisemetism every other post >unironically calls people BTC supporters >delusions of persecution >accuses others of FUD while preaching the fall of BTC >probably many other things I missed cause its early This is why I despise you.
Adam Murphy
Don't act like BTC shills are any better.
Leo Barnes
They are, at least here. On Reddit they're just as bad, maybe worse. BCH wins for biggest delusions of grandeur though.
Samuel Turner
>antisemetism Literally kill yourself cutfag
Joshua Bailey
I wasn't specifically referring to Bitcoin hardforks, but yes they've happened too. BCC/BCH is better than SegWit2X because the miners wan't bigger blocks and Segwit is literally designed to justify taking money away from them.
You could fix tx maleability without SegWit and if that was done as a soft/hard fork nobody would have any issues. BTC/BCC is literally down to if you trust Blockstream/Core vs Jihan/China. This is why you see the "Jews vs Chinese" flamewars. Tbh I see BCC as a vote against the shitty parts of Core because there is literally nothing stopping people from hardforking BCC after it takes over. I think hardforks are inherently more decentralized/voluntary than "softforks" based on lies.
Ryder Wright
XRP is neither decentralized nor trustless and has a ridiculously high supply. But every couple of months it gets pumped for a week or 2 on some click-baity 'news' and eventually corrects heavily, like your average shitcoin.
Last time it pumped hard it's market cap increased past ETH to the 2nd rank, everyone swore it was gonna overtake bitcoin... then it corrected, heavily. ETH did the same. So did DASH before those two if I remember correctly. Now BCH seems to be following the same pattern.
The point is there's always an army of shills & bagholders swearing that [insert pumping coin] is "obviously" going to overtake bitcoin in tx volume/marketcap/hashrate/whatever.
Ryder Collins
>BCC will remain fast and low cost and not centralised by a single company
Lmao, holy shit. These fucking shills man, unbelievable.
Jackson Foster
S W 2 X + L N
Robert Flores
"Most profitable for today" is about all the crypto game has going for it. Game theory dictates that with all else equal, utility dictates decision making, and for at least 30% of miners, short-term profitability is the decision with the highest utility for them.
Most mining pools will automatically mine the most profitable chain available for the miners they manage, and that could be anything from BTC to ZCash for the average Antminer ASIC.
In the long run, the best choice for miners long-term is the choice that allows them to accumulate profits the fastest, because mining is a literal arms race; newer ASICs come out every 3 months that are faster and more efficient, so breaking even on costs is about the best you can hope for unless your electricity costs are near zero. In that type of competitive environment, most miners can't afford to be concerned with the long view, because there's no guarantee they're going to exist in the long term.
Liam Johnson
>Zcash >ASIC
Sha256 ASICs will never mine anything other than BTC or BCH.
Noah Lewis
Wonder how long Jihan can mine at a loss when difficulty spikes back up. Either he has deep pockets or he's backed by the Communist party...
Jaxon Evans
oh look I found the kike. Only a kike would use that made up word, if I called a nigger a nigger it would be called 'racism'.
My argument is against centralisation, something that only kikes strive to do. They do ti with everything, who do you think controls the Federal Reserve? Or the US government?
The inevitable result will be Bitcoin Cash succeeding, or an altcoin usurping the #1 crypto position because cryptocurrency is innately decentralised. If there's something in a coin that just doesn't work, you can just move on to another coin that does it better.
Grasping kikes can't wrap their destructive control around crypto; even though they're trying very hard to do just that with Bitcoin these last 4 years.
Jack Perry
>Fork #3 will cause bch and sx2 to fail ...so many things wrong with this statement.
1) How would a fork of a chain that BCH isn't on cause BCH to fail? 2) S2X had 40% support while SegWit alone only had 33% support in the last signaling survey performed; why wouldn't splitting the miners in such a manner be suicide for both chains? 3) BTC + SegWit will not include a fork to compensate for loss of hashpower, so the BTC chain would likely be losing more hashpower for no reason. 4) There is no likely or even reasonably forseeable circumstance in which those who were already mining BCH at a loss would ever switch to either BTC or S2X, so there is no reason BCH would even be impacted by this second fork.
You're seriously lacking in knowledge. It's time to stop posting.
Carson Collins
You're the one who should stop posting. You somehow think that BCH was the magic answer and that every BCH miner is as deluded as you are. Most miners are waiting for an actual solution, even if they moved to BCH temporarily. 2x will cause another shift in mining power from BOTH chains.
Xavier Diaz
More fake FUD. You realize those posts in the picture are from 08/19, correct? The low since 8/19 is ~$550.
Cameron Carter
You all forget that most miners dont care for bcash and they only mine bch to buy themselves more btc, aka the driving factor. Keep praying to the shitcoin gods while the btc kings use you poorfags as a footstool
Jackson Lopez
getting real tired of BCH desu - too volatile too buy and keeps fucking my altcoins
Isaiah Reed
This coming out of your nigger mouth lmfao
Nicholas Barnes
Aight, it's pretty clear to me now, thanks. The whole decentralization discussion seems a bit pointless to me, a certain amount of centralization is unavoidable if you want crypto to mature and succeed.
Isaiah Cooper
how easy is the process of switching from mining btc to bch and vice versa?
Colton Cruz
Forks = fud You bch fags dont even know whos responsible for 90% of the mining efforts hahahaha
Henry Collins
You still think that this shit is going to fly in the real world (outside of /pol/), even after recent events. I feel bad for you, that your brainwashing will probably permanently change the course of your life for the worse. I find it interesting that BCC shills seem to largely be mostly coming from the alt-right perspective. I guess maybe that's cause you guys believe that oriental people are smarter than whites? Is it an inferiority complex that's behind your issues with the world? Could be.
Colton Cox
With the EDA it really doesn't matter, BCC cannot suffer chain death; eventually the price disparity between BCC and BTC will close and also the lower transaction costs of BCC will drive adoption.
You simply cannot have middlemen and expect to remain as cheap as a rival without them.
Joshua Parker
Oh look you forgot to change your proxy you dumbarse kike shill
Tyler Gutierrez
Get used to it - it's here forever.
Lucas Harris
>(outside of /pol/) This is Veeky Forums retard
Dylan Ortiz
Exactly, even btc will need some regulations if it wants to make it to the 6 figure big leagues. Thats why i like XRP as well, its a centralized company thats bringing blockchain tech to banks and big name banks are already adopting it. Not to mention the ceo owns 60% of the coins and he recently had them locked into escrow accounts so that his company is unable to flood the market with them down the road which wouldve caused value to drop drastically
Angel Price
Why would i change my proxy? Im not trying to pretend im a diff user
Nathan Harris
>With the EDA it doesn't really matter Wrong. If you are just above the EDA cutoff (like I speculated a malicious miner was purposely doing the first few days of the fork), a single adjustment will take over five and a half months. Good luck keeping a chain alive when it mines one block per 2 hours for half a year.
>eventually the price disparity between BCC and BTC will close You are correct, but remember that this requires the yoyoing to stop and for the chain to actually survive a scenario like the above.
>the lower transaction costs of BCC will drive adoption. Not if SegWit/Lightning achieves the same thing and leaves BCH in the dust. Normies don't give a flying fuck about our little "blockchain debate". When they saw the fork, I was flooded with comments along the lines of "LOL did you get more free bitcoins?" or "WTF CRYPTO IS A SCAM THEY JUST CREATED MORE COINS OUT OF THIN AIR!". They only give a shit about whatever chain is the "real" one, and it is unanimously agreed that it is Bitcoin unless/until the Bitcoin Cash chain has more total Proof of Work.
James Myers
I just call them how i see them and youre obviously a nigger that hates jews and the real king aka btc
Adrian Hill
guys?
Adam Howard
>BCC cannot suffer chain death >BTC can
So BCC is like the HIV-virus of BTC? When you think BCC is beaten it's actually staying dormant, until the cycle repeats itself.
Dominic Diaz
>Wrong. If you are just above the EDA cutoff
Can't keep it just above the EDA cutoff forever, it will simply cost too much. I also suspected an entity was purposely doing this after the fork.
>Not if SegWit/Lightning achieves the same thing and leaves BCH in the dust.
Speculation at best, without Blockstream blocking everything BCC can push updates out with little resistance.
Luke Hill
>no devs >updates
You know increasing block size increase is not actual development right? Anyone can do it.
Brandon Cooper
If you have enough mining power and can throttle your miners to specifically hit above the threshold you can. This isn't realistic but I am just explaining the case where BCH is almost guaranteed to die a slow, painful death. You can be somewhere in the middle and it will still take 3 months for an adjustment, probably also enough to fuck the chain. Right now we are seeing the opposite which will end up just as bad because of the high inflation period right now from 42% of BTC miners mining at 7% difficulty.
If blockstream actually succeeds at forcing 2x to legally be unable to use segwit I will go all in on BCH out of pure spite. I can't stand stupid kikes like that even if the technology is (IMO) superior or just more adopted.
And yes, it is my opinion. I don't care who wins, I just know I want the "original" chain to win. If BCH becomes the main chain and rebrands to just "Bitcoin", I am fine with that. Whatever helps crypto as a whole. I'm not stupid enough to put all my bags in one basket. I can't stand stream kikes or bch shills.
I used to be a bitcoin maximalist despite one of my best friends constantly telling me about ETH when it was a buck. He has 9000 ETH and I now have 10. I've learned never to assume BTC will ALWAYS win or at least to diversify. But until BTC stops winning or comes dangerously close to flipping (like it did with ETH at one point), I'm holding majority BTC.
It's hit >110k before senpai.
Anthony Wood
so we can expect another PnD to get the price up so it stays profitable? nice.
Brandon Morris
basically the whole sthick is calling everyone who disagrees with them a jew, and coming up with the dumbest conspiracy theories about btc being a jewish plot. Yet Jihan is the one opening mining farms in fucking Tel Aviv
Owen Cox
>if you want to make money, follow the jews.
Bancor?
Kill yourself kike rat faggot, we will kill you, slaughter you.
Hunter Perez
>no devs >updates
Makes sense. Luckily BCC has 4 independent development teams.
Luis Hall
>BCC has 4 independent development teams. >this is what BCC cucks actually believe