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Bitcoin Cash has Surpassed Bitcoin in global hashrate [Nov 13 2017]

31 点作者 bwasti超过 7 年前

11 条评论

stale2002超过 7 年前
For those who are unaware, Bitcoin Cash is a fork of the bitcoin network (NOT an alt coin).<p>Over the years, there have been two conflicting visions for what Bitcoin should be.<p>The Core development team what Bitcoin to be digital gold settlement layer. A censorship resistent store of value for settling low volume, multi thousand dollar transactions, that costs hundreds of dollars per transaction. This is because the higher transaction fees are, the higher the &quot;security&quot; of the network is.<p>The other, competing vision for Bitcoin, and Bitcoin Cash, is that it should be a way for every day people to make every day transactions. They believe that fees per transaction should be measured in cents, at most. This vision sacrifices some amount of security, in order to allow mass adoption.<p>There are more complicated arguments, such as mythical &quot;layer 2 and layer 3&quot; solutions, called the lightning network, that could be deployed on the network, so as to help with scalability. But these solutions are perpetually 18 months away from completion.<p>Mostly recently, the settlement layer, high fees faction &quot;won&quot; by stopping one of attempted upgrades to the network, and the other side responded by forking the network and going its own way. That is Bitcoin Cash.
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lend000超过 7 年前
It was short lived, much like the battle between ETC and ETH.<p>You can see the updated hash-rates here: <a href="https:&#x2F;&#x2F;fork.lol&#x2F;pow&#x2F;hashrate" rel="nofollow">https:&#x2F;&#x2F;fork.lol&#x2F;pow&#x2F;hashrate</a><p>This might equalize with BCH&#x27;s fork today, which will give them a free difficulty adjustment.
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russelldc超过 7 年前
That graph is many hours behind. <a href="https:&#x2F;&#x2F;fork.lol&#x2F;pow&#x2F;hashrate" rel="nofollow">https:&#x2F;&#x2F;fork.lol&#x2F;pow&#x2F;hashrate</a><p>The hashrate quickly jumped back to Bitcoin after the difficulty changed.
babaganoosh89超过 7 年前
The difficulty rate fluctuates depending on how many people are mining it. Sometimes BCC is more profitable to mine and everyone piles into it. Then the difficulty goes up and all the miners go back to BTC. Doesn&#x27;t really mean much.
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jettybrew超过 7 年前
Here&#x27;s a good article on the recent situation:<p><a href="https:&#x2F;&#x2F;fee.org&#x2F;articles&#x2F;a-beginner-s-guide-to-bitcoin-chaos&#x2F;" rel="nofollow">https:&#x2F;&#x2F;fee.org&#x2F;articles&#x2F;a-beginner-s-guide-to-bitcoin-chaos...</a>
throw401超过 7 年前
I hope this will eventually happen with bitcoingold. Bitcoin and bitcoincash should have never been allowed to be mineable with ASIC&#x27;s. For now it&#x27;s still Bitmain&#x27;s game.
tfha超过 7 年前
This was achieved by paying miners substantially more. That payment gets pulled out of the Bitcoin Cash market cap when the miners sell their coins.<p>This news is essentially equivalent to saying &quot;On November 13th, Salesforce outspent Apple in cyber security. This is one of just a few days in all of history where the security spending for that day for Salesforce exceeded the security spending of Apple for that day. Apple is expected to fall into a death spiral soon.&quot;
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debacle超过 7 年前
As someone out of the loop, why do the series have noted periods where the rates have inverse extrema, starting with Oct 1?
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sputknick超过 7 年前
According to this site the average transaction fee for Bitcoin right now is $19.20! I&#x27;m not sure what is going to happen long term, but it&#x27;s interesting to watch from the sidelines as this situation evolves.
kirillseva超过 7 年前
that&#x27;s because it&#x27;s more profitable to mine BCH now before the difficulty adjustment kicks in. Didn&#x27;t they recently hard fork to relax the difficulty adjustment rules so this exact situation could happen?<p>Alternatively Bitmain has just plugged in a new batch of their ASICBoost
cheeze超过 7 年前
Isn&#x27;t the difficulty the same? Why wouldn&#x27;t you want to mine whichever coin cost more?
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