Zcash network hashrate how to convert bcc to bitcoin

Add a picture. I think if the EDA was kept, should be added to stop the flood blocks that occur whenever it kicks in and miners switch their hash. Bitcoin Cash is unusable for one day out of four for now because of block time, later one of five, then six I think the change you recommend should be added, but that won't solve the issue. Rather than try to reinvent the wheel, I suggest that we replace both the regular and emergency difficulty adjustment algorithms in Bitcoin Cash with one of these existing algorithms: You always have to wait blocks, so that creates an incentive not to cause the chain to stall. If it is only because of the situation of the moment, please notice that with each oscillation, Bitcoin Cash comes closer to stability. BCH just had the EDA kick in and the new difficulty is bitcoin stock symbol canada odds of bitcoin crash at up from about The interesting part of this particular attack on bitcoin cash, though, is that it was arguably executed in an attempt to do something ostensibly good for the community, not to reward the attackers or to take the funds for themselves. So there will always be consensus about whether a particular block has the correct reddit bitcoin soars find out if you have any hidden bitcoin. I disagree with what you say You say that: So in the case of BCC, every 10 minutes. Consider the following simple scenario: The economic effect is an increased scarcity to the later adopters and more coin at a lower price to those who are paying attention. Friday, July 28, This would check if the last 24 blocks happened within an hour, and then do something increase difficulty by an amount, perhaps a 'reset' by recalculating the last blocks and using. SegWit is the biggest danger to Bitcoin, and Bitcoin Cash is adjusting to the scalability issue in the correct way. Sign in to view. The chance of error is exactly 0 because the calculation is only based on information in previous blocks. Miners wait coinbase raises fees bitcoin processing icons difficulty to down significantly low they can mine BTC meanwhile They mine blocks very fast. Bixin pronounced they stand firm on protecting the Bitcoin network, urging others to do the same, warning of risks. Yesterday, the company told its users they would be zcash network hashrate how to convert bcc to bitcoin all Bixin customer accounts claimed BCC to BTC and proportionally distributing the swaps as rewards over time. The block average has seemed to work well as a basis to set target, and minimized opportunities to game the system, however it is a little too coarse.

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Every block has a well defined history, however each node makes it's own calculation each time the target is changed. We could also probably do merged mining like maaku suggested. If it matters, check block explorers at a minimum. If it takes another 5 days then another 20, BCC will be mined in that time. High difficulty, low profitability. Line 13 in a46e63c. You entered an incorrect username or password. Period 2: The EDA messes up the actually block rate calculation. In this regard, the birth of BCC may cause a Hashrate fluctuation and, in the worst case, disrupt the Bitcoin china banning bitcoin mining what else like coinbase by creating a Hashrate black hole and bitcoin version history lumen chart stellar the generation of blocks. Two viable options, I'm in favor of. Agreed, lets convert some time tested and well researched adjustments from other alts. The purpose of the EDA is to prevent the chain going dead when miners switch away.

What do you think would be the best way to mitigate this? So in the case of BCC, every 10 minutes. Assuming stable hash rate, some basic calculations I did showed that it is possible mine blocks in 6. This problem is not really specific to this adjustment algorithm. It is false that your personal wallet-with-chain, full node , is the best protection against attack. As one bitcoin cash developer, going by the moniker Kiarahpromises, put it in an article from May Support via Bitcoin SV. The chance of error is exactly 0 because the calculation is only based on information in previous blocks. Core ought to adopt it, but they won't out of pride, which goes before a fall. In the end it comes down to survival fitness. The coin payout per block and the difficulty set the profitability. Bixin would like to appeal to all the mining pools and miners to stay rational. Also, Deadalnix I apologize for the message from Reddit, I should have checked here first. If at least one chain has step changes and miners hyper transfer, then it doesn't seem like there is much of a reasonable way to keep things stable. Thus, it is vital to defend the security of Bitcoin network. It's been less than a week since the issue has been noted and the BCC chain is already 1, blocks ahead of Bitcoin's chain, which should not have happened. That way a sudden change in hash power should produce a gradual change in difficulty. Trace Mayer recently quipped how your full-node is your sword and shield.

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After blocks an upward adjustment occurs. Trying to keep 10 minute block time average. Already have an account? With this specific algorithm, faster inflation rate would lead to faster halvings which would lead to higher fees. Yes, definitely this has to be. Miners follow the profit and the profitability depends on the price and difficulty. So in the case of BCC, minimum order size gdax bitcoin asic usb miner setup 10 minutes. I believe someone pushed the timestamp to an earlier position, so that the difference between 6 relevant blocks was 11 hours and 59 minutes. If you're hard-forking, then definitely adopt a better targeting. Bitcoin and Bitcoin Cash Block Sizes. What's sure is that a targeting change is quite urgent. Submit Cancel. Two miners mining bitcoin not showing up in bittrex best cryptocurrency trading app the same parent will have the same difficulty. But not everyone in the bitcoin cash community agrees. Only when convenient? I believe we should choose a difficulty adjustment system. Bitcoin Core is unusable all the time because of fees.

Could be good or bad incentivize block timestamp manipulation that will help profitability. It is false that your personal wallet-with-chain, full node , is the best protection against attack. You entered an incorrect username or password. Why don't we just restore the normal core difficulty adjustment? In this regard, the birth of BCC may cause a Hashrate fluctuation and, in the worst case, disrupt the Bitcoin network by creating a Hashrate black hole and affecting the generation of blocks. Subscribe Here! While the notion of individualism appeals to many of us, it hazards an unnecessary and undesirable single point of failure, oneself. Bitcoin Cash is unusable for one day out of four for now because of block time, later one of five, then six It's been less than a week since the issue has been noted and the BCC chain is already 1, blocks ahead of Bitcoin's chain, which should not have happened. Yes, definitely this has to be done. Friday, July 28, Support via Bitcoin Cash. You signed out in another tab or window.

Bitcoin Cash Miners Undo Attacker’s Transactions With ‘51% Attack’

The Bitcoin BTC chain has grown by E-mail is already registered on the site. I represent a business. Doubly surprised if Core has resolved the fee issues by. Period 1: This would make the network a little more responsive to changes in hashpower, while retaining as many of the good properties of the original difficulty adjustment as possible. Too few EDAs, you don't reduce the difficulty enough; too many, you welcome a massive influx of hashrate. Perhaps with every oscillation the difficulty adjustments become ever closer to stability, but how long will that take? It's definitely the most viable solution for our issue Xrp active users coinbase wont release bitcoins believe. But you get the idea. This should atleast fix the faster coin generation issue, but could the chances of BCH chain dying. Only when convenient? I'd rather keep EDA until it stabilizes than switching to untest difficulty retarget algorithm. Dismiss Join GitHub today GitHub is home to over 36 million developers working together to host and review code, manage projects, and build software. Sign up for a free GitHub cryptocurrency mining graphics cards trezor cryptocurrency hardware wallet to open an issue and contact its maintainers and the community. BTC Core is not dumb, although we'd like to think so build a litecoin mining pool minergate xmr payout maybe they didn't adopt for a reason. The difficulty of a block still depends on the parent and the rest of the chain.

It's definitely the most viable solution for our issue I believe. Like what we're doing? Consider the following simple scenario: There isn't any difference in the DDOS attack surface since every miner with the same history agrees about the difficulty of the next block. Closing this as the EDA has since been removed. Hm but are these long difficulty adjustment times not by purpose? The issue I see with EDA is that you need to accurately time it. I think Bitcoin Cash is able to HF to make these changes, so it's best to do it right. This would make the network a little more responsive to changes in hashpower, while retaining as many of the good properties of the original difficulty adjustment as possible. But since a HF is going to happen, it would be a waste not to consider other improvements. I believe someone pushed the timestamp to an earlier position, so that the difference between 6 relevant blocks was 11 hours and 59 minutes. I am new to GitHub and have only registered to participate in your discussion. This should atleast fix the faster coin generation issue, but could the chances of BCH chain dying. Even with a block update, the system would react very slowly to a sudden loss of hashing power. While the notion of individualism appeals to many of us, it hazards an unnecessary and undesirable single point of failure, oneself. This problem is not really specific to this adjustment algorithm. For example, currently an oscillating effect could occur:.

Coin Dance

New issue. Closing this as the EDA has since been removed. So sudden influx of hashrate will trigger increase in EDA. Sorry that something went wrong, repeat again! At one point BTC. So in the case of BCC, every 10 minutes. The statement released trezor what happened to my bitcoin cash wallet breadwallet login is of a different kind. Already on GitHub? This problem is not really specific to this adjustment algorithm. Too few EDAs, you don't reduce the difficulty enough; too many, you welcome a massive influx of hashrate. Bitcoin Cash Profitability Against Bitcoin.

The most stable one looks like DigiShield? There's the thing, how fast does it need to stabilize? Perhaps with every oscillation the difficulty adjustments become ever closer to stability, but how long will that take? Good bye Bitcoin Core — you screwed it up! Subscribe Replies to my comments All comments. This is what has changed. If a miner vote is made on any active proposal, that will be displayed here. The Bitcoin BTC chain has grown by The timestamp manipulation could also lead to an attack against the emergency mode kicking in, as witnessed in the blockchain lost the link A better way to do it, while keeping the same properties, would be retain the block average, but adjust the target on a more regular basis, perhaps every blocks. Please send me an invoice. It would seem the EDA oscillations are in fact becoming stable. They could both be tweaked independently. Core ought to adopt it, but they won't out of pride, which goes before a fall. If both chains are to survive, BCH would be highly inflationary and this should be fixed.

E-mail is already registered on the site. Support via Patreon. This should atleast fix the faster coin generation issue, but could the chances of BCH chain dying. Bitcoin as a whole might be severely affected. I intended this for a mailing list discussion, but I can't seem to references to it in bitcoinabc. Realtime removes the incentive to abuse block rates. Subscribe Here! This is what has changed. Bitcoin Core is unusable all the time because of fees. I think Bitcoin Cash is able to HF to make these changes, so it's best to do it right. With this specific algorithm, faster inflation rate would lead to faster halvings which would lead to higher fees. It seems to be doing what it is designed to do, which is to protect Bitcoin from ripple coin purchase bitcoin vending machine singapore. The block average has seemed to work well as a basis to set target, and minimized opportunities to game the system, however it is a little too coarse. GitHub is home to over 36 million developers working together to host and review bitcoin private key short example bitcoin blockchain update, manage projects, and build software. The interesting part of this particular attack on bitcoin cash, though, is that it was arguably executed ny times zcash 21 bitcoin club an attempt to do something ostensibly good for the community, not to reward the attackers or to take the funds for themselves. EDA is very important and clever because it ensures that the chain is saved even when the hashrate drops, you probably need to acknowledge. Sign in to comment. We are blocks ahead, excluding whatever BTC was already ahead at the time of the fork.

I'd rather keep EDA until it stabilizes than switching to untest difficulty retarget algorithm. Fee is voluntary, not miner driven Higher fee is triggered by full blocks, nothing else, should come when global adoption arrive My take I'm against EDA removal, but I agree we need to work to fix the inflation manipulation byproduct. They could both be tweaked independently. EDA is very important and clever because it ensures that the chain is saved even when the hashrate drops, you probably need to acknowledge that. For example, currently an oscillating effect could occur:. On Aug. Bitcoin Cash will die because of EDA if the current situation is not fixed. The block average has seemed to work well as a basis to set target, and minimized opportunities to game the system, however it is a little too coarse. New issue. So there will always be consensus about whether a particular block has the correct difficulty. Small block target number means stable system. The purpose of the EDA is to prevent the chain going dead when miners switch away. Therefore, to protect the safety of the network, Bixin promises this:

Consider how fortunate Bitcoin Cash is, that this improvement was left undone by the former gatekeepers of Bitcoin's reference implementation. EDA is a helpful improvement on Bitcoin. The timestamp manipulation could also lead to an attack against the emergency mode kicking in, as witnessed in the blockchain lost the link This is what has changed. The idea is to stay as close to bitcoin as possible, not getting creative and introducing all kind of shit The unknown miner attacker decided to try to take the coins. Contact Email. Assuming stable hash rate, some basic calculations I did showed that it is possible mine blocks in 6.