Bitcoin Chain Death Spiral - Some grim charts for Bitcoin
In some earlier blogs I spoke about the difference in difficulty adjustments between legacy Bitcoin and its fork - Bitcoin Cash. Basically, if Bitcoin loses too much hashpower to Bitcoin Cash, it may become too difficult to mine blocks, resulting in slower transaction times with higher fees, leading to a lower price, which leads to more miners leaving, and the cycle repeats. Above is a chart showing the amount of hashpower of each chain since Bitcoin Cash's last difficulty adjustment.
As predicted, as Bitcoin loses hashpower, more transactions are getting stuck:
OK - where's the info about this:
BCH Aug 23rd, 06:47 1 day, 6 hours (885 blk) +372.26%
In one day the BCH mining diff will be up by almost 5 times. Do you think that miners will still mine it, when it's far less profitable than mining BTC?
Some will of course, but not 30%
Also
The BCH blocks are few kb, only about 15 transactions per block - for entire BCH network. Sorry, but this is a joke :D
It will be extremely difficult to BCH to recalculate difficulty that low.
Except by a hardfork.
Hm, I believe it can drop it's diff quite fast - in theory it's cool but in reality it will be a pump and dump (in cycles) coin for miners.
How long do you think will it go till BTC crashes?
BCH? About 1 day.
BCH or BTC?
You think BTC will crash today?
BCH ;)
What is BCH?
LOL this thread...
BCH or BCC?!
;)
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