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August 2, 2017

Antminer newbie doubts.

This might be a repetitive question.I’m new in these things and i want to invest in 1 antminer (S7 or S9)It’s worth to invest nowdays? I don’t care about a fast ROI i just want profit for the next couple years.Also, i count with almost free electricity so the cost per KW/h will be basically 0.Now the dumb question:I plug the miner, config with my adress and that’s it? via /r/BitcoinMining http://bit.ly/2hoetrs

Nick Szabo: “Names are a consensus between writer and reader, not a dictate of the named. Others need not accept your confusing reuse of ‘Bitcoin’.”


Nick Szabo: “Names are a consensus between writer and reader, not a dictate of the named. Others need not accept your confusing reuse of ‘Bitcoin’.”
https://twitter.com/NickSzabo4/status/892459972591616000

Submitted August 02, 2017 at 06:17AM by finalhedge
via reddit http://bit.ly/2w4Qzoj

ViaBTC halting BTC withdrawals? Heads up!!


ViaBTC halting BTC withdrawals? Heads up!!

I am unable to withdraw any BTC from ViaBTC.

I sent BCH to ViaBTC and immediately traded it for BTC. Now I can't withdraw any of that BTC.

On the withdraw page, "BTC available" is 0, and I get the following message:

"Part of withdrawal is unavailable due to pending deposit or unexecuted orders."

My deposit was confirmed after one confirmation and my order has fully executed.

EDIT 2

For BCH deposits, ViaBTC requires 20 confirmations!! In my case this means that withdrawal is not possible before BCH block 478589 has been mined!

EDIT 3

ViaBTC just tweeted that 20 confirmations are required to prevent 51% attacks.

EDIT 4

There has been no new block for the past 5 hours. The most recently mined block is 478570. Given the value of 0.15 BTC per BCH, the expected number of mined blocks in 5 hours would be 4 to 5. This could be variance, but this could also be a another red flag.

EDIT 5

Ok, after over 12 hours, two new blocks have finally been mined. The miners actually mine at a loss because the difficulty is still as high as that if the BTC chain whereas BCH is worth much less.

The slow mining and the 12 hour gap might be intentional to force the difficulty down. BCH has extra difficulty adjustment logic that reduces the difficulty by 20% each time a new block is found too slowly. However, the latest block 478572 still has the same high difficulty as the BTC chain.

I will update this post after block 478589.

Submitted August 02, 2017 at 11:43AM by trilli0nn
via reddit http://bit.ly/2w4WPfE

Antminer newbie doubts.


Antminer newbie doubts.

This might be a repetitive question.

I'm new in these things and i want to invest in 1 antminer (S7 or S9)

It's worth to invest nowdays? I don't care about a fast ROI i just want profit for the next couple years.

Also, i count with almost free electricity so the cost per KW/h will be basically 0.

Now the dumb question:

  • I plug the miner, config with my adress and that's it?

Submitted August 03, 2017 at 05:30AM by grvsso
via reddit http://bit.ly/2hoetrs

When you say ‘Bcash’ in /r/btc


When you say ‘Bcash’ in /r/btc
http://bit.ly/2hoMGr1

Submitted August 03, 2017 at 03:06AM by kornykory
via reddit http://bit.ly/2f9uAbN

elizabeth stark: No one can move coins so the price is totally out of whack. A block hasn’t been mined in over 12 hours. 😱


elizabeth stark: No one can move coins so the price is totally out of whack. A block hasn’t been mined in over 12 hours. 😱
https://twitter.com/starkness/status/892772013961564161

Submitted August 03, 2017 at 12:27AM by tiestosto
via reddit http://bit.ly/2u5oAY5

You can see on the $BCH price chart when new bcash blocks are found!


You can see on the $BCH price chart when new bcash blocks are found!
http://bit.ly/2uliWML

Submitted August 03, 2017 at 02:38AM by supermari0
via reddit http://bit.ly/2u5oAax

Jeff Garzik on Twitter: “r/btc should be renamed to r/bcc”


Jeff Garzik on Twitter: “r/btc should be renamed to r/bcc”
https://twitter.com/jgarzik/status/891786130210906114

Submitted August 02, 2017 at 05:29PM by muyuu
via reddit http://bit.ly/2vsx5gb

In case you’re wondering why the BCH price seems high: It’s because no one can deposit BCH to exchanges. Once this changes, expect a crash.


In case you’re wondering why the BCH price seems high: It’s because no one can deposit BCH to exchanges. Once this changes, expect a crash.
https://twitter.com/Technom4ge/status/892737695176433665

Submitted August 02, 2017 at 11:36PM by Bitcoin_Bug
via reddit http://bit.ly/2uWo79L

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