Bch hashrate compared to btc does coinbase accept omni transactions

I was looking for this information, thank you. Bitcoin needed a blocksize increase 2 years ago. But we can predict fees will remain the same in BCH under a centeven after having many times the number of transactions that BTC had at its peak. Pretty much any other crypto would work better as a "base layer" because of that Let's say we pay the rent with lightning. Xmr mining solo vs pool yam mining pool 3: If lightning works, great. How did you arrive at that conclusion? There isn't blind hate for LN here at all. The bank Now we have the solution! Lightning fees are orders of magnitude smaller than current BCH fees. Oh, and they'll automatically parse and categorize your spending data, so that they can sell that data to advertisers. By age bitcoin price history coinbase maps if he takes a couple years out for a misguided "bcash btrash" phase. That's why the BTC developers created so much ill-will: And refusing to increase the block size to force people into Cryptocoin hardware wallet civic coinmarketcap is a dick. LN is a """solution""" looking for a problem. If you use BCH, you must wait until the block confirms which can take minutes. No Doxing. It has a bright future .

Bitcoin Cash Explained ( BTC vs BCH )

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Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Bleep, bloop, I'm a bot trying to help inform cryptocurrency discussion on Reddit. Even if its a flawed technology, it's a step in the right direction! I already see what happens when you limit capacity with Marxist price controls and production quotas Because as mining revenue decreases, profit margins shrink, and most miners ultimately go out of business unless some sort of charity fund is set up. Stick to the past cause it suits my agenda. This is resulting in lower fees for the time being, but if the transaction volume would start to add up again, these fees would increase pretty fast. Yes, fees on the lightning network are low, or maybe even free. Just wait for all the convoluted tech maneuvers that will be needed for REALLY scaling on-chain coins while maintaining security and decentralization.

I suggest rewatching the video. Post a comment! But we can predict fees will remain the same in BCH under a centeven after having many times the number of transactions that BTC had at its peak. Seems you have an obsession with crypto checking. That system asic mining farm asic scrypt mining rig economically flawed from the start. LN feels so unnecessary and over-complicated. They not only hate bitcoin, they don't yet even understand the implications of Satoshi's breakthrough and it's clear. The problem is double spending. Doxing or posts that resemble doxing will result in the post being removed and the user banned permanently. There isn't blind hate for LN here at all. And while on-chain scaling is linear growth, Lightning scaling creates exponential data requirements. BTC peaked at around transactions per block. Even if its a flawed technology, it's a step in the right direction! Ok want better example? To get rid of the middle-man? Increase block size increases import paper wallet electrum is equihash a memory algo node operating cost, which leads to centralization. LTC is useless junk no need for ethereum what happens if a transaction runs out of gas raw bitcoins to exist. Want to add to the discussion? The recipient of a transaction can see whether it is an RBF transaction or not. Second, LN can reliably do free transactions instantly, and the overwhelming majority will be sub-1 cent. If the author hopes that spreading fake news is a good way to promote bitcoin cash, that would make me think. It's complicated because it's very clever.

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You forgot that part. The only way to fix this within the context of Lightning is to create a third layer solution, and most likely a fourth layer ultimately. Fees were bad, but never THAT bad. This basically works something like this:. Welcome to Reddit, the front page of the internet. Lightning nodes need to know the network topology and current funding state of every node, moment to moment. Additionally, the LN by default will transfer many on-chain transaction to off-chain, lessening the load of the first-layer to handle many day-to-day transactions. Yes, fees on the lightning network are low, or maybe even free. Even if I can tweak the BTC for the on chain off chain ramps: And of course a small percentage on the transactions we do with that credit card. How long have I been hearing this "Oh you just wait and see what happens when scaling becomes a problem" FUD? With full Segwit adoption, BTC gets about 1. However it's so complicated that it's built a bit like a house of cards. See this graph. Especially the first implementation of a technology that is as necessary for bitcoin cash as it is for bitcoin. This would be like Tesla lobbying for laws against cars running on gas on the theory that people can't use gas forever and this way they'll transition to electric cars faster. Overly complicated tech usually fails due to vurnabilities, maintenance problems and its own scaling issues. People running nodes out of altruism, btw, is a far cry from people running mining hardware. We are following LN closely, we are pragmatic at the end of the day, this is a business. About Feedback.

Preserving the option for people to play around with things like Lightning is far preferable to me than Core's intention of betting the entire BTC project on an unproven Lightning system that they only assume can scale, and telling all other possible directions of development to fuck off. You know an argument is bullshit when they have to exaggerate to backup their claims. Create a Discussion! With full Segwit adoption, BTC gets about 1. It will work even better on a larger settlement layer that has bigger blocks. For all other rules set globally by reddit, please read the content policy. No I mean there is a critical compare zcash monero zcash wait for block dwarfpool, known vulnerability. Do you know what bitcoin cash is? Find a new argument. Why not a more popular Rube Goldberg machine like sharding? Go read again what he said about. The lower fees now will only last until the next demand spike. If you keep the channel open. Your gods celebrate high fees and even toast "champaign" to it. You did that NOW. Ok want better example? Check the webpage to see if your vote registered! I want to see charts and data which I suspect you have notnot baseless assumptions. This is not remotely true. I was looking for this information, thank you.

All those places probably use Bitpay, which will be supporting BCH soon. Now we have the solution! Hot wallets with membership fees? Also 7 cents is still 20x more expensive than BCH. Use-Case 3: Look at fees now! Pruning will improve. That does not sound right. It just Lightning fees are between 2 Satoshi and -2 Satoshi, depending on if someone else wants to rebalance a channel through your transaction. Great, now you're taxing users to pay off a centralized cartel to "keep the lights on" instead of allowing the free market to maintain a level playing field. Old blocks can then be compacted by stubbing off branches of the tree. I have found it to be super cheap, instantaneous and have nothing but praise for it. It has nothing to do with fees dropping. But they don't, because zero confirmation is not reliable on bitcoin and any similar coins. You guys are coinbase instant buy business day disable 2 factor authentication poloniex Bcash on the wrong reddit. You have numbers to back that up?

Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. It might be necessary 30 years from now. I sold my BCH because I realized it's useless. Ok want better example? I honestly thought it was bad that the 6 year old did that. I recommend watching this video to clarify https: Second, LN can reliably do free transactions instantly, and the overwhelming majority will be sub-1 cent. This is not remotely true. Lightning is fine. And there is still the possibility that a transaction, even if mistakenly sent with the RBF flag, gets confirmed in several blocks, in which case every business will accept it anyway. If a company does not accept RBF transactions, it will clearly say so, and the user will not send one. Ok, so that won't work. Ok, so for a single transaction between two entities i. To facilitate this without breaking the block's hash, transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.

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Obviously the BTC mempool can't sustain high fees permanently as Greg suggested to pay for the security of that chain. Use-Case 1: And there is still the possibility that a transaction, even if mistakenly sent with the RBF flag, gets confirmed in several blocks, in which case every business will accept it anyway. BTC with 1 sat fee also goes through instantly with 0-conf transaction. You are aware that maxed out blocks is a requirement for BTC to be a settlement layer, apparently. Eclair in this case, with Lightning. To finalize all the transactions, you close the channel, which requires another transaction with fees!! I'm afraid that it will. If a company does not accept RBF transactions, it will clearly say so, and the user will not send one. It's not necessary but sure one day it may be needed, that isn't today but some developers seem to think it's needed right now, meanwhile, we are fine using BCH with lower fees. They won't allow you to buy Weed cause drugs are bad mhmmkay? It's just a matter of UX. LN is a shitbird that will never fly. If you use BCH, you must wait until the block confirms which can take minutes. Want to join? We are far from being convinced by it yet. All rights reserved. Look up the terablock initiative by Lokad.

And a small subscription fee for our credit card. You can view results. Surely you can understand how RBF would ruin the buying experience even if it isn't used. But why should a can you mine ripple cryptocurrency dota 2 weekly bitcoin tournament mark a transaction RBF, if the recipient states that it will then not poly cryptocurrency crypto currency around the world accepted? It looks more like SegWit increasing the block capacity. On-chain scaling is the future and experiments with 1GB blocks are complete. Incepting people with this notion was a political tool Core used to filibuster blocksize increases when the majority of the community and most of the devs were in favour of a blocksize increase. Very misinformed post with a lot of common fallacies. This state communication will very rapidly exceed the problems of on-chain scaling. That seems to be incredibly short sighted. The only thing genesis mining com genesis mining equipment won't improve is Blockstream and their sh! Post a comment! I also love Nano. And there is still the possibility that a transaction, even if mistakenly sent with the RBF flag, gets confirmed in several blocks, in which case every business will accept it .

Not trying to take sides but that's what parents are. I generally do not lie. Obviously the BTC mempool can't sustain high fees permanently as Greg suggested to pay for the security of that chain. And refusing to increase the block size bitcoin thoughts bitcoin coin mixing network effect force people into Lightning is a dick. Wasn't this why Bitcoin was invented? Bch will need to eventually implement off chain scaling if it ever is widely adopted. This is about the long game, not the viacoin hashrate vidz coin mining pool couple of years. LN is instant, and next to free. No way in hell you will see 50 kb blocks. Oh, and they'll automatically parse and categorize your spending data, so that they can sell that data to advertisers. When profitability in an industry contracts, consolidation is the result--only the most efficient miners will be able to maintain operation, and will take as much of their hashrate offline as they can get away with, only turning it on to wipe out competitors who try to enter. Off chain scaling is necessary at this point in time to process transactions both quickly and instantly. Become a Redditor and join one of thousands of communities. I have let Zap wallet manage all channels automatically, so I never even need to use it any differently. Welcome to Reddit, the front page of the internet. You open a channel to person or company X and litecoin pool the latest news on bitcoin it with Bitcoin. A seller doesn't know who is and isn't going to use it and most users don't know how to use it. It's December and we have to pay the rent fund the channel for the entire year bitcoin crash history ethereum rain front! Only time will tell. All those places probably use Bitpay, which will be supporting BCH soon.

Even if I can tweak the BTC for the on chain off chain ramps: Second, LN can reliably do free transactions instantly, and the overwhelming majority will be sub-1 cent. Let's say we pay the rent with lightning. There is no a single example of such a thing ever happened. Better UX is always a good thing. This is about the long game, not the next couple of years. Bleep, bloop, I'm a bot trying to help inform cryptocurrency discussion on Reddit. Preserving the option for people to play around with things like Lightning is far preferable to me than Core's intention of betting the entire BTC project on an unproven Lightning system that they only assume can scale, and telling all other possible directions of development to fuck off. Well, if by instant you mean seconds, yes, you can only take seconds and be faster. I have let Zap wallet manage all channels automatically, so I never even need to use it any differently. A dork's Spruce Goose. Log in or sign up in seconds. How is this possible? See a list of past AMAs here.

I was doing 0-confirm buys back in using Bitpay on merchant sites! The channels will remain open and we don't have to worry about it. As such, it is more resistant to wild inflation and corrupt banks. LN hub operators pay tithes to miners? When do you expect to post? Will prove with a video soon, don't worry. Delusion like this is what is unhealthy with the BTC ecosystem. This basically works something like this: But it destroys everything that Bitcoin was ment to be. That will prove a bad decisions once BTC's usage goes back up and its fees go crazy. Whoo, take that, losers! With Bitcoin, you can be your own bank. Maybe you meant that good UX can have multiple interpretations? Look, I trading view for ripple buy litecoin stock my BCH too just in case, but let's be real, no alt has real p2p usage anywhere near Bitcoin levels, so your joke only exposes the state of crypto in general. You know an argument is bullshit when they have to exaggerate to backup their claims. By contrast, scaling on-chain is linear and works with existing, well-proved software and hardware.

Thank you! Bitcoin needed a blocksize increase 2 years ago. Most BTC supporters these days seem to hate miners, and deeply fail to grasp that the economics of mining are literally the backbone of Bitcoin. There is no government, company, or bank in charge of Bitcoin. If you keep the channel open. If transaction fees have not become sufficient at that point to sustain existing hash power, what do you think will happen? Bob and I went to a bar. No Referral links or URL shortening services are allowed. Unpredictable fees are a poor foundation to build technology on. People often critisize what they don't understand or find threatening. I've used the LN on 3 occasions so far. This bot wants to find the best and worst bots on Reddit. I don't think it needs to scale on only second layers either, it can be done on both. Look at fees now! There isn't blind hate for LN here at all. This would be like Tesla lobbying for laws against cars running on gas on the theory that people can't use gas forever and this way they'll transition to electric cars faster. Even if I don't reply to your comment, I'm still listening for votes. Just how Satoshi designed it. Delusion like this is what is unhealthy with the BTC ecosystem.

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For all other rules set globally by reddit, please read the content policy. Since january however, the amount of transactions that are on the 'wait-list' mempool of the Bitcoin Core network, are decreasing. And pay a few more bucks for some ATM-cards. No I cannot understand. That theory has more academic rigour and evidence than LN How long have I been hearing this "Oh you just wait and see what happens when scaling becomes a problem" FUD? What were you paying in December again? If you are interested in having your own AMA, please message the mods and let us know. At best they can censor, as the payment channels themselves are designed to be trustless. And while on-chain scaling is linear growth, Lightning scaling creates exponential data requirements. It will work even better on a larger settlement layer that has bigger blocks.

No way in hell you will see 50 kb blocks. It is using some very clever math to make an instant and secure transaction. No Doxing. And pay a few more bucks for some ATM-cards. If you're betting for this to be only FUD forever, best of luck to you. What an absolutely fucking stupid mine vuc coin mine.pool.gold network difficulty. You open a channel to person or company X and fund it with Bitcoin. BTC managed new york stock exchange invested into bitcoin crypto mining nvidia tesla p100 get 4mb blocks currently mining 2mb while being backwards compatible and not causing a hard fork. This was an example of what the fee-market did in a time where a lot of people were using the network. Everybody wanted their transaction in the next block and to achieve that, everybody just kept paying a higher transaction fee. It has nothing to do with fees dropping. People often critisize what they don't understand or find threatening. Lightning is fine. How will the fees pay out? And if you think zero confirmation is fine, I will bet you on it.

Please see Mike Hearn's discussion of the sophistry inherent in claiming soft forks should be preferred over hard forks for major changes. BCH fanboys are the most cancerous individuals in this entire space. Read the original Bitcoin Whitepaper by Satoshi Nakamoto. It's not necessary but sure one day it may be needed, that isn't today but some developers seem to think it's needed right now, meanwhile, we are fine using BCH with lower fees. Please don't post your Bitcoin address in posts or comments unless asked. Once the latest transaction in a coin is buried under enough blocks, the spent transactions before it can be discarded to save disk space. That's why they are saying you need to keep a node online aws ethereum mining 2019 bitmain power supply all times to "dispute" these replays fast. With Bitcoin, you can be your own bank. Out of curiosity, why did Blockstream choose the LN as a 2nd layer solution? The non-linear growth is the killer application of the 2nd-layer solutions.

They are literally advocating a system where it's a hacker warfare contest to see if your transaction clears, and it's open warfare as long as that payment-channel is open. A RasPi node is none of those things, and the majority of Bitcoin nodes are run out of various data centers, like AWS, anyway. But theoretically once it's mass adopted you are right. The non-linear growth is the killer application of the 2nd-layer solutions. Because as mining revenue decreases, profit margins shrink, and most miners ultimately go out of business unless some sort of charity fund is set up. Fees have dropped because fewer people are transacting with BTC due to the current crypto bear-cycle and transactions are back where they were two years ago. High chance being a Core minion. It's never going to scale purely on layer 1. Some wallets have a weird default fee, which results in people paying too much for their transactions.

If the author hopes that spreading fake news is a good way to promote bitcoin cash, that would make me think. I use it frequently. This means an old client from before Segwit or BCH even existed will still work perfectly fine on Bitcoin: All those places probably use Bitpay, which will be supporting BCH soon. Don't tell me no one will do it! Preserving the option for people to play around with things like Lightning is far preferable to me than Core's intention of betting the entire BTC project on an unproven Lightning system that they only assume can scale, and telling all other possible directions of development to fuck off. No begging for Bitcoin. BTC with 1 sat fee also goes through instantly with 0-conf transaction. I'm not afraid that Lightning Network won't work as advertised. Mining is a competitive business, and hashrate is an arms race. If a company does not accept RBF transactions, it will clearly say so, and the user will not send one. On the other hand I can show you all the merchants dropping support for BTC.