OMG THIS IS HUGE PEOPLE: Bitcoin Cash (aka REAL BITCOIN) 8MB Block 479469 Clears Over 37,000 Transactions

in bitcoincash •  7 years ago 

For those who love Bitcoin as the original Satoshi project, this is amazing.
Bitcoin cash (AKA REAL BITCOIN) is about to take its place

"...It’s been sixteen days since the inception of Bitcoin Cash, and the network split that took place on August 1. The BCH chain has been trucking along, and miners have processed 918 blocks since the hard fork. On August 16 around 6-7am EDT the BCH network seemed to be suffering from a spam attack as unconfirmed transactions filled up the mempool. Roughly an hour later a massive 8MB block was found by the mining pool Bitclub Network which cleared 37,814 BCH transactions. Two hours later another large block was mined on the BCH chain that was 4MB in size. Coincidently the legacy bitcoin (BTC) blockchain’s mempool has been filling up and has over 48,000 unconfirmed transactions at press time..."

https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I am staying neutral in the Bitcoin ideology. I never speak negative about BCH. Time will tell. I am holding both BTC and BCH

Cool

I gave an upvote just for stating Bitcoin Cash is the real bitcoin :D

😀 😃 😄 😁 😆

Same here! :D

One way or the other, this seems good PR for BCH.

Agreed 😒 😞 😔 😟

This is big news! Are you aware of any website that tracks the difficulty and profitability of mining to keep a close watch on when BCH becomes more profitable to mine?

thank you!

I feel like nobody's really talking about this amidst all the BTC hype right now.... I mean, BTC really could get totally bogged down and freeze if this happens right?

You got it. With the hash power switching to BCH, there is nothing much left for BTC but to increase fees, slow transactions and see BCH rise like crazy.

already a nice jump today....I couldn't decipher that website you sent me to! But I'll keep checking on you for updates.

I'll keep you all posted 😘

Do you really think that Bitcoin could become worthless in this scenario? I wonder how strong the emotional attachment is to it. My main concern about this happening is that all the recent fiat > crypto movement will reverse as people panic because they don't understand what's happening, while those in the know will just be happy that they are still holding their Bitcoin Cash. And the REALLY folks will be those who took advantage of the 10:1 ratio to increase their BCH holdings! Cowabunga!

The problem with Bitcoin on SegWit is SegWit.
The people who support SegWit and SegWit 2X got a $50 billion dollar "investment" from very powerful people that are looking to CENTRALIZE Bitcoin through SegWit by changing Bitcoin's code.
I just can't believe people can't see this. SegWit will make Bitcoin run just like an Altcoin; like all the other coins running already on SegWit. SIMPLE!

Thank goodness for the uncensorability of Steemit. It sounds like there is some serious censorship going on out there and I guess it's been successful. Keep on spreading the truth! Can you tell me what exactly I should be looking for in those charts that you sent me?

It pretty much explains who is mining the blocks on each coin and who is doing it.
You must keep an eye on the size of the pies and also on the number of blocks mined per hour on each coin. This will explain the level of profitability mining on each coin to see which coin will have the tendency to attract more miners.
The rest is kind of self-explanatory... I guess?