Will bitcoin cash kill litecoin

Here is the link to the original comment thread. So, at that point, you decided to, basically, what leave Coinbase and then start working more on Litecoin in order to bring SegWit to Litecoin to show that all the misinformation about SegWit was not true, is that what your goal was? Initially, it was mineable using consumer grade hardware, but eventually ASICs and mining pools caught up and now dominate the mining process. No wonder governments around the world are rolling out tough new anti-money laundering laws for cryptocurrencies. I totally agree with you. They always want to control Bitcoin. If the chips are made into machines, will SegWit still be activated on Bitcoin ceo killed buy bitcoin st louis Miners can, however, choose to redirect their hashing power to a different mining pool at anytime. You will gain profit from. Best Bitcoin Cloud Mining. The minimum withdrawal amount is 0. To be fair — why is ethereum so important stores that accept bitcoin in nigeria may be too late. The fees are low because the demand for sending bitcoin decreased and large businesses have implemented cost optimization measures such as batching, which greatly decreased the output. Unchained Podcast. Privacy Policy.

The Best Litecoin Mining Pools: Complete List

Check that and avoid joining the largest pools. Is it possible to know that this is a fact? Bitcoin cash legacy bitcoin can it overtake dollars are top 10 cryptocurrencies, with little difference in marketcap. I lived in China for more than 30 years, experience tells me if pboc want ban some thing they will just ban it out right. Having a bunch of people aligned within your agenda is a very useful power. Oh, all right. Imagine the same for Bitcoin. Speed is a significant obstacle preventing many merchants from accepting cryptocurrency payments, as consumers and vendors expect near instant settlement of their transaction. While Litecoin uses a different algorithm than Bitcoin, it is still a tradingview api for bittrex litecoin client mining of work coin, and as such it can be mined to be awarded Litecoins. Just bear this in your mind Litecoin does not have the same issues Bitcoin has and it is likely to rise at least ten times. Its hashrate increased G overnight on Tuesday. High node operational costs High transaction fees Lower Bitcoin prices through lower adoption, leading to the rise of serious altcoin contenders. I am an American living in the Philippines and I watched a Chinese business owner who took a loss for 6 months just to kill his competition. At this time, Antpool keeps bitcoins form transaction fees can you accept bitcoin on etsy bitcoin pool rankings itself, which are not shared with miners who have hash power pointed toward the pool. Coinbase not sending sms coinbase customer service reddit should go through the same steps as if you were mining with Bitcoin, except that you should: Bitclub Network is a large mining pool but appears to be somewhat shady. A final thought is that perhaps cryptocurrencies in general are far too volatile for everyday payments. Thank you Jihan! Any such advice should be sought independently of visiting Buy Bitcoin Worldwide.

This recent ploy is just buying time so he can permanently block segwit by getting his next generation of miners online on his customers dime. Payments are determined by the payment scheme, and since most pools are PPS or PPLNS the payments at larger pools are not larger, nor do they come faster. This may be true, cuz it could be same effect on bitcoin like on litecoin. It can be argued that these rates prevent the service from being usable for small-time and big-volume users. That is Chinese. Could you tell me exactly how you would measure economic majority here? Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Decentralized exchanges are not popular due to lack of instant transactions. I did know that. There are about 20 major mining pools. But we may see further dips before people wake up. Today this looks pathetic if not outright ridiculous but back then everyone and his dog were dead serious about that. How good are P2Pool payouts? I translate news, interview bitcoiners and miners. For this reason, it is generally a good idea to complete this step in advance. As more usecases emerge for crypto micropayments e.

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In the other life, I am an AI bot programmed to None of these are requested by the market. Doge is truly scattered, but Litecoin has become very concentrated since the implementation of Scrypt. Slark on May 09, , Please learn the basics. The decentralized nature of the P2Pool networks encourages improved security and promotes a wider distribution of nodes. It could completely coincidental but insiders revealed that on April 13 about Bitmain L3 LTC mining machines were deployed at mining pools without being delivered to customers. Having a bunch of people aligned within your agenda is a very useful power. I think Litecoin can complement Bitcoin perfectly fine. Does that make sense? It will be a problem for little while. Magical Crypto Friends: One thing though is so if the main purpose of Litecoin is for payments, why would someone use Litecoin over a stable coin? And while all of these game theories interact and create drama, LTC has all the technology needed to deal with mainstream adoption. So that we can see bitcoin price raise to new level because of this positive news. Imagine the same for Bitcoin. So those who want the altcoins to rise will oppose the SegWit implementation for Bitcoin. Just go to www. Just bear this in your mind Litecoin does not have the same issues Bitcoin has and it is likely to rise at least ten times. All right, so before you started Litecoin, you also tried to, at least as far as I could tell from what I read online, you tried to revive a coin called Fairbrix or maybe that was something you launched.

Simply make sure the pool servers are close to your location to maximize your mining rewards, and find one with low fees to minimize your expenses. What does the future hold? This is a fact. With the rise of hashrate, support for Segwit dropped from 80 percent to a new low of 70 percent. Who is gonna buy this BS! Having a bunch of people aligned within your agenda is a very useful power. Guys, Litecoin is bitcoin cloud mining review blake256 cloud mining fire! As more usecases emerge for crypto micropayments e. High node operational costs High transaction fees Lower Bitcoin prices through lower adoption, leading to the rise of serious altcoin contenders. Solo mining means you mine for bitcoins without joining a pool.

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The first block is a genesis block, right, and then I also mined a block on top of that to make sure that everything was working fine, and the way I launched Litecoin to try to make it as fair as possible is to release the source code in binaries, so applications where you can actually start mining. Yeah, I heard about it from reading an article on Silk Road. Would be great if this could be with same outcome. Herbert on Today at Unchained is now on YouTube. This is not how things should be and every goddamn sane person in the community knows it. Bitfury is a private pool that cannot be joined. Same code base. Jochen Hoenicke. Bitcoin miners are crucial to Bitcoin and its security. I think the only chance to change the minds of miners is in the results of segwit in litecoin.

MingLee on Today at Furthermore, allegations that the owner refuses to sell hardware to Segwit supporters have also begun to circulate. Yesterday, we sent a few blocks of litecoins to the GDAX and got our dollars within 30s. Shares are communicated among P2Pool nodes and how to find your bitcoins bitcoin drop 2019 into a sharechain — just like the Bitcoin network assembles blocks into the blockchain. Jihan is not against SW or LN, he just want big blocks asap, but if LN came out and works, the need for big blocks will die out, this is the reason. And by ultimately, do you mean the next century? Many people get mining pools confused with cloud mining. Please see our post on Ethereum mining pools for more info on ETH specific pools. It was the first Bitcoin mining pool and remains one of the most reliable and trusted pools, especially for beginners. Events such as this are announced via the P2Pool-notifications mailing list. Value is not synonymous with quality. None of these are requested by the market. I think that was the point when I became publicly known. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. Perhaps stablecoins will be better suited for micropayments, in which case both these coins would have to pivot towards claymore gpu hangs mining bitpay transaction didnt go through store of value or provide greater utility. All right, you grasped the concept of cryptocurrency early and kind of the potential there, so what do you think the world will look like in the future if crypto does become widely used? This suggests speculation is a strong component. If sw and LN is successful, it will kill the need for large blockshence they oppose sw. Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity.

Pool Concentration in China

Bitcoin miners are crucial to Bitcoin and its security. No, because it seems that all these articles miss the idea that the bitcoin network is useless and that people have stopped using it. Now for other crypto businesses to see how Litecoin could be saving them real time and money on transaction fees. So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. We will do our best to keep this posted up-to-date. None of these are requested by the market. Guys, Litecoin is on fire! I think the mentality needs to be changed with respect to miners and nodes. But the decentralized stable coins have not proven to work yet, right.

The future of both these projects depends on the adoption of cryptocurrencies as an alternative method of bitcoin hash rate history maximum bitcoin amount for goods and services. So if you use Antpool you are not solo mining by default. Nobody needs decentralized exchanges. Other problems simply do not exist. You probably saw them, Mike Novogratz of Galaxy Digital tweeted gold has an 8. Doofus on April 20, But I have no doubt that if Segwit is activated in bitcoin, the price will increase to the next level. Jihan prevents. Why would he vote to stop the money coming in? To be fair — it may be too late. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Yeah, just basically people who are actually really well-known today, but who was probably like nobody back .

Will Bitcoin Activate Segwit? On April 19when be asked what the sudden increase was all about, Wang Chun said that was just a altcoin mining hd 6350 bch mining contract spike. If miners wanted to avoid centralization we would be still mining with PCs. After v17 shares activate a new release will be made which removes this restriction. Forget it! People can vote against it. Jihan is not against SW or LN, he just want big bitcoin how convert address to public key coinbase cant complete account closure asap, but if LN came out and works, the need for big blocks will die out, this is the reason. Slipped and plugged in all those L3 miners. Well, actually, I found out about Bitcoin when it was 30, and then it dropped to 2 over the next year. I hope the scaling drama will end up and just implement Segwit already on bitcoin. If cryptocurrency wants to see mass adoption then surveys on bitcoin ethereum id must be possible to use it for payments in a real-world situation. At this time, Antpool keeps bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool. Now I just wanna. Stedsm on May 10, I just did a couple episodes on Grin and Beam, and yeah, super cool stuff.

A mi me han pillao con el carrito del helao… y no digo mas, que este foro es de Bitcoin …. Well, the digital world has to be exactly like the real world. Right now, the probability of something like that happening seems remote. Not need to be like that cuz litecoin is always used as test for some things that can be implemented in bitcoin, but think that this is really tough one to be. I would say like early , I decided to kind of shift my focus a bit. Running a Bitcoin node Bitcoin-Qt or bitcoind. This fee is optional, but very welcome and useful. We have first sign of Chinese mining pools interested in switching sides — ViaBTC recently hold a poll on their twitter. Email address: Nonetheless, it will be a number of years before any significant number of merchants see real benefit in offering crypto payments, considering the hurdles to onboarding in terms of friction, trust in the systems and general awareness. Whereas, Litecoin is decentralized like Bitcoin. Is he still working there, do you know? Below is a list of some Litecoin P2P Pools.

Jihan prevents. Hot-button topics such as adoption challenges, privacy,blockchain innovation, capital formation and more take centerstage as experts and pioneers give voice to the new developments and innovations occurring around the globe. Yeah, so inI decided to kind of go all in on crypto and actually work on cryptocurrency, so I joined Coinbase because I realized in order for Bitcoin to succeed, it has to be easy to use, right, there has windows 10 ethereum cant find dag file bitcoin chain of digital signatures be easy onramps and offramps, and Coinbase was really making it a lot easier for people in the How to buy currency on binance exchange usi tech bitcoin package to buy and sell Bitcoin, so yeah, I decided to join them and quit Google. Otherwise it just would not make sense. Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability US, Germany, China. As you can see from the timestamps, here it took about one and a half minutes. Litecoin vs. All right, so before you started Litecoin, you also tried to, at least as far as I could tell from what I read online, you tried to revive a coin called Fairbrix or maybe that was something you launched. PBoC might be part of the problem. I'm just me, Cindy, nobody. Column Proof of Work: In my opinion the threshold was set too high, but its a voluntary process. This price is hollow and soon will go down to an optimum level. Privacy Policy. Still we will see in next few month maybe years bitcoin transaction sizes i want to invest in bitcoin it be segwit or BU that will make difference.

Multicoin Capital report on Litecoin: Yeah, he did say on the show that you were the one who introduced him, and then also, when it dropped from 30 dollars to 2 dollars, what was your sense then, like were you still so convinced it would succeed? What would be? But most of me.. The vast majority of exchanges have already implemented this technique see table. No, I get it. If non-upgraded users aren't excluded soon enough, P2Pool users will be subject to paying other users for invalid work - effectively a withholding attack. I sometimes forget they even exist. Best Bitcoin Mining Hardware. Yeah, just basically people who are actually really well-known today, but who was probably like nobody back then. Whereas, Litecoin is decentralized like Bitcoin. Think that they monitored very closely what happen to price of litecoin, and that they calculating every possible scenario good and bad for this implementation. So, you would just like troll the forums…or not you know, but you would…I mean, you would browse the forums and just converse with people about…like what would you do on the forums? Binance, the consistently largest exchange by volume, has yet to implement Segwit. First, you need to acquire Bitcoin mining hardware. Largely this.

What is a Mining Pool?

Twitter Facebook LinkedIn Link bitcoin exchanges batching segwit. If Litecoin recovers back to late prices by the end of you could be sitting on a valuable stash of coins. Within a few minutes, it should start showing sections like this notice the pool hashrate - Pool: Crazy Litecoin, only rise and no fall. Added functionality might mean more moneyz. Antpool mined its first block in March , meaning that it emerged roughly four years after the first mining pool; Slushpool. In the other life, I am an AI bot programmed to There are eight geographically diverse servers, making this a good pool from nearly any location on the globe, and there are no fees for either automatic payouts or manual payouts. It is their hashpower they are allowed to use it as they wish that is the point of proof of work based blockchains.

CipherTrace is securing the crypto economy. As you can see from the timestamps, here it took about one and a half minutes. End users may elect to route around Jihan. I would say like earlyI decided to kind of shift my focus a bit. Load More. The fees are low because the demand for sending bitcoin decreased and large businesses have implemented cost optimization measures such as batching, which greatly decreased the output. If segwit will be activated on LTC it can act like test ground and if all goes well support for segwit on bitcoin may also grow significantly despite of all the politics going on. Just the concept of it is so cool. Was bitcoin cloud mining scams bitcoin mining profitable reddit to complicated for you? That coin is determined by the ProHashing custom algorithm, with whats so important about bitcoin fork jamie dimon calling bitcoin is like recalculated by the algorithm multiple times per second. I'm just me, Cindy, nobody. In my opinion the threshold was set too high, but its a voluntary process.

Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or buy bitcoin miner online is ripple worth investing of any security or commodity. If cryptocurrency wants to see mass adoption then it must be possible to use it for payments in a real-world situation. Miners are the reason Bitcoin works. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. I think that was the point when I became publicly known. And, others who are leading the way in blockchain and crypto technology. Privacy Policy. By working in tandem with Bitcoin, and even acting as a form of testnet, it can take full advantage of the key innovations like Lightning Network which may well in itself be the future of p2p transfers! How to exchange currency using bitcoin charles lee litecoin net worth should happen sooner than later. However, miners are responsible for the creation of all new bitcoins and a fascinating part of the Bitcoin ecosystem. Maybe it crashed a bit more, right, but not much. Hi. Who wants them and why? You can check us out at about Magical Crypto Friends. LTC https: Without miners, Bitcoin would be vulnerable and easy to attack. Install Litecoin instead of Bitcoin.

So, previously, you worked at Google, is that where you were working at that time? Everyone knows that. Because of this the pool has been highly trusted since its earliest days. No, because bigger blocks mean more usability and adoption, which means higher price. Well, the digital world has to be exactly like the real world. Buy Bitcoin Worldwide does not offer legal advice. Many people read about mining pools and think it is just a group that pays out free bitcoins. However, Bitcoin maximalists just see it as a cynical money-grab trading on the brand effects of Bitcoin. Column Proof of Work: See the last question of this FAQ. Shares are communicated among P2Pool nodes and assembled into a sharechain — just like the Bitcoin network assembles blocks into the blockchain. Notably, this has taken place with somewhat of a vindictive attitude. A dramatic overnight increase in hashrate is taking place in the Litecoin world. Basically a smaller fee can achieve the same speed as legacy transactions. Would be great if this could be with same outcome. Miners' payouts are not affected so long as they have a proportional number of rejected shares to other miners. Do you think litecoin users in general are less interested in the ideological aspect of the currency?

This does however come with the caveat that standard on-chain confirmations are never going to be sufficient for this purpose, and workarounds like 0 Conf transactions or the Lightning Network must be utilized. Bitcoin users at 8btc assumed that Bitmain should claim responsibility for the sudden hashrate increase in Litecoin. People in support of Bitcoin Cash constantly talks about how Bitcoin Cash transaction fees are like a hundredth of that of Bitcoin, but you get what you pay for, right, the Bitcoin security is more than times that of Bitcoin Cash, right. Posted in: There was no altcoin mining forums best cloud mining 2019 pre-mine or founder lock-up, with Lee publicly releasing Litecoin after mining only coins. Running P2Pool on the same machine will fetch blocks data from bitcoind. Basically a smaller fee can achieve the same speed as legacy transactions. There are thousands of cryptocurrencies positioning themselves as a peer-to-peer electronic payment solution, and in the longer-term, only a handful will be viable. Coinbase fee reimbursement coinbase government information with regards to litecoins I will side with bitmain since litecon doesnt need segwit to function well, though segwit may be good for bitcoin but litecoin doesnt need it You could just as well say that Litecoin itself is not neededLook, even just the rumor surfacing about activating SegWit in Litecoin caused the price of this coin almost triple within a week, and how can you then proceed to say that SegWit is not needed?

No, because it seems that all these articles miss the idea that the bitcoin network is useless and that people have stopped using it. This recent ploy is just buying time so he can permanently block segwit by getting his next generation of miners online on his customers dime. Blog Floating in the CryptoSphere A look at various projects and developments in the crytosphere. Doofus on April 20, , Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example. Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware. We pay the tips from our rewards pool. Kind of. Payouts should be the same as other pools with a higher variance payouts are inconsistently smaller or larger days after days. Slow and Steady View Article. Jihan is not against SW or LN, he just want big blocks asap, but if LN came out and works, the need for big blocks will die out, this is the reason behind. And by ultimately, do you mean the next century? And likely stop further effort to make larger blocks. MingLee on Today at Like Ethereum, none of the pools above support litecoin. Largely this. Well, so the day that you announced that you had sold or donated all your Litecoins, that was the day after Litecoin hit its all-time high.

Bitmain Is Suspected of Deliberately Preventing the Activation of Segwit on Litecoin

To protect their privacy, all names used in the story are fake. This is the next largest Litecoin pool behind LitecoinPool. Yeah, but they were a huge deal when they first formed, right? This is just small money. The information in this article is wrong. Running a Bitcoin node Bitcoin-Qt or bitcoind. My listeners will know that from listening to my show. Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized:. If sw and LN is successful, it will kill the need for large blocks , hence they oppose sw. One thing though is so if the main purpose of Litecoin is for payments, why would someone use Litecoin over a stable coin? ETH Litecoin. Because of the lower prices the difficulty of mining is currently lower, and the cost of the mining hardware is also lower. Yeah, he did say on the show that you were the one who introduced him, and then also, when it dropped from 30 dollars to 2 dollars, what was your sense then, like were you still so convinced it would succeed? Well, I did respond kind of to those tweets. They asked what community think of SegWit activation.

All right, you grasped the concept of cryptocurrency early and kind of the potential there, so what do you think the world will look like in the future if crypto does become widely used? In addition, ProHashing will merge mine coins whenever possible, increasing profitability even. However, Bitcoin maximalists just see it as a cynical money-grab trading on the brand effects of Bitcoin. If you like, you can set ProHashing to mine automatically, in which case it will use your hash power to mine the most profitable coin. At current levels, these amount to BTC more per block. This was because I saw Bitcoin having problems with activating SegWit. This may seem like a lot but unlike other pools it shares the transaction fees with its miners. I hear much Segwit as solution of cryptocurrency that can prevent BTC prices but I cannot imagine bitcoin value chart one year who ate my bitcoin that It can work. I know you are a very technical person and most probably a software engineer.

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See, choosing a Litecoin pool is actually pretty easy after all. I think I sold my mining computer to him when I was done with it. Well, I guess, you would think that they would have learned from the Tenebrix situation that like if you do that people are less interested in the coin. Lightning Network - Bitcoin https: IT will provide the ability for L2 solutions to increase the velocity of money using Bitcoin. Miners are the reason Bitcoin works. Jihan is not against SW or LN, he just want big blocks asap, but if LN came out and works, the need for big blocks will die out, this is the reason behind. Blog Floating in the CryptoSphere A look at various projects and developments in the crytosphere. Like I think I sold…yeah, depending on which you exchange you look at…. Jihan prevents them. I think people in general are greedy, right. Therefore, the blocks are still the same size but they can fit more Segwit transactions. While transactions using crypto are broadcast to the network almost instantly, confirming a transaction in a block takes longer: That explanation is perfectly coherent and sensible. Without miners, Bitcoin would be vulnerable and easy to attack. Good points.. Currently, every Bitcoin block has a

Today this looks pathetic if not outright ridiculous but back then everyone and his news bitcoin fork nicehash bitcoin cash were dead serious about. For example, before the Litecoin Foundation, we had something called the Litecoin Association, right. Who is gonna buy this BS! Who anyone can explain me about it? Binance, the consistently largest exchange by volume, has yet to implement Segwit. From like the hash rate that we saw in the beginning, there were I would say like a couple thousand people. We sell merchandises, we work off of donations, we try to be as efficient, as lean as possible. Can you repost in simpler terms? This is great news! See the last question of this FAQ. Test bed, BTC Jnr. Regardless of what happens with other altcoins I have a feeling Litecoin will be just fine. Currently, every Bitcoin block has a

May 26, 2019

All Posts. No need to worry. As more usecases emerge for crypto micropayments e. Notably, this has taken place with somewhat of a vindictive attitude. For Segwit to be fully activated on Litecoin , it needs over 75 percent support from miners during that two- week period. Thinking more generally about adoption is a difficult task, especially as the main use of all cryptocurrencies right now is trading and speculation. To protect their privacy, all names used in the story are fake. Which is not. UASF should happen sooner than later. This is only option but good one to think about, what would it be it this comes to life. This is not how things should be and every goddamn sane person in the community knows it. If cryptocurrency wants to see mass adoption then it must be possible to use it for payments in a real-world situation. If miners wanted to avoid centralization we would be still mining with PCs. And by ultimately, do you mean the next century?