Bitcoin.com Mining Pool Official Discussion Thread

[djengisen]

We wanted to get all the Bitcoin Cash stuff up and running first.
We will address this issue next and actually plan to switch to a dynamic fee system in the future.

That sounds awesome, looking forward to it!

[bitkilo]

which currency now profitable?
BTC or BCC???

BTC still is but that may change very soon

I know this site displays what is currently more profitable to mine: https://cash.coin.dance/blocks#thisweek

[deltazulu]

The BCC interface is up and running, nice work dev team. I didn't realise how to switch everything to BCC (it's in the top right corner).

Not many blocks mined though. Been dry for 11 days. We need more hash power on BCC probably. Maybe the profitability will adjust this weekend. I noticed that the hash power varies quite a lot from 400~ to 900~ TH/s depending on the time of day. Not sure what would account for such a large difference.

[mel]

Switching all my hash rate to BCC! There is an 11 hour wait to switch and with the delay from mining BTC, getting the payout, and getting to the exchange it is about that time. Better to be early than late I think

The difficulty adjustment will be in about 4 days (block 479808) at which point it looks like it will be WAY more profitable to mine BCC. However, the BCC price is going up and it is quickly approaching parity so I'm switching now.

[GreyWyvern]

I too have set my contracts to switch to BCC. I hope more Bitcoin.com hashpower does the same soon!

[jedimstr]

With much lower difficulty we should be seeing more PPS coin payment per share per hashrate in BCC/BCH vs BTC (without taking into consideration $ value) right? I'm talking about actual # coin earned in PPS.

[sayurichick]

250~ blocks (2-3 days) from reaching profitability.

I propose everyone switch over to BCC in a day or two so we can begin seeing some blocks mined by our pool.

[mel]

With much lower difficulty we should be seeing more PPS coin payment per share per hashrate in BCC/BCH vs BTC (without taking into consideration $ value) right? I'm talking about actual # coin earned in PPS.

Yes, MANY more. After the adjustment (probably on Aug 20) we should get about 14 times more BCC because it will be about 7% the difficulty. This will only last a few days (for 2016 blocks, then it adjusts to 10 minute blocks), be sure to be mining BCC

[mel]

I have a request to the wetsite devs...

I just withdrew BTC and after I clicked had an "OH SHIT WAS THAT BCC" moment. It wasn't, but I hadn't checked... Can you make it extra foolproof with a confirmation pop-up or such? And get rid of the line that says "BTC/BCC transaction fees" and make it just say the one that you're withdrawing?

Much gratitude for all of the BCC website features

[deltazulu]

We're almost at pricing parity now (https://cash.coin.dance/blocks). BCH prices are climbing steeply (https://www.coingecko.com/en/price_char ... n-cash/usd).

[mel]

BCC price just blasted through the mining parity price. Officially more profitable to mine BCC, and the difficulty adjustment hasn't even happened yet.

[deltazulu]

Pricing parity has been reached! http://imgur.com/a/xLaLM

I'm mining BCC already. Strap in folks.

[fiatoshi]

Attempted to switch over from BTC to BCH now, but the interface says "Switching coins in: 28 hours" and offers me the choice to cancel the switch.
Mel, (if I've got it right) you said BCH mining profitability (relative to BTC mining) "will only last a few days."
Do you think I should I cancel the switch, or will I probably still catch the tail end of the BCH profitability?

[deltazulu]

Maybe the devs can make the switch happen instantly?

There may not be a BTC chain left to mine if all the miners switch. BTC chain is up to 20,000+ unconfirmed transactions.

[jedimstr]

The BCC User Account stats don't seem ready yet. Some are showing BTC values (like the withdrawal address and Total Earned) while Estimated 24 hour revenue and Pending PPS shows "BCC data coming soon".

Any ETA on when the BCC User Account data will have the correct info?

[deltazulu]

It may be wiser to wait for the difficulty to adjust first before switching to mining BCC. The current parity may be temporary due to the current price climb. Best not to throw all our hash power in now or the difficulty might not drop. It is 226 blocks until it kicks in (http://bitcointicker.co/bccnetworkstats/).

[GreyWyvern]

It may be wiser to wait for the difficulty to adjust first before switching to mining BCC. The current parity may be temporary due to the current price climb. Best not to throw all our hash power in now or the difficulty might not drop. It is 226 blocks until it kicks in (http://bitcointicker.co/bccnetworkstats/).

Difficulty doesn't change based on hashpower directly. The algorithm checks to see how long the last 2016 blocks took to mine and it was longer than two weeks, it adjusts the difficulty in proportion to the difference. Since it took almost 3 weeks to hit the 2016th block, we're looking at an almost 50% reduction.

We're going to get a difficulty reduction even if the whole world points its hashpower to BCC.

[deltazulu]

Difficulty doesn't change based on hashpower directly. The algorithm checks to see how long the last 2016 blocks took to mine and it was longer than two weeks, it adjusts the difficulty in proportion to the difference. Since it took almost 3 weeks to hit the 2016th block, we're looking at an almost 50% reduction.

We're going to get a difficulty reduction even if the whole world points its hashpower to BCC.

Ah right, awesome, thanks for the explanation. All aboard the BCC train then!

[mel]

Attempted to switch over from BTC to BCH now, but the interface says "Switching coins in: 28 hours" and offers me the choice to cancel the switch.
Mel, (if I've got it right) you said BCH mining profitability (relative to BTC mining) "will only last a few days."
Do you think I should I cancel the switch, or will I probably still catch the tail end of the BCH profitability?

Yes! Come on over! BTC and BCC are about the same profitability right now (BTC is 6% more profitable but it's been fluctuating) so you're not even late

When the difficulty adjusts around August 20, it will be about TWICE as profitable to mine BCC if the prices stay the same. I think most of the network's hash rate will come over, so we'll be mining blocks lightning fast, maybe 1 per minute. SO... we'll mine 2016 blocks in just a few days and have another adjustment then. You haven't missed it at all, this crazy profitable time won't start for 3 more days.

[sayurichick]

ok switching over.

[Sirslicey]

Do you guys think it's better to hold my 3.2 BCH right now, or to throw it into a new mining contract? I was looking to buy a pre-order 2 oct.31st contract yesterday, then BCH spiked like crazy today. Now I'm not sure which is a more profitable move long term.

EDIT: If I bought the contract right now, do you guys think I'd get a return on BCH long term? That's what I care about.

[mel]

Do you guys think it's better to hold my 3.2 BCH right now, or to throw it into a new mining contract? I was looking to buy a pre-order 2 oct.31st contract yesterday, then BCH spiked like crazy today. Now I'm not sure which is a more profitable move long term.

EDIT: If I bought the contract right now, do you guys think I'd get a return on BCH long term? That's what I care about.

Probably just hold it... BCH price will go way, way up so spending it at such a low value is likely a bad move. You should at least wait for the numbers to come out so you can do some calculations with Grey Wyvern's calculator. Also don't spend it on a pre-order because the future difficulty might be brutal and you'll miss out on mad BCH gains (which you'll get by just holding) until Oct 31st.

[deltazulu]

Bitcoin Cash mining is now more profitable to mine by 7% (https://cash.coin.dance/blocks). See screenshot http://i.imgur.com/mP89mqP.png.

The price is up over $552 USD now (https://www.coingecko.com/en/price_char ... n-cash/usd), see screenshot: http://i.imgur.com/Xv4LOmh.png.

Bitcoin Cash mining in our pool has increased 4 PH/s since a day ago, however our pool still has not mined any blocks recently, see screenshot: http://i.imgur.com/WQdWHuX.png

We're just not getting a big enough piece of the pie (http://bitcointicker.co/bccminingpools/), see screenshot: http://i.imgur.com/YlaFTHY.png. We need more miners to switch over to Bitcoin Cash ASAP. Remember it takes up to 12 hours to switch to Bitcoin Cash mining.

Difficulty decrease of 40.44%+ is due in 182 blocks (http://bitcointicker.co/bccnetworkstats/) which is in about 45 hours (at 4 blocks mined per hour).

[GreyWyvern]

We wanted to get all the Bitcoin Cash stuff up and running first.
We will address this issue next and actually plan to switch to a dynamic fee system in the future.

I'm interested in these dynamic fees... which will probably be a big pain to integrate into my calculator.

When and where will you announce that the pool is switching over to BCC/BCH? It's obvious by now that Core has no intention of honouring Segwit2x so it should be within reason to abandon it as well.

[deltazulu]

It's obvious by now that Core has no intention of honouring Segwit2x so it should be within reason to abandon it as well.

Core team only want to keep the block limit low to push as many transactions as they can onto their proprietary, patented "Lightning" side networks. Miners will really lose out then. Also they have censorship of /r/bitcoin and other forums. It's a disgusting corporate takeover of Bitcoin. Luckily now we have Bitcoin Cash which fulfills the original Bitcoin vision. Because of Core team keeping the limited low block size, the Bitcoin network is now backed up to 46,000 unconfirmed transactions and climbing (https://blockchain.info/unconfirmed-transactions). Bitcoin Cash is moving along nicely with its capability for larger blocks. It's time to let the corporate controlled Bitcoin chain die. Bitcoin Cash is the new Bitcoin. I've already exited out all my Bitcoin into Bitcoin Cash. Had to pay a high fee to do it, but worth it. But better than getting lost with the Chain Death Spiral (http://bitcoinandtheblockchain.blogspot ... tcoin.html).

[sayurichick]

https://blogs.wsj.com/moneybeat/2017/08 ... -currency/

the hype is real.
point to the bitcoin cash chain within 2 days.

it's going to be a frenzy for those quick block rewards after the difficulty adjustment. lets get as many as possible.

[deltazulu]

There's now profitable parity including fees to mine BCH (http://fork.lol), see screenshot http://i.imgur.com/XmHpob3.png.

[deltazulu]

Now it 23% more profitable to mine BCH compared to BTC, see http://i.imgur.com/3z9h8NX.png. Time to start mining some BCH blocks.

[OneChain]

http://www.fork.lol/

God damn it, BCH seriously spiked check it out. Pretty awesome, but BTC is still holding above 4000$, do you think people aren't selling because they can't physically send their coins to an exchange?

[sayurichick]

not sure, but what i do know is i tried 2 seperate shapeshift orders from BTC -> BCC.

Both timed out because they didn't get confirmed in time even when i paid 250 sat/byte.