Bitcore BTX Mining How It Works
The snapshot • On 2nd of November 2017 a new snapshot of the Bitcoin blockchain at block #492820 was created by the devs of. • Everybody with access to their private keys will be able to get 50% in BTX relative to the BTC they held at the time of the snapshot (1:2 swap) if their balance was at least 0.01 BTC. • To get your free BTX, you simply have to import your private key you used for your Bitcoin in the Bitcore Core Wallet. However there are a few things to consider before doing so: • the process of moving all BTX to approx 5'000'000 addresses will probably take several days. Try your BTX claiming in two weeks (mid November) to be absolutely sure your private key has been funded.
• make sure to move your Bitcoin to a new address where you control the private key, before using the 'old' private key for your Bitcore. This is a simple security measure. How to Export/Import a Private Key Exporting from BTC wallet Depending on the Bitcoin Wallet you use, there are several ways to get your private key. Usually they are hidden for the normal user, because there is no reason to directly access the. However you will find ways to extract them via advanced options.
We recommend to for the wallet you are using. Please note: Many BTC webwallets and exchanges don't give access of the private key to the user. Unless these services support our snapshot by distributing BTX to their users, it won't be possible to access your private key to claim your BTX. This is one of the reasons we always advocate to use a wallet that gives you full control of your keys, such as for example.
There are actually two ways to get your BTX from the snapshot: A) Importing to Bitcore wallet Right now importing a private key for Bitcore is only possible with the Bitcore Core wallet. • Make sure it is past mid November.
Bitcore (BTX) - All Important Info. Airdrops - How do they work? //facebook.com/groups/Bitcore.BTX; Mining + Pools.
It will take up to several days for the Bitcore blockchain to be filled with all the transactions. • Start Bitcore QT. As soon as your wallet has been synced go to Help->Debug Window • Select Console • If your wallet is encrypted it must be unlocked first. Enter 'walletpassphrase [yourpassphrase] 600' (without the ' and without [ ]) • Now you are ready to import your private key. Enter 'importprivkey [yourbitcoinprivkey]' (without the ' and without [ ]).
Make sure there are no spaces in your private key. Your wallet should now contain 1/2 the amount of Bitcore you had in Bitcoin! B) Copy Wallet.dat The simplest way to get access to all your private keys from your Bitcoin Core client is to simply copy your wallet.dat file into your Bitcore Core folder. This way the client will automatically show all your corresponding BTX balances after syncing with the network! Be sure to backup your wallet.dat before doing this! Some Exciting Technical Details Taking the so called snapshot of the Bitcoin blockchain is actually relatively easy: You just save/download the ~145 GB data of the chain.
What we are doing after the snapshot is where it gets exciting! We are actually sending BTX (1:2) to every address saved in the snapshot with a balance of 0.01 BTC or greater. Starting with the largest balances we make thousands of transactions every hour, steadily making our way down to the addresses with a balance of just 0.01 BTC. This is an enourmous stress-test for any chain. It is now ongoing for more than a day and working very well so far.
You can have a look at what is happening in the.! If you want to know more about Bitcore (BTX) please refere to the links below. I'm sorry but this looks like a blatant scam attempt to steal coins from people. I understand I can send my coins to another address and then use that address to claim them, but when this is the claim process rather than signing a message, it looks like an attempt to steal the coins of anyone who doesn't send their coins away. Shame on bitcore for doing it this way rather than the claim tool they used last time. Not only do we have to move our BTC, but if you have a trezor for instance, you would have to move every single coin associated with the seed address for your trezor because it is compromised.
No fucking thank you, and be very careful if you decide to hunt a small amount of EV for a great risk. We know that importing a priv key isn't the simplest way to for most users. However this is just one of the ways we offer for people to get involved in Bitcore.
Some exchanges already support the snapshot (HitBTC.com for example!). We had the sign-message method running for almost 6 months via the website. This method ensures people can get in at a later stage in a few months or even a year from now if they still have access to their private key.
Also it was important to us, that we no longer have centralized access to these funds. Moving your BTC to a new address prior to importing your priv key in Bitcore Core is an easy way to prevent any security incidents.
This snapshot allowed us to set this world record. Only follow the steps and you will be fine.
Importing to Bitcore wallet Right now importing a private key for Bitcore is only possible with the Bitcore Core wallet (download here). Make sure it is past mid November. It will take up to several days for the Bitcore blockchain to be filled with all the transactions. Start Bitcore QT.
As soon as your wallet has been synced go to Help->Debug Window Select Console If your wallet is encrypted it must be unlocked first. Best Asic ZCoin XZC Miner. Enter 'walletpassphrase [yourpassphrase] 600' (without the ' and without [ ]) Now you are ready to import your private key.
Enter 'importprivkey [yourbitcoinprivkey]' (without the ' and without [ ]). Make sure there are no spaces in your private key. Your wallet should now contain 1/2 the amount of Bitcore you had in Bitcoin!
Bitcoin Cash (BCH) Website: Bitcoin Discussion is for discussion focused on Bitcoin Cash (BCH) news, information, and development! For general Bitcoin discussion please continue to use.
What is Bitcoin Cash? Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations.
The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world. The ticker symbol for Bitcoin Cash is 'BCH', but is sometimes referred to as 'BCC' on some exchanges/wallets. Please do not confuse 'BitConnect' (which also uses the ticker symbol 'BCC') with Bitcoin Cash. Development: • • • • Wallets • • • • • • • • Exchanges • • • • • • • • • • • • • Blockchain Explorers • • • • • • • Mining Pools • • • • Resources • • • • • • • • • Subreddit Rules to Remember • Remember is strictly prohibited.
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• It's recommended that heavy altcoin discussion be posted in its respective subreddit or places like. Yeah, I've been watching a lot of youtube talking heads, and there is a lot of 'oh well the pump and dump is over and it can fall back to 600 and go away'. Do these people look at the technical aspects at all? The DAA is currently bringing difficulty down slowly - currently at 18% of the difficulty of the BTC network - and profitability is following a neat little curve up to the profitable mark for mining. When it becomes profitable, hashrate will drain from BTC. BTC - already at 90k transactions steadily in spite of having all teh hash rate - will stop. Drive into a wall.
At that point, BTC is on countdown clock. It might even be the infamous death spiral. Either way, it will be yet another cataclysm in the crypto community imho. Not all of it, but it does seem like the pump was very much orchestrated; they do point that out and they're not wrong. They're not even wrong in that it is mildly distasteful, but where they do go wrong is that they don't even acknowledge the vast damage done by BTC Core and the bullshit No2X campaign that prevented going to 2M blocks after segwit was already in. That is what made the necessity to push BCH so immediate. Not even Bitcoin operates in a vacuum.
There are major competitors coming up who don't have the name, but have potentially superior functionality. Bitcoin can't be dysfunctional at this time in the game, something had to be done. That doesn't really change the equation much. BCH is holding comfortably at $1200+ in spite of BTC going up in value, so it's not going anywhere at this point. BTC, meanwhile, still won't be able to operate much longer without doing an emergency hard fork to do something. Most likely increase the block size after all, or change the PoW.
And after 3 years of propaganda in the BTC camp about how forks/upgrades are bad mmkay and the very recent No2X campaign, the BTC community will tear itself apart if they even try to fork. Basically, BTC is screwed in my book.
Whereas from now on, BCH will have smooth sailing. No performance problems in the foreseeable future, the DAA is working great at first glance, and a lot of people are on board and like it as the new de facto Bitcoin. • • • • • • •. Can you explain to me why profitability of mining is that important for people that has already jumped into the BCH wagon, I.E. People like me? Please don't tell me about chain death spiral risk -- no one really acknowledges that and that's not gonna stop BCC guys from dumping the BCH whenever they have some inventive to do so. I'm also mining to GPU coins.
I'm getting paid it whatever currency they offer then turn them into BCC. A low but steady income for me to invest into alts. Why would that be different for miners of Bitcoin algorithm?
Why they should hold BCH instead of turning them to BCT or fiat as they are doing for a long time? • • • • • • •.
The reason profitability is such a big deal is because miners were abusing the difficulty adjustment, would slow down hashrate, wait for difficulty to go down to increase profitability above BTC, and then when everyone joined in on mining BCH they would mine a ton of blocks until it adjusted back up and rinse and repeat. Eventually they kept the profitability just below BTC so mine more coins. Now that we have the upgraded DAA, we can have a steady coin, AKA a coin that doesn't drop down in price due to unstable hashrate. Now that it has a steady hashrate/difficulty combination, it allows the coin to stabilize a price. Now the question becomes, what will the next price pump bring?
Because if it brings another 400% increase in price, miners will make 4x the profit mining BCH (they sell coins usually immediately) and during this entire pump, Core will start to feel the increased effects of blocks stalling. However, I assume they will survive the next BCH pump with a few days of little to no hashrate, but over time the period they stall will get larger as BCH grows until it loses the war. So for the simple answer, because the DAA was destroying the stability of our coin, and now we are receiving healthy profitability that isn't artificial (from DAA abuse). I disregarded your 'chain death spiral risk' comment for obvious reasons. As for why BCH guys won't 'dump BCH when they have some incentive to do so'.
It really doesn't matter does it? The price went from $300 to $2500 over 5 days and is still resting at $1200. It's consolidation after a healthy pump. The next price increase proves to look pretty damn high based on Elliot Wave.
Think of this, the only way Core can prevent BCH taking over right now, is to either shit on them (which isn't working), increase the price of their own coin by having Segwit work, or rely on the difficulty adjustment to save them which won't help them if they can't continue producing blocks to get to it. They can fix that by hard forking and implementing a DAA, but they have showed they absolutely hate hard forks. • • • • • • •.
This pattern repeats so frequently in markets it ought to have a name. • Observe an inefficiency (fiat economics) • Solution appears.
(bitcoin) • Solution has a new inefficiency (scaling) • Situation not conducive to remedy because it's counter to the interests of the power structure providing the solution (on chain scaling against interests of power structures attempting to capitalise on artificially limited throughput) • Solution appears that exploits the demonstrated weakness to more efficiently address the original problem, cannot be countered by entrenched power structure because to do so would just result in implementation of the solution at 3. (hard fork provides new ledger with same economic information, but superior technical properties. Side effect of increasing the value of the economic information contained in the ledger because those who understand this increase their stake and those that don't exit. Works in the opposite direction too for genuinely bad hard forking decisions like say bitcoin gold, those that have no opinion completely unaffected with tokens on both chains). Electroneum ETN Mining With Laptop. • • • • • • •.