Bitcoin Cash BCH Mining Rig Wiki

How to mine Bitcoin Cash (BCH. Gpu mining set-up rig using RX-570 / RX 580 i bet that this setup is not profitable anymore because most sha-256 mining rigs. Dec 1, 2016 - Cointelegraph looks into main aspects you need to consider before setting up your own Bitcoin mining farm. News Cointelegraph. To get rough information on hash rates for different hardware you can consult the Bitcoin Wiki's Mining Hardware Comparison page. When setting up to mine Bitcoin, bear.

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. • No begging for bitcoin.

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Number of transactions per month The bitcoin scalability problem refers to the limits on the amount of transactions the can process. It is a consequence of the fact that records (known as blocks) in the are limited in size and frequency. Bitcoin's blocks include the transactions on the.: ch. 2 The transaction processing capacity of the bitcoin network is limited by the average block creation time of 10 minutes and the block size limit.

These jointly constrain the network's throughput. The transaction processing capacity maximum is estimated between 3.3 and 7 transactions per second. There are various proposed and activated solutions to address this issue. Part of this section is from. How To Become A Miner In ZClassic ZCL.

( ) Dealing with scalability problems requires making changes to the technical workings of bitcoin, in a process known as a fork. Forks can be grouped into two types: Hard fork [ ] A hard fork occurs when a blockchain splits into two incompatible separate chains. This is a consequence of the use of two incompatible sets of rules trying to govern the system. For example, has hard-forked to 'make whole' the investors in, which had been hacked by exploiting a vulnerability in its code. In 2014 the community was asked to consider a hard fork that would have led to a rollback of the blockchain records to mitigate the effects of a theft of 50 million NXT from a major cryptocurrency exchange. The hard fork proposal was rejected, and some of the funds were recovered after negotiations and ransom payment. And are examples of hard forks of bitcoin.

And both supported an increase to the maximum block size through a hard fork. Supports a variable block size limit, which may result in a hard fork. Soft fork [ ] In contrast to a hard fork, a soft fork is a change of rules that creates blocks recognized as valid by the old software, i.e. A soft fork can also split the network when non-upgraded software creates blocks not considered valid by the new rules. A user-activated soft fork (UASF) is a controversial idea that explores how to perform a blockchain upgrade that is not supported by those who provide the network's hashing power. Is an example of a soft fork. Proposed scaling solutions [ ] Various proposals for scaling bitcoin have been presented.

In 2015, BIP 100 by Jeff Garzik and BIP 101 by Gavin Andresen were introduced. By mid-2015, some developers were supporting a block size limit of as high as eight megabytes. • was proposed in 2015 to increase the transaction processing capacity of bitcoin by increasing the block size limit. • was proposed in 2016 to increase the transaction processing capacity of bitcoin by increasing the block size limit. • 'The Hong Kong Agreement' was a 2016 agreement of some miners and developers, colloquially termed 'The Hong Kong Agreement,' that contained a timetable that would see both the activation of the Segregated Witness (SegWit) proposal established in December 2015 by Bitcoin Core developers, and the development of a block size limit increased to 2 MB.

However, both timelines were missed. • was a proposed hard fork of the cryptocurrency bitcoin. The implementation of Segregated Witness in August 2017 was only the first half of the so-called 'New York Agreement' by which those who wanted to increase effective block size by SegWit compromised with those who wanted to increase block size by a hard fork to a larger block size. The second half of SegWit2x involved a hard fork in November 2017 to increase the blocksize to 2 megabytes. On November 8, 2017 the developers of SegWit2x announced that the hard fork planned for around November 16, 2017 was canceled for the time being due to a lack of consensus.

• advocates for miner flexibility to increase the block size limit and is supported by mining pools ViaBTC, AntPool, investor Roger Ver and Bitcoin Unlimited chief scientist Peter Rizun. Bitcoin Unlimited's proposal is different from Bitcoin Core in that the block size parameter is not hard-coded, and rather the nodes and miners flag support for the size that they want, using an idea they refer to as 'emergent consensus.' Those behind Bitcoin Unlimited proposal argue that from an ideological standpoint the miners should decide about the scaling solution since they are the ones whose hardware secure the network.

• BIP148 was a proposal that has been referred to as a User Activated Soft Fork (UASF) or a 'populist uprising.' It was planned to be triggered on 1 August 2017, and it sought to force miners to activate Segregated Witness. It became unnecessary because miners opted to vote for SegWit activation using the BIP91 scheme. • have been proposed as a scaling solution by Blockstream's Peter Wuille. • A paper by enables signature aggregation in O(1) size, which means that it will not take more space to have multiple signers.

Bellare-Neven reduces to Schnorr for a single key. Bellare-Neven has been implemented. Activated scaling proposals [ ] Segregated Witness [ ]. Main article: (SegWit) is an example of a soft fork. Co-founder and developer Pieter Wuille proposed Segregated Witness in December 2015. SegWit is an update aimed at solving, a known weakness in bitcoin's security. Segregated Witness is a system by which the signature data is segregated from other transaction data.

Segregated Witness has been proposed as a solution for scaling, and has impacts in two ways. Segregated witness makes a number of changes to the protocol. It changes how data is stored in each bitcoin block. SegWit provides a boost in transaction capacity while remaining compatible with earlier versions of bitcoin software. It fixes transaction malleability that has been a roadblock for other bitcoin projects. SegWit allows for an easier implementation of the.

Layer 2 proposals [ ] Solutions such as the lightning network and Tumblebit have been proposed to operate on top of the bitcoin network to allow payments to be effected that are not immediately put on the blockchain. Lightning Network [ ]. Main article: The is an in-development project that aims to fix the bitcoin scalability. Lightning Network will require putting a funding transaction on the blockchain to open a channel.

Payment provider Bitrefill tweeted in December 2017 claiming it was the first lightning transaction operating on the bitcoin network. In January 2018 launched a payment processing system for web retailers called 'Lightning Charge,' and noted that lightning was live on mainnet with 200 nodes operating as of January 27, 2018, and advised it should still be considered 'in testing.' See also [ ] • • References [ ]. • Hayes, Adam (18 October 2016).. Retrieved 18 January 2017.

Antonopoulos (April 2014). Mastering Bitcoin. Unlocking Digital Crypto-Currencies.

O'Reilly Media.. • Croman, Kyle; Eyal, Ittay (2016). Retrieved December 10, 2017. The maximum throughput is the maximum rate at which the blockchain can confirm transactions. Today, Bitcoin’s maximum throughput is 3.3–7 transactions/sec [1]. This number is constrained by the maximum block size and the inter-block time.

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