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/biz/ - Business & Finance

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File: 3 KB, 216x113, icedragon_2020-05-11_20-49-23.png [View same] [iqdb] [saucenao] [google]
19022028 No.19022028 [Reply] [Original]

Where's block 630,001?

>> No.19022063

>>19022028
it's down. Just trade paper private keys for the rest of your life.

>> No.19022089

>>19022028
Gone for good, miners are qutting en masse

>> No.19022100

DEAD MAN SWITCH

>> No.19022124
File: 30 KB, 600x338, 02981e47033e9c1f-600x338.jpg [View same] [iqdb] [saucenao] [google]
19022124

>he doesn't know it's over for btc

>> No.19022154

Wow BTC is dead

>> No.19022158

Nobody wants to mine this shit anymore now that the hype is over and they get paid half than before.

>> No.19022180
File: 293 KB, 492x390, 2020-05-11_20-53-13.png [View same] [iqdb] [saucenao] [google]
19022180

>> No.19022199

So it's really dying

Crazy

>> No.19022210

>>19022028
Guys, i think this is actually the end of the line.

>> No.19022214
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19022214

i hope you keep your meme coins on an exchange op
might have to bump those fees up a 1000x or so

>> No.19022244

>>19022028
miners turned off their miners because it's no longer profitble

>> No.19022251

whatever, if bitcoin dies all of crypto will. the next block will come soon

>> No.19022255

>>19022210
>thread theme
https://www.youtube.com/watch?v=UMVjToYOjbM

>> No.19022261

lmao, is this yours guys first halvening?

>> No.19022275

>>19022028
the BTC devs exit scammed LOLOLOL! NO MORE BLOCKS FOR U

>> No.19022282
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19022282

>>19022028
where the FUCK are the miners!!!!!!!!!!!!!!!!

>> No.19022294
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19022294

>>19022261
yes

>> No.19022295

>blockchain ends with quads
nice

>> No.19022305

YOU FAGGOTS TOLD ME TO SELL 10MIN BEFORE HALVENING AND ITS PUMPING, FUUUCK GIVE ME BACK MY LINK

>> No.19022332

>>19022028
mass dumping to alts going on

>> No.19022336

So all transactions are halted now?

>> No.19022342

>>19022028
Why do we need more blocks?
Less btc == Higher prices
Limited supply and shiet

>> No.19022402

>>19022342
how the fuck do you think transactions happen retard?

>> No.19022422

>>19022305
Lol

Dude I swear all you have to do is the exact opposite of the majority and you'll win.

I should buy more Holochain

And Cardano

What else is hated here????? Fucking Stellar

>> No.19022442

>>19022402
what do you mean?
new here

>> No.19022445
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19022445

>> No.19022475

>>19022445
RIP BTC 5/11/20

>> No.19022490

>>19022442
just get the fuck out of here will you

>> No.19022498

>>19022442
btc is pow, every transaction needs confirmation from new blocks

>> No.19022512

>>19022445
yikes

>> No.19022515

it's fucking dead
there's a bug in the code obviously

>> No.19022532

It happened STFU doomers

>> No.19022536

>>19022422
Stupid faggot, Stellar is the only coin with a bright future.

>> No.19022544

>>19022445
It's literally over lmfao

>> No.19022546

JUST FOUND THE BLOCK 630,001

/THREAD

>> No.19022577

>>19022255
I had the daft punk version in mind:
https://www.youtube.com/watch?v=AHGvaQMClEo

>> No.19022579

>>19022546
1 block in 40 minutes, hash is disappearing

>> No.19022587
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19022587

>>19022028
JuSt uSe LiGhTnINg nEtWoRk bRo

>> No.19022597

>>19022546
omg somebody give them a reward

>> No.19022610

>>19022028
aAaAAaAaa

>> No.19022631

>>19022579
of course it's disappearing brainlets , until the difficulty adjustment it will go down.

>> No.19022654

>>19022515
nvm there it is

>> No.19022657

BTC profitability just dropped to 1/8th of what it was before.

40 minutes per block instead of 10 AND half the block reward.

BTC IS KILL NAO

>> No.19022719

>>19022657
shut the fuck up uneducated animal. you were never meant to open your vile repulsive mouth to other actual humans.
why do you feel entitled to do it?

>> No.19022736

>>19022442
Wow, you really have no business touching crypto.

>> No.19022764

>>19022305
Bruh in every thread i always encourage people to hodl.

>> No.19022767

>>19022657
it dropped 40%

>> No.19022782
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19022782

>>19022422
XRP is most hated coin in exostence and XLM cucks constsntly act smug about it. But, you do you i guess.

>> No.19022799

>>19022719
With 10 minute blocks it was 1 week until the difficulty adjustment. Except now it's 1 month lol. BTC is fucked now.

Mempool is going to get raped over the next 30 days too crashing nodes. It's ogre bitch. Move everything into BSV or at the very least cash.

>> No.19022823

>>19022577
Daft Punk is cringe, boomer.

>> No.19022898

Bitcoin will not work without block rewards, its finished. Undercutting and selfish mining will be much more probable when there is only transaction fees. And even if there is transaction fees, bitcoin will have to rely on donations to keep secure and running hahahahahah

>> No.19022906

>>19022799
it's 10 days retard.

>> No.19022924
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19022924

YoU aLl ArE sTupId!111!1!1!1

>> No.19022957

>>19022906
It was 7 days IF the blocks kept coming in at 10 minute intervals. Now they're coming in at 40 minutes each, so it'll take 4 times as long before the difficulty adjustment kicks in since it's based on a 2016 block interval.

>> No.19022977

>>19022028
https://www.blockchain.com/btc/block/00000000000000000004e772f5a00a5bb86cb74f3b35407e9256fdb0fb38a904

>> No.19022994

>>19022906
we're halfway throught the adjustment period, so even less

>> No.19023145

>>19022994
lurn2maths bitch

2016 blocks = 2 weeks (6 blocks per hour X 24 blocks = 144.per day. 14 (days) x 144 (blocks) = 2016

So you've got 1008 blocks to go until difficulty adjustment. Except it takes 40 minutes per block. That's 40320 minutes or 672 hours, or 28 days.

And because there's only 1 block every 40 minutes the fee's per transaction are going to shoot through the roof.

>> No.19023341

you brainlets one day will learn what 'average' means
https://www.blockchain.com/explorer?view=btc_blocks

>> No.19023362

>>19023145
>fee's per transaction are going to shoot through the roof
so high fees makes it more profitable to mine, thus reducing the time to adjustment

JUST AS PLANNED

>> No.19023406

>>19022028
>height 630000
blocklet

>> No.19023417

>>19023362
indeed block reward was +1btc in fees in last block and mempool isn't even particularly congested.

>> No.19023455

weired 630002 and 630003 was quicke

>> No.19023469

>>19022028
Talk to your therapist about your blatant faggotie

>> No.19023507

>>19023341
>what 'average' means
It means that whenever I make a BTC transaction with high fees, the next block always takes at least 30 minutes. Reliably.

But this time it wasn't my fault, I swear.

>> No.19023536

>>19023507
no it means that the next block is in 0.1 minutes to 2 hours usually.

>> No.19023696

>>19023362
The only on chain transactions that people are willing to pay those fees for will be to send large amounts of BTC to exchanges to dump, dropping the price and fucking up the profitability even further.
BTC is dead and we all witnessed it today.

>> No.19023714

>>19023696
of course... now go to bed you weak handed faggot you will not make it anyhow!

>> No.19023805
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19023805

>>19023696

>> No.19023835

>>19023714
> implying I still have BTC and didn't triple my fiat holdings by converting it into BCH
> implying that I still have BCH and didn't further increase my holdings by converting it into BSV
> implying I'm not stiff as fuck right now for the coming shitstorm

>> No.19023882

It's already at 630005...

>> No.19023941

>>19022028
Chain broke

>> No.19023978

can someone explain why 2 blocks were found at the same time and now everything is going well

>> No.19024010
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19024010

It's over

>> No.19024104

>>19023978
It's not a solid 10 minute block interval, it's a target with variance but on average, block times will be 10 minutes. So some times you'll not get a block for over an hour, other times you'll get 3 within a few minutes. As time goes on we'll get a better idea of what the real block time is now that many noncompetitive miners are leaving the network.

>> No.19024165

>>19023978
see
>>19023341
>>19023536

>> No.19024191

>>19024104
>>19024165
Thanks

>> No.19024206

Say goodbye to decentralization. All the small and medium miners gonna quit. This is a shakeout that only leaves China and a few other players.

>> No.19024219

lmao, 630005 is there. Everything is normal. Once things cool off after a few days, uncertainly is gone. Time to pump.

>> No.19024261

>>19022442
B A S E D
A
S
E
D

>> No.19024288

>>19024219
7:10am here in Aus. Chinks haven't woken up to their unprofitable mines yet.

>> No.19024315

>>19022124
Based /asp/

>> No.19024366

>>19022823
Found the virgin

>> No.19024487

>>19024219
9 now

>> No.19024528

>>19024487
no block for half an hour then 4 blocks within 3 minutes
like i said >>19023341

>> No.19024568

>>19022442
>all these fags telling you to leave
you are unironically a based individual

>> No.19024617

>>19024288
Yeah because they totally didn't expect this would happen? It's never happened before! Who could've predicted something crazy like the halvening!

>> No.19024812

>>19024617
no chink would ever stay up for this!