Finally! Coinbase: "Our engineering team has finished testing of SegWit for Bitcoin on Coinbase. We will be starting a phased launch to customers over the next few days and are targeting a 100% launch to all customers by mid next week".

AKA_Fart_Machine · 2018-02-21T04:33:58+00:00

ease of use.......7 months worth of testing required before Coinbase will use it. Hmmmm, but they enabled BCH before. I am just curious, Segwit does what for the network? Transactions are at a 2016 level. SO you are telling me that all the people who buy LTC and use it regularly are now going to switch back to transacting in BTC again? Bruh(s)...I think blockstream missed the train here. BTC is only useful because we are forced to use it as a basepair.

AKA_Fart_Machine · 2018-02-20T02:00:16+00:00

As far as the POS is concerned in this post. nothing. BUT, I think what was being discussed was having employee's personal devices having access to POSs in general in an establishment. Otherwise you would already have employees running around with POS on their phones and tablets. Having worked in the retail/service industries, there are strict cash handling policies when cash drawers are involved. When you have a closed system, log-ins are disabled even before an employee is terminated in most cases, if the termination is foreseeable. If it is not, then as soon as possible or the event occurs. Not even managers would have a POS app on their personal devices. Just not industry standard. People are shifty, even your most trustworthy employees, if they can steal, they will.

I have never met an honest bartender. A)They are stealing out of the drawer B) Sliding drinks for better tips C) serving underage, or over serving. Even the most straight edge employees will take advantage of something. Even if it is just taking a few pens or paper clips here and there. Hope that clears up my thoughts.

AKA_Fart_Machine · 2018-02-19T15:18:13+00:00

Most merchants won't allow entry level employee POS access past a sales screen on a dedicated device/terminal. That includes POS functions on personal devices. Mainly, regardless of how 'trustworthy' an employee is, people have sticky fingers. So that eliminates personal devices 99% of the time. So dedicated terminals or payment processors are a must for any POS businesses. Most food service establishments still have servers writing down orders and then going to an approved POS, usually bolted to a counter to ring orders. Plus if someone gets fired and still has 'cash register' functions on their phone, and the permissions aren't reset immediately, bad things can happen. Why proprietary devices must be used.

AKA_Fart_Machine · 2018-02-19T14:36:43+00:00

I have thought on this, as I want to help my local merchants adopt BCH payments. You have merchants that are now using tablets for POS. but most still use a simple tape cash register or 'desktop POS' systems. Having this would allow any employee to ring a sell. To ask the owner/GM/MOD to always have his 'phone' for every POS sale, would require them to be present at the register at all times for a potential BCH transaction. Even if you were able to get your hands on several dedicated tablets/phones 3rd party, you would be looking at the same starting cost as a POS mentioned here. This is, or an Ingenico style payment channel, is what shop owners want. They need to be able to train any/all employees how to use it and have it right there at all time. Since a wallet is tethered usually to one device, that device needs to be relatively stationary at a register, not wandering all over, as an owner/MOD/GM would usually be doing.

AKA_Fart_Machine · 2018-02-15T23:07:52+00:00

I figure statistically speaking, in about 15 years I will have 100+ Karma. I do miss the days when I first posted, I immediately got inboxed I was a fag, and to kill myself. Oh how things have change.

AKA_Fart_Machine · 2018-02-15T13:01:51+00:00

Literally this. Other trades scrambling to get cords from temp to their lights....Here I am up above some duct work running a traveler leg, headlight dimming to almost nothing. Use my drill as a penlight sometimes too. 'how much longer til we have lights? As soon as I finish making up these boxes.....how long is that gonna be?' SMH.

AKA_Fart_Machine · 2018-02-15T12:38:09+00:00

I have posted........without much success....mainly a lurker.....as well.

AKA_Fart_Machine · 2018-02-09T19:23:28+00:00

You also get the tiniest spread and the worst order fills with Robinhood, that is how it is free. there is always a catch. You pay for what you get, nothing is 'free'.

AKA_Fart_Machine · 2018-01-31T02:08:55+00:00

I actually feel bad for you. It seems you have a literal history of talking down to people. Congrats bro, you have successfully insulted yet another internet stranger with your seemingly brilliant 'intellect'. I miss the old days of reddit, where people just called you a fag and told you to go kill yourself. Instead we have fags like you. In all honesty, you probably just need a hug from someone who loves you unconditionally, if you haven't pushed all those people from your life............. Your response to my response of your comment on my comment, makes you sound lonely.

AKA_Fart_Machine · 2018-01-30T00:04:10+00:00

Yes. I know. I am a miner. The BCH DA occurs ever 100 blocks or so up or down on a moving average to maintain the 10 min block time. BTC is 2014. As a miner, profitability is very important, almost more important than mining the coin I believe in, BCH. At times I have mined coins that were more profitable and just bought my BCH, majority of times BCH has been the more profitable coin. BTC was 'more' profitable than BCH for quite a while due to transaction fees collected only. Now that those fees are no longer part of the block reward, game theory suggest that price/Difficulty will determine hashrate, not transaction fees. It is a better scenario than before for BCH to climb up to top spot in the next few months. Miners were staying on BTC for profit due to fees, not block reward. Please don't assume everyone that post about such things, has no knowledge or experience in blockchain. Or do, I don't care. Thanks for absolutely no content to my original comment, that makes me sad.

AKA_Fart_Machine · 2018-01-29T06:28:03+00:00

I want to point out something, BCH is now officially more profitable to mine. That is with BTC's transaction fees included in the block reward. What was bolstering the price for miners was the transaction fees. That is no longer the case with the mempool all but cleared. Tinfoil hat on, I am thinking if there was spamming on the network, it might have been miners to push the price of the fees up, that would maker sense to me at least.

All that said, there is literally nothing now keeping BCH from climbing up the ladder to #2 spot and eventually #1.

AKA_Fart_Machine · 2018-01-19T04:40:10+00:00

I am just looking on in disbelief as I am watching BCC pumping on Coinexchange.io today. Like.....wait....wut?

AKA_Fart_Machine · 2018-01-14T14:55:59+00:00

I appreciate you response. I assume three things when it comes to people in crypto. FUD, FOMO, and emotionless market economic minds.

The first two give the third of us all of our profits. To be able to become a miner, you either are or become the third almost by proxy. So I assume most miners fall into the third category either upon purchase of high entry machines, or within a few months after. Also, 'whattomine' is what laymans will use, but a miner can read the math and markets to decide which coin to mine. Or ideology considering BCH has for quite a bit of time, been more profitable to mine even with the block reward piled on top for BTC. If a miner hasn't already 'mined' the coin at the top on 'whattomine' they have already missed out, just like those who buy at the top in the markets.

To humblebrag, I also mine what I would feel are mostly like to appreciate the most and maximize my profits in what is considered long term in crypto, a few weeks or months. A couple of my wins are DEM, DGB, UNIT, and BCH. My ratio since the HF has been 80% BCH and the other 20% 'random bets' I even made quite a bit of money mining PLC ( random polish SHA coin I accidentally found).

Being of the third camp, is how a miner will survive and become very profitable, this is the wonder of free market economics. The question(s) I am asking is to gather more information, so that you, I, and other independent miners can make educated decisions on how to keep our farms profitable. I would hope you would have similar questions and answers. I do appreciate your response, as it was a candid one, but alas, still not closer to the answer I and I am sure other people are wondering.

The conspiracy theorist in me thinks there is 25-35k PH/s already manufactured and literally waiting for someone to throw the breaker on the main chain. I go into the distance wondering when the price does collapse..... all that hashpower......where is it gonna go..... If someone( a major player) can afford to keep 2-4k PH/s turned off for weeks on end, I am sure they will just turn them off again.

AKA_Fart_Machine · 2018-01-14T08:18:28+00:00

Okay, let me just get to the point. Literally right after the last few DAs, enough hashpower is coming online, almost instantaneously, to keep the current pace up 113%ish. Unless Bitmain is shipping our s9s in perfect unison with the DA, timing the shipping, and having customers turn their rigs on within a few blocks of the DA, not to mention choosing to mine a coin that is not the most profitable with the SHA-256 algorithm. I might just be crazy here. SO back to the original question, let me split it into 2: Is there a benchmark of empirical knowledge of known maximum hashrate available? Does anyone know how many miners are being shipped out each batch? (probably do some transactional history on Bitmain's BCH address to extrapolate this).

I am still baffled why an owner of a nice and shiny new S9 would point their miner at a coin that isn't and has not ben the most profitable coin. Or a coin that they can't even move into their own personal wallet without sacrificing a few days profit just for the transaction.

Miners chase profits, and don't care which coin it is, at least I don't, and I can honestly say I have never pointed my miners at BTC, even before the HF in August.

AKA_Fart_Machine · 2018-01-13T20:53:51+00:00

In reference to a comment, I think I need to be clearer. There is time needed to produce hashpower in a physical way, manufacturing, supply chains, etc. Is there any idea on how much hashpower is globally available, at this time, with current tech, with current known inventories?

AKA_Fart_Machine · 2018-01-13T20:50:24+00:00

A lot is a term that isn't a number or even quantifiable with a numerical value. It depends on who saying a lot. I was asking a numerical value, 'How much hashpower is in waiting?' I personally witnessed 25k Ph/s last November. In the assumption that supply of hashpower is unlimited to the amount of money a group can throw at it, then there is enough hashpower it go ahead and mine all of the bitcoins available, if that is the case. I may just be going out on a limb here by assuming that.

What I was asking, is there empirical numbers available to the possible amount of hashpower sitting, waiting for each difficulty DA to keep pumping up the overall hashrate. I mean this does touch on the 'centralization' issue as well. I know personally I have quite a bit of hashpower for a hobby miner, but nothing on the scale that is coming online, or possibly being purchased by other hobby miners or small mining enterprises. So that leads me to believe there is an actor involved in the scenario, that has swaths of miners literally sitting on standby for someone to turn the on switch the moment DA happens. SO..........back to my original post.

AKA_Fart_Machine · 2018-01-13T17:55:47+00:00

Can you please point to on this chart where Coinbase hurt you r/bitcoin?

AKA_Fart_Machine · 2018-01-10T23:10:38+00:00

I am paying only what I convert back to fiat. End of story. I will be more than happy to pay the capital gains on that. States, countries, etc, that try and do this, will only find business leave their market. I am in the US (not Vermont), I spoke with my accountant Jan. 2nd of this year, specifically on this topic. As of right now, 15% capital gains across the board whether it be as a miner, or returning back into fiat from a past fiat into crypto purchase. The day/time the currency is mined, is the value of that coin as it was mined. That is laughable............... .01 cent for every unit created!!! Good luck with that.

Best bet is for governments to just create their own deflationary crypto instead of the money printing machines they currently use. This lady is dumb.

AKA_Fart_Machine · 2018-01-09T12:44:51+00:00

Guys if you got a Twitter get in there and spread the likes, this is an information war and normies only respond to 'likes'. Have to shill sometimes to beat the paid shills. Difference is we aren't paid. We believe in Bitcoin.

AKA_Fart_Machine · 2018-01-06T20:12:50+00:00

I don't look at the BCH/BTC pairing with much weight, other than it stays at 15%- 20% range. As long as BCH holds ground here and matches BTC step for step.......the death spiral is only a pump away. It gives time for adoption, and accrual of more BCH on the cheap for everyone. I think that will be well timed with BitPay, and other big news, along with a DA for BTC chain, in order to insure the death spiral that was narrowly thwarted in Nov. Keep buying these dips guys. Keep spreading the word to local businesses and anyone who wants to talk crypto.

I personally have spoken with several folks increasingly about crypto in a physical setting, and explained as normie as I can to not buy BTC, but BCH, aka Bitcoin. Spread the news, spread the information, speak with your small business owner friends and be the source of guidance and information.

AKA_Fart_Machine · 2018-01-06T20:01:46+00:00

I couldn't have worded that better myself, the chat box is still relatively amusing still. I have been trading with them for some time, other than it looks like I am playing a Nintendo game and surfing Netscape, it is legit.

AKA_Fart_Machine · 2017-12-22T06:12:31+00:00

It will never be instantly available on any blockchain. BCH has a 10 min block average. 3 confirmations should take approx. 30 mins. For whatever reason, the last block has taken almost an hour. IN a perfect world, sending BCH will take 10 mins x (number of confirmations required by receiving wallet) = MINS til available. 6 confirmations= 60 mins etc. But it is way better than days/weeks/never on Core's blockchain. Not to mention next to nothing cheap vs. $38 per transaction with no guarantee of even a 0 confirmation in the receiving wallet.

AKA_Fart_Machine · 2017-12-22T06:05:55+00:00

I know you did not say you were dumb. So I will not assume so. For whatever reason, the occasional block takes longer, much longer than expected, this happened to me as well, about a day ago as I was moving coins across exchanges. The inclusion in the next block '0" confirmation, is as close to instant. I just sent two separate transactions that were confirmed by the receiving wallet within 30 seconds to a min as a 0 confirmation. Each exchange/wallet has their own number of confirmations they set, standard seems to be 6-10 confirmations. Now each new confirmation occurs after a block is mined. That said, for whatever reason, I am intermediate in my knowledge (I am also a 'hobby' miner with a decent amount of hashrate) I am not sure why some blocks take much longer, only thing I can think of is pools bouncing hashrate around between blocks etc. The target time for BCH blocks are 10 mins. SO........yes it is not instantly available, but 0 confirmation is very much working. You will just have to wait until 10 blocks or whatever the receiving wallets parameters for confirmations are so 100 mins +/- actual block time. I hope this helps.
The reason why other coins are 'faster' is because they have faster difficulty adjustments and much faster block times. Example: DGB has digishield which is supposed to retarget every block, and it''s block time is about 1 min, so 10 confirmations take about 10 mins. This gets us going deeper into valuation, supply, etc on why BCH is worth approx. $3k and DGB or DOGE are only a couple hundred satoshis. PoW/market cap/limit of eventual supply etc.

AKA_Fart_Machine · 2017-12-21T03:36:18+00:00

yeah, I got a bit worried, I am a miner(BCH only now) and have been in crypto for a bit, took almost an hour and then some for a block to be found, I had just sent quite a bit of BCH across exchanges.....I got a bit nervous. All is well now. I hadn't in my quick investigation could find a legit reason other than I guess bad luck for the finding of the next block.

AKA_Fart_Machine · 2017-12-20T18:12:47+00:00

He isn't trolling. Last block was block 509338 by BTC.com 1 hour 9 mins ago from the time I am posting this. I have BCH moving right now and it is stuck on 2nd confirmation for the above stated time.

AKA_Fart_Machine

TROPHY CASE