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So I head out for the day & return to see a message signed from early Bitcoin miner addresses. It calls CSW a fraud 😱, says LN is an achievement 🤣 & finishes with ‘we are all Satoshi’ 🤦♂️
Thanks for the laugh after a long day! BTW #BSV is #Bitcoin 😉
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twetch#622 6.4y
Listening now to the Numpties, with Roger Ver...
https://www.youtube.com/watch?v=xrnwlCQ-l9o&feature=emb_logo
Paused at 54:26, after Steve talks about building then changing the law (as an oversimplification/paraphrasing)... Thoughts to come:
Great Bitstocks interview with Stephan Nilsson CEO of UNISOT. #Bitcoin #BSV https://www.youtube.com/watch?v=54tPty4Q6_c
The beautiful NC35. Stunning bike. There's a few around where I live. Mainly collectors, but you see a few about the roads in the summer during road racing season. £6-7k minimum for a good one. More NC30's about & you can get them for about £3.5-4k.
Fuck if only. You got a spare £125k 😂 That weapon would kill you!
Even the 250’s are hard to come by now and you ain’t getting a good one for cheap. But yeah £7K is a bit more feasible than north of a 100k 🤣
Would love to get my hands on a nice Aprilia RS250, Honda NSR250 or a Suzuki RGV250. They’ve increased in value over the past few years anyway. Same as some rarer cars.
You thinking of grabbing a classic 2 stroke Randy? Or you got one already?
#BTC hashrate has went from roughly 157 EH/s on 11th May to roughly 78 EH/s today. Starting to get very interesting now. Estimated difficulty adjustment is -4.7 % now.
https://www.coinwarz.com/mining/bitcoin/hashrate-chart
https://diff.cryptothis.com/
twetch#622 6.4y
Looks like BTC miners are starting to really pull back now.
It will be interesting to see what happens as difficulty adjusts.
#BTC folks explaining what they believe to be #Bitcoin to J. K. Rowling on Twitter is hilarious. It's the blind leading the blind.
It gets even better when they respond to a fake account thinking it's her 😂
Twitter at its best! 🤣 Epic stuff!
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twetch#3375 6.4y
If you waste time arguing with idiots from BTC about whether BSV is any good you're actually making it look like a shitcoin. People with better money have better things to do than prove to cult members that it's good!!!
At 0.5 sat/byte txs fee #BSV needs roughly 4.46 million transactions (280 byte per txs) per block to equal the block subsidy of 6.25 BSV. So about 642 million standard size txs per day to generate 6.25 BSV per block in fees.
#Bitcoin can handle this.
Considering these are mainly all transactions at 0.25 sat/b they still pulled in 0.94 BSV for this block on top of the block subsidy. If these had been at the standard 0.5 sat/b (280 byte txs average) it would have generated roughly 1.85 BSV in fees.
Yep. We know it can handle it now by looking at the STN. We just need usage to increase now to generate those txs on main-net. EHR & other enterprises will help massively with this. And hopefully Twetch & other apps take off. Memento looks interesting too.
The most impressive thing imo about the latest world record block on #Bitcoin #BSV was the total fees TAAL received for processing the transactions.
Size: 369MB, Txs: 1,324,314, Fees: 0.94044726 BSV
https://whatsonchain.com/block-height/635141
👇 much needed. Plus a photo feed 🙏 (Memento is coming ⏳ ) @852 @4 @3 @1
I like the idea of 1 social app that does it all, instead of having to use 2 or 3, giving me control of my data! Fuck FB, fuck twitter & fuck instagram!
twetch#75 6.4y
When transaction processor deal so you can Twetch hi res images for super cheap
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twetch#200 6.4y
When the average block size is between 1-2gb, fees will have successfully replaced the subsidy. That's when we really win! Until then, BSV is only a "big block" chain when compared to all the losers.
So, that's your benchmark, people. Go get it!
Boom. Now that's what I'm talking about!
#Bitcoin #BSV main-net RECORD!
Block #634643
Transactions: 1,178,322
Total Fees: 0.78867581 BSV
309MB
https://whatsonchain.com/block-height/634643
Okay TAAL just mined a #Bitcoin #BSV block containing transactions at 0.25 sat/b. Now pop out some decent size blocks & show these small blockers how it's done!
https://whatsonchain.com/tx/14566ca5ddf0774b90539304baaeca1f26d7e89cb7f793df8642c8ffdaa6415d
Looks like #BSV had an influx of 1 meg hash just going for the subsidy. Big surprise, NOT! BSV miners unwilling to mine at 0.25 sat/b 🤷♂️ You can’t process txs if you don’t have majority hash willing to do so! 1 meg hash will just snap up subsidy! 🤦♂️
So there’s over 1 GB in the #Bitcoin #BSV mempool right now, over 850k transactions. Where’s all the big block miners!! Time to make a statement. Who’s going to grab all the txs fees that are 0.25 sat/b 🤔
I’m guessing @mempool_com
www.whatsonchain.com
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twetch#622 6.4y
~165.5MB in confirmed transactions on BSV mainnet in the last 28 minutes totaling ~657,600 transactions.
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twetch#622 6.4y
BSV has an actual fee market developing as we speak.
Some firms (ViaBTC) are capping to 1MB.
Some firms are capping based on a minimum fee (TAAL)
Some firms are taking as many transactions as they can (Mempool)
May the odds be ever in your favor, miners.
Yep short term gain they seem to be going for. Sad to see tbh. They were doing 8mb blocks fairly consistently a while back, not sure if they went higher than that though. 🤞 we see txs volume increase massively forcing them to alter course.
It’s great to see a txs fee market form. We just need massive volume now to push it further. 6.25 is still a high subsidy. But at a point they will be forced to snap up fees too. When this occurs & how long it takes is the interesting part.
Of course it’s a market. But right now ViaBTC are leaving fees on the table at 0.25 sat/b while mining others at the same rate (WeatherSV). They have clearly capped their block size to 1 mb. 🤷♂️ Why 🤔
We now get to see the intentions of the people who own the hash 😉 Unless we see some tether magic in the next 24-48 hours expect to see BTC hash fall off a cliff leaving less hash mining the same difficulty, less blocks, 3/4 an hour until next adjustment.
Under 24 hours until #BTC halving 🙂
How much of that 141 EH/s is going to mine for half the revenue 🤔
Difficulty doesn't adjust until 18th May 😱
Who owns all that hash 🤔 Where will it go 🤔 Turn off or mine #Bitcoin again 😉 #BSV
Exciting times!
It was always going to be Mempool who grabbed these txs. 🙂
Other miners need to step it up when it comes to bigger blocks.
68mb 229,247 txs 👍#Bitcoin #BSV
https://whatsonchain.com/block-height/634306
Imagine thinking that a 90mb #Bitcoin block is small. Well it is! The days of dealing in MB blocks are coming to an end. If miners are not prepared to mine GB & TB blocks moving forward they will not survive. Millions of low txs fees replace subsidy! #BSV