Bitcoin Users Vent Frustration as Hashrate Drops 50 Perce. Bitcoin (BTC) users are complaining of slow and expensive transactions as a 50 percent loss of hash rate brings the network to a standstill.
Data from Blockchain.info flagged by trader SatoSqueeze shows a halving of BTC hash rate from 8,000 to 4,000 petahash in just four days. “That explains most of the unconfirmed transactions,” the user adds. Multiple reports of BTC transactions taking hours or days to confirm are surfacing on social media. The pattern is reminiscent of the network congestion of previous months when Bitcoin’s mempool expanded to record highs.
This time, however, the delays are due to lack of power in the face of competition from Bitcoin Cash (BCH), which is luring miners with significantly greater rewards.
Commentators have criticized BCH for undermining the BTC network in an issue which continues to present intense debate. The latest problems for BTC are translating into higher fees as well as waiting times for users meanwhile, with the most recent recommended fee rate from 21.co at 450 satoshis per byte.
This rate is four times higher than the recommended rate just weeks ago and matches that at the height of the mempool crisis in May and June. Join the chat: https://t.me/bitcoin_fo #coin#working#cryptos#korea#crypto#money#bitcoin#bitcoins#bitcoinnews#bitcoininfo#trends#ethereum#trend#poloniex#blockchain#exchang#world#trump#mininglife#miners#segwit#analytics#up#japan#usa#wallet#england#telegram
When you surround yourself with beautiful (positive and open) minds, you will feel much more inspired and free. If you do have to deal with negative minds, keep your contact to a minimum and protect that positive energy of yours by not participating in whatever drama they are trying to create.
Don’t forget that your surroundings include real people of course but the online world also has an effect on us. Watch what type of content you expose yourself too, who you follow (gossiping complaining people or positive ones) and try to find individuals and sites that allow you to grow as a person.
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So we had an XM, and now it's time for the Classic, Flying DS from the Utada Hikaru video clip. Enjoy this little "teaser"! Full version available on YouTube: https://tinyurl.com/y8qlgv63