27/10 27/10 30/10 10/11 11/11 12/11 13/11 13/11
A B C D E X F G
BTC Hash 14.00 6.50 11.04 12.51 6.21 5.85 3.43 10.13
BCH Hash 0.46 3.26 1.08 0.80 3.80 5.11 6.84 0.92
BTC 5910 5866 6199 7198 6491 5402 5799 6257
BCH 360 351 464 863 1622 2863 1391 1188
BTC Diff 12.00 14.50 14.50 14.50 13.60 13.60 13.60 13.60
BCH Diff 0.67 0.67 2.70 1.13 1.30 1.30 5.22 5.22
1) H5N1 - B
7.5 EHash left BTC.
2.8 EHash migrated to BCH.
4.7 EHash left system
2) B - C
2.18 EHash moved from BCH to BTC
1.74 EHash returned
3.00 EHash nonetheless out
From H5N1 to C mining profitability is affected yesteryear difficulty adjustment only. BTC (B) too BCH (C). Prices were largely unaffected.
____________________________________
3) D - E ( BCH Price Push )
6.3 EHash left BTC
3.0 EHash migrated to BCH
1.0 EHash to a greater extent than left System
4.0 EHash inwards full directly withheld from system
4) D - due east - X ( Nov 12 Hash Rate Crossover )
0.3 EHash migrated from BTC to BCH leaving 5.85 EHash
1.0 EHash returned to mine BCH increasing to 5.11 EHash
3.0 EHash Still off the system
5) X - F ( Hash Rate Flipped )
2.42 EHash taken off BTC leaving entirely 3.43 EHash
1.73 EHash added to BCH to max of 6.84 EHash
Additional 1.0 EHash taken off system
6) F - G ( Hash Rate Returned )
6.0 EHash migrated dorsum to BTC too company was returned to the system
3.0 EHash nonetheless off the system
Bithumb servers went offline for several hours
On the eleven of Nov at that spot was a 100% toll displace inwards BCH from $863 to $1622 too a sell off of BTC from $7198 to $6491. This resulted inwards a "Black Swan" lawsuit driving the toll of BCH to a high of $2863 too BTC to a depression of $5402 at 6.00 am on 12 Nov (Bitfinex).
For yet unexplained reasons when BCH toll peaked at 6.00 am, Bithumb servers crashed. This took out close of the need out of the marketplace too sell line per unit of measurement area from the remaining exchanges was able to convey the toll of BCH downward to roughly $1400 yesteryear 10.00 am. All this spell Bithumb was off-line.
My estimate on what happened.
I believe nobody was prepared for this. It was a "Black Swan" event. Bitcoin markets are unregulated too at that spot are no trip machinery built in. More than probable the major players realised what a disaster this would live if the Bitcoin marketplace crashed too possibly fifty-fifty become to cipher every bit the hash charge per unit of measurement was speedily exiting the BTC chain.
The conclusion must direct keep been to "turn off" Bithumb servers to kill the demand. At the same fourth dimension they borrowed BCH on margins to sell BCH down. Those who bought at peak on Bithumb too were unable to liquidate lost large time. Many would direct keep been bankrupted. Still facing express divulge of lawsuits is improve than having the whole BTC marketplace collapse alongside full wealth transfer from BTC to BCH.
So nosotros directly direct keep a trip machinery inwards the crypto markets. We plough servers off. May this live a alert to all those who merchandise inwards this market.
BTC Recovery
Over the side yesteryear side few days the toll of BTC recovered too every bit of today fifteen Nov is over $7100. Here is the problem. How tin dismiss anybody seat money into a money that has a non existential possibility of going to cipher because it does non direct keep the protection of an Emergency Difficulty Adjuster (EDA) similar inwards BCH.
On compass of that it is practically useless because of extremely high fees too long confirmation times. I sent some BTC over 10 days agone alongside 0.0002 BTC inwards fees too that transaction is nonetheless inwards limbo. I tried to shipping $500 out of my Blockchain.info wallet alongside priority fees too the fees was calculated at over $200. This money has turned out to live a joke then why does anybody desire to back upward it?
Of course of report at that spot are 120 billion reasons that it must live supported. And intend of all the people who bought into BTC since 1 August. What tin dismiss nosotros tell these people if BTC went to cipher too BCH became the novel Bitcoin. Something has to live done. If the occupation is bad at $7000 how much worse at $10,000 or $100,000 per coin.
It is real simple. The money without EDA (BTC) cannot portion the same PoW algorithm every bit 1 alongside EDA (BCH) too await to live on without intervention. Another "Black Swan" lawsuit is simply roughly the corner. If nosotros desire to protect innocent people who direct keep purchased BTC since 1 August nosotros direct keep to hard fork EDA into BTC. This means both coins tin dismiss compete for mining hash mightiness on their respective merits.
Segwit2X Solution
It is possible that at that spot may live a solution circular the corner. In less than a 24-hour interval the "cancelled" Segwit2X volition activate. 3.0 Exa Hashes of mining mightiness is nonetheless unaccounted for too did non play a purpose inwards the concluding crisis.
What if Bitpico is existent too they actually produce command 30% of full hashpower. They could hard fork Segwit2X alongside EDA built inwards too this could supercede Segwit1X every bit the novel BTC. Segwit1X would of course of report expire without EDA inwards this tussle. This means all BTC holders are protected too both chains tin dismiss co-exist. The value betwixt BTC too BCH volition depend on their merits, usefulness too adoption. It also allows for orderly transfer of values betwixt the 2 chains.
Here is some other link that country Bitpico retracted. We are kept guessing.
WE SHALL SEE
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