Bitcoin Cash Leading Dev Announces Bitcoin ABC is "Moving ...

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TL;DR: Noted Bitcoin mining veteran and longtime developer Jonathan Toomim recently proposed a change in the difficulty adjustment algorithm (DAA) for Bitcoin Cash (BCH). It, in turn, spawned new rounds of debate about DAA, the culture of BCH, and how best to move the project forward.And, at least one faction is set to hold a developers meeting this week in hopes of fleshing out the issues ... The controversy really heated up after the Bitcoin ABC development team decided to adopt Jonathan Toomim ... Bitcoin cash miners mining with a non-ABC client include Huobi, Binance, Bitcoin.com ... TL;DR: Amaury Séchet, lead developer for Bitcoin Cash (BCH) protocol implementation Bitcoin ABC, announced his team is “moving forward with the Grasberg DAA.” It’s an answer to increasing levels of discussion and debate regarding the DAA (difficulty adjustment algorithm) in recent weeks, notably led by Bitcoin mining veteran and longtime developer Jonathan Toomim and his proposed change. According to Bitcoin miner Jonathan Toomim, mining BTC is around 10% more profitable during these BCH ‘dry spells’ and BTC.TOP has been mining at a loss to reduce these long validation times. His estimates suggest that they have lost around $16,400 already and are en route to losing $20,000 this month. Toomim also reported how this behavior had only started this month and that prior to ... During the last few days, discussions concerning the Bitcoin Cash Difficulty Adjustment Algorithm (DAA) has become a polarizing debate. In the midst of all the quarreling, Viabtc’s founder Haipo Yang has announced a new fork of BCH called Bitcoin Cat. News.Bitcoin.com recently reported on the arguments concerning the Bitcoin Cash DAA. [8:08] https://toom.im Toomim Bros. Bitcoin Mining Concern Toomim Bros. provides hosting for bitcoin mining. Our mining center is powered by some of the most wallet- and climate-friendly power in the world. eric-ledger [8:08 AM] meltdown Bitcoin Classic is a hard fork block size increase proposal drafted led by Jonathan Toomim. The proposal to increase the block size immediately by 2 megabytes is currently supported by Bitcoin Core developers including Gavin Andresen and Jeff Garzik, who previously suggested a Bitcoin Improvement Proposal to increase the block size by 2 megabytes. Bitcoin adjusts the mining difficulty parameter every 2016 blocks, but on August 1, 2017, Bitcoin Cash added an Emergency Difficulty Adjustment (EDA) algorithm that ran alongside the DAA. ABC eventually decided to include Jonathan Toomim’s “Aserti3-2d” (ASERT) DAA algorithm over its initially-preferred “Grasberg” which avoided a hard fork over that issue. But it then poured a different can of gasoline into the BCH dumpster fire by implementing the IFP. Bitcoin (BSV) since February 2020 has a “set in stone” protocol in which fundamental rules, like economic ... Developer and mining expert Jonathan Toomim took on the issue of BCH difficulty adjustment algorithm. He was careful to note not seeing “any evidence of DAA manipulation” by mining pools and the subject of oscillation as is often alleged. “All of the problems I see in BCH’s hashrate appear to be intrinsic to the DAA’s behavior with naive rational mining strategies. But yes, it should ...

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