This is what's happening. Bitcoin Cash is almost as profitable to mine as Bitcoin Segwit. You can track the progress at this website. When we hit "profit parity," which we did for a bit today, there is no monetary advantage for miners to support Segwit.
https://cash.coin.dance/blocks/profitability
The Segwit faction has hijacked the Bitcoin name. There are likely to be some miner holdouts, but I believe that miners will start pouring over into Bitcoin Cash soon, and Bitcoin Segwit is likely to go into a "chain death spiral" as more miners leave for BCH, bogging down BTC and making it nearly impossible for them to mine enough blocks to reach the next difficulty adjustment. Here's a great blog that I found tonight that shares this information:
http://bitcoinandtheblockchain.blogspot.ch/
Do your research, the information is out there already and you don't have to wait for anyone's private stash of knowledge.
Totally agree. Great blog link,thanks!
You are welcome. Spread the word....there's a huge disinformation and censorship campaign going on as corporate interests try to centralize Bitcoin under their command. This is a true test for Satoshi's vision and I believe that the people will recognize the worthy coin and throw support behind that, corporations be damned!
I bought a bunch at $300 and then was waiting for a good dip before this weekend to buy more, but I guess I'm going to be paying the inflated rate today, :( I'm going all in Bitcoin Cash. :D
Same here, took advantage of those prices myself and then went almost all in last night on Bitcoin Cash. Had to keep a bitcoin for posterity.
I think we're starting to see the rush to the exit with Bitcoin already. Mempool for Segwit coin is NOT looking good.
On the rise for sure. Any idea what that huge spike in the mempool in late May/early June was?
Boy, it sure pays to do your due diligence in this space and keep your finger on the pulse.
Only 68 blocks to go. 60/40 hashpower split. I can't believe people are not talking more about this. BTC could grind to a halt today.
Still going to be a steal in the long run at these prices!!