Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)

Are we supposed to be using BitCoinXT yet? I forgot when we are supposed to change, I'm lazy and haven't moved over or read about it.. I just don't want my 1 PH/s farm to abruptly work on the wrong chain.

If you want to support BIP101 support it now, if you do not then don't. If you are only concerned with being on the biggest chain wait and see what the other miners and the economic majority will do come January. If you are mining on BIP101 however there is no danger of being on the smaller chain since BIP101 will only activate with a mining majority anyway. Furthermore I presume that with the hash power that you have you are mining with a pool? If that is the case it is the pool that decides which code is being run, unless you are mining with a pool like Slush which gives miners the choice which implementation to support.

Yes, Mining with a pool I just switched from Slush to eligius.st this morning. So if there is no risk because the pool I'm on now handles things I really don't care one way or another... I'm thinking of just using Multibit HD for my hot wallet anyways, and it looks like they'll handle the change for me.

Thanks for the response.

It is a pleasure, eligius.st is also a good pool. One word of warning though if the majority of the network does fork to BIP101 then you might still be mining on the smaller chain, since eligius is run by lukejr who is a fanatical supporter of small blocks and I suspect will continue to do so regardless of the economic majority. Slush on the other hand will follow the economic majority if BIP101 does fork the network.

Multibit also has my recommendation it is a reliable and well respected wallet. Impressive mining operation you have there, I hope to build my operation up to 1PH one day.