Quote from: philipma1957 on May 06, 2017, 08:11:21 PM

Quote from: blockchainmines on May 06, 2017, 08:02:31 PM

Quote from: blacksmithtm on May 05, 2017, 10:05:29 PM

Nice to see that mining is alive and well.

@Kano, have you considered signalling segwit in order to push it closer to activation? With SegWit activated your pool will be able to include more transactions per block which obviously translates to more fees for your miners. Right now the 1mb limit is forcing you to forfeit transactions to the next miner because you can only include 1mb per block you find atm.

No offense but you really do not understand Segwits at all. In fact Segwits will do the exact opposite of what you just described. All segwits does is softfork the bitcoin blockchain to allow developers such as the lightnting network to create and entire offchain psuedo validation service so people can use bitcoin without actually having their transaction validated on chain. Yup you heard it right, your transaction would be in what is best described as an off chain time lock that the lightning network would then conduct as many transactions as possible (keeping all the fees to themselves) and at the end of the timelock they would get the entire blob of transactions validated on the blockchain as a single transaction with just the 1 fee going back to the miners.

Don't let the news or Segwits propaganda sites tell you how it works. Actually did in to the facts and read about it. It is a horrible solution and one that could fuck bitcoin up big time once you once you open that hole start to let developers into the blockchain. Bad idea.

I agree I see Segwit as death for BTC

In fact I see the rise of alt coin gpu mining as a reaction to segwit by big money miners.
Kano does not say much about segwit as this thread suffered a lot of spam a while back due to pro segwit people angry that kana spoke against it.

@ kano fell free to delete this I don"t want to heat segwit up.
@ Jigor finding your best freq will give you good stable hash you will know you got the right freq when your hard ware errors go to .0050 or less

To sum it up Segwits, is it is not about the miners at all. It is about turning bitcoin transactions and confirmations into Third Party Programs that have no business even talking about our currency. Yes, I say ours because every miner has dumped a significant amount of money to become part of a great peer to peer network. They pay for their miner, their power bill, their internet bill to support the greatest thing to happen to currency with minimal returns up front. I am constantly amazed when I read the ridiculous articles online and then you get the comments believing that if we adopted segwits the block size automatically increases. HUH?? Some people you just cannot explain it too no matter how much you try. Does our block size need to increase? Yes, but Segwits is not even an option for increasing block size, it is off chain mining, I repeat off chain mining or in an other term it is a way for greedy developers to profit from bitcoin off the back off the miners while preaching to the masses bitcoin is not about the miners. Plus opening a hole in the code that allows for developers who never owned a miner in their life to come in and start making money on our currency using our blockchain. There are so many things wrong with it.

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