Segwit Activated on LiteCoin (LTC)

Perhaps the biggest problem with Bitcoin (BTC) is the ongoing argument about how to scale it. The developers have been arguing about various approaches to scaling for a couple years now. It used to be that BTC transactions were very cheap and would clear in a manner of minutes.

Now, although still cheap in comparison with traditional fiat currency fees, the BTC transaction fees have climbed while the transaction speed has decreased. It is now common for it to take 20 minutes to an hour (sometimes hours) for a BTC transaction to be confirmed.

One of the main contenders for a solution to this is called Segregated Witness, or SegWit. SegWit has been in the BTC code for a while now but BTC has been reluctant to roll it out to full production. Now another large coin called LTC has rolled out SegWit and it has performed as designed. With that happening it is much easier for developers to get on board with SegWit for BTC.

Should that happen, then likely the BTC price would soar. See the accompanying article for more about that and the predicted $5000 BTC price in the near future...

https://cointelegraph.com/news/bitcoin-price-new-all-time-high-at-1442-bitfury-executive-predicts-5000

Comments

Etherum on the Move...

Artwork by Steven Grundy What, more Crypto talk? Yes, sorry, more crypto talk, but I'll try to keep it short. Back on July 16th I said that I thought the bear market had ended that day and we were starting a new bull market. Only time will tell if I was right because we haven't had enough time to call it a bear market. But, in that time, Ethereum, the bellwether coin that we measure with, is already more than 50% from that date and 120%+ since June 16th (2022). There are a lot of coins that did better than that, but for a "safe" bet like Ethereum, that's a really nice move. But, it's not too late. Ethereum makes a change on September 26th that will dramatically improve it's capabilities. I think we are going to fairly quickly see ETH return it, and pass it's all time high of $4891.70, maybe even before the end of the year. Now there is always the chance that ETH, and all coins, will turn around and head back down for a test of the low of $876.54....

Troubleshooting a Discourse Update on DigitalOcean: Resolving Unresolvable Errors

For the past three years, I've maintained a Discourse server on a DigitalOcean Droplet. Recently, I decided to update it with some of the latest Discourse features. What I anticipated to be a straightforward update process turned into several days of frustrating setbacks. The version of Discourse I was running was already three years old, so I assumed that running the built-in "Update" feature would suffice. However, after clicking the update button, the progress bar sluggishly crawled forward over the next half hour, only to display the dreaded message: "Error – Update Failed." The logs provided little to no help, but based on my experience with other software updates via GIT, I suspected that the failure might be due to the repository head still being called "Master." In recent years, there has been a shift away from using "Master" as the repository head, with "Main" becoming the preferred term. Despite trying several methods ...

Antiminer S7 Issues and Diagnostics steps

Note, the instructions below are how I diagnosed the problem I describe. I'm providing it here in case these steps help you narrow down your issue somewhere along the way. I have an Antminer S7 (batch 8) unit that has been giving me problems. It worked fine for a week or so then started slowing down. I could hear the fan slowing down and speeding up and if I checked the web GUI of the unit I could see that “chains” 1 and 3 often had very cool temperatures, as if they weren’t even running. It would then try to get those engaged again and it would speed up and then the cycle would repeat. Eventually, over time, I’d get a high piercing alarm sound and at that point if I checked the GUI I’d see Xs in the ASIC display instead of Os (image below). Above is how it was typically running. After a while an alarm would sound and it would look like below: PSU: The first things I tried were to swap power supplies with a working unit. It’s...

Search This Blog