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Bitcoin Network Speed Forecast for the Weekend by tipu

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bitcoin · @tipu ·
$6.76
Bitcoin Network Speed Forecast for the Weekend
#### Hi there!
####
Despite the fact that over 30% of the Bitcoin miners are mining Bitcoin Cash, you can see that **the number of unconfirmed transactions** in BTC is **slowly declining:**
#####
https://steemitimages.com/DQmW2sttA5wJV1BMcW1AJftBN4BQE8UNf6w7sxaJZNDwGvT/1.png
#####
During the weekends the number of BTC transactions is always lower so that's good - the mempool can at least partially clear out even though **BTC hashrate is lower than usual**.

According to [www.fork.lol](http://fork.lol/pow/retarget) **in 8 hours from now the Bitcoin Cash mining difficulity will drastically increase** which will make most of the miners to **switch back to mining Bitcoin**. This will will increase the speed of confirming transactions.

In other words - if you're planning to make a Bitcoin transaction, **Sunday evening** could be the best time to do it (**lowest fee and fastest transaction**).

More about **[current Bitcoin Network situation here](https://steemit.com/bitcoin/@tipu/how-to-check-bitcoin-transfer-speeds-and-how-busy-the-bitcoin-network-is)**.

**Hope you found this helpful and see you next time!**
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 10 others
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vote details (74)
@bronevik · 
Now (6.25AM UTC) mining BTC is 2.67x profitable than BCH.
Bitcoin-main has approximately 1,5 days to deal with 80k tx mempool before BitCash diff recalculates lower again.
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@cardboard · 
already at 40k :)
https://core.jochen-hoenicke.de/queue/#24h
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@bronevik · 
20k and started to grow.
BCH diff recalculates  to lower profitability.
Block times seem normal, so another emergency recalculation down won't happen. Looks loke system  finally came to equilibrium.
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@edy02 · 
good information I really like your post
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@marketanalysis · 
great info
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