Bitcoin Mining Pools Reject Bitcoin Classic
Mining pools that represent at least 70% of the total hashing power of the bitcoin network have announced that they would not be supporting Bitcoin Classic or, for that matter – any “contentious hard-fork.” The mining pools are joined by some of the world’s largest bitcoin exchanges in revealing the decision. In a letter via a Medium post, The Bitcoin Roundtable – a community of the cryptocurrency’s miners, exchanges, wallets and businesses have today announced that they would not be supporting Bitcoin Classic, describing it as a “contentious hard-fork.” The mining pools making up for the....
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The hashrate of mining pools supporting Bitcoin Classic reached 51%, after Antpool mined its first Classic block on February 16. Antpool, a bitcoin mining pool owned by leading bitcoin mining hardware manufacturer Bitmain Technologies Ltd. has officially marked the start of the production of Bitcoin Classic blocks on February 16, 2016. Bitmain’s Antpool is by far the largest bitcoin mining pool in the industry, and controls over 26% of the Bitcoin network’s hashrate distribution. Hashrate is a measuring unit used to estimate the processing power of the Bitcoin network. Miners must generate....
By the look of things, support for Bitcoin Classic is growing in the mining scene, as Multipool.us has opened up a new mining pool for this so-called “altcoin”. With over one petahash of mining power directed to this Bitcoin Classic pool alone, the competition with Bitcoin Core is being taken to a whole new level. However, only three blocks have been mined so far, and there is still a long way to go before Multipool.us will become a major contender. Multipool.US Supports Bitcoin Classic Mining. While it is positive to see further competition between developmental solutions, the big....
Bitcoin Classic, the Bitcoin implementation set to double Bitcoin's 1 megabyte block size limit by a hard fork, suffered a significant setback shortly after its official release this week. A group of prominent exchanges, mining pools and other industry players organized under the “Bitcoin Roundtable” collective, stated publicly they will not switch to Bitcoin Classic for the present. An open letter by the Bitcoin Roundtable, including signatories representing major Bitcoin exchange Bitfinex, ASIC-manufacturer and mining pool BitFury, exchange, wallet service and mining pool BTCC, cloud....