BTCChina Support Gives BIP 100 Bitcoin Hashrate Majority
Mining firm 21 Inc, which accounts for over 7% of the current bitcoin hashrate, has also noted its support for BIP 100. Garzik's proposal now has 58.6% of the network's hashing power behind it. UPDATE (28th August 13:12 BST): One of the leading transaction processors, KNC Miner, is now tagging its blocks in support of BIP 100. In a statement, the company said it would support both BIP 100 or BIP 101 as they would "propel bitcoin for all". BTCChina has backed Jeff Garzik's block size scaling solution, giving BIP 100 a majority of the network's hashing power. With the addition of the Chinese....
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Over 50% of Bitcoin's hashrate now supports the "uncontroversial" upgrade.
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, it will be 50% more difficult to mine bitcoin than it was three months ago for the next two weeks.
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The network hashrate share of bitcoin unlimited now stands at 37.6% over the longer time frame of 1,000 blocks. It is expected to further increase as Chandler Guo, a well-known bitcoin miner in the Chinese community, publicly stated: i jump to #BitcoinUnlimted today！ pic.twitter.com/0oPDlXhgFL. — Chandler Guo (@ChandlerGuo) March 21, 2017. That is likely to increase the hashrate to 43%, perhaps 45%, very close to a majority of miners’ support which may indicate the economic majority and, perhaps, the majority of bitcoiners, lean towards the client. However, Bitcoin Unlimited is....
Last week, BTCChina revealed JustPay, their rebrand of the Picasso web wallet which was originally released earlier this year. By linking directly with BTCChina's voluminous exchange, JustPay becomes BTCChina's merchant solution for Chinese merchants. Using JustPay, "merchants are guaranteed to receive the full price of the good or service purchased, in fiat (CNY, HKD, USD)." Currently, BTCChina has signed up four merchants through JustPay in "just" a week. Chinese companies ShenZhouFu, Aicaike, BTCKan, and jgb are among the first to accept Bitcoin with BTC China. In 2013, before the....
One of China’s oldest crypto exhcanges has shut down its Bitcoin business as crackdowns continue in the nation. BTCChina Exits Bitcoin Business Huang Xiaoyu and Yang Linke founded BTCChina back in 2011. According to a report by South China Morning post, the platform has now completely closed its Bitcoin businesses. BTCChina also had a stake […]