Bitfury Announces Support for Bitcoin Classic & 2MB Block Size
Leading Bitcoin Blockchain infrastructure provider and transaction processing company BitFury has announced their support for 2 megabyte block size increase with Bitcoin Classic. As the world’s largest mining pools, companies, and experts are beginning to strongly engage in the implementation of Bitcoin Classic, the community predicts the majority of miners to support the 2 megabyte proposal in the upcoming weeks. “BitFuryGroup – the largest private miner and security provider is ready to move forward and support 2MB increase with Bitcoin Classic,” announced BitFury Group co-founder and....
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Bitcoin mining company BitFury’s CEO Valery Vavilov has been clear on the company’s stance in the Bitcoin block size debate. When we contacted him for his thoughts on the debate, Valery sent a full statement detailing where BitFury stood on the issue and why. While going over this statement with BitFury, they gave us access to the news of their new 16nm chip announcement. The timing of this release follows its climb to the second largest hash rate provider in the world. Furthermore, BitFury is aggressively building out its 100 MW data center in Georgia. Valery’s well thought out statement....
Popular bitcoin wallet platform and vault storage service provider Xapo has announced their plans to embrace Bitcoin Classic, a Bitcoin block size increase proposal by 2 megabytes. On February 21, 2016, popular bitcoin wallet platform and vault solutions provider Xapo CEO Wences Casares announced that the company is planning to upgrade to Bitcoin Classic, with a vision to help the Bitcoin network scale efficiently. Bitcoin Classic is a hard fork bitcoin block size increase proposal currently supported and led by Bitcoin Core developers Gavin Andressen and Jeff Garzik, and industry leaders....
The ongoing Bitcoin block size debate has been a source for a fair bit of controversy and discussion in recent months, but it finally looks like a decision is just around the corner. With Bitcoin Core having to address some security concerns regarding segwit, and Bitcoin Classic going into beta testing today, developers are off to the races to compile a properly secured block size solution. Antpool is upping the game by announcing beta testing of Bitcoin Classic. Antpool Starts Bitcoin Classic Beta Trial. It was only a matter of time until the Bitcoin Classic proposal started showing what....
The best-capitalised mining firm in bitcoin has waded into the block size debate - stating it must be resolved by consensus. BitFury, previously silent on the hot-button issue, said it will join bitcoin's biggest mining pool in backing Jeff Garzik's "market-led" BIP 100 proposal, which lets miners 'vote' on the size of each block. CEO Valery Vavilov told CoinDesk: "We think that the block size debate must be resolved by consensus and the voting mechanism introduced in BIP 100 is a good way to achieve such a consensus ... The power to make such future defining decisions must belong to the....
In the continuing struggle between advocates for Bitcoin core and the hard fork of Bitcoin Classic, some Bitcoin ATM’s have drawn a line in the sand on where they hope the future of the cryptocurrency to go in favor of Bitcoin Classic. In a recent Reddit thread posted on behalf of the Bitcoin ATM company Bitlove, they shared that they were among 5 current Bitcoin ATM companies including Coinucopia, Herocoin, Tobitcoin, Sumbits, and Bitlove which would switch to Bitcoin Classic to support the immediate block size increase. In total, 29 Bitcoin ATM’s across North America have switched to....