F2Pool Votes on 8MB Blocks To Alleviate Bitcoin Congestion
Now that the Bitcoin price has been skyrocketing, more transactions are taking place on the network as well. Similar to what happened a few months ago, network congestion is taking place once again. Bitcoin Core developers are being scrutinized once again for their seemingly unwillingness to up the block size anytime soon. Various Bitcoin community members are getting annoyed with the current congestion issues plaguing the network. If the block size is increased, more transactions can take simultaneously, and there is no congestion to speak of. Moreover, this would allow for faster growth....
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F2POOL, one of the largest Chinese bitcoin mining pools has generated the largest bitcoin transaction ever recorded in an attempt to alleviate the massive spam attack launched on the bitcoin network this week, which Bitcoin Magazinepreviously covered. An anonymous figure or an organization has sent thousands of micro bitcoin transactions across the network now referred to as "dust," to temporarily clog up the bitcoin network. While the attack appears to have ended, miners are still catching up on the backlog of transactions. At the time of writing, the number of unconfirmed transactions....
F2Pool, a Chinese mining pool also referred to as Discus Fish, which holds the largest share of the Bitcoin network’s hashrate at 26%, has been experiencing a series of extreme DDoS attacks. Behind the DDoS attack. The attacks began to target the F2Pool Bitcoin mining pool almost immediately after the F2Pool team announced their decision to “test” Bitcoin Classic by launching a subpool in which miners can mine Bitcoin Classic blocks. Peter Todd and other Bitcoin experts requested the hackers and the individuals behind the series of DDoS attacks to terminate them immediately, as they are....
Support for BIP 100, the market-led scalability fix from core developer Jeff Garzik, is growing as more miners pick sides in bitcoin's block size debate. Data from BlockTrail indicates the percentage of blocks mined in support of BIP 100 has quadrupled to 22% following the backing of bitcoin's biggest mining pool DiscusFish / F2Pool on Monday night. Miners have the ability to voice their preference for which proposal they support, be it BIP 100 or an 8MB increase, when they 'tag' each block they mine. Unlike votes for controversial bitcoin client XT, these tags will not trigger a hard fork....
The response comes after researchers in Israel alleged the mining pool has been manipulating Ethereum block timestamps to obtain higher mining rewards. F2Pool co-founder Chun Wang has responded to allegations that his mining pool has been manipulating Ethereum block timestamps to “obtain consistently higher mining rewards."The allegations came from an Aug. 5 paper from researchers at The Hebrew University, claiming the mining pool has been engaging in a "consensus-level" attack on Ethereum over the last two years to gain an edge over "honest" miners. However, Wang on Twitter responded by....
F2Pool, the world's largest Bitcoin mining pool, maintains that changing its code to allow bigger blocks through BIP 101 or Bitcoin XT is not an option. Wang Chun, the operator of the China-based pool controlling some 20 percent of hashing power, dismissed the idea of an exponential growth rate of the maximum block size for 20 years leading to 8-gigabyte blocks. Asked by Bitcoin Magazine, Chun said: "We cannot predict what will happen years into the future, and we think a first step to 2 megabytes should be enough for now." The block-size dispute - which represents a tradeoff between....