Here’s Why India’s GBMiners Mining Pool Switched to Bitcoin Unlimited
A few weeks ago, the relatively new India-based bitcoin mining pool GBMiners decided to switch their software from Bitcoin Core to Bitcoin Unlimited. Bitcoin Unlimited is software that creates an alternative protocol and network based on Bitcoin, if a majority of miners decide to implement a new method for increasing Bitcoin’s current blocksize limit.....
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Currently, everyone’s been focused on the price of bitcoin and turbulent global markets. However, in the bitcoin mining and development space, there’s a lot going on behind the scenes. Smaller Mining Pools and Bitcoin Unlimited. As Bitcoin.com previously reported the bitcoin network’s hashrate distribution among mining pools has been changing. Lately,....
Indian Bitcoin mining pool, GBMiners has announced the launch of the country's first Blockchain incubator -- Satoshi Studios. The Indian cryptocurrency and fintech ecosystem has garnered a lot of interest since the “Demonetization” drive was set in motion. The increased demand for Bitcoin in the country is now complemented by the launch of a Blockchain incubator. According to reports on Indian news media, the Indian Bitcoin company, GBMiners has laid the foundation for South Asia’s first Blockchain incubator, Satoshi Studios. GBMiners is the first Indian Bitcoin mining pool which....
ViaBTC has announced its support to Bitcoin Unlimited, mines its first Bitcoin Unlimited block. Bitcoin Unlimited, the fork of Bitcoin blockchain is receiving a lot of support lately. Soon after Bitcoin.com mining pool announced its support to Bitcoin Unlimited, another mining pool, ViaBTC has followed suit. ViaBTC, which claimed itself to be the fifth largest Bitcoin mining pool on Twitter recently has allocated its full hashing power to mine Bitcoin Unlimited blocks. The mining pool, launched on June 5, 2016, has rapidly climbed through the ranks to be among the top mining pools on the....
Over the past few weeks, support for the Bitcoin Unlimited (BU) proposal has increased significantly. This is due to a bunch of smaller mining pools collectively running the alternative client that removes the current block size cap. Now its seems the proposal will get even more hash power as the Chinese miner, Chandler Guo, has announced that his new....
With over 700 BU-compatible nodes in existence right now, things get very interesting. The ongoing “competition” between Unlimited and Core nodes remains quite intriguing to keep an eye on. Over the past few days, the number of Unlimited compatible nodes has increased to 736. Quite a significant number, even though it includes some nodes that other platforms may not see as “compatible”. It is evident the Bitcoin Unlimited support continues to grow. More progress is needed to address bitcoin’s scalability in the near future. While additional support for Bitcoin Unlimited may not solve any....