BitClub Successfully Mines Their First Bitcoin Unlimited-only Blocks On The Network
The way things stand right now, Bitcoin Unlimited has 35.8% miner support. It appears as if the BitClub mining pool has had a change of heart recently. Albeit the company mined a Bitcoin Unlimited block before, it was a slightly different type. To be more specific, it was a block that did not properly signal BU alone. That has changed as of now, with at least three BU-only blocks being mined by the pool in rather quick succession. BitClub Supports Bitcoin Unlimited Now? It is rather surprising to see BitClub still support Bitcoin Unlimited right now. When the pool mined its first BU-esque....
Related News
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....
On April 26th a transaction worth 316 Bitcoins processed across the blockchain but 291 BTC mistakenly went to the mining fee. The 136,000 dollar mistake found its way to the mining organization called BitClub Network. The fee error seems to be a record-setting block, but it ‘s hard to locate the original address due to the fact the fee occurrence was mixed with many other transactions. Block 409008 has revealed a pretty big fee mistake as a transaction had cost a user or group of users 136,000 paid to miners. The blunder had caused an uproar on social media pages and forums as the story....
The number of blocks mined using the alternative Bitcoin client, Bitcoin Unlimited (BU), is increasing. Over the past weeks and months BU, also known as BUIP 001, has seemingly been increasingly adopted by Bitcoin participants. Segwit, a proposal for an upgrade of the mining protocol by the development team called ‘Core’, still mines 600 more blocks per....
ViaBTC has mined its first official Bitcoin Unlimited block after confirming it allocated its entire hashing power to mining on the platform. ViaBTC’s First Bitcoin Unlimited Block. ViaBTC is the fifth-largest mining pool in the world by hashrate distribution. It announced it had officially mined its first Bitcoin Unlimited block on October 10, with a....
ViaBTC, one of the largest mining pools in the world, experienced a 50% drop in its hashpower after allocating all of its resources in mining Bitcoin Unlimited blocks. Bitcoin Unlimited is an alternative project with which miners can decide the size of the blocks they wish to mine. ViaBTC for instance, is mining 2 MB blocks through Bitcoin Unlimited, while the Bitcoin.com mining pool is opting for a 16 MB blocksize. The team behind ViaBTC decided to move its entire mining pool to Bitcoin Unlimited due to their belief that the current capacity of the Bitcoin network significantly restricts....