Sentences with phrase «scale mining pools»

The news illustrates just how far cryptocurrency mining has come from the days when it was accessible to hobbyists and small - scale mining pools.

Not exact matches

Yang is an operator of one of the newer mining pools, but has already generated complaints for his favored stance - that SegWit has little to do with scaling and that all the main devs should be fired.

Since then, there's been no shortage of drama - mining firm Bitmain was accused of blocking SegWit in order to boost its revenue; major bitcoin companies and mining pools united behind their own scaling plan; and finally, unhappy with the plan, users equipped with GIFs and branded hats responded with a kind of revolt.

So far, it seems Satoshi's original scaling proposal actually increases the power mining pools have in deciding the future of the network.

But if one, relatively new bitcoin mining pool has its way, a much anticipated scaling solution could be dead on arrival.

Some notable active participants included: Adam Back (BlockStream), Luke - Jr (Bitcoin Core team), Blockchain.Info, BitMain, Ledge Marco (Genesis mining), Marshall Long (Classic), Gavin Andersen (Classic), Pindar Wong (Scaling Bitcoin), Henry Brade (Prasos), investor Roger Ver, Kang Xie as a representative of the Chinese bitcoin mining pools, and many others.

It's possible that even mining pools that are ideologically opposed to bitcoin cash and its scaling goals might do so for the profit.

Uncertainty remained even after SegWit2x [the scaling proposal based on the New York Agreement, and backed by a number of Bitcoin companies and mining pools] was released.

To fund its mining container development and pool service launch and meet global - scale ambitions, CMJ aims to hold its ICO from December 2017 to January 2018.

In contrast, previous decentralized Bitcoin pools have a scalability bottleneck at even 1 % of the Bitcoin mining scale.

A majority of major mining pools have pledged to trigger Segwit2x with their combined computing power by the end of this month, activating a long - awaited (though contentious) code change known as Segregated Witness (SegWit) that's been at the center of bitcoin's scaling debate.

Mining pools serve a crucial yet relatively mundane role in the mining process by providing a focal point for hashing power and enabling small - scale miners to collaborate with oMining pools serve a crucial yet relatively mundane role in the mining process by providing a focal point for hashing power and enabling small - scale miners to collaborate with omining process by providing a focal point for hashing power and enabling small - scale miners to collaborate with others.

ViaBTC's latest blog post sheds some light on why the mining pool is opposing the Bitcoin scaling proposal, SegWit.

Antpool, the biggest mining pool in the Bitcoin ecosystem with over 14 % of the global hashrate, has mined its first SegWit2x block today, signaling approval for the ambitious scaling agreement that seeks to implement the SegWit soft fork and a subsequent hard fork to increase block size capacity to 2 MB.

Furthermore, a boost to the bitcoin exchange rate was given by the information that main mining pools have accepted the Segregated Witness, a network scaling method.