Average BTC Block Size Hit 2 Year Minimum

Now average Bitcoin block is just 515 kilobytes big
20 March 2018   1492

515 KB  is the average block size in the network of bitcoin in recent days. As Armin van Bitcoin at Twitter noteed, this is due to general technical improvements in the protocol.

For example, Armin van Bitcoin is convinced that such numbers became possible due to batching of transactions in the work of a number of large bitcoins, growing acceptance of the SegWit protocol, as well as increasingly frequent off-line transactions (for example, in the Lightning Network) .

Armin van Bitcoin at Twitter
Armin van Bitcoin at Twitter

Activated in the network bitcoin in August 2017 protocol SegWit makes it possible to increase the block to 4 MB, thus refuting the allegations of the apologists for various forks of the first crypto currency that only their implementation can solve the problem of scaling.

Argo to Report on Mining Profitability Increase in Q2

It was also reported that by the end of June, company owns about £ 3 million in crypto assets, which is 7.7% higher than expected
03 July 2019   239

The British mining company Argo Blockchain published a financial report for the second quarter of 2019, according to which its revenues increased significantly in the second quarter, exceeding its own expectations.

So, in comparison with the previous report, published in early June, the income from mining Argo Blockchain increased by 24%. The increase in profitability from mining at the same time turned out to be proportional to the increase in the Bitcoin price observed during the recent period.

The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019. This is an increase of approximately 101% from the Company's May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.
 

Argo Blockchain Team

Argo Blockchain also said that as of the end of June, the company owns about £ 3 million in cryptocurrency assets, which is 7.7% higher than expected.

Also Argo Blockchain intends to expand its activities. In particular, the company plans to deploy another 2500 miners in Quebec by the end of the third quarter, which is also expected to significantly increase revenues.

Our better-than-expected mining performance reflects both improving industry conditions as well as Argo's business strategy, which has enabled it to rapidly ramp up operations and thereby take full advantage of the upturn. As a result, we enter the third quarter with a strong momentum to deliver further growth and improving mining efficiency.
 

Mike Edwards

Executive chairman, Argo

It should be noted Argo Blockchain was the first cryptocurrency company, the placement of shares of which was approved by the London Stock Exchange last June.