Bitcoin Cash May Upgrade to 32MB Block Size This Spring

The initial upgrade to 32MB should kick in on May 15, 2018 followed by a subsequent upgrade deployment in November
21 March 2018   4582

Bitcoin ABC, Bitcoin Cash Development team, which is also collaborating with many other cryptocurrency-related projects, has issued a report in 2017 enlisting its major goals for next 6 - 12 months, and stating that the top priority for Bitcoin Cash is to keep improving it as a great form of money. 

Developers of Bitcoin Cash claimed that they will do their best to enable enhanced features facilitating use-cases such as timestamping, representative tokens, and more complex transaction scripting.

One of the most important features that are to be implemented is the protocol upgrade when Median Time Past reaches timestamp 1526400000, which is May 15, 2018, and a subsequent upgrade for 6-months later when Median Time Past reaches 1542300000, which is November 15, 2018. Basically, that means that the initial upgrade to 32MB should kick in on May 15, 2018 followed by a subsequent upgrade deployment in November. 

Those are incredible news for the community of Bitcoin Cash, as larger block size could make it a faster and lower-fee peer-to-peer system. For sure the protocol upgrades will need solid implementation with lots of time for review and testing, and we will report about the details of the upgrades as more information comes.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   380

This Monday, the Chinese mining company Bitmain announced the next-generation 7-nm chip codenamed BM1397, which, according to it surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

The BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain”, codenamed BM1391.

BM1397 is manufactured using TSMC, a Taiwan-based semiconductor product company, which is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of the Antminer S17 and Antminer T17 models, the release of which Bitmain promises to announce later. The company does not provide other details of the updated devices in its message.