Bitcoin Core 0.16 Released

Main feature of new BTC Core version is SegWit support
26 February 2018   450

Developers of the basic client of the biktoin network announced the release of a new version of their software Bitcoin Core 0.16.0. The client is already available for downloading on the official website of the organization.

As the developers promised earlier, Bitcoin Core 0.16.0 includes full support for the Segregated Witness (SegWit) protocol, activated in Bitcoin's blockchain in August of last year, but has never been widely used by users and companies that make up the crypto-currency ecosystem. According to SegWit.Party, at the time of publication, the share of such transactions is a little more than 15%. It is expected that the inclusion of SegWit in Bitcoin Core will help the further spread of the technology, and at the same time increase the network performance.

In addition to SegWit, Bitcoin Core 0.16.0 includes a number of other improvements and updates in the field of client performance and security.

Version 0.16.0 was the first major release of Bitcoin Core for a long time. Previously, developers reported that the client is ready for 98%, but refused to name the exact date of its release. Version 0.15.0 was released in September last year.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   98

Users of HashFlare mining pool can't withdraw their funds, while their contracts are threatened with a temporary ban. Even lower restrictions on withdrawal of funds in the amount of 0.03 BTC caused problems for users, but the service raised the threshold to 0.05 BTC and 0.1 ETH . This is reported by Cryptovest.

In addition, financial pyramids are often promoted under the guise of mining contracts for cloud mining. For last few months, there was a big jump in mining difficulty of many cryptocurrencies, so, old contacts had become unprofitable.

As reported, the reason for the locked funds dates back further - at the beginning of June, so much hashing power was flowing into the Bitcoin network that contracts saw all the mined coins go toward their maintenance fee.

Currently, more and more users who have purchased contracts at earlier stages are facing the fact that they can not withdraw their funds. One of them managed to return the money spent through the bank card operator after filing a corresponding complaint.

To anybody that purchased a Hashflare cloud mining contract with a credit card, it might be possible to get a refund with that credit card as one of my followers tipped me. He bought his contracts at the end of 2017.

bccponzi at Twitter

The hash rate of bitcoin increased from 13 EHash / s at the beginning of the year to more than 40 EHash / s in recent months. The difficulty of mining in the present conditions depends on the circumstances of the specific miner. The cost of bitcoin mining for some of them is $ 4,400, while others spend about $ 5,800. However, in 2018, cloudy mining is called an even more dubious occupation than before, especially when it comes to mining bitcoin.