Bitcoin: Possible Upcoming Hard Forks

Super Bitcoin, Bitcoin Platinum, Bitcoin Uranium, Bitcoin Cash Plus, Bitcoin Silver - it seems like more and more Bitcoin hard forks are on the way 
28 November 2017   31166

After all the forks of Bitcoin that have already been implemented it seems like it is not yet enough for the leading cryptocurrency and the information about more and more new forks start to appear. 

For instance, Michael Matthews, a Bitcoin miner and a supporter of Bitcoin Cash as of the true vision of Satoshi Nakamoto, has recently publised a list of possible upcoming Bitcoin hard forks. We decided to investigate the forks and find out what stays behind each of them.

As it is stated on the website of Super Bitcoin (SBTC) it is an experiment which aims to implement promising solutions that the community has been proposing. 

The Bitcoin will be forked at block 498888 and new qualities are promised to be incorporated as well. All Bitcoin holders are stated to be given one Super Bitcoin for each Bitcoin they hold for free.

It is reported that instead of the traditional ICO the platform will use a new technology of IFO, which is Initial Fork Offerings. The fork is sceduled to happen on December 17 of 2017.

Bitcoin Platinum

Bitcoin Platinum website reports that BTC Platinum uses blockchain technology to operate with no central governance or 3rd party interference and managing, issuing and maintaining bitcoins is carried out collectively by the decentralized network. 

The key features of Bitcoin Platinum are stated as follows: absence of pre-mine, GPU mining and SegWit2x technology. The announcement regarding Bitcoin Platinum hard fork also appeared on Bitcointalk. 

Bitcoin Platinum (codename BTCPLT) is a fork of the Bitcoin blockchain that should occur at block height 496525, on December 12 of 2017. 

UPDATED: On December 11 it came to light that Bitcoin hard fork Bitcoin Platinum turned out to be a Scam created by a South Korean teenager in order to manipulate Bitcoin prices.

Bitcoin Uranium

The news regarding Bitcoin Uranium firstly appeared on Bitcointalk on October 25 of 2017. The key features of Bitcoin Uranium are stated as follows: a new Proof-Of-Work algorithm Equihash to allow GPU/CPU mining, intolerance of ASICs, total supply of 21 Million and block size of 1M.

While Bitcoin Cash network received a hard fork upgrade not too long ago, this currency has nothing to do with it whatsoever. As it is stated on the website Bitcoin Cash Plus is assumed to be provided to Bitcoin holders through an airdrop, which is scheduled to occur on 501,407 block. No one really knows how this airdrop will occur, as it is not a direct hard fork of the existing code. 

At the same day when Bitcoin Gold fork appeared from the BTC Blockchain, the developers of Bitcoin Silver wrote on the Bitcointalk forum that they plan to make Bitcoin mining decentralized again. As they state, Bitcoin Silver will have a full replay protection to secure users’ coins from being spent by accident, a new proof-of-work algorithm, and the method of its distribution will be the same as was used by Bitcoin Cash, all BTC private keys holders will receive Bitcoin Silver on the rate of 1 BTC = 1 BTSI.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   97

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.