BitcoinZeroX: Bitcoin Blockchain Merged with Zero Protocol

Hexx coin plans to merge Bitcoin blockchain with Zero protocol, creating completely new coin BitcoinZeroX (BTCZ) in the third quarter of 2018
04 April 2018   2686

Hexx coin is a privacy focused digital currency with stable client and ongoing development. Hexxcoin implements Zerocoin protocol to ensure anonymity for coin users. Hexxcoin users may convert non-anonymous coins into anonymous ones, which can be sent to other users of the Hexxcoin network, and these transactions cannot be traced by any third party.

According to the white paper of Hexx coin, it will be used to "extend" the functionality of other cryptocurrencies with a low markup - this type of solution is also called merging or co-forking. Reportedly Hexx coin plans to merge Bitcoin blockchain with Zero protocol, creating completely new coin BitcoinZeroX (BTCZ) in the third quarter of 2018.

Every Hexx coin and Bitcoin holder will receive BitcoinZeroX at 1:1 ratio. BitcoinZeroX will not have developer fund and will be completely independent from Hexx coin, while the development of Hexx coin will continue. The BitcoinZeroX project will be an independent initiative from Hexx coin and will require its own dedicated whitepaper which will reportedly be released shortly.

The team of Hexx coin stated that future announcements regarding the fork will be made soon, and we will do our best to inform the readers of any upcoming news.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   85

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.