Bitfinex launches BCH trading

Bitfinex cryptocurrency exchange launches Bitcoin Cash trading
02 August 2017   3403
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Bitcoin Cash, a new cryptocurrency competing with Bitcoin, has emerged as a result of the Bitcoin blockchain hard fork. 

The community's attitude to BCH remains a bit diverse. Thus, while some exchanges (like Coinbase) are not going to rush to add BCH trading to their lists, the others give a warm welcome to BCH tokens. 

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Thus, the fifth wolrd's digital currency exchange Bitfinex added BCH/USD, BCH/BTC and BCH/ETH traiding pairs. 

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

When the BCH tokens were distributed, instead of the ratio of 1: 1 there was a 0.8539 coefficient. It means that if a Bitfinex user has 1 BTC, then 0.8539 BCH is charged to him. As explained by the representatives of Bitfinex, this calculation methodology takes into account the aggregate of open long and short marginal positions on the exchange. 

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.