BitPay makes scandalous announcement on SegWit activation

BitPay makes a scandalous announcement on the upcoming SegWit activation
18 August 2017   3084

BitPay, one of the world's leaders in Bitcoin payments, made an announcement concerning the recommendations on the need to update the software of the nodes before the next week activation of the Segregated Witness (SegWit) protocol.

However, the community immediately noticed that the company insists on activating the BTC1 client, that is the code underlying the SegWit2x offer and in fact proposes to abandon the Bitcoin Core client.

For now, 100% of the miners already support the Bitcoin Core code signalling in support of the protocol. Thus, no separate code is required for this, especially since the fixation of SegWit has already taken place.

BitPay, in its turn, offers the operators of the node to perform another update, this time to the BTC1 client, which, in addition to activating SegWit, also provides for the network's hard-fork with an increase of the block size to 2Mb.

In fact, BitPay tries to mislead the users, because, as noted above, no additional update is required to support SegWit.

The news caused a great resonance in the cryptoworld society.

Thus, Peter Todd, the developer of Bitcoin Core directly accuses BitPay of fraud as the company does not mention SegWit2x anywhere in its record, activation of which is provided by the BTC1 client. Instead, BitPay uses the term SegWit exclusively.

SegWit activation is to take place on August, 22th, so we'll keep you updated.  

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   56

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.