Cobra: "There may be 3 chains in November"

Another Bitcoin hardfork possible in the nearest future? Let's try to figure out
07 November 2017   809

Co-founder of bitcoin.org and bitcointalk.org Cobra believes that bitcoin needs an improved Proof-Of-Work protocol to counter the SegWit2x fork, and does not exclude the appearance of three different versions of bitcoin. 

According to it, despite all the opposition to the SegWit2x fork, it is possible that the "black swan" will happen and the "winner" will be a new chain. In case SegWit2x turns out to be the chain with the largest hash, Cobra believes that the bitcoin community should temporarily admit defeat and, having retreated, start developing another fork with an improved Proof-Of-Work consensus protocol.

Also, Cobra is convinced that the miners, the market or the governments can not dictate what bitcoin should be, since the crypto-currency embodies the financial independence of each individual participant in the network. That is why it calls on exchanges and the market to prepare for the adoption of the new PoW-fork, which will be recognized as a true bitcoin.

The market and exchanges should be prepared to support three different forks of Bitcoin this November. The original chain, the 2X chain, and the new Bitcoin chain with a better PoW. As soon as the new PoW hard fork binaries are released on Bitcoin.org, I intend to fully commit to supporting that chain and calling it “Bitcoin”, even if hash rate returns to the original chain at a later date.
 

Cobra

Significant part of the bitcoin community and Bitcoin Core developers oppose the SegWit2x, calling it an extremely dangerous and unpredictable experiment in its consequences.

At the same time, a significant number of representatives of large business, including such popular services as Blockchain.info, Coinbase and BitPay, declared their readiness to recognize the true bitcoin chain with the greatest complexity, even if this chain turns out to be SegWit2x.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   130

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.