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   1273

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.

Argo to Report on Mining Profitability Increase in Q2

It was also reported that by the end of June, company owns about £ 3 million in crypto assets, which is 7.7% higher than expected
03 July 2019   224

The British mining company Argo Blockchain published a financial report for the second quarter of 2019, according to which its revenues increased significantly in the second quarter, exceeding its own expectations.

So, in comparison with the previous report, published in early June, the income from mining Argo Blockchain increased by 24%. The increase in profitability from mining at the same time turned out to be proportional to the increase in the Bitcoin price observed during the recent period.

The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019. This is an increase of approximately 101% from the Company's May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.
 

Argo Blockchain Team

Argo Blockchain also said that as of the end of June, the company owns about £ 3 million in cryptocurrency assets, which is 7.7% higher than expected.

Also Argo Blockchain intends to expand its activities. In particular, the company plans to deploy another 2500 miners in Quebec by the end of the third quarter, which is also expected to significantly increase revenues.

Our better-than-expected mining performance reflects both improving industry conditions as well as Argo's business strategy, which has enabled it to rapidly ramp up operations and thereby take full advantage of the upturn. As a result, we enter the third quarter with a strong momentum to deliver further growth and improving mining efficiency.
 

Mike Edwards

Executive chairman, Argo

It should be noted Argo Blockchain was the first cryptocurrency company, the placement of shares of which was approved by the London Stock Exchange last June.