Coinbase CEO: "I was wrong"

Coinbase CEO Brian Armstrong looks back at the bet he made and the predictions about Bitcoin hard fork
07 August 2017   2501
Bitcoin

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

While the Bitcoin price stays at all-time highs, Coinbase CEO Brian Armstrong looks back at the bet he made and the predictions about Bitcoin hard fork:

Bitcoin Cash

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

In the original article from February, 2016, Armstrong bets $5,000 that "Bitcoin’s first hard fork works out just fine". Coinbase CEO argued that:

  1. Bitcoin is not splitting, it is upgrading
  2. Hard forks are one of the most important innovations of Bitcoin
  3. Multiple teams working on the Bitcoin protocol is a good thing

However, no one was willing to take Armstrong up on his bet, so he had to officially withdraw the offer (he even offered 10:1 odds and still no takers). 

Now, after more than a year, Brian Armstong admits his some of his miscalculations:

Clearly I was wrong about multiple coins persisting (didn't anticipate the minority forks having any real value). At least I get a chance to admit when I'm wrong :)
 

Brian Armstrong
Coinbase CEO

However, the man also notices that the prediction about the price rising post-fork was correct (at the time of writing Bitcoin price tops $3200). 

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.