Microsoft to Accept Bitcoin Cash

At the moment, feature is available only for the US customers
14 March 2018   834

IT Microsoft began accepting payments in the Bitcoin Cash crypto currency for games, Xbox consoles, applications and other products presented in the Microsoft Store. This is reported by TrustNodes

Bitcoin Cash at Microsoft
Bitcoin Cash at Microsoft

Currently, the option is available only to customers in the US.

You can now use Bitcoin Cash to INSTANTLY add credit to your Microsoft account!!! I selected Redeem Bitcoin, chose Bitcoin Cash, and used the Copay wallet on my phone to scan the QR code on my laptop, and send the payment.

The payment was received INSTANTLY and immediately added the $10 credit to my Microsoft account.

Casher at Reddit

In January, Microsoft announced that it would no longer work with Bitcoin due to high fees, but payment processing BitPay, processing crypto-currency transfers of the company, could convince it, apparently suggesting as an alternative Bitcoin Cash.

Recently, Bitcoin Cash support has been activated for 100,000+ BitPay clients.

Merchants who decided to accept payment through Bitpay can receive funds for their own crypto-currency wallets or automatically transfer them to dollars. BitPay does not specify which preference is given to which option. The last time official data was published in 2014. Then, 5,000 customers agreed to receive crypto currency without conversion to Fiat.

Two Mining Pools to Gain 50% of the BCH Hashrate

Media reports that Coingeek and BMG Pool are affilated with odious Australian entrepreneur Craig Wright
18 September 2018   210

The centralization of Bitcoin Cash mining has reached a new level after only two pools - Coingeek and BMG Pool - have established control over more than 50% of the total network hash. This is reported by Trustnodes.

Bitcoin Cash Mining Pools
Bitcoin Cash Mining Pools

Earlier today, there were also reports that at some points the aggregate capacity of both pools reached 58%.

While BMG Pool directly belongs to the odious Australian entrepreneur Craig Wright, the no less scandalous Calvin Ayre, who maintains close ties with Wright, is considered the nominal owner of Coingeek.

The current situation, the media believes, does not exclude the possibility of collusion of the 51% attack on the network. In particular, in this case there is a probability of double spend of coins, which, accordingly, will force the exchange to increase the number of required transaction confirmations.

At the same time, the current situation is likely to be a demonstration of power by Craig Wright on the eve of the November upgrade of the network. As a result of disagreements between different groups of developers, it is still possible that Bitcoin Cash, which at one time split from bitcoin, will itself be split into two separate chains.

Note that the Bitcoin Cash hashrate on the whole continues to remain at a fairly low level, accounting for less than 8% of the bitcoin.