Poloniex to credit users with BCH balance

Poloniex exchange announces its plans on crediting users with BCH balance
04 August 2017   2845
Bitcoin Cash

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

One of the leading cryptocurrency exchanges, Poloniex, announces its plans concerning crediting the users of the trading platform who had BTC in their account balance with matching BCH.

Bitcoin

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

As Poloniex team reports, they've received several inquiries about Bitcoin Cash since the fork. According to the company, their hesitation to immediately support BCH or any other Bitcoin derivative "was and is born out of the desire to ensure the security of network operations and the safety of the users' tokens".

Now the Poloniex exchange announces its plans on crediting users with BCH balance:

We will be crediting users who had BTC in their account balance at the time of the fork with matching BCH. We expect this to occur on or before August 14th.
 

The Poloniex Team

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

However, the company details that they have not yet determined if they will be listing BCH as a market on Poloniex nor can they commit to supporting BCH withdrawals right away.

The ability to withdraw BCH will depend on network stability which is completely outside of the Poloniex exchange control, the team adds. 

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.