Roger Ver and Bitcoin.com under a threat of a lawsuit

More than 600 users have gathered to file a lawsuit against Roger Ver and his Bitcoin.com for fraud
27 April 2018   1153

The usual simmering scandal around Roger Ver's Bitcoin.com portal just got a lot more complicated. Now more than six hundred people have already gathered under the flag of a lawsuit against Ver's questionable actions.

First of all, Bitcoin.com, strangely enough, is owned by a Bitcoin Cash activist Roger Ver. And the whole layout and content of the site is, it seems, aimed at misleading people new to the crypto world, that Bitcoin Cash is, in fact “real Bitcoin” - from the placement of Bitcoin Cash above Bitcoin, to the non-existent monikers or color differentioation of BCH and BTC respectfully on the “Buy Bitcoin” page. But the most glaring insult to the community is that on the aforementioned page of Ver's site BTC somehow became “Bitcoin Core”, which is, in fact, just the name of the client app, not the currency itself. And Bitcoin.com is the only site to refer to BTC like that.

Oh, and let's not forget the most recent development – now the site presents BCH as Bitcoin. Throughout the site this change is the most prominent in the block explorer, which now has options of Bitcoin (BCH) and Bitcoin Core (BTC).

All of the above amounts to a serious case of fraud in the eyes of the community. So affected users have gathered in a Telegram group chat and are now planning to file a lawsuit against Bitcoin.com and Roger Ver. Already over 600 people have joined the group, including some notable personalities, such as Charlie Shrem, Richard Heart and Ibrea.org founder Ragnar Lifthrasir, who's long talked about reporting Bitcoin.com's wallet for being a fraud.

Right now the group doesn't disclose what legal steps will be made, just that the talks are on with the lawyers from Caribbean island of St. Kitts, where Bitcoin.com company is registered. The exact steps to be taken are purposefully omitted from the public discussion, because several people directly tied to the site in question have been banned from the chatroom.

Also, a website bitcoincomlawsuit.info was launched today so that all the people who've lost money due to the scheme can join in the lawsuit.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   120

This Monday, the Chinese mining company Bitmain announced the next-generation 7-nm chip codenamed BM1397, which, according to it surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

The BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain”, codenamed BM1391.

BM1397 is manufactured using TSMC, a Taiwan-based semiconductor product company, which is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of the Antminer S17 and Antminer T17 models, the release of which Bitmain promises to announce later. The company does not provide other details of the updated devices in its message.