Siacoin to Undergo a Hardfork on Jan 21

The hardfork of Siacoin will occur at block 139,000 on January 21 to ensure that when ASICs begin mining Siacoin in 2018 the change in hashrate will not break Sia's consensus functionality
19 January 2018   5356

The moderator of the official Siacoin thread on Reddit has presented the information regarding the upcoming Siacoin hard fork. It will occur at block 139,000, and will not result in new coins, because this is going to be an uncontroversial hardfork and the development team has not expressed interest in supporting it.

Estimated time of Siacoin hard fork Estimated time for Siacoin hard fork at the moment of press

Moreover, it is known that there are two separate hardforks, and the first one have already occured at block 135,000, on December 6, 2017. But that hardfork contained an unforeseen bug, which became the reason for Siacoin to undergo a second hardfork, which will occur at block 139,000.

The main reason for the upcoming hard fork is that the difficult adjustment algorithm of Sia needs a change to make sure that when ASICs begin mining Siacoin in 2018, the massive change in hashrate will not break Sia's consensus functionality.

After the fork occures, the block times will be reduced from 30 minutes to 10 minutes, and for Siacoin miners it will bring mining yields back to the same level they were before the first hardfork.

Earlier today we have reported that AntPool, one of the largest crypto-currency mining pools, added support for the mining of the Siacoin token.

At the moment of press, these are the main market parameters of Siacoin:

  • Average price: $0,050988
  • Market cap: $1 600 832 980
  • 24h volume: $104 331 000

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   405

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva