Super Bitcoin: another Bitcoin fork?

Should we wait for a new hardfork of Bitcoin just a couple of days after the previous one happened? Let’s try to figure out
26 November 2017   5581

Just a couple of days after the news about Bitcoin Diamond fork, the reports about the launch of another Bitcoin hardfork started to appear. 

What is Super Bitcoin?

As it is stated on the official website of Super Bitcoin (SBTC) it is an experiment which aims to implement promising solutions that the community has been proposing. It is also said that past 3 year-competition of the Bitcoin’s capacity expansion has prevented its development and a large market share was lost due to the pressue from the smart contract of Ethereum and Zcash. Therefore, a large number of geeks and the renowned professionals in Bitcoin circle have been summoned to inject new momentum into Bitcoin.

The Bitcoin will be forked at block 498888 and new qualities are promised to be incorporated as well. All Bitcoin holders are stated to be given one Super Bitcoin for each Bitcoin they hold for free.

super bitcoin roadmapSuper Bitcoin roadmap

The total amount of Super Bitcoin is 21,210,000, and 210,000 of which were pre-mine. Those 210,000 SBTC shall be managed by the foundation to encourage the early developers, invest ecological construction and operate the foundation.

The main features of Super Bitcoin are stated as follows:

  • Smart Contract
  • Lightening Network
  • Zero-knowledge proof
  • Bigger Blocks

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   117

Users of HashFlare mining pool can't withdraw their funds, while their contracts are threatened with a temporary ban. Even lower restrictions on withdrawal of funds in the amount of 0.03 BTC caused problems for users, but the service raised the threshold to 0.05 BTC and 0.1 ETH . This is reported by Cryptovest.

In addition, financial pyramids are often promoted under the guise of mining contracts for cloud mining. For last few months, there was a big jump in mining difficulty of many cryptocurrencies, so, old contacts had become unprofitable.

As reported, the reason for the locked funds dates back further - at the beginning of June, so much hashing power was flowing into the Bitcoin network that contracts saw all the mined coins go toward their maintenance fee.

Currently, more and more users who have purchased contracts at earlier stages are facing the fact that they can not withdraw their funds. One of them managed to return the money spent through the bank card operator after filing a corresponding complaint.

To anybody that purchased a Hashflare cloud mining contract with a credit card, it might be possible to get a refund with that credit card as one of my followers tipped me. He bought his contracts at the end of 2017.

bccponzi at Twitter

The hash rate of bitcoin increased from 13 EHash / s at the beginning of the year to more than 40 EHash / s in recent months. The difficulty of mining in the present conditions depends on the circumstances of the specific miner. The cost of bitcoin mining for some of them is $ 4,400, while others spend about $ 5,800. However, in 2018, cloudy mining is called an even more dubious occupation than before, especially when it comes to mining bitcoin.