Tencent May Deny Deal With Bitmain

Chief Strategy Officer from Blockstream had posted information on the issue
22 August 2018   1203

Chinese technology giant Tencent did not participate in financing of the largest manufacturer of mining equipment Bitmain. This was written by Samson Mow from Blockstream.

Samson Mow Twitter
Samson Mow Twitter

Here's the screenshot that Samson reposted:

Screenshot about Tencent

Samson Mow's tweet refers to the account BTCKING555. The latter attached a photo of the official statement, according to him, of Tencent, which states that the technology giant did not invest in Bitmain Technologies. The report also confirms information about Bitmain's intention to raise $ 3 billion during the IPO and place shares on the Hong Kong Stock Exchange.

Information on the participation of Tencent and SoftBank in financing Bitmain for $ 1 billion appeared earlier this month. However, the Japanese media corporation SoftBank soon disproved it.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   100

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.