The world’s first 1GB block mined

The world's first 1.0001GB block has been mined on the Bitcoin Unlimited test network
17 October 2017   2100

Bitcoin Unlimited chief scientist, Peter Rizun, reveales that the first 1.0001GB block was mined on a Gigablock testnet. It goes without saying, that the event marks a significant milestone for the big block project backed by the University of British Colombia, Nchain, and the Bitcoin Unlimited development team.

Thus, the current initiative puts scalability to the test by experimenting with much larger blocks to improve blockchain transaction congestion. For instance, both BU and Nchain have been testing larger blocks already in two separate projects: Nchain has been testing 32MB blocks, while BU’s “nolnet” network built by Andrew Stone has experimented with 64MB blocks.      

The development teams believes that increasing the block size limit from 1MB to much larger blocks will significantly reduce high fees and transaction bottleneck. The Gigablock testnet project has very ambitious goals as it aims to create a network that can handle Visa-level transaction throughput (3,000 TPS).

Noteworthy, after testing the Gigablock trial’s findings will be published within the Bitcoin community, the technology may be applied to the Bitcoin Cash network in the future.

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   54

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.