Tag: BitFury

Pro-Segwit Bitfury Overtakes Antpool to Become World’s Largest Miner

Segregated Witness (Segwit) supporting miners and mining pools are taking over Bitcoin Unlimited miners such as Antpool and HaoBTC. Due to multiple bug exploitations and controversial development errors from the Bitcoin Unlimited team, the entire bitcoin market including bitcoin exchanges, wallets, users, developers and miners are switching over to Bitcoin Core team’s scaling solution. Particularly, the Bitfury group, leading blockchain technology company and mining facility operator, officially took over Antpool …
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BitFury Mines a Block Signalling The SegWit User-activated Soft Fork

The bitcoin scaling debate has taken yet another turn, although very few people saw this latest development coming. BitFury, one of the largest bitcoin mining pools, successfully mined a block on the network that signals for the user-activated SegWit soft fork. A rather controversial decision, although it could signal an end to the scaling debate once and for all. BitFury Sparks A New Scaling Debate Recently, a post appeared on Reddit …
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BitFury Becomes Desperate and Threatens to Sue Bitcoin Developers

When you thought things couldn’t get any more interesting, George Kikvadze, Vice Chairman of BitFury firing some shots on twitter. According to him, those that might possibly change the POW protocol for Bitcoin will get prosecuted to the fullest extent. It is obvious why BitFury is terrified of a POW change, the company raised over $90M in funding which could become futile if Bitcoin’s consensus mechanism is altered. For the nontechnical …
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Bitfury Signaling SegWit Activation Brings Network Hashrate Support To 28%

With Segregated Witness signaling underway on the Bitcoin network, it appears that support for this solution is growing. Bitfury is the latest mining pool to support signaling, adding another 8% of the total network hashrate for Bitcoin Core. With 28% of the network hashrate for SegWit right now, things are looking positive. But there is still a long way to go before SegWit activates. Bitfury Shows Support For Segregated Witness …
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