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[2016-11-01] ViaBTC Loses Hash Power, Impact on Bitcoin Core

Tue Nov 01, 2016 8:29 pm

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In a controversial announcement, major bitcoin mining pool ViaBTC publicly stated that all of its hash power will be allocated to mining Bitcoin Unlimited blocks, a hard fork proposal intended to increase the block size to a capacity that miners agree on.

Since the initial announcement on October 10, ViaBTC continued to create controversy over their questionable statements and discussions, which included their claims that SegWit and Lightning Network must be prevented as they fail to represent the values of Bitcoin and solve scalability issues...

Read more here:

https://btcmanager.com/news/viabtc-lose ... coin-core/


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Re: [2016-11-01] ViaBTC Loses Hash Power, Impact on Bitcoin Core

Wed Nov 02, 2016 1:55 am

Visit https://bitnodes.21.co/nodes/ and you will see that Bitcoin Core 0.13.1 which enables SegWit already has three times the nodes of BU. Since miners have nothing to lose and extra transactions per second to gain just by using 0.13.1 expect SegWit to validate early next year. This will put the XT/Classic/BU controversy behind us finally.

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Re: [2016-11-01] ViaBTC Loses Hash Power, Impact on Bitcoin Core

Wed Nov 02, 2016 2:41 am

It is too bad it will not put the base block size argument in the past as well.
There needs to be both. I think that SegWit and a hard base block size increase are both pieces of the same puzzle in gaining transaction space. So many parts.
Visit https://bitnodes.21.co/nodes/ and you will see that Bitcoin Core 0.13.1 which enables SegWit already has three times the nodes of BU. Since miners have nothing to lose and extra transactions per second to gain just by using 0.13.1 expect SegWit to validate early next year. This will put the XT/Classic/BU controversy behind us finally.
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