Introduction of Multi-Address Payment function provided by BTC.com
The BTC Blog
by BTC.com
2y ago
Background To satisfy the demands of miners in partnership allotting profits earned by mining, BTC.com has launched a function of multi-address payment on 28th July 2021. Miners can set multiple addresses under BTC sub-accounts and adjust the earning proportion of each address and the BTC.com pool will respectively distribute profits to addresses based on the earning proportion of each one. For example, Tom, Jerry, John, and David jointly bought a batch of miners, with a plan to distribute earnings upon the proportion of their investment in miners. Without Multi-Address Payment funct ..read more
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How Texas became the world’s new bitcoin mining hub?
The BTC Blog
by BTC.com
2y ago
Prior to China’s sudden crackdown, China’s mining dominance had already begun to slip and many miners have settled on Texas as their destination because Mining cryptocurrency requires lots of cheap energy. In the middle of rural Texas, a cryptocurrency mine is currently under construction. Hundreds of machines more powerful than the average computer will soon be housed in this 320-acre mining facility in Dickens county, where they will work day and night to solve a complex series of algorithms. If successful, the reward will be newly minted bitcoin, currently worth about $47,000 each. Al ..read more
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How Much Would it Cost to 51% Attack Bitcoin? | by BTC.com | Aug, 2021 | The BTC Blog
The BTC Blog
by BTC.com
2y ago
Recently, BSV reportedly suffered a ‘massive’ 51% attack beginning on 3rd August and resulting in up to three versions of the chain being mined simultaneously. For over 3 hours, attackers were able to take over the chain. All exchanges that received BSV deposits during that time might have been double-spent. Will it happen on Bitcoin? A 51% attack is an attack on a blockchain, which is a type of digital database in ledger form. With blockchain technology, information is collected together in groups or blocks and linked together to create a chain of data. In cryptocurrency trading, blockc ..read more
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How Much Would it Cost to 51% Attack Bitcoin?
The BTC Blog
by BTC.com
2y ago
Recently, BSV reportedly suffered a ‘massive’ 51% attack beginning on 3rd August and resulting in up to three versions of the chain being mined simultaneously. For over 3 hours, attackers were able to take over the chain. All exchanges that received BSV deposits during that time might have been double-spent. Will it happen on Bitcoin? A 51% attack is an attack on a blockchain, which is a type of digital database in ledger form. With blockchain technology, information is collected together in groups or blocks and linked together to create a chain of data. In cryptocurrency trading, blockch ..read more
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BTC.com Wallet offers Replay Protection and BCHA Extraction Tool
The BTC Blog
by Irina
3y ago
On November 15th, BCH(Bitcoin Cash) network successfully upgraded and adopted new consensus rules. This upgrade fork BCH out of two chains and a new token: BCHA(Bitcoin Cash ABC. Follow the steps below, and you will be able to claim your BCHA. A Successful Bitcoin Cash (BCH) Network Upgrade On November 15th, BCH network upgrade resulted in two separate chains: BCH and BCHA. This upgrade deployed the aserti3–2d difficulty adjustment algorithm (ASERT DAA) on BCH. The aserti3–2d DAA is simple to implement, well-tested, and extensively simulated. It incentivizes consistent mining, achie ..read more
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BTC.com wallet Announcement regarding the upcoming BCH Hard Fork
The BTC Blog
by Irina
3y ago
Dear Users: The Bitcoin Cash blockchain is scheduled to undergo a hard fork at 20:00:00 on November 15, 2020 (UTC+8). This upgrade is expected to fork Bitcoin Cash out of two chains, BCHA (Bitcoin Cash ABC) and BCHN (Bitcoin Cash Node). BTC.com will respect the community consensus and support BCHN by default. A further announcement will be made by BTC.com as soon as possible if there is any change. To prevent the loss of user’s assets during the hard fork, BCH deposit and withdrawal will be suspended from 12:00 (UTC+8) on November 15, 2020. If a new token is forked, BTC.com will follow u ..read more
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