Jihan Wu on his own? Bitmain reportedly wants out of ‘failure’ Bitcoin Cash
The Bitcoin Cash ABC (BCHABC) boat is sinking, and Bitmain—under new management—reportedly no longer wants to be part of it.
Quoting sources familiar with the matter, Bitmain Twitter critic BTCKING555 tweeted on Friday that the Chinese cryptocurrency mining equipment manufacturer “will dial down the support” for the BCHABC project, claiming “Macree Zhang wants to be nowhere near this failure.”
The Beijing-based ASIC device manufacturer has been in a downward spiral as it loses its competitive edge. In the third quarter of 2018, Bitmain reportedly lost about $400 million, and its efforts to grow BCHABC have been considered not only controversial, but “likely loss making.”
In an earlier post, BTCKING555 pointed out how some of Bitmain’s investors like IDG Capital and Sequoia Capital have been steering clear of the company, describing the company as...
BitcoinSV Coin Splitting Guide Importing an Electron Cash wallet.
This article is intended for users who have previous installed Electron Cash, and have wallets they already have used with it. They will want to safely split their Bitcoin SV (BSV) from the Bitcoin Cash ABC (BCH) held in those wallets.
Why split your coins? The problem that splitting coins solves, is to make it so you can spend the coins on the Bitcoin SV network without the same transaction also spending the coins on the Bitcoin Cash ABC network. This happens for coins that have not been split, because when your wallet creates the transaction that spends them, it has no way of marking that transaction so it only works on one of those networks.
How might this affect a user? Alice might sell Bob her BCH, but because her coins are unsplit, when her transaction gets broadcast so that it gets mined, Bob can also send it to the Bitcoin SV network. Bob then ends up with both Alice’s BCH and her BSV. Alice would be wise ...
Bitcoin SV – everything you need to know If you are familiar with the crypto space, you must have heard this story of epic resistance. In November 2018, Bitcoin Cash had a hard fork of the network – a radical upgrade splitting the blockchain in two. Two parties representing each side of the chain clashed in the social media war, possibly leading to the market crash.
The two sides were Bitcoin SV (Bitcoin Satoshi Vision or BSV) and Bitcoin Cash ABC (BCH ABC). BCH ABC, led by Roger Ver a.k.a. The Bitcoin Jesus was sticking to the position of not implementing any radical changes to the Bitcoin Cash blockchain. Bitcoin SV and their leader Craig Wright, on the other hand, were promoting increasing the block size from 32Mb to 128Mb.
After the hard fork, both teams started block generation – each of the sides wanted to produce as many blocks as possible to increase the hash rate. In the end, Bitcoin Cash ABC managed to score more and won this battle. However, the hash war was not over ju...
International patent of Dr Craig Wright for BSV and Nchain (Bitcoin Satoshi Vision BSV) applies to all Blockchains competitors: (BTC-ETH-LTC-XRP-EOS-XLM-ADA-TRON-XMR-DASH-MIOTA-NEO-ONT-MKR-XEM-XTZ-ZET-VET-DOGE-BATE-WAVE-QTUM-BTG- others blockchains ........ also all others tokens)