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@kdmine I wonder what happens now.... so Garza pleads guilty to one charge, but the others are dropped and no consequences in those cases?

So he is facing jail time for fraud. It would be interesting to hear what @Allen1980s has to say in this matter. If the group case is still ongoing or if it gets dropped cold and that's the end of the GAW Hashlet disaster.?

posted in The Lounge read more

Keep your coins in your own wallets people, if you dont hold the private keys... the coins are not in your possession!

posted in Economics & Trading read more

@apmapm12 Thats great, hope that many talented people decide to move to the east coast :)

posted in The Lounge read more

@BitFire Lots of talk about pivx, I hadn't heard about it until recently. Being a PoS coin it fell off my radar completely as I only look into PoW coins. Thanks for posting, being a Dash clone it has a lot of interesting features and it will be interesting to see what they can do with the coin down the road.

posted in Altcoin Discussions read more

@CryptoMadeMan if some hardware manufacturers had a way to improve hashing by ~20% they would be stupid not to use this edge against the competition. Of course they are using this edge and that is likely why they are at least partially resistant against the Bitcoin Core suggested SegWit upgrade, as it renders this hashing gain void.

As the 95% consensus requirement for Segwit stands, Bitmain will make sure that it is never activated. That is probably why the hardcore "Core" supporters are so frustrated.

posted in Cloud Mining read more

@kdmine My take on it is that at this point it has got down to prestige and to be the "true" bitcoin. I'd say that if BU reached a large majority of the network it would trigger a hard fork. But would that make it an altcoin? Roger Ver holds bitcoin.com as well, so they would of course market themselves as the true Nakamoto Bitcoin.

At this point I'm thinking that BC vs BU will drag on until perhaps Bitcoin becomes challenged by ETH or Dash as a functional payments network. Then Bitcoin as a whole will be forced to solve the matter or accept being #2 in the cryptosphere.

Who knows really... I find the whole matter absurd. Heck my kids get along far better than the two fractions within Bitcoin. ;)

posted in Cloud Mining read more

@IceKohl Because Blockstream tells the devs what to say (easy when they are paying the bills), and they want their off chain transactions. The miners have given them the finger and all in all, everyone is bitching and moaning because no one can have in their way in this decentralized mess.

posted in Cloud Mining read more

Here's more information on what Asicboost is and why this is controversial:

http://www.coindesk.com/bitcoins-new-controversy-asicboost-allegations-explained/

Basically it gives +20% to the asic but makes it non compatible with Segwit. This is probably a reason as to why the Bitcoin community is so devided and unwilling to find any kinds of common grounds. Miners want their boost and the core team wants another code, but the miners are not supporting it.

posted in Cloud Mining read more

posted in The Lounge read more

Hey Admin, no problem. If they have made that request I think we may honor that. They are a good company, just very expensive for the average miner.

The SEO explanation sounds like BS, it's the referral links that bring in traffic to their site, not the other way around! Maybe they inhaled too much fumes from their sha256 machines, either way I'll remove the link. No problems!

posted in The Lounge read more