Topic: [2017-07-17] The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Softwa (Read 3167 times)
July 17, 2017, 04:20:03 PM
This explains why the market has increased to nearly the $2200 as we speak. I wonder how sustainable this increase is, as there isn't really much changed in regards to a potential chain split -- the potential risk is still there. I seriously hope that we can leave this nonsense behind us very quickly. People are sick and tired of all this nonsense. Other than that, I bought some coins yesterday around $1850, that I cashed out just now at slightly over the $2160 level. Let's see how much higher the price goes from here.
July 17, 2017, 03:16:55 PM
Quote
Why so early? Isn't this signalling shouldn't be started until 21 July. I guess it is better to start earlier and finish the job ASAP.
Let's just hope there won't be any fuck ups along the way and soon bitcoin will reach a new level of growth and prosperity.
Let's just hope there won't be any fuck ups along the way and soon bitcoin will reach a new level of growth and prosperity.
Much better to really signal the activation a week earlier because we don't know if there are a lot of problems that will arises. As a Software QA, this is a good moved, so that we can uncover defects or bugs early so that they can correct them along the way. And yes this will be a milestone in bitcoin history specially if everything went smooth so that the price could really reach new heights as everyone is expecting.
July 17, 2017, 03:04:50 PM
The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software
It seems July 17 has initiated the beginning steps towards Segwit2x activation as the code has been released and miners who supported the “New York Agreement” (NYA) have started running the new BTC1 software.
Miners Begin Running the New Segwit2x Software
As the price of bitcoin dropped to new lows this weekend, some bitcoin proponents were patiently waiting for the promised BTC1 software. Now it seems in a short period of time the bitcoin ‘community’ may see the protocol Segregated Witness (Segwit) activated as the mining community has begun to signal BIP91. The proposal BIP91 is a combination of Segwit2x and BIP148. The version 1.14.4 code has been pushed to the repository by the Segwit2x working group, and a few mining pools have already started running the protocol. The China-based Bitmain technologies announced their support via Twitter by stating;
"All of our bitcoin mining pools will start running the new Segwit2x software today"
Other mining pools signaling and mining BIP91 blocks include Bixin, Antpool, BTC.com, Bitfury, and Bitclub so far. Now spectators are waiting for other pools like BTCC, F2pool, Slush, and a few others to join. Back in June Bitcoin.com reported on how a vast majority of the hashrate was signaling their initial support for Segwit2x. Miners running the new BTC1 software and currently signaling BIP91 means that if enough hashrate reaches over 80 percent and continues for a 336 block period, Segwit will “lock in”. If all is successful, this will then lead to another 336 block period that will activate the Segwit protocol on the main chain.
Read more
https://news.bitcoin.com/bitcoin-scaling-countdown-miners-segwit2x-software/
It seems July 17 has initiated the beginning steps towards Segwit2x activation as the code has been released and miners who supported the “New York Agreement” (NYA) have started running the new BTC1 software.
Miners Begin Running the New Segwit2x Software
As the price of bitcoin dropped to new lows this weekend, some bitcoin proponents were patiently waiting for the promised BTC1 software. Now it seems in a short period of time the bitcoin ‘community’ may see the protocol Segregated Witness (Segwit) activated as the mining community has begun to signal BIP91. The proposal BIP91 is a combination of Segwit2x and BIP148. The version 1.14.4 code has been pushed to the repository by the Segwit2x working group, and a few mining pools have already started running the protocol. The China-based Bitmain technologies announced their support via Twitter by stating;
"All of our bitcoin mining pools will start running the new Segwit2x software today"
Other mining pools signaling and mining BIP91 blocks include Bixin, Antpool, BTC.com, Bitfury, and Bitclub so far. Now spectators are waiting for other pools like BTCC, F2pool, Slush, and a few others to join. Back in June Bitcoin.com reported on how a vast majority of the hashrate was signaling their initial support for Segwit2x. Miners running the new BTC1 software and currently signaling BIP91 means that if enough hashrate reaches over 80 percent and continues for a 336 block period, Segwit will “lock in”. If all is successful, this will then lead to another 336 block period that will activate the Segwit protocol on the main chain.
Read more
https://news.bitcoin.com/bitcoin-scaling-countdown-miners-segwit2x-software/
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