All About BTC, LTC, ETH mining as well as other alternative crypto currencies
New York’s controversial BitLicense has driven away two more Bitcoin exchanges away from NY, these are Kraken and Bitfinex who are not going to be applying for the BitLicense at this time. Both exchanges will stop servicing clients living in the state of New York in order to avoid complications due to the financial regulation change. Another large Bitcoin exchange, namely BitStamp, apparently has plans for applying for a BitLicense in order to be able to continue to operate in New York. The biggest concerns that people have with the BitLicense regulations is regarding their privacy and since Bitcoin and crypto currencies are more privacy oriented it is no wonder that crypto currency businesses decide to get out of NY instead of applying for BitLicense.
The cloud mining provider Genesis Mining has announced their project called Genesis Hive – a web interface that enables you to easily setup, watch, and manage your bitcoin or altcoin mining farm. Think of it as the ultimate control panel to manage your mining rigs in a large scale crypto currency mining operation such as the one the company has been operating. In fact the Genesis Hive has been developed for internal use as the company needed to be able to have an easy to use solution for monitoring and controlling of the hardware in their own mining data centers. The project is designed for large scale mining operation and is not intended for small home miners, so if you are interested you can check more details about the solution and inquire for additional information such as hardware compatibility and pricing.
It seems that the number of unconfirmed transactions on the Bitcoin blockchain has been growing steadily over the last few days with the increase in price and user interest and trading as well. We are not sure if there is some test of the network going on yet again, but as far as we know there isn’t any at the moment. Yesterday it was over 10K and today this number has grown to over 17K and the number continues to increase, essentially making the waiting time for a transaction to be confirmed to a few hours. The wait time for transactions with lower network fees could be even more, so be aware of that when sending payments or transferring BTC between wallets.