All About BTC, LTC, ETH mining as well as other alternative crypto currencies
There is still a month before the second Bitcoin block reward halving occurs, but the last two weeks or so the exchange rate of Bitcoin has been steadily increasing from a little over $400 USD to over $700 already. The driving force behind this a bit unexpected significant increase is considered to be the Chinese markets that have been quite active lately with a lot of people buying bitcoins as a means of investment instead of keeping their fiat money (getting devaluated) or investing in other more traditional means such as stocks or gold for example. With this serious increase in price even before the halving of the block reward (the second one for Bitcoin) some of the people that jumped in early have managed to already get a nice profit. The big question however is how high will the BTC price go before the halving occurs and after it happens early next month…
Here comes the official release of Bitcoin Core v0.12.0, but note that there is still no final solution implemented for the growth of block size over time and the debate continues. Still a lot of work has gone into this release and it may just be the biggest one yet, with more significant improvements than any other before.
Here is a list of the major improvements in version 0.12:
– 7x Faster Signature Validation
– Ability to Limit Upload Traffic
– Crash Prevention via Memory Pool Limits
– Option to Send Transactions That Can Be Fee-Boosted
– Improved Rules for Transaction Relaying
– Automatic Usage of Tor When it’s Running
– Ability for Apps to Subscribe to Notifications With ZeroMQ
– Massively Reduced Disk Usage for Wallets
– Much Faster Block Assembly for Miners
In addition to these, there are 13 other improvements that didn’t make the top list but are nonetheless quite valuable. You can find a complete list of them in the Change log.
After hovering around $380 USD for quite some time since the beginning of this month, Bitcoin has finally moved past the $400 USD exchange rate again and is pushing to get higher. While BTC has been somewhat low in terms of price, but with a network difficulty that is continuing to grow rapidly with another 20 or so percent increase in the network difficulty right around the corner some altcoins have managed to do great. We are talking about Ethereum (ETH) that has had its price skyrocket to over 5 Euro and over 6 USD in the last days and that has also sparked some temporary, but huge interest in some of the Ethereum forks such as Expanse. The way things are moving with more big jumps in the difficulty and the second upcoming block halving this summer people are expecting to see Bitcoin doubling its price, but we are yet to see if that will happen this summer or not…