All About BTC, LTC, ETH mining as well as other alternative crypto currencies
If you did not know Steam has introduced support for online game purchases with Bitcoin in April last year, allowing users of the crypto currency to quickly and easily spend it for software. The payment processor that Valve is using for accepting Bitcoin payments is BitPay. We have recently tried purchasing some games with Bitcoin from Steam and were pleasantly surprised by the experience we’ve had…
Once you select Bitcoin as the payment method you are presented with a QR code to scan to do a payment with a mobile device or you can just copy and paste the BTC address and the amount of coins you need to send to complete the payment. You have 15 minutes to initiate the transaction and as soon as you send the coins and the transaction gets broadcasted over the network the payment is accepted, no need to wait for a minimum of 6 confirmations or anything like that. Really quick and easy to pay with Bitcoin for games on Steam and then you can just go on playing them, so if you still haven’t tried paying with Bitcoin then you might want to give it a try.
Wargaming, the company behind the very sucessfull line of strategy-based massively-multiplayer online (MMO) games World of Tanks, World of Warships and World of Warplanes has announced their partnership with BitPay to add Bitcoin payment support. The company’s games are all free to play, and players can customize their gaming with new weapons and vehicles by purchasing in game resources and items. Now players in the United States can use Bitcoin to get the virtual gold that serves as Wargaming’s currency for in-game power-ups in World of Tanks, World of Warships, and World of Warplanes. Unfortunately there is no information if or when Bitcoin support will be added for other regions as the announcement specifically mentions support only for United States. Also it seems that Wargaming is not promoting the availability of Bitcoin payments as a separate entry in the list fo available payments yet and instead it is a part of the online payment types and not as a separate major entry in the list of available payment options. Still it is good news for both the players of the games and for Bitcoin as it continues to get accepted by more and more merchants as a payment method along other more traditional and established payment methods.
Blockchain, along with other big names in the Bitcoin industry have just released a public letter in support the implementation of BIP101 and larger Bitcoin blocks. Other companies that have signed the document include BitPay, Circle, Kncminer, Bitnet, Xapo and Bitgo and other companies are encouraged to join. Below is the document quoted and you can also find a link to the contents and signatures of the presidents and CEOs of the companies that have signed it:
Our community stands at a crossroads. The debate about which path to take has, by and large, been a healthy one, and we have not interposed our own positions or interfered in the discourse. Until today, our involvement has consisted of listening, researching and testing. We believe that work is complete, and it is time to communicate our view in a clear and transparent manner.
After lengthy conversations with core developers, miners, our own technical teams, and other industry participants, we believe it is imperative that we plan for success by raising the maximum block size.
We support the implementation of BIP101. We have found Gavin’s arguments on both the need for larger blocks and the feasibility of their implementation – while safeguarding Bitcoin’s decentralization – to be convincing. BIP101 and 8MB blocks are already supported by a majority of the miners and we feel it is time for the industry to unite behind this proposal.
Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.
As our community grows, it is essential – now more than ever that we seek strong consensus to ensure network reliability. We pledge to support BIP101 in our software and systems by December 2015, and we encourage others to join us.
Note that the companies that have signed the letter are pledging that they will be ready for larger blocks by December 2015. Some of the large Bitcoin mining pools have already implemented support for larger Bitcoin blocks, but there is still no consensus among all players in the Bitcoin ecosystem about the matter. We too believe that Bitcoin needs to start using larger blocks in the future in order to be able to scale up with the increased usage, but as to how this should be implement is a different story however.