Posts Tagged ‘BitPay’

More Bitcoin Companies Endorse Bigger Blocks and BIP101

24, Aug 2015

blockchain-logo

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.

– To see the signed copy of the letter in support of bigger blocks and BIP101 in PDF format…

Fun April 1st Jokes with Crypto Currency

1, Apr 2015

project-newton-joke

It is April 1st and companies that work with Bitcoins and other crypto currencies are releasing clever or not so clever new ideas or projects as a fun and engaging way to celebrate the day. Of course we are talking about jokes, not something real… or is it? We’ve collected some of the more interesting and fun April 1st Jokes here, so if you have not yet seen them do enjoy and remember, these are jokes and not real things or upcoming projects or products!

– The BitPay Klondike is a car powered Bitcoin ASIC miner supposedly capable to provide users that get it installed in their cars with 400 GH/s hashrate being powered from the reclaimed kinetic energy generated by braking the car.
– Newegg Introducing Own Cryptocurrency called EGGCOIN, the online retailer does accept Bitcoin as a form of payment, but they are actually not really launching their own egg-based altcoin.
– ChangeTip SCAN is a device that will turn paper currency (fiat) to digital currency such as Bitcoin by scanning your dollar bills and exchanging them for Bitcoins and then destroying the physical bill, well not really.
– Greece Will Adopt the Bitcoin, so apparently the finance minister of the country wants to move from Euro to Bitcoin, well, not really.
– Bitreserve Introducing Adamantium and Orichalcum, the service really introduces some interesting new fictional precious metals.
– Spondoolies-Tech SAT10 Mega CPU SHA256 Miner to be released in limited quantities, a special Intel NUC-based PC being able to achieve 100 TH/s SHA-256 hashrate using the CPU for mining with specially optimized mining software.
– CoinDesk Launches Moon Bureau, the crypto currency news site is relocating their operations to the Moon and employees will be able to return back to Earth when the Bitcoin price passes the $5000 USD mark.

3D Hubs Starting to Accept Bitcoin Payments

11, Mar 2015

3d-hubs-bitcoin-payment

3D Hubs, a community that connects people around the world with 3D printers and people that need something 3D printed, has just announced with a post on Twitter that it has partnered with BitPay to start accepting Bitcoin payments. Currently the service has over 13000 users with 3D printers from around the world registered and offering their services to print models for customers to pick up locally or get shipped to them. The customers that pay for the service of getting their 3D model printed will apparently now also be able to pay with Bitcoins.

3D printing and Bitcoin are new technologies that seem to be like a good match, we’ve already seen some companies selling 3D printers, parts and filament for them for Bitcoins. So the step that one of the largest 3D printer owner communities 3D Hubs has taken to integrate Bitcoin support is more than welcome by the people using the service, both as customers and as service providers.


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