RATE Group | Why everyone in the crypto community is suddenly talking about bits and bytes
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Why everyone in the crypto community is suddenly talking about bits and bytes

29 Aug Why everyone in the crypto community is suddenly talking about bits and bytes

Posted at 18:59h in Cryptocurrency News by

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A tweet from Bitcoin’s self-proclaimed creator Craig Wright has got the entire cryptocurrency community turning to calculators.

Wright took to Twitter to posit that cryptocurrency mining pools that can’t mine blocks of 32MB – which even a 56K modem could handle – “deserve to be bankrupt.”

He further added that, in his opinion, such pools are just using the scaling problem of blockchain to “subsidize” their own failures. He also claimed that Bitcoin Cash (BCH) is solving this problem.

Things were all good until people started pointing out his calculations might be a bit off. A user pointed out that it will…

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