Chinese Mining Pools Propose Alternative 8 MB Block Size

By June 16, 2015Bitcoin Business

Five of China’s biggest mining pools — AntPool, F2Pool, BTCChina, BW Mining, and Huobi — have mutually agreed to a raise of the block size limit to 8 MB. In a statement sent to CoinTelegraph and posted today on the Bitcoin subreddit, they collectively rejected Bitcoin core developer Gavin Andresen’s proposal to raise the limit from 1 MB to 20 MB, and instead presented a compromise.

The mining pools came to the agreement at the […]

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