As previously announced, the main chain for Bitcoin Ore’s groundbreaking Proof of Capacity mining system will come into operation on January 28th 2018. From this date, mining will once again be open to all.
Taking into consideration the requirements exchanges have regarding the operational stability of the main chain. We have decided to wait for the main chain to become fully stable before initiating the fork. In addition, we will carefully consider which technology to use as the basis of Bitcoin Ore. In addition to classic Bitcoin we are also looking at United Bitcoin (UBTC), which is a strong alternative. We plan to announce full details of which solution we will use. And the exact time of forking approximately one week before the January 28th scheduled fork.
As of December 30th, we had agreements with zb.com, aex.com, exx.com, and lbank.info regarding the issuing of Bitcoin Ore at the fork. In order to fulfil these agreements, the Bitcoin Ore main chain will issue Bitcoin Ore to users of these four exchanges at block height of 501949. Bitcoin Ore will be issued at a ratio of 1:1 for those holding Bitcoin at that time (excluding the overlap between now and January 28th)
We’d like to thank you all for your support of Bitcoin Ore so far. We are only at the beginning of our mission to make Bitcoin mining available to all again, and we are certain that Proof of Capacity is the future and will replace Proof of Work in time. We look forward to your continued support and the birth of a better Bitcoin!
A low-cost, environmentally friendly POC method that takes the advantage away from expensive ASICs. Based on Proof of Capacity technology, making mining accessible to all
|Name||Bitcoin Ore (BCO)|
|Ratio to BTC||1:1|
Bitcoin vs Bitcoin Ore
|Max. Supply||21 Million||21 Million|
|Mining Algorithm||SHA256||Proof of Capacity (POC)|
|Blocktime||10 min.||5 min.|
|Difficulty Adj.||2 Weeks||2 Weeks|
|Established since||2009||December 2017|
Not tradeable yet