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1  Bitcoin / Press / [2017-11-10] Mysterious Group BitPico Threatens to Execute the Bitcoin Hard Fork on: November 09, 2017, 10:39:14 PM

A mysterious individual or group operating under the name “BitPico” has vowed that it will activate the SegWit2x hard fork as planned despite the decision by leading proponents to suspend the controversial scaling proposal indefinitely.

As CCN reported on Wednesday, a group of leading SegWit2x advocates — including developer Jeff Garzik, project lead Mike Belshe, and Bitmain CEO Jihan Wu — published a joint statement calling off the hard fork until consensus for the upgrade could be achieved. With these influential personalities calling for the fork’s suspension, the community breathed a sigh of relief that a blockchain split had been avoided — or at least postponed.

However, at least one entity is vowing to activate the hard fork as scheduled. That person or group is BitPico, a hitherto unknown entity that has nevertheless been active on the SegWit2x mailing list.

Here is BitPico’s full statement, which was sent as a reply to the joint statement calling off the fork:

“We are carrying out the fork regardless as everything is set in motion. Backing down the difficulty right now is a strategy. Wonder why 30% network hash-rate disappeared?  It’s ours; the miners that will continue what is set in motion… A handful of humans cannot stop what they have no control over…”

Who is BitPico?

The most significant part of BitPico’s threat to execute SegWit2x is that he, she, or they control 30% of the bitcoin hashrate and have made it disappear from the network. But despite this bold claim, no one is quite sure who or what BitPico is. This, coupled with several other observations, makes the vow that the hard fork will activate as scheduled appear dubious.

First, BitPico did not sign the New York Agreement (NYA) that set SegWit2x into motion, nor was it publicly “shamed” by in its list of SegWit2x supporters. Were BitPico really as influential as it claims, there would certainly be more evidence of its existence.

Second, BitPico claimed in an email last month that their pool accounted for 1.72% of the global hashrate and that they were in the process of adding another 3-4% by the end of October. So by their own admission, that would mean that their share of the hashrate had grown by at least 24% in less than two weeks — a highly unlikely scenario, especially considering that this group has very little online footprint aside from a vacant Github repository and a sparsely-used Twitter feed.

Third, although the hash rate has made a minor decline since Wednesday, the dip is nowhere near 30% and is most likely part of the network’s normal fluctuations.

Finally, the threat appears hollow even if you accept the group’s claim its software is “enterprise-grade,” which is why it has not been active on Github. Even if the group did account for 30% of the hashrate, that would not be enough to make SegWit2x the “chain with the most accumulated difficulty,” which is the standard that SegWit2x-supporting companies such as Xapo and Coinbase stated they would use to determine which blockchain is “Bitcoin”.

Taking these factors into consideration, it does not appear that one should take BitPico’s threat to activate SegWit2x seriously.
2  Bitcoin / Press / [2017-11-09] BREAKING: Is Bitcoin Segwit2x BACK ON? Rebel miners go rogue and pu on: November 09, 2017, 10:19:53 PM

News is breaking late tonight following an e-mail sent out to the Segwit2x e-mail list.

A developer going by "bitpico" says the fork is still on, backed with a 30% hash rate.  The e-mail reads as follows:

We are carrying out the fork regardless as everything is set in motion. Backing down the difficulty right now is a strategy. Wonder why 30% network hash-rate disappeared?  It’s ours; the miners that will continue what is set in motion... A handful of humans cannot stop what they have no control over...- Sent from my Space Ship

The e-mail that went out late Wednesday night.

We found a user who appears to be the same person on the forums at, posting similar messages:

Majority miners never claimed to have backed out of SegWit2x. It is not cancelled nor can it be...
A handful of people cannot "call off" a hard fork. The miners decide...

Still unclear how legitimate his claims are.  If this is one disappointed Segwit2x fan, or someone really speaking for a large pool of miners.

Also surprising - Segwit2x futures are also slowly rising late tonight to $350 after reaching a low of $146 earlier today.

Most importantly though - the concerns around Segwit2x was it's bold goal to replace Bitcoin, that issue is closed for now, and needless to say even if these miners statements are true - at best with this 'no consensus needed' attitude they're just creating an altcoin.
3  Bitcoin / Mining speculation / Bitfury a threat? on: September 24, 2015, 08:20:23 PM

Bitfury is one company that already controls 15% of the mining on the network and now they are going to build something capable of supporting 1000 PH of new mining gear? The entire network right now is only 400 PH.
4  Economy / Computer hardware / [WTS] 100x Antminer S1 - .2 BTC each on: August 01, 2014, 04:30:53 AM
I have 100 Antminer S1s available for sale. They run very stable at ~180 GH/s each and can be overclocked to ~200 GH/s.

The minimum order is 10 units. Power supplies are not included.  

The price is .2 BTC each plus shipping and escrow.

Save on shipping and escrow by picking up in the Los Angeles area.
5  Bitcoin / Press / [2014-07-30] Bitcoin Announcement from the Wikimedia Foundation on: July 30, 2014, 04:59:48 PM
Dear Wikipedia Supporter,

Recently, many donors have been in touch to say they were interested in supporting us with donations of Bitcoin. We are happy to announce that as of today, the Wikimedia Foundation will be accepting Bitcoin donations. You can read our announcement here:

We strive to provide flexible e-payment options for our donors around the globe, and we’re happy to add this new way to give today. If you choose to give, your donation will support the technology, people, and projects working to provide the sum all of human knowledge to everyone, for free.

Please click here to donate Bitcoin.

We have no plans to accept other forms of cryptocurrency in the near future, but we will continue to monitor them with interest. For a full list of other donation options, please visit:

Thanks again for taking the time to email us,
The Wikimedia Foundation Fundraising Team
6  Economy / Computer hardware / [SOLD] 10 October Jupiters 5.75 TH/s - 7.5 BTC - US Only [SOLD] on: July 29, 2014, 05:45:27 PM
I have 10 October KNC Jupiters for sale. They all run around 575-580 GH/s and can be overclocked to around 620-625 GH/s. Power supplies are not included.

7.5 BTC plus shipping & escrow from Southern California.

Local pickup is possible to save on shipping and escrow.
7  Other / Beginners & Help / Open the Blockchain in a Database on: July 30, 2013, 12:53:57 AM
Can anyone tell me how to open the blockchain using a database program such as Access?  I apparently have the blockchain since I have bitcoin installed but I can not view it in anything but the native program.  I tried importing the dat files but couldn't.
8  Bitcoin / Group buys / [CANCELLED] Group Buy KNC Miner Jupiter on: July 04, 2013, 08:24:42 PM
I am cancelling this project due to lack of interest.
9  Economy / Securities / [CANCELLED] Mining Company based on KNC Miners on: July 02, 2013, 02:11:01 AM
I am cancelling this project due to lack of interest.
10  Bitcoin / Group buys / [CANCELLED] KNC Miner Jupiter Group Buy on: June 30, 2013, 12:02:46 AM
I am cancelling this project due to lack of interest.
11  Other / Beginners & Help / Stupid on: June 19, 2013, 12:13:10 AM
I have been visiting this site for a year but now that I need to bid on an auction, I can't because I have to rack up time and a post count in the newbies section first?
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