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Author Topic: [2016-10-24]Bitcoin price surges past $650 on back of Chinese mining conference  (Read 214 times)
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October 24, 2016, 04:04:11 PM

The price of Bitcoin has risen 4% in the past 24 hours to over $650, led by Chinese exchanges on the back of a mining conference in Chengdu, which optimistically pointed to the end of the Bitcoin scaling debate.

The closing remarks from Huang shiliang, a famous bitcoin advocate in China, were essentially about galvanising the Chinese Bitcoin mining community, who own the majority of hashing power, to push for larger blocksizes sooner rather than later.
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