The MinerGate team is informing you that due to the low interest for Bitcoin mining, caused by the ongoing trend of reduced profitability, it was decided to cease support of the MinerGate BTC mining pool.
For the past 10 years since Bitcoin was introduced to the world, people all around the globe have more or less got used to some classic model of cryptocurrency existence.
The Lightning Network or “Lightning” is basically a payment protocol that runs atop a blockchain (primarily for Bitcoin network), and is added as a kind of the second layer in order to process more transactions and eliminate mining fees.
No matter how optimistic some might have been regarding Bitcoin’s growth in 2017, the market’s bull-run, throughout the year, took price to a yearly high that exceeded the most hopeful predictions.
During the past few weeks, bitcoin’s transaction fees have markedly increased and today, it typically costs around $20 to send a payment across bitcoin’s network.
The drama that accompanies this story is described as joys, sadness, and nervousness, but if it is true, Bitcoin closes 2017 with a price of more than $ 15,000! It is multiplied by 15 from the initial price of $ 997.