CoinPot Latest news

We have added initial support for 2 more coins...

Bitcoin Cash

Available functions...

• Mine bitcoin cash
• Convert bitcoin cash instantly to and from our other supported coins
• Withdraw bitcoin cash to your wallet or Faucethub account

(Bitcoin cash deposits are not available right now but will be coming very soon!)

SOME BACKGROUND INFORMATION

On 1st August 2017 a hardfork took place on the bitcoin network and bitcoin was essentially split into 2 independent chains - bitcoin core (BTC) and bitcoin cash (BCH).
Each of these chains now has its own development team(s), market value and future scaling roadmap.
Within CoinPot all your previous bitcoin transactions and balance are now shown under Bitcoin Core.
1) Bitcoin Core is positioned as a highly secure and decentralized store of value. Its main uses are trading, investment/speculation and its scaling roadmap concentrates on layer 2 solutions (such as Lightning Network)
2) Bitcoin Cash on the other hand aims to scale on-chain (e.g. via blocksize limit increases) providing lower transaction fees, which in turn means better support for e-commerce and micro-transactions.
At CoinPot we strongly believe that these 2 bitcoin chains compliment each other and each has significant value. Therefore we will provide equal support going forward from now.

Dash

Available functions...

• Mine dash
• Convert dash instantly to and from our other supported coins
• Withdraw dash to your wallet or Faucethub account

(Dash deposits are not available right now but will be coming very soon!)