Bitcoin Miners Are Signaling Support for the New York Agreement

As of today, over 80 percent of miners (by hash power) are including the letters “NYA” in the blocks they mine. This follows the publication of letters (translation) in which a group of Chinese Bitcoin companies — notably including most mining pool operators — announced that they would signal support for “the New York Agreement.”

Here’s what this means in the context of Bitcoin Core’s scaling roadmap, the upcoming BIP148 user activated soft fork (UASF) on August 1, 2017, and Bitcoin’s broader scaling debate.

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