Sportsbook Review reached out to Nitrogen Sports (SBR rating B+) for their position on how they will handle the upcoming bitcoin soft fork on Tuesday, August 1.
Nitrogen's comments are available below:
"We’re sure many of you are aware of the recent conversation in the Bitcoin community regarding improvement protocols and finding a technical solution to network congestion.
Technical changes on this scale do add the risk of temporary instability to the network, and Nitrogen Sports needs to take this into account as we look to protect our players during this period.
Ahead of the August 1st split event, Nitrogen is proactively taking the following temporary measures to protect its players:
Jul. 30 @ 08:00 EST – All withdrawals will be stopped. Any withdrawals made before the cutoff time will be processed normally.
Aug. 1 @ 04:00 EST – All deposits will be stopped. Any deposits made before the cutoff time will clear after 1 or more confirmation.
Aug. 1 @ 06:00 EST – 3 Card Poker, Baccarat, and Poker will be unavailable to all players for a short time.
Aug. 1 @ 12:00 EST – Assuming network stability, deposits will be reactivated.
Aug. 1 @ 17:00 EST – Assuming network stability, withdrawals will be reactivated.
After August 1st, Nitrogen Sports will assess the events on the BTC network split and will implement a process to ensure that players have the ability to withdraw in alternate versions of BTC, as they wish (eg. BCC).
Thank you for your patience and understanding."
Many bitcoin exchanges and sportsbooks will temporarily cease processing transfers while the fork takes place. Average bitcoin users who have funds held in wallets or by exchanges have nothing to worry about, though power users and traders looking to capitalize on the addition of a second bitcoin 'chain' are positioning themselves to redeem their bitcoin on both chains. Discuss with SBR Forum users.