Bitmain Rushes to Deploy 90,000 Antminer S9 Miners in Xinjiang as Bitcoin Cash Hard Fork Looms
With the Bitcoin Cash(BCH)hard fork 7 days way, the two opposing camps—Bitcoin ABC and nChain—are moving forward with their plans.
Bitmain, the world’s biggest maker of cryptocurrency hardware and the loyal proponent of Bitcoin ABC, is expediting the deployment of roughly 90,000 Antminer S9 miners in China’s far-western region of Xinjiang, to gain upper hand in the upcoming ‘computing power war’, local news outlet DeepChain reported on Wednesday.
Yu Hao, a mining farm operator in Xinjiang, told DeepChain that Bitmain’s Antpool has talked to nearly all mining farms in the region since late October, and convinced them to host nearly 90,000 S9 miners.
“ AntPool requested that a single mining farm should host over 5,000 machines,” said Yu. But in fact, only a few mining farms can satisfy their demand.
In autumn, coal-abundant regions such as Xinjiang and Inner Mongolia have been home to crypto mining rigs because hydropower stations in southwest China are unable to supply enough energy for large mining pools.
As a major holder of BCH, Bitmain’s initiative is seen as a preparation for the looming BCH hard fork.
“Half of its marketing staff have gone to Xinjiang to talk with local mining operators about deploying equipment,” source familiar with the matter said. But the Beijing-based mining conglomerate refused to comment on this issue.
BCH Hard Fork Looms
Different from BCH’s regular network maintenance hard forks twice a year, the upcoming hard fork which is scheduled for November 15 is much more contentious.
Bitcoin ABC, an influential BCH client, seeks to remove topological transaction order constraint and to enforce the canonical order of transactions which is expected to significantly improve the scalability performance of the BCH blockchain.
Craig S. Wright, the self-proclaimed Satoshi Nakamoto (creator of Bitcoin)and his nChain, on the other side of the debate, have spoken out vehemently against Bitcoin ABC’s proposed upgrade. Denying the partnership, Wright released the altered version of BCH protocols known as Bitcoin-SV (BSV) which highlights a 128MB block size for the network.
Given that Wright’s version will not be compatible with the previous proposal, the Nov 15 upgrade is likely to result in the split of Bitcoin Cash into two separate chains and cryptocurrencies.
As for now, Bitcoin ABC has garnered support from many large mining poolssuch as BTC.com,AntPool,Btc.top,ViaBTC,Bitcoin.com, accounting for nearly 40% of the total BCH hash power, while BSV is backed up by CoinGeek (the largest BCH mining pool), BMG and SBI.
As two leading crypto exchanges—Binance and Coinbase— support the hard fork, crypto speculators rush to buy BCH these days in a bid to receive the free BSV assets at a 1:1 ration after the hard fork. The buying spree added a whopping 40% to BCH’s price, surging to $635 on November 7, up from lows of $424 last week. BCH is traded at $594 at the press time, according to coinmarket cap.
Some miners in China said they would start mining BSV on November 10 because the warm-up can reduce the difficulty of mining.
A blockchain and cryptocurrency writer of 8btc,offering insights into the Chinese market,.
COMMENTS(21)
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#Bitmain Rushes to Deploy 90,000 Antminer S9 Miners in #Xinjiang as #Bitcoin Cash Hard Fork Looms | http://NEWS.8BTC.COM https://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
Bitmain is urgently deploying 90 000 S9 miners in a desperate move to try to win the upcoming hashwar on $BCH.
This news was already picked up yesterday by Chinese media but I haven’t seen any reporting yet on Western news sites.https://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
https://twitter.com/CryptoN_T/status/1060515430345986048?s=19 …
@CSigmaShow
@TylerSCrypto
@litecoin_bull
@LandM_Marius
@RealistNews
Check on red pulse $phx
Too much centralized Choyna poop
F bitmain
How foolish to engage in a hash power war against Bitmain…
Bitmain deploying 90,000 s9 miners to gain upper hand in the upcoming ‘computing power war’https://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
Bitmain could’ve been a beloved company supported by the Bitcoin community… but they attacked the very thing that brought them to the top… oh how things couldve been different
https://twitter.com/blockchain_str/status/1060257913653153792 …
Can this end up in a three way fork? E.g. ABC, SV and the original BCH?
Deploy stromtroopers #Bitmain
Bitmain deploying 90,000 Antminer S9 Miners in light of #BCH hardfork this upcoming week.https://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
Brief history of bitcoin mining pools..
https://news.8btc.com/a-brief-history-of-bitcoin-mining-pools-over-17-mining-pools-choose-to-shut-down …
The BCH hash war will be coming in a few days!
https://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
https://bihu.com/article/1608721
or maybe it happens because of hashwar and Jihan’s decision to run 90 000 x Antminer S9 to compete with SV miners https://web.archive.org/web/20181111153457/https://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
Who want to see Magic? #BCH #BitcoinCashhttps://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
Coal power in china is subsidized. Bitmain wouldn’t be moving 90.000 miners to Xinjiang if it wasn’t the cheapesthttps://news.8btc.com/bitmain-rushes-to-deploy-90000-antminer-s9-miners-in-xinjiang-as-bitcoin-cash-hard-fork-looms …
Not sustainable. He’ll be losing money of he uses S9’s in China for $BTC after BCH fork unless it’s 0$ cost.
Subsidized doesn’t mean free. And also, it’s not subsidized for everyone equally.
I get your point thought. Just need to look a bit further in the future
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