• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Bitmain Now Accepts Only Bitcoin Cash For Their Latest Mining Hardware

01/10/2017 12:00
8 comments

Bitcoin’s biggest miner, who directly or indirectly controls around 30% of the network’s hardware share through Antpool and BTC.com, is now accepting only Bitcoin Cash (BCC/BCH) for their latest mining gear Antminer S9-13.5TH/s which starts shipping in late November at a cost of $1,265 each.

According to their website specifying payment details, Bitmain, the biggest manufacturer of bitcoin mining hardware, says:

“Only BCC payment method is accepted in this batch, please use the exact amount mentioned in your order and complete the payment within one hour. After one hour, the order will expire and your payment may not be detected by the system automatically. If the payment is submitted but the receipt is delayed, we will make your payment “Valid” manually.”

It is unclear why this decision was taken. It may be that bitcoin is in the frontline of China’s recent crackdown on crypto-exchanges, with BCH potentially easier to trade for fiat.

Or it may be that their one hour limit for payment might not easily be met with bitcoin when the network is congested as many bitcoiners have previously reported delays of hours and even days.

Thus the miner might be opting for only Bitcoin Cash for more logistical reasons as BCH doesn’t suffer any congestion, therefore potentially allowing customers to meet the one hour limit.

It may also well be the case they are trying to make a point. Many Bitcoin Core developers have stated that bitcoin is not for everyday commerce and is instead primarily to act as gold that you just hold.

While Bitcoin Cash supporters loudly promote its use as currency for both big and small purchases while also retaining the gold qualities as BCH is limited to just 21 million bitcoin cashes.

That may especially be the case in light of Bitmain’s strong support for bigger blocks, including a 2x hardfork increase of the base blocksize in bitcoin which may be implemented next month.

But they do also mine Bitcoin Cash, as do many others in China, so it may well be the case they are just trying to promote the use of the newest, yet the oldest, digital currency.

 

Related Posts

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Apes

Cristiano Ronaldo Binances

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Bitcoin and other asset prices, June 2022

Bitcoin Drops Below $20,000

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo partners with Binance on NFTs

Cristiano Ronaldo Binances

Comments

Latest News

  • Lido Votes Against Limiting Staking
  • Defi Dapps DNS Attacked
  • Eminem Apes

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?