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.
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Mayank October 3, 2017 at 5:55 pm
Go through the post once again NOT≠NOW
Trustnodes October 3, 2017 at 6:03 pm
Thanks. Updated.
anon October 26, 2017 at 11:31 pm
gee, i was sure this BCASH crap wasn’t a miner sponsored coin! lol
anon too November 2, 2017 at 10:28 am
prefer miners to devious devs that only want to see their own assets go through the roof. seriously bitcoin started as a new everymans currency – core destroyed that.
anon also November 8, 2017 at 4:09 am
Miners aren’t any better. Using that same logic one could argue that Bitmain just wants to see BCH go “through the roof”. It’s not like they are taking any other currency, just BCH. They know they are one of the worlds largest manufacturers of mining power. They control the network speed and what you pay in and the devices available. Some other coin will have to come along to change the trend. I could see an asic resistant coin gaining ground if stuff like this keeps up. They are just playing trends and making the most they can like any other business would. Kind of scary if you think about it. We need to keep big business AND gov. out of peer to peer transactions. Honest devs really are the last hope for that and the way to keep devs honest is open source. Hopefully the people can see through the crap and pick the right project to back. Until then….happy coining.
Jake Myers November 8, 2017 at 4:13 pm
Check out monero. They just need a mobile wallet and it would be perfect.
Bonus points if they implement sharding well so that large blockchains arent an issue.
michael December 4, 2017 at 4:42 am
that means they are not accepting wire transfers at all and only BCH?
james April 14, 2018 at 6:46 pm
Bitmain Antminer S9 13.5 TH/s + PSU APW
Brand new never opened still under warranty Antminer S9 – 13.5TH – 14.5TH. including power supply.
Specification details:
Power Use (W): 0.098 J/GH 10% at the wall
Hash Algorithm: SHA-256
Brand: ASIC Miner
Processing Speed (GH/s):13.5TH/s
Model: S9
Compatible Currency:Bitcoin
Mining Hardware: ASIC
Contact details : James Mcgraw
Email address : mcgrawj12@yahoo.com
WHATSAPP: +16824120601