The Bitcoin Cash upcoming hard fork is generating divisions in the cryptocurrency market. The giant crypto mining company Bitmain decided to deploy an extra 90,000 Antimner S9 machines in order to increase the hash power on the Bitcoin Cash network. According to some reports, the new machines were deployed on Xinjiang.
The mining pool operator Yu Hao explained that the Bitmain talked with almost every local mining farm since October. The intention was to host 90,000 S9 machines and increase its hash power.
Yu Hao commented about it:
“[Bitmain’s] AntPool requested that a single mining farm should host over 5,000 machines. But in fact, only a few mining farms can satisfy their demand.”
As per DeepChain’s report, Bitmain was able to take advantage of the coal energy produced in the region. The hydropower supplied in Southwest China was not enough for powering Bitmain’s requirements.
Bitmain is also an important holder of Bitcoin Cash, and the company backs the BCH client known as Bitcoin ABC. ABC’s propositions and upgrades have been criticized by Craig S. Wright.
Wright supports the Bitcoin Cash protocol Bitcoin SV. Nevertheless, some important mining pools are affiliated with Bitcoin ABC, including BTC.com, AntPool, BTC.top, and Bitcoin.com. Other mining pools such as CoinGeek, BMG Pool and SV Pool have backed Bitcoin SV.
Bitcoin Cash has experienced an important price growth in the last few days. Since the beginning of November, BCH grew 50% and reached $630 dollars per coin, when on Nov. 1st it was traded close to $420 dollars. Investors want to profit from the new chain split that will take place on November 15.
Users that have Bitcoin Cash at the time of the hard fork will be able to claim an equal amount of new coins in the chain that will remain in the market. At the time of writing, Bitcoin Cash is being traded close to $590 dollars. Its market capitalization has surpassed $10 billion dollars.