Bitmain Sends 90,000 S9 Antminers to China in Preparation for Bitcoin Cash Hard Fork

The crypto mining company, Bitmain Technologies Ltd, has deployed 90,000 S9 Antminers to Xinjiang, China. A Chinese website, Deepchain made this known, stating that the company has been in contact with miners since October. It is assumed that Bitmain’s move is in preparation for the upcoming Bitcoin Cash (BCH) hard fork that is scheduled for November, 15.

Bitmain Announces the Launch of S15 and T15 Antminers

Bitmain had announced, as reported by BTCNN days back, the launching of two Antminers which are the S15 and T15. The Hong Kong-based company also promised in a tweet that these miners would be purchasable from November, 11. Although the delivery of these machines is still pending, Bitmain has been making preparations for the BCH hard fork.
Based on Deepchain’s report, these antminers can be used to mine Bitcoin Cash. The report also states that Bitmain currently holds about 1 million BCH tokens and as such, is in support of the fork. It is striving hard to maintain the BCH community and foster its commercial application. One of such ways is by deploying these machines even before the fork.

Distribution of S9 Antminers to Chinese Miners

The S9 Antimers were delivered in October, and some Chinese miners have received them. Yu Hao, a local mining pool operator in Xiaoyung, attested to this by saying that;

The ant mine pool recently talked about almost all the mines in Xinjiang. We counted it and added about 90,000 mining machines.

The operator also stated that presently, the hydropower which was supplying electricity to their mines is unable to support a large number of mining machines at a time. For this reason, they have to rely on the power supplied in a neighboring region. But then, the power expenses are high, and it is more cost effective to use the antminers than the power supplied by the neighboring region.

Bitcoin Cash Price Pumps Days Before The Hard Fork

The media report also noted that;

BCH violently rose 45.91% during the five days from November 2nd to 7th, breaking the key pressure. The market that has been quiet for a long time has risen again, and the rise of BCH has finally brought a touch of warmth to the market.

Even though the BCH hard fork is yet to begin, it seems that this has not deterred Bitmain from supporting its development even before the scheduled date. Crypto markets like Binance and Coinbase have also announced their support for the fork. There’s even a website from Bitmex to monitor the state of events during the fork.

Related posts
cryptocurrencyNewsRippleSECXRP NewsXRPUSDXRPUSDT

A Look At What’s In Store For XRP If Ripple Eventually Goes Public After SEC Case

Fired up by the soaring success of Coinbase, Ripple Labs Inc, the establishment behind the fifth most valuable cryptocurrency – XRP, has disclosed plans to issue an Initial Public Offering after it is done with its court case. The embattled altcoin…
BanksBinancebnbusdcryptocurrencyCryptocurrency NewsNews

Banks Refusing To Work With Crypto Will Pay A Hefty Price: Binance CEO CZ

The CEO of Binance has been very vocal about his stances on the cryptocurrency market. Yesterday, the CEO revealed he may have underestimated cryptocurrencies like DOGE, ETH, BTC, and BNB. He even emphasized DOGE’s impressive performance, despite holding zero Dogecoin….
BanksBitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTDeFiNewsxbtusd

ING Bank Says DeFi Could Be More Disruptive Than Bitcoin To The Financial Sector

CNBC recently reported that more American banks will be adopting Bitcoin, allowing their customers to buy, sell, and HODL through their bank accounts. This is according to Cryptocurrency custody firm NYDIG, whose recent partnership with Fidelity National information services could…