The Next 7 days Will Witness the End of the BCH Power War

With the aim of gaining competitive advantage in this already existing battle, it has been discovered that the ant mine pool under Bitmain is speeding up the rate at which the 90,000 S9 mining machines are being deployed in Xinjiang.

The BCH hard fork war is yet to commence; however, the market is already brimming with fierce action. Early indications show that the situation is tenser than we think. As at October ending, while the power tussle was still mild, the ant mine pool was in the process of steady stabilization.

Reliance on water for hydropower has been impossible due to inadequate rainfall associated with the fall season. This has affected the operation of many mining machines that depend on the supply of electricity from water sources. As a result, Inner Mongolia whose power source is derived from thermal energy has become the most preferred alternative for mines.

According to the information gathered from Xinjiang mine owners in late October, it appears that Bitmain was in contact with the mine owners to host the S9 mining machine at the already built mines.

This stance adopted by Bitcoin was interpreted by miners as a preparation for the hard fork of the BCH. It should be noted that Bitcoin is a big BCH.

According to a mine owner familiar with Bitcoin, “About half of the people working in the marketing department went to Xinjiang to have discussions concerning the mine.” He also noted that the downturn is significant and must be won for Bitmain.

The War Of Billionaires

Up till November 7, a list of 37 organizations had been released by Coin Dance, with 11 of them being obvious supporters of Bitcoin ABC, while 6 organizations support BSV. The supporters behind the ABC version; a development version created by the Bitcoin ABC team, include Wu Jihan and Bitmain. Wu Jihan is one of the many recently made billionaires (thanks to Bitcoin) listed in the 2018 Hurun China Rich List. On the other hand, the other version of Bitcoin Satoshi Vision has garnered support from Australian SNB Crayer.

The beginning of the tussle for computing power occurred after ABC released their 0.18 version upgrade on BCH’s official website, CSW almost immediately fired back with a strong opposition in their release of the BSV version, championing the eventual adoption of the BSV version by the network.

The major decider of this war will be computing power.

The Secret Rebellion Of The Miners

In the five days between November 2nd to 7th, BCH witnessed a sharp increase to 45.91% breaking the earlier inactivity it experienced. After being quiet for quite some time, the market has finally made a positive progress which has improved the overall mood of the market. However, the facts leading to the recovery of the currency are not all pleasant.

A miner revealed that he would make the switch to BSV on the 10th of November and that preheating could reduce the difficulty faced during mining. In his words, “At gift, everybody desires to try and do it (BCH).”

Bitcoin is considered by many in the currency and mining circles to be something of a mining tyrant. According to them, the overbearing attitude it adopts is not only targeted at its industry giants but also in its relationship with its peers.

I asked on the effect a possible failure of the hard fork would have and how they’ll respond to it, a number of miners replied saying that the loss would be considered as normal.