Fork Watch: First Bitcoin Cash Block Mined Included Over 6K Transactions

As Bitcoin.com reported earlier today, Bitcoin Cash miners initiated the beginning of the fork on August 1 at 12:37 p.m. UTC at block height 478558. Now, six hours later Viabtc mined the first Bitcoin Cash block (nr 478559) at 6:14 pm GMT. This was followed by the second block (nr 478560) that was also mined by the mining pool Viabtc.

Also read: Fork Watch: BCH — The Ghost in the Exchange — Mostly

Bitcoin Cash is Born

The Bitcoin Cash blockchain has successfully split away from the legacy chain as of block 478559. The block was mined by the China-based mining pool Viabtc at 2:14 pm EDT (6:14 GMT) and the pool also found the next block 478560 shortly after. The first Bitcoin Cash block was 1915175 Bytes or 1.9 MB in size, holding 6,985 transactions. This is much larger than BTC’s 1MB limit and approx. 3,000 transaction throughput. The mining pool Viabtc also wrote in the block’s Coinbase data “Welcome to the world.” The organization also showed excitement via Twitter stating;  

Welcome to the world, Shuya Yang! And Bitcoin cash!

Fork Watch: First Bitcoin Cash Block Mined Clears Over 6K Transactions
Block #478559 the first official Bitcoin Cash block mined on August 1, 2017, at 2:14 pm EDT.

Bitcoin Cash Network Sees a Hashrate Increase, but a Swift Drop in Price

Bitcoin Cash prices have dropped significantly since this morning’s high of $400 to a low of $220 at the time of writing. The price of BTC seems unfazed by the first blocks found and is still hovering around the $2740 range. Throughout forums and social media, everyone is talking about the fork. Of course, big blockers are celebrating the split while small blockers are waiting to see something bad happen.

Fork Watch: First Bitcoin Cash Block Mined Clears Over 6K Transactions

At the moment the Bitcoin Cash hashrate is growing slowly and is currently operating at 247 PH/s or 3.9% of the BTC network hashrate. So far, at press time, five blocks total have been mined on the Bitcoin Cash network. Bitcoin.com will be sure to follow the split events closely so our readers can be informed every step of the way.

What do you think about Bitcoin Cash officially splitting off from the legacy chain? Let us know in the comments below.


Images via Pixabay, Blockchair, and Twitter.


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  • Martin C

    may bitcoin cash live long and propser. Let the free market proceed.

  • Rudolph Haynes

    Great news…

  • yo yasse

    I don´t like highly monopolized cryptocurrencies. There all doors and windows are widely open for disgusting things like 51% attacks etc.

  • Dominik Filipiuk

    God Bless Bitcoin.

    • Schölu

      Gott und die Staaten sollten die Finger von Bitcoin und all den anderen Kryptowährung lassen. Sonst gibt es da auch wieder Kriege.

  • Zyo

    Oh boy, whoever pick the article picture at top is a genius!

  • Chad Guest

    This is a memorable moment in history! I’m proud of the Big Block users for standing their ground on a usable vision for Bitcoins future. Now lets make this chain grow..

  • dss

    Surprised to see people so welcoming of bcc. Not many western platforms supported it before the forking. I suspect there is a geo-political dispute among global community. But isn’t it the beauty of decentralization that allows new coins to emerge and possibly replace btc?

    • Honorable Optimist

      I know right. I must say many supporter were dead quiet before the fork because they were being manipulated into thinking BCH might be inferior. Even the narrative has changed on Youtube. People dont want to dumb anymore. Personally I said it from the beginning that BCH spporters will have the last laugh. It has been fun watching the change.

  • Ben Osborne

    im ok with it this time, I hope there aren’t too many duplications though.

    i concur with Roger, I don’t understand everyones ease with blockstreams tentacles in core. These pubic bearded technocratic dictators really irritate me!

  • sjs

    Shapeshift, Changer, Trezor, Blockchain wallet etc need to get moving and provide access to Bitcoin Cash. Once that happens BCH will shift into 2nd gear.

  • MC Kuky

    Finally. The real Bitcoin has been set free.
    Keep it up, I want to see all the Core shills eat their hearts out as Bitcoin Cash takes over more and of the hashing power and leave their shitty corporate Core version in the dust.
    Anyone is free to make their own version of crypto and Core and corporations are free to do so also, but they are NOT entitled to hi-jack whole Bitcoin community and its network and dictate everyone else what they should do.

  • Ken King

    help me out here. It is really hard to find solid information as an outsider trying to learn about BTC. I thought the UASF wasn’t thrilled for most but was far preferable to the UAHF into BCC/BCH,decentralized BTC vs a more centralized and regulatable BCC/BCH. How and where does one come up with quality information to build up the knowledge here? I have been following news as much as I have, own some Ether and some BTC, but I expected a lot of people here to be annoyed that the Chinese broke out the BCC/BCH and yet everyone seems elated.

    So difficult to find great, understandable information to build a solid knowledge base in such a new technological area that is trustworthy and actually understandable without being too technical as learning the basics before get into the core technology of it all.

    • richardamullens

      “Decentralised BTC” was actually controlled by a group of developers in the pay of Blockstream or who had to toe the Blockstream line in order to stay in the group. On Blockstream’s watch, confirmation times escalated, fees went through the roof and one could not guarantee that a transaction would go through. In these circumstances it was not surprising that people switched to other [Cryptocurrencies, Ethereum, Litecoin Ripple etc.]

      The dead hand of Blockstream/Core has now been removed and those behind it won’t be missed.

      • Honorable Optimist

        central bank funded Blockstream… Those words should go together like bacon and eggs.

  • Pangur Bán

    In the immortal words of Dr. King, “Free at last! Free at last! Thank God Almighty, we are free at last!”

  • Honorable Optimist

    Welcome to the world Bitcoin Cash. I cant wait to start buying and mining you…

  • Schölu

    Die Spaltung ist eigentlich völlig unnötig, macht einfach keinen Sinn.
    Die Spaltung ist letztlich aus reiner Geldgier entstanden und widerspricht eigentlich der Vision vom Erfinder.

  • Brice Fleckenstein

    *yawn* yet another altcoin – and it’s interesting to look at how few exchanges are going to support it, and how many REFUSE to do so.

    Might change months down the road though if it manages to survive.