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Here's The Trading Center In HK Where They Mined Most of the Bitcoin Cash Blocks

Here's The Trading Center In HK Where They Mined Most of the Bitcoin Cash Blocks

Earlier today we reported on the unknown pool that has been mining a vast majority of the Bitcoin Cash (BCH) blocks so far. Now news.Bitcoin.com has had an exclusive conversation with the miner from Hong Kong otherwise known as ‘MC Pool.’

Also read: Bitcoin Cash Now Third Highest Valued Cryptocurrency Market Cap

A Discussion With the Hong Kong Bitcoin Cash Miner

Currently, there have been two mining pools that have dedicated significant hashpower towards the BCH network — Viabtc and an unknown mining operation called ‘MC Pool.’ The ‘MC Pool’ has mined most of the BCH blocks in existence, and the block’s coinbase data has revealed an address to a backpackers hostel in Hong Kong called Kwong Wah Mansion. For instance, the very last BCH block mined has a Coinbase that says, “Genesis Block 269-273 Hennessy Road Wan Chai Hong Kong.” So Bitcoin.com decided to reach out to the miner operating from within the hostel. The operator of the pool wishes to remain anonymous.

The Trading Center In HK Where They Mined Most of the Bitcoin Cash Blocks
The owner and operator of “Genesis Block” Hong Kong Bitcoin Center sent us this photograph.

According to the owner of ‘MC pool’ in Hong Kong, he and his “big miner friends” started mining BCH “for fun.” Additionally, the miner started mining BCH to promote his new trading center called “Genesis Block.” The trading center will focus on day trading, Over-the-Counter (OTC) sales, retail, night-time lectures, sharing and local cryptocurrency meet-ups.

“You are asking about the genesis block?” the miner asks Bitcoin.com via Wechat. “I am part of the people mining those blocks. We are opening a trading center at that address. Our operation is huge, but the BCH difficulty is the same as BTC.”

Mining Bitcoin Cash for Fun and to Promote the New Trading Center

The Hong Kong miner then goes on to explain that he and “most of his friends” have already switched back to the BTC main chain. They started mining yesterday, Hong Kong time, and the miner says the operation hasn’t been profitable due to the difficulty. “Return still cannot catch up to difficulty,” explains the miner. Since switching back to the main chain, the Hong Kong miner doesn’t think they will mine it again. He doesn’t believe his “friends” will jump back into mining BCH either. When we asked again why he decided to mine the BCH chain he explains;

Seriously for fun and to promote the new trading center in Hong Kong.

The Trading Center In HK Where They Mined Most of the Bitcoin Cash Blocks
Only twelve BCH blocks have been mined so far. Two-thirds of the blocks have been found by the Hong Kong miner “MC Pool.”

‘Only Time Will Tell if Bitcoin Cash Survives’

Now that his operation has left the BCH mining up to “other miners,” we asked him if he thinks the new chain will survive. “I think so, it happened with other cryptocurrency already. It can co-exist.” The miner says they plan on opening the trading center in mid-September and the building is currently under renovation. When we asked him if he wanted to say something to those supporting the BCH chain, the Hong Kong miner states;

I have nothing to add. Only time will tell which one will survive eventually.

What do you think about the Bitcoin Cash miner from Hong Kong? Let us know in the comments below. 

Images via Shutterstock, and the Genesis Block Trading Center Hong Kong.

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Tags in this story
Bcash, BCH, BCH Chain, Bitcoin, bitcoin cash, Breaking News, BTC, BTC Main Chain, difficulty, Exclusive, Genesis Block, Hong Kong, Hostel, interview, MC Pool, mining, N-Featured, Trading Center, ViaBTC
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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.