AntPool has started Bitcoin Cash mining

As the price of Bitcoin Cash (BCC/BCH) drops, the two major Bitcoin mining pools have begun mining BCC.

On August 20, BTC.com started mining BCC. Antpool, the world’s largest Bitcoin mining pool, followed closely and mined its first BCC block #480084.

As of August 21, the BCC token closed at $682, ​​down 16.3% in 24 hours. The market value of this Bitcoin alternative network reached $11.3 billion.

The BCC price started growing on August 17, when it was trading at around $300. By August 19, BCC had skyrocketed to $996.96.

George Kikvadze, vice president of BitFury, a mining machine manufacturer, believes that the surge in BCC prices is simply due to speculation. He listed five reasons why "BCC/BCH is a large-scale pump-and-dump operation" on Twitter.

——One company alone mined 95% of the blocks——ASW (Anti-SW) nodes——No one is really using it——Developers at the level of elementary school students——ADIBAS (implying that BCC is a copycat)

Kikvadze also added that BCC prices have been rising rapidly, but this phenomenon may suddenly stop.

If you are a Chinese company trying to push up BCH, my advice is that you better pray every moment that it doesn’t collapse... the public security bureau will come to your door.

Kikvadze previously said that he sold BCC at $668 and expressed his gratitude to "all the fools who bought BCC."