2/3 Bitcoin Cash blocks mined by Hong Kong anonym

The unknown Hong Kong mining pool has mined 75% of Bitcoin Cash blocks so far
03 August 2017   2507
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Bitcoin Cash (BCH, BCC), a hard-forked version of the original Bitcoin, is less than two days old ans only three mining pools are currently mining the brand new coin: these are Bitcoin.com, ViaBTC and... the third one is rather mysterious.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Thus, according to the CoinDance data, the share of that "unknown" pool accounts for 75% of the total hashrate. By the way, the block’s coinbase data has revealed an address to a backpackers hostel in Hong Kong called Kwong Wah Mansion - that's where a good part of Bitcoin Cash has been mined from.

Latest Bitcoin Cash blocks by mining pool summary on cash.coin.dance Latest Bitcoin Cash blocks by mining pool summary on cash.coin.dance

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

News.bitcoin.com lifts the veil of secrecy and provides the readers ith an exclusive conversation with the miner from Hong Kong otherwise known as "MC Pool", who wishes to remain anonymous.

The miner was asked about the initial reasons for mining Bitcoin Cash.

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

MC Pool
Bitcoin Cash miner from hong Kong

Apparently, the miner started mining Bitcoin Cash to promote his new trading center called “Genesis Block”, which will focus on day trading, Over-the-Counter (OTC) sales, retail, night-time lectures, sharing and local cryptocurrency meet-ups.

According to the information provided by news.bitcoin.com, the Hong Kong miner explains that he and “most of his friends” have already switched back to the BTC main chain, as the operation hasn’t been profitable due to the difficulty. “Return still cannot catch up to difficulty,” explains the miner.

Only time will tell which one [BTC or Bitcoin Cash] will survive eventually.
 

MC Pool
Bitcoin Cash miner from hong Kong

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 go back into mining Bitcoin Cash either. 

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   95

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.