Genesis Mining implements payments by BCH

Genesis Mining added the option to pay for cloud mining contract with Bitcoin Cash
17 January 2018   284

Genesis Mining right now is a controversial company. On one hand, you should consider the hurdles they faced with their users, but those were just a representation of cryptocurrencies volatile nature. On the other hand, the stable and reliable cloud mining providers are scarce, to be frank. So, the addition of new payment options weren't that far off either way, and now we have it – the ability to pay for the contract with BCH is now open. Is it a test, or a permanent option – it remains to be seen, but just the fact itself is very promising.

Bitcoin Cash network, it seems, is a more reliable and faster way for the big mining outsource company to receive payments from the clients, than the original Bitcoin with its high transaction fees and slow confirmation.

The only problem is that Genesis Mining right now is out of hashpower to sell to the customers. But fear not, they should be launching new hardware soon, if the rumors are to be believed, so the cryptocurrency hype wouldn't leave them behind.

Athena Bitcoin adds Bitcoin Cash to its ATMs

Athena Bitcoin adds support for Bitcoin Cash to their machines
19 February 2018   73

Rising interest in Bitcoin Cash has made a big impact on cryptocurrency market and service providers alike. The rising exchange rates and more widespread support on exchange platforms contributes to the fact. And this can;t be ignored by companies involved in Bitcoin ATM business. They wouldn't want to be left on the side in such a quick-rising market. So Athena Bitcoin took a logical step and added support for Bitcoin Cash to their ATMs.

In the case of Athena Bitcoin, it's an interesting step because of many reasons. The don't plan to drop Bitcoin anytime soon, so it's just an expansion of bases, rather than a complete turnover. Also added support will be interesting to statistics, because Athena's widespread coverage in several US states will allow to see, whether or not BCH is more popular than BTC in some states.

Bitcoin Cash support will also allow for BCH to fiat conversion with two-way machines available in Athena's network. Added competition doesn't thrill Bitcoin Core community, but BCH enthusiasts are quite happy with this situation.

So far Athena Bitcoin is one of the first providers to give such opportunity to the masses, so it would be interesting to see if other ATM networks will follow the example. Decisions like that are always more than a little controversial so we'll have to wait and see if it pays off.