On August 1, the miner out of Hong Kong who first initiated the mining of Bitcoin Cash (BCH) with all the Chinese pool Viabtc, decided to market his new company by leaving his local address within the coinbase data of every block the pool processed. The address is a well-known hostel in the Wan Chai district of Hong Kong known as “Kwong Wah Mansion,” that is located at 269-273 Hennessy Road. At the moment, Hung told Bitcoin Market Insider that the BCH mining was just for fun and a way to advertise his new company the Genesis Block.
Bitcoin Market Insider chatted with Wincent Hung last night, and he told us the working-space is now open Monday through Friday, 9am-6pm.
“We aim at offering an area for your community to socialize and to improve the accessibility and liquidity of cryptocurrency,” Hung explains.
Delivering the Correct Message About Cryptocurrencies
The Genesis Block establishment provides services such as trading, a hot desk, co-working office area (such as fintech, blockchain, and cryptocurrency-related projects), an event area, a mining rig reseller, along with four cryptocurrency ATMs. Three one-way ATMs will secure bitcoin, Ethereum Classic, and Bitcoin Cash and a two-way bitcoin ATM is planned for mid-October.
“The Genesis Block place is a physical set up, to earn cryptocurrency more tangible,” Hung tells Bitcoin Market Insider.
Cryptocurrency is new, actually not for some people, but many people have a misunderstanding, so we need a space to deliver the correct message to the public. We will also hold seminars and meetups at the center.
Genesis Block Owner: “Miners Mine for Profit”
Hung claims that the cryptocurrency working-space is open to the general public, but the team intends to have its grand opening on November 3.
“So much we got a fantastic response from the Hong Kong crypto-community,” Hung details. “So at least the community welcomes us. For overall HK residents, we also believe there will be a positive effects. We can direct anyone who wants to find out more about crypto step-by-step.”
Seeing how Hung’s mining operation changed the BCH network throughout its first week if his pool mined nearly 3/4 of the whole system’s cubes, we decided to inquire if he was still mining any cryptocurrencies. “It depends on which one is more rewarding,” Hung replies. So Bitcoin Market Insider requested him to explain if he was nevertheless mining both the BTC and BCH chains. “Yup — Miners mine for gain,” Hung adds.