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From what I understand, and, correct me if I'm wrong, but Bitmain _does_ make money by mining, but they do it by using their own next-generation hardware to min
by Macross8299 8y ago
From what I understand, and, correct me if I'm wrong, but Bitmain _does_ make money by mining, but they do it by using their own next-generation hardware to mine before making it available for sale, which spikes the difficulty and then they sell it off when the profitability drops.
Manufacturing mining ASICs and running your own mining operations seems like it has these big inherent conflicts of interest to me.
- gcb0 8y agowhich looks like the most efficient way. China will likely make it the State miner initiative in the middle of all those legal changes.