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If I were manufacturing what are essentially money printing machines, I think I'd put some serious efforts into security. On second thought, if I were able to
by mullingitover 13y ago
If I were manufacturing what are essentially money printing machines, I think I'd put some serious efforts into security.
On second thought, if I were able to produce machines which can create more currency than I'm selling the machines for, I'd probably think twice about selling them at all.
- clarkmoody 13y agoDuring a gold rush, you better be selling shovels ;-)
- dwild 13y agoExcept that the shovels are also the workers... and they are cheap workers too.
- M4v3R 13y agoCreating these required huge amount of initial investment. That's why all these companies were taking preorders - to cover up initial expenses. It would of course be ideal for them just to manufacture the machines only for themselves, but if they had money needed for that I doubt they would be interested in some Bitcoin thing in the first place. Now, I'm pretty sure that they left a considerable amount of chips to theirselves and are mining with them for quite some time.
- noname123 13y agoPretty good business idea. Solicit back-order to mass produce your own bitmining ASIC's. Use them to mine for awhile until they become obsolete, now dump the trash onto your customers. And onto the next one!
- jamesaguilar 13y agoTo be fair, it's also possible that enthusiasm for bitcoins would be much lower if the Joe Randoms of the internet didn't feel like they could get in on the gold rush. I suspect that is a big part of why people are interested in it. From that perspective, it seems like a good idea to sell some of the ASICs, even if that is a loss under the constant-demand assumption.