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if all those ASICs were so profitable, wouldn't the company making them be keeping them for themselves?
by dustingetz 13y ago
if all those ASICs were so profitable, wouldn't the company making them be keeping them for themselves?
- wmf 13y agoProbably, although not necessarily. Managing 1 KW worth of ASICs is easy but 1 MW worth is considerably more expensive.
- cstrat 13y agoAlso, I think it is in their best interests if the community buy into the idea. Rather than if they mine everything and horde it all.
- TylerE 13y agoThat's exactly what they did. Screwed the buyers over good and plenty.
- trentmb 13y agoThey're as profitable as a pan, pick, and shovel are to a gold miner.
- icebraining 13y agoNo, because they needed the pre-orders to build all those ASICs in the first place. You could also say that a startup founder believes in the project, s/he should keep all equity instead of raising capital.