either they somehow get free electricity or they are trying some new kind of market manipulation which I don't understand.
(actually could be some sort of expensive unfriendly attack)
Same applies for peoplecurrency...
Or maybe they have access to special hardware which allows them to mine very cheaply.
(and I assume fpga would use roughly the same power as a gpu)
I think it could be new technology hardware which allows them to configure to any algo within hours by their programmers.
Something like GPU which u can configure new algo within hours if u work full time on it and is very experience programmer
We have AMD , CUDA , maybe there is some hidden GPU technology which is 10x better than AMD and CUDA hardware.