Why do you think they are selling their Golden Geese?
Because it makes more money. The more of your own equipment you put on the network, the lower your returns.
The first miner competes 0% against yourself. After 10% of the network, your miners compete against themselves 10% of the time [shitty metric but its a visualization]. At 50% of the network, the next miner turned on competes half against the rest of the network and half against your own miners, significantly reducing its potential income.
yea if that's true , which it is, and that's how it's suppose to work but do you really think they will keep it up after they get what they want ? or even gonna do it ? or it's all BS there feeding us . The fact they stopped selling to the public at all is kind of question able after they got what they wanted then. but what rights 100% of the theoretical mining earnings by selling the rights to those earnings . explain how they have that right if bitcoin are meant to be free and for everyone ,by free I mean not under one groups control, i understand they have to make back what they put in to it but what rights. you either sell it or you don't, there is no in between in this case . and you can bet they were backed by paper money not bitcoins at some point and will be mostly from banks etc or they are Polly hoping to .
KNC, all over again. but this time with bitfury, I guess the good thing bitfury at least backs what they sell so far . why i don't believe them is a blog some one @ bitfury made about things that happen to his family years ago. if he really meant it then sell to everyone no one is asking for a free ride that i see here just a peace of the pie and are willing to pay a reason able price. he didn't and they will do what ever suits them and hurt the miners . as a few others said bitmain could have sold there S7 for 600 or even less and polly sold more and made more if they could have kept up with the supply and demand at a lower price but as it stands it seems they hard a enough time even at the beginning s7 price.and if bitmain buys into this crap, were done .
Sorry, i just can''t resist saying what i think about bitfury any more to much stuff seems like lies at this point .
Anyway, i can go on on bottom line is we will be very lucky to see any of it, if your not rich. for the rich it won't mater to much they just get richer .I knew a rich person once before he died my mom was dating it was nothing to him to lose 10 k or more, he called it a inconvenience, left some of it to my mom, but his sister got control over it all, we got nothing, she got it all . not that we needed it .he had a few mill in assets .
CYA