Topic: Bitmain is mining with AsicBoost. Making it look good for the IPO? - page 2. (Read 496 times)
September 10, 2018, 03:33:22 AM
I have recently saw a news about this. What exactly is AsicBoost? Is it a trick on the network or a technology improvement? In the news, they've wrote about it was a negative thing. Is it a problem with Bitcoin network? If it is a technological improvement why everyone scared about it.
September 10, 2018, 03:29:13 AM
I have been told by my Bitcoin friends online that Bitmain has started to mine using AsicBoost. But why? There are theories that it's because their hardware are becoming obsolete, and that they need to look good for their IPO.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
i see you have head deep in the propaganda.. so lets correct you
1. bitmain sold off its S9's cheap. ... why.. because they are testing the next get asics with less NM's (meaning faster generation ASICS) they just dont want to tell the economy they already have equipment until they tested it for a couple months (for quality assurance, and yea profit on rewards)
Ok then I will wait for the good news. When will that be?
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2. bitmain are actually core friendly. they are in the same pocket as the BS cartel. you can spot this by them using segwit for their coin rewards.
https://www.blockchain.com/btc/block/0000000000000000001387eeac2af4a6d8b2b78f9d51974e3406f44cd9e83872
they have allowed themselves to be targets of disaster as the distractor to turn heads away from developers.
https://www.blockchain.com/btc/block/0000000000000000001387eeac2af4a6d8b2b78f9d51974e3406f44cd9e83872
they have allowed themselves to be targets of disaster as the distractor to turn heads away from developers.
They are? Then why did it have to take the need for the UASF to have Segwit activated, why did they support the NYA and 2X?
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3. if you still think the kardashian game changes anything. then you need to step back and take a better look at the 3 shell game of distracton.
No, you take a step back and take a better look if your "game" is working.
Before I forget, I also want to ask. Out of curiousity, are you supporting Jihan Wu or Craig Wright in the Bitcoin Cash civil war? Why? Who eould Roger Ver support?
September 10, 2018, 03:15:28 AM
I have been told by my Bitcoin friends online that Bitmain has started to mine using AsicBoost. But why? There are theories that it's because their hardware are becoming obsolete, and that they need to look good for their IPO.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
i see you have head deep in the propaganda.. so lets correct you
1. bitmain sold off its S9's cheap. ... why.. because they are testing the next get asics with less NM's (meaning faster generation ASICS) they just dont want to tell the economy they already have equipment until they tested it for a couple months (for quality assurance, and yea profit on rewards)
2. bitmain are actually core friendly. they are in the same pocket as the BS cartel. you can spot this by them using segwit for their coin rewards.
https://www.blockchain.com/btc/block/0000000000000000001387eeac2af4a6d8b2b78f9d51974e3406f44cd9e83872
they have allowed themselves to be targets of disaster as the distractor to turn heads away from developers.
3. if you still think the kardashian game changes anything. then you need to step back and take a better look at the 3 shell game of distracton.
September 10, 2018, 02:31:51 AM
Is it possible if that is because of the future bitcoincash split? Maybe Jihan desperately want to increase their hash rate to match up with Craig Wright's hash rate and use BTC pool as testnet. Or this was mainly just motivated by profit?
Craig Wright and SBI would as well use AsicBoost to neutralize Jihan Wu's AsicBoost. I believe it has more to do with his IPO. He wants to make his miners and Antpool look very profitable. But, some rumors are out that Bitmain's Q2 numbers are "showing material deterioration in finances".
Plus Jihan Wu's biggest problem is investors of the latest round are asking for their money back.
September 07, 2018, 10:39:19 AM
Is it possible if that is because of the future bitcoincash split? Maybe Jihan desperately want to increase their hash rate to match up with Craig Wright's hash rate and use BTC pool as testnet. Or this was mainly just motivated by profit?
September 07, 2018, 08:42:49 AM
so its mean that we can get the high speed when we use the asicboost? or just an update from the ASIC miner before? what is boost mean? can you tell me about this? I'm very curious about the new asicboost
September 07, 2018, 08:26:29 AM
I have been told by my Bitcoin friends online that Bitmain has started to mine using AsicBoost. But why? There are theories that it's because their hardware are becoming obsolete, and that they need to look good for their IPO.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
This is what I believed that drove Bitmain to have a IPO. The stash of their Bitcoin Cash is slice in half and they needed money, they just invested $500 Million in a mining facility in Texas, so that's huge. And Bitmain's IPO targets around $3 Billion, a figure I don't see likely to be hit. I agree that it will be landmark for crypto sphere if they raised that huge amount of money. But investors are getting smarter by the day. And as @stompix, competition is slowly at their backs, specially coming from Japan (GMO). Its a big gamble on their end to have this IPO, so let's see how it goes, if they can continue their bitcoin hardware dominance with the new influx of money coming from IPO.
September 07, 2018, 08:12:35 AM
I have been told by my Bitcoin friends online that Bitmain has started to mine using AsicBoost. But why? There are theories that it's because their hardware are becoming obsolete, and that they need to look good for their IPO.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
It's basically the same thing.
He is desperate because there are better miners coming out, for the first time in years they have a competitor in Inno with the T2 and Pango with the M10, cannan is also getting closer, he can't control the numbers of miners getting plugged in anymore, prices are dropping...they need money, and right now it doesn't really matter how they will get it.
After all, they have no image to protect!
September 07, 2018, 03:40:55 AM
A posibility Bitmain is trying to look good for their IPO and Bitmain is also to try pursuing a deep investment loss in Bitcoin Cash, and doing Mining using AsicBoost is the best solution to save its assets, even though the results are not convincing
September 07, 2018, 03:15:32 AM
I have been told by my Bitcoin friends online that Bitmain has started to mine using AsicBoost. But why? There are theories that it's because their hardware are becoming obsolete, and that they need to look good for their IPO.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
"Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment." I have also read about this , its one of their biggest problems. But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
September 07, 2018, 02:51:28 AM
I have been told by my Bitcoin friends online that Bitmain has started to mine using AsicBoost. But why? There are theories that it's because their hardware are becoming obsolete, and that they need to look good for their IPO.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
But I believe it is a desperation move by Jihan Wu. Because besides the large inventory of obsolete hardware, Bitmain has also over-invested in Bitcoin Cash, and it is now worth half of their original investment. Plus they cannot dump them all at once because the market is not that liquid.
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