Maybe you all should stop blaming Bitmain and also stop bitching.
We get it you are the mighty kings, all able to build a miner from GPU. Now the evil evil chinese company is producing and selling a product and they don't stop after 1 batch for a year that you all can make BILLIONS of dollars with them.
I forgot it was all soooo much more profitable when the asics have not been there. Right because payouts have been 100$ plus a day since the beginning of BTC, LTC and DASH and just because of the L3+ and D3's of the world that now changes
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Gimme a break! Stop buying the machines or grow up and do your calculations before you buy. Or maybe you all should get a real job and make your money while actually working
Now don't piss me off cause I can start swearing you for 5 minutes continuously without repeating myself....
I forgot what the specific term was but bitmain should release as many batches as it wants WITH numbers that don't fucking heavily influence the price, the market or the difficulty.
It's all about putting a god damn brake on the greed but it seems that's not the case here....It has nothing to do with GPU or ASIC or whatever new invention will come.
Billions of $ ?!? If only that would be the case...
Why are you presuming that the majority of us doesn't have a real job or 2 or even 3? Are you using yourself as a standard of comparison?
While we're growing up maybe you can pull your head out of your ass and try to see a bigger perspective about flooding a market / a coin / an algorithm and so on.
I don't even know where to start
Maybe I should pull my head out of my arse. I should probably also shut down my miners that you can earn more. Because I am all for decentralisation and whatever I do, its NEVER for the money and if I can make less that YOU guys can earn more for a day it's all worth it
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Whats wrong with you?
If you need to work 2 or even 3 jobs that sucks and believe me you got my full petty. But also if that is the case you are probably not going to buy a miner because you want to "grow a coin" just for fun and games.
You would also not be able to pay for such a machine without big restraints in a different area of your cash flow
You bought a miner because you were drawn to the money and now you feel threatened that the world is just as greedy as you? (and everyone here bought a miner because they want to earn money without actually working)
For fuck sake in what kind of world do you all live in? Do you cry as much as here when Apple is pumping out 1000Dollar iPhones?
Wake up, people buy that shit. We had a D3 sale for 10k if I am not mistaken. MONEY RULES THE WORLD and to think anyone gives a single shit about some wannabe home miners with 1 or 2 miners should seriously get on some meds....
Maybe you all are so deep down in reading source codes of blockchains and coins you completely missed, that the fucking WORLD runs on capitalism and the big corps, govs and banks already found this industry.
Socialism does not work; never has, never will! And there will come a day where all the little kids that came out recently will realise it's not worth it. They will sell the miners they have, they will not buy a new one and Bitmain cant unload as many units.
And guess what will happen next? A whole new generation of newbies comes on board and will push it further. And the same thing will happen to ever other shitcoin out there. As long as you can make money people will invest in it. Especially if you can earn 24h with very limited time spend on the managing.
It's actually way worse than all that. Not only did they take full advantage of their monopoly on the ASIC market through selling the servers, They mined the everloving shit out of them before releasing them for sale. That guy Cryptocrane did a video of unpacking his D3 and the bastard had the dust from the mining farm all over it still!! They didn't even bother to clean it off. They ran the 16nm technology while the profits were fat and then dumped them all over the street. I'm sure they will be mining 7nm tech as soon as they can and we won't be able to buy it until they're done milking the teet.
I'm all with you here. Not nice, but also not unheard of. We suspect them from mining them and if we don't like that we could decide not to buy. We do anyways.
I, however, doubt that they put all the miners in circulation prior to shipping them out. The difficulty did spike but not as much as it should have if all the miners were on the network.
Clean or dirty we will never really know if they are mined to death prior to shipping, if they are as greedy as what everybody says, then why wouldn't they?
If 'greed' is defined by being in business to make money, then there is plenty of 'greed' to go around.
M
Probably the most honest thing I read on that last page
Please go ahead and crush me but I support every word I said and yes I am mining for profits and I will not cry about it.