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Topic: Stopping the Bitmain monopoly train - page 2. (Read 564 times)

sr. member
Activity: 784
Merit: 282
April 24, 2018, 06:35:50 PM
#9
The real key to stopping the Bitmain and this greedy policy is two fold.

1. We need to simply stop buying the miners. We as miners should by only a few batches and then stop. If we don't do this the difficulty will become so high only people with huge mining operations will be able to show a profit.
2. Absolutely do not under any circumstance mine using their Ant pool server as this allows them to keep profiting from the sale of the miners and it forms a monopoly of profit for them.
We must mine some where else. Anywhere else otherwise Bitmain will completly monopolize and control all the coin markets. Part two is the most important.

Not to rain on your parade but those 2 suggestions are highly unlikely to happen. The first being more absurd than the second. History has shown time and again that some people are driven by greed. There will always be that someone who will want to get ahead of the rest and buy that miner or point their rigs to antpool.

I guess the only way for us to fight back against bitmain right now is to support its competition.
newbie
Activity: 21
Merit: 0
April 24, 2018, 04:02:53 PM
#8
Human beings sacrificing short term personal gains for the long term good of the whole(or even themselves) is never going to happen.. We've been fucking ourselves over since the dawn of time because of our inability to do this so it's not going to change anytime soon
newbie
Activity: 65
Merit: 0
April 24, 2018, 03:10:52 PM
#7
The real key to stopping the Bitmain and this greedy policy is two fold.

1. We need to simply stop buying the miners. We as miners should by only a few batches and then stop. If we don't do this the difficulty will become so high only people with huge mining operations will be able to show a profit.
2. Absolutely do not under any circumstance mine using their Ant pool server as this allows them to keep profiting from the sale of the miners and it forms a monopoly of profit for them.
We must mine some where else. Anywhere else otherwise Bitmain will completly monopolize and control all the coin markets. Part two is the most important.

If it is profitable to mine, people will just buy the miners. It is just that simple.
jr. member
Activity: 266
Merit: 2
April 24, 2018, 03:07:40 PM
#6
There's Baikal, Innosillicon, Halong. Things could look up...
full member
Activity: 846
Merit: 115
April 24, 2018, 03:02:53 PM
#5
Or support Obelisk Tech which is doing Asic in the united states.  More Asic competition will force bitmain not to self mine for months before shipping units out.

They are doing a Batch5 release and they stated they ship units to customers first before they mine. They are also transparent on how many units they plan to mine with.

https://obelisk.tech/
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
April 24, 2018, 02:46:16 PM
#4
This sounds too idealistic. There are people who earn a lot of money with miners and they will not stop buying them. Actually, they hope that we (small players with just a few GPUs) will give up, so they can earn even more.

I will never give up on graphic card mining even if it is not profitable anymore, I will keep my computer running, I have low profile cards mostly so energy is not a problem for me, as long as they will make like 0.0005 bitcoin daily all of them I will be very happy thinking of the future.
full member
Activity: 588
Merit: 103
April 24, 2018, 02:41:07 PM
#3
This sounds too idealistic. There are people who earn a lot of money with miners and they will not stop buying them. Actually, they hope that we (small players with just a few GPUs) will give up, so they can earn even more.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
April 24, 2018, 02:32:20 PM
#2
Unfortunately you are asking the impossible. I agree with you totally as Bitmain is one of the main responsible entity for the difficulty skyrocketing of many altcoins thanks to their miners like X3, E3, D3 ,L3+ etc.

The problem is though that many people in third world countries see this as a good option to earn extra income while they are looking for a job and they will continue buying the miners. I know though that if developed countries like USA and Europe stop buying antminers this at least would be a blow to bitmain. I agree with you but I am a graphic card miner and only lately started doing so.
newbie
Activity: 75
Merit: 0
April 24, 2018, 01:48:25 PM
#1
The real key to stopping the Bitmain and this greedy policy is two fold.

1. We need to simply stop buying the miners. We as miners should by only a few batches and then stop. If we don't do this the difficulty will become so high only people with huge mining operations will be able to show a profit.
2. Absolutely do not under any circumstance mine using their Ant pool server as this allows them to keep profiting from the sale of the miners and it forms a monopoly of profit for them.
We must mine some where else. Anywhere else otherwise Bitmain will completly monopolize and control all the coin markets. Part two is the most important.
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