He said he would not use butterfly labs to his advantage as a miner? or did I read that wrong? Or did he get rich?
He is mining on behalf of other people who are planning to upgrade and elected not to have their units shipped to them, but instead have Josh mine for them. This saves them the time lag between shipping the old units back and receiving ASICs, as well as shipment-back costs.
A glance at http://www.bitcoincharts.com/ seems to indicate that everyone's 'slice of the pie' just got a whole lot smaller.
I see Inaba is mining the crap out of the new ASICs before shipping them...
Snapshot at: 9/21/12 4:45PM EST
http://imageshack.us/photo/my-images/210/fyp22q2.png/See above. He is not mining on ASICs.
Q. You are going to have an unfair advantage when it comes to mining equipment, you’ll be able to get as much as you want before anyone else!
A. I will not be expanding my mining footprint as it would be a conflict of interest. I will continue with my current obligations and already acquired/paid for equipment but will not be purchasing or utilizing additional equipment as part of my mining operations. This is one of the hardest changes I will be making, as I firmly believe there are plenty of opportunities in this space that I am going to be missing out on, but I believe I can do more good for the bitcoin community as a whole working to provide that equipment to people as opposed to using it myself.
Just saying... should stick to the plan man... it looks bad to keep your word.
Don't look like your missing out lol
He didn't expand his mining operations. He had a huge farm already, but he is also mining on behalf of other people. See above.
