Breaking the PoW Bitmain Mining Cartel?

in bitcoin •  6 years ago 

wubitmain.jpeg
We heard the story a thousand times, Jihan Wu (Bitmain) is "gready" "a selfish miner" and so forth. No company has the guts to fully challenge Bitmain in the ASIC Miner business. Butterfly Labs and Halong Mining just couldn't break the monopoly.

As you may remember there was a big fiasco with Butterfly Labs sticking it to their customers. They were later shut down by the FTC (Federal Trade Commission):

https://www.theverge.com/2014/9/23/6833047/bitcoin-conspiracy-theorists-vindicated-as-ftc-shuts-down-butterfly-labs

butterfly-labs.jpg

As for Halong Mining, haven't heard much. They were out of stock a few months back.

halong.jpg

There is enough big money BTC guys who could make a ASIC Mining company to challenge Bitmain. What are you guys waiting for? Yes, this is your signal go make that company.

Do something or put up with Bitmain. Blockstream can't complain if they refuse to act on the mining cartels.

antminer-s7.jpg

We a quite a ways off from Quantum Computer mining. Win the ASIC turf wars before moving up.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @cryptoshoppe! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Let's go for the Quarter-Finals


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!