Bitmain, the largest mining hardware company, made around $4B last year
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Re: Bitmain, the largest mining hardware company, made around $4B last year
#2Making and selling shovels seems to be still the best way to go then.
Re: Bitmain, the largest mining hardware company, made around $4B last year
#3Making and selling shovels seems to be still the best way to go then.
In a war the group that profits the most is arms dealers.
Re: Bitmain, the largest mining hardware company, made around $4B last year
#4Making and selling shovels seems to be still the best way to go then.
I remember reading somewhere they also use the shovel for a while before sending it off.
Re: Bitmain, the largest mining hardware company, made around $4B last year
#5Re: Bitmain, the largest mining hardware company, made around $4B last year
#6Mhm I wonder why non-mining altcoins are getting the most fud...
Re: Bitmain, the largest mining hardware company, made around $4B last year
#7> made around $4B last year
They're clever enough that they price it in USD and not in Bitcoin.
Re: Bitmain, the largest mining hardware company, made around $4B last year
#8No sources cited. Random comments re: Nvidia and altcoins. Very poor article, if we can call it that.
May I suggest this one instead https://www.cnbc.com/2018/02/23/secretive-chinese-bitcoin-mi...
Re: Bitmain, the largest mining hardware company, made around $4B last year
#9As an engineer, it saddens me to see the huge inefficiencies inherent to cryptocurrency mining these days. Surely, when we're spending in the billions on wasteful hashing, we could dedicate a small fraction of that to engineering better consensus algorithms.
Unfortunately, we have an ecosystem where everyone is incentivized to ignore the problem because they're too invested in maintaining the price of Bitcoin and other PoW cryptocurrencies. They often don't pay for the externalities — environmental costs. The specialization of mining also severely hurts the distributed and decentralized nature of these crypto-currencies.
I'm a huge fan of crypto-networks, and have made a career in the space. But, I want Bitcoin to die off and leave room for newer generation technology.
Re: Bitmain, the largest mining hardware company, made around $4B last year
#10As an engineer, it saddens me to see the huge inefficiencies inherent to cryptocurrency mining these days. Surely, when we're spending in the billions on wasteful hashing, we could dedicate a small fraction of that to engineering better consensus algorithms. Unfortunately, we have an ecosystem where everyone is incentivized to ignore the problem because they're too invested in maintaining the price of Bitcoin and oth…
Then shill your friends about Nano. Free Instant Transfers. No mining.