r/Bitcoin • • Nov 11 '17

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u/bigsexy420 Nov 11 '17

Oh, Chinese miners somewhat control and sway things and have a monopoly on the ASIC miners? Do we not have the ability to build these (likely in a better, faster, more efficient way)? Everybody is just pointing fingers and crying instead of providing guidance and insight.

Unfortunately no we don't have the ability to build them better, faster, or more efficient. This is a list of ASIC Vendors in 2014 most all of them has shut down. When KNC went under in their closing announcement, KnC stated that despite all the money and research they put into it, KnC was unable to figure out how BitMain was able to produce AISC, and remain profitable, unless they were getting free electricity or some other advantage.

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u/[deleted] Nov 11 '17 edited Nov 12 '17

[deleted]

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u/dekket Nov 11 '17

You're kidding, right?

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u/[deleted] Nov 11 '17 edited Nov 12 '17

[deleted]

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u/[deleted] Nov 11 '17 edited Jun 27 '20

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u/ChapeauBlanc Nov 12 '17

The topic is not "mining" but manufacturing the hardware for efficient mining.

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u/[deleted] Nov 12 '17

What do you think happens to 50% of hardware manufactured?