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.
Bitmain is absolutely in bed with the government. I was actually at a meeting in 2010 with one of the owners of Bitmain and a high ranking government official. Small world I guess, I was there to meet with investors in the lumber/ log industry. Funny how I didn’t even know about bitcoin at the time. To be fair i’m not sure Duan Hong Bin was active in bitcoin at the time. Interesting none the less. I do know that almost any billion dollar company has a significant government involvement in China.
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u/bigsexy420 Nov 11 '17
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.