Ninjastic
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Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
by
opentoe
on 30/01/2015, 00:43:57 UTC
Quote from: thomas_s on January 29, 2015, 07:57:09 PM
Quote from: johnyj on January 29, 2015, 07:54:14 PM
Quote from: Spondoolies-Tech on January 29, 2015, 06:05:57 PM
Quote from: johnyj on January 29, 2015, 05:06:39 PM
Have you ever considered in forming an alliance like OPEC to limit the hash rate race?  Wink  I just saw Bitfury said that their cloud service would only add hardware based on demand, is this a trend towards more cloud based service?
It's funny to read it from mega self miner.
No, it's illegal.

How is that illegal?  Smiley It is just a consensus (if it ever can be reached). Even pools can be allied together to protect against a faulty fork in 2013, and against potential 51% attack if it ever happens

Imagine a vendor that have leading semi-conductor process 10nm, he can limit his production scale at a certain level so that the network hash rate increase slowly. He then could start a cloud mining service and sell the hash power at market rate, which leaves him large margin to deal with market volatility. I think that is what Bitfury means




In the USA there is an antitrust law preventing companies from joining together to set / fix prices and supply. Its to promote fair competition for the consumers.

This is common practice in the business world. Some just get caught. From memory remember how Samsung and Sony and a couple other TV manufacture's were price fixing their TV's to keep a premium price? They had secret board meetings and everything.  Of course it still goes on, all the time. It is called greed.