I figured I could join in on this discussion... what are people's thoughts on this?
https://forum.bitmain.com/bbs/topics/1832?page=1I slowly got into mining, based on interest in Bitmain ASICs, even tried out their cloud mining at Hashnest, but realized that it is almost a Ponzi scheme, especially when I lost about half my investment with their New Year's "gift" (which isn't much considering I know others who lost much more there with this stunt they pulled):
https://forum.bitmain.com/bbs/topics/983Thanks to Bitmain being shady, I am completely out of mining, as it seems they like to control the market:
https://forum.bitmain.com/bbs/topics/1829I have a feeling that this is the "centralization" of a decentralized currency.... Considering they manufacture the ASICs, and can plug as many as they want, and you KNOW they will announce the Antminer S50+ with 10 PH power in just a month (sarcasm), even though they still have a good inventory of their last model that they haven't sold... and they will probably sell too...
just like their PACMiC scheme:
https://forum.bitmain.com/bbs/topics/1823What also scares me, is that most Bitcoin nodes are US based, yet the biggest ASIC manufacturers and pools are Chinese based...