In the New York agreement, developers of Bitcoin ecosystems suggested the implementation of SegWit and the glorious Bitmain gave a crisis and did not accept.
Because?
Your equipment would lose its advantage, ASICBoost is not compatible with Segwit.
https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9fSupposedly Bitcoin Cash was created to improve ecosystems with the implantation of blocks larger than 1mb, however, such improvement is not in fact, being used, some blocks at peak times were higher than 1mb, see the chart:
https://fork.lol/blocks/sizeThe truth, Bitmain saw that it could not insure SegWit, so, not to lose its advantage with ASICBoost, decided to create Bitcoin Cash, surprisingly, in a few days the company made more than 100 million with Bitcoin Cash.
How did Bitmain value Bitcoin Cash so much?
Today you only buy an Antminer S9, certainly the most sought after mining on the planet, only with Bitcoin Cash, see the link in the payment window.
https://shop.bitmain.com/productDetail.htm?pid=00020171110160546640l4g92i60062EConclusion - We can see that Bitmain manipulates the market in every way. In January 2018 there will be about 50,000 people rioting in Bitmain because they bought a toaster, Antminer D3.
To fight with an unscrupulous company of this size, I see only one way, let's unite, so we'll have a voice.
See the emails we receive from Bitmain are copies of each other.
I created a group in gmail to try to group as many people as possible. Anyone can help manage the group.
https://groups.google.com/d/forum/antminer-d3Yea its good to see more turning on to the pump and dumpers that Are bitmain. The only reason bch has a leg to stand on is bitmain changed the payment from btc to only accepting bch. They are pulling the same scam they pulled with bitcoin on bitchcoin or aka bitmain cash. The problem you have is most of us are computer nerds behind a desk. How many of us do you think will goto bitmain doorstep and riot??? There are no laws on this sh$t yet. China ban ico so bitmain circumvents it by creating new coins. Eventually they will abuse it to the point where China bans new coin creation. Of course that would be like trying to ban bitcoin so they will make accepting it illegal. Keep poking the bear bitmain eventually it will bite you back!!! To all that lost on this scam I feel for ya. Crypto is a scammers haven. Bitmain falls in that category for quite some time now. Be careful folks.
Sadly this is what capitalism breeds. Gotta always fuck your fellow man to get ahead. What the fuck happened to us as a society. We are allowing capitalism to eat us from the inside out. DISGUSTING
Hell I watch so many emotions on this forum all over money. Why do we let something have so much power over us?
BR
Everybody who bought a D3 need to keep in mind that Bitmain did not force you to buy a D3. Everybody had an equal opportunity to do their own research, and make their own decisions. It's not Bitmains fault that the network difficulty skyrocketed so much. They saw an opportunity to create a new miner for a new algo, and the made enough to fit the demand. They did a good job. People who bought the first batch of D3s either broke even or may have even made a small profit. If you did some research you would notice that the D3, while affordable, were already not as efficient as other miners in the market (A5). If you have mining experience under your belt, you would know that buying a D3 would not work out in the long haul when something more than twice as efficient is available. If you did realize this, you bought the D3 hoping to get into the marker before the network difficulty skyrocketed, meaning that you managed to get their first batch or (possibly) second batch, and had the opportunity to make a profit before too many people were able to join in.
If I walked into your house and begged you to sell me your toaster and offered you $2699, and you were under pressure to make as a profit, would you not sell it to me? At the time of sale it seems like a win win. I am happy that I have a new toaster, and you are happy you made a huge profit.
Bitmain could of simply decided to only sell half as many Antminer D3s as they did just to prevent the network difficulty from skyrocketing, but they would be taking a huge financial loss, and disappointing tons of customers that lined up to buy the D3.
Take this as a lesson learned the hard way. Mining has risk associated with it. Nothing is guaranteed, otherwise everybody and their grandma would be doing it.
I know I may make many people upset with this post, but I feel that people have to take responsibility for their actions and stop blaming Bitmain. Bitmain is only guilty of delivering what was in demand. They probably saw this coming, but they cannot assume responsibility for the network effects. They can only supply our demand.
Of course they could do thing better like shipping PSUs on time with the Antminers if they were bought together, or stop supporting a cryptocurrency aimed at centralization (BCH) but there is always room for improvement.
tl;dr = Take responsibility for your actions and stop blaming Bitmain for network effects. If you didn't know that the Dash network difficulty was going to skyrocket, you didn't do enough research before you purchased.
Agree with your point ...