Although I am highly invested in Asicminer Shares, it is a bit disconcerting that they will control so much power under one single entity.
Dude you should sell and get KNC instead.
Nobody should be supporting these assholes. It would be a different story if they weren't mining with what they produce, but they are.
We really need a sticky or something explaining how this will kill the small miner. It still isn't too late to apply the brakes to this if an information campaign is started.
How, we have no influence on him now. We let him issue 400,000 shares and value his company at $140m. We gave him $57m of capital, we bought $m's of hardware from him at a 95% markup, we [BFL] let him take such a large part of the network that no one can stop him.
We could raise $1b tomorrow and we wouldn't be able to catch him for 2 years, by which point the damage is done.
We lost the game, the greedy man ruined it for us all.
The questions is who bought all these Over Price Hardware from him? Especially the USB AsicMiner? Who is help by a group of co-hots namely those who started the group buys and those middle men who go for the Quick Buck. It is the Westerners who bought all of these over price stuffs from him. Who to blame? Avalon may go big time into mining nobody knows. If all the Westerners boycott Chinese Mining Hardware from China that may slow down the growth of AM and those from China.