How asics kill coins. I dont see how dies bitcoin litecoin dash...
I will tel you how, its simple, by:
1. creating high end miners with really high hash rates the Asic manufactures
2. putting them to mine for themselves,
3. collecting a lot of coins with low production cost
4. Pumping these coins
5. Selling - dumping the collected coins for huge profit
6. Releasing for sale the miners to the Public
7. Making huge profits again from the sales ..By adding a lot of Hash rate to a coin the selling activity is higher that the investment activity so the coin is going all the way to zero, till the Asic miners will stop to have profit and they will move to the next coin ....
Did you understand now how they play the game ?
You nailed it. A friend rushed to buy the Antminer X3 due to FOMO and now Bitmain apparently is offering to refund $9000 of the $12000. So he's getting a $3000 doorstop.