What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.
Why would he put more TH/s online when people are willing to buy them for more than they can generate in their lifetime? The smart thing to do is to sell them for a quick profit that can be reinvested instead of betting on the hashrate to reach a plateau in the next few months (only way current 1st gen chips could be profitable even bought at cost).
I don't understand this, if they could be mining 1000TH instead of sold them as USBs, that is enough to make them dominate the network. Share price would still be 4-5, and they'd be making enough to dominate the next generation.
As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %