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.
First the network is ~3000TH, so to "dominate the network" you would need 3000TH too, today. More tomorrow.
Second the network pays 25BTC every ~10 minutes, if selling hardware brings more money than that, why the hell would anyone want to mine instead of selling hardware ? Dominating the network isn't a goal, maximizing profit is.
Share price would still be 4-5, and they'd be making enough to dominate the next generation.
As if competitors wouldn't try to do the same. They don't play in an isolated environment.
As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %
Math fail (might explain the confusion above) or liberal use of nonsense. Think more before writing or troll elsewhere depending on the case.