Quote from: kingcrimson on October 29, 2013, 01:26:28 AM

Quote from: gyverlb on October 28, 2013, 10:55:15 PM

Quote from: kingcrimson on October 28, 2013, 07:56:23 PM

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.

Quote from: kingcrimson on October 29, 2013, 01:26:28 AM

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.

Quote from: kingcrimson on October 29, 2013, 01:26:28 AM

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.