Quote from: gyverlb on October 29, 2013, 01:48:31 AM

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.

Maximizing profit, when the share price dropped from 5 to .5? I would say it is the opposite. They may have made more money selling, but now they are sunk, with some vague promises about next year. At least if they were hashing 1000 TH they would still be #1 for several months longer. Image means a lot in business. Then the share price may not have risen and crashed so traumatically. I think a lot of people are pissed right now because of how this was handled.