Innosilicon and bitmain have sold an amazing amount of gear and low power guys have been buying and buying and buying.
All this leads me to think
We are not going to get a bull run until the asic miners stop selling gear.
More on that:
They must have done 1 billion in gear sales in 2018 and much is at lower btc prices.
So when both Innosilicon and bitmain stop selling they have a vested interest in a pump of coins. Since they have a ton of them.
As always, your thoughts are much appreciated. So you are thinking that eventually Innosilicon and Bitmain will stop selling ASIC miners and make their profits via the resulting increased prices of coins? What would their employees do? Also, that would seem to leave the market open for another player to jump in and fill the void by producing their own ASIC miners, right?
Im with Phil on this one.
Basically what will happen is they will stop the sales of ASICS and what I mean is they wont sell 300 s9 but only 100 at a time not completely stop production
Then slowly increase the price of bitcoin and altcoins
To where itll bring attention to the crypto market again
Thus making a demand on asic product and mining equipment
The two things that will change the game is FPGA become affordable or greens/reds start controlling the market
Like ASICS do to make the demand so they can supply