Post
Topic
Board Speculation (Altcoins)
How Bitmain Plans to Rule Mining and Influence Coin Prices
by
bearsworth
on 06/07/2018, 21:08:52 UTC
As a miner I think Bitmain is something to be feared. No one really like miner centralization. However, after much thought and analysis, I believe Bitmain is a necessary evil.

Bitmain is required to help boost prices of Bitcoin up. They sell hardware and prevent other competitors from entering because they will actively re invest back into cryptocurrencies. I can't say the same for other mining companies and it seems better than giving money to Nvidia and AMD in the long term.

I've written a full article on my thoughts here: https://bitrpc.com/2018/07/06/how-bitmain-plans-to-rule-mining-and-influence-coin-prices

Please share your thoughts if you have varying opinions or insights regarding Bitmain.