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Topic
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Re: History on Bitcointalk - Mining equipment scams, shams and failed deliveries.
by
Flying Hellfish
on 18/07/2018, 11:54:00 UTC
Thank you: Flying Hellfish for suggesting this topic.

No problems dude, I was never gonna do this so it's cool someone was willing to.  The history of the ASIC race was intense, at least for me.  I was dying to get into ASIC mining but for the life of me even being a newb I could not understand giving out an interest free loan to complete strangers on the internet without any kind of record.  I also couldn't figure out why they would sell me a machine for less than they could use it themselves for.

I actually coined a new phrase, investomer.  Which is someone who invests in the company but only has the benefits of being a customer of the company.  It was wildly unpopular back in the day, I took a ton of heat for being to "establishment" but whatever, I didn't get scammed but I was so close literally a click away once!

Black Arrow was another one I forgot to mention

The Original Avalon story and them being the first ones to produce a commercial ASIC miner was interesting.  I remember an article where the kid (yifuguo sp?) was sitting in a car with the first ever wafers of chips, I forget the percentage but it was a large percentage of the network hashrate literally sitting in his hands!

Hashfast was another intense one.

Jesus most of these deserve a post of their own LOL.

Thanks for doing these I love history and you're other threads were great as well bro!