Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitmain and Bitfury are most likely to deploy many of their new ASICs on their own farms, and I believe their cost to produce is way less than the price they give to the public. I suspect that most large mining farms in China will be able to recoup their equipment cost in a few months, if that long.
Hmmm. And here I thought that the WO consensus was that Bitmain was circling the drain, and were destined to kill BCH in the process. Guess that must have been a premature call.
Yes, it was looking rather bleak for Bitmain. However, it appears Bitmain has pulled through once again. Also, it appears that with this new development, they will be able to ensure they will have the hashrate to make sure the Bitcoin ABC hardfork goes through. Poor Craig Wright will probably be rebuffed again.
