Post
Topic
Board Press
Re: [2019-06-22] Bitmain Allegedly Looking for $500 Million in Upcoming U.S Share Sa
by
1Referee
on 23/06/2019, 22:58:10 UTC
I wonder is Jihan Wu will be involved with all of his great ideas Cheesy perhaps they will decide to support another fork and split bitcoin sv  into another version of a useless shitcoin.  It would be easier if they just expanded into a more liberal place like paraguay

Bitmain doesn't support SV. They support BCash and holds +1 million coins in their reserve. It's impossible to liquidate these holdings at a fair price to later on drop support. It would take years if they want to get the most value out of their coins because of the poor liquidity. The liquidity is so poor that whatever Bitmain, ViaBTC and BTC.TOP end up mining, the coins are kept off the market. They use their Bitcoin to cover expenses.

I think they will just try to keep the 5% ratio and hope that people buy miners to mine this trash. More large SHA256 networks means more demand for their hardware. Smart business move on that front.