Post
Topic
Board Speculation
Re: The negative impact of mining farms
by
DaRude
on 27/10/2014, 01:12:56 UTC
Yeah i'm yet to hear a valid counter point to this. Although i don't see them as evil, just part of the ecosystem/capitalism. Hope the halving and a risk of a hard fork if they get out of control would keep them in check.

Quote
BitFury founder and CEO Valery Vavilov indicated that the new funding will allow the company to complete production of its 28nm ASIC chip without selling the reserve bitcoins it has mined from its three industrial-scale data centres.

Quote
Vavilov told CoinDesk that it decided not to tap its bitcoin reserves as it remains bullish on the long-term value of bitcoin.

"We believe in the long-term perspective [the price of bitcoin] will grow and we decided to not to sell [our bitcoin] at such a low price," Vavilov added.

Again the fact that this one time event was so against the norm that it made the news should hint on how the normal course of business goes. Would BitFury selling their inventory to fund new farm made the news??? Think that be considered the normal course of business