You do know that likely the biggest mining company out there, BitFury, sells industrial mining gears to other miners. I would say this qualifies as "enabling others to compete with them". They actually offer the service of building data centers and supplying mining equipment for mining operations i.e. other Bitcoin miners.
In fact, every mining companies in the ecosystem probably mine Bitcoins themselves AND sell mining gear. So your point really doesn't make any sense, at all.
In fact, every mining companies in the ecosystem probably mine Bitcoins themselves AND sell mining gear. So your point really doesn't make any sense, at all.
So if a mining company makes a rig that is projected to generate $10,000 worth of bitcoin what do you think they will sell it for?
A. $8,000 basically giving someone $2,000 because they just love people and support bitcoin.
B. $10,000 because it allows them to get the $10K right away upfront locking in maximum profit right away. (This leaves the buyer $0 in profit because they paid what it was going to produce)
C. $12,000 Suckers! Person buying looses $2,000 because they were overly optimistic about something.
The answer is C or some form of it. KNC characterized their shift to just mining themselves as more honest.
what has this anything to do with what I said?
My point is that it doesn't make sense for a company to enable others to compete with them.
this is what I replied to. if mining companies would not want others to compete with them they would not sell mining gear, not offer cloud mining service and simply keep all of that good stuff to themselves.
the reality is...they don't! cause they need other revenue streams so that they don't have to sell their BTC reserve to grow their company.