What I mean is that they destroy mining. See how powerful machines they make, see their miner for siacoin. Now asic on ether?
But I wonder why do they sell their equipments? For example Bitfury doesn't sells but Bitmain sells. Why? While they can leave it for them and become much stronger.
I love how you ignore the fact that other people are making asics for the same algos and you blame bitmain for being first to market. I cant tell if its an irrational hatred for bitmain or just pure ignorance.
Bitfury does sell all kinds of stuff, from bare chips to entire pod style hashing boxes (look up Bitfury BlockBox)
It takes datacenter space and power to run an infinite number of miners. There is no way bitmain could just run all the hardware they make for themselves, they sell literally billions of dollars of hardware a year.
Bitfury sells lots of something, just not to end users - so they aren't as obvious about how much they contribute to network hashrate.
Ditto BW.COM, though most of THEIR stuff ends up internal mining on their own pool.
The big isssue with Bitmain is that they tend to SWAMP an algorithm which huge sales - when they can - to the point that profitability goes into the basement.
Bitcoin has been resistant so far due to the HUGE price runup over the last 3ish years outpacing what miner makers CAN build, and same to a degree for Litecoin - but the OTHER algos Bitmain has entered it HAS managed to swamp badly and quickly.
Sorry for not saying that, I forgot to mention that Bitfury not sells for simple users.
Call it "an irrational hatred" for bitmain. Don't like how this company acts, just look their actions more deeply, why they do and what's the result.
If you want call me crazy but for me this company is the company which has serious power over crypto and they are somehow dangerous.
Why did they enter in siacoin mining in such way? If they make asic miner for ether, there is no doubt it will be powerful and pretty soon we will have to say goodbye to GPU mining.
