Bitmain’s profit made up to $4 billion last year

[coinpediaJordan]

Bernstein Research has released report saying Bitmain’ profits made $3 billion to $4 billion from selling Bitcoin mining and cryptocurrency mining hardware.
Checkout detail info here: Bitmain’s profit made up to $4 billion last year

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[Aura]

That's the danger of the monopoly Bitmain has, they could control the network if they want. But it's really hard to compete with them, to produce a small batch of custom designed ASICs would cost you millions. Let's hope that Samsung can stop their monopoly and that more companies will join the competition.

[Bolt Brownie]

Bernstein Research has released report saying Bitmain’ profits made $3 billion to $4 billion from selling Bitcoin mining and cryptocurrency mining hardware.
Checkout detail info here: Bitmain’s profit made up to $4 billion last year

Yes I've heard that, it's crazy, and I think it somehow legitimizes bitcoin. Mining is necessary to keep the network safe, that's their main purpose, and to see how much money is spent just to secure the network, shows how valuable it is in my opinion. They were even more profitable than nvidea, how crazy can that be. No wonder samsung is getting into crypto mining as well. Let's see how it goes (it will at least bring some good competition to the industry, which is always good).