They're not "standing up to Bitmain" and it is foolish to claim as such. They are centralizing asic mining to profit from 100% of all asic miner sales used for this coin................ Communism is alive and well in Crypto it would seem. I wonder what decision will be made next to benefit the Sia team?
In case anyone has forgotten, the whole base principle of cryptocurrency is decentralization. Sia is now centralized and no doubt they will have representatives arguing till the end of time they are not but the facts are evident. At this point in time you couldn't run fast enough to give me a Sia coin.
Chris B.
It hurts my brain to see the sheep saying that this selective bricking of devices is ok.
Well if I were sia I would brick your team’s asics along with innosilicon.
Then I would not sell any more of my asics. Wait until bitmain and innosilicon copy my asics.
Say 120 to 180 days then brick all copycat asics of my asic. So at this point I then would switch to progpow+cnv2 mashup that every end of the month the algo is picked be the tx id for the last block of the month.
I could ruin most asics made in the last year that wiped out the entire worlds gpu mining value by careful attacks against asics.
But I just a guy in NJ , USA typing on an iPad mini.
The cryptocoin industry was dealt a wicked attack when bitmain crushed gpu coins with asic after asic and flooded the market with them at dirt cheap prices.
But you are a guy based in China and I am a guy based in the USA so we will differ on what is best for coins. To me I no longer see bitmain’s vision that they have for crypto coins.
To fanatic26 I do not think you are wrong to side with bitmain. If I were in your position I would most likely do so.
I had a 2 megawatt deal in solar die for me.
I would have had 333kwatts at 1 cent if the deal worked.
I would have purchased 200 s9js with psus in late July and be close to roi already.