The only way to compete with Jihan, is to design a better ASIC.

The same people buying mining hardware from Jihan and strengthening his hand, are the same ones complaining about Jihan.

I see all these miners complaining about Bitmain, and yet not seeming to realise that they are the ones funding their business.

What do you think Bitmain does with the profit from selling miners? They manufacture more miners for themselves. And they get them at cost.

You cannot beat Bitmain by buying products from them. They will always win at that game. You buy one S9 from them, they make 2 more for themselves with your money.

It's like complaining that McDonalds is evil whilst stuffing your face with a Big Mac.

The only way to compete with Bitmain, is to design a better ASIC. Americans own the CPU industry. Why is there no American competition for an SHA-256 ASIC?

Bitcoin is designed for miners to have the vote. The only way to even the vote is to have competition. And there isn't any.

Maybe instead of uselessly whinging that somebody else won the race (it's like Intel complaining about ARM - pointless), somebody needs to start training for the next heat?

Submitted July 31, 2017 at 03:10PM by theantnest http://bit.ly/2wdr976