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/biz/ - Business & Finance

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3203420 No.3203420 [Reply] [Original]

Look at these niggers mining empty blocks. Someone should take care of Jihan.

>> No.3203510
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3203510

Free market bro.

>> No.3203637
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3203637

>>3203510
>Free market bro.
The easiest solution is to use the free market to fix the chinese problem. All we need to do is get crypto holders to fund an open mining ASIC and ensure it's mass produced and the public can buy as many as they please. If you cover the initial design and fabrication setup costs the chips themselves cost very little to produce. It would probably take about $50 million to annihilate bitmain and flood the market with cheap ASICs. You could break even selling them but it would just take a few years. Previous companies making mining ASICs want maximum short term returns so they either sell at very high prices or keep the ASICs to mine for themselves.

>> No.3203682

>>3203637
Then do it, bro. Nothing stopping other countries from building more mining farms than China. It's the free market.

Sheeple are mad about the Chinese miners centralising their bitcoin cash but I don't recall any these same sheeple saying anything when core devs centralised bitcoin.

>> No.3203709

>>3203420
Tone Vays confirmed shill.

>> No.3203822

Everyone should just switch to Vertcoin because it can't be mined by ASIC.

>> No.3203844

>>3203822
Pretty much, how do we get people to switch though? They buy BCH even though both BTC and BCH are outdated shitcoins in terms of tech. Chinese miners will likely destroy any ASIC mined coin by focusing on short term profits even if it kills the coins.

>> No.3203879

>>3203844

Somebody should create Vertcoin Cash. This would be a fork of the current Bitcoin blockchain but using the Vertcoin POW algorithm instead of SHA256.

>> No.3204059

>>3203879
Possibly, the lure of huge gains by jumping on early might work better though. It would only take the spread of the meme of VTC being a viable replacement and upgrade to BTC start it.

>> No.3204184

>>3203682
>then do it bro
i think you forget theres a madman in the white house.