At its core Bitmain is a chip company developing chips optimized for cryptocurrency mining, and it has failed to successfully deploy a next gen chip since 2016 ( / THE LION'S DEN)
It then quotes talking about the patents - he can translate his own stuff. 😉 Next part pulls quotes and data from Allen Guo's article that I translated here: . Then a quote from Wu Wen Jie saying "miners only care about price & efficiency."
Investing in Bitmain's IPO, is investing in failure. Recent Bitmain chips: February 2017, the optimized BTC 16nm version of BM1X89 - FAILED December 2017, the BTC 12nm version of BM1X90 - FAILED March 2018, the BTC 10nm version of BM1X93 - FAILED
Here's a deep dive into #Bitmain's chip business, from their fortuitous rise to prominence, to technological stagnation, failed gambles resulting in billions in losses, & inability to innovate. Competitors have completely outclassed them. #BitmainIPO 📉💸
"A deep dive into Bitmain's chip business, from their rise to prominence, to technological stagnation, failed gambles resulting in billions in losses, & inability to innovate. Competitors have completely outclassed them."
A sober look at 's prospects and technology stagnation. Be wary of this upcoming IPO. via
Nice summary of the state of hardware (ASIC) for bitcoin and cryptocurrency mining