Bitmain: IPO and Technical Challenges
THE LION'S DEN
During the market’s best two years, Bitmain did not roll out any new chips or new mining machines to update its core Bitcoin mining product line, which can be fatal for a chip company in this fast-…
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."
The Four Satoshis
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.
"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.
Ben Lorica 罗瑞卡
Nice summary of the state of hardware (ASIC) for bitcoin and cryptocurrency mining