Re:A Thinking Person's Guide to the Latest Bitcoin Drama
by StavrosK on Monday May 01, 2017 @04:22PM
(#14241169)
Why is it branded as savings? If they're 30% faster, that's 30% more profit, no?
Re:A Thinking Person's Guide to the Latest Bitcoin Drama
by kobeya on Monday May 01, 2017 @05:30PM
(#14241857)
30% more revenue. And this is in a marginal industry. Bitmain can keep adding miners until the difficulty pushes all non-ASICBOOST miners out of business as their power costs exceed revenue, but Bitmain (who pays the same for power) would remain in business. This has already happened: see KNC miner.
https://medium.com/@jimmysong/mining-profitability-and-asicb...