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A comment on China’s Bitmain dominates Bitcoin mining, wants to cash in on AI. Parent comment

Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by bpicolo on Tuesday August 22, 2017 @09:31AM (#15072167)
I suspect they'd be designing for datacenters rather than consumers. That's essentially what they already do with bitcoin rigs too. It's a rented mining cloud.
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Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by jstanley on Tuesday August 22, 2017 @12:42PM (#15074104)
> It's a rented mining cloud.

That's not all it is. They do sell actual hardware as well, which you then run yourself.

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Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by bpicolo on Tuesday August 22, 2017 @12:56PM (#15074235)
Sure, that's entirely fair.
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Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by jameskegel on Tuesday August 22, 2017 @10:29AM (#15072726)
>rented mining cloud

Would you like to rephrase this to something more accurate?

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Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by bpicolo on Tuesday August 22, 2017 @10:47AM (#15072892)
What part do you consider inaccurate? You pay for hashes/s in their hardware pool. The phrasing seems pretty sufficient.

e.g. https://pool.viabtc.com/contract/

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Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by flashdance on Tuesday August 22, 2017 @11:13AM (#15073166)
Hashnest is a similar service run by bitmain.

> Hashnest is a cloud hashing platform. This means you can participate in bitcoin mining without maintaining the hardware yourself.

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