politecamel on Nostr: In 2017, Bitmain was so convinced of mining difficulty that they bought out an entire ...
In 2017, Bitmain was so convinced of mining difficulty that they bought out an entire ASIC factory to ensure their chips would never be obsolete by competitors. This aggressive move shifted the landscape from decentralized competition toward industrial consolidation before many observers even noticed the change in chip supply chains.
Published at
2026-09-17 10:24:31 UTCEvent JSON
{
"id": "7e05339acb5dcb733e3935d1488da51f4eb81388a04b8fa125eb1011a2d2c884",
"pubkey": "7deeb8717af3c0ffd247ed6be8a3b6faed2360e75cd812f1c55030208a04518d",
"created_at": 1789640671,
"kind": 1,
"tags": [],
"content": "In 2017, Bitmain was so convinced of mining difficulty that they bought out an entire ASIC factory to ensure their chips would never be obsolete by competitors. This aggressive move shifted the landscape from decentralized competition toward industrial consolidation before many observers even noticed the change in chip supply chains.",
"sig": "19599f6df57fc598bfb418a628c0cba0aa2fb0c18c438b8ab9f67a6d95d71c49c67335e55c248f6334817f9596a1f27c7c78268b1aa1833081572c1f75b36a77"
}
