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replied 1613d
I’m still on the fence about this assertion, can you link me with some material to make an informed opinion?
replied 1613d
I'd like to see where the negative opinion comes of him as well. He has been instrumental in getting the large scale mining business up and running it seems.
replied 1613d
Jihan and his friends profited a lot on the backlogs and this is why most SHA256 miners support BitcoinCore to this day.
replied 1613d
The only time when Jihan allocated hashpower to BCH was to exploit the early BCH bugs and rapid-mine the fuck out of it, which he later dumped for BTC.
replied 1613d
Remember asic boost
replied 1613d
Also, don't forget that he stood behind the Coretard narrative that BCH is not Bitcoin, and recently he fearmongered saying that BCH value will collapse after the halving.
replied 1612d
He did say that, and with all the large fluctuations in value coupled with general market volatility in the space makes me worried about losing everything
replied 1612d
Biggest asic guys from the past Butterfly labs gone...knc miner gone...bitmain wont last forever either and jihan knows this.
replied 1612d
Meh, I’ll just go along for the ride then. Even if my bags amount to shit in the end, we did some charitable things in HK and I got to donate for a few plates in of food in Caracas.
replied 1612d
Lol dont worry once bitmain goes ..within a few years or less a new player will takeover.
replied 1612d
This is why the monero community aims to prevent ASICs.

GPU mining lowers the barrier of entry and leads to a healthier mining landscape.
replied 1612d
Have they not got loads of old fpga they use instead?
replied 1612d
I'm not aware of FPGA's being used for monero mining at all. The current algo is mined with GPUs and the upcoming algo favors CPUs.
replied 1612d
Personally, I'd prefer GPU mining.
replied 1613d
As for large scale mining...it's a problem, not something positive.

Please read this carefully: https://bitcoin.com/bitcoin.pdf