Essentially the ASIC mining rigs are created by a handful of companies. They only sell a small portion of what they make to the general public, and keep the rest for themselves. On the other hand the GPU companies are not in the mining business, so they don’t control the supply of rigs that go out to the public.
They can. But they would have to pay a lot of money to convert all those GUPs into coin. Just sourcing the GPUs it a pain. Not to mention the mobos, ram, CPUs, risers and miner frames. Then you need to put all tge kiners somewhere. Plus, it takes a ton of time to build and support miners. Mining coin is hard work.
Some person down south about a month ago had a 15,000 MH altcoin mining operation they were selling on eBay for 250k. They had a buch of miners in a huge steel building.
Essentially the ASIC mining rigs are created by a handful of companies. They only sell a small portion of what they make to the general public, and keep the rest for themselves. On the other hand the GPU companies are not in the mining business, so they don’t control the supply of rigs that go out to the public.
Valid point. I want to know too.
They can. But they would have to pay a lot of money to convert all those GUPs into coin. Just sourcing the GPUs it a pain. Not to mention the mobos, ram, CPUs, risers and miner frames. Then you need to put all tge kiners somewhere. Plus, it takes a ton of time to build and support miners. Mining coin is hard work.
Then you need to put all the miners somewhere (room, building, shed, etc.).
And keep them cool.
Some person down south about a month ago had a 15,000 MH altcoin mining operation they were selling on eBay for 250k. They had a buch of miners in a huge steel building.