Bitmain bleeding to kill the competition

Apparently Bitmain has been running at negative profit margins for their flagship S9 and L3 ASIC miners in order to kill off the competition.

While this may be good for ASIC purchasers in the short run, elimination of competition inevitably leads to a monopoly that leaves pricing power in the hands of a single party, thus giving Bitmain the ability to raise prices at their whim in the future.

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