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Bitmain Hits Back at “Dirty Tricks” Accusations

Chinese mining behemoth Bitmain has strongly refuted allegations that it pressurized an ASIC manufacturer into shutting out a overseas competitor. In a extensively shared weblog post, Siacoin’s lead developer David Vorick lifted the lid on the cutthroat ASIC mining business. In a response, Bitmain praised Vorick’s input to the enterprise – however took exception to one particular part of his writeup.

Bitmain Breaks Its Silence

Bitmain is a agency of few words, preferring to let its ruthlessly efficient ASIC miners do the talking. It used to be stirred into breaking its silence, however, after an explosive weblog post by David Vorick used to be published three days ago. The lengthy article contained a number of revelations and allegations about the cryptocurrency mining business, and Bitmain’s function in particular.

As we reported: “Siacoin’s lead developer repeats claims he has heard that “Bitmain plays dirty”. Vorick was once allegedly instructed that Bitmain would use its power to end other ASIC companies from manufacturing in China. Despite going to terrific pains to conceal Obelisk’s involvement in such a deal, the Chinese producer backed out all at once in a move that reportedly value Obelisk $2 million. There is no proof that the manufacturer was once leaned on by Bitmain, however David Vorick leaves no doubt as to where his suspicions lie.”

Not content material to take this accusation lying down, Bitmain has hit back, retorting: “Considering the certainly tremendous variety and diversity of suppliers in China, it’s difficult to consider that Bitmain should possibly exert such effective manage over a competitor’s furnish chain to the degree the article suggests.” Interestingly, Bitmain doesn’t outright deny the allegation, focusing as an alternative on the truth that “six percent of [Vorick’s] whole article” is taken up with exploring these supposed soiled tricks.

A Few Words From One of the Industry’s Most Furtive Organizations

David Vorick’s weblog submit used to be a 5,300-word tour de force. Bitmain’s riposte, in comparison, runs to simply 380 words, which supply just adequate space in which to refute allegations of “dirty tricks” and the thought that “Bitmain floods the market with its mining rigs”. It’s curious that the mining corporation ought to select to address this latter point, because nowhere in Vorick’s article does he accuse the organization of flooding the market with rigs per se. He does although accuse the organization of a range of other underhand tactics, such as mining with its personal units and then shipping them once they’re no longer profitable, but Bitmain makes no mention of this.

The new Obelisk ASIC miner

As David Vorick stated in his blog, it is extremely challenging to show his audacious claims. If a large ASIC manufacturer used to be to conspire with a domestic supplier to thwart a rival, there would be no paper path to go on. As a result, readers can only speculate as to who they trust is telling the truth: Siacoin and Obelisk developer David Vorick or Bitmain.

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