There is no crypto or blockchain company in the world more synonymous with mining than Bitmain. Although crypto mining was an innovative solution to what was once an intractable problem, it is far from perfect and in some ways its flaws are growing. For example, the current mining reward for the Bitcoin blockchain is 12.5 Bitcoins, worth approximately $82k under today’s prices. ConclusionThe current inflection point that the mining industry faces was in some ways inevitable. In some ways, perhaps they would have been welcomed in the sense that their introduction meant that Bitcoin, and the broader crypto industry, had grown significantly.

Source: Forbes October 01, 2018 19:41 UTC