Tricks Archives -
An inmate considered dangerous is on the loose in New Mexico after a surprisingly easy escape: Authorities say Duwin Perez-Cordova hopped on a bus at the Metropolitan Detention Center in Bernalillo and then was released in downtown Albuquerque. It appears that the 27-year-old, who was accused in a December shooting,…
Chinese mining behemoth Bitmain has strongly refuted allegations that it pressurized an ASIC manufacturer into shutting out a foreign competitor. In a widely shared blog 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 industry – but took exception to one particular section of his writeup.
Bitmain Breaks Its Silence
Bitmain is a company of few words, preferring to let its ruthlessly efficient ASIC miners do the talking. It was stirred into breaking its silence, however, after an explosive blog post by David Vorick was published three days ago. The lengthy article contained a number of revelations and allegations about the cryptocurrency mining business, and Bitmain’s role in particular.
As we reported: “Siacoin’s lead developer repeats claims he has heard that “Bitmain plays dirty”. Vorick was allegedly told that Bitmain would use its power to stop other ASIC companies from manufacturing in China. Despite going to great pains to conceal Obelisk’s involvement in such a deal, the Chinese manufacturer backed out suddenly in a move that reportedly cost Obelisk $ 2 million. There is no proof that the manufacturer was leaned on by Bitmain, but David Vorick leaves no doubt as to where his suspicions lie.”
Not content to take this accusation lying down, Bitmain has hit back, retorting: “Considering the truly vast number and diversity of suppliers in China, it’s difficult to consider that Bitmain could possibly exert such powerful control over a competitor’s supply chain to the degree the article suggests.” Interestingly, Bitmain doesn’t outright deny the allegation, focusing instead on the fact that “six percent of [Vorick’s] total article” is taken up with exploring these supposed dirty tricks.
A Few Words From One of the Industry’s Most Furtive Organizations
David Vorick’s blog post was a 5,300-word tour de force. Bitmain’s riposte, in comparison, runs to just 380 words, which provide just enough space in which to refute allegations of “dirty tricks” and the notion that “Bitmain floods the market with its mining rigs”. It’s curious that the mining company should choose to address this latter point, because nowhere in Vorick’s article does he accuse the company of flooding the market with rigs per se. He does though accuse the company of various other underhand tactics, such as mining with its own units and then shipping them once they’re no longer profitable, but Bitmain makes no mention of this.
As David Vorick acknowledged in his blog, it is extremely difficult to prove his audacious claims. If a large ASIC manufacturer was to conspire with a domestic supplier to thwart a rival, there would be no paper trail to go on. As a result, readers can only speculate as to who they believe is telling the truth: Siacoin and Obelisk developer David Vorick or Bitmain.
Do you believe Bitmain? Let us know in the comments section below.
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The Beverly Hills attorney set to lead the IRS likes magic tricks — he’ll need a few to run the agencyFebruary 13, 2018 | dailybusinessnews
The Internal Revenue Service this year will have to write and interpret a bevvy of rules as the agency implements the most sweeping set of changes to the tax code in a generation.
And leading the agency through that process could be an IRS commissioner with a resume quite unlike those of his predecessors.
In homes and offices across America, you can’t throw a stone without hitting a Windows PC. You’ll find Microsoft running on monitors in almost every school and library, in businesses big and small, and in living rooms, bedrooms, and dorms from coast to coast.
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Canon’s already got a handful of mirrorless cameras under its belt, but the company hasn’t quite committed itself to the format in the same way we’ve seen from likes of Sony, Olympus and Fujifilm. The company’s latest, unveiled early in the lead up the big Photokina event in Cologne next week, looks to mark a much whole-hearted shift toward the space. And in a sense,… Read More
It’s an open secret that the Internet of Things (if we must call it so) is pretty terrible, whether in standards, interoperability or security. Good security, though, you don’t really expect in a smart light bulb or coffee maker. A smart front door lock, however, really shouldn’t be quite this easy to hack. Read More