Charlie Lee: Bitmain's huge profits mean miners' income is shrinking
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Litecoin founder Charlie Lee tweeted that Bitmain's net profit in Q1 2018 reached $1.1 billion. The total value of all Bitcoin in Q1 was $1.3 billion. The mining rewards go either to the miners or to the mining machine manufacturers, so if Bitmain makes so much money, there will be little left for the miners. |
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