Bitmain CEO Jihan Wu categorically denied that the manufacturer of equipment for the mining industry secretly uses their newly developed devices before making them publicly available.
W made this statement during an interview with Fortune, hitting rumors and reports that after developing the ASIC for specific applications for the new hash algorithm, Bitmain will secretly work with these devices for several months before putting a new one product for sale.
"No, it never happened. We have a small test. We do not do this. This is not our strategy. "
Earlier this year, suspicions that the Chinese company had privately used its equipment prior to release were apparently confirmed when the mono-protected crypto currency activated the hard plug to change the Cryptonight development algorithm and prevent the use of new ASICs from Cryptonight from Bitmain.
Following the fork, a significant part of the hash continued to extract the old chain, and the consensus among observers was that most of this hashata comes from ASIC from Bitmain Cryptonight, which has not yet been sent to the public.
Similarly, Wu said that Bitmain's mining company does not have the time, resources or incentives to work in the shadow mining.
"There is a certain group of people who for a long time owned most of the hashing of Monero. I would like to say that the development of this kind of ASIC is not the secret workshop that only Bitmain possesses. Many can do this. For large companies such as Bitmain, and especially me, I do not even have the time, attention or resources to have such a plan for this. If we develop hardware, we simply release and sell it on the market. Right after we work with model machines, we start selling to the market. We do not have such advantages. "
As reported by CCN, in recent weeks, as usual, the usual mysterious Wu began to appear, which became available for interviews because the company reportedly began viewing the publication through an initial public offering (IPO) in Hong Kong or the US. The firm internally estimated itself at $ 12 billion, but some analysts believe that its true value may be closer to $ 9 billion, based on its revenue.