BTC

He has the biggest winner in the bitcoin business.

The Bitmain in Beijing was only set up in 2013, but it has made enough money to sell mining chips as the 24-year chipset Nvidia.

A profit of between $ 3 billion and $ 4 billion was produced last year by Bitmain Mining Company. Market researcher Bernstein estimates that the Chinese company that has existed for a couple of years has hit the Nvidia chip maker. One of the team's secrets: Bitcoin prices have been adjusted to bitcoin prices.

Bitmain started only four years ago in the middle of the bitcoin blast. Since then, the Beijing-based company has been leading in mining and mining. According to Bernstein's analysis, the company basically invests in four areas: it plans a chip, manufactures a mining machine, operates mining sites, and provides cloud services to other miners.

The company can be so successful because it has come to market. Initially, the processor's computing capacity and later the video card resources were used by crypto-money miners for production. However, the target chips (ASICs) designed for mining are more effective than both. The device built from these chips can be up to fifty times faster than a video card solution. A large percentage of Bitmain revenue comes from the sale of mining machinery with such target chips. Bernstein estimates that the share of ASIC chips and Antminer mining machines can profit from 70 to 80 percent of profits.

The remainder of the money was essentially found: from the mining network, the cloud service and the sale of crypto funds, a billion more dollars were collected by the Beijing company. The Bernstein analysis also pointed out that Bitmain skillfully increased the price of its cryptophone price by increasing the price of its products, thus maximizing its profit.