So why hasn a competitor to Bitmain popped up in China, the knock off capital of the world? If a factory is producing some widget even mildly profitable, the factory across the street with start producing that widget too. This goes for anything; from tablets with Chinese SoC processors to shoelaces. So why hasn a competitor created their own ASIC chips? Given their non existent IP laws, it unbelievable that after all this time, Bitmain is still the sole producer..

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