I interviewed with bitmain when
BTC lost its floor (6k to 4k) and they seemed optimistic
I asked them about job security if
BTC goes bust they said operations will resume as normal with potential to just mine alts
I brought up that alts where crashing just as fast and they didnt seem bothered but where no longer interested in my employment as I was asking to many operational questions. (The interviews where for facility manager BTW) I was also being interviewed by people who did not have much knowledge on BC itself.
So this project projected 400+ Jobs to Milam county at most it produced 15 employees and has since reduced to 5 employees this week(1/17/19).
Milam county made lots of provisions as a desperate town on verge of rebirth (
http://www.milamcounty.net/docs/agendas-minutes/2018%20Minutes/Minutes%2011-13-18.pdf) Tax abatement's (contract is for tax free/tariff exemptions ect. for 10 years among other things involving energy usage) but bitmain is falling short , In fact they are falling 98.75% short of contract terms!
ALSO mentioned during interview how would operations remain profitable if btc keeps crashing ? Mentioned them nulling out via difficulty/pricing ect. even with near free electricity an operation this scale would hardly sustain unless you are getting near free electricity or mining on in-house unreleased mining gear. (didnt want to talk about operations/implements)
I was not mad I did not get hired, Just mad that I vested so much hope and optimism into them just to turn out they where nowhere near their P's & Q's like I would have thought. Looking back Im glad I did not get hired, I would have moved to a baron town, signed new leases , transferred my kids school everything. Just to probably get fired/let go a month later.
Are these signs that crypto is really going down or just bitmain?. Bitmain laid off %80 of its employees,tried to ipo on lies,wu stepping down just seems like a big train wreck cluster fuck coming soon.
