Monday , April 12 2021

Bitmain Sued for $ 5 million: accuse them of undermining the already sold equipment | CriptoNoticias

Advocacy with the & # 39 is a user Gevorgyan states that Bitmain system since January this year when he bought a variety of commands, including Antminer S9. According to Gevorgyan, the product is difficult to set, so that the process takes a considerable amount of time.

Although it does not specify the exact amount of time it took for the applicant to establish a miner, legal action against Bitmain also ensures that This new practice adds additional costs to the initial operation of each device.

In fact, the plaintiffs are seeking compensation for economic losses due to violation of the Unfair Competition Law (UCL), a behavior that "offends public policy is immoral, unethical, unscrupulous and gloomy." Therefore, lawyers are seeking compensation in the amount of $ 5 million.

The lawsuit also includes expenses such as illicit enrichment and conversion. In this regard, the company said that the company "does not lead to equipment customers." He added that, considering that production is only a small part of their business «Bitmain, has less incentive to do so in comparison to the transportation of the equipment in the most a short time to meet the confirmed orders. "

Bitmain action against processed for both companies registered by the company. One in the State of Delaware, United States and one in Beijing, China.

Bitmain, a year full of setbacks

This lawsuit against the company for the production of mining hardware was published shortly after the removal of rumors Cihan in as CEO Bitmain, and after some missteps with its initial public offering.

In addition, it is doubtful profitability latest released equipment, Antminer S15 and T15, and a 7-nm chips, as the company still was not clear about the performance of these devices.

It is unclear how the court will proceed with this requirement.

Said image BestStockFoto /

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