What can happen that might spoil this, would the miners explode, for example?
okay I will attempt to explain it as best I can. It is a long explanation.
Give me a minute to compose my thoughts.
Bitmain is the largest builder of gear.
Bitmain cut three deals this year.
With hashnest
with viabtc
with bitdeer.
I estimate they control more than 20% of the worlds hash in :
Eth
Btc
Bch
Ltc/Doge
They build good asic miners.
They were selling s19pros which mine btc and or bch for 2k before the rally
They were selling L3+ for 300 usd back in the day
They now make an Eth e9 and most likely it cost them under 3k to build it.
why is any of the above important?
simple they can have 200% of the miners needed to mine
BTC
BCH
LTC/DOGE
ETH
the gear is cheap for them. by not selling it to regular miners. they make mining cheaper for them selves and difficulty is lower for themseleves.
they then list gear with really long delivery dates and if mining profits for them are high they make them arrive later.
worse yet no one audits them.
so say they run 1 eth e9 miner to handle the eth contracts they have.
it makes 330 usd a day for 2800 watts
say they have an extra one and they run it making the same 330 usd for 2800 watts.
they use that 330 usd to buy btc.
and the 8 s19pro contracts that cost 3300 watts each are shut off.
they save 8 x 3300 watts. they pay the contracts with eth that purchased the btc.
they can juggle from btc to bch to eth to ltc/doge.
no one audits it. this makes them pretty much unbeatable if you try to run a cloud mine against them.
i have 10 s17 pros doing 560th. the best way for me to profit is mine and cash out.
for me to do better i would need to do what bitmain is doing juggle the contracts around.
so rather then rent my 10 s17 out for a cloud i simply mine them.
thats the best way to explain it.
note i said bitmain juggles its contracts from gear to gear. i can not prove it.
but i can prove they if they chose to juggle the contracts like i say they do they have the ability to do it.
so they can do it if they want to and save lots of power and money if they do it.
only someone with extra cheap gear can do it.
and it only pays for a major builder to do it.
1000% truth...
i have bought directly from Bitmain miners that they did not even bother to clean from the Chinese dust.
so when they came to use in new original boxing they had very high temps.
To our surprise we understood that these miners were used for at least six to ten months and not just quality tested.
also in another direct again purchase from bitmain the delayed my delivery for nearly 20 days in high profits.
that to be said you all now now when you buy a new miner, Bitmain already mines with the next generation
and as we all know if you want to predict the future just create it.
also the fact that nobody audits them its a problem.
a lot of money pass and nobody knows if they are shared equally on the pools.
but thats the situation and we know it.