He is right ! They always raise the price when the value of bitcoin goes up but when it drops they never lower it !!!!!!!!!!!
You got a point there, but you missed the elephant in the room if you intended to buy with bitcoin. They have held the rate of USD to BTC at an older (lower 1 BTC = USD 262.
rate despite the additional $18 increase; google currently states a price of 1BTC = 273 BTC . Truth be told, either way its a ripoff, but they are the ONLY game in town, so we'll have to grin and bear it.
The know this that's why they are doing it. come on spoondoolies come out with new chips I am so sick of BITMAIN aka SHITMAIN.
F**K THEM even if they are the only game in town I still wont buy from them. There going broke there just milking the cow but there not going to milk me !
I'm not taking up for bitmain but what makes you all think spoondoolies or any other vendor or supplier won't do the same thing that's how it is, they will .
IN fact they wil be higher in price. again I'm not taking up for bitmian they just will be .
Not that spondoolies is any better, but the fact is spondoolies before running out of hardware they where the ones pushing the prices down, as soon as spondoolies sold out, bitmain raised their prices significantly. If Spondoolies does come back, lets not forget who is the one raising the prices, and who is pushing them down.
Spondoolies had to join the price war with Bitmain because otherwise they had sold simply nothing anymore. And if I remember right, new SP20s were never sold for much less than $0.50/GH.
I bet that Spondoolies sold their too complex non-string design already @ $0.50/GH without a margin, just to minimize losses.
The only reason they run out of hardware is that they stopped producing it, because it was not profitable anymore. So finally Bitmain killed Spondoolies with $0.31/GH.
I guess this is also the main reason for the their merger with Bitcoin Shop. Spondoolies had no money left for the development of their next gen ASIC and a more cost efficient miner.
You should remember to factor in the cost of death with Bitmain gear when comparing to spondoolies and you will see the pricing comparison does not favor Bitmain so much anymore.
I lost 9 (yes, 9) S5's out of my farm over a 3 month span. Hell, one fried itself the moment I powered it up. And I'm in a controlled datacenter environment, not outside in a garage or on unstable power.
I have 10 SP-3x's. I've needed to power cycle them once over the past 5 months. No dead components, no downtime, no mining time lost to repairs or rma's.
Bitmain produces crap hardware, their quality control is worth shit. All you have to do is look at a brand new S4+ I got that has its little (qc passed) sticker on it, but won't power on. It's been 3 weeks now with no running miner while I wait for parts back and forth. What the hell good is $0.31/w gear when it sits idle?
I would (over) pay for SPTech gear every day of the week over Bitmain crap, because my time is also worth money. But, I can't because Bitmain is it for now. I buy out of necessity, not want, and certainly not because it's "cheaper", which it's far from in the long run.
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