Bitmain disgusted | Bitcointalksearch.org

NotFuzzyWarm

legendary

Activity: 3612

Merit: 2506

Evil beware: We have waffles!

Quote from: sidehack on November 20, 2017, 03:21:29 PM

Okay dang, I need to up my prices quite a bit then.

Truth be told - if at all possible yes you do!

What limits you of course is your scale of production. Even with the automation you have the amount of hands-touching things vs units produced is still very high simply because the market is not (easily) there to take the next step. If with several x more sales then you run afoul of pricing from Avalon and Buttmain unless you can nail the proverbial niche Home Miner market assuming BitFury comes through with chips.

As you know there IS a sizeable niche Home market but by BiteMe and Canaan standards really too small to properly target. Folks WILL pay a premium for a truly quiet and moderately power hungry miner. It just needs to be designed for that from day-1 - just as you are working on. By necessity they of course will have to be Limited Editions Wink

VentMine

full member

Activity: 236

Merit: 105

Quote from: sidehack on November 20, 2017, 03:21:29 PM

Okay dang, I need to up my prices quite a bit then.

+1

You and your team do good work

sidehack

legendary

Activity: 3318

Merit: 1848

Curmudgeonly hardware guy

Okay dang, I need to up my prices quite a bit then.

NotFuzzyWarm

legendary

Activity: 3612

Merit: 2506

Evil beware: We have waffles!

Quote from: Isaac_ on November 20, 2017, 02:08:17 PM

If you guys want to defend selling any item for whatever price a person would pay, since it's their own responsibility, I understand. In a way you are right.

But personally, I would only sell items with acceptable profit margins. My website for examples, operates at tops 50% profit, and that's before income taxes. This is where the free market really does justice, right now you've got about a handful companies producing miners, if there were 100 companies doing it, they'd have to compete with each other, but they know barely anyone is producing this hardware, so they're holding you by the balls as much as they can. Milking you for how much is possible.

Never worked in the hardware end of mfg have you?
Typical NET profit is well over 100% depending on the industry and yes, the quality of competition. In my industry (industrial lasers) mfgr markups from material/labor costs are typically over 150% and integrators still can easily charge another 75-100% markup on their costs of equipment bought from the manufacturers to be made into systems for our customers.

How do we 'get away' with it? Easy. Our systems generate massive profits for our customers. Same as mining can.

Isaac_

newbie

Activity: 30

Merit: 0

If you guys want to defend selling any item for whatever price a person would pay, since it's their own responsibility, I understand. In a way you are right.

But personally, I would only sell items with acceptable profit margins. My website for examples, operates at tops 50% profit, and that's before income taxes. This is where the free market really does justice, right now you've got about a handful companies producing miners, if there were 100 companies doing it, they'd have to compete with each other, but they know barely anyone is producing this hardware, so they're holding you by the balls as much as they can. Milking you for how much is possible.

fanatic26

hero member

Activity: 756

Merit: 560

Basically people like to blame bitmain for their own bad decisions because they are too cowardly to take responsibility for their mistakes.

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: sidehack on November 20, 2017, 10:32:09 AM

Okay, I'm confused. Why is Bitmain disgusted? I'd think they would be quite satisfied while sitting atop a giant pile of everyone else's money.

Yep they must be pretty happy.

sidehack

legendary

Activity: 3318

Merit: 1848

Curmudgeonly hardware guy

Okay, I'm confused. Why is Bitmain disgusted? I'd think they would be quite satisfied while sitting atop a giant pile of everyone else's money.

QuentinA

hero member

Activity: 628

Merit: 504

lol, what's your goal ?
You really sought bitmain was gonna sell a machine that does 1 week ROI when ALL their previous machines were calculated for 4-5 monts ROI à 0.1usd/kwh ?

cryptotore

sr. member

Activity: 324

Merit: 250

This is just pathetic, lol!

How about taking responsibility of your own actions?

zerocom

legendary

Activity: 1134

Merit: 1003

After the recent events with Bitmain with miners D3, we want to give voice to Bitmain. Attend many people at the "Bitmain Disgusted"

https://www.facebook.com/groups/bitmaindisgusted/

Topic: Bitmain disgusted (Read 448 times)