I was kind of surprised they kept the price at $1400 all during the 20k move. Don't get me wrong, I think they're greedy as shit - but they are only watching the scumbag flippers and deciding they'd like a little more of that profit for themselves. Only natural as the ebay prices went up above 7k.
That's bitcoin for you
Topic: Bitmain Doubles Price for S9 (Read 1554 times)
Latest batch of L3+ dropped back to pre-gouging price. Perhaps next batch of S9 will do the same.
The price of BTC and other crypto currencies have changed in the mean time.
We will likely see the pricing in the USD changing for every Bitmain batch moving forward, while the S9 unit price will stay at 0.99 BCH.
That's an interesting perspective because it says right on bitmains site that it's pegged to USD value. When the last batch first came out it was about 1.5 bch then went as low as .7 bch. Why is it that you think it will always be .99 bch??
Latest batch of L3+ dropped back to pre-gouging price. Perhaps next batch of S9 will do the same.
The price of BTC and other crypto currencies have changed in the mean time.
We will likely see the pricing in the USD changing for every Bitmain batch moving forward, while the S9 unit price will stay at 0.99 BCH.
Latest batch of L3+ dropped back to pre-gouging price. Perhaps next batch of S9 will do the same.
Who knows, L3+ profitability has been going down a lot lately. It's very hard to know what bitmain will do. Heck, it's hard to understand everything it does, some people had Dec batches that were pushed to Jan, others had Jan units delivered in Dec...
Latest batch of L3+ dropped back to pre-gouging price. Perhaps next batch of S9 will do the same.
So, I moved enough to buy an S9 into BCH at around 4pm GMT, hesitated slightly, went out, came back 4 hours later, BCH gets added to coinbase, wait another little while wondering what the hell is happening. BCH moons. I put the S9 order through.
30 minutes later, they're sold out, and BCH is crashing. My order price was locked in.
Worked out that I got my $2800 S9 for about $1700.
Lessons learned:
1. Bitmain KNOW releasing an S9 batch will pump BCH, as people scramble to move coins into BCH to complete their order.
2. Bitmain probably have a big bunch of S9s left. This was almost certainly NOT them running out of stock! Coinbase added BCH, there was a massive sell off of BCH, and only after that did they announce they were out of stock. All within about 3-4 hours of each other. The order makes me think BCH dump was Bitmain cashing out all the BCH they'd just received from the S9 batch.
My theory is this was a well co-ordinated and quite clever pump and dump by Bitmain/Roger Ver/Coinbase.
I will be waiting to see what happens between now and March 2018.
Probably re-selling my $1700 S9 for insane profit on ebay the day it arrives. They currently sell for around £4000 GBP ($5400), which is part of why I think $2800 isn't that unreasonable for Bitmain to price at. The real money they make is from BCH market manipulation.
30 minutes later, they're sold out, and BCH is crashing. My order price was locked in.
Worked out that I got my $2800 S9 for about $1700.
Lessons learned:
1. Bitmain KNOW releasing an S9 batch will pump BCH, as people scramble to move coins into BCH to complete their order.
2. Bitmain probably have a big bunch of S9s left. This was almost certainly NOT them running out of stock! Coinbase added BCH, there was a massive sell off of BCH, and only after that did they announce they were out of stock. All within about 3-4 hours of each other. The order makes me think BCH dump was Bitmain cashing out all the BCH they'd just received from the S9 batch.
My theory is this was a well co-ordinated and quite clever pump and dump by Bitmain/Roger Ver/Coinbase.
I will be waiting to see what happens between now and March 2018.
Probably re-selling my $1700 S9 for insane profit on ebay the day it arrives. They currently sell for around £4000 GBP ($5400), which is part of why I think $2800 isn't that unreasonable for Bitmain to price at. The real money they make is from BCH market manipulation.
This! Shady shenanigans indeed from all involved, puts me right off BCH.
Actually I think I’m gonna only call it BCash after seeing that video of Roger Ver freaking out over it.
Congrats on your fortuitous timing though.
Supply and demand - totally screws us as customers but there will be plenty of idiots who don't care about ROI and will still invest in a few units. Not to worry hopefully more competition in the market in the future should alleviate this but unfortunately Bitmain have had a hold so long on the market and lack of competition in that price range and for power consumption has really helped them dominate. Looking forward to what 2018 brings with new companies in the market. Mining is general specifically Bitcoin is still difficult, costly and time consuming for your average Joe so lets wait and see.
Do you really believe a few people swapping to BCH to buy a miner affects the exchange rate? Come on, it was a new shiny alt coin, on the #1 noob exchange, cheaper than BTC, and pumped by Roger and company.
I'm not dumb, I know Bitmain is a big backer of BCH, but that theory is far from reality...
I'm not dumb, I know Bitmain is a big backer of BCH, but that theory is far from reality...
It’s a smart hedge for bitcoin.
And smart investors like to hedge
Do you really believe a few people swapping to BCH to buy a miner affects the exchange rate? Come on, it was a new shiny alt coin, on the #1 noob exchange, cheaper than BTC, and pumped by Roger and company.
I'm not dumb, I know Bitmain is a big backer of BCH, but that theory is far from reality...
I'm not dumb, I know Bitmain is a big backer of BCH, but that theory is far from reality...
So what? you must not have been mining for a while. It's a double sided commodity, both have cycles of appreciation and depreciation. If you don't understand this, mining isn't for you, buying and hodlin' is.
I commend Bitmain for seeing a 3rd party resale market on used items at 3x their MSRP , and only 2x the price.
I commend Bitmain for seeing a 3rd party resale market on used items at 3x their MSRP , and only 2x the price.
So, I moved enough to buy an S9 into BCH at around 4pm GMT, hesitated slightly, went out, came back 4 hours later, BCH gets added to coinbase, wait another little while wondering what the hell is happening. BCH moons. I put the S9 order through.
30 minutes later, they're sold out, and BCH is crashing. My order price was locked in.
Worked out that I got my $2800 S9 for about $1700.
Lessons learned:
1. Bitmain KNOW releasing an S9 batch will pump BCH, as people scramble to move coins into BCH to complete their order.
2. Bitmain probably have a big bunch of S9s left. This was almost certainly NOT them running out of stock! Coinbase added BCH, there was a massive sell off of BCH, and only after that did they announce they were out of stock. All within about 3-4 hours of each other. The order makes me think BCH dump was Bitmain cashing out all the BCH they'd just received from the S9 batch.
My theory is this was a well co-ordinated and quite clever pump and dump by Bitmain/Roger Ver/Coinbase.
I will be waiting to see what happens between now and March 2018.
Probably re-selling my $1700 S9 for insane profit on ebay the day it arrives. They currently sell for around £4000 GBP ($5400), which is part of why I think $2800 isn't that unreasonable for Bitmain to price at. The real money they make is from BCH market manipulation.
30 minutes later, they're sold out, and BCH is crashing. My order price was locked in.
Worked out that I got my $2800 S9 for about $1700.
Lessons learned:
1. Bitmain KNOW releasing an S9 batch will pump BCH, as people scramble to move coins into BCH to complete their order.
2. Bitmain probably have a big bunch of S9s left. This was almost certainly NOT them running out of stock! Coinbase added BCH, there was a massive sell off of BCH, and only after that did they announce they were out of stock. All within about 3-4 hours of each other. The order makes me think BCH dump was Bitmain cashing out all the BCH they'd just received from the S9 batch.
My theory is this was a well co-ordinated and quite clever pump and dump by Bitmain/Roger Ver/Coinbase.
I will be waiting to see what happens between now and March 2018.
Probably re-selling my $1700 S9 for insane profit on ebay the day it arrives. They currently sell for around £4000 GBP ($5400), which is part of why I think $2800 isn't that unreasonable for Bitmain to price at. The real money they make is from BCH market manipulation.
This! Shady shenanigans indeed from all involved, puts me right off BCH.
Actually I think I’m gonna only call it BCash after seeing that video of Roger Ver freaking out over it.
Congrats on your fortuitous timing though.
So, I moved enough to buy an S9 into BCH at around 4pm GMT, hesitated slightly, went out, came back 4 hours later, BCH gets added to coinbase, wait another little while wondering what the hell is happening. BCH moons. I put the S9 order through.
30 minutes later, they're sold out, and BCH is crashing. My order price was locked in.
Worked out that I got my $2800 S9 for about $1700.
Lessons learned:
1. Bitmain KNOW releasing an S9 batch will pump BCH, as people scramble to move coins into BCH to complete their order.
2. Bitmain probably have a big bunch of S9s left. This was almost certainly NOT them running out of stock! Coinbase added BCH, there was a massive sell off of BCH, and only after that did they announce they were out of stock. All within about 3-4 hours of each other. The order makes me think BCH dump was Bitmain cashing out all the BCH they'd just received from the S9 batch.
My theory is this was a well co-ordinated and quite clever pump and dump by Bitmain/Roger Ver/Coinbase.
I will be waiting to see what happens between now and March 2018.
Probably re-selling my $1700 S9 for insane profit on ebay the day it arrives. They currently sell for around £4000 GBP ($5400), which is part of why I think $2800 isn't that unreasonable for Bitmain to price at. The real money they make is from BCH market manipulation.
30 minutes later, they're sold out, and BCH is crashing. My order price was locked in.
Worked out that I got my $2800 S9 for about $1700.
Lessons learned:
1. Bitmain KNOW releasing an S9 batch will pump BCH, as people scramble to move coins into BCH to complete their order.
2. Bitmain probably have a big bunch of S9s left. This was almost certainly NOT them running out of stock! Coinbase added BCH, there was a massive sell off of BCH, and only after that did they announce they were out of stock. All within about 3-4 hours of each other. The order makes me think BCH dump was Bitmain cashing out all the BCH they'd just received from the S9 batch.
My theory is this was a well co-ordinated and quite clever pump and dump by Bitmain/Roger Ver/Coinbase.
I will be waiting to see what happens between now and March 2018.
Probably re-selling my $1700 S9 for insane profit on ebay the day it arrives. They currently sell for around £4000 GBP ($5400), which is part of why I think $2800 isn't that unreasonable for Bitmain to price at. The real money they make is from BCH market manipulation.
It's all about demand and supply, ally to a scenario with no decent competitor at this market. So, the owner can raise his price as he wants to do so.
glad i bough my dec bach at 1400 and i thought that was too high at the time smh , my only regeret is buying 4 D3 at the same time , could have had 10 s9
no way i was gona pay 3k for something i paid less than half that for a few months ago
No way to know the future. If this price is the new norm for the miners, there is no way around it, we'll have to pay or stay out of the game...
They sell for 3800+ on eBay now
It's all about demand and supply, ally to a scenario with no decent competitor at this market. So, the owner can raise his price as he wants to do so.
glad i bough my dec bach at 1400 and i thought that was too high at the time smh , my only regeret is buying 4 D3 at the same time , could have had 10 s9
no way i was gona pay 3k for something i paid less than half that for a few months ago
It's all about demand and supply, ally to a scenario with no decent competitor at this market. So, the owner can raise his price as he wants to do so.
Of course they go on current ROI estimate, they can't predict future BTC prices any more than the rest of us can.
I have issues with Bitmain - but this pricing thing isn't exactly NEW news out of them, and IS in line with their LONG-standing policy about pricing their miners.
The "sudden shock" is only for morons that don't pay ATTENTION to how they do business.
But yeah, them getting to sell into a bubble was certainly a win for them - *IF* they converted their coin to hard cash fast enough (which they probably did).
I have issues with Bitmain - but this pricing thing isn't exactly NEW news out of them, and IS in line with their LONG-standing policy about pricing their miners.
The "sudden shock" is only for morons that don't pay ATTENTION to how they do business.
But yeah, them getting to sell into a bubble was certainly a win for them - *IF* they converted their coin to hard cash fast enough (which they probably did).
it almost seems like Bitmain is antagonizing one of their competitors to try and get into a price war with them. Bitmain charges double for s9, Ebit is asking some ridiculous number.... I wonder if Canaan will now price under the s9 for their A8. I saw Phil say a day or two ago, that Canaan shouldnt try and price their A8 under bitmain and someone else thought that the A8 would sell for about 2500, now that price would even be cheaper than a S9. Bitmain is playing games because they know they run the market, trying to get someone to try and beat their price and then squeeze them out of the market.
This is not how you squeeze people out of the market.
It's exactly the opposite.
If you want to gain market share you lower the prices until your competition can't sell a thing a go bankrupt.
What they do now is abusing that position, being the main supplier and are actually inviting others to steal their clients.
It one of those three:
- they are pretty confident even with the price increase nobody is able to compete with them
- they have only a limited supply to sell and they think it will sell even at this price.
- most likely they have decided they would rather use the equipment for themselves as mining is pretty profitable these days
it almost seems like Bitmain is antagonizing one of their competitors to try and get into a price war with them. Bitmain charges double for s9, Ebit is asking some ridiculous number.... I wonder if Canaan will now price under the s9 for their A8. I saw Phil say a day or two ago, that Canaan shouldnt try and price their A8 under bitmain and someone else thought that the A8 would sell for about 2500, now that price would even be cheaper than a S9. Bitmain is playing games because they know they run the market, trying to get someone to try and beat their price and then squeeze them out of the market.
This is not how you squeeze people out of the market.
It's exactly the opposite.
If you want to gain market share you lower the prices until your competition can't sell a thing a go bankrupt.
What they do now is abusing that position, being the main supplier and are actually inviting others to steal their clients.
It is one of those three:
- they are pretty confident even with the price increase nobody is able to compete with them
- they have only a limited supply to sell and they think it will sell even at this price.
- most likely they have decided they would rather use the equipment for themselves as mining is pretty profitable these days
funny how they go on current roi , two days later market take a 40% shit , only real winner is bitmain .
Jump to: