Bitmain has stopped (almost) selling bitcoin miners-why?

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: philipma1957 on December 07, 2016, 11:34:03 PM

Quote from: Biodom on December 07, 2016, 10:44:00 PM

Quote from: veleten on December 07, 2016, 11:13:58 AM

too many conspiracy theories
bitmain has most likely,simply ran out of chips on this current batch
as far as I know bitmain has never tried to regulate the difficulty or the miners market saturation and would
ship as many s9 as they can,given their outrageous overpricing
I bet it is way more than 2x mentioned in this topic too

actually, part of possibility #2 is proven, they did not run out of chips:
https://bitcointalksearch.org/topic/m.17115477

...they were stocking the hashnest with 12.5Th S9

Yeah they also lowered,power cost,on the s7s.

And the s7 price went up from .00003 to 0.0004. That is a 33% jump in value
Solid score for those that knew this in advance.

Basically insider trading. Would be subject to a criminal offense since it should of had at least a 30 day warning. I am sure a few guys scored a lot of coin.

yeah, maybe. i am not familiar with 0.0003 vs 0.0004 as I don't trade there.
is this daily or hourly earnings per Th? Makes sense, though, in lieu of rising btc price, which is reflected in 20-30% higher S7 price on ebay vs 2-3 mo ago.

lottery248

legendary

Activity: 1582

Merit: 1006

beware of your keys.

Quote from: QuintLeo on December 01, 2016, 09:03:58 AM

They ran out of chips on their last batch from the foundry is THE most likely cause.

AGAIN.

I'm pretty sure they've long since sold out and swapped out all of their S7 units for S9s or an in-house varient.

at least 60% is true, because the 16nm fabrication technologies is from TSMC only, if the TSMC's order is going excessive, we will need to wait or pay a higher amount, for your information, each chip needs to be processed for 1~2 months.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: Biodom on December 07, 2016, 10:44:00 PM

Quote from: veleten on December 07, 2016, 11:13:58 AM

too many conspiracy theories
bitmain has most likely,simply ran out of chips on this current batch
as far as I know bitmain has never tried to regulate the difficulty or the miners market saturation and would
ship as many s9 as they can,given their outrageous overpricing
I bet it is way more than 2x mentioned in this topic too

actually, part of possibility #2 is proven, they did not run out of chips:
https://bitcointalksearch.org/topic/m.17115477

...they were stocking the hashnest with 12.5Th S9

Yeah they also lowered,power cost,on the s7s.

And the s7 price went up from .00003 to 0.0004. That is a 33% jump in value
Solid score for those that knew this in advance.

Basically insider trading. Would be subject to a criminal offense since it should of had at least a 30 day warning. I am sure a few guys scored a lot of coin.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: veleten on December 07, 2016, 11:13:58 AM

too many conspiracy theories
bitmain has most likely,simply ran out of chips on this current batch
as far as I know bitmain has never tried to regulate the difficulty or the miners market saturation and would
ship as many s9 as they can,given their outrageous overpricing
I bet it is way more than 2x mentioned in this topic too

actually, part of possibility #2 is proven, they did not run out of chips:
https://bitcointalksearch.org/topic/m.17115477

...they were stocking the hashnest with 12.5Th S9

veleten

legendary

Activity: 2016

Merit: 1107

too many conspiracy theories
bitmain has most likely,simply ran out of chips on this current batch
as far as I know bitmain has never tried to regulate the difficulty or the miners market saturation and would
ship as many s9 as they can,given their outrageous overpricing
I bet it is way more than 2x mentioned in this topic too

Exoskeleton

sr. member

Activity: 338

Merit: 251

Quote from: philipma1957 on December 06, 2016, 12:12:37 AM

Quote from: VirosaGITS on December 01, 2016, 07:54:31 PM

Beside, i'm pretty sure they still take order and are still fulfilling orders for bigger and private buyers. They're apparently much more considerate when dealing with people buying their miners by the palette, as well Tongue

I am sure if I offered to,buy 1000 s9s bitmain would sell me 1000 of them.

Im sure you are right actually. There seem to be some big players doing big things behind the scenes like this all the time.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Bitmain is mining with antminer s7 on hashnest only, I strongly believe that for theirself they are using antminers s9. There are some factors, first is that they want to fully use s7 and when it will be usable, than renew it with antminers s9 but on market selling of s7 is ended. They announced new batches on R4 and maybe soon they'll announce s9's new batch.
So what's about software updates, it's important and isn't depending on market sales, maybe we'll have something in very near future.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: VirosaGITS on December 01, 2016, 07:54:31 PM

Beside, i'm pretty sure they still take order and are still fulfilling orders for bigger and private buyers. They're apparently much more considerate when dealing with people buying their miners by the palette, as well Tongue

I am sure if I offered to,buy 1000 s9s bitmain would sell me 1000 of them.

Brob12321

hero member

Activity: 630

Merit: 500

I think options 1 & 3 are probably the least probable. Bitmain is probably already mining something better than the s9 in their facilities otherwise their operation would be hurt by their own success in the market of selling the miners.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: takagari on December 04, 2016, 06:01:10 PM

They release them in batches
Likely they make (example numbers) 5000, they probably host half, and sell half to recover their costs.
My money is on them selling them for 2x what the cost to make is. lol

As another batch comes up. they sell again
Supply and demand, demand out weighs supply. So they are out of stock.
When a batch launches it sells out in an hour.
I just got one 2 weeks ago.

They still sell them.

that's what i call "almost not selling".
in my book selling for 1-2 hr out of 336hr is not really selling an item.
i am not going to waste my time "waiting for Godot".
This and wrong (imaginary) btc/$ ratio...

takagari

legendary

Activity: 1050

Merit: 1000

They release them in batches
Likely they make (example numbers) 5000, they probably host half, and sell half to recover their costs.
My money is on them selling them for 2x what the cost to make is. lol

As another batch comes up. they sell again
Supply and demand, demand out weighs supply. So they are out of stock.
When a batch launches it sells out in an hour.
I just got one 2 weeks ago.

They still sell them.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

may be bitmain stopped selling the miners outside china as there are more sales happening inside china Cheesy

i think the Chinese are the only people who are investing heavily into mining and i am not sure whether they will be profiting in the future with the amount of initial funding they put into mining either way being the only hardware mining company without any competitions they can do anything they want

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Beside, i'm pretty sure they still take order and are still fulfilling orders for bigger and private buyers. They're apparently much more considerate when dealing with people buying their miners by the palette, as well Tongue

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Quote from: Biodom on November 30, 2016, 03:59:22 PM

Care to speculate why Bitmain stopped selling S9 miners for a while (and even before was selling infrequently)?

1. They still mine with S7 and want difficulty to rise slowly.
2. They are filling their new gigantic center and don't want to share. Basically, this would made Bitmain a new KNC.
3. Their large clients are still on S7 and indicated that they don't want to update en masse yet.
4. Software or production quality it not up to the task yet. Anecdotally, S9 breaks more often than S7 were.

In my opinion, it is a combination of 2 and 4.

THIS. Bitmain have been making good money with their S9s and I wouldn't be surprised to see price rising once they come out with new chips and thus a new batch yet again. If they learn from their previous batches, maybe they'll do some improving on the miners themselves, maybe not. Most likely the S7s will be out of their centers and replaced with S9s- the most recent technology for a new center Wink

QuintLeo

legendary

Activity: 1498

Merit: 1030

They ran out of chips on their last batch from the foundry is THE most likely cause.

AGAIN.

I'm pretty sure they've long since sold out and swapped out all of their S7 units for S9s or an in-house varient.

Biodom

legendary

Activity: 3892

Merit: 4331

Care to speculate why Bitmain stopped selling S9 miners for a while (and even before was selling infrequently)?

1. They still mine with S7 and want difficulty to rise slowly.
2. They are filling their new gigantic center and don't want to share. Basically, this would made Bitmain a new KNC.
3. Their large clients are still on S7 and indicated that they don't want to update en masse yet.
4. Software or production quality it not up to the task yet. Anecdotally, S9 breaks more often than S7 were.

In my opinion, it is a combination of 2 and 4.

Topic: Bitmain has stopped (almost) selling bitcoin miners-why? (Read 1302 times)