Topic: Bitmain - Prices are Ridiculous - page 2. (Read 7056 times)

I agree, that it is overpriced.
I wanted to buy 50 maybe 100 units S3+ and I received offer  278USD/1 unit incl. transport, which is higher than price 2 month ago (!). But difficulty is now aprox. 33% higher.
So for such price it is absolutely non sense and unprofitable.

They are mining with equipment and won't sell to people that are going to make them loose mining revenue if they are not selling very expensively

Are they shipping from stock?

It's not just their prices anymore, their support has gone down the drain too, as well as their lack of quality control. Their S4 release was a joke, completely untested hardware & firmware resulting in either units going up in smoke or users only able to mine at a few select pools efficiently - so much for the "decentralization" they like to promote. Talking of which, they promised their customers that they would be investing heavily in p2pool months ago, but have gone completely silent since then - and the only miner that works with it out of the box is the S3.
S2 users were promised a firmware update over 9 weeks ago to patch many security flaws, but again, nothing - leaving users vulnerable to having their hash rate redirected, as has been reported. The latest S3 firmware update actually breaks the units & has to be fixed immediately after flashing in order to be able to use it again, plus it's slower & performs worse than the earlier firmware, but Bitmain just leave it on their site anyway. S4 users have been promised a firmware update to fix all the issues also, but again, nothing. I can see the S4 users being tossed into the garbage can in the same way the S2 users were after parting with their cash for their latest & greatest units, waiting for promised updates to fix the various issues for weeks but getting ignored while Bitmain are busy promoting their latest model that probably won't work as advertised again due to zero R&D & no testing of firmware.......
Bitmain have thrown their reputation down the drain, and their threads are now littered with dogie poop. I'll not be buying anything else from them again until they clean up their act, and their threads.....

Off to spondoolies I go.

If you care about profitability, S3 is not the best choice, because all the good will bitmain built up is flushing down the brains. Bitmains rep was an asset that they just chucked out the window. Bitmain is now the best option of very bad options, i doubt you will get an affordable ROI.

they will take down prices soon imo

Soon, shipping is going to cost more then their product. We need to stay next to them to be able to ROI..

The price tanked months before they started charging for shipping. It coincided with their rollout of cloud based services just some weeks ago.

Actually, its because of bitcoin price dropped a lot and they can no longer cover their price with it..

at least 65% of the network is centralized in the hands of 5 or 6 asic builders

No, it was free. Now it's 100 dollars USD. The price of the actual unit has not dropped significantly. The reason they are charging for shipping is to try to force you onto their cloud. When you checkout now you can choose shipped or umisoo, defaulting to umisoo. Don't buy their cloud. Don't centralize this mechanism.

there is no such thing as free, dumbasses. Its calculated in.

Not a surprise since idiots are still looking into buying.

Agree, the free shipping was really good until they change it to pay shipping. Now everything seems to be over priced...

Sure but GAW is jacking prices up. Just compare the price per GH of Genesis hashlets vs S3's.

I too enjoyed the free shipping, but they still have the best price per GH.

Instead of looking at price, see the service it will provide you.
You can get much benefit out of it.

The price that gaw pay is lower cause they are buying bulk..... So you can't compare if you are only buying 1-2 miner..

Looks like the prices aren't that bad and some people are buing in bulk.
GAW just announced that they bought over 5 Petahash from them.

Seriously, I hate those people. They are making electricity company rich..

That's what people were saying when the first ASICS came out.
This can be quoted along with:
Bitcoin is dead.
Mining is dead.
We will never break $100
We will never break $1000
And many other.