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Topic: Can companies that produce mining equipment use devices? - page 2. (Read 2748 times)

member
Activity: 136
Merit: 16
A company can develop and use any technology they want.  Likewise, they can sell any machine they want and call it the latest and greatest available - but it just may be.  Look at the rise in BTC difficulty.  Someone brought a new generation ASIC online.  Maybe S11 or something else.  We don't know.  Likely warehouses of S9s were mining long before they publicly announced the hardware.  The physical units that were sold were late production models, sloppy seconds.

On the other hand, we, the market, can choose to buy or not.  Feels wrong to drop thousand$ on hardware that you HOPE will break even.  Only real chance one has is to use payouts as trading or investment capital.
legendary
Activity: 3248
Merit: 1402
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Yes that is how they "test" them.

What I would like to say is that they can use the devices for a certain period of time, extract the bitcoin and then sell it later.
I don't say: product quality testing.

Yes that is what they do when they """""""""""""""test""""""""""""""" them to make sure they work before shipping to customers. There may be some unseen delays in getting products to purchasers because of these """""""""""""""tests""""""""""""""" last longer than expected.

I'm not talking about from it.

For example, the BitMain company is now selling the S9.
But the bitmain company has the S10 on hand.
The S10 has been tested for quality control and is ready to be sold to customers.
But Bitmain wants to sell the S9 on the market first.
The customer does not know his S10.
Bitmain is doing bitcoin mining with the S10 device.
On the one hand, the S11 device is being developed.
After completing the development of the device S11, it is selling the device S10.

That's what I want to tell you. I do not know how else I can tell you more clearly.
I think they can do that, because nothing really stops them but I don't think they actually do, because it's more profitable and a lot easier to start selling the new ones (and continue selling old ones for lower price) than starting to do mining. Mining will require very big amounts of energy consumed and you have to take the risk that after a month or so some miners will break. And you need these additional devices to provide good ventilation as well.
hero member
Activity: 2352
Merit: 905
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Yes of course, for example we can take bitfury. They are producing 16nm asic chip and they are using it for them and bitfury ceo said that at the same time they are going to sell it. Also coin revolution said really truth, to my mind new antminers are already created but they are waiting until full sell of s9, it's simply marketing trick and everyone uses it because it's impossible to create anything great in one day.
legendary
Activity: 3248
Merit: 1070
Yes that is how they "test" them.

What I would like to say is that they can use the devices for a certain period of time, extract the bitcoin and then sell it later.
I don't say: product quality testing.

i actually think that they sell the devices at a certain diff so the roi time is exactly what they want, based on an accurate estimate, it's not even that hard to do when you know the average increase, which is somehow always the same

and because of this it does not make sense to buy their equipment to roi, you will never roi unless you sell back to someone else
full member
Activity: 224
Merit: 100
Yes that is how they "test" them.

What I would like to say is that they can use the devices for a certain period of time, extract the bitcoin and then sell it later.
I don't say: product quality testing.

Yes that is what they do when they """""""""""""""test""""""""""""""" them to make sure they work before shipping to customers. There may be some unseen delays in getting products to purchasers because of these """""""""""""""tests""""""""""""""" last longer than expected.

I'm not talking about from it.

For example, the BitMain company is now selling the S9.
But the bitmain company has the S10 on hand.
The S10 has been tested for quality control and is ready to be sold to customers.
But Bitmain wants to sell the S9 on the market first.
The customer does not know his S10.
Bitmain is doing bitcoin mining with the S10 device.
On the one hand, the S11 device is being developed.
After completing the development of the device S11, it is selling the device S10.

That's what I want to tell you. I do not know how else I can tell you more clearly.

They would already need the capital to produce the next gen units. I doubt that they have that much to invest production of units with no orders. You could be right though. It would be interesting to see global hashrate before they release a new miner.
member
Activity: 112
Merit: 10
Yes that is how they "test" them.

What I would like to say is that they can use the devices for a certain period of time, extract the bitcoin and then sell it later.
I don't say: product quality testing.

Yes that is what they do when they """""""""""""""test""""""""""""""" them to make sure they work before shipping to customers. There may be some unseen delays in getting products to purchasers because of these """""""""""""""tests""""""""""""""" last longer than expected.

I'm not talking about from it.

For example, the BitMain company is now selling the S9.
But the bitmain company has the S10 on hand.
The S10 has been tested for quality control and is ready to be sold to customers.
But Bitmain wants to sell the S9 on the market first.
The customer does not know his S10.
Bitmain is doing bitcoin mining with the S10 device.
On the one hand, the S11 device is being developed.
After completing the development of the device S11, it is selling the device S10.

That's what I want to tell you. I do not know how else I can tell you more clearly.
full member
Activity: 224
Merit: 100
Yes that is how they "test" them.

What I would like to say is that they can use the devices for a certain period of time, extract the bitcoin and then sell it later.
I don't say: product quality testing.

Yes that is what they do when they """""""""""""""test""""""""""""""" them to make sure they work before shipping to customers. There may be some unseen delays in getting products to purchasers because of these """""""""""""""tests""""""""""""""" last longer than expected.
member
Activity: 112
Merit: 10
Yes that is how they "test" them.

What I would like to say is that they can use the devices for a certain period of time, extract the bitcoin and then sell it later.
I don't say: product quality testing.
full member
Activity: 224
Merit: 100
Yes that is how they "test" them.
member
Activity: 112
Merit: 10
Can the companies that produce mining machines use the devices for a certain period and then drive them to the market?
They may first use the level of difficulty they have developed themselves and then sell it later.
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