No, I don't think so. They can sell them faster then they can mine. A miner takes about 6-9 months sometimes more to break even and they can sell a lot more miners in those 6-9months then they would be able to mine.
They also don't need to worry about mining difficulty. They are constantly making a profit with each miner sale. As for mining before they sell them? Well, I suppose some suppliers may do so but I doubt its something that is common. After all, there are scam sites that do not own miners and just pretend to and steal that way. They would probably mine for a short time to test the miner out and I am unsure how they do that. If they stress test it on a test server or if they use an actual mining pool.
Topic: Do you think miner manufacturers are making more money developing a ASICminer? (Read 146 times)
November 26, 2019, 02:07:35 PM
November 25, 2019, 01:32:19 PM
How are coming up with such an idea? Do you have any proof of your claim?
Actually I don't have proof but If I'm the owner of the manufacturer and hire people to develop a miner for that coin I make sure to mine first since ASIC miner is faster than GPU I make more thousands of money mining altcoin then release them before the difficulty and rewards drop. So that I can make more money. I don't believe that they don't do that I'm sure they do that since they are accepting crpto as payment I'm sure they are using what they mine to support their expenses and make more profit.
Look at the FPGA developers out there they are developing bitstream to mine other altcoins while the difficulty is low before they sell bitstream to other FPGA miners.
November 25, 2019, 04:08:47 AM
Do you think after they develop a new miner they mine on altcoin first for months before they release it and then after they sold those miners they gradually sold their coins gradually?
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This is just what I think and I'm sure they will do this and make a profit before the price of the coin drop.
It would be unethical for anyone to tamper with the product before sale after manufacture. Just because you think so does not make it true.Quote
What do you think?
How are coming up with such an idea? Do you have any proof of your claim? November 25, 2019, 03:02:35 AM
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Do you think after they develop a new miner they mine on altcoin first for months before they release it and then after they sold those miners they gradually sold their coins gradually?
I dont think that is true.miner manufacturers must back test their product, to know the stability, the hash rates, room temperature etc before it can be successfully sold since every buyers are interested in knowing such information before placing an order, certain coin earned through such mining shall be sold.
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This is the main reason why the price of bitcoin and altcoin drop a lot and I think those who produce the ASIC miner are those who selling big amount of BTC and altcoin.
Btc have 21M total supply, we can all watch the remaining btc on the blockchain, i do not believe that is the reason for price drop. November 24, 2019, 10:34:27 AM
I just think recently about miner manufacturer while developing a new ASIC miner.
Do you think after they develop a new miner they mine on altcoin first for months before they release it and then after they sold those miners they gradually sold their coins gradually?
This is just what I think and I'm sure they will do this and make a profit before the price of the coin drop.
What do you think?
Do you think after they develop a new miner they mine on altcoin first for months before they release it and then after they sold those miners they gradually sold their coins gradually?
This is just what I think and I'm sure they will do this and make a profit before the price of the coin drop.
What do you think?
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