Thank you guys for the heads up, I'll just add the official announcements for reference. There was no announcement of the price increase though, none that I could find anyway. Prime hashlet is now $49.95.
https://hashtalk.org/topic/4549/project-prime-is-almost-here
https://hashtalk.org/topic/4651/logic-behind-price-change
https://hashtalk.org/topic/4634/private-hashlet-sales-are-banned
https://hashtalk.org/topic/4549/project-prime-is-almost-here
Quote
Project Prime is almost here!
To our customers:
Project Prime is coming soon :grinning:
The date has now been set, and everything is being finalized. If you think Hashlets changed things, we are just getting started!
For all those about to ask. Hashlets and Hashpoints are a large part of prime. So you don't need to buy anything new to take advantage.
We will announce the date this week.
To hardware suppliers and resellers:
Enjoy your last few weeks :grinning:
To our customers:
Project Prime is coming soon :grinning:
The date has now been set, and everything is being finalized. If you think Hashlets changed things, we are just getting started!
For all those about to ask. Hashlets and Hashpoints are a large part of prime. So you don't need to buy anything new to take advantage.
We will announce the date this week.
To hardware suppliers and resellers:
Enjoy your last few weeks :grinning:
https://hashtalk.org/topic/4651/logic-behind-price-change
Quote
Logic behind Price Change
Outside of the obvious things, I wanted to provide some reasoning behind changing the price of Hashlet Primes.
As you guys know, it is difficult for us to disclose our future plans because of how our competitors react to us. I discuss that here:
"About every reseller, hardware company, and cloud provider in the world are starting to copy us. concepts, technology, strategy. Even marketing and naming (hashnest?)
We have to play things close or we risk getting copied"
But, I at least want to shed some light on what I can tell you.
Primes come at an incredible risk to us. You are able to choose any scrypt pool we support. Meaning that there is a possibility that the pool may just skyrocket in payouts, for whatever reason, and you will get the upside of that (like we saw with nicehash)
Plus, we are about to support SHA mining. So you will get the upside of those pools too.
So think of it like this: the more options you have, the less risk you have (which moves the risk to us). So we need lots of hardware on hand to cover ourselves.
The fact that you have so many options, means it would take the entire industry collapsing for it to make them ineffective. So they are the safest miners you can buy!
Additionally, the market is changing. I discuss this here:
Hardware cost is going up as pools are stabilizing.
We want to to limit their sales. They are meant to more exclusive product.
It is more difficult to do some of the things we want to do with too many out there.
No other Hashlets changed price.
Outside of the obvious things, I wanted to provide some reasoning behind changing the price of Hashlet Primes.
As you guys know, it is difficult for us to disclose our future plans because of how our competitors react to us. I discuss that here:
"About every reseller, hardware company, and cloud provider in the world are starting to copy us. concepts, technology, strategy. Even marketing and naming (hashnest?)
We have to play things close or we risk getting copied"
But, I at least want to shed some light on what I can tell you.
Primes come at an incredible risk to us. You are able to choose any scrypt pool we support. Meaning that there is a possibility that the pool may just skyrocket in payouts, for whatever reason, and you will get the upside of that (like we saw with nicehash)
Plus, we are about to support SHA mining. So you will get the upside of those pools too.
So think of it like this: the more options you have, the less risk you have (which moves the risk to us). So we need lots of hardware on hand to cover ourselves.
The fact that you have so many options, means it would take the entire industry collapsing for it to make them ineffective. So they are the safest miners you can buy!
Additionally, the market is changing. I discuss this here:
Hardware cost is going up as pools are stabilizing.
We want to to limit their sales. They are meant to more exclusive product.
It is more difficult to do some of the things we want to do with too many out there.
No other Hashlets changed price.
https://hashtalk.org/topic/4634/private-hashlet-sales-are-banned
Quote
Private Hashlet sales are banned
Hashlets are the greatest miners in the world. You know it, but scammers know it too.
In the interest of protecting our customers from the increasing spread of fraud, we are banning all private sales of Hashlets.
Please be advised that we will no longer accept request to transfer Hashlets between account. Any users caught selling hashlets risk account suspension.
The safety of our customers is our number one concern.
Hashlets are the greatest miners in the world. You know it, but scammers know it too.
In the interest of protecting our customers from the increasing spread of fraud, we are banning all private sales of Hashlets.
Please be advised that we will no longer accept request to transfer Hashlets between account. Any users caught selling hashlets risk account suspension.
The safety of our customers is our number one concern.
protectionist attempt to control the market.
