Some strange happenings in the scrypt ASIC world, and I am wondering how they are related to GAW.
Just got my notice from Zeus that my pre-orders for the Volcano and Gen III blades was canceled.
At the same time, I have been unable to get bitmaintech to open an order for the L1 despite offering them a quantity of 100-1000 units (would be up to a $500,000 order). Their response to my inquiry? Sorry "pick another product".
Meanwhile, the first and still most efficient scrypt asic (the Innosilicon A2) is virtually unavailable except for cheaply built and probably used units that Zoomhash is liquidating (and the one I bought from them was defective).
And then I remembered Josh (GAW CEO) got into a spate with LightningASIC on this forum.. Josh actually PM'd me here and warned me that he had actual knowledge that Innosilicon was not going to make its A2 chip available to LightningASIC, and that LightningASIC would end up empty handed on its promised line of .28 nm scrypt asics (LA did pull through and deliver ONE unit to me but it was a demo unit and clearly used ..and then LA turned to ATM machines and no longer sell scrypt ASICs so maybe Josh was right in warning me, but how did he know?).
Strange happenings. Now putting it together with GAW and Zencloud hashlets and I am thinking perhaps paranoid delusions, but WHAT IF ...
What if .. GAW decided to corner the market on scrypt ASICs? GAW would need an awesome pre-order to persuade Bitmaintech, Innosilicon AND Zeus to pull back on their plans to sell the next-gen scrypt ASICs. An order like that would have to be in the millions of dollars for EACH company.
What if ... GAW decided to sell a virtual miner called hashlets, which were really nothing more than a MASSIVE disguided pre-order?
What if ... by selling hashlets for between $16-49, GAW raised enough money to pre-order ALL of the available future scrypt mining from bitmaintech, innosilicon and zeus?
What if ... GAW used its massive amount of purchasing power from selling hashlets to get exclusive contracts from these three major manufacturers, guaranting that GAW would be the only major player in scrypt mining?
What if ... GAW convinced Zeus to terminate PUBLIC sales of the Gen III blades, while privately taking up all of these sales using revenue from the hashlet sales to buy up the inventory and ensure that there is no gen iii scrypt miner available anywhere except through GAW?
While this is obviously speculation, it seems to explain the recent events and the strange fact that all three companies (Innosilicon, Zeus and Bitmaintech) suddenly no longer sell scrypt miners. To me, if it turns out to be true, it would be one of the most daring scams in recent history. Selling "hashlets" which are effectively disguised pre-orders on a massive scale so as to ensure a near monopoly in scrypt asic mining... genuis and evil all in one.
Will be interesting to see what happens next. If LTCGear suddenly shuts down .. or Bitmaintech starts refunding L1 orders...??!
Also, if this speculation turns out to be true, then the recent downturn in Primes might actually be a real buying opportunity. Wouldn't it be funny if, now that GAW has secured money from hashlet sales to make pre-orders for ALL of the available next gen scrypt mining chips, it starts bungling payouts, killing revenue, etc. to drive down the price of hashlets .. so resellers can purchase up the primes, only to resell again when the pre-orders are delivered and revenue goes up (likely not until December though)??! That would be triple-genuis-evil.
Could it be?
Just got my notice from Zeus that my pre-orders for the Volcano and Gen III blades was canceled.
At the same time, I have been unable to get bitmaintech to open an order for the L1 despite offering them a quantity of 100-1000 units (would be up to a $500,000 order). Their response to my inquiry? Sorry "pick another product".
Meanwhile, the first and still most efficient scrypt asic (the Innosilicon A2) is virtually unavailable except for cheaply built and probably used units that Zoomhash is liquidating (and the one I bought from them was defective).
And then I remembered Josh (GAW CEO) got into a spate with LightningASIC on this forum.. Josh actually PM'd me here and warned me that he had actual knowledge that Innosilicon was not going to make its A2 chip available to LightningASIC, and that LightningASIC would end up empty handed on its promised line of .28 nm scrypt asics (LA did pull through and deliver ONE unit to me but it was a demo unit and clearly used ..and then LA turned to ATM machines and no longer sell scrypt ASICs so maybe Josh was right in warning me, but how did he know?).
Strange happenings. Now putting it together with GAW and Zencloud hashlets and I am thinking perhaps paranoid delusions, but WHAT IF ...
What if .. GAW decided to corner the market on scrypt ASICs? GAW would need an awesome pre-order to persuade Bitmaintech, Innosilicon AND Zeus to pull back on their plans to sell the next-gen scrypt ASICs. An order like that would have to be in the millions of dollars for EACH company.
What if ... GAW decided to sell a virtual miner called hashlets, which were really nothing more than a MASSIVE disguided pre-order?
What if ... by selling hashlets for between $16-49, GAW raised enough money to pre-order ALL of the available future scrypt mining from bitmaintech, innosilicon and zeus?
What if ... GAW used its massive amount of purchasing power from selling hashlets to get exclusive contracts from these three major manufacturers, guaranting that GAW would be the only major player in scrypt mining?
What if ... GAW convinced Zeus to terminate PUBLIC sales of the Gen III blades, while privately taking up all of these sales using revenue from the hashlet sales to buy up the inventory and ensure that there is no gen iii scrypt miner available anywhere except through GAW?
While this is obviously speculation, it seems to explain the recent events and the strange fact that all three companies (Innosilicon, Zeus and Bitmaintech) suddenly no longer sell scrypt miners. To me, if it turns out to be true, it would be one of the most daring scams in recent history. Selling "hashlets" which are effectively disguised pre-orders on a massive scale so as to ensure a near monopoly in scrypt asic mining... genuis and evil all in one.
Will be interesting to see what happens next. If LTCGear suddenly shuts down .. or Bitmaintech starts refunding L1 orders...??!
Also, if this speculation turns out to be true, then the recent downturn in Primes might actually be a real buying opportunity. Wouldn't it be funny if, now that GAW has secured money from hashlet sales to make pre-orders for ALL of the available next gen scrypt mining chips, it starts bungling payouts, killing revenue, etc. to drive down the price of hashlets .. so resellers can purchase up the primes, only to resell again when the pre-orders are delivered and revenue goes up (likely not until December though)??! That would be triple-genuis-evil.
Could it be?
