Topic: Gear Pricing just becomes more irrational then ever - page 2. (Read 1056 times)

Where? Links would be nice as I haven't seen anything near that price. Closest I saw was 3950 shipping within 10 days.

These can be had early september at $3100

Still pretty high but we have access to 40 units of M20S for September $3795.

The Russians that made the board with Bitfury is listing on their site are stating $3 a chip, maybe you can get a better price from them in bulk.

At the risk of venturing further off topic...

Right now there's not much to do to help. I'm waiting for the ASIC supplier to get back to me about whether or not I'll get access. If that happens, I figure on starting a hardware dev thread and keeping everyone posted, keeping interest and visibility up, so the source can see clearly that there is plenty of support for the products and they stay feeling good about their decision.

Right now I don't want to say too much, because if that source falls through I have to double back and do something else instead. Cart and horse and all that.

Should probably stop there for now and let this thread get back on topic. I'll let everyone know when there's anything worth knowing.

My apologies guys I've been swamped the last couple weeks it seems. Wife started teaching first year and kid goes to school in a different town while we have 1 car atm so I have from 8:30-3pm to make my money , things have been slow for me on bct and BTC in general.

I think your venture sounds awesome!  And if you flat rate them in USA, you'll be on top fast and should snowball from there (at least I hope) I think we can all agree that we need a true fair asic manufacturer. 8TH at 500watts is nice and should give a nice edge.  Being in the states (made or remade in USA) automatically saves us so much money too. 1/2 price shipping and no taxation besides state . I remember you said you broke a leg and got the design/build 606 expedited , seems like when you have downtime the community benefits well. (Stay in good health) with that being said how can we help expedite this process?

You never did send me your thoughts on that S9 hack either.

Yeah 8th at 500 watts is nice.

Keep up the good work, great to hear bigger is coming.

WhyFy - I'm still working toward building gear bigger than hobby-scale, but still geared toward quiet home mining. I've already got half a design for the next-gen stuff that'll replace my sticks and pods, and if it works it'll extend easily to an S1-chassis blade. Right now I'm waiting to hear back from the ASIC supplier about access to some protocol source to finish the design, and more importantly bulk supply of ASICs, but the (not yet impossible) goal is to be moving a new stick and pod by Christmas that should beat my BM1387 gear by roughly 70% at the top-end. If everything works out we could be looking at an 8TH ~500W S1-chassis miner next spring. IF everything works out.

Not sure what it'd take to build out a low-power 2-board S9 that was also quiet, but it's not impossible.

This question is hard to answer.  Pretend bitmain could do that.  If would drive btc prices lower based  on past history.  When they flooded market with s-5 to crush  the spondoolies s20  btc dropped to 183.

Once spondoolies was busted out they raised gear back up  I guess Jan 2015 to Sept 2015  for market to move from 182 to 400.

They flooded market with s9 last April-July 2018  market tanked..

I think they are better off with slow sales of high priced gear.  But I am an outsider looking in at bitmain.

The S-17 pro 53th  is better then any gear  there is  based on 36 watts a th at lpm.  Now based on 4200 price it is not that good.

or based on 2950 wait til dec price it is also not so good.

Very interesting. This seems to be right up Bitmain's alley ... They are probably ramping up production of their next-gen miner now and will flood the market with it all at once at a price their competition can't come close to competing with.

If they released a huge batch of high efficiency miners at a low enough price, could they force the difficulty high enough to make the s9s unprofitable? Wouldn't that be in their interest, since it would force the farms to buy new miners to replace all their s9s?

I wouldn't call those last couple statements speculation.... that seems to be the only thing you can 100% count on.

Can't access main account. In my current position The only way for me to lose money in btc is to buy coins or gear. So for me I have to mine and sell some coins while I also hold some coins. The risk of that is possible smaller profit. But the profit is certain . Every time the industry has been here and put me in this spot it has crashed. In under four months. So I am playing things for a crash.

well if btc goes up my  900th will be okay. It will earn a lot.

buying  gear now is most certainly stupid for me to do.
 
The bull is too occupied  to do a full  bull run as
The bull is busy getting laid as the asic companies are fucking everyone over.

The asic companies are trying to squeeze every last drop out of that bull  far before it is ready to pop.

But as I said all spec on my part.

The difference between Dec 2017 and Aug 2019 is the overall market condition , at that point of time there was way less people (buyers) who knew about bitcoin to begin with, there were not enough buyers to push the gear prices the way they do now.

Look at how fast the S17 sells on bitmain ,also notice that price went down like 30% yet hashrate is only increasing, everyone and their grandmother wants to buy the gears now before the bull run kicks in , everyone thinks that the same scenario that happened to S9 will happen to S17 and that pretty soon they will be making 50-100$ a day of their S17 which they bought for 4000$ and that later on they can sell it for 8k or even 10k.



Likely YES , I believe that from now until the next bear market or the halving ,gear prices will tend to increase specially after we break 20k , difficulty will take way too long to adjust, gears like the S17 will be making a fortune , the newbies will pay 8-10k $ easily.

Everything above is based on the assumption that BTC price is going to rise and not collapse back to the 3-6k range.

All these points about historical pricing proves to me the greed of the mining manufacturers industry.

I've stated this before , but we need more manufacturers like sidehack.

Sidehack what would you need in order to get to that point?  I get that the chip prices fluctuate would hinder going all in. Would love to see you selling hard modded s9's en mass.  Something like a s9 at 800-900 watts ,  running 10+ th , dreamy I know. I'd support it.

This post is why I did the thread.  In dec 2017. The s9 made 45 usd a day in coin.  You could sell one for three thousand dollars.  And people would be happy you sold it for that price.

Today the s17 pro makes 14 A day you would be loved by all if you sold one for the same 3000.

The s9 pulls 1350 watts the s17 pulls 2225 watts.

Based on 2017 dec numbers the s9 sold for

the s17 should be under 1750 shipped  today. Last I looked it was over 4100 shipped today.

The exposure to buy 10 s17 and waiting until dec makes zero sense.

I would argue what happens if coins moon to 30 k. Will we see s17 for 8000?

Correct, 27.6% will be rate with tariff pending any other news.

Jumping in a little late been busy.


Last I read on that this proposed 10% was on items not previously affected. Mining gear should be excluded from that.

The pricing isn't really a surprise move as far as I'm concerned. 2018 must have killed the manufacturing pace that was being set so now orders for components that are placed months in advance were probably at near minimum levels so that no one was left holding to much stock. Until that run on coin price everything was priced in so that you could be profitable sub $7000. So anyone ordering gear and receiving it within a few weeks was laughing. January you could load up your entire farm in 3 weeks with M10's at 750$ per. If you had a long preorder depending on how you paid you might have got stung and paid a 40% premium.

That price jump pretty much dropped us in November 2017 - Gear several generations old is now profitable again, and there isn't enough new gear available right now. Now manufacturers are scrambling to ramp up production, which costs a lot and they had just been selling gear at a steal. So they know people want it and are just dangling out everything they have, which probably includes gear reserved for warranty repair/replacement, charging in the irrational realm because someone will pay it.

I'm curious to see how many of these pre-orders arrive on time.