They're going to be bloody expensive paperweights real fast.
I doubt even the FIRST adopters will manage to make back half their price.
Seems like Bitmain didn't think THIS move through at all.
Bitmain and baikal knows
exactly what they're doing. They got the rug pulled out from under them with the algo change, making their ASICs worthless. All they can do besides recycling them for precious metals is dump them on unsuspecting, uninformed miners. This is 100% a malicious move on both their parts. If the algo switch hadn't been announced, these would still be humming away in their farms making them huge profits.
It's sad that they'll get away with selling some of these to people with more money than brains.
they think they are smart but in the long term this is a big miscalculation based on thier overwhelming greed.
they have basically exposed the fact to even the nonbelivers that they mine for months with thier asics before releasing them. They have shown withoute a doubt that they are a bad actor in the mining space , heck I think this might eveb give sia and other devs the ammunition they needed to push thier forks though.
I hope this is the info people needed. I’ve been saying bitmain is bad actor since s5 sales. Most people don’t like to admit when their wrong. But those who don’t see this coming is also not good for this space. Maybe is time to go back and read thru some old threads when people defended bitmain with every word they spoke. Once there was a time in crypto when we were proactive not reactive. I miss those times
I used to like bitmain did a lot of purchases from them. As time went on I see them as simply too big and as too greedy. Once in a while I still think they have a master plan but reality is that plan does not include me.
We are in very turbulent times. For crypto coins .
If all coins die but BTC and BCH it will mean only really big owners of gear and all of us in the small to medium mines will be out of the game.
Hobby -------- will stay around
Small --------- will die
Medium ------- will die
Large ---------- may merge into Huge
Huge ---------- 3 to 5 companies
Massive ------- 1 to 2 companies
I am in the small size not the medium I am over 10k and under 100k total gear coin cash
My hope is rolling algo's for multiple coins
a zec that changes algos
a monero that changes algos
this keeps gpus alive.
gpu miners need understand that 110% tdp and lots of rmas hurt the go mining indsutry as gpu companies have no interest in dealing with 2x 3x or 4x the rma rates
I will continue to hold me last 24 1080ti's
I will not load up on asics I have 6 or 7 from sidekick and 8 from jestanop all usb sticks.
I will still get the 1 dragon mint
I will still get the bitmain L3+
I may get a few avalon's as I hope they will become leaders in servicing their gear.
Oh I am going to be doing a new thread.
I have the two identical omen dual 1080ti pc's
I will be doing software tests as with 2 identical machines I can fairly compare zec programs
1st test will be
bminer 5.5
dstm 6.0
