he can't do 340 but 419 is steep.
I used to sell hdds on ebay. when the flood happened a few years back hdd prices went crazy. I had a lot in stock maybe 40. 1tb hdds had tripled in price. I was in the same spot as lee.
So I sold my 40 hdds with a smaller price bump then anyone else on ebay. Result they sold fast and people liked what I did. I made a little extra money and a lot of extra good will.
Once I sold out. I found other ebay items to sell.
So if you meet in the middle? 380?
you will sell them quicker then anyone else. and when the 50 sell out you can collect hosting and not expand for a while.
that is the strategy we use, although we set the price as 419$ as the same as bitmainI used to sell hdds on ebay. when the flood happened a few years back hdd prices went crazy. I had a lot in stock maybe 40. 1tb hdds had tripled in price. I was in the same spot as lee.
So I sold my 40 hdds with a smaller price bump then anyone else on ebay. Result they sold fast and people liked what I did. I made a little extra money and a lot of extra good will.
Once I sold out. I found other ebay items to sell.
So if you meet in the middle? 380?
you will sell them quicker then anyone else. and when the 50 sell out you can collect hosting and not expand for a while.
but we actually much cheaper, first we have included the price for a 40$ psu, second we have 20-25 days ahead of bitmain
edit
if you check the chinese site of bitmain, you will find the price they set is 3000 CNY, which is 484$. as a matter of fact, i canot place the order on english site since it will add 17% tax
and not too expensive... 
