Rumor that Bitmain is going belly up! can't pay its chip builder! - page 2.

mikeywith

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be constructive or S.T.F.U

Quote from: minefarmbuy on March 11, 2019, 01:33:53 PM

https://twitter.com/Excellion/status/1104635332274749446

Though there is some insider information, Bitmain selling only 1k units is just false.

it's most likely fake, but the S15 has been more "out of stock" than in stock, also based on the coupons distrubitons which i talked about in this thread >https://bitcointalksearch.org/topic/how-many-s11s15t15-did-bitmain-actually-manage-to-sell-5114713 , despite the fact that statistics i had at my disposal were fairly small, i am almost certain that bitmain did not sell anything above 10,000 S15s at best case scenario.

but i am starting to doubt the theory about them going broke what so ever, the 1,1 billion profit they hit last year will keep them going until the next bull cycle whereby they will boost their production and profit again, i strongly believe that bitmain will dominate the mining market for decades to come.

gentlemand

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Welt Am Draht

Quote from: minefarmbuy on March 11, 2019, 01:33:53 PM

https://twitter.com/Excellion/status/1104635332274749446

Though there is some insider information, Bitmain selling only 1k units is just false.

If he had any desire for credibility he'd create a separate account and ID. No one's going to believe him coming from his own account. Whatever truth is in there, he's the definition of compromised.

minefarmbuy

full member

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We are not retail.

https://twitter.com/Excellion/status/1104635332274749446

Though there is some insider information, Bitmain selling only 1k units is just false.

Thetaj

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BitDeer is just luls at this point. Bitmain got hit real hard with that fallout with faketoshi.

kano

legendary

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Linux since 1997 RedHat 4

The problem at Bitmain making new miners was their main hardware guy left quite a long time ago.

He now runs Poolin after their agreement that required him to not compete expired.

While many people like to think that anyone can make a miner that performs in the arena of what is required to be able to sell it, the fact is that few can.

Norm MacDonald

member

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DING DING DING!! As per usual, Philipma rings the bell. I have zero doubt that this is true. No shortage of stunned morons in Crypto land...

philipma1957

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'The right to privacy matters'

Quote from: gentlemand on December 29, 2018, 03:27:20 PM

https://twitter.com/cryptonodon/status/1078947080092102656

https://www.odaily.com/post/5135367

Ever more dramatic tales seem to be popping up. As always in cryptoland the actual truth seems to be rather more sluggish to arrive, if it ever does at all. The above hints at total craterage.

I googled translated it

https://www.odaily.com/post/5135367

and found a lot of good info.

worth doing it for an interesting read:

Quote from: https://www.odaily.com/post/5135367

"However, according to the news obtained by the Odaily Planet Daily from many parties, Bitcoin spent much more time on developing 12nm and 7nm chips in the first half of this year.
“Bit mainland failed several times, and lost $700 million.” A mining machine practitioner told Odaily Planet Daily.

According to him, the reason for this mistake is the technical problem of the team. Two years after the ant S9, Bitland has not introduced a new machine. In order to maintain the dominance of the mining machine, after the revenue of 2.5 billion US dollars in 2017, Bitland began to develop new machines.

One will be a million bones. On November 8, Bitcoin finally launched the S15 and T15 miners equipped with 7nm chips.

However, it was not long before the currency market began to fall to the bottom. These two expensive new machines are difficult to open to the market."

the quote I lifted from the article and I extrapolate that the issue of not being able to sell the s15 or t15 direct to usa (trumps tax) is why bitdeer has been founded.

Just remember bitdeer is selling s9 contracts with s9 power charges and zero proof they use s9's to mine.

So at 13 cents a th if those new s9 contracts are really using s15 bitmain gets a good helping hand from morons that are buying s9 contracts.

gentlemand

legendary

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Welt Am Draht

https://twitter.com/cryptonodon/status/1078947080092102656

https://www.odaily.com/post/5135367

Ever more dramatic tales seem to be popping up. As always in cryptoland the actual truth seems to be rather more sluggish to arrive, if it ever does at all. The above hints at total craterage.

Wuerger

newbie

Activity: 16

Merit: 1

Yes they work. One s15 new, one s9 in the garbage.

Norm MacDonald

member

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Quote from: Wuerger on December 24, 2018, 12:05:36 PM

Yes right, my english is very poor. Off course i mean trash = e-waste.

Do they work? I'll buy them. Trashing perfectly good machinery doesn't seem too rational.

Wuerger

newbie

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Yes right, my english is very poor. Off course i mean trash = e-waste.

sidehack

legendary

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Curmudgeonly hardware guy

You should recycle it instead. Lot of places will pay poundage for e-waste, and those things are at least 50% aluminum by weight with, because of their circuit density, a fair bit of copper and plated gold besides.

digital$

member

Activity: 287

Merit: 18

im in SA(South Africa) looking to buy a couple units S9...if anyone can PM me contact info would be greatly appreciated. little hesitant in taking chances with "unknown" sellers but if there are members on here who could vouch for seller/s...ive got no problem ordering

Wuerger

newbie

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I throw my s9 into the trash. If they are sold cheaply, they represent a competitor.

buwaytress

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Join the world-leading crypto sportsbook NOW!

So the rumour mill's grinding out more Bitmain-related stuff. From Hong Kong, regulators are saying the industry's too immature for it to allow for it to consider Bitmain's IPO for a go ahead, probably a non-news by itself but then the other reactions seem to say that the company itself is taking that news seriously... this https://cryptonomist.ch/en/2018/12/24/bitmain-news/ news article shows a LinkedIn update from employees usually making the posts, talking about a 50% redundancy plan. Huge contraction underway.

philipma1957

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'The right to privacy matters'

Quote from: Norm MacDonald on December 22, 2018, 02:53:02 PM

Philip, if you're shopping let me know. I've got 2-3 solid direct contacts with sellers of a LOT of S9's. Excellent prices and all easy to work with and trust. Not a fan of Ebay myself.

pm sent

Norm MacDonald

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Quote from: minefarmbuy on December 22, 2018, 12:32:36 PM

You can still get s9's from bitmain. They're just reluctant to advertise it.

Price, Tariffs and shipping make it cost prohibitive...

minefarmbuy

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We are not retail.

Quote from: Norm MacDonald on December 22, 2018, 02:53:02 PM

Price, Tariffs and shipping make it cost prohibitive.

De minimis value makes these cost effective still. we've provided a cadence for shipments that works for large orders for buyers.

Norm MacDonald

member

Activity: 126

Merit: 20

Quote from: minefarmbuy on December 22, 2018, 12:32:36 PM

You can still get s9's from bitmain. They're just reluctant to advertise it.

Price, Tariffs and shipping make it cost prohibitive.

minefarmbuy

full member

Activity: 1022

Merit: 221

We are not retail.

You can still get s9's from bitmain. They're just reluctant to advertise it.

Topic: Rumor that Bitmain is going belly up! can't pay its chip builder! - page 2. (Read 19767 times)