The crux of the matter is that miners are now in direct competition with the manufacturers. A game miners cannot win.
You say it like this wasn't always true?
Topic: The way the game is now played. Miners all getting used machines. (Read 980 times)
You say it like this wasn't always true?
August 20, 2014, 11:05:44 AM
I'll certainly agree there are SOME manufacturers doing precisely what you're stating, but it is not all of them. Spondoolies, for example, sent their first SP30s out in July. If what you say were true, then they'd been mining with those SP30s since May - which simply isn't the case. They never even received the first of the Rockerbox chips until July, at which point they realized the chips were way off of the specs they had simulated (promised 6TH/s got 4.5TH/s with higher power usage). Same with Bitmain's S3. That machine went on sale June 30, so according to you they'd been mining them since April. Initial specs for the machine were 504GH/s, later reduced to 478GH/s. The actual released machine was 440GH/s because of lousy DC/DC converters.
Spodoolies may have a slightly different business model as they also offer hosting. And their rates are not really good. No idea if its just them or electricity costs in Israel are just pretty high.
Don't get me wrong, I do indeed believe there are companies doing exactly what you're accusing those companies of doing. I also agree that your average consumer doesn't have a snowball's chance in hell of competing with the guys who are producing the rigs if those guys are also mining with them.
August 20, 2014, 10:34:30 AM
I'll certainly agree there are SOME manufacturers doing precisely what you're stating, but it is not all of them. Spondoolies, for example, sent their first SP30s out in July. If what you say were true, then they'd been mining with those SP30s since May - which simply isn't the case. They never even received the first of the Rockerbox chips until July, at which point they realized the chips were way off of the specs they had simulated (promised 6TH/s got 4.5TH/s with higher power usage). Same with Bitmain's S3. That machine went on sale June 30, so according to you they'd been mining them since April. Initial specs for the machine were 504GH/s, later reduced to 478GH/s. The actual released machine was 440GH/s because of lousy DC/DC converters.
Spodoolies may have a slightly different business model as they also offer hosting. And their rates are not really good. No idea if its just them or electricity costs in Israel are just pretty high.
August 20, 2014, 09:37:30 AM
I'll certainly agree there are SOME manufacturers doing precisely what you're stating, but it is not all of them. Spondoolies, for example, sent their first SP30s out in July. If what you say were true, then they'd been mining with those SP30s since May - which simply isn't the case. They never even received the first of the Rockerbox chips until July, at which point they realized the chips were way off of the specs they had simulated (promised 6TH/s got 4.5TH/s with higher power usage). Same with Bitmain's S3. That machine went on sale June 30, so according to you they'd been mining them since April. Initial specs for the machine were 504GH/s, later reduced to 478GH/s. The actual released machine was 440GH/s because of lousy DC/DC converters.
August 20, 2014, 09:28:56 AM
But to be a real winner, you will need your own ASIC...
All the "real mining winners" have there own ASIC's:
Bitfury, Bitmaintech, Spondoolies, KnC, Cointerra...
All the "real mining winners" have there own ASIC's:
Bitfury, Bitmaintech, Spondoolies, KnC, Cointerra...
August 20, 2014, 09:15:02 AM
The crux of the matter is that miners are now in direct competition with the manufacturers. A game miners cannot win.
I bet it's ALL of them now mining first for 2 months and then selling off the equipment. SPondoolies, Bitmain, etc etc all figured out they can make a lot more money milking their machines first and then making even more dumping them on customers. Hey, I would do the exact same.
I bet it's ALL of them now mining first for 2 months and then selling off the equipment. SPondoolies, Bitmain, etc etc all figured out they can make a lot more money milking their machines first and then making even more dumping them on customers. Hey, I would do the exact same.
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