I say look at the bright side of things, newbies won't be entering this mining mania near the top, people seem to forget that we have been in this bull cycle for almost a full year and it shall end in a couple of months, I know this may sound funny and ironic at the moment, but a few months later my post would make a ton of sense, many miners won't manage to ROI their gears. IMO, if you are not already well-positioned in the mining industry - it's probably a little bit too late.
As for the four points you suggested, I have to agree with what phill mentioned.
Topic: Why all ASIC manufacturers are left out of stock? (Read 206 times)
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Nope to number 1 we used to do them but the tax regulations are higher now.
Pretend I offer to do one 100 t19 = $$. over 100 x 2118 = 211800 usd plus trump tax could be 90000.
I don't want to hold 301800 of other peoples money.
I would bet I would be checked out and considered to be a money laundering operator if I did it.
Cloud mining only works if you cloud mine directly from a small farm. If you do it with Bitmain you help them more than yourself.
If you rent 1ph from me a small farm miner (not going to do it) I could try to structure a plan that. does not favor me 90% and you 10 % which most cloud mining setups do. But an honest guy such as myself will tell you the following and plan I create that gives you a fair deal is very likely not as good for me as mining myself.
It would take pages to write why this is true and if you want a longer explanation I can give it to you.
3+4 have been done and they fail when profits roll back which they often do.
Retail clients all ask the same stupid questions over and over and you have to pay someone to answer them over and over.
Wholesale clients do their homework and ask stupid questions at most one time. Then pay you one giant lump of money. It's way easier on the backend. Even if the margins are lower up-front, you save on support staffing, logistics and headache.
Wholesale clients do their homework and ask stupid questions at most one time. Then pay you one giant lump of money. It's way easier on the backend. Even if the margins are lower up-front, you save on support staffing, logistics and headache.
Thank you again for your answers. I am not so sure the profit margins on the retail can be the same or worse that wholesale. However it seems that you are right, since the story proves what you say.
What would be the possible solutions to this, for the retail hobbyist. Thinking loudly it might be no sense:
1) Group buys.
2) Cloud mining.
3) Form a DAO for mining.
4) ICO for mining.
Each of them has the pros and cons. Any other thoughts?
What would be the possible solutions to this, for the retail hobbyist. Thinking loudly it might be no sense:
1) Group buys.
2) Cloud mining.
3) Form a DAO for mining.
4) ICO for mining.
Each of them has the pros and cons. Any other thoughts?
. But I can not understand why they are selling to Riot and not to small clients when they can get much more money from the retail clients.
Bulk sales have been always everyone's favorite, especially when both bulk and small pay the same, even better when the bulk buyers pay in advance, dealing with 1 client with 30k miners is a lot easier and cheaper than dealing with 15k clients for the same 30k miners, it's common sense.
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Also does anyone has an idea what is the MOQ to be considered as a "large" client?
It used to be easier back then, nowadays with these massivly funded whales, i bet your order total needs to be a couple thousands of gears if you want to sit down with their sales manager.
Thank you for your answer. I understand what you say. But I can not understand why they are selling to Riot and not to small clients when they can get much more money from the retail clients. Anyway from what I understand if you are interested for mining nowadays you have to pass through the resellers, which what they are asking is mad. Only if the prices double up makes sense to buy at those prices.
Also does anyone has an idea what is the MOQ to be considered as a "large" client?
Also does anyone has an idea what is the MOQ to be considered as a "large" client?
Riot alone has an order of over 30,000 miners, and they will receive the last batch by October 2021, this is one company out of the many large industrial-grade mining orders that hit Bitmain in late 2020, Bitmain staff and robots are probably working 24/7 but there is only so much they can do, the production of mining gears is capped by chips production from TSMC, large companies like Intel, AMD and Apple can hardly get enough chips for their production, Bitmain, and the other mining manufacturers are the "small fish in a big pond".
Nobody knows, but we know it's very unlikely to be before September, I mean even if they re-stock next month, chances are you won't get the gears until the end of September, and that is being very optimistic, the Aug batch was sold in no time, I am pretty sure Bitmain only put a small portion of their products for the public as a "courtesy" to its small clients, but with whales like Riot joining the mining industry, small miners will be ignored and your will only option would be over-paying the resellers, which isn't something you want to do before thinkingtwice 10 times.
Also does anyone have heard something about when they will open their sales again?
Nobody knows, but we know it's very unlikely to be before September, I mean even if they re-stock next month, chances are you won't get the gears until the end of September, and that is being very optimistic, the Aug batch was sold in no time, I am pretty sure Bitmain only put a small portion of their products for the public as a "courtesy" to its small clients, but with whales like Riot joining the mining industry, small miners will be ignored and your will only option would be over-paying the resellers, which isn't something you want to do before thinking
I wonder how is it possible all the Asic manufactures to have been for 2 months almost without a stock and if anyone has any information about it? I am thinking that with crazy market they should be selling 24/7 like hot bread. At least for whatever batch they can produce, something that is not happening and I can not understand the reason. Ok the silicon is rare and the companies who produce the chips have many more clients etc. But is it possible to be left so easily out of stock?
Also does anyone have heard something about when they will open their sales again?
Also does anyone have heard something about when they will open their sales again?
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