Well obviously the market is not that big compared to other countries. However, why limit yourself to the Indian population. If you actually end up making a miner, why not market it to the world and export it in large numbers. If its ROI is better than others, everyone will buy it.
Agree. This makes sense when you can produce chips in india and build miners - which I think is very unlikely. On the other hand if you are importing components and assembling, we will have price constraints others like BTCGarden, Rockminers does not have. Having said that there can be a startups like Technobit that has very same business model we are talking about.
I don't think there is a big enough market to warrant this effort. There is also a very short life span with quick upgrade cycles. Unless the market gets stabilized don't bank on something like this to happen.
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This is also a point that I want to validate. How many miners are getting sold here monthly? May be highkart, bitling etc can put some light. But I am sure many others will be ordering directly from bitmain or likes.
Just to put some light, we have enough miners in India to support the initial purchases of any new miner built in India. Most of the miner are not very active on forum. We r doing enough business in miners just to say.
However the difficult part is to keep up with the pace of hardware development at the current stage. A hardware team should be trying and apply new innovation rather than copying the existing designs to be ahead of the curve and keep costs reasonable.
If somebody want to really take an effort we will be more than glad to help them with our sales channel. You can PM us for more discussions.
Thanks for chipping in and appreciate the information sharing.
