Why is bitmain selling its new gear at crazy low prices? - page 2.

philipma1957

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'The right to privacy matters'

Quote from: OgNasty on April 12, 2017, 11:18:20 AM

Kill off manufacturer competition

------------ yes [/list]

Get more users into LTC to boost price and increase the value of their holdings

------- no

Block segwit

--------------- yes[/list]

Good PR

-------------------- ?[/list]

Huge profit margin on L3+ units

----------yes yes yes yes yes [/list]

Hedge against BTC business line

---------- yes[/list]

New revenue source

------------------------ yes[/list]

Open up new partnerships and service opportunities

---- ?[/list]
[/list]

Pretty much think you are on the right track with the exception of price of LTC.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Kill off manufacturer competition
Get more users into LTC to boost price and increase the value of their holdings
Block segwit
Good PR
Huge profit margin on L3+ units
Hedge against BTC business line
New revenue source
Open up new partnerships and service opportunities

Searing

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Clueless!

Quote from: philipma1957 on April 12, 2017, 09:10:24 AM

Quote from: cashen on April 12, 2017, 08:40:29 AM

Quote from: philipma1957 on April 12, 2017, 07:30:10 AM

Quote from: ?? on ??

Quote from: kemo6600 on April 12, 2017, 12:56:44 AM

Let's agree that they are not idiots to sell at loss.
My guess is that they have large number of units ready, with a quick calculation you will find that few thousands units can double the difficulty.
It could be that they will take lots of orders before shipping large amount at once, they will sell like hot cakes

Agree

Which is why I mentioned this and made the thread.

I have purchased more then 100,000 in gear from bitmain. So I don't hate them. But people need to see the risk in buying this gear.

Which to me would be flooded market and a really long ROI.

Not that bitmain would do this to BTC , but in fact they did do it to BTC when they fought with Sp-Tech with sp20 against s-5. that fight crashed the price of BTC down to about 189-190 usd in Jan 2014

They also are paid cash or btc,
Do they even take ltc. Maybe with seq witness now on ltc seems a go they don't need this
capacity to block. So they get btc bet on a pump and cold clock anyone with ltc price increase
Making a new competitive line of asics. Or hell they need $$$ for a new X11 line of miners

Eyedol-X

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Quote from: philipma1957 on April 12, 2017, 10:26:48 AM

Quote from: ?? on ??

Maybe their asic boost on these miners will be invalid if segwit goes through and they are trying to push them before it's forced through. Bitmain isn't the people's company and they don't do bargains, something is up.

Well ltc has less gear then btc.

they are able to fully flood the ltc with gear and they get the money upfront.

So I think they figure no matter what happens they got paid.

I had ltc at 51 usd a coin and watched it fall to under 6. LTC is the only coin that I lost on. Well into the thousands maybe 6 or 7 k loss.

The ltc market is about to get shaken up just like it did in 2014.

To all that felt froggy and took a leap I hope you don't get caught and cooked.

I bag hold LTC I mine but I lost access to an LTC Core wallet a while back and lost a chunk.

I'm rebuilding with the intentions of holding it and seeing what happens.

However I don't allocate all my Scrypt hash to LTC payouts, I diversify between multiple coins.

philipma1957

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'The right to privacy matters'

Quote from: ?? on ??

Maybe their asic boost on these miners will be invalid if segwit goes through and they are trying to push them before it's forced through. Bitmain isn't the people's company and they don't do bargains, something is up.

Well ltc has less gear then btc.

they are able to fully flood the ltc with gear and they get the money upfront.

So I think they figure no matter what happens they got paid.

I had ltc at 51 usd a coin and watched it fall to under 6. LTC is the only coin that I lost on. Well into the thousands maybe 6 or 7 k loss.

The ltc market is about to get shaken up just like it did in 2014.

To all that felt froggy and took a leap I hope you don't get caught and cooked.

Eyedol-X

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Activity: 952

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Quote from: philipma1957 on April 12, 2017, 09:10:24 AM

maybe late fall early winter say nov or dec.

I don like what I see being done. This is about market manipulation via selling lots of miners too cheaply.

My guess is their cost for a miner is under 500 usd. so they are making big bucks on these.

Agreed here, but this move could also backfire, as many pools already signaling segwit.

Latest batch shows July delivery. If Bitmain is indeed attempting to stop Segwit by flooding market with miners, they may have waited too long.

Another thing is they could drop the requirement from 75% to 65% -- if that vote was successful, Segwit would be active right now.

64dimensions

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Unless Bitmain has some inside info on the future direction of either BTC or LTC, it's hard to make sense of this. Other possibilities:

1) BTC and LTC are essentially the #1 and #2 crypto currencies. One is going segwit and the other is not. Maybe a practical business person instead of
trying to guess the future, has a foot in both camps. Possibly by making LTC a stronger competitor, you increase your leverage over the BTC devs.

2) Perhaps to continue to have the capability of designing/building low cost miners and having fab access for ASIC mining chips perhaps you need to keep a certain volume in the product pipeline.

philipma1957

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'The right to privacy matters'

Quote from: cashen on April 12, 2017, 08:40:29 AM

Quote from: philipma1957 on April 12, 2017, 07:30:10 AM

Quote from: ?? on ??

Quote from: kemo6600 on April 12, 2017, 12:56:44 AM

Let's agree that they are not idiots to sell at loss.
My guess is that they have large number of units ready, with a quick calculation you will find that few thousands units can double the difficulty.
It could be that they will take lots of orders before shipping large amount at once, they will sell like hot cakes

Agree

Which is why I mentioned this and made the thread.

I have purchased more then 100,000 in gear from bitmain. So I don't hate them. But people need to see the risk in buying this gear.

Which to me would be flooded market and a really long ROI.

Not that bitmain would do this to BTC , but in fact they did do it to BTC when they fought with Sp-Tech with sp20 against s-5. that fight crashed the price of BTC down to about 189-190 usd in Jan 2014

What is your educated guess for ROI with this?

maybe late fall early winter say nov or dec.

I don like what I see being done. This is about market manipulation via selling lots of miners too cheaply.

My guess is their cost for a miner is under 500 usd. so they are making big bucks on these.

cashen

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Quote from: philipma1957 on April 12, 2017, 07:30:10 AM

Quote from: ?? on ??

Quote from: kemo6600 on April 12, 2017, 12:56:44 AM

Let's agree that they are not idiots to sell at loss.
My guess is that they have large number of units ready, with a quick calculation you will find that few thousands units can double the difficulty.
It could be that they will take lots of orders before shipping large amount at once, they will sell like hot cakes

Agree

Which is why I mentioned this and made the thread.

I have purchased more then 100,000 in gear from bitmain. So I don't hate them. But people need to see the risk in buying this gear.

Which to me would be flooded market and a really long ROI.

Not that bitmain would do this to BTC , but in fact they did do it to BTC when they fought with Sp-Tech with sp20 against s-5. that fight crashed the price of BTC down to about 189-190 usd in Jan 2014

What is your educated guess for ROI with this?

Jamievs

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Quote from: philipma1957 on April 12, 2017, 07:30:10 AM

Quote from: ?? on ??

Quote from: kemo6600 on April 12, 2017, 12:56:44 AM

Let's agree that they are not idiots to sell at loss.
My guess is that they have large number of units ready, with a quick calculation you will find that few thousands units can double the difficulty.
It could be that they will take lots of orders before shipping large amount at once, they will sell like hot cakes

Agree

Which is why I mentioned this and made the thread.

I have purchased more then 100,000 in gear from bitmain. So I don't hate them. But people need to see the risk in buying this gear.

Which to me would be flooded market and a really long ROI.

Not that bitmain would do this to BTC , but in fact they did do it to BTC when they fought with Sp-Tech with sp20 against s-5. that fight crashed the price of BTC down to about 189-190 usd in Jan 2014

Batch 2 sold out too and they just now announced batch 3 for delivery in july. Maybe it is their purpose to crash, buy low and sell high? With hardware already being sold they hardly can loose..

philipma1957

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'The right to privacy matters'

Quote from: ?? on ??

Quote from: kemo6600 on April 12, 2017, 12:56:44 AM

Let's agree that they are not idiots to sell at loss.
My guess is that they have large number of units ready, with a quick calculation you will find that few thousands units can double the difficulty.
It could be that they will take lots of orders before shipping large amount at once, they will sell like hot cakes

Agree

Which is why I mentioned this and made the thread.

I have purchased more then 100,000 in gear from bitmain. So I don't hate them. But people need to see the risk in buying this gear.

Which to me would be flooded market and a really long ROI.

Not that bitmain would do this to BTC , but in fact they did do it to BTC when they fought with Sp-Tech with sp20 against s-5. that fight crashed the price of BTC down to about 189-190 usd in Jan 2014

Jamievs

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It's actually one of the reasons why I am holding back on ordering one (I'm a small fish I guess Wink

). It just seems too good to be true..

sony87

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Quote from: philipma1957 on April 11, 2017, 05:25:23 PM

Quote from: Eyedol-X on April 11, 2017, 05:11:36 PM

Quote from: philipma1957 on April 11, 2017, 04:56:08 PM

Space

please give your best ideas on this.

The current numbers I used are 5% per jump.
jumps come fast for ltc so 5% is a high number to use.

This seems to be a market shifting move. On their part.

My tin foil hat theory is that they are going to start cranking these out every 2-3 months and its going to drive difficulty sky high which will make these prices that seem crazy low now, more sensible later. Alternatively they may be trying to corner market and shut out Innosilicon by undercutting to drive business, maybe these first offerings are a loss leader to drive attention.

Another alternative is, they may be trying to flood the market with LTC mining hardware to stop Segwit as I believe they are currently against that.

If Segwit is successful on LTC it's going to drive a huge argument for it to be activated on BTC Chain and Bitmain is against that by itself as they have a specific agreement where they are willing to move forward with Segwit.

Yep that bold line is my guess.

The recent news and leaked communication about why Bitmain is agains Segwit for me is the answer and this market move is as ugly as possible and we should not fall with that but unfortunately most miners look only for profit and don't care for the development of technologies, they look only for ROI. And they will fall for that and buy the miners no matter what we talk. Like stated in the leaked email Bitmain have crippled down all their miners in terms of power efficiency and speed - the same ones in their hands produce 30% more speed with 30% less power consumption, what else can I say.

crypticj

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BOYCOTT!!!!

kemo6600

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Let's agree that they are not idiots to sell at loss.
My guess is that they have large number of units ready, with a quick calculation you will find that few thousands units can double the difficulty.
It could be that they will take lots of orders before shipping large amount at once, they will sell like hot cakes

not.you

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Personally I have no faith in LTC to maintain a decent price. I don't know if bitmain feels that way too or not.

philipma1957

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'The right to privacy matters'

Quote from: Eyedol-X on April 11, 2017, 05:11:36 PM

Quote from: philipma1957 on April 11, 2017, 04:56:08 PM

Space

please give your best ideas on this.

The current numbers I used are 5% per jump.
jumps come fast for ltc so 5% is a high number to use.

This seems to be a market shifting move. On their part.

My tin foil hat theory is that they are going to start cranking these out every 2-3 months and its going to drive difficulty sky high which will make these prices that seem crazy low now, more sensible later. Alternatively they may be trying to corner market and shut out Innosilicon by undercutting to drive business, maybe these first offerings are a loss leader to drive attention.

Another alternative is, they may be trying to flood the market with LTC mining hardware to stop Segwit as I believe they are currently against that.

If Segwit is successful on LTC it's going to drive a huge argument for it to be activated on BTC Chain and Bitmain is against that by itself as they have a specific agreement where they are willing to move forward with Segwit.

Yep that bold line is my guess.

Eyedol-X

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Activity: 952

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Quote from: philipma1957 on April 11, 2017, 04:56:08 PM

Space

please give your best ideas on this.

The current numbers I used are 5% per jump.
jumps come fast for ltc so 5% is a high number to use.

This seems to be a market shifting move. On their part.

My tin foil hat theory is that they are going to start cranking these out every 2-3 months and its going to drive difficulty sky high which will make these prices that seem crazy low now, more sensible later. Alternatively they may be trying to corner market and shut out Innosilicon by undercutting to drive business, maybe these first offerings are a loss leader to drive attention.

Another alternative is, they may be trying to flood the market with LTC mining hardware to stop Segwit as I believe they are currently against that.

If Segwit is successful on LTC it's going to drive a huge argument for it to be activated on BTC Chain and Bitmain is against that by itself as they have a specific agreement where they are willing to move forward with Segwit.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Space

please give your best ideas on this.

The current numbers I used are 5% per jump.
jumps come fast for ltc so 5% is a high number to use.

This seems to be a market shifting move. On their part.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

I did a break down of 5% jumps at ten cents on bitmain's new miner for ltc

I would love to read guesses as to why a bargain price.

Quote from: philipma1957 on April 11, 2017, 04:52:25 PM

The deal is too good.
Bitmain is really smart and does not off deals this good.

Conclusion WTF are they up to.

if you do 5 % a jump at 10 cent power with ltc at 9.50 usd the gear will earn back fully in sixty days and turn a huge profit.

look at daily numbers

look at per diff jump

look at weekly

look at monthly

Topic: Why is bitmain selling its new gear at crazy low prices? - page 2. (Read 3237 times)