Topic: Why price of asicminer drops heavily - page 2. (Read 5746 times)
Are the AM shares in the whole venture, or just in that product generation? If the former, then ixne has the definitive answer.
I dont know why people are selling asics on bitmit at 10x the original price, i mean a butterfly labs jalapeño 8.5 ghs at 1,900 usd. i think that the one who cost 2,000 usd in the website is the 600 ghs bitcoin mining card. the price of the jalapeño is $274 usd, maybe if you have it in you hands you can sell it at twice $548 but no more.
Maybe someone did the math and realized that a garage business selling legacy technology chips among an increasingly competitive market for a highly specific niche purpose - that purpose being a highly speculative and experimental digital currency that is itself among the most risky investments possible short of gambling - maybe isn't worth the hundreds of millions of dollars that the stock price implied.
That's why I sold mine weeks ago, in any case.
That's why I sold mine weeks ago, in any case.
Research and development costs as well as manufacturing setup costs being paid for by the initial batch can allow for cheaper products after they have been recouped by the initial product sales.
It's now only 2.5 bitcoins. What's the factor?
There's a lot of speculation as to why this is happening, but from what I can gather the sentiment is that it's one or more of the following factors:
- A whale panic sold a large chunk, adding additional downward pressure
- Despite operating almost exclusively in BTC, people evaluated the security with a peg to some fiat amount. As BTCUSD rises, people need less BTC invested to hit a specific fiat valuation
- Shaken confidence over network difficulty and competitors
- Many other theories...
In the end, it's a free market with supply, demand, and lots of externalities.
Anyone aware?
Perhaps price of new hardware is so cheap? Competitors?
Perhaps price of new hardware is so cheap? Competitors?
Well maybe this world is running out of idiots buying overpriced asic products. 
It's now only 2.5 bitcoins. What's the factor?
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