Bitcoin Forum

As we all know bitmain released another batch of D3 (some estimates around 32k D3) today morning.

https://shop.bitmain.com/productDetail.htm?pid=000201707201601357978QhCAWa5065C

few minutes after it was sold out... people on twitter/forums etc started selling there unpaid D3 for exuberant prices.

I want to take a personal stand against these profiteers who only block purchase (from legitimate miners) orders to resell (nothing wrong with reselling i have sold a lot of my equipment in the past at market prices) my problem is that the buyers have no intention of purchasing D3 and they don't have funds to do so or run some of the D3s they are not crypto supporters they are just price gauger....

I hope you take a stand with me and not purchase there empty unpaid orders... let me know your thoughts.

(some will say i am bitter/upset on missing out the D3 sale and they are correct i am sad  but not bitter i would rather wait and support the network at a fair price than line the pocket of some schmuck who who got lucky and ordered few D3s never intending to pay or mine with them )

Yeah just my .02 but I think the practice of "Re-selling" unpaid bitmain accounts should be not allowed on Bitcointalk. It seems to be getting out of hand and tons of people are securing orders that may never get paid for, for the simple purpose of "re-selling"

If you go over to the Marketplace Computer Hardware section, the re-selling of bitmain accounts is running rampant.

I was thinking about starting a thread on this exact same topic, glad I'm not the only one seeing this crap.

Yes its getting out of hand... because of supply/demand in a weird way i can understand there greed..

I agree Bitmain should implement some sort of safeguard against this practice. It will cost Bitmain more money anyway as a lot of orders will go unpaid .

Lottery system...

Are you sure they really care? After all, with all the pre-orders being sold-out in no-time, it does create this complete "I need to have it, but now" attitude with buyers. Which is the kind of thing that eliminates rational thinking and makes it an even more emotional purchase (going to get one this time!). Only if they are stuck with the majority of batches that remain unpaid will they change. Because they are not I'm guessing the strategy works to their advantage...

Finally someone else.  Felt like i was bitching to myself for awhile.  My problem is not with even selling their preorders IF they already bought it.  Its the kids who jam all the orders with no intention ever to buy them nor could they.  Easy for me to stick 50 units in my cart....whole other thing buying them.  If this doesnt stop now you can kiss buying any bitmain units ever again for retail.  These kids will be f5'ing the bitmain site until a new product is out.

I agree.

     Also - it's just lazy.  Really. 

     In the past a middleman actually had to buy it, receive it and then resell it.

     In India sometimes the first guy in line will buy all the tickets to a popular movie and then turn around and sell them at a premium.  This seems like one of those things.   

Yep that is true. Hopefully a lot of the units will go for unpaid... as long as people don't buy them on repurchase and a lot of people are scammers to trying to screw people out of BTC to resell them login info.

I think they should stop wire transfers. It's not fair to have some guy hold a place in line for that long. Plus we're here to support cryptos so cash seems like a relic. I did get in line for the Oct batch so we'll see if a 4th batch comes out for cancellations.

The simplest solution is to not allow addresses or phone numbers to be changed on an order. As a miner and a reseller who actually purchases these and ships them from within the United States with an additional 30-day warranty, these vultures are just begging for some heavy handed action from Bitmain that will hurt more than just the people creating the problems.

This a very easy fix:

Bitmain should not allow order changes unless order 100% paid for.

The only resellers would be those with paid off orders, in full.

Right now you have kids with $0 in the system, selling machines worth $5k-7k a piece at no risk. If the 2 days pass, they dont care, no personal risk.

I don't understand there greed or even why they have to be all it does is hurt and piss others off you said it your self . and leave good honest miners out in the cold.

Yup, that's why I think Bitcointalk should take a stand against the practice because it also increases the chances of scams since these "resellers" have no risk, look at all the new accounts recently created that are selling bitmain accounts with preorders.

I sold a preorder as well, but a month after i had paid it off and had another investment pop up that required cash on hand. Failing that, I would've received the order and just mined it.

Im okay with legit resellers who have skin in the game. They take on a risk and if it doesnt pan out, they lose while trying to play the market. If it does work, they get rewarded.

This $0 down but selling $50000 worth of ASICs type of sales threads are getting out of hand.

Perfect solution.  Works well for all parties: bitmain and actual buyers

32k ? as in 32,000 units sold ? that sounds way 2 high for selling out in 10 minutes... ?

1. they reserved-sold units..meaning in 2 days around half or 1/3rd of their orders will expire and be re-sold (something Bitmain might wanna fix)

2. They sell batches by the hundreds of units, never thousands...if a batch gets to be thousands,it means the price vs ROI is bad and people stayed away and didnt buy

A very simple fix to this :)

1.) Don't support people doing this
2.) Don't allow a company to do this by rejecting their offer

If we would all just remain without greed for a month or two, a lot of things would change, but nobody wants to except for a few so here we are :) Just remember that you alone can make a stand and that all that matters. As long as you do what you feel is right, you will end up in a good place. Don't listen to greedy crypto nerds and do your thing, that's all that really matters.

Yes this is better than removing wire transfer. I think you should suggest on Bitmains twitter and alert them. The chinese will take swift action.

I would but dont have a twitter account. I can mail their support but they're busy dealing with the garbage orders at the moment I would think.

Funny thing is they are advertising on bitmains twitter feed, and reselling the miners

https://twitter.com/BITMAINtech/status/893027915671011328

I'm very new to the world of Crypto but have become extremely passionate about it.
As such I've launched 2 websites, built my own mining rig and have a business partner and dev team at work on a new eco system.

What I cant do however, is buy a damn miner and I cant because Bitmain not only doesn't make things very clear on their site on how to pre-order from their site, but they dont limit the number of units sold per house hold or apparently even "buying" units for the sole purpose of gouging the community that support their company. I'm willing to pay a $500 premium for someone having the foresight to get an order in at the right time but I'm not willing to pay 2x to 3x the price for something that is only that expensive because the community allows this practice to begin with.

Typically when I'm forced into a situation like this I'd simply get to work creating competition but in this case, I'm not sure where to start to design such a device.

This blatant profiteering, supported by the manufacturer is pretty disgusting honestly and I cant figure out why Bitmain would not only allow it, but seemingly fully support it.

to help counter it , some one watches when they go on sell and rev those miners but gives those accounts away for nothing sense it cost nothing to make a account ...and don't get greedy.

Or the company's charge a refundable fee till after the miners is paid for in full upfront other wise i can't say and hope the company's fix things.

That not the problem i remember when bitmain would have orders set up for days and wouldn't sell out for weeks this just started a few months ago and all most right way every miners is gone ..
then a day later some one pops up with some awe full price for a other wise less costly miners then every one buys it that seller was able to rev so many in some cases pay for them with the intent to jack up the price to sell high Ive seen it done that way to . if some one asks why so high the seller would use the excuse i have other costs to cover .. or  be rude and say if you don't like it don't buy it . Honestly i don't know how they live with there self, I guess money does that... but that's me and Ive been lucky and usually am when i get the right a mount of cash to gather it's usually about the time sells start . i don't time it that way, it happens that way .

And sells for these type miners are no longer a units sold per house hold thing big crops buy miners by the 100  ... you may have to ask bitmain or canaan or INNOSILICON for big sell orders but it's not a house hold thing any more like it was a year or so ago .

Plus side have you looked in to buying BTC miners here  if all you want to mine at first is BTC they have the best support and miners even better then bitmain ...



https://canaan.io/

Its only a matter of time b4 someone is scammed by these schemes, all it takes is someone to hijack a bitmain account which they already sold with the  paid orders by just changing the bitmain password through the unchangable email address used to setup the bitmain account. And even if the email account and password were given to the buyer and password were changed , theres still linked  backup email addresses, phones and authentication apps that can still recover those email addresses too if a user doesnt bother or doesnt know how to change these settings to reflect their own details. If people get screwed over on this they wont notice until a few days before shipping.

Which means  mmm   bitmain condones it?  or worse bitmain is actually the one doing it.

Nice way to sell the gear at a jacked price.


So bitmain  comment please?

Bingo....easy way for bitmain to sell "the cheapest" miners.  There is something going on here and ive been trying to blast  everyone doing it.  Every new sale is from a new account.  Wven the people "asking" generating interest.  I bet its not more than a couple people doing all of this.  Fucked up and needs to stop.  Easiest way to start to eliminate it is to have no account details can change until full payment is made as someone said above. That will at least cut down the "selling my spot on line" sales.

Batch 1 was limited to 100 units per customer, whereas each successive batch has been limited to 50 units per customer. That's still a lot, but there are limits.

You mean per imaginary account created with a random address?