Bitcoin Forum

Other => Beginners & Help => Topic started by: dalepa on December 05, 2013, 08:57:07 AM



Title: Mining Companies
Post by: dalepa on December 05, 2013, 08:57:07 AM
I see that companies are selling 80GH/s like AMT https://advancedminers.com for $1500 with a 3 week delivery time

http://www.bitcoinx.com/profit/ calculates to a ROI in 21 days...

My newb question: 
     Why would a company that builds these boxes sell them when they can make more $$ mining than selling hardware?


How do I get my account upgraded here to post on other forums?




Title: Re: Mining Companies
Post by: DoubleMoo on December 05, 2013, 09:07:18 AM
Would also like to know why companies don't do this. But I am guessing they probably already use their own hardware while selling the product too.


Title: Re: Mining Companies
Post by: shinjikenny123 on December 05, 2013, 09:12:23 AM
I think they sell it once they wouldn't profit anymore in the next blockchain difficulty.. LOL!
They only do pre-order to guarantee that someone will catch their used stuffs... LOL!


Title: Re: Mining Companies
Post by: qosmio on December 05, 2013, 09:24:50 AM
so you believe they sell their used miners?


Title: Re: Mining Companies
Post by: shinjikenny123 on December 05, 2013, 09:30:42 AM
I think they don't use the term "used"...
They call it "quality testing period" :D


Title: Re: Mining Companies
Post by: torusJKL on December 05, 2013, 09:54:02 AM
I see that companies are selling 80GH/s like AMT https://advancedminers.com for $1500 with a 3 week delivery time

http://www.bitcoinx.com/profit/ calculates to a ROI in 21 days...

My newb question:  
     Why would a company that builds these boxes sell them when they can make more $$ mining than selling hardware?


How do I get my account upgraded here to post on other forums?
Those companies don't have enough money to pay for the production of the devices.
So they do pre-orders.

The problem with pre-orders is that while a device looks great now it might not do ROI anymore when you hold them in your hands.
Don't trust the delivery times of those companies.
Almost none of them have ever kept them.

Only buy devices that are in stock and will be delivered the next day with UPS, DHL, or any other fast shipping method.
Otherwise you might loose to much.


Title: Re: Mining Companies
Post by: qosmio on December 17, 2013, 05:18:06 PM
What makes most sense to me is the mining companies build them 1st for themself and mine until difficulty get too high to mine efficiently, then they sell it and make new ones 10x more powerful for themself and then do it all over again. All we get is obsolete mining equipment, preorders are used for them 1st, 3 to 6 months later we can get them after they mine with it and need to upgrade again because difficulty raise again.


Title: Re: Mining Companies
Post by: jjwhitehead on December 17, 2013, 05:53:24 PM
Thoughts on this mining company anyone?

http://axonlabs.net/?l=company.about


Title: Re: Mining Companies
Post by: Alternate_Coin on December 17, 2013, 05:56:31 PM
Thoughts on this mining company anyone?

http://axonlabs.net/?l=company.about

Seems legit.