Only to china ,this is not good.
Not true, i bought one, I live in US ... Bitmain allowing only 1 miner per buyer with first batch
First lets have a look here
https://gist.github.com/xiphon/9df7e5af59c9ff50727596a15b95ab41. It appears that coins are being mined right now to two addresses (Bitmain maybe?). We can also see that average block time is ~30 seconds and block reward is 412.5 BTM. Assuming that Bitmain will only sell 2500 Antminer B3 and no one will mine except for those B3s then each B3 will make about 475.2 BTM per day. These are assumptions only so don't quote me on this.
I don't see anyone buying these unless they're supporting or investing in Bytom.
So I read that first couple days of mining will be airdropped to Bytom Wallet holders ...
http://news.8btc.com/bytom-mainnet-launched-and-antminer-b3-for-btm-mining-releasedBatch 1 is said to be 2500 units. Guy in link on redditt (
https://www.reddit.com/r/BytomBlockchain/comments/8elnao/all_new_antminer_b3_to_mine_bytom/ )
says Github appears to show "Block time: 150 seconds (2.5 minutes) Block reward: 412.5 BTM" ... so roughly 237600 BTM a day...
If that is divided by 2500 units running each day, that's about 95 BTM per miner per day (BTM around $.90 - $1.00) , so $80-90 Revenue per day to start out for first batch miners?
We'll see how it plays out
I'm very excited to see how this miner will do specially because Bitmain is a partner of Bytom. Maybe they will not pre-mine coins or cause a network congestion like they did with other coins. Will see next week.
MAYBE this is true....with the coin announcement and miner announcement on the same day and the miner available for sale the day after that and you get your B3 miner
next week...yeah, I could see where pre-mining the coin...might be one thing, that won't happen at Bitmain's end....but not sure I'd count on it...hard to see how they
could pull off that part however...on the other hand...if the protocol of this coin is 'weak' ie it has NO real innovation besides just a 'Bitmain creation' it will go the way of
the other 'corporate coin' PAYCOIN and a lot of folks will be left holding the bag, except Bitmain, which will simply NOT sell the equipment anymore...or in the x11 miner
D3 case..sell it for a low price to the Newbies and no matter what the electric (unless free) will NEVER ROI, even at the D3 reduced price, indeed with Summer coming,
even with FREE electric it still may not ROI, because you'd have to cool the beast....yep ...if the coin works, bitmain wins, if the coin doesn't work, they still win, either
way this again is 'classic monopoly' no risk if you control the market and production ..only a possible upside if it works...
This isn't how business works. You can't say there is no risk. They have to pay for the design and engineering, research, board production, shipping, and customer service. Its not free for them to make a miner. If they sell 3000 units and a coin fails, that is a lot of time and effort expended for a one-time product. I guarantee you where they make the most money is selling S9's and L3s. The product is already designed, they just need to manufacture more and sell them. They don't control the market and production. There are competitors.
yep agree with it all but your point there are competitors..none of any note (so far number of unit wise)...the batch sizes are like 1 run compared to bitmains up to 15k of units...for
not an untypical batch and shipping run..thus everything you say is true..but I say it is currently
at 85-90% of all ASIC's of any flavor....a MONOPOLY (look up how it works and kills the systems a monopoly tries to control) so sure ..they are doing what you would expect a
monopoly would do, does not make it right..and it does not make it right they are not being called on such games (great firmware broke scam of 2017) because of the market
for crypto-related businesses is so small and even smaller in the equipment area...the are NOT being called on such...
So you seem to be going out of your way to ignore that major fact...that they are a monopoly on ASIC's and with BCH and such...that to me means it is doomed to screw us
in matters way beyond just a few bucks...it could very well, for example, kill all scrypt-pow mining just from the centralization of power and data hall mining games...
So I call them an unethical monopoly even if a profitable business...but again, monopolies exploit the environment they exist in ...till everyone leaves...finding it an unfair marketplace...
There ARE legit businesses that have large market share ...and go for the long-term profits and don't play these games...Bitmain plays the game, lilke they expect all of
crypto to blow up next week as a ponzi...and their business practices of a 'quick buck' reflect that...again they are a monopoly and expanding their reach (now this new coin)
have most if not almost all ASIC of any flavor market share..has to conservatively in units alone...way above 85%....and are acting irresponsible and unethical and it will all come home to
roost..probably taking and dooming scyrpt-pow mining along with it...Bitmain itself will be fine...take the money and run...but capitalism is supposed to have 'fair playground rules' on this
kinda thing...and there are no regulators and the laws in both China and the USA are not being enforced in any way.
Thus if not willing to look into this....as it is not 'in their words' 'worth their time (small number of folk involved) ...
So it will be like all things crypto ..it will work..till it doesn't work and there
will be much hand-wringing and wailing of Bitmain ripoff...so I expect a repeat of the Paycoin scam days..only with Bitmain in China and again regulators in China and the USA
not really interested in checking this behavior...Bitmain and Jihan Wu will most likely get away with this shakedown/monopoly/etc and make out like bandits!
But monopolies have consequences..the leading one ...is people will NOT play in that playground anymore...thus I expect more defections to masternodes and
POS coins etc. This will make little difference to Bitmain..especially if NOW they have decided to make "Botique Specialty 1 Coin Miners", where they also
control the crypto-coin being made!
Bitmain: Evil is a calling, not a hobby! (tm: Bitmain)
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With not many, if any?
https://twitter.com/Inno_Miner/status/975915999915421697 Bro, I'd say plenty of non-bitmain scrypt miners hit the market
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Well, in scrypt-pow miners a typical L3+ run used to be 15,000 units, every 10 days or so, that was for each batch...the competitors total batch for the entire run
for 3 months was like 5k or so ..in a lot of instances...thus Bitmain does NOT have competitors for 2 reasons 1) unfair advantage as a monopoly already, so hard
to get a leg up 2) being that big means you can scale up quickly and 3) like in innsilicon's case o4 a scrypt-pow miner from Halong...as soon as your competitor
ships you can gut your prices to kill their small batch shipping and make their whole effort look lame in comparison...then their batch is over you can just kick
out more units and raise the prices...nothing wrong in theroy on how you do this with business UNLESS you are a monopoly and in extreme overkill on all this .which IMHO is true...
Monopolies have LOTS of advantages....thus you will havde less and less chance of 'legit' competition as a threat the longer Bitmain gets away with these stunts
again, look up monopolies, economy of scale, price dumping, and expanding to control the whole market from production thru consumer products...its how a
monopoly rolls ...and in Bitmain's case they do it very, very well...
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wow is this even news?
