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Author Topic: Bitmain disgusted  (Read 466 times)
zerocom (OP)
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November 20, 2017, 08:56:38 AM
 #1

After the recent events with Bitmain with miners D3, we want to give voice to Bitmain. Attend many people at the "Bitmain Disgusted"

https://www.facebook.com/groups/bitmaindisgusted/

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cryptotore
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November 20, 2017, 01:34:39 PM
 #2

This is just pathetic, lol!

How about taking responsibility of your own actions?
QuentinA
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November 20, 2017, 02:12:08 PM
 #3

lol, what's your goal ?
You really sought bitmain was gonna sell a machine that does 1 week ROI when ALL their previous machines were calculated for 4-5 monts ROI à 0.1usd/kwh ?

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sidehack
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November 20, 2017, 02:32:09 PM
 #4

Okay, I'm confused. Why is Bitmain disgusted? I'd think they would be quite satisfied while sitting atop a giant pile of everyone else's money.

Cool, quiet and up to 1TH pod miner, on sale now!
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philipma1957
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November 20, 2017, 02:59:31 PM
 #5

Okay, I'm confused. Why is Bitmain disgusted? I'd think they would be quite satisfied while sitting atop a giant pile of everyone else's money.

Yep they must be pretty happy.

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fanatic26
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November 20, 2017, 05:41:55 PM
 #6

Basically people like to blame bitmain for their own bad decisions because they are too cowardly to take responsibility for their mistakes.

Stop buying industrial miners, running them at home, and then complaining about the noise.
Isaac_
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November 20, 2017, 06:08:17 PM
 #7

If you guys want to defend selling any item for whatever price a person would pay, since it's their own responsibility, I understand. In a way you are right.

But personally, I would only sell items with acceptable profit margins. My website for examples, operates at tops 50% profit, and that's before income taxes. This is where the free market really does justice, right now you've got about a handful companies producing miners, if there were 100 companies doing it, they'd have to compete with each other, but they know barely anyone is producing this hardware, so they're holding you by the balls as much as they can. Milking you for how much is possible.
NotFuzzyWarm
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November 20, 2017, 06:25:10 PM
Last edit: November 21, 2017, 01:08:40 AM by NotFuzzyWarm
 #8

If you guys want to defend selling any item for whatever price a person would pay, since it's their own responsibility, I understand. In a way you are right.

But personally, I would only sell items with acceptable profit margins. My website for examples, operates at tops 50% profit, and that's before income taxes. This is where the free market really does justice, right now you've got about a handful companies producing miners, if there were 100 companies doing it, they'd have to compete with each other, but they know barely anyone is producing this hardware, so they're holding you by the balls as much as they can. Milking you for how much is possible.
Never worked in the hardware end of mfg have you?
Typical NET profit is well over 100% depending on the industry and yes, the quality of competition. In my industry (industrial lasers) mfgr markups from material/labor costs are typically over 150% and integrators still can easily charge another 75-100% markup on their costs of equipment bought from the manufacturers to be made into systems for our customers.

How do we 'get away' with it? Easy. Our systems generate massive profits for our customers. Same as mining can.

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sidehack
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November 20, 2017, 07:21:29 PM
 #9

Okay dang, I need to up my prices quite a bit then.

Cool, quiet and up to 1TH pod miner, on sale now!
Currently in development - 200+GH USB stick; 6TH volt-adjustable S1/3/5 upgrade kit
Server PSU interface boards and cables. USB and small-scale miners. Hardware hosting, advice and odd-jobs. Supporting the home miner community since 2013 - http://www.gekkoscience.com
VentMine
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November 20, 2017, 11:57:08 PM
 #10

Okay dang, I need to up my prices quite a bit then.

+1

You and your team do good work

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NotFuzzyWarm
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November 21, 2017, 01:06:35 AM
Last edit: November 22, 2017, 01:29:57 AM by NotFuzzyWarm
 #11

Okay dang, I need to up my prices quite a bit then.
Truth be told - if at all possible yes you do!

What limits you of course is your scale of production. Even with the automation you have the amount of hands-touching things vs units produced is still very high simply because the market is not (easily) there to take the next step. If with several x more sales then you run afoul of pricing from Avalon and Buttmain unless you can nail the proverbial niche Home Miner market assuming BitFury comes through with chips.

As you know there IS a sizeable niche Home market but by BiteMe and Canaan standards really too small to properly target. Folks WILL pay a premium for a truly quiet and moderately power hungry miner. It just needs to be designed for that from day-1 - just as you are working on. By necessity they of course will have to be Limited Editions Wink

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome!  3NtFuzyWREGoDHWeMczeJzxFZpiLAFJXYr
 -Sole remaining active Primary developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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