Vociferous (OP)
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February 18, 2016, 10:49:48 AM |
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Surely, if they could make a breakthrough and come up with an invention, they would become over night millionaires, just from the home miners market. As the big companies are dominating, it's made the target sales from home miners grow. If it was profitable, home miners would be ripping the hands off the inventer!
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LoyceV
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February 18, 2016, 11:03:49 AM |
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If it's profitable, sales go up, difficulty goes up, and ROI takes more than a year. The whole mining business is a race against the competition. In the end, it takes more computating power to find the next block, while by design on average only one block is found every 10 minutes. So you can never guarantee ROI to be a year.
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crazyivan
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February 18, 2016, 12:46:12 PM |
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Surely, if they could make a breakthrough and come up with an invention, they would become over night millionaires, just from the home miners market. As the big companies are dominating, it's made the target sales from home miners grow. If it was profitable, home miners would be ripping the hands off the inventer!
If someone would design that kind of miner, they would not sell it you or me so I do not see the point of this discussion.
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Pk880058
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February 18, 2016, 02:00:06 PM |
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Surely, if they could make a breakthrough and come up with an invention, they would become over night millionaires, just from the home miners market. As the big companies are dominating, it's made the target sales from home miners grow. If it was profitable, home miners would be ripping the hands off the inventer!
If someone would design that kind of miner, they would not sell it you or me so I do not see the point of this discussion. Perfectly said , when a person design like this miner and he certifies that this miner will give break through very soon, then first person will be himself to mine with that design , why will be give to others, if he is giving others then 99% that will be scam not the perfect design.
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Vociferous (OP)
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February 18, 2016, 04:14:14 PM |
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His design might be open to copies. But so does every major company, like Apple for instance. I'm sure the hypothetical inventer would make more money selling units than mining with his invention.
If you see no point in this discussion then don't discuss on it!
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Raimonn
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February 18, 2016, 05:59:27 PM |
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Isn't easy to do. It don't depends on your design, you can design a miner that in theory will have a Roi of one year with today diff or with the diff that you expect. But if another company develops a better minner diff could be higher than your prediction and you will not have a positive roi. And another think that you have to know is that the same miner will have a better Roi on china (or other countries will low electricity prices) than on countries with higher electricity cost.
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nichu
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February 18, 2016, 07:17:42 PM |
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the main issue with building a perfect ASIC machine with the so called ROI is not a simple process and that is the fact,ASIC development and manufacture is infact a very expensive process. if you could shell out that then you can design and experiment with it.
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Amph
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February 21, 2016, 07:33:24 AM |
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then there is no point in selling it, are you aware that all miners can actually profit in much less time even with the diff, but they release them to the pubblic way ahead of their true launch time
this is the reason why nobody will ever roi unless he is sitting on a miraculous cheap electricity
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SFR10
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February 21, 2016, 07:38:37 AM |
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Well I wouldn't be surprised that there might be some inventors in which have what your saying but rest assured they will use it for their own sake until they get the maximum profit and would release it only when the profit is less so as result, again longer ROI and less profit for us.
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QuintLeo
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February 21, 2016, 07:59:51 AM |
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The main issue with the "design a miner" concept is CHIP AVAILABILITY.
Designing custom ASIC to do cryptocoin mining is NOT cheap, and none of the current chip makers are selling chips at all unless you come up with a rather large up-front amount of cash to buy them (of those willing to sell AT ALL).
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-ck
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February 21, 2016, 08:15:34 AM |
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Why would you R&D something and then sell it for less money than it could earn if you just kept it yourself? It's no coincidence that mining hardware manufacturers choose the price point just above what the miner will earn in its useful lifetime. ASICminer were the first to sell to the public doing this and everyone else followed suit since it's such an ideal business model. Of course I've been warning people of this for years but people still don't see it...
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philipma1957
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February 21, 2016, 01:12:29 PM |
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Why would you R&D something and then sell it for less money than it could earn if you just kept it yourself? It's no coincidence that mining hardware manufacturers choose the price point just above what the miner will earn in its useful lifetime. ASICminer were the first to sell to the public doing this and everyone else followed suit since it's such an ideal business model. Of course I've been warning people of this for years but people still don't see it...
Us donkey's like chasing the carrot.
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notlist3d
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February 21, 2016, 01:48:03 PM |
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Why would you R&D something and then sell it for less money than it could earn if you just kept it yourself? It's no coincidence that mining hardware manufacturers choose the price point just above what the miner will earn in its useful lifetime. ASICminer were the first to sell to the public doing this and everyone else followed suit since it's such an ideal business model. Of course I've been warning people of this for years but people still don't see it...
Us donkey's like chasing the carrot. Everryonce in a while we get a price war... have been vary few of them. SP20 went at S5's prices and drove price down. After selling SP claimed to lose money at the final price (not sure I believe it). But there have been a few unique times. But I agree sadly 3 month ROI's are dead. It seems a lot of sellers base off lifetime earnings, just look at S7 how fast they can drop profit when difficulty changes. This shows crazy profits on a lot of batches. Or I think so at least.
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rektDude
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February 21, 2016, 07:33:34 PM |
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Why would you R&D something and then sell it for less money than it could earn if you just kept it yourself? It's no coincidence that mining hardware manufacturers choose the price point just above what the miner will earn in its useful lifetime. ASICminer were the first to sell to the public doing this and everyone else followed suit since it's such an ideal business model. Of course I've been warning people of this for years but people still don't see it...
Us donkey's like chasing the carrot. Everryonce in a while we get a price war... have been vary few of them. SP20 went at S5's prices and drove price down. After selling SP claimed to lose money at the final price (not sure I believe it). But there have been a few unique times. But I agree sadly 3 month ROI's are dead. It seems a lot of sellers base off lifetime earnings, just look at S7 how fast they can drop profit when difficulty changes. This shows crazy profits on a lot of batches. Or I think so at least. What you say is already happening. All big mninig companies already are alread in some kind of 'war'. Pretending to offer the lowest prices but in fact we know that all of them are just making profit from us.
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Dalkore
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February 21, 2016, 08:03:56 PM |
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His design might be open to copies. But so does every major company, like Apple for instance. I'm sure the hypothetical inventer would make more money selling units than mining with his invention.
If you see no point in this discussion then don't discuss on it!
Bitcoin is a fixed supply currency so you logic is a little off. The person would make much more just mining themselves because they would only need to support their own operation, not others. There is not point to this discussion because you point counter basic human nature for the most part, people are self-interested and to moderate amounts that is a good thing and is why we see so much progress in the world. What you want to talk about is utopias that don't exist. You could in fact design a chip that is better than anyone else and sell it to the public but I figure once you started looking what it will take, you may understand better the points being presented. Proof positive is the fact that all chip makers have their own mining operation and mine more than they sell.
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notlist3d
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February 21, 2016, 08:17:36 PM |
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Why would you R&D something and then sell it for less money than it could earn if you just kept it yourself? It's no coincidence that mining hardware manufacturers choose the price point just above what the miner will earn in its useful lifetime. ASICminer were the first to sell to the public doing this and everyone else followed suit since it's such an ideal business model. Of course I've been warning people of this for years but people still don't see it...
Us donkey's like chasing the carrot. Everryonce in a while we get a price war... have been vary few of them. SP20 went at S5's prices and drove price down. After selling SP claimed to lose money at the final price (not sure I believe it). But there have been a few unique times. But I agree sadly 3 month ROI's are dead. It seems a lot of sellers base off lifetime earnings, just look at S7 how fast they can drop profit when difficulty changes. This shows crazy profits on a lot of batches. Or I think so at least. What you say is already happening. All big mninig companies already are alread in some kind of 'war'. Pretending to offer the lowest prices but in fact we know that all of them are just making profit from us. this is nothing new though it always has been companies at war for the best chip. You have the best chip... you get the big buisness the huge data centers. That is where the big money is at. Home/hobby mining can provide profit's to but it's data centers that as a company you really want adaption. And can't blame them for it. Look from the beginning on asics there is always a push to a new better chip. This will always happen as long as there is financial gain for it. There are winners and losers. And if you lose... it can be big we have fewer and fewer companies it seems to me.
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