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Author Topic: So let me get this right...  (Read 1355 times)
Bendex
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April 03, 2013, 02:09:00 PM
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So last year a few companies came up with plans for ASIC miners, but didn't have the money to develope them, so they asked you guys to fund them in the form of pre orders. Some months later, right about the time they were supposed to deliver the ASIC hardware to you, 3 new miners coincidentally came out of nowhere and took over 60% of the market. Does that about sum it up?

Mind you, I'm taking the "3 new miners take 60% of the market" part off a news story that I saw, so correct me if I'm wrong.
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April 03, 2013, 02:14:56 PM
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So last year a few companies came up with plans for ASIC miners, but didn't have the money to develope them, so they asked you guys to fund them in the form of pre orders. Some months later, right about the time they were supposed to deliver the ASIC hardware to you, 3 new miners coincidentally came out of nowhere and took over 60% of the market. Does that about sum it up?

Mind you, I'm taking the "3 new miners take 60% of the market" part off a news story that I saw, so correct me if I'm wrong.

Two new Miners and no not out of nowhere , but at least 4 Months later. Avalon Asic took pre-orders too, and Asicminer sold shares to reach a sum large enough to develop some chips.

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April 03, 2013, 03:00:12 PM
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So last year a few companies came up with plans for ASIC miners, but didn't have the money to develope them, so they asked you guys to fund them in the form of pre orders. Some months later, right about the time they were supposed to deliver the ASIC hardware to you, 3 new miners coincidentally came out of nowhere and took over 60% of the market. Does that about sum it up?

Mind you, I'm taking the "3 new miners take 60% of the market" part off a news story that I saw, so correct me if I'm wrong.

Please link your source if you are going to ask about it.  Also, this question should be in "Mining Speculation".


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April 03, 2013, 06:17:49 PM
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Poorly written question.

ASIC makers took preorder money to fund their products. One folded completely, one had massive repeated delays, the other two are rolling out their products as expected. Asicminer has 6 - 12 Th out there? And Avalon has shipped their first 20 Th with it arriving seemingly at random, but coming up steadily. The price of bitcoin almost certainly bringing the existing 25 Th up a bit, the existing 50 - 60 Th is more or less accounted for thusly.
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