Bitcoin Forum
October 20, 2018, 08:00:37 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why is Bitmain so dominant?  (Read 1138 times)
BennyAndDeJets
Newbie
*
Offline Offline

Activity: 41
Merit: 0


View Profile
July 19, 2017, 05:13:00 AM
 #1

Sorry for the dumb question, but I am pretty new to the ASIC scene and it seems to me like Bitmain has the best miners with the most efficient chips by a long shot.  How did this happen and where is the legitimate competition?  Any answers or help are greatly appreciated!
1540022437
Hero Member
*
Offline Offline

Posts: 1540022437

View Profile Personal Message (Offline)

Ignore
1540022437
Reply with quote  #2

1540022437
Report to moderator
1540022437
Hero Member
*
Offline Offline

Posts: 1540022437

View Profile Personal Message (Offline)

Ignore
1540022437
Reply with quote  #2

1540022437
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540022437
Hero Member
*
Offline Offline

Posts: 1540022437

View Profile Personal Message (Offline)

Ignore
1540022437
Reply with quote  #2

1540022437
Report to moderator
DimaPechka
Jr. Member
*
Offline Offline

Activity: 57
Merit: 10


View Profile
July 19, 2017, 01:41:10 PM
 #2

To me, it is all about dominance on the market. No one can get more more reputation than them. They started doing it long before the rivals, so now they get profits for that.
Thetaj
Full Member
***
Offline Offline

Activity: 381
Merit: 108


View Profile
July 19, 2017, 01:48:29 PM
 #3

From buying ASICs from several manufacturers, I'd say the reason why Bitmain is dominant is because they have a robust company. Ordering from them and using their product is actually very good, and they actually have standards compared to other ASIC manufacturers. Not to mention their products are usually vastly superior to the competition
philipma1957
Legendary
*
Offline Offline

Activity: 2254
Merit: 1352


Avalon 841 rocks


View Profile
July 19, 2017, 01:57:02 PM
 #4

Good question.    

Bitfury  may be just as good  but they only sell to big players.

Avalon  is far more reliable  but is less efficient.

So as a buyer  you get to pick the s-9  which breaks fairly often or the 741 which is less efficient but does not break alot.

Or spend more then 1,000,000 usd to get in with bitfury.

Last  group to try to crack this nut  was sp-tech  with their spondollies  and that did not work well at all.


I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Thetaj
Full Member
***
Offline Offline

Activity: 381
Merit: 108


View Profile
July 19, 2017, 02:01:07 PM
 #5

yea.......its hard to compete with established manufacturers like Bitmain. But I do believe there will come a time when a company will eventually give them a run for their money. I might just take several years for that to materialise.

But for the sake of the cryptosphere lets hope thats the case, or else we're looking at a very possible Monopoly
sidehack
Legendary
*
Offline Offline

Activity: 1848
Merit: 1168

Curmudgeonly hardware guy


View Profile
July 19, 2017, 04:18:25 PM
 #6

Bitmain's first real product was a 2J/GH miner, readily available and self-contained, when most everyone else was dealing with 6-10J/GH miners and/or preorder hell. People bought the gear and it was promptly delivered and worked out of the box with better efficiency than just almost everything else, which gave them a huge boost. The fact they don't do pre-orders, they don't take in any money for products that don't already exist (or, worst case, are already designed, tested and slated for manufacture in the very near future) put them ahead of a lot of other outfits with long waiting lists or unreliable gear.

And then when they price-warred Spondoolies out of business with cheaply-built gear it became easier to own the industrial market.

And, as mentioned, they've been able to hang onto their lead because they have the most efficient readily-available chip (I'm sure Bitfury can beat them with an underclock) so people who only care about that, rather than reliability or customer service or much else (so, short-sighted profiteers, or in a word, humans) keep feeding them money in exchange for stuff.

Got a new 28-90GH stick miner!
Currently in development - 100+GH USB stick; 800GH 60W pod; 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
tubexc
Hero Member
*****
Offline Offline

Activity: 501
Merit: 500


View Profile
July 19, 2017, 05:05:43 PM
 #7

Bitmain's first real product was a 2J/GH miner, readily available and self-contained, when most everyone else was dealing with 6-10J/GH miners and/or preorder hell. People bought the gear and it was promptly delivered and worked out of the box with better efficiency than just almost everything else, which gave them a huge boost. The fact they don't do pre-orders, they don't take in any money for products that don't already exist (or, worst case, are already designed, tested and slated for manufacture in the very near future) put them ahead of a lot of other outfits with long waiting lists or unreliable gear.

And then when they price-warred Spondoolies out of business with cheaply-built gear it became easier to own the industrial market.

And, as mentioned, they've been able to hang onto their lead because they have the most efficient readily-available chip (I'm sure Bitfury can beat them with an underclock) so people who only care about that, rather than reliability or customer service or much else (so, short-sighted profiteers, or in a word, humans) keep feeding them money in exchange for stuff.

  That was the big problem of Black Arrow and his good engineering parts of clockwork bitcoin miners.
  But with its high quality and innovation for the time (they are the pioneers of the bitcoin mining industry )
they now would be a serious competitors of Bitmain
sidehack
Legendary
*
Offline Offline

Activity: 1848
Merit: 1168

Curmudgeonly hardware guy


View Profile
July 19, 2017, 06:17:52 PM
 #8

The big problems with BlackArrow were overshooting their efficiency target by about 100% and delivering a year behind schedule, if at all.

Avalon and ASICMiner are really pioneers in the industry. ASICMiner had the first chip, Avalon had the first miner available to consumers. Black Arrow was just a blip on the radar in Butterfly Labs' neighborhood of potentially evil abject failures.

Got a new 28-90GH stick miner!
Currently in development - 100+GH USB stick; 800GH 60W pod; 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
Biffa
Legendary
*
Offline Offline

Activity: 1666
Merit: 1009



View Profile
July 19, 2017, 06:32:56 PM
 #9

The other miner of note at the time was the LKETC Dragon Miner using the Innosilicon A1 ASIC.

I remember having good results from the ones I bought.

Mine at pools that pay transaction fees & don't mine empty blocks :: kanopool :: ckpool ::
:: Dalcore's Crypto Mining H/W Hosting Directory & Reputation ::
TheReamer
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
July 19, 2017, 07:32:35 PM
 #10

it's obvious, they have the most efficient miners so they will always lead. Also first-mover advantage for sure

Curated list of active & quality airdrops. Earn free crypto! http://cutt.us/airdrop
mindrust
Legendary
*
Offline Offline

Activity: 1218
Merit: 1159



View Profile WWW
July 20, 2017, 02:18:21 PM
 #11

In the long term, Canaan Avalon 741's destroy S9's. Canaan miners are more sturdy than the crappy built S9's but sadly Canaan was too late to join the game.

And there is that people who take the numbers on the label more seriously than the build quality of the hardware.

I mean, If you lose 3-4 of 10 S9's in the long term while you got 9/10 741's up and running you actually make more money with the Canaan miners.

**btw 741's are having a discount if I'm not wrong. Its dropped to 714$ which makes it a no brainer deal. Much better choice than s9's now.
https://canaan.io/product/avalonminer-741/
SA Bitcoin Brothers
Member
**
Offline Offline

Activity: 112
Merit: 18


View Profile
July 20, 2017, 02:26:40 PM
 #12

In the long term, Canaan Avalon 741's destroy S9's. Canaan miners are more sturdy than the crappy built S9's but sadly Canaan was too late to join the game.

And there is that people who take the numbers on the label more seriously than the build quality of the hardware.

I mean, If you lose 3-4 of 10 S9's in the long term while you got 9/10 741's up and running you actually make more money with the Canaan miners.

**btw 741's are having a discount if I'm not wrong. Its dropped to 714$ which makes it a no brainer deal. Much better choice than s9's now.
https://canaan.io/product/avalonminer-741/
I hear everyone talk about how unreliable the Antminers is, how many have you guys lost? We have about 20 S9s/T7s/S7s and havent lost one. Are we lucky?
sidehack
Legendary
*
Offline Offline

Activity: 1848
Merit: 1168

Curmudgeonly hardware guy


View Profile
July 20, 2017, 02:40:05 PM
 #13

The las really well-made Bitmain miner was the S3. Right around that point they started realizing people just wanted the cheapest darn thing that they could keep running for at least 6-8 months. The S5 was sorely underbuilt, and then the S7 and S9 really can't be kept alive long with such extreme power density unless you have fairly cold intake air.

Lower heat density means a lot less heat stress on semiconductors and a lot less mechanical stress on fans. Better build quality means a higher cost, but as noted above, anyone looking for any kind of longevity of investment will appreciate reliability over low initial cost. The efficiency/time curve is starting to level off, and as the diff approaches infinity the percent change should taper off, meaning miners now have a substantially longer viable life than a year or two ago.

Got a new 28-90GH stick miner!
Currently in development - 100+GH USB stick; 800GH 60W pod; 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
coin@coin
Legendary
*
Offline Offline

Activity: 1708
Merit: 1000



View Profile
July 21, 2017, 08:00:33 AM
 #14

Bitmain is the biggest Chinese manufacturer and the biggest miners are also in China so it was easy for them to become the top manufacturer.

leowonderful
Legendary
*
Offline Offline

Activity: 1092
Merit: 1022



View Profile
July 21, 2017, 11:02:03 AM
 #15

They got into the mining game early and established themselves well enough to provide a good base for future production of miners. Besides that, Antminer S1 hype got people to buy up most S3s, which helped to further boost sales. Today, this means they have more to spend on R&D (probably) than other mining companies, so much so they can afford to expand to X11 and Litecoin. Fun fact, the Antminer L1 was supposed to come out but it never did for unknown reasons. The page is still on the Bitmain site. It was supposed to be a Scrypt miner.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!