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Author Topic: Why don't hardware companies educate people away from Bitmain  (Read 99 times)
Steamtyme
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August 12, 2018, 04:04:17 PM
Merited by gentlemand (1)
 #1

I was recently wondering why more hardware companies haven't tried every method possible to cut down on Bitmain profits. This idea is a passive way companies could still reduce new miners from joining Bitmain associated pools. At this point in time the impact may be negligible, but the associated costs of this idea are also minimal. I can't speak for all companies but I know Canaan included a little thank you/setup card with purchases; but I feel it was a wasted opportunity.

If from the beginning those cards included an educational blurb about the importance of miner/transaction fees as well as pool fees; they could have steered people in a better(IMO) direction. I know that when I started mining I spent a lot of time giving away my BTC on a particular pool that was flashy and ran promotions that made me think I was ahead. I thought I had done enough research, but had the welcome card placed a simple example there I may have seen the light sooner.

I read that sometime this year Antpool, has one payout version that included transaction fees, but with a high pool fee. With that still being a downside an informed miner may look explore their options. I'm not expecting any manufacturer to outright endorse a particular pool, that's up to them.  It just struck me as something lacking from current hardware packages.

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minefarmbuy
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August 12, 2018, 05:01:12 PM
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Why spend resource combating when you could be enhancing your own. Also manufacturers count on an uneducated consumer, to just mine where they're told. Your asic already is being "cheated" by having a default pool inputted and running at start up. If you're a novice it may take you awhile to set up on a pool, log into the UI, change the miner pool settings, etc. I've bought used asics that weren't reset and mined for a while for someone else.

If anything the question you pose is the reason resources like bitcointalk are here. To connect, help, learn and discover any interest with Bitcoin or cryptocurrencies. Imagine not having this forum to reference or ask questions. 

Steamtyme
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August 16, 2018, 01:55:54 AM
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^^

All the new hardware I've purchased had some card or information pamphlet. So the extra resources here are minimal, probably something like 2 cents a sheet.

Perhaps my point wasn't clear, it does not benefit any manufacturer not running there own pool to have an "uneducated consumer" find there way to a Bitmain controlled pool. These manufacturers do not benefit by someone using their hardware to mine on a direct competitors pool. I say this because Bitmain makes hardware, this is where they compete directly, but Bitmain also profits from miners who flock there and don't realize they are giving them Miner fees as a bonus.

While you are right about Bitcointalk being a great resource, it could be a few weeks or longer before someone wades through the opinions to find a useful post explaining why Miner fees are so important.

I've bought used asics that weren't reset and mined for a while for someone else.

I wish I had sold you all my used hardware. Wink

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