philipma1957 (OP)
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'The right to privacy matters'
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November 05, 2018, 03:55:24 AM Last edit: June 13, 2019, 11:59:37 PM by philipma1957 Merited by suchmoon (4), frodocooper (2) |
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pool.ckpool.org:3333 16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr x https://www.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJrstratum+tcp://sha256.usa.nicehash.com:3334 https://coingeek.com/bitmain-losing-chip-supplier-debts-mounting/I have heard other rumors. I do not Have much info. We have heard from multiple sources close to Bitcoin mining manufacturer Bitmain that the company is no longer receiving chips from its chief supplier Taiwan Semiconductor Manufacturing Company TSMC.
Bitmain’s account with TSMC is reportedly in arrears to the tune of over $300 million. Bitmain owed TSMC $1 billion but could only manage to pay $700 million and is unable to pay the remaining debts.
This news comes just two months after market research firm Sanford C. Bernstein & Co published a report suggesting the Chinese ASIC manufacturer’s prospects were so dire that TSMC should abandon favourable credit terms with Bitmain.
from the link above. Damn could it be true!
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Steamtyme
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November 05, 2018, 04:31:09 AM |
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Interesting read. Hard to tell how much truth there is to it. I know there have been the rumors of a failed chip design, I think you mentioned something about a second even.
Phil weren't you able to check a couple wallet balances you were pretty sure were bitmain wallets? Be interesting to see what theh have in BTC reserves.
I got a nice chuckle unrelated to the article - the note at the end clarifying BCH as the true vision of bitcoin.
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minefarmbuy
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We are not retail.
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November 05, 2018, 05:51:38 AM Merited by frodocooper (1) |
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Well, we'll have to pull our S11 pre orders. . . oh wait.. .
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yrk1957
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November 05, 2018, 09:17:17 AM Last edit: November 06, 2018, 12:20:35 AM by frodocooper |
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That maybe would explain why they were out of stock for Z9s for a while, in spite of them being the most profitable miners they were selling. While it’s back in stock for the big Z9, the Z9 mini has vanished from product pages. Edit: Fake news maybe? - https://twitter.com/nishantsharma87/status/1059324737837584389
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crypto_curious
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November 05, 2018, 11:16:21 PM |
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Jihan Wu is getting what he deserved. He owe a lot to crypto community. Years of extortion prices and abuse. Bitcoin Cash deal and working against community. Maybe justice is getting to him finally!
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minefarmbuy
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We are not retail.
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November 06, 2018, 02:45:32 AM |
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qctechno_isback
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November 06, 2018, 02:49:48 AM |
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S15 and T15 ... all the S10-11-12-13-14 went to trash ?
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philipma1957 (OP)
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November 06, 2018, 03:09:15 AM |
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but is it a long preorder? Hate to send in coin and wait for 2 or 3 months to get one.
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minefarmbuy
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November 06, 2018, 03:11:37 AM |
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Inspecting their page I couldn't find anything, then I'm not that good at it. I imagine it will be a pre order of some sort, just hope it isn't that long. S15 and T15 so two models next in series I imagine.
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NotFuzzyWarm
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November 06, 2018, 02:52:34 PM Last edit: November 07, 2018, 12:03:38 AM by frodocooper |
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Jihan Wu is getting what he deserved. He owe a lot to crypto community. Years of extortion prices and abuse. Bitcoin Cash deal and working against community. Maybe justice is getting to him finally!
Only thing I disagree with is "Years of extortion prices and abuse". It's called Free Market and BM just charged what the market would bear. No one held a gun to peoples heads to make them buy their miners so there is nothing wrong with that at all. If you have a problem with BM then don't buy their miners. I stopped buying Ants and moved to Avalons when BM tried to force Bit CH on us and have never looked back. If BM and other miner makers charged rock-bottom prices from day-1 and in turn sold even more miners can you imagine where diff would be today?
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fanatic26_
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November 06, 2018, 04:14:40 PM Last edit: November 07, 2018, 12:03:52 AM by frodocooper |
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Only thing I disagree with is "Years of extortion prices and abuse". It's called Free Market and BM just charged what the market would bear. No one held a gun to peoples heads to make them buy their miners so there is nothing wrong with that at all. If you have a problem with BM then don't buy their miners. I stopped buying Ants and moved to Avalons when BM tried to force BitCH on us and have never looked back.
If BM and other miner makers charged rock-bottom prices from day-1 and in turn sold even more miners can you imagine where diff would be today?
Quoted for truth. Bitmain has always priced their miners based off ROI, as has Canaan and others.
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sidehack
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Curmudgeonly hardware guy
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November 06, 2018, 05:20:50 PM |
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Like when they price-warred Spondoolies into bankruptcy and then upped the price of their S5 by 40% the next day "just because". What about the time they changed the S7 design from a 0.26J/GH miner to a 0.30J/GH miner with lower overall cost and reliability but the same price tag and didn't change the advertising numbers? And also built it with inherent undervolting for efficiency but didn't put that option in any public-release firmware (though very likely did in-house)?
Definitely not abusing the community.
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QuintLeo
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November 06, 2018, 09:01:23 PM Last edit: November 07, 2018, 12:05:01 AM by frodocooper |
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Interesting read. Hard to tell how much truth there is to it. I know there have been the rumors of a failed chip design, I think you mentioned something about a second even.
It's been fairly widely reported that Bitmain had "risk chip failures" on at least one 7/10nm design - but no details on if it was the design that failed or the process.
S15 and T15 ... all the S10-11-12-13-14 went to trash ?
Even model numbers were traditionally "server size" designs - and haven't been done for a long while. I suspect the S13 was the intended model that they had failures on their "risk dies" order(s).
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I'm no longer legendary just in my own mind! Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin) 1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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Steamtyme
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November 06, 2018, 10:11:15 PM Last edit: November 07, 2018, 12:06:32 AM by frodocooper |
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Thanks for doing the address thing again Phil. Definitely not as bright and shiny as last year but who knows how many wallets they have. I could see all this BCH drama and work to prop it up as having cost them quite a bit. It's funny that on one side there are the stories of impending bankruptcy, and on the other there is the launch of the new product line. Almost smells like a big old PR stunt. Agent they preparing for an IPO or something right now. So even if half the news is speculation about money problems as long as they can show they are not broke it's not harmful. ... but no details on if it was the design that failed or the process.
Just wondering if it's the design that's on Bitmain, if it's in the process does that fall under the foundry to eat the cost?
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philipma1957 (OP)
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November 06, 2018, 11:58:27 PM Last edit: November 07, 2018, 12:07:23 AM by frodocooper |
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Thanks for doing the address thing again Phil. Definitely not as bright and shiny as last year but who knows how many wallets they have. I could see all this BCH drama and work to prop it up as having cost them quite a bit.
It's funny that on one side there are the stories of impending bankruptcy, and on the other there is the launch of the new product line.
Almost smells like a big old PR stunt. Agent they preparing for an IPO or something right now. So even if half the news is speculation about money problems as long as they can show they are not broke it's not harmful.
[...]
I would think contracts vary. Bitmain has had a lot of chips burned to wafers by that foundry. So I would think they could ask for more than some other companies.
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mikeywith
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be constructive or S.T.F.U
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November 07, 2018, 12:31:27 AM Last edit: November 07, 2018, 12:42:15 AM by frodocooper |
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these were bitmain hodlings a couple months ago, BCH is almost at the same rate from the date of their leaked IPO documents March 31 that looks like a huge chunk of coins. of course assuming they still have all of them which i doubt. I think the S15 sales will determine that next position of where bitmain will stand. and what is more important is the overall market situation. should we see another bull run soon, i think bitmain will survive at least by selling what ever worthless asics they are stuck with " assuming they will become profitable if prices should go up" . if we stay in bear market for couple more months. then it may be a fair-well to bitmain.
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philipma1957 (OP)
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November 07, 2018, 01:03:28 AM Last edit: November 07, 2018, 01:06:28 AM by frodocooper |
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these were bitmain hodlings a couple months ago, BCH is almost at the same rate from the date of their leaked IPO documents March 31 https://i.imgur.com/yaMTaqU.jpgthat looks like a huge chunk of coins. of course assuming they still have all of them which i doubt. I think the S15 sales will determine that next position of where bitmain will stand. and what is more important is the overall market situation. should we see another bull run soon, i think bitmain will survive at least by selling what ever worthless asics they are stuck with " assuming they will become profitable if prices should go up" . if we stay in bear market for couple more months. then it may be a fair-well to bitmain. yeah it is interesting to see what will happen. I wonder if they will do a longer preorder on the 8th or gear will be a fast release. (very important) A 6 week wait or longer on the new gear and the info floating around against them could man they are in trouble. A fast ship and decent gear could mean they will right the ship. And a long bear market will hurt them.
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NotFuzzyWarm
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November 07, 2018, 02:33:58 PM Last edit: November 07, 2018, 09:16:49 PM by frodocooper |
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Just wondering if it's the design that's on Bitmain, if it's in the process does that fall under the foundry to eat the cost?
New product and process runs are a collaboration between customer and Foundry. Foundries set an initial cost the customer pays regardless of where defects occur.
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