I am thinking of ordering multiple M20S from pangolinminer.com. Anyone has any experience ordering from the website? It says that the shipout is late August and beginning of September but I am worried about the actual delivery date, since each day of delay means a huge loss on my side.
That is really hard to answer.
But here goes I have order from them multiple times.
I would rate them as a B+ would have been an A-
But they have been slow with my m20s demo.
They were fast with 7 m10 orders.
Here is the deal asic sellers that are not crooked give better service when margins are tight for miners. The give worse service when times are really good for miners.The reason is pretty simple selling gear when btc is 3200 back in dec of 2018 is really hard, but selling gear now in June of 2019 is pretty easy when coins are 8500 and the gear is more efficient then ever.When I purchased my m20s coins were 4200 and I paid 0.50 btc coins are hot that same coin now is worth 8500. So buy and Hold I would have 2x my value while I wait for the gear.
So if you buy 4 machines right now it is 10201 usd or 1.20 btc
you need to be able to analyze your risks.
First off pay with a bank transfer or newly purchased coins. There is a sound reason for this. It will allow for hedging your risk.
So lets say you order the 4 with coins purchased today at 8500 price point. 1.20 btc for the 4 units.
first risk is they never send the gear. they have an okay track record so maybe it is not that high of a risk.
second risk they are slow. Aug to Sept means a 60 day window. This allows them to have a 60 free hedge zone. this is not to your advantage.
if coins shoot up to 10k or 11k or 12k they will not rush to ship and hit the late date sept 28 or so
if coins tank to 5k they will send a bit early say aug 10 so you like them and may still buy more gear because you have a killer power deal.
You as a miner have some defenses against all of the above.
can you do the move below
a spend the 1.2 btc you purchased and get the 4 units.
b buy 1.2 btc hodl it
c put 10200 usd and hold it use it to buy coins if they drop down to 7500 6500 5500 4500 spend 25% at the 7500 level and so on.
if you can do all 3 above it cost 30,600 usd. and you have leveled the price risk out via a proper hedge technique.
It is not that costly to lower the risk somewhat.
But all of the above assumes you have cheap power and can deal with heat and noise of the gear.
Most of us don't hedge and get burned by guessing wrong.
I do not hedge like I just described above.
But I have 650 th online with 260th in future orders my hedge is to buy from multiple companies and also use some brokers paying paypal.
My way I never make a perfect score but I never get crushed by 1 bad deal.
I have :
1 t15 due next week used a broker paid paypal. Most people do not get to do paypal as they are not trusted
1 m20s demo due next week it is about 25 days late I paid in 0.50 in purchased btc for it.
2 or 3 a1041's coming
1 inno t3t 39 due in july I paid .20 in purchased btc for it
I used coins valued at 8700 there was a price drop in coins to 8200 right after I paid for it I purchased .216 coins for the same amount.
so I am 0.016 btc ahead already on the inno deal
you may consider that move if you buy the m20s at 8500 and coins drop to 8000
