Bitmain Miners are not designed well

[DashingAgent]

I found that so called Bitmain miners are not designed well, they consume more energy and give you less rewards, I have an idea which if could be applied then the ratio of mining reward could be increased by upto 1000% by consuming the same energy.

If I give that idea to any company who make miners then I will not get anything in response, therefor I think I should launch an ICO to establish a company which can make miners in the same cost, but I don't know the further procedure and also I am not sure if the ICO can raise enough funds as it require $2 billion investment at-least, so what do you suggest me that should what I do ?

[milewilda]

You mean Bitmain? Holy smokes! you are trying to compete with them? Why would directly need $2B investment.
Just create a single prototype that would show a miner will having that 1000% efficiency compared to their current miners.
On that it would be enough for people to fund you up. lol

[DashingAgent]

You mean Bitmain? Holy smokes! you are trying to compete with them? Why would directly need $2B investment.
Just create a single prototype that would show a miner will having that 1000% efficiency compared to their current miners.
On that it would be enough for people to fund you up. lol

Explain please what do you mean by prototype ? do you mean that I should reveal the secrets that how it is made ? and then companies try to build these miners ? I am not stupid.

[milewilda]

You mean Bitmain? Holy smokes! you are trying to compete with them? Why would directly need $2B investment.
Just create a single prototype that would show a miner will having that 1000% efficiency compared to their current miners.
On that it would be enough for people to fund you up. lol

Explain please what do you mean by prototype ? do you mean that I should reveal the secrets that how it is made ? and then companies try to build these miners ? I am not stupid.

I mean,you dont need have billions of money to create one.Why not took a loan and create that single miner of yours? For sure it wont cost million of dollars of expense.A several hundreds would do because no investor would tend to give funding into such so-called great ideas in mind.

[DashingAgent]

You mean Bitmain? Holy smokes! you are trying to compete with them? Why would directly need $2B investment.
Just create a single prototype that would show a miner will having that 1000% efficiency compared to their current miners.
On that it would be enough for people to fund you up. lol

Explain please what do you mean by prototype ? do you mean that I should reveal the secrets that how it is made ? and then companies try to build these miners ? I am not stupid.

I mean,you dont need have billions of money to create one.Why not took a loan and create that single miner of yours? For sure it wont cost million of dollars of expense.A several hundreds would do because no investor would tend to give funding into such so-called great ideas in mind.

If you can make a miner by spending a few hundred then why you purchase from bitmain by paying them $4K+

[stfN2128]

You mean Bitmain? Holy smokes! you are trying to compete with them? Why would directly need $2B investment.
Just create a single prototype that would show a miner will having that 1000% efficiency compared to their current miners.
On that it would be enough for people to fund you up. lol

do you know how expensive it is to create a printed circuit board for asic miners? if you are really sure you know it will work, why you dont apply for a patent? than you can contact mining firms or make a kickstarter project..

[pixie85]

You want to compete with the biggest company out there. I'd wish you luck but if you are asking us to tell you how to do it you aren't going to do well.

If you have an idea first design the miner and build a single working prototype. If you do you have to travel a lot presenting this prototype and hope to get investors. A good place to start would be bitcoin conferences. Maybe some big miners would prefer to finance your prototype instead of buying overpriced bitmains.

[confreslamp]

It does not matter what design they have, people are buying their miners like crazy and in the most cases they are sold out within several days. You can try, but I would not recommend to start your protect where you have almost a monopoly running.