It's official! Innosilicon Grin G32 GPU ASIC Miner Pre Order Cancellation

[italianMiner72]

[badbart]

For some strange reason theirs 459.50 KGps of power hashing grin32 right now, lol.  What a scum bag move, just reinforces the idea of never pre ordering. 
 

[adaseb]

They really should proof read or at least spell check their texts before writing such an email or notice. It makes the company look bad when its full of spelling mistakes.

Either way, its good that people are getting refunds.... however

Will the refunds be fair or will they pull another one of those scenarios where they only refund in BTC since the price of BTC went down when pre-orders were taken or refunds in fiat since BTC went up since pre-orders were taken. I know that in the past some ASIC manufacteurs got some heat due to this practise, especially during the bull markets of 2012-2013.

[Metroid]

i guess they decided that it was not the time to sell them to idiots, they will keep using for themselves, this reinforces that a crypto moon pump move is in the works. They will sell everything they have when they think the market will be in hehell dump stage. So get ready trolls, it seems bitcoin at 50k and eth at 5k is just around the corner and when it happens, it happens, so fast hehe

[sech1]

For some strange reason theirs 459.50 KGps of power hashing grin32 right now, lol.  What a scum bag move, just reinforces the idea of never pre ordering. 
 

No one is mining it, there's zero C32 blocks here: https://grinscan.net/
This is just difficulty set by GRIN protocol on C32 now, read more to understand: https://github.com/Lolliedieb/lolMiner-releases/wiki/All-you-need-to-know-about-Grin-difficulty,-C29,-C31-fade-out-and-C32

[italianMiner72]

For some strange reason theirs 459.50 KGps of power hashing grin32 right now, lol.  What a scum bag move, just reinforces the idea of never pre ordering.  
 

This is really interesting.
Where did you read this data?
I need to look in to and understand better

[italianMiner72]

i guess they decided that it was not the time to sell them to idiots, they will keep using for themselves, this reinforces that a crypto moon pump move is in the works. They will sell everything they have when they think the market will be in hehell dump stage. So get ready trolls, it seems bitcoin at 50k and eth at 5k is just around the corner and when it happens, it happens, so fast hehe

This could be a real cool read about the current crypto market situation!
I really hope yours read could be right!

[lunobird]

ya this is quite bullish news actually.

I remember when bitmain would not sell there s9 to customers for over a year so they can mine it all to themselves and get huge gains.  This generally forces those miners to grow some balls and buy some coins instead. Bitmain and Inno actually doing you guys a favor by forcing you to buy in on the coins to pump the price instead of trying to mine it like a nerd and always finishing last place.

Thank you inno and bitmain. Please keep mining for yourself. These dumb miners don't know any better.

[Marvell2]

ya this is quite bullish news actually.

I remember when bitmain would not sell there s9 to customers for over a year so they can mine it all to themselves and get huge gains.  This generally forces those miners to grow some balls and buy some coins instead. Bitmain and Inno actually doing you guys a favor by buying in on the coins to pump the price instead of trying to mine it like a nerd and always finishing last place.

Thank you inno and bitmain. Please keep mining for yourself. These dumb miners don't know any better.

haha this is so true , i get it if you’re mining on gear thats old but u have to be a dumb or rich? to buy hardware to mine coins that are already at 1/5 or more of thier highs

[badbart]

For some strange reason theirs 459.50 KGps of power hashing grin32 right now, lol.  What a scum bag move, just reinforces the idea of never pre ordering. 
 

No one is mining it, there's zero C32 blocks here: https://grinscan.net/
This is just difficulty set by GRIN protocol on C32 now, read more to understand: https://github.com/Lolliedieb/lolMiner-releases/wiki/All-you-need-to-know-about-Grin-difficulty,-C29,-C31-fade-out-and-C32

wow, interesting.  Antway to mine g32 on a gpu?

[Hueristic]

For some strange reason theirs 459.50 KGps of power hashing grin32 right now, lol.  What a scum bag move, just reinforces the idea of never pre ordering.  
 

No one is mining it, there's zero C32 blocks here: https://grinscan.net/
This is just difficulty set by GRIN protocol on C32 now, read more to understand: https://github.com/Lolliedieb/lolMiner-releases/wiki/All-you-need-to-know-about-Grin-difficulty,-C29,-C31-fade-out-and-C32

This really is a great read and you all should read it if you haven't already.

https://github.com/Lolliedieb/lolMiner-releases/wiki/All-you-need-to-know-about-Grin-difficulty,-C29,-C31-fade-out-and-C32

The Grin C31 fade out has started - or will very soon (from Jan 15th 2020). Recently I get a lot of questions about this and how this affects C31 mining. Many people are concerned about "will my rewards on that now be lower" or "should I switch to C29 or C32 instead" and similar thoughts. This is why I decided to write this article about what is behind the fade out and the implication for miners.

tl;dr: As long as no one starts mining C32 seriously your are fine to continue as well and nothing will harm your rewards. Then consider a switch to C32.