Ebang has 4th largest ASIC market share yet very low "mind share"; why?

[mrmoee]

So I recently came across a market analysis of ASIC miner manufacturers and was shocked at the fact that Ebang is number 4 on the list with high single digits market share. Why was I shocked? Because I barely hear a thing about their miners. I barely come across posts regarding custom firmware, etc. This particularly stood out to me as I own a few of their miners and have always struggled to find good information regarding them or even custom firmware, etc.

I know that S9s pretty much take up most of the limelight but if we go by the numbers, there is one Ebang miner for every 7-10 Antminers. However, there is probably one Ebang post for every 70-100 Antminer posts. I'm just curious, as pretty much a newb, is this simply because Ebang miners are considered cheap/shitty/not worth the try or is it because it's mostly large farms buying their miners in bulk and pretty much running their own show in the shadows (relative to us)?

Back of the envelope math means there have to be hundreds of thousands of these deployed and that somewhat doesn't jive with the level of attention they get publicly. I just wanted to hear what you guys think about this and any explanations.

Thanks!
M

[Steamtyme]

All I can say is that the numbers are likely accurate and only represent the small selection of manufacturers that produced large amounts of gear. Despite them having absolutely shit hardware with massive failure rates, and shit customer service they pumped out a large amount of gear and presumably produced a couple of NEX-gen miners in late 2018/early 2019 though I don't think anyone ever saw them. Where did you see the listing? How old was it? I'm guessing it looked something like this.

1-Bitmain 2-Canaan 3- Whatsminer 4- Ebit

[philipma1957]

My guess is the info is wrong and that innosilicon made more gear then Ebit.

[Steamtyme]

Shit my bad that's who I was thinking of  . I was assuming this list was older and Whatsminer hadn't broke out yet as a real competitor. Apart from the likes of Bitfury I can't think of who else was even producing gear at the time whatsminer launched their first miners, and earlier.

[Biffa]

They are pretty huge in China I understand.

Data probably coming from this article:

https://news.bitcoin.com/mining-report-highlights-chinas-asic-manufacturing-improvements-and-dominance/

[alani123]

It has to be inaccurate data all around. Data is not comparable, there's no checking on figures, there's no way to know if companies have backround deals for relabeling their units or licensing chip designs... etc. This research might shed some light on who controls what market share but shouldn't be considered reliable. It's very hard to classify the sales of bitcoin mining units when they aren't even considered a specific category from official statistic authorities.

Also worthy of note is the fact that companies don't have to report sales or hashpower and it's easy to label it as somebody else's hashpower if that could serve a purpose at all. I remember back in the day BitFury claiming that they had their own chips, at a mm scale other companies hadn't yet reached. But afaik didn't go on to sell miners to the public imminently and never sold smaller scale units.

[mrmoee]

I actually followed a retweet by "Braiins_Systems" of a post by "MinerUpdate" of the following article:

https://minerupdate.com/news/miner-insights/how-will-the-bitcoin-asic-manufacturer-market-evolve-in-2020

[stompix]

They are pretty huge in China I understand.
Data probably coming from this article:
https://news.bitcoin.com/mining-report-highlights-chinas-asic-manufacturing-improvements-and-dominance/

Other insights from the report show that China accounts for 73% of ASIC manufacturing worldwide, and alongside this, the future of the cloud mining market “is outside of China.” By conducting several interviews and market surveys, the firm believes that it’s able to predict the market share of the top five ASIC manufacturers. Tokeninsight thinks Bitmain will capture 63% of 2020’s market share followed by Microbt (10%), Canaan (18%), Ebang (7%), and others (2%). “The distribution of SHA-256 ASIC mining hardware manufacturers is concentrated, and the top four manufacturers in 2019 accounted for more than 95% of the total market,” the report asserts.

What am I missing here?
No matter how I twist those percentages I can't get 27% for outside of China?

However, there is probably one Ebang post for every 70-100 Antminer posts. I'm just curious, as pretty much a newb, is this simply because Ebang miners are considered cheap/shitty/not worth the try or is it because it's mostly large farms buying their miners in bulk and pretty much running their own show in the shadows (relative to us)?

Something like that!
The norm is 20 posts if you have a miner, about 5 if you own 100 and zero if you have a thousand.