Post
Topic
Board Hardware
Re: ANTMINER S5: 1155GH(+OverClock Potential), In Stock $0.319/GH & 0.51W/GH
by
dogie
on 08/07/2015, 23:02:17 UTC
The difference was Spondoolies were selling at a horrific loss, which isn't good for anyone.
... except for your current benefactor, which killed Spondoolies off by undercutting them on price, and then started price-raping customers when they became the only game left in town, amirite ?
So you're saying its Bitmain's fault that Spondoolies got it wrong with the SP20 and chose to sell them off at a significant loss in order to generate cash?
Yes. I believe Bitmain's price manipulation was a contributing factor that resulted in SPTech selling their SP20's at a loss.

... I was in part the one deciding prices for the S5, it tracked the SP20 and didn't lead it. Every price decrease was initiated by Spondoolies as they wanted to sell out fast rather than for a sensible price. They also appeared to have 100s and 100s and 100s in stock at one time which isn't compatible with their no self mining model.