S7 @ 3.1BTC shipping 5 days after payment recieved is fool's gold!
Shipping from stock at what was at the time a price cut smacks of a clearance sale. The significance of that clearance by bitmain may simply be undermining a competitor or clearing space for the next generation BM chip. Either way, with the network diff they have to recoup as much as possible from their stocks before they become worthless.
I think the price is more a reflection of how much BTC has risen in value, rather than any fire sale. S7 have some way to run yet. Even with the Difficulty rises we are seeing and the halving still the best value for money miner on the market at the moment.
Rich
This. The price went from $1600 to 3.1BTC (~$1350), which is like 20% less.
the next difficulty increase looks to be around 15%. and they apparently are caught up to pre-orders so can sell as fast as they produce.
totaly reasonable IMO. at >3.8BTC for a batch 7 it was a simple no-go for me. At 3.1BTc i was happy to pull the trigger on a single unit to try out, and might follow up with a few more
Except that their site is down. Every time BTC goes above $420, the site seems to go down. I know because I wanted to buy while prices were above $430 (and at for a moment, they were $440), but the site was down. I was hoping the price for a miner would cost less BTC, even though USD it's the same.
I don't sell coins. Instead, I reinvest in mining equipment.