They priced it almost as the last batch probably because BTC went up slightly. They are trying to get every single dollar they can.
Yup. Bitmain is consistent where it comes to profit...
I have a very bad feeling about the S9. Based on recent releases, it will certainly be overpriced. And as the dominant force in mining hardware,
everyone and his mother is going to buy S9s so the difficulty is going to skyrocket. It will be the S7 all over again, only worse because of the halving.
With the overpriced S7 the only saving grace was that BTC doubled in price. Assuming a similarly overpriced S9 that also creams the difficulty like crazy, then this time BTC will have to quadruple due to the halving just to keep up.
Yes, Bitcoin has been going up a lot recently and that's good. But if your mining profit is absolutely dependent on the price going up dramatically, then why buy overpriced hardware and fund Bitmain's further dominance?
It's a bummer, but unless things go differently this time I'm probably out of the Bitcoin mining game. I'll just keep what I've been doing, namely buying BTC over time (using Bitwage because I'm lazy) and hanging on to old Scrypt ASICs just to keep my hand in.
Not that my behavior matters. For every one of me there are plenty of others who are desperate to own magic money making machines, against all odds or sense.
It is not what it used to be. The margins were better for,the little guy.
I am a little guy but the solar array does give me cheap power.
Just not as much as I want.
Yeah I see,one,or,two,s-9s in the,future of the array. But I may not rush to,buy,them.
Not much,fun,to,be,a miner,of btc.
ETH coin may keep things going for,a while I wonder if it will keep going for a few months or for a year or more.