Quote from: JessicaG on June 28, 2016, 12:53:07 PM

Quote from: biggbox on June 28, 2016, 12:09:02 PM

What has S9 hashes got to do with decentralizing? The chinese have already controlled half the mining market. Are there more sinister reasons for their statement?

In my opinion, it's actually a good statement. Antpool already controls like ~1/4 of the total network. Any S9's on the Hashnest market would only enlarge Antpool's share, since everything on Hashnest is pointed towards mining on Antpool.

So if they would incorporate S9's on Hashnest right now, they would be moving more towards centralizing rather than decentralizing. So shipping off S9's outside of Bitmain's influence, is a rather good thing when it comes to (de)centralizing

Quote from: turdminer on June 28, 2016, 05:07:52 PM

Quote from: lechatelier on June 28, 2016, 04:21:09 PM

Their "efforts" of decentralization are bullshit. If they really wanted to point hashpower away from Antpool, why were the first few batches set up to go to Antpool directly? Why did Kano from Kano CKPool say that when set up with any other pool than Antpool, S9 machines would send jibberish random code that would cause trouble in the system? At first, it seemed like you had no choice but to mine with Antpool until Kano fixed the issue.

If you really think they care about decentralization then you're kidding yourself.

Here's what's really happening: They already have hundreds of S9 machines set up in China - but not for their cloudmining service Hashnest, no. They have them set up for themselves, mining in the BW pool. BW pool is part of Bitmain just as Antpool is part of Bitmain, they use the different pools to disguise their true hashpower - and to disguise they have already started using S9s themselves. Haven't you noticed the ridiculous increase in BW hashpower of the past months?

That's just the most profitable thing for them to do. Right now, you can make a decent amount of coins with S9s so why sell them on? They're just waiting for the S7 market to crash so everyone invested loses their money. Once that happens and S9s aren't as profitable anymore, they will just transfer the already used machines to their cloud mining operation and offer them for full price to the customers - and they're none the wiser. It's a win-win for Bitmain: They get to use the machines in the juicy first few months and then sell them on for full price once they've became less profitable. And there's proof for them already selling on used S9 machines to customers. How would a brand new S9 appear to be used if it was just released? How? Obviously because it was used for mining already - just google for this issue or look on the forum, there's hard evidence for this happening right now.

Bitmain doesn't deliver brand new hardware anymore, they use it themselves first. All of the "batches" being released right now are just sub-par or faulty machines that had already been running in China for months. When you buy at Bitmain, you buy second hand. Getting a machine that actually works, doesn't overheat and delivers hashpower in the realm of what was promised is a fucking gamble.

Bitmain are just being greedy fucks at this point. They have the machines set up to mine for themselves but withhold them from customers who had previously funded all of their R&D by buying inferior S3, S5 or S7 machines. They're basically going the KnC/Bitfury way, happily taking your money as long as it suits their needs but also withholding any new technologies funded by your money as long as it's profitable for them.

Shame on Bitmain, what they're doing is basically a big scam.

logical conclusion, i wouldn't be surprised if this were 100% true. probably goes deeper than that, but sadly this is the most legit cloudmining scam out there. i see they still have the "luckyhash" raffle that was supposed to run for a limited time, they must be making a killing on that considering recent BTC prices, they offer S7 at the shop for $450 and raffle them for 1 BTC/$650~ , but yeah even the most honest company wouldnt resist using those S9s right now...very shameful if this is the case.

I am a little doubtful when the chinese are concerned with decentralising or subscribe to those ideological tenets.

With experience in Asian societies, i believe they are more interested in maximizing profits and their own self interest.