Quote from: jermwerty on September 15, 2016, 06:02:12 PM

Quote from: philipma1957 on September 15, 2016, 04:10:51 PM

The btc game has become a game of what do you pay for power?

A new s9 at 1540 + 60 to ship is 1600 usd if you are blessed with 3 cent power

and you can get 12.93th using 1400 watts

you will earn 500 usd in 1 one year with the machine still in hand.

that is a good deal if you have a good warranty.

look at projections for 4% growth and 3% growth in both cases if you have 3 cent power you make good money in a year.

phillip -

While I would normally agree with that assessment, the problem is Bitmain can drop the floor out of the market any time and sell the miners for $500 each, then the resulting flood of new hashpower and a few 12% jumps tend to kill that 3-4% average.

See: Avalon Classic Batch 3, S7 Batch 1/2/3/4, etc

yes of course they can do that.

It goes without saying they could sell these s9's at 800 usd and the diff can be made to jump from 225 to 250 to 300 to 400.

They have full and total control of the market in terms of gear and they can dictate which way to play the game.
Slow supply high price is what I prefer them to do.
My cheap power has about 15kwatt cap. So high priced s9's work for me.
As an aside it also helps my in house gpu miners.

There is a downside to flooding market with cheap s9's it drives up their cost of self mining.

Let pick a ph for bitmaintech self mining 120ph of s'9s at 3 cent power .

so look what happens if bitmaintech keeps growth at 8% and at 3%

on day 380 at 8% profit is 427,000
on day 380 at 3% profit is 1,255,000

they need new gear if growth is 8% and power is 3 cents.

they need not switch out gear if growth is 3% and power is 3 cents.

they control diff growth right now since they can sell cheaper.

but they have 0 need to sell cheap.

they are far far far far better off with high price.

and if they give the one year warranty they can sell at high price.

if you look you will see I used 500 as the price for an s9 since I think they can build one and install it in their mines for 500.