Hi everyone ,
I am just hoping all this ruckus settles a bit so that I can chalk out a new strategy. I understand Bitmain is not responsible for BTC price being high or low although as the largest manufacturer in that space they do have an impact indirectly. I wish everyone the best and would be hoping to return to some normalcy .
For those who are continuing to dump their HashNest S9 capacities ; hold on and don't get desperate ; this may just play out fine after the L3+ capacities on HashNest run out , Segwit on Litecoin is activated and price of BTC sets a new solid baseline. I personally think this will recover, what are your thoughts guys ?
Never forget that if you're taking the LTC route to making BTC ; there can be many many pitfalls in between . You might just find a few months down the road that LTC mining is not profitable at all , who knows !!
The S9 price was too high at 11k sat. That was like $2k per miner. Even at today's price it's still more expensive than the S9 hardware Bitmain is selling right now, but a small premium is not unusual.
Of course many dumped when an alternative showed up, this happened with S5 when S7 showed up on Hashnest, probably with S7->S9 too, I don't recall.
L3+ on Hashnest is overpriced too but it carries a time premium since the next batch of hardware is 2-3 months away. As for the risks - I would guess that a lot of Hashnest S9 owners made quite a bit of money on the S9 and may have a skewed perception of risk with the L3+. They might be looking at the 3% maintenance fee and feeling greedy.