Quote from: Mhash pipe on July 01, 2013, 02:54:49 PM

Quote from: kendog77 on July 01, 2013, 01:27:05 PM

ASICMiner is in the position they are in right now because their competition is so incompetent. I doubt they will be able to maintain so much domination of the Bitcoin network into next year as competition comes online, so current shareholders should take note regarding the current bubble like share prices...

In order to have a strong, decentralized Bitcoin network we should all root for Avalon, BFL, KncMiner, and BitFury to actually deliver ASICs in quantity before the end of the year.

When you refer to the competition, you're not just referring to other manufacturers, but everyone else mining. That includes me... I am competing with ASICminer.

I have no chance even to come close to leveling the playing field. My only hope is to pay some seriously inflated preorder price and pray that I receive something.

If I just buy a blade or whatever from ASICminer at their inflated price, they can reinvest that money into more equipment. Everytime someone buys something from ASICminer, they are probably able to replace whatever unit they sold with 10x more units. In effect, you are just giving your money to your own competitor and strengthening them. You are damning yourself and everyone else.

They are dictating the market as they see fit. Sure, you could say that they are doing the right thing or are trustworthy, but the fact of the matter is that they can do what they wish, and I'd rather not have an entity with that kind of power. The blanket statement "they are transparent and doing the right thing" has also been applied to many centralized governments. For those of you who have forgotten, this is the reason bitcoin exists.

They are monopolizing both mining equipment and hashrate. You have a 1/3 chance that recently mined bitcoins you buy are being generated by them. They are squeezing the profits from everyone except themselves... This is a serious problem. Remember, as a decentralized collection of miners, we are the bank. We are the market... With one entity controlling 30%, there is too much influence.

I agree with much of what you said, but no-one is forcing anyone to buy overpriced mining hardware from ASICMiner. Sometimes, the most prudent thing to do is either buy BTC directly or simply save fiat and wait for a better opportunity.

I can't really blame ASICMiner for ripping people off if folks are dumb enough to overpay.

Overpaying ASICMiner for mining hardware just because they are shipping now is a terrible option.