Quote from: Flying Hellfish on December 26, 2017, 04:24:55 PM

Quote from: polltroy on December 26, 2017, 02:52:22 PM

so basically bitmain, avalon etc are all big scam business? taking money from "retail" miners while the only ones who can make profit are the few who cobtrol the few asci miners?

only way to have a chance to earn on mining is by gpu as this is not controlled market?

Scam is a pretty strong word for it. I don't think anywhere in my post did I say or imply they are doing anything illegal.

Selling money machines to wide eyed newbs in full FOMO mode at the highest price they can, I don't believe that's illegal anywhere. It can be looked at from a business POV as taking advantage of extremely favorable market conditions. Selling retail will allow them to put a multiple of machines online for themselves FREE and months ahead of retail miners. Again not sure where that is illegal. NO ONE is forced to buy their product.

It is literally economics 101, in a free market supply and demand will set the price. In this market we have the manufactures don't need insiders trading info, the have a demand supply ratio skew in their favor as high as 10 to 1. This is what professional sales people DREAM about. Life as a sales exec is easy, profits soar and you look like a genius as a sales exec when your demand exceeds supply by magnitudes..

No they're not scams they're smart legitimate business' taking advantage of extremely favorable market conditions. Any business would do the same.

In principle, I agree with your comments, it's basic economics. It's a seller market.

Making their products available only in one (crypto) currency is however a move that has irritated most of their online buyers, and may bite them back in the future, when more options become available.