Re: BLOKFORGE- Official Canaan Distributor

$4000 for a 11TH asic miner lmfao. Smoking crack I see. So... more money.. for a product that generates LESS money than the competitors... a year ago. Yea, sure. I'd rather buy up a bunch of 741's than pay $4000 for a miner that is essentially mildly better than the 741.

The mining game has mostly been for the ones that can write off a business expense or worse, launder funds into buying miners. That is why you get those crazy 'never ROI' prices.
They aren't paying straight out of their hard earned pocket money like most people hoping to do here.

With the recent boom in bitcoin price all the old shennanigans are back

So what you're saying, is that those people are doing it "correctly". Write-off the miner expense, duh!

nah it's a bit more underhanded or you wouldn't see these prices.. someone can easily add a few miners as 'servers' as part of $200k budget where it should of only been $150k or less to get the job done. even without mining many people spend way more than what's needed on equipment since it isn't an exact science on capacity rollouts.

Basically creative theft.. I wouldn't bring this up here but all this talk about double the price of ROI makes it come up again

If what you describe is true (which I don't think), then it would be theft, not money laundering or writing off business expenses. Considering how most of the time these companies only accept cryptocurrency or wire transfers I don't see how this would be feasible. I could see over-ordering servers for cryptonight mining, but when you are ordering 150k worth of equipment, then suddenly wiring $50k to China, that raises red flags