Quote from: ruthbabe on March 15, 2018, 09:40:39 PM

Quote from: Prelude on March 15, 2018, 07:44:22 AM

Quote from: Neo-Geo on March 15, 2018, 07:29:09 AM

China Mining Co. Bitmain Shows Higher 2017 Profits Than US GPU Giant Nvidia, Report Finds
https://cointelegraph.com/news/china-mining-co-bitmain-shows-higher-2017-profits-than-us-gpu-giant-nvidia-report-finds

Big markup = big profits. Would probably be < $100/day by delivery. This has to be the riskiest ASIC offering to date. Shall we flip a coin before ordering?

This is going to make some AMD cards more affordable tho. Glad we bought Nvidia only.

Guess you haven't been paying attention... There will be nothing to mine with these CN ASICs. Monero is switch algo, along with other CN coins. They'll be completely useless.

Yes, you're right. And if that happens the biggest problem for those who buy it is how to recover their loss as they can't make any refund even a single cent of their $11999.

Quote

There are financial risks associated with mining cryptocurrencies. These risks can be related to changes in exchange rate of the cryptocurrency or to changes in the algorithm that is used to mine the cryptocurrency. Please deliberate well before making a purchase because we will not accept any requests for refund for orders of this batch.

Not only that - at THOSE prices, what if something happens during shipment? What if you never get the shipment at all? Mistakes become major mistakes at $12K each.