If I spent $11 999 on a X3 I would be pissed.
Halong Mining just launched X1 and X2 (equiveland to Bitmain X3) and then presto, X3 batch for now $1 900. Just shows the markup they put on and oh boy what a cryptonight ASIC war brewing.
Halong, Bitmain and then Baikal but they are taking a HUGE beating full on blows as they cannot come remotely close to the others.
I don't think any of them will sell enough to shake the market this is just to affect each others profit margins a clear tit for tat.
Problem is there are too many asic manufacturers. No winner here as asic manufacturers earn less and miners will not earn much either. That is the problem with excess capacity.
After all, there are only so many coins to be earned. This is an arms race.
Yup a "race to the bottom".