Odd, I don't see S9 in stock on Bitmain on a consistent all the time basis, which WOULD indicate overcapacity.
They're STILL selling out every one they can make.
The ONLY units they're not selling out on are those old "relabled S7" things that are UNPROFITABLE for most folks because of their low efficiency by current standards.
Dude, it used to be that it takes 3 months to receive an antminer S9. They have not been able to sell for the last 2 months, that is why u can now order and received them in 2 weeks. It is very much in stock. Out of stock means u cannot even place an order. In the past, any new batch of S9s get announced on twitter and are sold out in 10 mins.
They are also selling the V9 which are new S7s, for cheap. Apparently some ppl can make some profit with them.
https://bitcointalk.org/index.php?topic=3077083.0 -Take a look. Even big mining farms with 5000 antminers S9s in canada which has cheap electricity are trying to cash out out.
U can find users selling used miners as low as 0.06 btc and some selling new S9s at 1000 USD at marketplace
https://bitcointalk.org/index.php?board=75.0 ...among other things.
If btc suddenly rise to 20k right now, the bitcoin holders make 150% profit. Bitcoin difficulty will rise very quickly since new miners can be bought and be received in 2 weeks now. Even if u mine to hold, one 14TH S9 mines only 0.0305 btc right now per month. And it gets lower as difficulty rises.
(Moderator's note: This post was edited by frodocooper to remove multiple nested quotes.)