Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
eiliant
on 10/10/2013, 03:29:57 UTC
On the flipside, how many Chinese can actually afford these miners?
Are you joking? Don't you watch any financial news? The Chinese economy is off the hook. They do have taken all the manufacturing that countries like USA used to do. The Chinese are cash rich. They have sh!t tonnes of cash to spend.



Their great trade surplus doesn't mean their people are well off.  The majority work for pennies on the dollar when manufacturing stuff for the rest of the world.

Check out Shanghai or Beijing sometime. Or just google downtown of anyone of these two, and repeat that again. And note that while they are two cities, there's tens of millions of people in each. Not to mention Hong Kong, Shen Zhen, or other big tier two cities.

Trust me, while the majority might be working for pennies on the dollar (in tier three cities mind you), there is absolutely no shortages of rich people in China.

(Edit: Though I just checked, its closer to 6k for a Nov Jupiter for China KNC due to tax and whatnot. However the hype machine is even crazier there)