Post
Topic
Board Group buys
Re: buying hardware seems so complicated
by
erk
on 29/11/2013, 13:16:39 UTC
hi everyone

i want to get my hands on any hardware - bulk - group buys whatever... it just seems so complicated. trying to chase up the resellers, they're in business one second out the next.

Who is in the UK and sells mining equipment in bulk?

I've had about 30 tabs open trying to find out the last few hours...
That's because it is complicated. The ASIC chips are over priced and have to be made or aquired in bulk that means you need a lot of cash upfront hence the group buys.

A whole bunch of ASIC vendors have sprung up essentially with no money for R&D so they get crowd funded with pre-orders that have to wait for months. Most other industries don't work like this. I don't think it's a good thing, because normally to get venture capital you need to present a strong management team and business plan. The pre-order caper bypasses this quality assurance, as we have already seen, you end up with many dodgy ASIC vendors.