Quote from: Mo20 on May 22, 2018, 09:30:19 AM

Quote from: Sandal_Hat on May 22, 2018, 08:22:36 AM

Quote from: shaninium on May 22, 2018, 08:00:25 AM

Quote from: Mo20 on May 21, 2018, 11:34:24 PM

Quote from: Sandal_Hat on May 21, 2018, 09:52:44 PM

Quote from: gauldicus on May 21, 2018, 08:53:34 PM

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.

Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.

Innosilicon and halong have the new Samsung asic chips which are the best at the moment. Thats one reason they charge so much. Bitmain is overdue for their new tech to hit the market. They just seem to be tweaking and overclocking old miners and calling them a new variant. Im sure a lot of people are kicking themselves that they dismissed halong as a scam in the beginning, i sure am.

The dragon T1 works efficiently at around 14th and is only 10% more efficient than an S9 but it costs alot more at around 1500. For 1500, u can get 2 S9 and some money back lol (use coupons).

2 S9s give around 80-90% more hashrate than a dragon T1.
The only time the T1 will be more profitable than 2 S9s is if one T1 makes $20 a month due to being more efficient and each S9 makes say $5 a month. This can only occur if difficulty rises that crazy high. If such a case occurs, u will never ever break even anyways lol.

T1 @ 14th and 10 cents electric = 114 usd profit
2 S9 @ 28 TH and 10 cents = 205 usd profit

The T1 maxes itself out at 10nm while the S9 is at 16nm and can be improved to 10nm, but I hope an S11 never appears lol. Dragon went into an oversupplied market against a competitor that has superior pricing power. Their cost of entry is probably high. Their entry cost being high is a guess from the post they make on the site back then by saying over 30million has been spent to bring the product to the market. I suspect 30m is alot considering canaans FY2017 profit is only 56m and 2017 is a record year for bitcoin.

Just my 2 cents

Well said. People are not going to pay 2x the price for a 10-20% increase in efficiency. T1 is not a competitor with it's Samsung chip, not yet at least.

If an S11 occurs, the S9 could be obsolete or close to obsolete. Lets hope it doesnt...