Post
Topic
Board Mining (Altcoins)
Merits 1 from 1 user
Re: ALLMINE INC - FPGA Cryptominer
by
d.v.
on 10/06/2018, 14:23:55 UTC
⭐ Merited by vapourminer (1)
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
Well, that simple matter is called https://en.wikipedia.org/wiki/Letter_of_credit . People routinely have been paying that way for importing the produce that haven't even grown yet. I feel weird explaining to the highly educated people what I learned as a kid from the bazaar fruit importer.

Companies do not spin up $20M worth of product on extremely limited supply chains on letters of credit. I had to front it, and I can’t front it through August with no concept of demand numbers. This was not a profit taking venture, I’m trying very hard to make sure these cards make it into the community without price gouging that was about to happen.

With out that effort, they would have continued to produce small batches and introduced heavy lead times and price increases. I took the risk off them, everyone here benefits. Simple as that.

I agree with you, but in turn, buyers take a bigger risk with little concept of expectation.  I had to dig deep to get what I now feel is my expectation.  Not saying that it's wrong, just the way it is.

I definitely understand. Let me know what I can do to help anyone feel comfortable.

My opinion is that anything in the crypto space is a risk; and sometimes a lot of risk. Even this venture with FPGAs is very risky. Some have already commented that a bunch of us is trusting two faceless forum handles with our money to deliver on nothing more than their words. Of course, GPUHoarder and senseless have done their very best to ease our speculations and that's awesome. It is up to each of us individually to do our own homework, ask questions, and research this technology (and the people behind it) and come up with a personal decision based on our own risk tolerance (as well as our wallets) on whether or not this is worth the risk.

As with anything new, there is always risk and when it comes to crypto, always remember: only play with money you're wiling to lose or don't play at all

On a side note, I'm already in for 2 units and possibly a 3rd if the paypal fiasco irons out... and if these units become paper weights then I've got no one to blame but myself however I believe in this technology and the potential of where it will go so I'm in this for the long run. Look at how the Antminer Z9 Mini saga has been running... you want to talk risk, go see how that's progressing with price and FUD against the equihash network, plus a 50k-sols-miner was just announced by Innosilicon a couple days ago for $10k... all those people with pre-orders for Z9 Minis are shaking their heads (me included) but that's how the game is played.

In short, pay to play and if you lose, don't complain. *grabbing popcorn and enjoying the show*