Quote from: mikeywith on Today at 01:11:22 AM

17,000+ S19s might sound like the end of the world but it's merely 1.615EH or 1.3% of the current hashrate, yes Core Scentific are not the only host who bought a dozen of these gears, and yes there are a dozen of newbies who have no clue about anything and they keep buying expensive gears that don't make profit,

Yeah, I know it's not much,

Quote from: stompix on June 29, 2020, 02:41:17 PM

Assuming they are S19Pro, as I doubt they bought normal s19s with no discount it's around ~ 42 million but I assume they spend way less since they probably got a hefty discount. Nevertheless, as high as it might seem currently the whole farm will make for around 1.5% of the hashrate.

for my worst-case scenario of insanity, we would need another 30 like them..
But, they are indeed one of many, and a lot of those companies sit on a pile of cash with almost nothing real to spend on, you are a blockchain company you have 170 million from investors, what do you do? By Macs for the crew, a fancy office, you have to invest in something that you can actually show to the investors.

Quote from: mikeywith on Today at 01:11:22 AM

the reason is the fact that they have so much money which most likely is the result of their proper planning or in the worst case scnerio - they would hire a proffesinal who would make business plans for them.

Wow, interestingly that you mentioned this, actually the reason I went, how can you call it, bullish on the hashrate?
I recently got word about a business plan for a mining farm, I can't give details as my friend already breached the terms disclosing it to me but at one point in the study, they showed labeled as something like (I have to reword this a bit as I said) "maximum numbers of players on the market" where they took the daily reward, multiply it by the price of a kWh (they used 3.5Ecents), then showed how many miners would be able to run while not losing money.
As you can assume, the conclusion was...insane!!! They estimated there is a place on the market for almost 3 times more players !!!!
This is why I mentioned this possibility. There are companies that have money to burn, there are companies that lie to them with bs studies and there are greedy manufactures that would sell anything with fake advertisements.

Quote from: mikeywith on Today at 01:11:22 AM

Of course as I mentioned my speculation is based on the fact that most people use common sense, but even if the majority were plain stupid, those who have more brain cells will be able to kick those with less brain cells out of the game because by the end of the day you can only lose so much before you give up.

Well, I hope I am wrong, a total collapse with companies having 40-50% of the hasrate and shutting down going bankrupt and with extra gear lying around at scrap metal place is nothing I want to experience.