Post
Topic
Board Mining speculation
Re: Considering to start solo mining, thoughts?
by
RoadStress
on 09/06/2014, 22:20:57 UTC
It doesn't matter what my or anyones guess is. We are in the era of in stock hardware where you don't need to guess or buy a high tech magic crystal ball to not get ripped off.

Also none of those guesses were mine. They were estimations made by FC which were subject to change. They never sold preorders so not hitting specs/dates is not a problem because as investors we agree to take those risks. It is simply bullshit to put all the risks of the investors on the "customers" and give them none of the reward that the actual investors get.

Don't judge by the past failed companies ran by crooks (BFL) or just bad intended people (TerraHash, HashFail etc) with SP-Tech who is ran by top 2 Israeli VC companies. It's a totally different story.

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Well they did sell ~5PH worth of hardware (at 40 sp10/day) and I'm guessing they made a profit of ~$2/gh average so they should have plenty of money.

How exactly do preorders benefit the customers at all?

2$/GH profit? So that means that an SP10 that has 1450GH makes them $2900 profit? But it was sold for less than that. How can they have such a profit if they sold it for less than $2900? Your calculations are way way off.


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Difference is you earn a hefty % of each sale where as I earn next to nothing per sale. I have nothing to gain by convincing individual people to buy rxboxes. The petahash mines are what will affect my dividends and naturally those whales will gravitate towards the best deals regardless of what I have to say.

Hefty? Again you are talking without knowing just like you did with their profit. Please define hefty. You like to assume a lot of things. Maybe I will disclose my %, but remember that I'm giving away 2% of the total hashrate sold. You may gain close to nothing per sale, but in the long run you benefit too from their sales so let's not ignore it.