Post
Topic
Board Hardware
Re: ANTMINER S4 2TH/s, Batch 1 on Sale this week, shipping before Sept. Ends
by
Count_Frackula
on 17/09/2014, 16:42:51 UTC
You idiots should stop funding Chinese mining farm.... seriously you think you can beat them?

For every S4 sold, it will fund 5x S4s for their farm.


Bullshit.

I don't believe for a second that Bitmaintech is making a huge profit on every miner they sell. Guy from Spondoolies, who knows a heck of a lot more about other manufacturer costs than you do, said that Bitmaintech's margins are very, very low in the post below.

https://bitcointalk.org/index.php?topic=521520.msg8516387#msg8516387

A bit of simple math proves that he is correct. A S3 currently sells at .58 BTC, which is ~$264 at the current BTC price of $455. Bitmain has non recurring costs for engineering and development, labor costs for assembly, facility overhead costs, material costs, taxes, and shipping costs. After everything is said and done, I would be surprised if they make a 10% profit on each S3 sold.

Bitmain is making their money by selling a lot of miners with a really low profit on each one.

They are like the Walmart of BTC miners. I have bought dozens of Bitmain's miners. Never had issues with any of them, knock on wood.

That's just insulting.  That implies that they make crappy products at cheap prices.  Maybe the Amazon of BTC miners is a better analogy.