Quote from: Sandler73 on October 31, 2014, 11:23:51 AM

Quote from: dmz241 on October 31, 2014, 05:51:38 AM

Quote from: Sandler73 on October 31, 2014, 02:01:14 AM

Quote from: DiCE1904 on October 31, 2014, 01:37:42 AM

Lol Sandler73 , its business bro bitmain makes miners to sell

Yes I know it is business. I would just like to see some of the reasoning behind feeding and empowering one of the principal competitors.

Well I dought bitmain cloud mining service is a competitor of gaw. Bitmain mines with its hardware before selling it to consumers. The recent drop in hashnest power may be attributed to the shipment of s4 by bitmain. But thats just my theory. So basically they mined with hardware that was preordered by others. And now others can get in the game. Bitmain will defiantly be working on the manufacturing the next power efficient miners instead of now just working on s4s.

I think you might be on the wrong forum. This is for HASHNEST. Currently, HASHNEST is comprised of the Snowball.io cloud and farm acquisition (slowly being converted over ) and UMISOO. UMISOO has been identified as a set of S2 farms that were acquired by BITMAINTECH, in the effort to establish a marketable cloud platform to interested parties. The pool that you are referring to in your post is ANTPOOL. That has been previously identified by BITMAINTECH as its premine pool for new equipment. That pool in no way is tied to this pool. To believe that BITMAINTECH premining and selling equipment off would directly correlate to a drop in this pools hash rate is a false assumption. Unless of course BITMAINTECH/HASHNEST was not entirely upfront with the establishment of the UMISOO farms and hash rate. While that should not correlate to the overall hash rate on HASHNEST, BITMAINTECH is still the owner which ties back to my original question....how is building up a competitor a fiscally sound idea? BITMAINTECH has openly acknowledged that for large customers it provides equipment at a more wholesale rather than retail premium price. So the company likely did not make as much off of the gear as it would have should it have sold to smaller parties. Based on GAW's statements in relation to the contract confirmation, it would seem that GAW got the 5PH/S for much cheaper than most expectations. If you read the link from my original post about it, you will see that GAW personnel and posters are essentially gloating about the fact that they were able to use their weight to negotiate a very very favorable deal from the side of GAW.

aBIG + 1 for those clarifications. it's look's like there"s a lot of confusion on many people minds. i have to explain that too often... so thanx again Wink