Please do!  I've been daydreaming about fpga for alts all week and finally decided to look up whether anyone was actually working on it.  Really excited about this. I have a lot of friends mining with asics and gpus and we HATE giving Bitmain our money.

If you get this product up and running, you'll buy a new house with what we'll order!

It's local governments, and yeah, it's true. I'm not affiliated with Richestlizza, but my mine is pretty close to his and they've been flipping our power off for the past 48 hours or so. This should create some good opportunities. This squeezing will cause some miners to relocate, but it will probably make some others downsize or quit altogether. I'm thinking there will be more machines on the market really soon.

Did you think it was weird that they and Canaan did their events at the same time?  That obviously wasn't an accident, but I can't figure out which one was trying to steal the thunder. My guess is it was ebang messing with Canaan. They just seem way more.... Chinese.

Hey, sorry for the late reply. I picked the Canaan machines because of how much quieter they are than any other machine.  To begin with, I was running the miners in the spare room in my condo and I've got 2 small kids, so sound is a major concern.  Although I'm underwhelmed by their newest offerings, I'd still recommend Canaan products to anyone wanting to mine at home, strictly due to noise.

I'm a sweat equity partner, owning 40% of western distribution of a company you compete with. I get machines to sell at cost, and I suppose if I asked nicely, I could get machines for myself at cost too, but I'm not the kind of guy to ask for a hand out.
I owe you a beer though, next time I'm in Shanghai. When I first decided to get into mining, our mutual friend gave me your wechat and when I found out how badly you were gouging, I went looking for a better option.
I would never have met my partner if I hadn't been forced to drive for hours on a ruuted highway to visit what I thought was a retail outlet, but turned out to be the headquarters of a big mining/reselling outfit. I thought I was meeting the sales guy, but it was the CEO.
So thanks again for being snarky that day.  I'll be in Manitoba mext month setting up a new mine, and it's all because I didn't like the way you do business.

I'm in China, and my partner has a good relationship with ebit. I'm interested in getting 4 or 5 myself. If you want, I could help distribute the machines from within China and save you from getting stuck with the vat on 20 machines.

Disclaimer: I sell miners myself, and run western distribution for one of China's biggest resellers, but in today's market, $4300 is stupid cheap for 18t. You won't get a used s9 that cheap. Probably not even a preorder.

Can you actually get the machine from bitmain, though?  They usually sell out their pre-orders in minutes.  If you've ever wondered why, it's because some people have done enough business with them that they can just make a phone call and pre-order the pre-order, leaving scraps for individual retail buyers. If you wait 3 months for delivery on your miners, it means you've missed out on 3 months of mining.  Pangolin's got a more retail-friendly set up and they release new miners pretty quickly, but you've still only got minutes to get your order in for a machine that's not so great. For that price, why not just find yourself a pair of a6 and not have to wait?

To each their own, but I'd rather pay more and mine today.

I guess you haven't seen the stats on the 841 or the current prices for S9.

Hop on ebay and tell me if you can find an S9 for less than $6000.  Bitcoin going to $20k caused some serious fomo and there are way more buyeras than sellers right now.  Best thing that could happen would be for bitcoin to fall under 10 and stay there for at least a week or two and get some people out of the market.

These machines are probably the most afffordable miners in the world right now.

There's an old saying: everything is worth what its purchaser will pay for it.  I'll happily pay $5000 for an 18th e10 while everyone else is paying $6000 for an s9

Yeah, the prices change every day. I sell miners as a side business, and sometimes I just can't get the machines fast enough. A lot of new people want to get into mining and a lot of big miners want to get bigger.

I can sell new s9 for $5100 including shipping to most countries. That price is based on what I can get them for today. Who knows what price the suppliers will ask for tomorrow.

That's probably accurate. The new a761 and a8 series are supposed to be rolling out in 4-6 weeks (end of January they say, but they're always late).

They're a little underwhelming, honestly. Off the top of my head they're 9ish and 11t respectively.  The new units from Ebit look a lot more exciting. E9++ and E10. The first one is 10nm running at 18t and I dunno about the other one. They're already available for pre-order. I'm getting mine for 32000CNY each.

I've only run Canaan machines up until now, but I'm definitely ready to move up!

They are?  I mean, the company's not called Avalon any more, but I'm enjoying my 741s and I'm looking forward to the 761 which is apparently right around the corner.  If ebang can clean up their production quality a bit, and get power management to a more reasonable level, they'll be a threat, too.

This happens all the time. The difficulty goes up, the price goes up. The price goes up, the difficulty goes up. Hashrate goes up, the price and difficulty both go up.

You don't mine to earn dollars, you mine them to earn bitcoin. Don't pay attention to roi calculators. Just know that you have a machine that makes btc for you and you got it at a set price. You run that machine at a set price, too, but the bitcoin price keeps going up.  Don't worry about what the coins you mine today are worth today. Think about what they might be worth next year.

Hi Louis,

Mining can be profitable anywhere, but Manitoba and Quebec are likely your best bets in Canada. Affordable electricity is paramount in this business.  How much of his setup costs go to actual mining machines depends heavily on site selection and whether the property is leased or purchased and whether the facility is purpose-built or converted from a previous use such as a factory or a server farm.

What a lot of people forget about industrial mining is that the land you purchase and improve is a tangible asset with a re-sale value and there's a huge market for 2nd hand miners.  The Russians have the cheapest power on earth and they buy up used miners by the thousands, sometimes the Chinese will, too. There are definitely opportunities down the line to recoup costs on the initial investment.

My partner and I are looking to open a mine in Manitoba in the next year, so maybe there's an opportunity for co-operation.