I get people who reach out to me all the time trying to sell small amounts of miners, and the market is too rough for us to be able to offer them anything for it. I will definitely refer people over here for those types of P2P sales. I think they will find it attractive

Hey I appreciate it and might participate there at some point. I'm not wanting to post stuff in the territory because I work for a compliant company that is not a respecter or promoter of the Agora, but I love what you're doing

The newer 21 generation miners are profitable. Depending on what difficulty and price does, it's not guaranteed. Older 19 series miners not so much. All of this changes if and when the price runs up.

When you are mining in the bull market, it becomes extremely profitable. I would love to discuss more, and I kind of assume I'll try to talk you out of it if you reach out because it's going to be more difficult for smaller scale miners to be successful going forward.

You have the ability to with the larger deployment strategy. We are open to it, but it's not standard to do so. Typically, when hosts shut down miners, it just means they mine themselves with it and don't bill the customer.

We have to hit power targets so it's really not ideal. I wouldn't count on us doing it for smaller deployments.

The key is working with people who have reputations. It doesn't guarantee a good experience but definitely lowers the chances of a bad one.

Yeah you generally don't know how durable or good a model will be until it's ran for a year. How long the lifetime of the equipment is completely unknown. Estimating failure rates is incredibly difficult because it depends largely on environment, but also quality.

A good portion of the world doesn't have the repair infrastructure the US has. The warranty is pretty much useless in most countries, which requires sending units back to China/US to get repaired which makes it really difficult unless you are operating at scale and can do repairs yourself.

Mining is a major headache

People take all sorts of risks all the time, largely due to not understanding the market. People are generally only willing to take the risk if the price seems attractive enough.

The main risk people take on in the bull is overpaying for equipment in general, and getting in bad power contracts.

Hit me up if you want miners!

How's it going so far?

Is there a lot of discussion about mining on here? I haven't been super active

Where would America send its trash miners to if it wasn't for Venezuela?

Yeah it's really unfortunate where we're at, and how there is a general lack of concern around it.

A lot of things are going to become clearer this next cycle as more money gets involved.

It's easy to point a finger at Bitmain as the bad guy, and historically they have been, but the reality here is that the problem isn't them as a company, but the geographic centralization of chip/computer production.

The alternatives to Bitmain are Micro BT and Canaan, which do not produce as competitive hardware, and are still located in China. Until someone starts producing miners outside of China, there's not any viable alternative.

There are different manufacturers attempting to do things, but until they actually ship miners in masse that are competitive with Bitmain miners, there's not really a path forward.

A lot of Bitcoiner's look at mining from a idealistic perspective, and unfortunately ideals don't have the power to change things at this moment, when if you make decisions based on ideology, you get wrecked economically.

If Kaboomracks stopped selling Bitmain equipment, or tried to push other manufacturers that the majority of the market doesn't want, we likely would not be able to survive as a company.

I personally want to see Bitcoin succeed and think things like hardware centralization is a problem that isn't talked about enough, which is why I talk about it. But I also want to be accurate and programatic about the solutions.

We are constantly talking with different manufacturers who are trying to compete with Bitmain, but until they bring a good product to market, it's just vaporware.

I'm not too familiar with the economics. One of the biggest cloud mining platforms is called Bitfufu, which is affiliated with Bitmain in some way.

I imagine the way it works is that they sell the hash rate for more than they would've earned mining. They have hash rate on standby, mining themselves until someone buys it.

It's important that production is geographically spread out from a network security standpoint in my opinion. Totally agree, seeing the development around the MDK is really cool

Yeah I think it's highly likely there will be companies that compete with Bitmain at some point. Things are going to get really interesting as tensions continue to build between the US and China.

There are more and more attempts to make miners in the US, and I think someone will be able to do it right.

In order for them to be able to compete, they will need to produce at a similar if not lower cost, make quality hardware, and be able to produce machines at a similar efficiency.

I don't consider a manufacturer real until they start actually shipping machines, so I'm skeptical of newer manufacturers, but I have hope that at least one of them will be able to be competitive in the next 4 years.