Anyone know about this? I can’t make any sense of the resale value of an S19 110 terahash (currently about $20K) when the same $ in gpu’s pays 5X daily (and that is at SCALPER rates for gpu’s). If you want bitcoin out of your gpu swap currency daily. Yet – $20K is indeed the going rate at the moment.
Of course the msrp of an S19 is something more like $5K I believe. The catch is that in addition to being forced to order I think $1.6M minimum order size now – you don’t get product for many months.
Do firms putting in multimillion dollar orders with Bitmain pay full in advance and lose the use of their capital for six months? If so their opportunity cost is huge.
If they only put down 10-20 percent deposits I could understand.