RE:RE:RE:RE:RE:RE:RE:Hive postpone launch of Swedish Data Centre4phuqsakes wrote: So...you must deal with these type of decisions every few years with farm equipment. Sometimes you lease in good times, sometimes you lease in bad times.... Yes I am happy that Hive is preserving capital in a tough environment. But as the day moves on I have more and more questions: 1) 2) 3) earlier post about switch to North America 4) Where are the ASIC miners that were on order September? (Arguably they should have been on the ground by now) Are they on the ground in Sweden? Were they sold? Were they late? Was the order cancelled? When were they cancelled? What was the cancellation cost? 5) Hive has been waiting months for these ASICs and the market has been tight. So WHY does Genesis have a huge block available for sale to Hive? What are the terms? Did Genesis accept or buy out the Hive ASICs? Again, under what terms? 6) Kolos? White elephant?
When they announced intentions early 2018 to mine bitcoin in Sep 2018, that was too long of a lead time with rapidly changing variables in the crypto sector, and was unlikely that the dominant machine at that time (Antminer S9) would be deployed because it was already over two year old technology. Now it is a transitional period where new products from several Bitmain competitors with smaller nanotechnology scale have been announced recently but not yet quite ready for shipping/deployment. S9 has dropped in price from $2000s to maybe $500-600 now? One would be foolish to start a brand new state of the art bitcoin data centre and then stock it with nearly 3 year old technology infrastructure that is on the verge od obscelesence. I think HIVE/Genesis could see this development and agreed to a mutual revision of the original contract to wait out this bitcoin hardware transition period in order to be able to obtain the most current mining hardware.