10 sats \ 0 replies \ @KaboomracksAlex OP 9 Apr \ parent \ on: AMA: I work at a company called Kaboomracks selling Bitcoin miners AMA
At least 3
Look at the pricing on our website. A good portion of the industry uses it as a reference point for their pricing
Yeah there were definitely a few companies in Kazakhstan that I heard had issues. Hosting is tough as it is. Why take on more risk?
This is a great topic and post. I like Ocean, and have spent a lot of time talking with their team.
The reality is they are a new mining pool and have a lot to prove. Luke has experience running a pool in the past, which gives it a bit more credibility, as well as some of the people involved. I have known Bitcoin Mechanic for years and appreciate him.
Kaboomracks has some hashrate with Ocean right now.
The reality is that mining pools are not very transparent and Ocean is offering something very different than everyone else in the industry and I find that really interesting. There is a possibility as we go into the halving that some FPPS pools have financial issues based on their payout model. FPPS has been super popular in the bear market because of having variable rewards can be problematic for larger miners with bigger bills.
I think different pools will be more valuable to different miners depending on their offerings, and it's important for miners to evaluate their needs.
My favorite part about Ocean as well as no need to sign up. I wish that was more of a standard.
Bitmain and Micro BT both have water cooled miners. Bitmain has been making them since the S9. They are slowly growing in popularity but air cooled is still dominating.
Sometimes there is no second step and you should just stick with a S9.
A lot of people are doing interesting things with the S19 series by running the units with one hashboard on 120v with the Loki kit as well as using aftermarket fans to make their machines quiet. If you want to tinker and spend money on expensive fans and doo dads, this is the next step
One part of the company culture is making customers whole if things go wrong. A lot of people don't have the means or willingness to take care of the customer.
Also we have been around for a long time (for this industry) and have a good track record of taking care of people. There are going to be so many people who get rugged by other sellers this upcoming bull market.
Hosting is difficult. It can be done well, and it can be done poorly. I think they expanded way too much in the bull market and should've only sold space they had. There are some people over there that I enjoy and interact with from time to time.
It's really important for people deploying into hosting to know that there is a ton of execution risk and that it's generally easier to just buy Bitcoin.
I have a much higher confidence in Japan than Canada. The only thing Canadians know how to build are igloos.
For the company?
We are going to grow dramatically over the bull market. In the bear market we have added site buildout and hosting to our portfolio of offerings. Prior to this, we primarily focused on selling mining hardware.
I see us expanding our warehousing outside of only Arizona at some point allowing us to arbitrage rising shipping costs and port disasters.