Before I forget29 Sep 2021 02:39
I know PW isn’t getting good press at the moment. I guess that’s the best deal he could get with the IPO, so I’m going to move on and start from this much lower point.
Anyway, I listened to some crypto experts and miners on one of these Twitter panels that keep popping up.They we’re talking about reliability of supply of rigs from China - Bitmain and BT something specifically. On of the mining ceos was saying he would never order anything from China with a stated lead time of more than three months. He said shipping and importing was a major headache, but that no order with a lead time of more than three months had ever arrived on time. The longer the lead time , the more unreliable and late was the delivery. He said it was better to pay a premium to middlemen, to reduce the worry of delivery dates, but that the best solution would be to build expertise and capacity in North America and / or Mexico.
So PW still has his bonus points for prioritising infrastructure over mining rigs, and now he gets a special bonus for being ahead of the game with his special relationship with ePic.
Still a rubbish IPO price, though.