At Mining Syndicate, we think it’s important to always keep our investors in the loop about any changes or updates. That’s why we’ll send out these posts whenever necessary so you can always be up to speed or find out the latest news. Here are this week’s important updates below.
1. Stock Replenish
Last night, we replenished our stock as well as added the Antminer D7 to the site. The D7 mines Dash and is one of the more profitable miners on the market right now.
New S19 110 Th/s and Avalon 1246s are back in stock, as well as December L7 Preorders. No L7s have shipped from China yet, so for those of you waiting on your November Preorder, we are all in this boat together! We'll let you know the moment we hear something.
However, KD5s are still very expensive and hard to get our hands on.
2. The BTC Dip
As you'll all know, crypto took a healthy dip last night. For those crypto price drops to be reflected in the price of miners, we need to stay at this level for a couple of weeks. Otherwise, miner prices stay fairly stable but are also likely to not rise again until BTC does.
3. We Are Looking For…
We are constantly on the lookout for more power capacity so we don't run out of hosting space. If you have any leads on any spare megawatts, please let us know! We're happy to pay a healthy referral fee.
The sooner we can plug up, the better. Our number 1 goal is to get hosting fees under .10 in these new facilities.
We're also looking for someone local to the Dallas-Ft. Worth area who is experienced in miner repairs. Please let us know if you have any leads there.
4. Our Four Struggles
We're all about transparency here, so we want to be honest about what we're struggling with lately. The four struggles we're currently having are:
- Keeping track of and quickly handling miner repairs
- Keeping up with all of our inbound emails
- Staying on top of inbound miners and whether or not they need to be hosted with us or shipped off to you
- Hosted miners going offline occasionally
As we work on these issues above, please know that our default settings are to A) take action and B) make you happy. You should not have to pay for our learning or growth, so we will always do whatever it takes to make sure you have a good experience that you'd recommend to others.
These 4 things are at the top of my list to improve upon. I (Chris) am doing my best to reduce the amount of time I spend on my emails so I can spend more time setting up scalable systems to solve our four problems above.
To help ease these problems and make this an even better experience for you guys, we've assembled quite a rockstar team to help with a few areas. So, please lean on them for anything you need!
You can now schedule times with them, as well as book a time for a facility visit right here. We can't wait for you to meet Will, our newest superstar sales executive! We don't want you to have to wait days to book a call.
Please let us know if you have any questions, you are always our number one priority. Together we are stronger!
Latest BTC News
BTC carried out a major upgrade to its network on Monday night (November 15, 2021). Immediately after this upgrade, BTC held steady at over $64,000.
However, just 24 hours later, a sudden plunge wiped off a small chunk of that figure. Come to the start of trading on Wednesday, BTC value was down 6% to around $59,000.
During this sudden “crash” Bitcoin wasn’t the only crypto affected as other currencies such as Solana (SOL), Ethereum (ether), Cardano (ada) also dropped. As well as everyone’s favorite meme coins dogecoin and shiba inu suffered losses.
In fact, the majority of the top ten cryptos were hit by the flash crash with each affected one being down between six to ten percent.
Is This Something to Worry About?
According to experts, the answer is no. Flash crashes happen on a relatively regular basis across crypto. I’m anyone who is invested in BTC or any other cryptocurrency will be able to recall a dozen examples off the top of their head of these sudden crashes ending as quickly as they came. Like all other investments, crypto is volatile and there will be more dips to come. But that doesn’t mean you should worry.
After all, when is the best time to buy BTC? During the dip, of course. Now is the time to weather the small blip and focus on the future without panicking.
As always, we are not offering financial or investment advice. This is just to keep everyone up to date with the latest BTC news and you should only ever invest what you can afford to lose. No investment is guaranteed and you must only do so responsibly.
Finally, if you’re looking to join our first-class mining pool, or have any queries, don’t forget to get in touch with us here, and we’ll be glad to help.
Until next time,