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Our belief is that Riot grossly overpaid. As above, Riot's stated motive for the transaction was to acquire 700 Antminer S9s and 500 Antminer L3s used to mine cryptocurrency.However, if Riot had simply purchased the above servers directly from Bitmain, we estimate that the price would have been $1,905,000. In order to arrive at this number, we checked a historical capture of the Bitmain website as of October 16th, 2017, and found that Antminer S9 servers were selling for $1,265 and that Antminer L3s were selling for $2,040.We contacted Bitmain to see if it was experiencing massive backlogs or any other scenario that could justify an overpayment of roughly $10 million for $1.9 million of machines.

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iphone x cases In Part A, Roberts described the Fifteenth Amendment's problematic history of enforcement that led to the passage of the Voting Rights Act, much of which consists of a "scheme of stringent remedies aimed at areas where voting discrimination has been most flagrant."[4] These remedies were bolstered by 5, which suspended any change in state election procedure until the federal government certified that it neither "has the purpose nor will have the effect of denying or abridging the right to vote on account of race or color." To confine these remedies to areas of flagrant disenfranchisement, the Act applied them only to States that met certain explicit standards. However, recognizing that this coverage formula "might bring within its sweep governmental units not guilty of any unlawful discriminatory voting practices, [Congress] afforded such jurisdictions immediately available protection in the form of. [a] 'bailout' suit."[5] iphone x cases..
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