Bitcoin Forum

Ok so if you have ordered an Antminer D3 in first batch due to ship sept 18 cost per unit paid was $2700.00. Now Bitmain has released batch #2 shipping in october at $1599.00 per unit ?? Well this sucks if you ordered batch number #1. How can price drop $1100.00 is a few days.What do everyone think of this price drop was it worth buying in first batch or not? Is Bitmain being fair to first in line customers ? ???

A "fair" price is the one which people are willing to pay.  I'd figure given the sudden surge of competing products they saw a need to lower it to remain competitive.

Well yeah that makes sense, but the competition is Ibelink 10.08 ghs at $6000 usd and Innosilicon A5 at $10000.00 usd.......So for Bitmain to have dropped price by 40 % it makes Bitmains price between 73% ibelink and 80% innosilicon lower than competition.

Thats bitmain for you. Scamming and taking peoples money.

Well actually it's not bitmain scamming but ibelink and innosilicon because they are over charging people when bitmain has one 1/4 price.

Surely you aren't so naive. I would MUCH rather have a batch 1 D3 @ $2700 than a batch 2 D3 @ $1600. The batch 1 units will earn way more than the $1100 difference during the month delay between batch 1 and batch 2.

why cant all the newbies just read about what mining difficulty is, instead of posting stuff like this.

I'll give you $15000 for a D3 right now, delivered to my door tomorrow.

In November, I'll pay you $1000 for a D3.



The longer it takes for you to get the machine, the more worthless the machine is.

In August a D3 is worth $15000 based on a  3 month ROI

in September (start of) it'll be worth around 10000 based on a 3month ROI

in October (batch 1 release in customers hands at this point) it'll be worth around $5000 based on a 3 month ROI

in November it'll be worth around $2000 based on a 3 month ROI

by December, a D3 wont be worth it if its cost is much over $1000.

edit: innosilicon's delivery date is way too late, thought it was this month. at $10k a pop vs 2 D3s that sold for $1600 each....ouch

ibelink should be ok still, if delivered on time.

bitmain has a long history of gouging and disregarding customers, why would now be any different?

•I have preordered Antminer D3, Payment method by bank
•Should the bank account be in my name? Or does not it matter that the account is in the name of the beneficiary?

Not sure how Bitmain will handle your wire. Best bet is to take pics of your bank wire documents and email the images to Bitmain support requesting them to credit to your account number.
MAKE SURE YOU PUT ORDER NUMBER ON WIRE MESSAGE AREA!

I hate Bitmain's price policy. Sometimes they raise and drop prices ridiculously. The biggest reason why they can do this is to become a monopoly, someone must be a rival to them!

You are missing something here!
Did you notice that they are selling you used products ?
You put a preorder now they take your money, building 5 miners and put them to mine....
After 1 month they ship it to you....
who is the looser here ?  :P

Yeah I saw an article stating they had found Bitmain was shipping used miners as NEW. Apparently miners arrived with dust on boards and some other sign of being used.

Bitmain also has a history of price wars - ask Spondoolies about the SP20/S5 wars.... oh wait you can't, they went bankrupt.....

Yup - There's no such thing as a "new" AntMiner. Bitmain tests all of them for at least 72 hours (usually longer). While they're obviously profiting immensely, it also means we're much less likely to get a dead miner when delivered. Seems like a reasonable practice to me. After all, they clearly told us *when* the miners would ship. They didn't say anything about shipping as soon as they were ready. If they were mining AND delayed delivery - that would be cause for anger.

chage it to days, multiply by 2 and you're a lot closer. lol 72 hours.  ;D

 iBeLink had most or all of their new miners SOLD by the time Innosilicon and Bitmain announced THEIR miners.

 At the ORIGINAL price of the D3, the A5 was high but not crazy high on price (if it meets it's announced specs) given it's much higher performance AND quite a bit higher efficiency.
  Innosilicon DOES need to look at adjusting their price though if they want to be close enough to competative to be able to SELL any more A5 units.

Ibelink is now announcing another Miner DM22G https://ibelink.co/blog/ delivery in October seems Innosilicon will have a much harder fight to ROI.

means bitmain thinks one month you will get $1,100 less

 More that Bitmain wants to drive the competition out of the space - like they did for quite a while on SHA256 (Bitcoin) miners, then reaped much higher profits on the late S5 batches, the S7, and the first several months of the S9 due to no competition (Caanan isn't really competing, higher price/H and less efficient - the only reasons they can hang are better record for reliability, better support, and Bitmain couldn't sell enough S9 units to make the A721 and A741 unprofitable).

 I think the only reason they're not being hyper-aggressive on the pricing of the L3+ is that Innosillicon isn't being aggressively competative - again, lower performance lower efficiency higher cost per hash but better reliability record and not enough L3+ production to drive profitability down - keep in mind that even the older *A2* and Alcheminer / Titan units are high profitability at this time.

 X11 is a noticeably smaller network hashrate though than SHA256 and Scrypt compared to the hashrate of a single miner - Bitmain likely CAN drive profitability down enough to matter in a few months - but if the A5 meets it's specs, they may be cutting their OWN throats there unless they have a "next gen" smaller process node chip in design already (The D3 is rumoured to be 28nm, but Bitmain has never actually specified it anywhere I can find - it did show up fast enough that it might be NON-OPTIMISED 14/16nm).


 IBeLink did finally put a price on the DM22G in their shop - $6000 - they might have to drop that if they want to stay competative with the D3, but given the stated efficiency figures, they might be prefering to play a longer game and target the A5 instead.

Where is the price of 6000$? The $6000 on their site is for the 10.8 gh current model.

Hmmm. OK the page was confusing, announcing the DM22G but then the actual listing is for the DM11G.

This might be why. Drx100 pinidea 8.7k

Shipping starting in 2017/08/25 ~ 2017/09

Specifications:

HashRate: 17000M(+-5%)
Power: 820W (wall power +-5%)
Dimensions: 28cm x 18cm(h) x 15cm(w)
Weight: 5KG
Interface: Lan(100m/1000m)
Fan: 2 x 14038 Double ball fan (55DB)
Operating temperature : 0℃~40℃
Mining Software: Custom CGminer
What’s new in this model(DR-100):

DR-100 is the improved model of DRX ASIC X11 Miner. Redesigned structure to bare with the worst transit condition. Also, faster and more energy efficiencies by comparing to DRX.

For major customer purchases, please contact

tomasen@pinidea.com

Is it possible to use fund wire for this batch?

72 hours is not possible, usually on a weekly basis.
In the absence of sufficient benefits, it will not be sold, of course, at least to ensure that this is good second-hand.
 :D

 Not even competition for the Innosilicon A5 at THAT crazy-high price.

 If Pinidea expects to sell many of those, they need to drop the price WELL under 1 bitcoin.


 I would bet that Bitmain was looking a LOT more at the DM22G as it's actual competition - depending on what that actually ends up selling for.

 That D3 batch this morning was cryptocoin-only per Bitmain's twitter announcement, NO wire transfer option - and I suspect they are likely to move away from the whole wire transfer thing due to issues they've had with "order but no payment" tying up machines that were supposedly SOLD for too long.

Why do you even line up to buy miners in the first place?

If you believe that a coin has a future just buy it. Unless it is mineable with the stuff everybody can purchase anywhere in the world, it doesn't make a bit of sense to buy specialized mining hardware. That's the most stupid investment one can make. You are basically buying highly advanced calculators. The more people buy them, the more worthless they'll become. See where i am getting at?

HDD mining, GPU mining are OK. ASIC mining is not. It is cancer to crypto world. Don't buy this shit.

Why can't we order the November batch on bitmaintech?  ;)

 Because they all sold out quite quickly, with one exception that seems to have been quite a bit larger and actually took ballpark 2 days to sell out.

 Lower risk then investment, if you pay attention to the fundimentals.

 As a specific example, my A2 farm achieved 100% ROI sometime LAST YEAR - despite Scrypt coins all being pretty much flat over the timeframe between when I bought them and when they paid themselves off.
 If I had "invested" in Litecoin instead of buying those miners, I'd have LOST money (though not a lot) over that entire timeframe - instead, I have quite a bit earned and my A2 farm is STILL pulling in serious profits, to the tune right now of about 30% of my investment into them per month NET AFTER ELECTRIC USAGE.

 You can't COUNT on a "skyrocket" happening.
 Looking at the last 5 months is 20/20 hindsight that "investing" would have paid off more than mining as there was NO WAY to predict that almost all altcoins would jump so high so fast, and therefore stating that investing is BETTER based on that period is a strawman argument - and as it happens us miners STILL made a ton, and are positioned for the FUTURE to make a ton more with long since paid off gear.

 Also, you're not investing in a SINGLE coin - all ASIC based miners can mine multiple coins - though they can't mine as wide a range of coins as GPUs can, they CAN mine more different coins than exist for HDD mining AND have a higher rate of return even over the last few months. BURST in particular has been getting hammered so hard by the various attacks on it's infrastructure and the resulting crash in coin price that it's bloody near impossible to pay off a HD used to mine it with before the drive DIES - which is NOT the general case for ASIC miners.

 You should also keep in mind that the landscape of mining hit a major change when Bitmain released the S9 - for the first time, mining ASIC are running on the CURRENT SEMICONDUCTOR STATE OF THE ART. You're not looking at a few months between generations any more, you're looking at YEARS before a new generation of semiconductor tech will make current ASIC miners outdated and uncompetative.


 I also fail to understand how you can be so down on ASIC and so up on GPU for mining, they both do the same thing but the GPU is LESS EFFICIENT at it.

I wish you are right