Bitcoin Forum

I know, I know... you are a business, and you here to make money. Compared to other vendors, you are still better. However, charging $140 USD for shipment of 2 S3 miners + high cost of the miners themselves costs more now than it did months ago. Just had to get this thought out there  :D :D :o

S3 B1 was 0.75BTC each.  On release date, BTC was $620, so each S3 was $465.  Total cost for 2 was $930.

S3 B5 was 0.68BTC each.  On release date, BTC was $585, so each S3 was $397.80.  Total cost for 2 was $795.60.

S3+ B10 is 0.572BTC each.  At $400, that's $228.80 each, so $457.60.  Shipped to my door via UPS adds 0.333BTC or $133.20.  Total cost for 2 is $590.80.

Certainly looks like they've gotten cheaper to me...

But the profitability seems to be dropping.. so not worth buying it :)

That's a whole other discussion ;)

Bad comparison. Money was refunded for S3 B1, remember?

Also, B7-B10, price has stayed the same. B9 and B8 were cheaper to buy than B10.

I'll give you the 7% refund for B1 (I forgot about it to be honest) :).

While B7 - B9 price remained the same at 0.58BTC per unit, the value of BTC dropped considerably (down to $280 at one point last week).  Bitmain only tacked on shipping to B10, correct?

Don't get me wrong, I think it sucks that Bitmain suddenly started to charge for shipping, where they previously never did.  However, given that had I actually placed an order for a pair of B10 S3+ when they went on sale, the units would have been 1.16BTC or ~$350.  If you included shipping in that cost, or about $100, Bitmain would have made only $125 per miner.  I'm pretty sure this is the reason they decided to start charging for shipping - to not eat too much of their bottom line.

After seeing the B10 price I was sooooo happy I got in on B9 at the last literal second.  It sucks the price of btc is so low and that's why the price is so high for equipment.  But the price of btc is going the right direction so hopefully we will go back to normal here soon.

Lucky you, many people missed the B9 boat :(

Bitmain has the cheapest available GH at the moment afaik.

The question you are asking is: will newly bought hardware ROI (quickly).

Nobody can answer that question, as nobody knows the price of BTC in the future, aswell as the difficulty, your power costs....

Bitmain actually has the cheapest cloud mining right now. But hope they drop further....

NO HARDWARE WILL ROI.
IT WAS ALL A SCAM AND THEY KNEW IT ALL ALONG!
https://bitcointalk.org/index.php?topic=802414.msg9159439#msg9159439
https://litecointalk.org/index.php?topic=22290.msg212985#msg212985
 >:(

Still not convinced.
Try this, last calculator you will ever need:
http://www.vnbitcoin.org/litecoincalculator

Its not a scam, just not a good investment thats all...

Some people buy miners to secure the network...

That's what people were saying when the first ASICS came out.
This can be quoted along with:
Bitcoin is dead.
Mining is dead.
We will never break $100
We will never break $1000
And many other.

Seriously, I hate those people. They are making electricity company rich..

Looks like the prices aren't that bad and some people are buing in bulk.
GAW just announced that they bought over 5 Petahash from them.

The price that gaw pay is lower cause they are buying bulk..... So you can't compare if you are only buying 1-2 miner..

Instead of looking at price, see the service it will provide you.
You can get much benefit out of it.

I too enjoyed the free shipping, but they still have the best price per GH.

Sure but GAW is jacking prices up. Just compare the price per GH of Genesis hashlets vs S3's.

Agree, the free shipping was really good until they change it to pay shipping. Now everything seems to be over priced...

there is no such thing as free, dumbasses. Its calculated in.

Not a surprise since idiots are still looking into buying.

No, it was free. Now it's 100 dollars USD. The price of the actual unit has not dropped significantly. The reason they are charging for shipping is to try to force you onto their cloud. When you checkout now you can choose shipped or umisoo, defaulting to umisoo. Don't buy their cloud. Don't centralize this mechanism. 8)

at least 65% of the network is centralized in the hands of 5 or 6 asic builders

Actually, its because of bitcoin price dropped a lot and they can no longer cover their price with it..

The price tanked months before they started charging for shipping. It coincided with their rollout of cloud based services just some weeks ago. 8)

Soon, shipping is going to cost more then their product. We need to stay next to them to be able to ROI..

they will take down prices soon imo

If you care about profitability, S3 is not the best choice, because all the good will bitmain built up is flushing down the brains. Bitmains rep was an asset that they just chucked out the window. Bitmain is now the best option of very bad options, i doubt you will get an affordable ROI.

It's not just their prices anymore, their support has gone down the drain too, as well as their lack of quality control. Their S4 release was a joke, completely untested hardware & firmware resulting in either units going up in smoke or users only able to mine at a few select pools efficiently - so much for the "decentralization" they like to promote. Talking of which, they promised their customers that they would be investing heavily in p2pool months ago, but have gone completely silent since then - and the only miner that works with it out of the box is the S3.
S2 users were promised a firmware update over 9 weeks ago to patch many security flaws, but again, nothing - leaving users vulnerable to having their hash rate redirected, as has been reported. The latest S3 firmware update actually breaks the units & has to be fixed immediately after flashing in order to be able to use it again, plus it's slower & performs worse than the earlier firmware, but Bitmain just leave it on their site anyway. S4 users have been promised a firmware update to fix all the issues also, but again, nothing. I can see the S4 users being tossed into the garbage can in the same way the S2 users were after parting with their cash for their latest & greatest units, waiting for promised updates to fix the various issues for weeks but getting ignored while Bitmain are busy promoting their latest model that probably won't work as advertised again due to zero R&D & no testing of firmware.......
Bitmain have thrown their reputation down the drain, and their threads are now littered with dogie poop. I'll not be buying anything else from them again until they clean up their act, and their threads..... ;)

Off to spondoolies I go.

Are they shipping from stock?

They are mining with equipment and won't sell to people that are going to make them loose mining revenue if they are not selling very expensively

I agree, that it is overpriced.
I wanted to buy 50 maybe 100 units S3+ and I received offer  278USD/1 unit incl. transport, which is higher than price 2 month ago (!). But difficulty is now aprox. 33% higher.
So for such price it is absolutely non sense and unprofitable.

Wait for antminer S5, it would deliver a lot of hash in a very compact box (hopefully not too heavy). So the shipment should be cheaper in a way..

278USD could be profitable if you can resell those on Ebay after you mine for a few months.

0.68BTC for 441Ghs is 0.001541/Ghs, still too much

Is it really worth it buying new equipment even if the btc price is falling? The electricity cost would even eat your profits.

Some don't pay for electricity or pay a very low price and some can have a BTC ROI in mining. Also the price of BTC may rise.

We have confirmation that Bitmaintech will be participating in Bitcoin Black Friday! The deals will be posted on November 28th on our site: http://bitcoindiscounts.net

What do you think the discount will be??

Don't forget to sign up for our newsletter: http://bitcoindiscounts.net/submit

What a shocker, Bitmain is working for themselves and not actually for you. Wow unbelievable...

ANTMINER C1 Batch 3- Cooling Kits Excluded- 1000GHS are sold at 0.000879/GHS but I don't know and I don't think shipping is included.

It is easier to go on cloudminr and buy 2000GHS at 0.0011/GHS with no maintenance fee

Bitmain Bitcoin Black Friday deal is online! Check it out at: http://bitcoindiscounts.net

40% off on Antminer S4 and Antminer C1

*SCAM*

Did a who is on this domain and found:

Hosted in PANAMA!??!!?!?

bitmaintechbf.com registry whois
Updated 20 minutes ago - Refresh
Domain Name: BITMAINTECHBF.COM
Registrar: ENOM, INC.
Whois Server: whois.enom.com
Referral URL: http://www.enom.com
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
Status: clientTransferProhibited
Updated Date: 15-nov-2014
Creation Date: 15-nov-2014
Expiration Date: 15-nov-2015
bitmaintechbf.com registrar whois
Updated 20 minutes ago
Domain Name: BITMAINTECHBF.COM
Registry Domain ID: 1885420334_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.enom.com
Registrar URL: www.enom.com
Updated Date: 2014-11-15T04:29:56.00Z
Creation Date: 2014-11-15T12:29:00.00Z
Registrar Registration Expiration Date: 2015-11-15T12:29:00.00Z
Registrar: ENOM, INC.
Registrar IANA ID: 48
Registrar Abuse Contact Email: email@enom.com
Registrar Abuse Contact Phone: +1.4252982646
Reseller: NAMECHEAP.COM
Domain Status: clientTransferProhibited
Registry Registrant ID:
Registrant Name: WHOISGUARD PROTECTED
Registrant Organization: WHOISGUARD, INC.
Registrant Street: P.O. BOX 0823-03411
Registrant City: PANAMA
Registrant State/Province: PANAMA
Registrant Postal Code: 00000
Registrant Country: PA
Registrant Phone: +507.8365503
Registrant Phone Ext:
Registrant Fax: +51.17057182
Registrant Fax Ext:
Registrant Email: email@WHOISGUARD.COM
Registry Admin ID:
Admin Name: WHOISGUARD PROTECTED
Admin Organization: WHOISGUARD, INC.
Admin Street: P.O. BOX 0823-03411
Admin City: PANAMA
Admin State/Province: PANAMA
Admin Postal Code: 00000
Admin Country: PA
Admin Phone: +507.8365503
Admin Phone Ext:
Admin Fax: +51.17057182
Admin Fax Ext:
Admin Email: email@WHOISGUARD.COM
Registry Tech ID:
Tech Name: WHOISGUARD PROTECTED
Tech Organization: WHOISGUARD, INC.
Tech Street: P.O. BOX 0823-03411
Tech City: PANAMA
Tech State/Province: PANAMA
Tech Postal Code: 00000
Tech Country: PA
Tech Phone: +507.8365503
Tech Phone Ext:
Tech Fax: +51.17057182
Tech Fax Ext:
Tech Email: email@WHOISGUARD.COM
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
DNSSEC: unSigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
Last update of WHOIS database: 2014-11-15T04:29:56.00Z

@bitcoindiscounts I reported you to mods for confirming a scam, and asked the mods to ban your account. You dont belong here with honest people.

Ive also reported you to Bitmaintech, I hope they hunt you down.

*SCAM*

Did a who is on this domain and found:

Hosted in PANAMA!??!!?!?

bitmaintechbf.com registry whois
Updated 20 minutes ago - Refresh
Domain Name: BITMAINTECHBF.COM
Registrar: ENOM, INC.
Whois Server: whois.enom.com
Referral URL: http://www.enom.com
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
Status: clientTransferProhibited
Updated Date: 15-nov-2014
Creation Date: 15-nov-2014
Expiration Date: 15-nov-2015
bitmaintechbf.com registrar whois
Updated 20 minutes ago
Domain Name: BITMAINTECHBF.COM
Registry Domain ID: 1885420334_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.enom.com
Registrar URL: www.enom.com
Updated Date: 2014-11-15T04:29:56.00Z
Creation Date: 2014-11-15T12:29:00.00Z
Registrar Registration Expiration Date: 2015-11-15T12:29:00.00Z
Registrar: ENOM, INC.
Registrar IANA ID: 48
Registrar Abuse Contact Email: email@enom.com
Registrar Abuse Contact Phone: +1.4252982646
Reseller: NAMECHEAP.COM
Domain Status: clientTransferProhibited
Registry Registrant ID:
Registrant Name: WHOISGUARD PROTECTED
Registrant Organization: WHOISGUARD, INC.
Registrant Street: P.O. BOX 0823-03411
Registrant City: PANAMA
Registrant State/Province: PANAMA
Registrant Postal Code: 00000
Registrant Country: PA
Registrant Phone: +507.8365503
Registrant Phone Ext:
Registrant Fax: +51.17057182
Registrant Fax Ext:
Registrant Email: email@WHOISGUARD.COM
Registry Admin ID:
Admin Name: WHOISGUARD PROTECTED
Admin Organization: WHOISGUARD, INC.
Admin Street: P.O. BOX 0823-03411
Admin City: PANAMA
Admin State/Province: PANAMA
Admin Postal Code: 00000
Admin Country: PA
Admin Phone: +507.8365503
Admin Phone Ext:
Admin Fax: +51.17057182
Admin Fax Ext:
Admin Email: email@WHOISGUARD.COM
Registry Tech ID:
Tech Name: WHOISGUARD PROTECTED
Tech Organization: WHOISGUARD, INC.
Tech Street: P.O. BOX 0823-03411
Tech City: PANAMA
Tech State/Province: PANAMA
Tech Postal Code: 00000
Tech Country: PA
Tech Phone: +507.8365503
Tech Phone Ext:
Tech Fax: +51.17057182
Tech Fax Ext:
Tech Email: email@WHOISGUARD.COM
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
DNSSEC: unSigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
Last update of WHOIS database: 2014-11-15T04:29:56.00Z

@bitcoindiscounts I reported you to mods for confirming a scam, and asked the mods to ban your account. You dont belong here with honest people.

Ive also reported you to Bitmaintech, I hope they hunt you down.

Users: pIf you feel saved your a$$ please visit my blog at www.bitcoinlasvegas.net (http://www.bitcoinlasvegas.net) and give me a facebook like or google+

Thank you

Vegas "the coin sherriff!"

*SCAM*

Did a who is on this domain and found:

Hosted in PANAMA!??!!?!?

bitmaintechbf.com registry whois
Updated 20 minutes ago - Refresh
Domain Name: BITMAINTECHBF.COM
Registrar: ENOM, INC.
Whois Server: whois.enom.com
Referral URL: http://www.enom.com
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
Status: clientTransferProhibited
Updated Date: 15-nov-2014
Creation Date: 15-nov-2014
Expiration Date: 15-nov-2015
bitmaintechbf.com registrar whois
Updated 20 minutes ago
Domain Name: BITMAINTECHBF.COM
Registry Domain ID: 1885420334_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.enom.com
Registrar URL: www.enom.com
Updated Date: 2014-11-15T04:29:56.00Z
Creation Date: 2014-11-15T12:29:00.00Z
Registrar Registration Expiration Date: 2015-11-15T12:29:00.00Z
Registrar: ENOM, INC.
Registrar IANA ID: 48
Registrar Abuse Contact Email: email@enom.com
Registrar Abuse Contact Phone: +1.4252982646
Reseller: NAMECHEAP.COM
Domain Status: clientTransferProhibited
Registry Registrant ID:
Registrant Name: WHOISGUARD PROTECTED
Registrant Organization: WHOISGUARD, INC.
Registrant Street: P.O. BOX 0823-03411
Registrant City: PANAMA
Registrant State/Province: PANAMA
Registrant Postal Code: 00000
Registrant Country: PA
Registrant Phone: +507.8365503
Registrant Phone Ext:
Registrant Fax: +51.17057182
Registrant Fax Ext:
Registrant Email: email@WHOISGUARD.COM
Registry Admin ID:
Admin Name: WHOISGUARD PROTECTED
Admin Organization: WHOISGUARD, INC.
Admin Street: P.O. BOX 0823-03411
Admin City: PANAMA
Admin State/Province: PANAMA
Admin Postal Code: 00000
Admin Country: PA
Admin Phone: +507.8365503
Admin Phone Ext:
Admin Fax: +51.17057182
Admin Fax Ext:
Admin Email: email@WHOISGUARD.COM
Registry Tech ID:
Tech Name: WHOISGUARD PROTECTED
Tech Organization: WHOISGUARD, INC.
Tech Street: P.O. BOX 0823-03411
Tech City: PANAMA
Tech State/Province: PANAMA
Tech Postal Code: 00000
Tech Country: PA
Tech Phone: +507.8365503
Tech Phone Ext:
Tech Fax: +51.17057182
Tech Fax Ext:
Tech Email: email@WHOISGUARD.COM
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
DNSSEC: unSigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
Last update of WHOIS database: 2014-11-15T04:29:56.00Z

@bitcoindiscounts I reported you to mods for confirming a scam, and asked the mods to ban your account. You dont belong here with honest people.

Ive also reported you to Bitmaintech, I hope they hunt you down.

Users: pIf you feel saved your a$$ please visit my blog at www.bitcoinlasvegas.net (http://www.bitcoinlasvegas.net) and give me a facebook like or google+

Thank you

Vegas "the coin sherriff!"

Forum rules:
https://bitcointalk.org/index.php?topic=703657.0

According to forum rules, staff do not remove what appear to be scams, but that doesn't stop us from being able to say THIS IS LIKELY A SCAM. Hit up their trust ratings accordingly if you believe so.

I find that purchasing the miners from Bitmain directly will be more expensive. In my experience buying them a little after launch from a reseller is cheaper. a re-seller buys them in bulk thus lowering his price per unit. if its a good honest re-seller he then passes some of those savings on to you. making your purchase slightly cheaper.

Just be carefull if cheap resellers are collecting orders, but finally don't deliver. Another scamm approach.

Bitcointalk have resellers that are trusted and get discounts but you always add a bit more risk by choosing this route.

Risk of cloud miners , company going under , you pay in advance right , so u lose when they close before u finish . Buy hardware maintenance is a must , is your house cold ? They make great heaters . A real incentive for those living in cold places.

You are right, you take a risk either way.

A real incentive to mine at home is to have free electricity :P

unless you have super cheap electricity or free electricity its impossible to profit from their new prices even if reduced.

Well, you don't really need to buy them to mine. You can always buy them to resell it (more profit this way).

You can ROI at 0.000879/GHS but you will need some cooling device.

Miners are listed at up to 2$/GHS on ebay so 4times more expensive than buying to a mining hardware company or on a cloudmining site and they sell at 0.5-1$/GHS.