"Batch 1" @ 4.86 GH/s for $1823 USD
"Batch 2" @ 4.66 GH/s for $1585 USD
I'm sad to see they are only offering $65 USD refunds for people, this doesn't nearly come close to the difference they are charging, not to mention the long term effects of the missing hash.
This is sad ... It was obvious from the beginning that next batch will be significantly cheaper... Never be in a hurry to buy first batch of BITMAIn equipment... So how is efficency on the ones doing 4.66 is it using less electricity? Or is it same just getting lower performance. And it's not a surprise they went down. I expect to see another decent drop in price with batch 3. you mean batch 4? there is already batch #3 for 1658, which could be delivered as late as Nov 8-9 (and as early as Oct 19, admittedly). simple math shows that it is still slightly better to have had batch 1, providing that you got it with first couple of days of shipment and IF time distance between batch 1 and batch 3 is ~1 mo. PLUS, having it earlier certainly was worth something  . |
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Every time I have had the Bitmain hangover from the party of ordering new equipment I always swear that I will never ever do it again....but here I find myself wondering why I did it ...again  Try this. Just once. Whenever you get an overwhelming urge to buy some mining gear, purchase the equivalent USD value of BTC on Coinbase (or your exchange of choice) and hodl. This is becoming my strategy moving forward after buying 20 THs worth of PACMiC v3 and bailing on S5+ and S7 batch 1 purchases. it remains to be seen if this strategy would be any better, but it might be. buying pacmic 3 would be a good idea on day one, not right now when difficulty is bound to go higher and pacmic 3 is S5, NOT S7. |
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IF my miners ship, and IF they are under-performing, I will be asking for closer to the $238 USD per miner discount that they are selling them for... "Batch 1" @ 4.86 GH/s for $1823 USD "Batch 2" @ 4.66 GH/s for $1585 USD I'm sad to see they are only offering $65 USD refunds for people, this doesn't nearly come close to the difference they are charging, not to mention the long term effects of the missing hash. Well, you can also mine for ~1mo longer (1.14BTC production at 4.66, worth maybe ~$188 ($271.3-$83.5) at $0.1/kwh), so current value equivalent is arguably 1585+188=1773, however this is without long term ramifications, which are more difficult to fully calculate. It is certain that people will have harder time selling batch 2 on the aftermarket unless they will discount it. |
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People don't realize that they stopped shipping batch 1 because they had this issue with two types of machines (4.86 and 4.66) even in batch 1 as per their email that went to some people. Also, I think that they had a disclaimer for batch 1 that it could be shipped up to 10 days after Sept 30 (or was it 25?). Many people would be upset, though, if they don't ship today or tomorrow.
I hope that what happened is that they noticed that some machines are performing at 4.66, stopped shipping of these machines (and the rest of batch 1), produced more machines, replaced those machines in initial batch 1 that were underperforming with newly produced 4.86 machines, hence some delay in shipping. the underperforming machines from batch 1 might have been renamed "batch 2". the bottom line is that a few days delay in batch shipping 1 might result in those orders having a better chance to be on spec (4.86). This is just my theory.
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Hmmm I wonder if the price is the cost to make one? Maybe we will see these at 20$ with the 5gh/s in it, free hash sure is nice. I think there was a screw up on cost. I wonder the same it looks very possible to be cost. The part about only 10 for international sales makes me also wonder if they are going to be selling in packs of 10. On U3's they have kept a high min order. So I wonder if 10 is their number for R1. As far as speed unless it allows overclock sidehacks compac can get 3x the speed they advertise on R1. sorry, internal, not international. selling to their own team to check bugs. it should never even be posted on the site 1kg!? it is 2.2 lb-pretty hefty for a router. |
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Site Maintenance, should be up online as of now!
Internal test for R1. When does the R1 would be available? somebody posted R1 internal sales by mistake. No way it would cost $5, LOL. yeah, $5 and $25 shipping. |
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this sounds like fun.
I guesstimate that if we can point the equivalent of ~200 s7 at this address, we would be likely to hit a block in 2-3 days with an average luck.
it would be a fun thing to do as a donation, but 200 S7 is a bit much to find.
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Everyone's spent outputs combined with everyone's spent outputs? Not all the time.
LIke I said in the OP there will come a day when a new user will buy bitcoins (say locally for cash) and when he goes to use them at a business or exchange or where ever they will be rejected. Not 100% of the time...but it will happen and we all know how the media today loves to jump on anything bitcoin related that is negative.
Please reference the OP as it was a prediction and just that.
Ok, I'll grant you that, but is it really a big deal if it outputs aren't combined "all the time"? The people that have the "hottest" Bitcoins are obviously going to go to the most trouble to mix and detaint them...and they do that already not because of blacklisting, but because they need to remain anonymous and stay out of jail for theft. It's not about ANONIMITY, it's about FUNGIBILITY You can try to be (somewhat) anonymous on the BTC network, but that doesn't mean the coins are fungible Ask yourself... If you earn a legal income in BTC, will you voluntarily mix your coin with criminals? if bitcoin is not fungible, then it is not money, it is as simple as this BTW, marshals sold tainted bitcoin from silk road and someone (silicon valley VCs, etc) bought them. I don't think that this bitcoin is tainted anymore de facto, but if you look at these coins history, it would look pretty bad, right? If bitcoin IS money, then it cannot be at fault what someone did with it any more than you cannot control what someone did with a $20 bill. |
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As long as you go into it with the understanding that you are not going to make back whatever you spent on the device - not placing any value on any "fun" or learning you would derive from the purchase - go hog wild ! </curmudgeon-mode> I don't know where you get the statement that you won't make anything back....IF mining were not profitable NO ONE would do it. Now granted you shouldn't go into it if you pay crazy rates for power, but if your power rate is reasonable then you most certainly can make money mining. Accounting for the diff going up at $25k per unit the SP50 would pay for itself it in less than 9 months. Everything after that is profit. Even if the diff shot WAY WAY up so what. Instead of taking 9 months to ROI it takes 12 months. The point is, as with any investment, you have to be patient. they should price it at $25K and stay there, but they won't, unless something changed with their approach to pricing. Historically, SPT priced initial batches way high, then precipitously cut back on pricing-not a very good policy from the initial customers perspective. You were basically penalized for buying early, which is not good-you want your enthusiasts to stay engaged. $25K price would generate a tremendous demand, in my opinion, while pricing it at 40K-45K-much less. we also don't know their manufacturing capabilities, maybe they cannot even manufacture enough when priced at $25K. |
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Is this thing basically a Raspberry Pi? $400 seems to be a massive markup...it's a nice idea but it really seems too expensive for what you get. It could definitely do without the inefficient mining chip too.
LOL somebody did the parts analysis and came up with ~$250 in parts (does raspberry pi have 128 gig of flash memory?) In my opinion, they should have posted it for $250 initially, but it is not a large markup comparing with an iphone, for example (parts ~$200, cost $650) |
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It looks like you guys like to check different PSU combos while the good old EVGA 1300 with two PCie splitters (put on two single red cables) is perfectly up for the job.
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The problem with having a transparent blockchain is the lack of fungibility. This is way gmaxwell is working hard on features like confidential transactions. We NEED to improve the anonymity on Bitcoin before it goes mainstream. You don't want people's money being rendered useless because of a lottery based on the origin of said money (if its legit or if it has a trace of some criminal activity which you had no idea and no control of).
Stop conflating two very different issues. Privacy/traceability != fungibility The two are in practice almost identical unless you are giving identifying information only to a privileged party (bank, government, etc.) in which case fungibility may exist at the discretion of that entity, or fungibility is enforced (by law). The former is certainly not the case in Bitcoin and likely never will be. The latter is theoretically possible but unlikely. If the units have a visible and distinct history that has at least the possibility for them to become non-fungible since actors may attach importance to properties of that history. This has already happened in Bitcoin with actors such as Coinbase and apparently now Bitpay identifying coins by a "good" or "bad" history. Whether this will become more or less common is a matter of speculation, not the properties of the system itself. That the properties of the system can give rise to these issues is proven by experience. well, it depends on how much effort goes into it. one can lift fingerprints off the #20 bill, analyze chemical residue on it, etc., however, apart from criminal cases, nobody does this. In my opinion, it is somewhat imperative for bitcoin to become fungible and to incorporate some tech to do it at the protocol level. Trace Mayer was talking about this: apparently Messrs Back and Maxwell were ready to introduce this before all this blocksize nonsense came about. |
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If
a) The pattern is same as in 2011,
b) But 4 times slower,
We will must have rally pretty soon. Rough estimate: half-year-long rally to -1, i.e. to about 1500$ per BTC.
snip image
A very interesting prediction. It would be interesting to see how it plays out. Overall, i am very puzzled by a flat. I would have never guessed it instead of rising or plunging. |
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Looks like they are all sold out of the APW3-12-1600-B2 PSUs as well.
Ok, but you can use EVGA 1300 with an addition of two PCI-E extenders on single branch cables. Cost for used evga is ~$125-130 on ebay, maybe slightly less here if you can find it. |
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well, the way i see it, if I just buy and hold bitcoin, I get absolutely nothing from this as far as experiences or future memories are concerned.
Let us hope your future memories are not plagued with people pointing out the financial folly with respect to rationalizing such purchases. if bitcoin becomes a pile of digital dust (hopefully, not), then at least you can remember those days
... where you bought low, hodl'd, and sold a fraction of a Bitcoin at some future date at way more than you could have imagined. So, I will try to use something for mining and/or learning, maybe a fancy stick, or a needlessly criticized "bitcoin computer" or something else entirely.
As long as you go into it with the understanding that you are not going to make back whatever you spent on the device - not placing any value on any "fun" or learning you would derive from the purchase - go hog wild ! </curmudgeon-mode> gosh, someone is grumpy on a weekend... I have seen many investments turn to an absolute manure, but you have to be in risky investments to have a good return, as you know. I am quite enjoying my S7 so far, and did enjoy Sp20 tremendously, but I could never host SP30 at home-had to do hosting. regarding "making some"-it largely depends on a timeframe and on whether you count in BTC or in $$. I always count starting in $$, not BTC, it makes everything simpler. |
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might be interested for something around 5btc
LOL, people have been offering up to 9 BTC for an S7 around here, the OP would be foolish to sell his miner to you for so cheap. In a couple months 5 BTC might be the market price for these but right now they're worth way more. They were never worth what Bitmain charged for them to begin with but for some inexplicable reason people continue to buy from them (and others) with no hope of ever making a profit. Such is the way of the BTC  well, bitcoin went the enthusiast route as far as home mining is concerned. I am aiming at breakeven and enjoying the ride. It is very difficult to make money while making business out of mining. You need to have access to super low electricity cost (from zero to maybe 4-5c/kwh), which I don't. Colder climate helps a lot. There is no point for me to mine with many machines, but I would like to have the most recent or the best one. If I was living in rural WA (Chelan, Douglas, Grant counties), i would probably increased my mining 10-100 fold. |
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OK, so it was the little graphic attached to the Amazon listing that means to you "Selling quite well". I hadn't noticed that before. I wonder what criteria Amazon uses, though that's probably a bit off-topic.
well, the fact that it is #1 in servers tells me that it is "selling quite well" (better than antminer S5, for example, which is #3). |
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Ordered my units on day one and have not even recieved tracking info yet. NOT Happy right now. this is strange...did you check your bitmaintech account...what does it say? does it say: shipped or unshipped? also, check your email (including spam) |
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.....
apparently, it is selling quite well
I am curios about your insight as to sales. I understand it only to be a pre-order at this time for delivery after November 16th. How could any of us, except perhaps Amazon, know anything about sales?
i read about it on zeroblock, will try to find a quote...nevermind, i remembered more accurately-someone mentioned it on btctalk and i just checked amazon-it is the best seller in Servers http://www.amazon.com/Best-Sellers-Computers-Accessories-Computer-Servers/zgbs/pc/11036071/ref=zg_bs_nav_pc_1_pcI have no insider knowledge whatsoever, sorry. |
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