still no word on the prices?
nope not yet. All silent on the front Looks to me like Bitmain reduced to some extent the top possible price, since they lowered the price of Batch 2 & 3 of the S7. Spondoolies would seem to have less room to maneuver now in terms of price (IMHO). |
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If someone wants to test that functionality, groovy. I won't, because I don't feel like buying an AntRouter, for the same reason I wouldn't buy a 21e6 dangle that points everything automatically at a single pool with no option to reconfigure.
.......
My understanding is that neither the "21 Inc Bitcoin Computer" nor the "Antminer R1" are released and shipping yet. While the prevailing sentiment is that they will both largely be "closed" in terms of configuration, how does anybody KNOW this? It seems until we get actual documents, and/or a shipping product, it's kinda speculative as to what can and can't be done. I don't have a specific interest in either product, but it seems a bit premature to decide what they can and can't do at this time. |
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I would guess that idea here was to "sell" to folks within Bitmain (e.g. employees) at a small price and let them act as "Beta Testers". They spend a smallish amount of money, play with it, and if they find a problem, they get a .1 BTC reward. If this is correct, we shouldn't infer much of anything based on the price mentioned. It might be cost, or it might be less. It might be just enough that some folks can participate and do some testing. The price needs to be enough to make a person interested in doing it, but not too little.
This is consistent with the 'withdrawal" statement.
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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.
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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? |
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While dogie was overly terse, I don't think that Spondoolies has announced a ship date or price for the 110TH SP50. As far as I know, the 100 BTC "price" is pure speculation at this time. You should probably follow this thread: https://bitcointalk.org/index.php?topic=521520.13420 |
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At .2 I don't think it's possible is it?
I think some people buy new hardware and mine for a month or two and then sell the miner to make a profit. Perhaps that might work for you.
you can't estimate difficult with 100% precision, so it's better to not take it into account if you do some math, with the antmienr s7 you can profit if you have 0.2 in electricity I don't understand the logic. Since I can't accurately predict difficulty changes, I should IGNORE them? That is exactly the same as expecting it to be ZERO. The only way to profit from an S7 with $.20/KWh is to try and sell it very within 1-2 months of purchase and hope you get back all the money you spent on purchasing, including VAT. Maybe Bitmain will raise the price, or maybe they won't ship any more? I'd really like to understand the math you did to show a profit at $.20/KwH. Besides zero difficulty change did you also assume an increase in BTC price? |
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I wasn't joking... Does anyone else not think this could be a possibility?
U dont get Us$100,000,000 in VC for nothing... How much is ebay worth??
$700,000,000, This could be an ebay killer....
Did you mean Ebay or PayPal? I don't think either one has anything to fear from 21Inc. As long as 21Inc tries to march towards an IPO, the VC guys will be happy. The VC guys will get their money back if/when the company tries to go public, The rest is all a sideshow. Nothing says that the VC guys are perfect. They lose money all the time, but as long as they strike it big often enough, they are good. I am just happy it's the VC guys investing money instead of "pre-order customers". It will be so interesting to revisit this 2-3 years. |
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BITMAIN promised us. I hope they will keep their words. p.s. fortunately I have an access to free electricity, that's why I haven't sold my S2 yet.  p.p.s. how about e-mail attack, like several months ago about GPL terms?..  It might make the most sense to figure out what you could get for the S2 if you sold it today. Use that as a cost figure, and churn the numbers on how long it will take to break-even with 0 running cost.Can you wait that long? Do you want to? I think continuing to wait for Bitmain, or harping at them is a waste of time. They have forgotten about this months ago. The graphic above from Finsky sums it up. |
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Personally, I count 3.5 months. I agree it doesn't seem that BitFury is in any hurry to actually sell a "Mining Lightbulb". Maybe they came to their senses?  21inc will present something on cisco forum on Sept 22. Competitive mining bulb/router/appliance? As a follow up, was there anything about 21 Inc. on the Cisco Forum (September 22). I assume it was the "$400 Bitcoin Computer" and nothing else? Anything more substantial than they have on the website? |
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In terms of hashnest and other internal Bitmain mining facilities, I expect those folks received their S7 boxes in the last couple of months. Wherever they were selling used S5's from, had already received an S7 replacement.
Are you saying that the worst hashrate spike is behind us? No, I am just saying that Bitmain has been enjoying reduced energy costs as they phased in S7's over the last couple of months. The S7, and all the other new gear are going to push difficulty plenty hard. In terms of percentages, it probably won't be as bad as 2013-2014, only because the hashrate and difficulty are so high already . I wonder if the ASIC vendors are thinking the market could cool considerably as the halving approaches next year. Best to make them $$$$ now, while the selling is good. I think we can quit worrying about a difficulty decrease for a while. It was keeping awake at night.... |
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In short. I don't trust 21 inc.
They have not built any trust with the people, but have convinced enough investors to cough up $100 million (If I remember correctly). They will need to come up with a far better device or service than this one to convince me that this is something more than just a cheesy gimmick.
Are they serious? A Raspberry PI with a command line interface?
If I am missing something please tell me because I just don't understand what 21 inc. are trying to achieve that is actually good for the consumer.
The more cynical view is that this is merely another step on the way to BIG money. Not silly stuff like Bitcoin, but IPO Money! They might well be able to really spin a convincing story melding Bitcoin with IoT, both of which could be really hot topics. Maybe they could somehow tie it to Facebook for additional pizazz!!! I can't claim ownership of the IPO money aspect thinking. Just based on their current track record, it really makes sense though. |
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In terms of hashnest and other internal Bitmain mining facilities, I expect those folks received their S7 boxes in the last couple of months. Wherever they were selling used S5's from, had already received an S7 replacement.
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One of the more cynical viewpoints is that the purpose of this specific device is to convince folks that they will be a "big hit" in BTC, so that they rake in big bucks as part of an IPO (Initial Public Offering of stock). In that view all of this just a side show.
They already sucked in $116M from the VC partners. My bet is those guys want to get a REAL RETURN ON INVESTMENT (i.e. way more than $116M)., not just some piddly BTC ROI view either.
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My simplistic understanding is that electric rates in the UK are quite high (i.e. in excess of $.20/KWh). If my figure is roughly close (or low), then as soon as you run an S3 for an hour, you are behind. In other words, it won't even pay for it's electricity cost. May be an S7 could pay the electric bill, but it would never pay for it's purchase price in the UK, unless rates are way lower than I think.
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You are absolutely right you will almost certainly have to sell it in order to break even. I would argue you will need to do that well before July 2016 (approximately), when the BTC block reward is halved.
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geez.. that is one freakishly loud miner.. heh. https://youtu.be/5UFGEXyduSAHave you tried reseating the heatsinks ? Are the chips sitting flush with said heatsinks ? Have you considered lapping everything and/or adding a copper slab or shims to the heatsink ? Why all the interest in the heatsinks? As I have seen the pictures, there is a small heatsink :)onto each chip. They aren't screwed down in any way. There is nothing to lap. It's completely unlike a CPU heatsink in terms of it's attachment. It's a 1200W box that's got to get rid of it's heat, and it does so with high static pressure, high CFM, loud fans. |
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Dammit, I want one. Has anyone run ROI through a calculator based on ~$.10kWH?
I can go do it, but if someone has it off the top of their head...
At $.10/Kwh, I don't think you break-even before the halving in 2016. Unless of course Bimtain delivers YOUR S7 for say $1500, or maybe they limit deployment of the S7 (i.e. sales), or maybe Spondoolies delays deployment of the SP50 until well into 2016, or maybe BTC price goes up to $300 next week and stays there (or above). Just keeping adding enough parts to an optimistic scenario, and I am sure you can make it work out! |
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*NIX is more common than you think.
Pretty much every router "appliance" runs some form of LINUX (Cisco is the only major exception, they have their own propriatary OS stuff).
Most of the Internet runs on some sort of *NIX - the exceptions are mostly (again!) Cisco boxes in the bigger routers.
Many older smartphones run on a *NIX of some sort, though propriatary seems to be making a comeback lately with Android getting popular.
Do keep in mind that the Mac OS is *NIX under the hood.
To get technical, Windows "borrowed" a LOT of *NIX design concepts in the NT series and it's later derivations, and somewhat to a lesser degree MS-DOS and consumer Windows versions did as well. MS-DOS also borrowed heavily from the older DEC RT-11 OS though (both RT-11 and UNIX borrowed from older OSs as well).
There is a rumor that the acronym WNT (Windows NT) actually happened by "uplifting" the VMS acronym by one letter. The chief guy on NT (David Cutler?) supposedly was a big time developer on VMS. Just a rumor I heard. |
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One of my 3 Compac sticks no longer will hash. It worked at one time, but now it will only identify and respond, but when it tries to hash, it doesn't work. This is on a variety of ports, different hubs, different platforms (RPi, Win7) and using both cgminer and bfgminer (not all combinations of the preceding). I think I tried adjusting a "smidge" clockwise, but also no effect.
Will I damage it if I turn it too much clockwise? I 'd like to know if I have been just too timid in my adjustments, and would like to know if it's safe to be more aggressive. This is all at 125 MHz or 150 MHz, so I am not trying to optimize anything in terms of efficiency or speed, I just want to know if I get it to hash again.
Thanks for your suggestions and thoughts.
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