Somehow remarkable how Avenger called it FrankJupiter...and now people receive dead bodies they have to reanimate.
If this is not a real bad joke I don't know what else it is..
look at it this way; KnC give plenty notice that they intend to compete with their own customers, while delaying their 'stepping stone' rig and blowing raspberries by saying that they will compensate their victims with cloud hashing (once they have mined the shit out of the network). KnC realise that not everyone are as stupid or gullible as they hoped they would be, and offer an airfix kit, without the glue to go with it. "Here, compete with us, with that, losers" i think, sums it up. Sorry for your troubles, and losses. Sad but very TRUE. |
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Well most manufacturers made money during the boom.
Just business will slow down to the point if they cant make a profit they wont make and sell it.
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I'm a math guy, so lets look at some numbers.
At the current difficult and BTC price, a S1 earns $186 dollars per month and uses $35 dollars in electricity at 12 cents per kilowatt hour. Barring a BTC price collapse, which would slow down difficulty growth, your assertion that a S1 will not be profitable in 2 months is absurd. The S1 will be unprofitable towards the end of 2013 (Q4) unless BTC price increases.
You think that an S1 will make $186 for May month? I bet will not even make $130 for May. Deduct the $35 for electricity. I am sorry but S1 is dead already. Mining will be very challenging when difficulty goes past 20 billion in June. |
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bitmaintechs is fake site |
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Any jump over 2-3% is bad.
Imagine buying a machine for $100. With a theoretical 15% increase every jump. In the first 10 days the machine makes you $10, then days 10-20 it makes only $8.40, then days 20-30 it makes $6.70. So the first 30 days it has made you $25.10. Based on my experience the first month a miner will make 70% of its lifetime ROI if the btc price stays steady.
If the jumps fall to 2-3% or even lower (which will happen at some point, probably sooner than most assume) then miners will return a lot less than 70% of their lifetime output in the first month. Eventually they will be more like regular computers with a ~3 year industrial lifespan. Computers have parts worth money, even a 4-5 year old amd or intel cpu. and Motherboard and ram. Asic machines will be paperweights. |
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It's a good price.... Wish I had more power...  No its not good price. Read previous posts.Why they dropped price so hard from 0.881 to this 0.63? S1 areWERE massive overpriced.I will wait moment or so to see is will get coupons. I made order for 5 units recently so will see how bitmain will treat me after sendin overcklocked units. They reading forum and they can see people are pissed of about how they doing business this days. FTFY. The new price is entirely reasonable, particularly for anyone who pays <$0.15/kwh and has the extra space and power. (Believing that the future price of BTC will rise also makes the calculations look a bit better). I would think that bitmain would be breaking even when they hit 0.5BTC or ~$250. This considers the chips to cost about $1 each ($64), 8 regulators that are about $4 each ($32), shipping that costs about $120, and probably $10 cost for the heatsinks. This is about $230 and does not even include the control board (~$10?), PCB (~$10/ea), and assembly. My money says that this might be nearly all the S1 units they have in stock before the S2 (or S3?) becomes the necessary next step. At 0.63 and the current BTC price, they are only looking at ~$50 profit per unit I would assume (which is still pretty good for the quantity they sell) The S2 price will hopefully make a drastic drop soon and be a bit more competitive at <5BTC Yes 2 day shipping is a HUGE cost when selling to retail. A better way is to send pallets to distributors weeks ahead of time then have the distributors send from within local. Of course im sure they want a discount |
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25% out of the biggest difficulty yet is something  From what i see on BitcoinWisdom it seems that we haven't reached or passed over 60k TH/s so the next difficulty jump after this one might be a very small one. Time will tell. you right if you compare biggest jumps. but history shows that 20% in real life is not that bad as later jumps are always smaller than predicted. That's because the predictions are flawed. As of now I'm showing 12.7% increase on 4/30. Average block time this difficult is 8.88 minutes. M Any jump over 2-3% is bad. Imagine buying a machine for $100. With a theoretical 15% increase every jump. In the first 10 days the machine makes you $10, then days 10-20 it makes only $8.40, then days 20-30 it makes $6.70. So the first 30 days it has made you $25.10. Based on my experience the first month a miner will make 70% of its lifetime ROI if the btc price stays steady. Mining equipment prices need to drop drastically, or the price of btc must rise exponentially, unlikely. This leads to a negative standard deviation for mining right now. |
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Thats the thing, at least its functional. Sucks though that no asic manufacturer advertises devices as new.
What else to do, send back express shipping (not cheap) and lose 7-10 days hashing also? and have another jump in difficulty when it comes back.
I never heard of refund policy, only replacement.
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I disagree, I think s2 will mine about 3 btc in its lifetime, before electricity costs (24kw per day). |
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Their April deadline changed
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Is BTC6.5 bad investment for batch 3?
I estimate 1T currently making 0.065 means 100 days to breakeven before difficulty increase or electricity costs. No go. S1 @ 0.831 for 180G makes 0.0125 or 67 days to breakeven. Risky too but possible. In 65 days the dificulty will increase from 6.9 to over 20+ Billion. After the 10 Billion mark in 2 1/2 weeks the miner is only making .0025 btc per day before the next jump. |
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It's true that they've been claimed to be that Eligius address, however they are currently (also?!) mining in BTCGuild -> AntMiner -> 353,536.97 GH/s.
It seems that the AntMiner team is running at 969,515.18 GH/s now (ID 431 474). Im sure most miners use more than one id and more than 1 pool. Maybe you missed when they said the s1 was 20+% of network. That's minimum 11PH now. Or similar to 60000 s1 |
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In the same boat, waiting a week now for my refund they agreed to issue in BTC and now no response to e-mails. Fuck these guys so bad.
Well they said they will refund in 7-10 business days so that may explain the delay, but it's still stupid to have to wait 10 working days when they were mining 500k$ per day. Cool. We'll see then in another few days. The competition is kicking their asses, I hope these guys rot. 1Th machines for $2300. Who cares if the power is 1.2w per GH, in 90 days the machies are outdated anyways. |
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I am VERY disappointed BITMAIN. I have a dozen S1s, and at this price I see no reason to buy S2s. I can buy 6 more S1s (1.1TH@375mhz), 3 gold PSs, and have $200 left to pay 2 months of additional electricity usage. What exactly is the benefit here? They take up less space? Or just to say I have one?  Needs to be priced at $1300  |
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IMO the price should be betwwen 2200$ and 2400$. Others like bit-tech or the dragon miners are selling for far less than 3199$.
I am "lucky" that my miners are working fine, problem with just one having my fans running at 100% all the time. Still didnt find any solution on how to control those god damn fans. So fans are still running, 3 of them are monitored in the antminer webinterface and with the first one it is showing 0 rpm ( but still running at 100% ). It is so loud, and bitmain replied to me that it is not possible to adjust fan control manually. So disapointing.
I hope someone can find a way to acces the miners configuration file, I really need to reset / control the fan settings with SSH or something like that. I tried everything I could in order to have my fan control working good.
I agree, Bitmain seems to REALLY be milking the S2 … That or they are trying not to piss off batch 1 or batch 2 customers... Batch 1 and 2 owners already made back $31-32 a day on the machines mining. Wow! Seriously, I am interest to see how you arrive at that. If it's true, I get 1 too. What im saying is 1Th will make about $31 a day hashing now. If you bought a machine last week for $3600 it is almost same price as if you order a batch 3 machine today for $3199 and receive it next week. |
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IMO the price should be betwwen 2200$ and 2400$. Others like bit-tech or the dragon miners are selling for far less than 3199$.
I am "lucky" that my miners are working fine, problem with just one having my fans running at 100% all the time. Still didnt find any solution on how to control those god damn fans. So fans are still running, 3 of them are monitored in the antminer webinterface and with the first one it is showing 0 rpm ( but still running at 100% ). It is so loud, and bitmain replied to me that it is not possible to adjust fan control manually. So disapointing.
I hope someone can find a way to acces the miners configuration file, I really need to reset / control the fan settings with SSH or something like that. I tried everything I could in order to have my fan control working good.
I agree, Bitmain seems to REALLY be milking the S2 … That or they are trying not to piss off batch 1 or batch 2 customers... Batch 1 and 2 owners already made back $31-32 a day on the machines mining. |
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BARF -being careful not to ship too many devices as to dilute the return to investors/customers. Who the fck are they shipping units to if it is not their customers???
obviously a delay tactic as they are making tons of equipment and mining in the meantime as stealthily as possible.
You can't mine stealthily with a ton of equipment. In Bitcoinland that's a contradiction in terms. Adding a few dozen or hundred TH here and there as machines are built and brought online, and staying in dark pools and jumping to other pools in and out. Not 5-1O PH additions in one day. |
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I already have my own hardware, and the noise isn't that bad. I was just curious if I could put in a high powered fan that isn't quite as loud and would do the same job. I have searched everywhere even looked up the brand of the fan inside the machine but can't find the stats on how much airflow it puts out. I grabbed a few 130cfm and that is pretty powerful... the most powerful I have seen anywhere online is 200cfm. So I am guessing you don't know what airflow these have stock?
They are around 120-125+ stock fans. Which is pretty decent airflow, but not the quietest. yopix is correct. 220-230+ |
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BARF -being careful not to ship too many devices as to dilute the return to investors/customers. Who the fck are they shipping units to if it is not their customers???
obviously a delay tactic as they are making tons of equipment and mining in the meantime as stealthily as possible.
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I already have my own hardware, and the noise isn't that bad. I was just curious if I could put in a high powered fan that isn't quite as loud and would do the same job. I have searched everywhere even looked up the brand of the fan inside the machine but can't find the stats on how much airflow it puts out. I grabbed a few 130cfm and that is pretty powerful... the most powerful I have seen anywhere online is 200cfm. So I am guessing you don't know what airflow these have stock?
They are around 120-125+ stock fans. Which is pretty decent airflow, but not the quietest. |
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