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Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH
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on: December 15, 2015, 04:01:40 PM
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Well in my experience miners run a very long time, 24/7. Some people have problems, but it seems to be hit or miss. I've run mine (s1 to s5) for more than a year no problems. Macedonia eh? Cool, I've been there once...road trip...nice place, I remember eating at a 5 star restaurant next to a lake, for a couple of bucks...awesome country. The price doesnt go up with difficulty, but right now it is. Buying mining equipment is a bit of a gamble, like buying bitcoin I suppose.
You've probably been to Ohrid. It's where I live. So do you think the bitcoin will rise in the next couple of months? Yeah I believe we are going into another massive pump...to be followed by a massive dump  One last question. I just realised the new Batch 9 on the website. How is it any different than the Batch 8? As Rich said, batch 8 is pretty much the final version of the s7, so batch 9 seems to be the same as batch 8. But thats a "pre-order" for one month...a lot can happen in one month. Thanks a lot for the answers. |
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Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH
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on: December 15, 2015, 03:42:46 PM
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Well in my experience miners run a very long time, 24/7. Some people have problems, but it seems to be hit or miss. I've run mine (s1 to s5) for more than a year no problems. Macedonia eh? Cool, I've been there once...road trip...nice place, I remember eating at a 5 star restaurant next to a lake, for a couple of bucks...awesome country. The price doesnt go up with difficulty, but right now it is. Buying mining equipment is a bit of a gamble, like buying bitcoin I suppose.
You've probably been to Ohrid. It's where I live. So do you think the bitcoin will rise in the next couple of months? Yeah I believe we are going into another massive pump...to be followed by a massive dump One last question. I just realised the new Batch 9 on the website. How is it any different than the Batch 8? |
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Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH
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on: December 15, 2015, 03:23:54 PM
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Well in my experience miners run a very long time, 24/7. Some people have problems, but it seems to be hit or miss. I've run mine (s1 to s5) for more than a year no problems. Macedonia eh? Cool, I've been there once...road trip...nice place, I remember eating at a 5 star restaurant next to a lake, for a couple of bucks...awesome country. The price doesnt go up with difficulty, but right now it is. Buying mining equipment is a bit of a gamble, like buying bitcoin I suppose.
So do you think the bitcoin will rise in the next couple of months? |
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Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH
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on: December 15, 2015, 03:07:43 PM
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Does anyone have any info on the life span of Antminer S7 Batch 8 or Batch 9?
Or at least approximately
Lifespan in terms of making money or reliability? I am asking because this is going to be my first miner ever. I am planning on running it 24/7 in a really cold room. Noise is not a problem. Electricity is $0.089 kW/h. In my country the average monthly payment for a job is $220...  With my calculations this machine is going to be bringing me around $415 per month and around $330 profit. Break even in 3 months . Break even will be longer my friend. But "free" heat is always good no ? With the difficulty rise, you will make 400, then, 350, then 300 per month (im pulling numbers out of thin air), etc. But you will make a profit even after halving hopefully, you electricity isnt too bad. Also consider that you will sell the miner after a while. How much will it be worth after the halving ? Hard to say. Judging from experience, it will retain much of its value. Its a lot of money (even though some people here dont hesitate to drop 50k on miners...but then again its all re-invested money). Also dont forget customs and taxes, I had to pay over 300$cad (god damn...). Thanks for the quick reply. Customs are not a problem Since I got into bitcoin like a month ago I still do not know how easy/hard it is to sell a bitcoin. I created a wallet a few days ago and bought $20 worth of BTC just to see how the procedure works. Now I want to ask, if the difficulty rises, isnt the BTC's price going to go up? And literally less than 100 people in my country know about BTC and mining.. Not sure how I am going to sell the miner. And I was asking about the life span meaning how long till it dies after running 24/7. English is not my native. |
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Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH
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on: December 15, 2015, 02:53:14 PM
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Does anyone have any info on the life span of Antminer S7 Batch 8 or Batch 9?
Or at least approximately
Lifespan in terms of making money or reliability? I am asking because this is going to be my first miner ever. I am planning on running it 24/7 in a really cold room. Noise is not a problem. Electricity is $0.089 kW/h. In my country the average monthly payment for a job is $220... With my calculations this machine is going to be bringing me around $415 per month and around $330 profit. Break even in 3 months . |
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Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH
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on: December 14, 2015, 12:38:41 PM
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I know this type of project is right up your alley and you've already pulled the trigger so to speak but you seem to be the perfect candidate for having your S7s hosted in a data center. Good luck and I hope it all works out for you so you can get all of your machines pointed towards Kano!
Yes, I'm pulling the trigger. I'm just the type of guy who prefers to do it themselves. If anything were to go wrong with a rig, there is no one to blame buy myself or the manufacturer [Depending on what went wrong]. I feel better not being concerned about if anything went wrong, would I be compensated for the loss of a rig(s). I've seen too many horror stories for me to risk 78 or more rigs potentially getting lost, stolen, burned up, etc... then hope they had insurance that would take care of it IN AN EFFICIENT AND TIMELY MANNER. There are good hosting centers I might consider trusting in the future, such as, Toomin, sidehack, or Oregon Miners. That's about it. In the mean time, I intend to keep going here till I reach 600 amp demand and cannot add anymore. THEN, I will see about hosting the rest afterwards. The price savings between keeping them for myself verses hosting is very little difference IMHO. At least during the winter. At present, my revenue is 4 times my power costs. EDIT: BY THE WAY, Good job finding that block on kano.isdmwardjr sir I can see that youre experienced in bitcoin and bitcoin mining. I plan on buying the S7 Batch 8. I live in Macedonia so the estimated shipping is $150 for the miner and the PSU. I want to ask you what the life span of the S7 is, without overclocking. So I pay $1450 for miner and PSU, $150 for shipping, $80 for electricity each month. Will it be profitable now or in the future? I just got into bitcoin, dont know much. Calculate here: http://www.coinwarz.com/cryptocurrency/?sha256hr=11000&sha256p=750.00&sha256pc=0.0000&sha256c=true&scrypthr=75000.00&scryptp=1500.00&scryptpc=0.1000&scryptc=false&scryptnhr=300.00&scryptnp=420.00&scryptnpc=0.1000&scryptnc=false&x11hr=13500.00&x11p=600.00&x11pc=0.1000&x11c=false&x13hr=9750.00&x13p=600.00&x13pc=0.1000&x13c=false&keccakhr=1260.00&keccakp=825.00&keccakpc=0.1000&keccakc=true&quarkhr=6300.00&quarkp=825.00&quarkpc=0.1000&quarkc=false&groestlhr=45.00&groestlp=825.00&groestlpc=0.1000&groestlc=true&blake256hr=6.40&blake256p=450.00&blake256pc=0.1000&blake256c=false&neoscrypthr=400.00&neoscryptp=400.00&neoscryptpc=0.1000&neoscryptc=false&lyra2rev2hr=13500.00&lyra2rev2p=825.00&lyra2rev2pc=0.1000&lyra2rev2c=false&cryptonighthr=1950.00&cryptonightp=750.00&cryptonightpc=0.1000&cryptonightc=false&e=CryptsyI'm getting revenue profit: $13.36 - $2.78 for electricity = $10.58 per day Is this considered good? And as I asked, what is the life span of the S7 Batch 8? |
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Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH
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on: December 14, 2015, 09:42:16 AM
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I know this type of project is right up your alley and you've already pulled the trigger so to speak but you seem to be the perfect candidate for having your S7s hosted in a data center. Good luck and I hope it all works out for you so you can get all of your machines pointed towards Kano!
Yes, I'm pulling the trigger. I'm just the type of guy who prefers to do it themselves. If anything were to go wrong with a rig, there is no one to blame buy myself or the manufacturer [Depending on what went wrong]. I feel better not being concerned about if anything went wrong, would I be compensated for the loss of a rig(s). I've seen too many horror stories for me to risk 78 or more rigs potentially getting lost, stolen, burned up, etc... then hope they had insurance that would take care of it IN AN EFFICIENT AND TIMELY MANNER. There are good hosting centers I might consider trusting in the future, such as, Toomin, sidehack, or Oregon Miners. That's about it. In the mean time, I intend to keep going here till I reach 600 amp demand and cannot add anymore. THEN, I will see about hosting the rest afterwards. The price savings between keeping them for myself verses hosting is very little difference IMHO. At least during the winter. At present, my revenue is 4 times my power costs. EDIT: BY THE WAY, Good job finding that block on kano.isdmwardjr sir I can see that youre experienced in bitcoin and bitcoin mining. I plan on buying the S7 Batch 8. I live in Macedonia so the estimated shipping is $150 for the miner and the PSU. I want to ask you what the life span of the S7 is, without overclocking. So I pay $1450 for miner and PSU, $150 for shipping, $80 for electricity each month. Will it be profitable now or in the future? I just got into bitcoin, dont know much. |
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