New mining hardware for july

[egyproductions]

So  i got a reply from bitmain.
apparently they're releasing their antiminer S7 in july

[Argwai96]

i dont see why people are still looking into buying new mining equipment if the network is run by this huge mining farms, small operations are no longer profitable.

[egyproductions]

Depends where you live, electricity price is what matters.

[Argwai96]

Depends where you live, electricity price is what matters.

well yea i guess electricity price matters when it comes to that, then difficulty and ROI based on the price of the miner, what would be the best situation for a profitable mining operation?

[egyproductions]

Well, Where i live, The electricity is about 10p/w
So a single 1150g Bitmain antminer s5 will pay you $3 a day
Complete stats -
so 100 miners will pay you $300 a day.

I think that's good profit...the numbers above are calculate using the current bitcoin exchange rate, and we all know whats going to happen to the price of bitcoin in the future.

[Amph]

still no specs for something that is supposed to be released next month?

the efficiency would not be so fabulous, so hold your hope on this, because from here, the difference with the next efficiency will be always more slim

[innerchaos]

Well, Where i live, The electricity is about 10p/w
So a single 1150g Bitmain antminer s5 will pay you $3 a day
Complete stats - (picture omitted to save space)
so 100 miners will pay you $300 a day.

I think that's good profit...the numbers above are calculate using the current bitcoin exchange rate, and we all know whats going to happen to the price of bitcoin in the future.

Can you imagine the $144.00 per day electric cost and then $4400.00 electric bill per month...WOW

[Xialla]

this is maybe somehow important for chinese mining farms, because home mining is actually dead already, I'm not excited like before with new mining machines:(

[Rabinovitch]

So  i got a reply from bitmain.
apparently they're releasing their antiminer S7 in july

I strongly hope that S2 upgrade kit will at last be announced with this S7. 

[dunand]

i dont see why people are still looking into buying new mining equipment if the network is run by this huge mining farms, small operations are no longer profitable.

this is maybe somehow important for chinese mining farms, because home mining is actually dead already, I'm not excited like before with new mining machines:(

There is no economy of scale for running a large farm. Large miners uses the same equipment of a hobby miner.

[sidehack]

Right, but they also negotiate discounted utility rates, and get all of their equipment cheaper. The only advantage a home miner has over a farm is not paying someone to maintain it.

[Argwai96]

Well, Where i live, The electricity is about 10p/w
So a single 1150g Bitmain antminer s5 will pay you $3 a day
Complete stats - (picture omitted to save space)
so 100 miners will pay you $300 a day.

I think that's good profit...the numbers above are calculate using the current bitcoin exchange rate, and we all know whats going to happen to the price of bitcoin in the future.

Can you imagine the $144.00 per day electric cost and then $4400.00 electric bill per month...WOW

pretty crazy to get a light bill like that, is great that the mining equipment companies are trying to make miners more efficient when it comes to power and hash but this is more of a Chinese  farms influence then home miners.

[Xialla]

There is no economy of scale for running a large farm. Large miners uses the same equipment of a hobby miner.

yes, but they can negotiate different prices for electricity or connectivity, they don't pay prices + VAT and density of operation is also completely different. Even if they use same equipment, they had just different conditions..

it is like comparing freelancer and software company with argument, that both may use lenovo laptop with windows 7..

[anamichii]

Waw S7 will be released on july?
cant the s5 price dropped after that?

[dogie]

still no specs for something that is supposed to be released next month?

Same as always, announcement goes up when batch is ready to sell. Same with S1, S2, S3, S4, S5, S4+.

[anamichii]

still no specs for something that is supposed to be released next month?

Same as always, announcement goes up when batch is ready to sell. Same with S1, S2, S3, S4, S5, S4+.

antpool's hashrate going up from 66 PHs to 76.57 PH/s
it's caused by testing this unit?

[Tupsu]

Can you imagine the $144.00 per day electric cost and then $4400.00 electric bill per month...WOW

Yes, I can.  I  pay more than 3,000 euros per month for electricity...

+ 70TH/s [61x Antminer S5]  from www.hashnest.com  Maintenance Fee:$0.001175/GHS/Day

70TH/s = $2483 per 30 day.

[-droid-]

i hope its alot quieter than the s5, not a big deal for farms or people with small data centers but for home miners its noticable

[MCHouston]

i hope its alot quieter than the s5, not a big deal for farms or people with small data centers but for home miners its noticable

We will probably just have to mod the fans again, I think Bitmain is more concerned with the big farms and keeping cost low by just using a industrial jet engine noise fan.

I find the white noise from the fans relaxing, sometimes I open the doors to the mining rooms at my house. It makes me fall asleep faster.

[mrkubanftw]

still no specs for something that is supposed to be released next month?

Same as always, announcement goes up when batch is ready to sell. Same with S1, S2, S3, S4, S5, S4+.

antpool's hashrate going up from 66 PHs to 76.57 PH/s
it's caused by testing this unit?

I doubt it. Overall hash hasn't changed much. My guess is a pool switch. Consider btcguild just shut down. Or has had it announced for June for a while now. I myself left btcguild months ago when the luck went super south. Now i reside on antpool. Many users are doing this i assume.