egyproductions (OP)
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June 30, 2015, 03:02:08 AM Last edit: June 30, 2015, 03:31:10 AM by egyproductions |
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So i got a reply from bitmain. apparently they're releasing their antiminer S7 in july ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVLetvMY.png&t=665&c=9s3Hu6mXV_-IjA)
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Argwai96
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June 30, 2015, 05:26:32 AM |
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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.
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egyproductions (OP)
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June 30, 2015, 05:31:06 AM |
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Depends where you live, electricity price is what matters.
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Argwai96
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June 30, 2015, 05:37:52 AM |
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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?
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egyproductions (OP)
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June 30, 2015, 05:51:12 AM |
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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 - ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FrSdpBMt.png&t=665&c=GgFtgbpsxRtXwA) 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.
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Amph
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June 30, 2015, 07:12:43 AM |
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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
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innerchaos
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June 30, 2015, 08:16:57 AM |
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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
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Xialla
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June 30, 2015, 08:18:44 AM |
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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:(
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Rabinovitch
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June 30, 2015, 10:45:23 AM |
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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. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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dunand
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June 30, 2015, 11:33:24 AM |
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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.
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sidehack
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June 30, 2015, 11:43:50 AM |
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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.
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Argwai96
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June 30, 2015, 12:08:36 PM |
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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.
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Xialla
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June 30, 2015, 12:37:52 PM |
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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..
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anamichii
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June 30, 2015, 01:02:45 PM |
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Waw S7 will be released on july? cant the s5 price dropped after that?
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dogie
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June 30, 2015, 01:07:46 PM |
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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+.
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anamichii
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June 30, 2015, 01:10:12 PM |
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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?
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Tupsu
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June 30, 2015, 03:19:54 PM |
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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.
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June 30, 2015, 05:39:01 PM |
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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
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MCHouston
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June 30, 2015, 06:18:38 PM |
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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.
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BTC 13WWomzkAoUsXtxANN9f1zRzKusgFWpngJ LTC LKXYdqRzRC8WciNDtiRwCeb8tZtioZA2Ks DOGE DMsTJidwkkv2nL7KwwkBbVPfjt3MhS4TZ9
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mrkubanftw
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June 30, 2015, 07:37:13 PM |
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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.
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