ANTMINER S5+ is available to order, 7.722TH/S 0.445J/GH

[yslyung]

watching

[1714951180]

1714951180

[1714951180]

1714951180

[1714951180]

1714951180

[QuintLeo]

calculated using an ideal AntMiner S5 hashing at 100% uptime per PPS payout

 Seems pretty specific to me.

[ITOP]

http://www.itop-corp.com/asset/cache/__h64__/internal/logo.png

So what kind of Wattage PSUs should one be running?( assuming they are getting 3x identical PSU) for the S5+

They recommend 3 of their PSU's - https://www.bitmaintech.com/productDetail.htm?pid=000201505040743496917U7kGsCm0694

I would agree with going with server PSU's on these.  Unless you happen to have them paid off ATX is going to be more expensive.

Someone mentioned having a separate PSU for the controller board and/or at least some separate power connection to the controller board and that it 'must' be powered on AFTER the hash boards.  Do you have any insight into that?

there is no issue we connect the hash boards & the control boards at the same time.
There are some running Videos and some of my customers already got the miners on hand from ITOP Corp

you can check more details here https://bitcointalk.org/index.php?topic=1146965.220

[cniht]

Yeah i emailed them about it and this is the response i received

"Hi,
Sorry, we're arranging the shipment of S5 very soon and the order has been confirmed by financial team, we cannot change it any more.
Thanks for the understanding.

Best Regards"


IE the order has not shipped yet but fuck you we won't change your order as we already have your money.

not great for a company you just spent 2500 usd with.

I ordered two S5's Second hand and my wire went through on Friday, the 'second' day after the order was placed.  Naturally also 'right' on the weekend, which sucks.  Was because I placed the original wire order after 2PM on day 1, thursday (literally 14 hours after I made the order on their website).  They now have my order listed as 'expired'.  Now MY bank is open 7 days a week so it doesn't matter.  Not sure on their own.  I wrote them a ticket asking if they were going to fill the now 'expired' order Monday (technically now) or were going to just credit my account the money and I'd 'reorder' the same units.  I also noted that the price had actually fallen $18 USD per unit from the time I placed the 'expired' order.  

How much you want to bet they fill my original 'expired' order and don't let me re-order leaving me with a $36 credit?  

Update to this:  My email just came through that the 'expired' order was paid. Can't blame them for hustling on that deal.

[cniht]

I do not believe in conspiracy theories. But I  do not believe,  that some of their 3 different PacMic still mine with antminer S5, as they say.
I just do not believe it.

 They specify they use the specs of an "ideal S5", not an actual S5.

No. THey write:

Contract Suspension
If after 120 days, a PACMiC has still not recovered the initial capital for its user, and is not mining enough revenue to pay for its own electricity cost (fixed at 0.098 USD per kWh, calculated using an ideal AntMiner S5 hashing at 100% uptime per PPS payout), whether because of difficulty increase or BTC price decrease, the PACMiC will continue paying out for ten days as though it were running, even if the machine is turned off. If these conditions persist for ten continuous days, the contract will be considered temporarily suspended. During the suspension period, mining revenues and profit payments will also be temporarily stopped. If after the suspension period, difficulty has dropped or bitcoin price has risen, making mining possible again, the contract will be reinstated and pick up where it left off.

Q:Is the PACMiC really risk-free?

A: Like all forms of bitcoin mining, there is a certain level of risk involved. If network difficulty unforeseeably skyrockets, or if the price of bitcoin drops too much, the Antminer S5 units backing the PACMiC may not be profitable to run and be forced to go offline, in which case contracts would be suspended (possibly indefinitely) and the user may not recover the initial cost of the miner. However, the AntMiner S5 is currently the most power efficient bitcoin miner available on the market, and would be among the last to be forced to power down under unfavorable market circumstances. It is our comprehensive evaluation that the likelihood of PACMiC holders not recovering their initial cost is indeed quite low. We ask that all users please understand the risks inherent to any sort of bitcoin mining, and also to understand that there is no such thing as a risk-free product.

Tupsu they state they use this calculation based on the S5.  That doesn't mean they use an S5, that's how they calculate your ROI.  They would be boneheaded to use the S5.

If I was them why the F would I use an S5 when I just released a miner S5+ that saves me 13% overhead and can run a full 7 PACMiC contracts at a time on one device?  I completely agree with the level of risk aspect you state.  But I would re-state my previous response:  You (the purchaser of these) are giving them a loan.  A loan with no hard and directly quantifiable interest, or collateral, and that they can shut down payment at a whim with no recourse.  They are getting WAY better Electrical rates than the .098 they quoted, and in all likelihood keeping the excess 3-5 cents per kw/h for themselves or to cover their ass should the market take a dump.  None of which btw is illegal.  Little shady on the ethics side, and definitely not transparent, but that's the world today, especially in China and it is NOT illegal.  So as they say Caveat Emptor.

PS:  Side note, whoever was in their marketing departments needs to be shot.  I know religion has fallen by the wayside these days, and China is officially 'Atheist', but selling your contract at .666 bitcoin internationally?  Maybe that is just Karma's way of telling people to stay away.

[Finksy]

Everybody seems to forget the PSU needs for this evel miner.
If you need 2 x 2880 Watt breakout boards around 340$ and 42 PCI cables for around 126$ and then last 2 x IBM Blader sever PSU of around 90-100$ for a refurb. So total you have to add around 660$ pr unit to just get this beast up running!
Thats a hughe cut in earnings....
If you use the same amount of Breakout boards, cables and Blade psu`s for an S5 setup, you are able to run 8 S5´s for the same amount of money, giving 9.6TH.
If someone can explain to me why this should be a better deal, please explain, since I cant see it :-o

Just to clarify, for 2x complete 2880W PSU's to power 1x S5+ (with an extra 2000+W in power leftover...) this would be your cost:

2x Breakout boards - $140
19x PCIe cables (2 per hashboard is more than adequate + 1 for controller) - $47.5
2x refurb PSU's - $140 (can occasionally be found for less online)

So that gives $327.50 + shipping, which would run no more than $45 to the US.

More efficiently would be to run 2x S5+ on 3x PSU's (And still have 1800+W of additional power for other miners):

3x breakout boards - $210
38x PCIe cables - $95
3x refurb PSU's - $210 (can occasionally be found for less online)

Brings it to $515 + shipping, or $257.50 per miner.   All you would need in addition to the above would be C19 cable to whatever plug you are planning on using.  On top of that, you can still run 2 or 3 S5's on the leftover power from these PSU's if you lay them out correctly.

These are my prices for North America, J4bberwock has similar prices for EU orders. Both options are still cheaper than using 3 of Bitmain's PSU's.

P.S. Sloopy, as usual you are too kind, the words are much appreciated.

[notlist3d]

So what kind of Wattage PSUs should one be running?( assuming they are getting 3x identical PSU) for the S5+

They recommend 3 of their PSU's - https://www.bitmaintech.com/productDetail.htm?pid=000201505040743496917U7kGsCm0694

I would agree with going with server PSU's on these.  Unless you happen to have them paid off ATX is going to be more expensive.

Someone mentioned having a separate PSU for the controller board and/or at least some separate power connection to the controller board and that it 'must' be powered on AFTER the hash boards.  Do you have any insight into that?

there is no issue we connect the hash boards & the control boards at the same time.
There are some running Videos and some of my customers already got the miners on hand from ITOP Corp

you can check more details here https://bitcointalk.org/index.php?topic=1146965.220

I see you have been posting a lot.  Are you a official reseller?  (IE bitmain warrenty is still valid if bought from you, as it does not transfer people which kills most resellers).

Just was not sure if you are official reseller or unofficial.  Thanks.

[Antpool]

Please update regarding my question - Question from BITMAIN

I am really wonder, Does all China states and cities charge apply so much tax as 1.527 BTC (403.750 USD) by buying each single unit of s5+ ? what about hongking shipping does any such tax applies on hongkong shipping address ?

Hong Kong is out of VAT, so if you choose on webpage HK, you will see NO VAT!

[notlist3d]

Please update regarding my question - Question from BITMAIN

I am really wonder, Does all China states and cities charge apply so much tax as 1.527 BTC (403.750 USD) by buying each single unit of s5+ ? what about hongking shipping does any such tax applies on hongkong shipping address ?

Hong Kong is out of VAT, so if you choose on webpage HK, you will see NO VAT!

And I'm sure they will kill this now that it was posted.  I'm sure it was a mistake if website does not charge vat based on website and not address.

If you don't pay vat when you should would it not cause problems during shipping?  Seems like they would catch it.

[Antpool]

It done on the base of chinese VAT regulations. if you order miners to HK, you dont pay VAT. You can check it on webpage!

https://www.bitmaintech.com/productDetail.htm?pid=0002015081407532655504JMKzsM067B
and it wont be changed!

[notlist3d]

It done on the base of chinese VAT regulations. if you order miners to HK, you dont pay VAT. You can check it on webpage!

https://www.bitmaintech.com/productDetail.htm?pid=0002015081407532655504JMKzsM067B
and it wont be changed!

Ahh ok from  your post I thought you meant just ordering from website caused not vat.  That it was not basing it on destination but website.

Hong Kong is out of VAT, so if you choose on webpage HK, you will see NO VAT!

[dogie]

I see you have been posting a lot.  Are you a official reseller?  (IE bitmain warrenty is still valid if bought from you, as it does not transfer people which kills most resellers).

Just was not sure if you are official reseller or unofficial.  Thanks.

There are no official resellers any more and there is no qualification by Bitmain. The only recommendation is to buy from the official webstore (which is still going to be the cheapest anyway), anything else you do so at your own risk, and with them for order and warranty support.

[itop_james]

i placed an order for 6 x antminer s5's 1 day before the s5+ was released and paid in full, now  the bitmaintech support wont let me transfer my funds to a new order and pay the remaining difference to receive the s5+....not very pleased.

S5+ is today  2341 USD

Friday, it was the price  2375 USD

Should I now cancel the order of Friday and today to make a new order 

If you Placed order for S5+ at USD2341, and now you need to cancel the order again it is USD2307 now

[yxt]

There are no official resellers any more and there is no qualification by Bitmain. The only recommendation is to buy from the official webstore (which is still going to be the cheapest anyway), anything else you do so at your own risk, and with them for order and warranty support.

not true

> "Customer Service : Yanhua Qin   2015-08-05 04:21:26
> Hi,
> you may contact support_at_hadsystems.de directly, it's our official
> distributor in Germany."

[dogie]

There are no official resellers any more and there is no qualification by Bitmain. The only recommendation is to buy from the official webstore (which is still going to be the cheapest anyway), anything else you do so at your own risk, and with them for order and warranty support.

not true

> "Customer Service : Yanhua Qin   2015-08-05 04:21:26
> Hi,
> you may contact support_at_hadsystems.de directly, it's our official
> distributor in Germany."

Well you've sort of just proven my point, if you buy from a 3rd party then support and warranty is via a 3rd party not Bitmain. Hence if you want to guarantee you don't get a situation like Minersource again, you purchase directly from Bitmain.

[philipma1957]

I am not defending dogie , but   he said it is cheaper to buy from bitmaintech then itop.

Now itop may not like that but that was true.

http://www.itopshop.net/world-biggest-miner-antminer-s5-bitcoin-miner-77-t-3436w-p-271.html

3299  plus shipping


https://www.bitmaintech.com/productDetail.htm?pid=0002015081407532655504JMKzsM067B

2307 plus shipping


so we are talking about a big mark up here.

My question to iTop is will you reduce price or keep the markup?

[Tupsu]

If you Placed order for S5+ at USD2341, and now you need to cancel the order again it is USD2307 now

I payd today order, made  on Friday. 2375 USD for miner + shipping

I pay 20% of VAT. So my loss total for 3 day is 81.60 USD

[-droid-]

I am not defending dogie , but   he said it is cheaper to buy from bitmaintech then itop.

Now itop may not like that but that was true.

http://www.itopshop.net/world-biggest-miner-antminer-s5-bitcoin-miner-77-t-3436w-p-271.html

3299  plus shipping


https://www.bitmaintech.com/productDetail.htm?pid=0002015081407532655504JMKzsM067B

2307 plus shipping


so we are talking about a big mark up here.

My question to iTop is will you reduce price or keep the markup?

id consider buying from itop since he takes paypal, but the higher price is a dealbreaker.. i can see why one would charge a slight premium to cover merchant fees but not that much

[notlist3d]

I am not defending dogie , but   he said it is cheaper to buy from bitmaintech then itop.

Now itop may not like that but that was true.

http://www.itopshop.net/world-biggest-miner-antminer-s5-bitcoin-miner-77-t-3436w-p-271.html

3299  plus shipping


https://www.bitmaintech.com/productDetail.htm?pid=0002015081407532655504JMKzsM067B

2307 plus shipping


so we are talking about a big mark up here.

My question to iTop is will you reduce price or keep the markup?

The biggest thing in my mind is if you buy direct from bitmain you have 90 day warranty.  Warranty do not transfer so if you buy from ITOP you have no bitmain warranty, unless they are lying to bitmain and send it in as if they still owned it and did not sell it.

[Tupsu]

I am not defending dogie , but   he said it is cheaper to buy from bitmaintech then itop.

Now itop may not like that but that was true.

http://www.itopshop.net/world-biggest-miner-antminer-s5-bitcoin-miner-77-t-3436w-p-271.html

3299  plus shipping


https://www.bitmaintech.com/productDetail.htm?pid=0002015081407532655504JMKzsM067B

2307 plus shipping


so we are talking about a big mark up here.

My question to iTop is will you reduce price or keep the markup?

I think, Itop  bought they  more expensively , than the current Bitmaintech S5+ price.

I lost with  my order only from friday to monday 81,6 USD

They bought them a week earlier. I do not think there is a lot of profit in the    price.