BITMAIN launches 4th generation Bitcoin mining ASIC: BM1385

[edonkey]

1 September will be a perfect day! 

More likely "the first week of September", but yeah, we can dream...

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[Meech]

I see a lot of guesses of the release of the S7 but don't recall any about possible hashrate of it.  I can run the numbers too but I'm sure someone has some insight on what will be released.  In the past they only release one type of miner at a time, but they would benefit greatly in sales if they could manage two different models at launch.  It would be cool to have a 1th unit and a 5+th unit.

[notlist3d]

I see a lot of guesses of the release of the S7 but don't recall any about possible hashrate of it.  I can run the numbers too but I'm sure someone has some insight on what will be released.  In the past they only release one type of miner at a time, but they would benefit greatly in sales if they could manage two different models at launch.  It would be cool to have a 1th unit and a 5+th unit.

This would not be the normal model.  Normally they release a smaller unit the odd number.  Then after a while they can make buzz with a new miner that is even number with bigger hashrate and a little better efficiency.

I would be really surprised if we get lucky enough to get both released at once.

[dogie]

0,216*1.0638 (ideal string design + platinum PSU at peak 94% efficiency) = 0.23
This 230W at wall is to idealistic. Real world numbers will be 250-260W/TH.

230W is at the wall, it includes PSU and any other inefficiencies. They've not been wrong on the previous 3 generations so I'm not sure why they'd get it wrong now.

What's the PSU efficiency assumed in the calculation? How far in advance before producing actual miners have they announced the previous 3 (perhaps you meant 2) generations of chips?

Nevermind, I'm too blind for Bitmain's fine print.

Bitmain had to backpedal on S3 specs and they issued a compensation for Batch 1 purchases - so that's 2 out of 3 as far as not being wrong.

That wasn't chips, that was inappropriate DC-DC which made it unstable for 24/7 use.

[goxed]

Great news!! Waiting for Antminer S7!

[generalt]

Can't wait to find out the pricing for these.  I'm guessing they're not going to be cheap though.

[Chris_Sabian]

It will be interesting to see what the price is going to be.  The next halving in going to take place in a year so that will really hurt the bottom line for everyone.  Any possible ideas for a fair price?

[philipma1957]

It will be interesting to see what the price is going to be.  The next halving in going to take place in a year so that will really hurt the bottom line for everyone.  Any possible ideas for a fair price?

if this gear is sold earlier then OCT 1  the July 2016 halving is pretty much a non issue.

as you would have

OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN 

 9 FULL Months   before July halving.

As to a fair price  they have been pricing gear to break even in 250 days at 10 cent power.

[sidehack]

Consider that, if they and others start shipping better gear and there is still a fair bit of viable existing gear, the diff will continue to increase which pushes the halving that much closer.

[Chris_Sabian]

It will be interesting to see what the price is going to be.  The next halving in going to take place in a year so that will really hurt the bottom line for everyone.  Any possible ideas for a fair price?

if this gear is sold earlier then OCT 1  the July 2016 halving is pretty much a non issue.

as you would have

OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN 

 9 FULL Months   before July halving.

As to a fair price  they have been pricing gear to break even in 250 days at 10 cent power.

I just did a quick calculations and with those numbers it looks like ~2 bitcoin per TH/s.  I used 1 Th/s with 230 watts and 10 cent power.  That would just be for the miner.  Would you consider shipping with base price?

[suchmoon]

0,216*1.0638 (ideal string design + platinum PSU at peak 94% efficiency) = 0.23
This 230W at wall is to idealistic. Real world numbers will be 250-260W/TH.

230W is at the wall, it includes PSU and any other inefficiencies. They've not been wrong on the previous 3 generations so I'm not sure why they'd get it wrong now.

What's the PSU efficiency assumed in the calculation? How far in advance before producing actual miners have they announced the previous 3 (perhaps you meant 2) generations of chips?

Nevermind, I'm too blind for Bitmain's fine print.

Bitmain had to backpedal on S3 specs and they issued a compensation for Batch 1 purchases - so that's 2 out of 3 as far as not being wrong.

That wasn't chips, that was inappropriate DC-DC which made it unstable for 24/7 use.

Same difference for the end user. It did change J/GH at the wall, so it's not inconceivable that 230W could turn into 250W for the S7 as well.

[jmelnick]

considering BitFury already has FULL CUSTOM at 28 nm at 0.2 and ALREADY taped out at 0.05 with TSMC - I wish BITMAIN lots of luck. I also wish BITMAIN customers stength and hope they will ever see the return on investment.

[mazedk]

considering BitFury already has FULL CUSTOM at 28 nm at 0.2 and ALREADY taped out at 0.05 with TSMC - I wish BITMAIN lots of luck. I also wish BITMAIN customers stength and hope they will ever see the return on investment.

Which we havent seen actual proof of have we? - and, if they do, its not going to be commonly available to the mortals

[Starin]

considering BitFury already has FULL CUSTOM at 28 nm at 0.2 and ALREADY taped out at 0.05 with TSMC - I wish BITMAIN lots of luck. I also wish BITMAIN customers stength and hope they will ever see the return on investment.

It rather feels like a urban legend, lol.

[Chris_Sabian]

considering BitFury already has FULL CUSTOM at 28 nm at 0.2 and ALREADY taped out at 0.05 with TSMC - I wish BITMAIN lots of luck. I also wish BITMAIN customers stength and hope they will ever see the return on investment.

Which we havent seen actual proof of have we? - and, if they do, its not going to be commonly available to the mortals

If Bitmain wasn't going to sell miners to 'home' users, then why even make the announcement?  I'm sure that Bitmain already has several large 'professional' accounts that would really like to buy the newest chips. 

[toptek]

considering BitFury already has FULL CUSTOM at 28 nm at 0.2 and ALREADY taped out at 0.05 with TSMC - I wish BITMAIN lots of luck. I also wish BITMAIN customers stength and hope they will ever see the return on investment.

Which we havent seen actual proof of have we? - and, if they do, its not going to be commonly available to the mortals

If Bitmain wasn't going to sell miners to 'home' users, then why even make the announcement?  I'm sure that Bitmain already has several large 'professional' accounts that would really like to buy the newest chips. 

I agree even KNC didn't announce like this .

 SO the S7 is coming soon its looking good at 230W/TH AntMiner S7 wonder what the TH per miner will be maybe 2.2TH ? .
and cost .

[lucky1974]

“We anticipate that before we release our full-custom 16 nanometer chip, the BM1385 will continue to be the industry standard for the bitcoin mining industry,” said Bitmain co-founder Wu Jihan. “We will continue to strive for more efficiency and lower costs for our customers.”

and the S7 IS NOT THE 16nm full customized chip so I am still going to wait.

[mazedk]

“We anticipate that before we release our full-custom 16 nanometer chip, the BM1385 will continue to be the industry standard for the bitcoin mining industry,” said Bitmain co-founder Wu Jihan. “We will continue to strive for more efficiency and lower costs for our customers.”

and the S7 IS NOT THE 16nm full customized chip so I am still going to wait.

16nm is bling bling expensive. And, why kick themselves in the nuts by going to fast forward - they still do well with 28nm.

considering BitFury already has FULL CUSTOM at 28 nm at 0.2 and ALREADY taped out at 0.05 with TSMC - I wish BITMAIN lots of luck. I also wish BITMAIN customers stength and hope they will ever see the return on investment.

Which we havent seen actual proof of have we? - and, if they do, its not going to be commonly available to the mortals

If Bitmain wasn't going to sell miners to 'home' users, then why even make the announcement?  I'm sure that Bitmain already has several large 'professional' accounts that would really like to buy the newest chips. 

Sure they do, but i'd be willing to bet they havent taped out on 16nm yet. So sure, these chips are possibly already in large scale production - or very very close - but they need to bring the little people in aswell, thats where they make the most profit per sold miner - hense fund their future R&D

[adaseb]

So I guess people in Europe or other places with high KWH prices will be able to jump back into mining I guess.

[notlist3d]

So I guess people in Europe or other places with high KWH prices will be able to jump back into mining I guess.

I don't know if this is true a lot will upgrade to new efficient gear eventually.  So you would still compete with others with same disadvantage of high electricity prices.

What will happen is old gear gets sold to miners in cheaper electricity areas.  So most stay's on network.    I would be surprised if even a new chip allows high electrical places to ROI.  But I hope I'm wrong on that.