ASIC MINING - Newest hardware and the future

[Searing]

What is everyones thoughts on purchasing a antminer s7 in the next month or 2, With the halving would it be worth it, Do you think during the halving they might come out with an even better miner and s7 price will fall alot? I currently have a S5, But I was planning on selling it and purchasing a s7 in a month or 2

what is your elec? my elec is 13c kwh so its a no go.

From what I understand bitfury has a 100 million dollar data hall coming on line with their newest chips. Spondoolies SP50 110 TH units are coming but going to go to Data Hall first and not sure if/when any will be public. Avalon data hall of course with the units you crave will add to difficulty rise and of course no one knows wtf is going on with KNC in that they make 16nm chips for own use now and as likely gonna make another data hall etc

and it seems to me most of this stuff will hit the network more or less at the same time (some are on time ...some late some more then late) but the timelines look rough difficulty wise)

so my no way

when the elephants get out on the dance floor because they decided to 'polka' its best for us mice dancing to clear the dance floor

the only thing worth mining maybe is a used titan if you can find one with an 11 month roi with elec and that may not sound great..but would even at that be a rare 'unicorn' sighting indeed..they are priced so high on ebay they will never ROI even at cheap elec

anyway get a moon lander 1mh usb scrypt stick for 32 bucks each 5 bucks shipping and/or a sidehack usb 8gh btc mining stickstick for 25 bucks and 6 bucks shipping up to 3 to a box for your NO ROI toys....at least you can have fun w/o losing your shirt..

anyway how i look at it

[1715052846]

1715052846

[1715052846]

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[onefastgsr]

I got 8 cents / kw electricity, My s5 is current getting 50/month over electricity costs, average. luckily I got it for a good price so even when I sell it i'll get my money back if not more for the miner. Was thinking if I got a S7, used it for 4-5 months. then resell for money back possibly.

[densuj]

I think more profitable trading than mining. I am sorry  if i am wrong 

Your answer is generic. Low experienced traders tend to lose money instead of making them, moreover we have many types of trading, like many types of mining. Homemade rigs are long gone, it's almost impossible to make ROI with Bitcoin volatility and increasing difficulty.
My advice: if you are a "home miner", try something else. If you are determined to open a new farm, do your maths carefully, you could waste a lot of money.

I agree, but:

It's not all about the BTCBTCBTC! 

If you can utilize the heat, home mining isn't that bad!
Beats a http://ecx.images-amazon.com/images/I/8123-lyf16L._SL1500_.jpg anyday! 

Part of it is about what you enjoy.  For example mining is a passion for me.  I truly enjoy it.  So I will keep on doing it.

I can see why not everyone does it.  But for many it works.

Yes all of you are right and i am wrong 

[notlist3d]

I think more profitable trading than mining. I am sorry  if i am wrong 

Your answer is generic. Low experienced traders tend to lose money instead of making them, moreover we have many types of trading, like many types of mining. Homemade rigs are long gone, it's almost impossible to make ROI with Bitcoin volatility and increasing difficulty.
My advice: if you are a "home miner", try something else. If you are determined to open a new farm, do your maths carefully, you could waste a lot of money.

I agree, but:

It's not all about the BTCBTCBTC! 

If you can utilize the heat, home mining isn't that bad!
Beats a http://ecx.images-amazon.com/images/I/8123-lyf16L._SL1500_.jpg anyday! 

Part of it is about what you enjoy.  For example mining is a passion for me.  I truly enjoy it.  So I will keep on doing it.

I can see why not everyone does it.  But for many it works.

Yes all of you are right and i am wrong 

With smilie I'm guessing your joking.   I have done very well mining, it can make ROI and pay off long term.  Is it for everyone ... no.  But for some including myself yes it is.

Your general idea about trading being more then mining has no basis behind it.  You could have more or loss and have less.  And say you really are that good you are making money most of time on it you can mine and trade.... that is what I do.

[Amph]

I got 8 cents / kw electricity, My s5 is current getting 50/month over electricity costs, average. luckily I got it for a good price so even when I sell it i'll get my money back if not more for the miner. Was thinking if I got a S7, used it for 4-5 months. then resell for money back possibly.

that's good, with the s7 you can have even more profit, and i would not selle the s7 early or even after a while, because with that earning you can roi before the halving, i would sell it only if needed and you can't reach roi

[QuintLeo]

No game-changing ASIC out yet?

 Yes, but the cost is so high on the miners you have to have very cheap electric to have any chance at RoI on it.

 So far.

[hugs1BTC]

Do you think the latest blocks spike is related to new ASIC machines coming out in the near future? https://blockchain.info/charts/hash-rate

[notlist3d]

Do you think the latest blocks spike is related to new ASIC machines coming out in the near future? https://blockchain.info/charts/hash-rate

Some gear will not make it to most consumers.  Look at bitfury you need to have a LARGE investment to get any gear there.  I don't know exact amount but it's very sizable.

No group buy or other things will ever reach bitfury.   So some new miners... but we will not have access as home/hobby miners to all.

[Searing]

Do you think the latest blocks spike is related to new ASIC machines coming out in the near future? https://blockchain.info/charts/hash-rate

Some gear will not make it to most consumers.  Look at bitfury you need to have a LARGE investment to get any gear there.  I don't know exact amount but it's very sizable.

No group buy or other things will ever reach bitfury.   So some new miners... but we will not have access as home/hobby miners to all.

note assumption below is if you home mined new equip...would be better off getting scrypt machines (if they exist in future) and convert ltc to btc direct or hold ltc and move
when the ratio is around 0.01 ltc to btc as has been in the past (what I do) ...as to a new asic sha-256 miner i think the current bitfury/bitmain/knc data halls etc are gonna
all come out at the same  time and bury each other in difficulty over the moon rise..just saying ...so using this thread to point out what  i know of 'supposed' scrypt NEW asic miners per say...


this is the point the scrypt miners SUPPOSEDLY coming out is at...for both Innsilicon and Alcheminer...(links below) the plug is ...give us large millions of dollars in IPO money
and we will fill up your scrypt data farm with machines at cost..ie newbie IPO money pre-order method ..taken from newbie home miner pre-order play book

https://www.alcheminer.com/alcheminer-scrypt-ii-project/ Alcheminer II IPO plug for such....bitcointalk thread

https://bitcointalk.org/index.php?topic=1234027.0

http://www.innosilicon.com/html/news/11.html there same idea as above IPO plug for $$$ ..below bitcointalk thread

https://bitcointalk.org/index.php?topic=1251930.0

so as you can see from the above links....IF they got the $$$ NOW it likely (with the usual 1-2 month delays) probably be at least 5-6 months till such hit the data halls
and at best 2 months after that before they went out to the w)orld in some manner beyond the data halls (alcheminer price of like for 512mh 1150watts 4950 usd in 6 months frigging LTC and/or scrypt coins better pop large for that to be pulled off...

my 2 knc titans..if i take one titan at 350mh 1250 watts and it has ROI'd (or you can buy one complete on ebay NOW for $3250 usd a 2nd batch titan 400mh it was)..anyway
my used titans can compete just fine in 6 months with these guys ..again ROI'd so I hope they are correct in their gamble ..price has to go up for LTC etc for these machines
to work ...or even exist imho ....even in data hall mode..in 5 months..or it is just a unicorn pipe dream.....unless they get some major newbie IPO $$$ which I find questionable?

anyway.....but again for what you can get a working scrypt miner now for the current say price of 3.50 usd LTC price NOW I just don't see these as getting built at 4.50 buck LTC maybe ...but below that nope...again unless all got a 'memo' that btc and ltc is gonna pop and the data hall equiv and hopefully side order machines above can make sense to build.

anyway hope I'm wrong ..I'd be sitting pretty if you could ROI with these new units in 6 months with the 2 Titans that have ROI'd already even at my 13.7c next summer
electric prices I mean I really really want them to come out because they are correct and they can make money on such with a data hall etc and/or indv machines....I would
be sooooooo friggging happy

but it looks/smells/and has all the tell tale signs of 'unicorn poop' so don't think it is very frigging likely...(so want a unicorn/rainbow/fairy dust happy ending to the above)

[hugs1BTC]

Bumping this to keep the discussion alive

[Searing]

Bumping this to keep the discussion alive

This should help an X11 miner supposedly (first 50 sold out) shipping out this week I guess (or so told in email)

$2,098 x11 dash miner....300 bucks I think the shipping was...90 day warranty (ouch)

anyway here is the link if you want to lurk........not sure what these 50 units are gonna do to the x11 coins like dash for difficulty

but hey you said asic here in the thread so something to watch

http://www.dualminer.com/iBeLink-DM384M-Dash-Miner_p_36.html

ie currently sold out and a waiting list...to rich for my home miner blood at 14c kwh electric don't ya know









anyway for what it is worth to watch........MIGHT .....er...maybe ....ROI if you were in the first 50 but this is gonna play hell with x11 coin difficulties imho

later

[Hannu]

Hey,

2000 dollars is lot of money... Is this machine optimized at mining dash?

I have been looking if theres are ETH/LTC/DASH/DOGE optimized miner...

I newer reach that point so i have money to invest on mining hardware

(9e/day + food) -Weekends off ,YES!

[Searing]

Hey,

2000 dollars is lot of money... Is this machine optimized at mining dash?

I have been looking if theres are ETH/LTC/DASH/DOGE optimized miner...

I newer reach that point so i have money to invest on mining hardware

(9e/day + food) -Weekends off ,YES!

I don't know ..the problem is if a bunch of these are on a data hall ..plus the 50 supposedly sold and soon to be in the world etc etc

when the Titan Scrypt miners had a firmware mod to mine Scrypt-N they made good profit for a week but destroyed all scrypt N coins in that week

ie scrypt n coins were worthless now...no one mines them imho

enough asic's hit this x11 coins and difficulty blows up it could be the same

I don't know how likely this is on x11 don't follow it much..but the first thing that comes to mind....

also using this calculator below and again the above 'everyone and his brother' maybe firing up the x11 data hall say or the 50 plus above miners (if they really exist)

not to mention a whole 90 day warranty ..I get the below on ROI on the equip w/o electric....ie you are eating the electric costs.

The below link is for the x11 coin DASH....again remember everyone else and his brother is gonna hit this...if true at least 50 folk ahead of you or more on the waiting list

http://www.coinwarz.com/calculators/dash-mining-calculator


using there optimistic (varies they say +/- 10%) of

384mh at 715 watts and at say 10c kwh I get the below and 2,098 bucks plus 300 bucks shipping total to your door (if you got it today) of $2,398.00 even.

Monthly    Dash Coins 140.99676107    BTC 1st month 1.75617670    Total mined  usd $721.96    elec costs $51.48  pool fees $0.00    profit after electric $670.48 1st month


from seeing this stuff in the asic btc and ltc world....with the dump on difficulty....I'd assume by the time you got one now you could cut say ..optimistically the above by 1/3

so say 400 a month.....with that in mind...maybe you could recoup your investment with electric and such ...and hope for a price rise in say 7 months probably more imho

but hey its a toy...people by dumber stuff ...i'm one of them......but the 90 day warranty gives me pause...a pre-order..they could be 2 months late.....the unknown effect

on difficulty...well unless you are looking at Texas 5c electric or maybe Oregon 3c kwh electric.....You'd probably be better off just buying x11 coin..that way if the

difficulty does upend the apple cart you can at least sell that and get out.....

anyway thats how i see it ..but I'm often wrong (ethereum non buy on my part ... due to no balls at 0.95c per ether...comes to mind)

anyway my 2 satoshi's worth

but hey for asic porn will be interesting to watch anyway

[leowonderful]

I'm looking at the current and new Alcheminer chips for profit. The usb miner and blade is commonly forgotten, but theyre super cheap (50$ usb) and profit quickly due to efficiency. Scrypt is the future for home miners, and even now gridseed orbs will profit if fans are removed. SHA256 will die a slow death with datacenters competing at the end, and home miners will have to move to scrypt or a smaller platform to restart with the mining process.
Bitmain is starting to fall behind slowly, and I expect for them to not be a big competitor to bigger companies anymore as companies like bitmain develop generations-ahead chips that rek the current gen chips. Bitmain will also die a slow, horrible death and soon all current gen sha256 asics will only be privately owned.