ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH

[RichBC]

Meantime though the difficulty is falling like a rock. Maybe all the Antminers they are mining with had the heat sinks fall off :-)

I would not take too much notice of the first few Days of the new Period, probably not double digit this Period, but we will be heading on up again...

Rich

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[aarons6]

Meantime though the difficulty is falling like a rock. Maybe all the Antminers they are mining with had the heat sinks fall off :-)

wishful thinking


Bitcoin Difficulty:   163,491,654,909
Estimated Next Difficulty:   178,171,929,227 (+8.98%)


unless you mean going from 20% to 14% to 9% is falling.. lol..

[lightfoot]

Meantime though the difficulty is falling like a rock.

Not sure what you're watching, but difficulty continues to rise at unprecedented rates as hardware manufacturers around the world scramble to get as much gear up and running before the halving.

https://bitcoinwisdom.com/bitcoin/difficulty



Don't worry: I have no false illusions that this will last.

[Mikestang]

Don't worry: I have no false illusions that this will last.

Uh, so the picture you posted shows the continued climb of network difficulty, it doesn't do much to support your statement.  Difficulty is definitely not falling at all, let alone like a rock.

And with stuff like this happening we can continue to expect the rapid upward adjustment of difficulty:

[fr4nkthetank]

Don't worry: I have no false illusions that this will last.

Uh, so the picture you posted shows the continued climb of network difficulty, it doesn't do much to support your statement.  Difficulty is definitely not falling at all, let alone like a rock.

And with stuff like this happening we can continue to expect the rapid upward adjustment of difficulty:

pls no.  pls.   So in 2 months what will be the resell value of an s7 ? 

[VirosaGITS]

Don't worry: I have no false illusions that this will last.

Uh, so the picture you posted shows the continued climb of network difficulty, it doesn't do much to support your statement.  Difficulty is definitely not falling at all, let alone like a rock.

And with stuff like this happening we can continue to expect the rapid upward adjustment of difficulty:

pls no.  pls.   So in 2 months what will be the resell value of an s7 ? 

700$ at best i guess, unless BTC gets a huge upward jumps like a few months ago. I just wonder for how long this raise will keep up. Unless there's something better than 0.1J/GH that can get mass produced in the year or two, its going to have to slow down sometime before summer i think.

[Mikestang]

pls no.  pls.   So in 2 months what will be the resell value of an s7 ? 

I hope they get dirt cheap (sorry S7 owners).  I bought my S1 for $20, I don't use it right now because of my exuberant electricity rate but I know they're not generally that cheap any more.  My S3+ was also had for a steal comparatively.  Personally I hope the S7 bottoms out as well so I can pick one up to add to my toy box.

[notlist3d]

pls no.  pls.   So in 2 months what will be the resell value of an s7 ? 

I hope they get dirt cheap (sorry S7 owners).  I bought my S1 for $20, I don't use it right now because of my exuberant electricity rate but I know they're not generally that cheap any more.  My S3+ was also had for a steal comparatively.  Personally I hope the S7 bottoms out as well so I can pick one up to add to my toy box.

I think it's a way's from this, I'm speculating at least a few more batches each getting lower and lower.  The big thing is when a company pushes next gen out.  Pretty much as soon as they are easy for home/hobby to get the S7 drops in value... how much hard to say.

But I do think those with cheap electricity have some S7's for good prices coming... eventually.  To many variables to be exact.

[leowonderful]

I'm a poorfag, so hopefully by this july we'll be seeing 100-dollar s5s and 300-dollar s7s. I buy outdated junk for fun, but seriously.. the difficulty jumps are killing it.   rip bitcoin for most people. Bitmain almost HAS to release a new miner soon, or else bitfury'll be taking the 16nm crown from em.

[notlist3d]

they did this with the s5s.. then at the end of the batches they sold off their own "used" inventory..

because the s7s that they dont sell, i am fairly certain they are using them.. why would they just sit there idle if they turn a profit.

If I were them, I would not let them sit idle in a warehouse.  I would use them and sell them as used if mined with for longer than one week.

Their wallet address has no significant increase in activity lately.  I really believe they are mining with most all of the batch 9 and batch 10 rigs.  It is possible batch 11 rigs could be in the middle of the manufacturing process.  Especially, if they have more 1385 chips available.  Batch 11 may be the last batch of new S7's.  It's possible they may sell used rigs after batch 11.

And the biggest thing is they are able to profit off of doing this.   I really would love to know internal price I don't think it's near what external sale price is.  So I could see them pumping up internal operations and getting every last drop of ROI they can off this gen gear.

Then look into next gen after.  As a business it would be crazy to go to next gen when current gen chances are is mining huge profits.  So I still think we have a few batches to go of S7's.

[AriesIV10]

Meantime though the difficulty is falling like a rock.

Not sure what you're watching, but difficulty continues to rise at unprecedented rates as hardware manufacturers around the world scramble to get as much gear up and running before the halving.

https://bitcoinwisdom.com/bitcoin/difficulty



Don't worry: I have no false illusions that this will last.

Thank you very much lightfoot for this chart/link and information!  Thanks for sharing!

[nhando]

BTC $434 and climbing.  If you have low cost electricity, you will make money. 

[philipma1957]

BTC $434 and climbing.  If you have low cost electricity, you will make money. 

With the solar array nearing completion getting one or two of the batch 10's is tempting.

If they had ever made up for my batch one buying one or two s-7's would be easy.


They never post here anymore and they do not give a darn about us.  So I will never see the 150 usd they owe me on batch 1.


On principle's sake I won't buy a few cheap s-7's  from them.

 Even if coins go to 500 before they adjust price up.

[nhando]

BTC $434 and climbing.  If you have low cost electricity, you will make money. 

With the solar array nearing completion getting one or two of the batch 10's is tempting.

If they had ever made up for my batch one buying one or two s-7's would be easy.


They never post here anymore and they do not give a darn about us.  So I will never see the 150 usd they owe me on batch 1.


On principle's sake I won't buy a few cheap s-7's  from them.

 Even if coins go to 500 before they adjust price up.

I agree, you should only support vendors that do you right.  There will be more options coming soon (April/May), so you will have more choices.  But with BTC going up, there's finally hope for the home miners and others who have invested heavily into the S7s or Avalon 6.    Your Solar farm is definitely another amazing angle I would like to see.  I've subscribed to that thread.  Really wish TX would offer better incentive for Solar as I also invest heavily into CSIQ solar stocks but we're OIL country here.  Let's hope BTC go pass $500 and remains above that so we can continue mining for longer period of time.

[notlist3d]

BTC $434 and climbing.  If you have low cost electricity, you will make money. 

With the solar array nearing completion getting one or two of the batch 10's is tempting.

If they had ever made up for my batch one buying one or two s-7's would be easy.


They never post here anymore and they do not give a darn about us.  So I will never see the 150 usd they owe me on batch 1.


On principle's sake I won't buy a few cheap s-7's  from them.

 Even if coins go to 500 before they adjust price up.

I agree, you should only support vendors that do you right.  There will be more options coming soon (April/May), so you will have more choices.  But with BTC going up, there's finally hope for the home miners and others who have invested heavily into the S7s or Avalon 6.    Your Solar farm is definitely another amazing angle I would like to see.  I've subscribed to that thread.  Really wish TX would offer better incentive for Solar as I also invest heavily into CSIQ solar stocks but we're OIL country here.  Let's hope BTC go pass $500 and remains above that so we can continue mining for longer period of time.

The real winners though will be the ones that bought in around 380.  If it does go up to around 500 (which I think is a way's off).  But if it did they made 180 dollars profit per coin.   So I think there is something to be said for buying some coins at times.   

I will say selling my old generation gear when I did and buying coins with it.. looks like it will pay off.  I will eventually buy miners again with it but as of right now I'm enjoying having coin in hand.

Batch 11 is looking pretty cheap considering past prices at 720.    But you also have to keep in mind we almost haved since Jan 13 on difficulty if you add it up it's pretty shocking:

Feb 19 2016   163,491,654,909   13.44%   1,170,318,852 GH/s
Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
total      48.51%   

[nhando]

$500 price is definitely not far off considering we're at $440 now and were at $465 last month before Michael Hearn rocked the boat badly.  I would consider $500 the minimum BTC price after the halving to make sense to continue mining unless we get much cheaper miners per J/GH to compensate for the lower pay after the Halving.  This is taking the PUMP and DUMP to be expected with traders buying a ton before and selling it after the halving.   I did some selling just to see how the market is and not surprisingly the demand is still very strong.  I was able to sell 10 x S7 and 4 S3 and 1 Avalon 6 all in the same week.  This is on top of over $3000 worth of cabling, PDU and PSUs.   I would not consider buying Batch 11 or any other miners right now with the hope that you can break even as you would break even simply by not buying one to begin with.  This is a game of cost and the winner will be the one that can operate at the lowest cost or operate it as business where you can write off many things.  The rest is entirely up to Luck (Miner choice, pool luck, BTC prices, etc)

P.S Home Miners can turn their garage into a mining business and leverage all the benefits, so if you do it wisely, home mining is definitely not dead.  Just don't expect to win if you have high electricity prices.

[philipma1957]

$500 price is definitely not far off considering we're at $440 now and were at $465 last month before Michael Hearn rocked the boat badly.  I would consider $500 the minimum BTC price after the halving to make sense to continue mining unless we get much cheaper miners per J/GH to compensate for the lower pay after the Halving.  This is taking the PUMP and DUMP to be expected with traders buying a ton before and selling it after the halving.   I did some selling just to see how the market is and not surprisingly the demand is still very strong.  I was able to sell 10 x S7 and 4 S3 and 1 Avalon 6 all in the same week.  This is on top of over $3000 worth of cabling, PDU and PSUs.   I would not consider buying Batch 11 or any other miners right now with the hope that you can break even as you would break even simply by not buying one to begin with.  This is a game of cost and the winner will be the one that can operate at the lowest cost or operate it as business where you can write off many things.  The rest is entirely up to Luck (Miner choice, pool luck, BTC prices, etc)

P.S Home Miners can turn their garage into a mining business and leverage all the benefits, so if you do it wisely, home mining is definitely not dead.  Just don't expect to win if you have high electricity prices.

If coins went to 525 over night and bitmaintech keeps price at 720 .  As angry as I am at them over batch one.
I would consider getting another s-7 for the solar array.

If the fuckers would have paid me for the low hashing s-7 I would not be writing this but I actually am thinking about getting one Sunday morning.

[aarons6]

$500 price is definitely not far off considering we're at $440 now and were at $465 last month before Michael Hearn rocked the boat badly.  I would consider $500 the minimum BTC price after the halving to make sense to continue mining unless we get much cheaper miners per J/GH to compensate for the lower pay after the Halving.  This is taking the PUMP and DUMP to be expected with traders buying a ton before and selling it after the halving.   I did some selling just to see how the market is and not surprisingly the demand is still very strong.  I was able to sell 10 x S7 and 4 S3 and 1 Avalon 6 all in the same week.  This is on top of over $3000 worth of cabling, PDU and PSUs.   I would not consider buying Batch 11 or any other miners right now with the hope that you can break even as you would break even simply by not buying one to begin with.  This is a game of cost and the winner will be the one that can operate at the lowest cost or operate it as business where you can write off many things.  The rest is entirely up to Luck (Miner choice, pool luck, BTC prices, etc)

P.S Home Miners can turn their garage into a mining business and leverage all the benefits, so if you do it wisely, home mining is definitely not dead.  Just don't expect to win if you have high electricity prices.

If coins went to 525 over night and bitmaintech keeps price at 720 .  As angry as I am at them over batch one.
I would consider getting another s-7 for the solar array.

If the fuckers would have paid me for the low hashing s-7 I would not be writing this but I actually am thinking about getting one Sunday morning.

i dunno, i want one too. but.. i still think 720$ is too much..

all my calculations. even if you throw out the cost of electricity you wont get a return until july, which is when the block is going to half making these absolutely useless.

even with 5c electricity you cant break even..

if the cost was 400 or even 450 i would have gotten one..

[nhando]

$500 price is definitely not far off considering we're at $440 now and were at $465 last month before Michael Hearn rocked the boat badly.  I would consider $500 the minimum BTC price after the halving to make sense to continue mining unless we get much cheaper miners per J/GH to compensate for the lower pay after the Halving.  This is taking the PUMP and DUMP to be expected with traders buying a ton before and selling it after the halving.   I did some selling just to see how the market is and not surprisingly the demand is still very strong.  I was able to sell 10 x S7 and 4 S3 and 1 Avalon 6 all in the same week.  This is on top of over $3000 worth of cabling, PDU and PSUs.   I would not consider buying Batch 11 or any other miners right now with the hope that you can break even as you would break even simply by not buying one to begin with.  This is a game of cost and the winner will be the one that can operate at the lowest cost or operate it as business where you can write off many things.  The rest is entirely up to Luck (Miner choice, pool luck, BTC prices, etc)

P.S Home Miners can turn their garage into a mining business and leverage all the benefits, so if you do it wisely, home mining is definitely not dead.  Just don't expect to win if you have high electricity prices.

If coins went to 525 over night and bitmaintech keeps price at 720 .  As angry as I am at them over batch one.
I would consider getting another s-7 for the solar array.

If the fuckers would have paid me for the low hashing s-7 I would not be writing this but I actually am thinking about getting one Sunday morning.

i dunno, i want one too. but.. i still think 720$ is too much..

all my calculations. even if you throw out the cost of electricity you wont get a return until july, which is when the block is going to half making these absolutely useless.

even with 5c electricity you cant break even..

if the cost was 400 or even 450 i would have gotten one..

As I said, don't buy it if your plan is to just break even.  Not buying one will achieved the same result.  

Buy it if :

1) You want virgin coins as some people may not want any tracking via Coinbase from purchasing / trading BTC.  
2) Operating a mining business as there's many tax benefits
3) You have free or super cheap Electricity rates.  I'm at 6cents / kw and am still trying to get to 4.5cents.
4) You're betting BTC will go above $500.  If it does, I don't think these S7 will be worth nothing after the halving as you say.  People with free or cheap Electricity will still be buying it from you.  Heck even people who wants Virgin coins are always  willing to mine at up to a certain percentage loss.   Also by Sept, people may be buying it to get ready for the Winter heating.  These things are better than Space Heaters and can start a fire just like a Furnace as well.  =)  S3/S5 are proof that even though they can't cover their electricity cost,  there are still buyers (Want to learn, free Electricity, want it for heat).  So I don't think it won't be worth anything by July.  Heck, if we're lucky and BTC goes up quite high, it may be worth over $400 still.  I've tested selling many units lately with all the panic selling going on with Batch 10 being at $780, all mine sold for well above $800 still.  So the demand is still strong and many people may not want to wire or have BTC to buy from Bitmain.



It's all a gamble and it's definitely not worth it for the average home miners.  It's more for people who are willing to gamble and match most of the above.  For everyone else, it's just a soothing feeling that you're able to recover more of your investment then previously thought when it was at $380 and felt like it's going to crash below $350.  I'm very heavily invested in the S7 due to my partner's decisions, but I never like the product nor their business model.  How can you win when the company selling the products to you is also competing against you?  This is why it's hard to get their product at a price that make sense, unless you have other cost advantages via a business to offset this.  So unfortunately this is why it's very difficult for home miners to make money unless the 9 planets line up perfectly.  



  

[nhando]

David,

To answer you question.  All 3 of my Batch 10 units and 7 of my partner's do not have the 6 FAN or 9 Hashboard connections.  They strip them off just like previous batch, although some units did include it in the past