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

[notlist3d]

Confucius says: Man that needs loan to buy bitcoin miners, has hole in pocket

Very wise

I would agree.  I only invest my own money in mining.   I can't imagine taking a loan for a miner. 

So much is unknown just like difficulty.  I can't guarantee I will ROI so how can I risk others money on that same investment.  I do it out of a hobby I love, and a hope of ROI.

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[-droid-]

I bought two s7's using money on a credit card (converted to BTC) but it has low APR and I get points for using it.. coupled with free electricity I should be alright.  The only reason I can see taking out an actual "loan" for gear would be starting a large farm and needing capital.. but youd have to start off pretty big

[sloopy]

Odd someone (regular member) sent me a PM telling me not to put ideas like upgrade kit.   I've never been told not to talk about an idea. Basically since it looks designed for upgrade or a + version.

Never had another member try to censor me before.  And it was designed by bitmain I had nothing to do with the modular setup or how it's made.

  Maybe it's because Bitmain's record of upgrade kit let-downs has made them miserable, and they don't want to bear the disappointment one more time?  

In all seriousness, I would have told them to take a long hard suck on my arse.  Mods don't even police obvious scams to try to help protect inexperienced members, why the hell would anyone care to censor ideas like that?  

Edit: unless it was dogie, who just wanted to take the credit for it himself. LOL!

If / When, (I feel more like when) BITMAIN does an S7+ they aren't jumping to a new chip, so it certainly cannot be that much bigger than S4 to S4+ ish. I don't mean to say they cannot make something better which is a huge seller.
I can see the S7 modules all coupled together down racks running 3 or 5? from single controller boards.
Putting more hash in the box isn't really an expectation at this point.
They can certainly take care of anything, add functionality, and tweak things to gain a good bit, but not replace your farm bit on an S7+ for farms putting everything in S7s, which I think must be a large amount.

Regarding this regular member saying things in a PM to edit your post.
What is he actually trying to do? Troll? Or does he really care about what you said? 
If it was a comment regarding a company, for example, BITMAIN's S7 and / or business practices, customer service, or pretty much anything to do with BITMAIN while creating and servicing the S7... this is the appropriate place for it.

I enjoy seeing the mining hardware revolution. I do not enjoy the little guys being squeezed out and do thank BITMAIN for bringing anything to market. The S5+ is a good product, but it does have fan failures. Tupsu had more than a fan failure, and I hope it didn't leave the factory loose and it was all shipping. There is a reviewer on the S7 who mentioned his fan didn't work. I'm patiently waiting on BITMAIN to answer me about a warranty fan. It is still a good unit. The S5+ has a good Aluminum structure and that is what they billed the S7 as. Tupsu received a Galvanized frame / chassis. Galvanized Steel will rust but it takes much longer than plan (A36) Steel. Unless you scratch and get water on Galvanized it wouldn't rust bad enough until well after you would be done with the miner, but still it isn't Aluminum. Aluminum will not rust. It is also a much better thermal conductor than Galvanized. Go with the Aluminum option if presented.  In a huge farm though, it could save a nice chunk of cash. That is probably why that S5+ was Galvanized.

Say what you feel like saying. Screw that guy.

[aurel57]

I bought two s7's using money on a credit card (converted to BTC) but it has low APR and I get points for using it.. coupled with free electricity I should be alright.  The only reason I can see taking out an actual "loan" for gear would be starting a large farm and needing capital.. but youd have to start off pretty big

I disagree if taking a loan out for large farm is right it should be the same for a small miner as well....

[lovenlifelarge]

If bitmain does release an upgrade pack for these of an add on miner or 2 be it as the controller will run 3 at a time...

The only saving anyone will make is on the controller & that begs the question.. How much is a controller worth??

Maybe $50 a unit so the saving will be $100 at most... I think u'll be better of getting the extra controller as phil had said

I can see a thread being dedicated to busted controllers for these coming out... & who wants 15th offline while u rma a controller...

The extra $50 for the controller is a no brainer as it adds no extra weight to the package for delivery..

[philipma1957]

I bought two s7's using money on a credit card (converted to BTC) but it has low APR and I get points for using it.. coupled with free electricity I should be alright.  The only reason I can see taking out an actual "loan" for gear would be starting a large farm and needing capital.. but youd have to start off pretty big

I could borrow 7500 for 6 months 0 interest. I could order 4 s-7's

[Prelude]

I just had a thought about bitmain requiring the 3 PCI-e connectors be plugged in. It's not a matter of power per connector, it's most likely to insure voltage being delivered to the boards is as close to 12V as possible. Using only 2 connectors could result in 11.9V or lower voltage, depending on the capacity of the wires used.

[aurel57]

I bought two s7's using money on a credit card (converted to BTC) but it has low APR and I get points for using it.. coupled with free electricity I should be alright.  The only reason I can see taking out an actual "loan" for gear would be starting a large farm and needing capital.. but youd have to start off pretty big

I could borrow 7500 for 6 months 0 interest. I could order 4 s-7's

Interest is only part of it...we dont know what the difficulty is going to do or if the rigs will ROI. Me and you Phil being retired have less at risk but someone hoping to make enough to pay off that CC have a lot at risk.  But a interest free loan is always good when you got the money to pay off the loan when your ready.  

[philipma1957]

I bought two s7's using money on a credit card (converted to BTC) but it has low APR and I get points for using it.. coupled with free electricity I should be alright.  The only reason I can see taking out an actual "loan" for gear would be starting a large farm and needing capital.. but youd have to start off pretty big

I could borrow 7500 for 6 months 0 interest. I could order 4 s-7's

Interest is only part of it...we dont know what the difficulty is going to do or if the rigs will ROI. Me and you Phil being retired have less at risk but someone hoping to make enough to pay off that CC have a lot at risk.  But a interest free loan is always good when you got the money to pay off the loan when your ready.  

yeah I am not doing 4 on a 6 month loan  but maybe 1.

It is a tough call my paypal will :

A) give a 2% discount pay up front
B) give a 6 month free loan

I would order one from lee's group and let him host it for me.  I am tempted just not quite sure if I want to do it.

[adaseb]

I don't think its smart buying these S7's using loans or credit cards.

Think about it

 Bitmain has much insider knowledge about many manufacteurs of ASICs. Since they have decided to publicly release the S7 to the public instead of mining on their own and keeping the hashrate low is because they determined that they will make more money by selling the equipment instead of mining on their own.

If they knew the difficulty would stay flat for the next 6 months or so, they would keep selling us their S5 chips instead.

Who knows maybe this S7 was created by them 9 months ago, and they have been mining with them ever since.

Bitmain is a business and they do what they can to make the most money.

[dog1965]

I don't think its smart buying these S7's using loans or credit cards.

Think about it

 Bitmain has much insider knowledge about many manufacteurs of ASICs. Since they have decided to publicly release the S7 to the public instead of mining on their own and keeping the hashrate low is because they determined that they will make more money by selling the equipment instead of mining on their own.

If they knew the difficulty would stay flat for the next 6 months or so, they would keep selling us their S5 chips instead.

Who knows maybe this S7 was created by them 9 months ago, and they have been mining with them ever since.

Bitmain is a business and they do what they can to make the most money.

now that makes sense.

[wlefever]

I don't think its smart buying these S7's using loans or credit cards.

Think about it

 Bitmain has much insider knowledge about many manufacteurs of ASICs. Since they have decided to publicly release the S7 to the public instead of mining on their own and keeping the hashrate low is because they determined that they will make more money by selling the equipment instead of mining on their own.

If they knew the difficulty would stay flat for the next 6 months or so, they would keep selling us their S5 chips instead.

Who knows maybe this S7 was created by them 9 months ago, and they have been mining with them ever since.

Bitmain is a business and they do what they can to make the most money.

I would agree with this, and say at least half of this year they were replacing S5's with S7.  Albeit just speculation.

[Marvell1]

I don't think its smart buying these S7's using loans or credit cards.

Think about it

 Bitmain has much insider knowledge about many manufacteurs of ASICs. Since they have decided to publicly release the S7 to the public instead of mining on their own and keeping the hashrate low is because they determined that they will make more money by selling the equipment instead of mining on their own.

If they knew the difficulty would stay flat for the next 6 months or so, they would keep selling us their S5 chips instead.

Who knows maybe this S7 was created by them 9 months ago, and they have been mining with them ever since.

Bitmain is a business and they do what they can to make the most money.

I would agree with this, and say at least half of this year they were replacing S5's with S7.  Albeit just speculation.

Kinda hard to believe not a single picture snuck out or son lips didn't waggle in six months, its a pretty big company.

Maybe 3 months but six ? No way

[notlist3d]

I don't think its smart buying these S7's using loans or credit cards.

Think about it

 Bitmain has much insider knowledge about many manufacteurs of ASICs. Since they have decided to publicly release the S7 to the public instead of mining on their own and keeping the hashrate low is because they determined that they will make more money by selling the equipment instead of mining on their own.

If they knew the difficulty would stay flat for the next 6 months or so, they would keep selling us their S5 chips instead.

Who knows maybe this S7 was created by them 9 months ago, and they have been mining with them ever since.

Bitmain is a business and they do what they can to make the most money.

I would agree with this, and say at least half of this year they were replacing S5's with S7.  Albeit just speculation.

Kinda hard to believe not a single picture snuck out or son lips didn't waggle in six months, its a pretty big company.

Maybe 3 months but six ? No way

If you can look up date batch 1 used went up we know for sure by then they were doing this.  I don't think they were mass producing 6 months ago.

Although it would not surprised me if they had prototypes 6 months ago.   

[Finksy]

The answer is always in the hashrate, you can't hide that.  And don't believe for a minute the hogwash that Bitmain is purposely keeping hashrate stable to not affect the difficulty rating.  No self-interested capitalistic company would ever do that, all it would do is help your competitors.

[gallery2000]

Confucius says: Man that needs loan to buy bitcoin miners, has hole in pocket

Very wise

I would agree.  I only invest my own money in mining.   I can't imagine taking a loan for a miner. 

So much is unknown just like difficulty.  I can't guarantee I will ROI so how can I risk others money on that same investment.  I do it out of a hobby I love, and a hope of ROI.

Confucius says: Man that uses his own money to buy bitcoin miners, has overdraft bank account.

[QuintLeo]

Based on what I saw, I'd estimate Bitmain was replaceing S5's with S7s for 2 months at most, and possibly with S5+ for a month or two before that (and then likely sold those S5+ as "new" units once they got the S7 into production).

 I don't believe for a microsecond that the S7 has been in production for 6+ months.

[Mr.paul]

ANy one have S7 coupon sell ? PM thanks.

[philipma1957]

The answer is always in the hashrate, you can't hide that.  And don't believe for a minute the hogwash that Bitmain is purposely keeping hashrate stable to not affect the difficulty rating.  No self-interested capitalistic company would ever do that, all it would do is help your competitors.

wrong (at least that is my guess) 

you just need to handshake with the top 3 or 4 builders to increase as a team.  70 to 80 % goes to them the rest to little guys via sales to the public like the s-7.

The only way you go against the deal is if you build a super chip  say .01 watts you then have a huge edge over the other top 3-4 builders.

The top builders are in agreement to not be greedy and keep shares equal.

every piece of hash rate shows this to be the case this pattern started last fall.

but that is how I read the hashrate.

I do agree with you that if one of the big builders really believed they had designed  a big edge they would try to get more hashrate.

but like I said what do I know from the inside of any builder's company  nothing  all guesses on my part.

[carlosmnk]

The answer is always in the hashrate, you can't hide that.  And don't believe for a minute the hogwash that Bitmain is purposely keeping hashrate stable to not affect the difficulty rating.  No self-interested capitalistic company would ever do that, all it would do is help your competitors.

wrong (at least that is my guess)  

you just need to handshake with the top 3 or 4 builders to increase as a team.  70 to 80 % goes to them the rest to little guys via sales to the public like the s-7.

The only way you go against the deal is if you build a super chip  say .01 watts you then have a huge edge over the other top 3-4 builders.

The top builders are in agreement to not be greedy and keep shares equal.

every piece of hash rate shows this to be the case this pattern started last fall.

but that is how I read the hashrate.

I do agree with you that if one of the big builders really believed they had designed  a big edge they would try to get more hashrate.

but like I said what do I know from the inside of any builder's company  nothing  all guesses on my part.

I'm agree. The best thing you can do is spend less watt per gh/s. If you have a mine hashing 30ph/s, your goal will be able to spend less electricity, because the more hashrate the blockchain does the less earns you will do.