Bitfury: "16nm... sales to public start shortly"

[heslo]

Smart move

[RoadStress]

I think Bitfury is busy with ETH mining instead of releasing their new chip.

bitmain is doing to bitfury the same what they did to Spondoolies: price dumping to drive a competitor out of the market, then jack up the price on their own next gen as they did with S7.

Bitfury isn't interested in the consumer market. Their announcement was just to look good into their investor eyes and they have more than enough capital to fill all their DCs with their 16nm chips.

[carlosmnk]

I think Bitfury is busy with ETH mining instead of releasing their new chip.

bitmain is doing to bitfury the same what they did to Spondoolies: price dumping to drive a competitor out of the market, then jack up the price on their own next gen as they did with S7.

I believe you're right.  I can get a ton of S7's right now with coupons at $482 each + shipping.  It's tempting, for sure but other things are holding me back from pulling the trigger.  I would hate to spend $80K on S7's, only to have next generation come out within two months and end up regretting my purchase.

My gut is telling me to keep my bitcoin and be prepared to dump close to the right time when the potential pump and dump arrives soon.  Then buy back in at a good price after the dump to accumulate more bitcoin.  I think I would be better off increasing my bitcoin wallet by potentially 30 to 80 percent than to buy rigs at the moment.

What do you guys think?

Let's see what will happend next weeks, i think it is very possible to see a new S9 miner soon; Bitfury is in silence mode since last months, so they are not very interested in us or they cannot release their chips yet; At this point, without cheap electricity it seems temerary to go for more miners...
One think i'm watching since some time ago is that the hashrate is stable... how many time will be stable??

[RichBC]

Let's see what will happend next weeks, i think it is very possible to see a new S9 miner soon; Bitfury is in silence mode since last months, so they are not very interested in us or they cannot release their chips yet; At this point, without cheap electricity it seems temerary to go for more miners...
One think i'm watching since some time ago is that the hashrate is stable... how many time will be stable??

I think that Bitmain is calling most of the shots in this business. We had a period of stability in the lead up to the S7 and I suspect we are now going through something similar as sales of S7 drop off and we wait for the S9?


Rich

[Mitak]

Any rummors on s9?

[carlosmnk]

Any rummors on s9?

Last one was an antminer s9 with bitfury chips...  

I don't belive it, hahaha

[bitwitt]

I think Bitfury is busy with ETH mining instead of releasing their new chip.

bitmain is doing to bitfury the same what they did to Spondoolies: price dumping to drive a competitor out of the market, then jack up the price on their own next gen as they did with S7.

I believe you're right.  I can get a ton of S7's right now with coupons at $482 each + shipping.  It's tempting, for sure but other things are holding me back from pulling the trigger.  I would hate to spend $80K on S7's, only to have next generation come out within two months and end up regretting my purchase.

My gut is telling me to keep my bitcoin and be prepared to dump close to the right time when the potential pump and dump arrives soon.  Then buy back in at a good price after the dump to accumulate more bitcoin.  I think I would be better off increasing my bitcoin wallet by potentially 30 to 80 percent than to buy rigs at the moment.

What do you guys think?

I think your 10 step plan to be a Bitcoin millionaire has FAILED. 4000 posts and nothing to show for it.   

[Biodom]

Any rummors on s9?

Last one was an antminer s9 with bitfury chips...  

I don't belive it, hahaha

let's start the rumor...LOL
Bitfury merger with Bitmain to produce a BB "gun" miner named "Ant fury".
Ea will cost $5K for 50th because it's "the only one".
 

[Finksy]

I think Bitfury is busy with ETH mining instead of releasing their new chip.

bitmain is doing to bitfury the same what they did to Spondoolies: price dumping to drive a competitor out of the market, then jack up the price on their own next gen as they did with S7.

I believe you're right.  I can get a ton of S7's right now with coupons at $482 each + shipping.  It's tempting, for sure but other things are holding me back from pulling the trigger.  I would hate to spend $80K on S7's, only to have next generation come out within two months and end up regretting my purchase.

My gut is telling me to keep my bitcoin and be prepared to dump close to the right time when the potential pump and dump arrives soon.  Then buy back in at a good price after the dump to accumulate more bitcoin.  I think I would be better off increasing my bitcoin wallet by potentially 30 to 80 percent than to buy rigs at the moment.

What do you guys think?

I think your 10 step plan to be a Bitcoin millionaire has FAILED. 4000 posts and nothing to show for it.   

Why don't you post from your actual account what you think instead of hiding behind this one like a pathetic coward?  All you do is follow David around posting bullshit that nobody cares for, grow a pair and grow up.

[dropt]

I think Bitfury is busy with ETH mining instead of releasing their new chip.

bitmain is doing to bitfury the same what they did to Spondoolies: price dumping to drive a competitor out of the market, then jack up the price on their own next gen as they did with S7.

I believe you're right.  I can get a ton of S7's right now with coupons at $482 each + shipping.  It's tempting, for sure but other things are holding me back from pulling the trigger.  I would hate to spend $80K on S7's, only to have next generation come out within two months and end up regretting my purchase.

My gut is telling me to keep my bitcoin and be prepared to dump close to the right time when the potential pump and dump arrives soon.  Then buy back in at a good price after the dump to accumulate more bitcoin.  I think I would be better off increasing my bitcoin wallet by potentially 30 to 80 percent than to buy rigs at the moment.

What do you guys think?

I think your 10 step plan to be a Bitcoin millionaire has FAILED. 4000 posts and nothing to show for it.   

Why don't you post from your actual account what you think instead of hiding behind this one like a pathetic coward?  All you do is follow David around posting bullshit that nobody cares for, grow a pair and grow up.

That account is older than yours.  For all you know that is his actual account.

[GSpgh]

in the other thread it was April!

tomorrow it will be February!

Engineering chips are going to integrators already in February. So for a skilled and fast integrator I would say late march is possible. April is 100%.

late march isnt happening is it?

so april then? but no price or specs or anything yet?

or should i just load up on cheap s7 and forget this?

[AleScamHole]

in the other thread it was April!

tomorrow it will be February!

Engineering chips are going to integrators already in February. So for a skilled and fast integrator I would say late march is possible. April is 100%.

late march isnt happening is it?

so april then? but no price or specs or anything yet?

or should i just load up on cheap s7 and forget this?

may be your best best, but don't count BMT to not have a trick up their sleeve before or close to halving   (0.1 chips)

[dmwardjr]

in the other thread it was April!

tomorrow it will be February!

Engineering chips are going to integrators already in February. So for a skilled and fast integrator I would say late march is possible. April is 100%.

late march isnt happening is it?

so april then? but no price or specs or anything yet?

or should i just load up on cheap s7 and forget this?

may be your best best, but don't count BMT to not have a trick up their sleeve before or close to halving   (0.1 chips)

That's what I'm thinking as well.  It's just too damn risky.  I can see if you already have cheap power costs at $0.06 or less with little or no rent at all to pay and you already have the PSU's, PDU's and PCI-e cords with breakout boards.  However, I would plan on selling them to people on eBay who are ignorant of a block halving approaching by the end of May or early June.

If you think about it, eBay will be inundated with S7's beginning in May.  That's going to drive the price of them down tremendously.  They may go as little as $300 each in May or June on eBay.  I honestly think you stand a better chance of making more money buying bitcoin at current price and sell it close to the right time on a potential pump and dump.  You can make 30 to 80 percent on your bitcoin purchase with less stress of paying for power, rent, peripherals, etc... that go along with purchasing more S7's.

That's my two cents...

EDIT:  If Bitmain had them up for sale at $380 each after coupon, I think they would have better luck.

[dogie]

If you think about it, eBay will be inundated with S7's beginning in May.  That's going to drive the price of them down tremendously.  They may go as little as $300 each in May or June on eBay.  I honestly think you stand a better chance of making more money buying bitcoin at current price and sell it close to the right time on a potential pump and dump.

Maybe, although we said exactly the same thing for S5s and those who bought them early and just held them made a killing even on moderate power costs. There is also the tertiary market of people with negligible power costs to whom S7s are still valuable and may create an artificial floor in S7 prices.

[Gyrsur]

this is also a reason why mass adoption of Bitcoin is delayed. a lot of Bitcoin companies are NOT REPUTABLE.

[mavericklm]

So we look for s9 because bitfury nada, nix, potato!?!?

[philipma1957]

If you think about it, eBay will be inundated with S7's beginning in May.  That's going to drive the price of them down tremendously.  They may go as little as $300 each in May or June on eBay.  I honestly think you stand a better chance of making more money buying bitcoin at current price and sell it close to the right time on a potential pump and dump.

Maybe, although we said exactly the same thing for S5s and those who bought them early and just held them made a killing even on moderate power costs. There is also the tertiary market of people with negligible power costs to whom S7s are still valuable and may create an artificial floor in S7 prices.

yes this is a good point.   I am in that position with the solar array with buysolar.

We have 12 -16kwatts of 'free' power    and we have 8 avalon 6's and 1 s-7  =   28th  at  8.3 kwatts

so I could buy 4 s-7s now and just add 18th      gets us to 46th at 14kwatts  .

Then just mine until we get a deal on the newer gear I think I may buy the 4 s-7's in the next day or so.

[krisgt30]

IMO Bitfury has completely missed the window on their opportunity to capitalize and take market share away from Avalon and Bitmain. These chips will now be insignificant by the time they are available to the public. By now, surely both competitors have had their hands on bitfury chips and have been able to perform r&d to come up with comparable chips. The spikes Antminer has seen in their pools signifies either an upcoming model ready for sale, or a massive test and flush of current inventory to make room for models about to hit live environment testing. I am fairly new to the bitcoin world, but have been in the IT space for 10 years and have seen this firsthand more times than I can count.

[Biodom]

IMO Bitfury has completely missed the window on their opportunity to capitalize and take market share away from Avalon and Bitmain. These chips will now be insignificant by the time they are available to the public. By now, surely both competitors have had their hands on bitfury chips and have been able to perform r&d to come up with comparable chips. The spikes Antminer has seen in their pools signifies either an upcoming model ready for sale, or a massive test and flush of current inventory to make room for models about to hit live environment testing. I am fairly new to the bitcoin world, but have been in the IT space for 10 years and have seen this firsthand more times than I can count.

This is correct, plus they are price dumping S7 and sucking out all demand if bitfury was to introduce something now.

[carlosmnk]

IMO Bitfury has completely missed the window on their opportunity to capitalize and take market share away from Avalon and Bitmain. These chips will now be insignificant by the time they are available to the public. By now, surely both competitors have had their hands on bitfury chips and have been able to perform r&d to come up with comparable chips. The spikes Antminer has seen in their pools signifies either an upcoming model ready for sale, or a massive test and flush of current inventory to make room for models about to hit live environment testing. I am fairly new to the bitcoin world, but have been in the IT space for 10 years and have seen this firsthand more times than I can count.

I think Bitfury wanted to delay the hashrate cracy rising last months (nov-dec), and they achieved their goal (most of us are waiting for them). Bitmain did a counter-attack against Bitfury lowering their S7 to a very cheap levels (so we are waiting new stuff). Meanwhile, Bitfury can recover their investment in their last MW mining centers (opened a few months before) and now they are ultimate the design of their last chip: a 16nm. At this point, we are waiting for the latest news. I'm thinking seriously to wait until the halving to make my next movement...  

I still cannot understant why the hashrate is stable since last month or so...   Nobody is buying the S7?? People is switching off their old miners??