Which Miner would u prefer?

[Ethey]

Hello there Bitcoin Talk Community,

iam new to the Bitcoin Buisness and very interested in it. It seem very mathemetical and also very profitable.
But therefore i would like to now, which is the best Miner u know right now?

Would be great to hear about your oppinions Guys.

regards

[Legacy2005]

At this point you have 3 options:

1) antminer s7

2) Avalon A6

3) Buy Bitcoins



Reasons:

1) provides highest hash power per machine. Uses 1300-1400 watts. Loud, and produces lots of heat. Buying these supports bitmain which in turn supports antpool which is bad.

2) lower hash per machine, but uses less power then the s7. uses open source cgminer (from kano/ck) (good). still produces a decent amount of heat, not as loud as an s7. doesn't directly support large spv mines unless you point it there would is bad.

3) best bang for buck unless you have cheap cheap cheap power.

[SFR10]

It has to be an Antminer S7 as well due to it's efficiency. In case you would go ahead and purchase it, make sure to get a fan since they removed a fan for their latest batch but if your going to get a second hand that is from other batches then no problem. There will be new miners that will be more efficient than s7 is at the moment with the new upcoming chip (IIRC it's from bitfury) so maybe it's best to wait at the moment, before you decide to get one.

[FUBAR-BDHR]

Definitely the S7 but unless you have really cheap electric you will never make your money back unless the price of btc goes way up.  In that case you are still better off just buying bitcoin and holding it.   

[QuintLeo]

You have a 4'th option.

 Wait

 The new "next-gen" miners should start hitting the market in the next month or two.

[Legacy2005]

You have a 4'th option.

 Wait

 The new "next-gen" miners should start hitting the market in the next month or two.

thats more speculation than anything else. no prototypes have been shown no specs released, not even a hint of a maybe release date.


i wouldnt be surprised if we didnt see new miners till fallish. those that can produce the miners from the 14 chips will keep them all for themselves first to capture as much btc before they release them into the market.

[NeuroticFish]

Unless you have too much money and free electricity, the best miner is the exchange of your choice.
Buy some Bitcoin, keep it well and you'll be better than buying an expensive miner and seeing that you have to struggle for the chance of ROI. Especially as (Winter) Halving is coming!

[sidehack]

You have a 4'th option.

 Wait

 The new "next-gen" miners should start hitting the market in the next month or two.

thats more speculation than anything else. no prototypes have been shown no specs released, not even a hint of a maybe release date.


i wouldnt be surprised if we didnt see new miners till fallish. those that can produce the miners from the 14 chips will keep them all for themselves first to capture as much btc before they release them into the market.

Not everyone would do that.

[Legacy2005]

You have a 4'th option.

 Wait

 The new "next-gen" miners should start hitting the market in the next month or two.

thats more speculation than anything else. no prototypes have been shown no specs released, not even a hint of a maybe release date.


i wouldnt be surprised if we didnt see new miners till fallish. those that can produce the miners from the 14 chips will keep them all for themselves first to capture as much btc before they release them into the market.

Not everyone would do that.

well your the exception to the rule sidehack. there always has to be one.

im talking more the big guys. ie bitfury, bitmain.

[sidehack]

Even the big guys might, if they think they can trick you into buying the gear for more than it would feasibly mine. The deck is always stacked in their favor with industrial wholesale power costs and stuff, but it also happens that new machines get sold at inordinately high prices and still fly off the shelves. It all depends on whether the manufacturer wants a lot of money right now, or a little bit more money spread out over the next few months.

[leowonderful]

Pray that Bitfury chips come out soon as they'll be the only redemption for us outdated miners. S7s will be dead after the halving, and so will Avalon miners and all the other crap out there. Trading also works, buy some btc and easy profit. 0 electricity, 100% profit if you know what  you are doing. S7s do have room to underclock, so they could last  maybe a few weeks after the halving, but sell early- prices will take a dive after the halving due to selling and buying some next gen miner.

[alh]

Pray that Bitfury chips come out soon as they'll be the only redemption for us outdated miners. S7s will be dead after the halving, and so will Avalon miners and all the other crap out there. Trading also works, buy some btc and easy profit. 0 electricity, 100% profit if you know what  you are doing. S7s do have room to underclock, so they could last  maybe a few weeks after the halving, but sell early- prices will take a dive after the halving due to selling and buying some next gen miner.

While in general I agree that it's just as prudent to trade/hold BTC as mine, I am very skeptical of "100% profit if you know what you are doing". I'd like to understand what trading strategy yields an increase for a $1000 investment to $2000 in a well defined time frame. While this would be completely true if you bought 8 months ago, you could just as easily be down 50% if you bought in at $800.

Please elaborate on what I should be doing to trade BTC to make money. Maybe there is some exchange that I am unaware of that doesn't charge me so much that even trading small swings gets eaten up by various fees and buy/sell differences. Can you accomplish this using coinbase?

[Amph]

i would wait for the next gen, even the s7 is struggling too much to maintain its profit, you will have a better opportunity with the next asic, at least for the first stage of the release

then you need to sell them again, at this point i think it's better to do trading directly than trading hash, because mining is now like that, trading hash all the time

[-droid-]

Pray that Bitfury chips come out soon as they'll be the only redemption for us outdated miners. S7s will be dead after the halving, and so will Avalon miners and all the other crap out there. Trading also works, buy some btc and easy profit. 0 electricity, 100% profit if you know what  you are doing. S7s do have room to underclock, so they could last  maybe a few weeks after the halving, but sell early- prices will take a dive after the halving due to selling and buying some next gen miner.

While in general I agree that it's just as prudent to trade/hold BTC as mine, I am very skeptical of "100% profit if you know what you are doing". I'd like to understand what trading strategy yields an increase for a $1000 investment to $2000 in a well defined time frame. While this would be completely true if you bought 8 months ago, you could just as easily be down 50% if you bought in at $800.

Please elaborate on what I should be doing to trade BTC to make money. Maybe there is some exchange that I am unaware of that doesn't charge me so much that even trading small swings gets eaten up by various fees and buy/sell differences. Can you accomplish this using coinbase?

Lol spot on

[QuintLeo]

You have a 4'th option.

 Wait

 The new "next-gen" miners should start hitting the market in the next month or two.

thats more speculation than anything else. no prototypes have been shown no specs released, not even a hint of a maybe release date.

 Bitfury has 3 videos showing their new chip, including specs. No miners yet though.

 Innosilicon has released specs for their A4 Scrypt miners and chips, but not yet on the A3.

 BW.com has released specs on their B11 (apparently in production but not for public sale yet) miner and it's chips, and estimated specs on their next-gen chips, but the current miner isn't any better on specs than the S7.


 Date and price is definitely speculation, but it's looking pretty solid that SOME new miners will be getting released before the next Bitcoin halfing in July.
 I would be SHOCKED if nothing "new" showed up in Bitcoin miners before fall - technically the B11 would count as it's not being sold to the public yet, but I would still be shocked if it was the ONLY thing that showed up for sale before fall.



 Oh yeah - the X11 miner showed up for real (one of the big review sites had a review on the one they got), but only a small quantity in the first batch - no idea when their next batch will go on sale.



 S7 won't be dead after the halfing, nor will the B11 or Avalon 6 - but their profit will be totally reliant on VERY VERY cheap electric, and small even then, unless a LOT of earlier-gen miners get turned off for being unprofitable.


 Up side on the 14/16nm full custom generation - it CAN'T get outdated in less than a few years, as it will have reached the current semiconductor "state of the art" - this is THE BIG CHANGE from anything that came before. There might still be room to tweek designs for smaller gains, but those gains if any will be much much smaller than a "new generation" has generally demonstrated.

[gkv9]

Seeing the current conditions, you should preferably wait until halving actually takes effect, as after that only you will be able to see which miner gets you into the action as even mining firms might be getting ready with the upcoming challenges and might release newer and better versions, you might need to pay some more, but at least you will know that you are assured to ROI in least time with the latest technology...

[jorgepucela14]

At this point you have 3 options:

1) antminer s7

2) Avalon A6

3) Buy Bitcoins



Reasons:

1) provides highest hash power per machine. Uses 1300-1400 watts. Loud, and produces lots of heat. Buying these supports bitmain which in turn supports antpool which is bad.

2) lower hash per machine, but uses less power then the s7. uses open source cgminer (from kano/ck) (good). still produces a decent amount of heat, not as loud as an s7. doesn't directly support large spv mines unless you point it there would is bad.

3) best bang for buck unless you have cheap cheap cheap power.

Buy bitcoins could be the most profitable one...also the most intelligent option