Bitmain New Miner S7-LN 2.7T @697W discussion (Not official)

[QuestionQuest]

After running the calculations am I correct that holding all things constant (same elec. rate, shipping from Bitmain, difficulty,) the ROI seems to be about the same this S7-LN vs. S7  (within about 10 days or so form the calculator).  I am not even questioning if ROI is even achievable with everything else going on.. halving..next gen equipment etc. Just doing a direct a comparison between these two models.

my calculation allotted for buying a S7 PSU for about $150, and being able to use a $100 coupon on the newest Batch s7 (which I assume cant be used for the S7-LN?).

This would make total shipped cost of Each:

• S7-LN = $276
• S7 Batch 17 + PSU = $550

My point is, unless you just need a smaller / quieter machine... ROI wise & comparison wise the S7-LN does not seem drastically different that the S7.  Does this seem correct?

Never mind. Got it

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[adaseb]

They really must have some specific formula for determining these prices

Because its basically makes them useless by the time it pays for itself unless BTC doubles, difficulty halves.

I guess none of us will like the S9 pricing.

[philipma1957]

They really must have some specific formula for determining these prices

Because its basically makes them useless by the time it pays for itself unless BTC doubles, difficulty halves.

I guess none of us will like the S9 pricing.

The s9 will only work for a low power guy 5 cents 6 cents.  I wonder if they will make it use 2000 watts  killing off most if not all  120 volt  setups.

[RichBC]

So I see these are now available on the main Bitmain site.

$276 shipping from June 2nd.

Great pity from an International shipment point of view that these are not available at a lower price & weight without the PSU.


Rich

[QuestionQuest]

In my opinion there is on point on the new S7-Lite which is perfect.
The new PSU holder on top 

[GMPoison]

They really must have some specific formula for determining these prices

Because its basically makes them useless by the time it pays for itself unless BTC doubles, difficulty halves.

I guess none of us will like the S9 pricing.

For mining in general to remain profitable, the price of Bitcoin will have to double for the halving. As long as the price shoots up to match the difficulty - which it always has - especially after a halving, miners will remain profitable. Especially including this S7-LN because it comes with a power supply.

I'm not quite understanding why everyone is calling this useless. It's just as efficient as the previous S7, half the price, half the hashes, but it comes with a power supply.

[sidehack]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

[GMPoison]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation. B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

[philipma1957]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and   the diff dropped a bit.   then 3 or 4 adjustments  later we upswung in price.

Topping out in April 2013  at 240 usd  then a crash.  I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency  like asics were to gpus

[adaseb]

Any idea if this miner will run a little quieter then the original S7?

[philipma1957]

Any idea if this miner will run a little quieter then the original S7?

yes I think I saw a db number a little lower then the s-7.

[GMPoison]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and   the diff dropped a bit.   then 3 or 4 adjustments  later we upswung in price.

Topping out in April 2013  at 240 usd  then a crash.  I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency  like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

[CjMapope]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and   the diff dropped a bit.   then 3 or 4 adjustments  later we upswung in price.

Topping out in April 2013  at 240 usd  then a crash.  I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency  like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

agreed.  im hoping that knc going down will drop 50-100PH/S from the network over next few weeks/months to reconsider mining ;p 
till then im following phil, GPU rigs all the way

[GMPoison]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and   the diff dropped a bit.   then 3 or 4 adjustments  later we upswung in price.

Topping out in April 2013  at 240 usd  then a crash.  I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency  like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

agreed.  im hoping that knc going down will drop 50-100PH/S from the network over next few weeks/months to reconsider mining ;p 
till then im following phil, GPU rigs all the way

The money some people I know are making off Ethereum right now is ridiculous. Hopefully my check comes soon so I can get going, every day that passes is a lot of money not made.

[Real-Duke]

Looking forward to read about the hardware. In special if its used/looking old hardware on the PSU's

[philipma1957]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and   the diff dropped a bit.   then 3 or 4 adjustments  later we upswung in price.

Topping out in April 2013  at 240 usd  then a crash.  I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency  like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

agreed.  im hoping that knc going down will drop 50-100PH/S from the network over next few weeks/months to reconsider mining ;p  
till then im following phil, GPU rigs all the way

I have 310mh doing eth coin.   at 18 cents power on the 1st of june

I have 27-28th doing btc coin   at 'free' power =  I provide rigs buysolar provides  power we split the coins.  With my summer power price it is the only way I can mine btc at the moment.

I make more with eth coin then the btc at the moment.

I also blend and balance the  eth btc and cash  about ⅓ +  ⅓ + ⅓

And I stopped renting for a while.

So a mix is what I am doing. I will very likely get a s-9 when it comes out.

[GMPoison]

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and   the diff dropped a bit.   then 3 or 4 adjustments  later we upswung in price.

Topping out in April 2013  at 240 usd  then a crash.  I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency  like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

agreed.  im hoping that knc going down will drop 50-100PH/S from the network over next few weeks/months to reconsider mining ;p  
till then im following phil, GPU rigs all the way

I have 310mh doing eth coin.   at 18 cents power on the 1st of june

I have 27-28th doing btc coin   at 'free' power =  I provide rigs buysolar provides  power we split the coins.  With my summer power price it is the only way I can mine btc at the moment.

I make more with eth coin then the btc at the moment.

I also blend and balance the  eth btc and cash  about ⅓ +  ⅓ + ⅓

And I stopped renting for a while.

So a mix is what I am doing. I will very likely get a s-9 when it comes out.

Even if the S9 is priced higher than previous versions and comes with a higher hash rate, it will likely be more efficient, being worth the upgrade. The new S7 that comes with a power supply though, those are looking great! You shave hundreds or thousands off your setup because of the free PSU. What I'm curious about is what the halving will do to mining. These things don't ship until a month before the halving, that's what is making me hesitant.

[generalt]

Anybody know if that Enermax will run on 120v?  If it's anything like the S2 PSI would imagine that it would but I just want to make sure.

[philipma1957]

Anybody know if that Enermax will run on 120v?  If it's anything like the S2 PSI would imagine that it would but I just want to make sure.

It should but if,it does not I have something for you.

[adaseb]

Anybody know if that Enermax will run on 120v?  If it's anything like the S2 PSI would imagine that it would but I just want to make sure.

Yeah I got a bunch of them at 120V