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Author Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order  (Read 506470 times)
Puffy23
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June 11, 2016, 12:05:28 AM
 #481

Unless price of BTC doubles in short order after halving ( http://www.bitcoinblockhalf.com/ ) of Block rewards early adopters are screwing themselves paying these initial asking prices for S9.

Curious to see what the S9 will be selling for in August.

No technically everyone who buys this is screwing themselves, even if BTC price doubles.  I think the doubling will happen (well 400>800) but the point is you'd be better off buying 3.4BTC and HODL rather than spend 3.4BTC to make 2.9BTC back in the future!

so buy and hold..

 I did both  I am holding coins .  I am buying s-9's.

I will let you know which does better.

and once again  all buy and hold predictions are wrong if this happens below.


Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s   coin price was 368

Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s  coin price was 295


so buying an  sp20  on nov 5 2014  mining it for  just under 1 year

vs buying a few coins on nov 5 2014 holding it for just under 1 year


If that happens you'll have 2.5 coins from this miner and I'll have 3.5 from holding.  We both lose with price drop, but I lose less.

If you can't ROI in BTC there is absolutely no scenario where the miner is better than holding.  You gain less on BTC rise and lose more on BTC drop.

And that's if your gear makes it a year.  Remember, you've got all the risk of mining.


I would have a working miner in my case

  diff would be  1.57 x 196 = 307 


coins would be 460

so  the miner would be viable  as an earner  1 year from today

it would be earning .095 btc a diff adjustment at 10 cent power

it would be earning .11 btc a diff adjustment at 9 cent power

it would be earning  .13 btc a diff adjustment at 8 cent power




so if growth drops to 1.9 % for  a year like my example

which is did in my time frame

and if  price drops  20%  which it did in my example.

you would have a miner that does  13000th at 1300 watts  a year from today and it would be a viable money earner .


So it would bitch slap your buy and hold idea.  you are wrong in my example..   if you fail to see that and admit it.  you life will always be that of unhappiness and bitterness because yu fail to see you are wrong some of the time.

I will say many cases that can happen that you would be correct about the s-9.

but not my example above. 



Haha, unhappiness and bitterness.  I like it.

My position has always been that you run ROI in BTC.  If you can't ROI in BTC you hold.

You're right in that the example you provided would make for a viable miner.  It is viable in that scenario because it ROIs in BTC.  I've been waiting for someone to stop arguing about the logic of BTC ROI and simply put forth the scenario and math in which this miner could actually accomplish a BTC ROI.

Congratulations, you've done that. 

Now the only question is, do you believe the network will slow down to 2% growth?
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philipma1957
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June 11, 2016, 12:58:00 AM
 #482

Unless price of BTC doubles in short order after halving ( http://www.bitcoinblockhalf.com/ ) of Block rewards early adopters are screwing themselves paying these initial asking prices for S9.

Curious to see what the S9 will be selling for in August.

No technically everyone who buys this is screwing themselves, even if BTC price doubles.  I think the doubling will happen (well 400>800) but the point is you'd be better off buying 3.4BTC and HODL rather than spend 3.4BTC to make 2.9BTC back in the future!

so buy and hold..

 I did both  I am holding coins .  I am buying s-9's.

I will let you know which does better.

and once again  all buy and hold predictions are wrong if this happens below.


Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s   coin price was 368

Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s  coin price was 295


so buying an  sp20  on nov 5 2014  mining it for  just under 1 year

vs buying a few coins on nov 5 2014 holding it for just under 1 year


If that happens you'll have 2.5 coins from this miner and I'll have 3.5 from holding.  We both lose with price drop, but I lose less.

If you can't ROI in BTC there is absolutely no scenario where the miner is better than holding.  You gain less on BTC rise and lose more on BTC drop.

And that's if your gear makes it a year.  Remember, you've got all the risk of mining.


I would have a working miner in my case

  diff would be  1.57 x 196 = 307 


coins would be 460

so  the miner would be viable  as an earner  1 year from today

it would be earning .095 btc a diff adjustment at 10 cent power

it would be earning .11 btc a diff adjustment at 9 cent power

it would be earning  .13 btc a diff adjustment at 8 cent power




so if growth drops to 1.9 % for  a year like my example

which is did in my time frame

and if  price drops  20%  which it did in my example.

you would have a miner that does  13000th at 1300 watts  a year from today and it would be a viable money earner .


So it would bitch slap your buy and hold idea.  you are wrong in my example..   if you fail to see that and admit it.  you life will always be that of unhappiness and bitterness because yu fail to see you are wrong some of the time.

I will say many cases that can happen that you would be correct about the s-9.

but not my example above. 



Haha, unhappiness and bitterness.  I like it.

My position has always been that you run ROI in BTC.  If you can't ROI in BTC you hold.

You're right in that the example you provided would make for a viable miner.  It is viable in that scenario because it ROIs in BTC.  I've been waiting for someone to stop arguing about the logic of BTC ROI and simply put forth the scenario and math in which this miner could actually accomplish a BTC ROI.

Congratulations, you've done that. 

Now the only question is, do you believe the network will slow down to 2% growth?

Thank you ,

so happiness is in store for you and myself.


 Do I think the case above will repeat no , but I think it could repeat.

So I purchased 3 s-9's (I have really low power cost)  and I saved 5 coins.  which is about an 11.5 to 5 coin ratio. and I have some cash 3k and a few eth miners 2k. 


If I really believed in it I would have done 7 s-9's at about 23 coins.  so I am in coin game for 11-12 k but playing 4 or 5 positions looking to shift to any of the five spots.


I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Skylake
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June 11, 2016, 01:15:45 AM
 #483

i read at cryptocompare the current rate of ROI with antminer S9 only 4month , i think after halving the rate of roi will be 8month right or not ?
i have plan to buy 1 after halving.
Puffy23
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June 11, 2016, 02:52:35 AM
 #484

Quote
So I purchased 3 s-9's (I have really low power cost)  and I saved 5 coins.  which is about an 11.5 to 5 coin ratio. and I have some cash 3k and a few eth miners 2k.

Gotta respect the diversification.
WaffleMaster
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June 11, 2016, 04:26:57 AM
 #485

i read at cryptocompare the current rate of ROI with antminer S9 only 4month , i think after halving the rate of roi will be 8month right or not ?
i have plan to buy 1 after halving.
It should be less than double the time, but all factors considered it probably WILL take a couple more months to ROI. I don't think the price will compensate for the difficulty rising and halving of block rewards. Double? Probably not, but 1.3-1.5x longer to ROI? Probably.
Sierra8561
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June 11, 2016, 04:53:29 AM
 #486

I think the life of the s9 will be longer. We are catching up with technology and the 10nm chip is a ways down the road. The s7 lasted about 9 months if my memory is correct. The s9 should be much longer.
zulover
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June 11, 2016, 08:18:54 AM
 #487

Looks life batch 2 is sold or anyone have an idea of time for batch 3?
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June 11, 2016, 08:45:41 AM
 #488

Unless price of BTC doubles in short order after halving ( http://www.bitcoinblockhalf.com/ ) of Block rewards early adopters are screwing themselves paying these initial asking prices for S9.

Curious to see what the S9 will be selling for in August.

No technically everyone who buys this is screwing themselves, even if BTC price doubles.  I think the doubling will happen (well 400>800) but the point is you'd be better off buying 3.4BTC and HODL rather than spend 3.4BTC to make 2.9BTC back in the future!

so buy and hold..

 I did both  I am holding coins .  I am buying s-9's.

I will let you know which does better.

and once again  all buy and hold predictions are wrong if this happens below.


Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s   coin price was 368

Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s  coin price was 295


so buying an  sp20  on nov 5 2014  mining it for  just under 1 year

vs buying a few coins on nov 5 2014 holding it for just under 1 year


If that happens you'll have 2.5 coins from this miner and I'll have 3.5 from holding.  We both lose with price drop, but I lose less.

If you can't ROI in BTC there is absolutely no scenario where the miner is better than holding.  You gain less on BTC rise and lose more on BTC drop.

And that's if your gear makes it a year.  Remember, you've got all the risk of mining.


I would have a working miner in my case

  diff would be  1.57 x 196 = 307 


coins would be 460

so  the miner would be viable  as an earner  1 year from today

it would be earning .095 btc a diff adjustment at 10 cent power

it would be earning .11 btc a diff adjustment at 9 cent power

it would be earning  .13 btc a diff adjustment at 8 cent power




so if growth drops to 1.9 % for  a year like my example

which is did in my time frame

and if  price drops  20%  which it did in my example.

you would have a miner that does  13000th at 1300 watts  a year from today and it would be a viable money earner .


So it would bitch slap your buy and hold idea.  you are wrong in my example..   if you fail to see that and admit it.  you life will always be that of unhappiness and bitterness because yu fail to see you are wrong some of the time.

I will say many cases that can happen that you would be correct about the s-9.

but not my example above. 



Haha, unhappiness and bitterness.  I like it.

My position has always been that you run ROI in BTC.  If you can't ROI in BTC you hold.

You're right in that the example you provided would make for a viable miner.  It is viable in that scenario because it ROIs in BTC.  I've been waiting for someone to stop arguing about the logic of BTC ROI and simply put forth the scenario and math in which this miner could actually accomplish a BTC ROI.

Congratulations, you've done that. 

Now the only question is, do you believe the network will slow down to 2% growth?

If KnC liquidate their miners?? Yes & maybe negative growth Grin

Are they going to liquidate their miners?? I think not,probably put them under another corp & keep em runnin,they have very cheap electricity if I remember correctly  Sad

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
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June 11, 2016, 10:57:11 AM
 #489

Network growth will not slow because these things are money printing machines.
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June 11, 2016, 12:05:57 PM
 #490

...
If KnC liquidate their miners?? Yes & maybe negative growth Grin

Are they going to liquidate their miners?? I think not,probably put them under another corp & keep em runnin,they have very cheap electricity if I remember correctly  Sad

Cheap electricity, in Sweden? Don't think so. Actually electricity fee was Knc's main excuse for bankruptcy ... as I remember ... long time ago Wink
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June 11, 2016, 12:49:28 PM
 #491

Looks life batch 2 is sold or anyone have an idea of time for batch 3?


He is back on sale.

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June 11, 2016, 04:19:00 PM
 #492

I want the Big Boy(Batch 1) back on sale!

BTC Address (Donations):  15FdU43k72iLmqRR4EPhkZYokq3dTVJM3g     Website:  www.MintMining.com
Mining Investing: www.MintMining.com                                                 Email: Mining@MintMining.com
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June 11, 2016, 09:57:46 PM
 #493

...
If KnC liquidate their miners?? Yes & maybe negative growth Grin

Are they going to liquidate their miners?? I think not,probably put them under another corp & keep em runnin,they have very cheap electricity if I remember correctly  Sad

Cheap electricity, in Sweden? Don't think so. Actually electricity fee was Knc's main excuse for bankruptcy ... as I remember ... long time ago Wink

Didn't they have "dator halls" in Iceland though,land of geothermal,2 cent kwh lectricity  Huh

Sorry for the off topic  Roll Eyes

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
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hawkfish007
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June 12, 2016, 12:14:06 AM
 #494

Well June 12 in China, we should be getting shipping confirmations soon?

For quality risers, splitters or 133 CFM fans, please visit my eBay listings,
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June 12, 2016, 02:07:04 AM
 #495

Went grocery shopping with btc at $585, came back-it is at $624...whaaat?
checked b2-it is greyed out and price of btc is not adjusted there.
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June 12, 2016, 03:04:31 AM
 #496

Went grocery shopping with btc at $585, came back-it is at $624...whaaat?
checked b2-it is greyed out and price of btc is not adjusted there.

interesting... where to do groceries with BTC?

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June 12, 2016, 03:37:14 AM
 #497

Well June 12 in China, we should be getting shipping confirmations soon?

Well I was marked paid in the first hour of sales for batch 1 .

Now that coins went through the roof I am hoping they don't delay shipping for a few more days

IT is about 11:30 am in China the 12th of June.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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June 12, 2016, 03:51:20 AM
 #498

Went grocery shopping with btc at $585, came back-it is at $624...whaaat?
checked b2-it is greyed out and price of btc is not adjusted there.

Yeah I checked the price of the S7-LN and it's the same.  $291 US BTC0.499  Sad

BTC: 1GENERALrtBAjEv2Ps5cmEW1FADnXh1bCZ
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June 12, 2016, 03:55:40 AM
 #499

Went grocery shopping with btc at $585, came back-it is at $624...whaaat?
checked b2-it is greyed out and price of btc is not adjusted there.

Yeah I checked the price of the S7-LN and it's the same.  $291 US BTC0.499  Sad

bitmaintech has failed to update btc price see below  that is about 40 bucks too low.




now 50 usd a coin different!



I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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June 12, 2016, 04:00:27 AM
 #500

Well June 12 in China, we should be getting shipping confirmations soon?

Well I was marked paid in the first hour of sales for batch 1 .

Now that coins went through the roof I am hoping they don't delay shipping for a few more days

IT is about 11:30 am in China the 12th of June.

My past shipping confirmations used to come in between 3-8 PM Beijing time although I never got one on a Sunday.

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