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Author Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order  (Read 489684 times)
ConnerM
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November 06, 2017, 02:47:14 AM
 #4901

Is it worth buying S9 now ??

Dudes are constantly posting this everywhere in the forums - is mining profitable in such and such an date on such and such a machine? Is an S9/741/GPU/CPU/Raspberry Pi profitable to mine on yesterday / today / tomorrow?

You can't do anything more than guess at mining revenues beyond a couple difficulty cycles anyway, so ROI calculation is pretty useless. Cost of electricity is far less important than the anticipated exchange rate of BTC at a certain time in the future - that is really the only metric that matters. I'm sure all those folks that have high power rates and talked themselves out of mining at a loss (or when the ROI was theoretically far into the future) back when BTC was $400 are kicking themselves now, because they were using the entirely wrong metric to calculate ROI.

Along with up front investment and operational costs, you have to have a target goal for the exchange price of BTC built into your calculations. When we setup our farm earlier this year, mining at the current price of BTC (about $ 1600) + the price of electricity looked pretty dubious on paper. But when we set a target price of $10,000/BTC for Fall of 2018, the notion became quite profitable in theory. Nothing like BTC has ever existed before, so that's all it can be - a theory.  Will that happen? Who knows. But it's every bit as plausible any any other metric we might have used, so we went for it.

ROI/profitability over any reasonable period of time is a figure you just can't calculate anyway. Do you believe in BTC? Any investment in BTC via mining or trading is speculation. You invest funds you can afford to loose based on the possibility of a future high return. Many years (or days lol!) from now when BTC is $35,000 or $350,000 you will be glad you saw beyond things like power costs or if you would get your money back on your mining equipment in six months, and if BTC is $0 then you really didn't loose that much relative to the potential gain and you'll have some great 1400w space heaters that have the upside of sounding like fighter jet engines on the tarmac. Heat the house and imagine you're Maverick from Top Gun.

  "Engage Maverick - Engage! Ice Man is in trouble! You have to Engage!"   Wink

Poor Goose.

The only thing for sure is the longer you wait around hand wringing about an unknowable variable like ROI, the less profit you are likely to make in the long run. Based on the information you can gather, what do YOU think (not someone else) is going to happen in the future? Trade on that and, win or loose, you'll always be OK.

"Buying up the shovels as fast as possible..."
My Little Farm -or- How I learned to Stop Worrying and Spend All My Time --> https://imgur.com/a/T1z8q
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AriesIV10
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November 06, 2017, 04:40:52 AM
 #4902

If any of you are seeing that there is no profitability for the S9s, just sell them to me for $1K, haha.  I do not mean to insult, I am in it for the long run and see a GREAT future in Mining!

BTC Address (Donations):  15FdU43k72iLmqRR4EPhkZYokq3dTVJM3g     Website:  www.MintMining.com
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November 06, 2017, 11:52:58 AM
 #4903

Is it worth buying S9 now ??

Dudes are constantly posting this everywhere in the forums - is mining profitable in such and such an date on such and such a machine? Is an S9/741/GPU/CPU/Raspberry Pi profitable to mine on yesterday / today / tomorrow?

You can't do anything more than guess at mining revenues beyond a couple difficulty cycles anyway, so ROI calculation is pretty useless. Cost of electricity is far less important than the anticipated exchange rate of BTC at a certain time in the future - that is really the only metric that matters. I'm sure all those folks that have high power rates and talked themselves out of mining at a loss (or when the ROI was theoretically far into the future) back when BTC was $400 are kicking themselves now, because they were using the entirely wrong metric to calculate ROI.

Along with up front investment and operational costs, you have to have a target goal for the exchange price of BTC built into your calculations. When we setup our farm earlier this year, mining at the current price of BTC (about $ 1600) + the price of electricity looked pretty dubious on paper. But when we set a target price of $10,000/BTC for Fall of 2018, the notion became quite profitable in theory. Nothing like BTC has ever existed before, so that's all it can be - a theory.  Will that happen? Who knows. But it's every bit as plausible any any other metric we might have used, so we went for it.

ROI/profitability over any reasonable period of time is a figure you just can't calculate anyway. Do you believe in BTC? Any investment in BTC via mining or trading is speculation. You invest funds you can afford to loose based on the possibility of a future high return. Many years (or days lol!) from now when BTC is $35,000 or $350,000 you will be glad you saw beyond things like power costs or if you would get your money back on your mining equipment in six months, and if BTC is $0 then you really didn't loose that much relative to the potential gain and you'll have some great 1400w space heaters that have the upside of sounding like fighter jet engines on the tarmac. Heat the house and imagine you're Maverick from Top Gun.

  "Engage Maverick - Engage! Ice Man is in trouble! You have to Engage!"   Wink

Poor Goose.

The only thing for sure is the longer you wait around hand wringing about an unknowable variable like ROI, the less profit you are likely to make in the long run. Based on the information you can gather, what do YOU think (not someone else) is going to happen in the future? Trade on that and, win or loose, you'll always be OK.


Wow, very well said!

"I'm sure all those folks that have high power rates and talked themselves out of mining at a loss (or when the ROI was theoretically far into the future) back when BTC was $400 are kicking themselves now"

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November 06, 2017, 01:50:02 PM
 #4904

Is it worth buying S9 now ??

Dudes are constantly posting this everywhere in the forums - is mining profitable in such and such an date on such and such a machine? Is an S9/741/GPU/CPU/Raspberry Pi profitable to mine on yesterday / today / tomorrow?

You can't do anything more than guess at mining revenues beyond a couple difficulty cycles anyway, so ROI calculation is pretty useless. Cost of electricity is far less important than the anticipated exchange rate of BTC at a certain time in the future - that is really the only metric that matters. I'm sure all those folks that have high power rates and talked themselves out of mining at a loss (or when the ROI was theoretically far into the future) back when BTC was $400 are kicking themselves now, because they were using the entirely wrong metric to calculate ROI.

Along with up front investment and operational costs, you have to have a target goal for the exchange price of BTC built into your calculations. When we setup our farm earlier this year, mining at the current price of BTC (about $ 1600) + the price of electricity looked pretty dubious on paper. But when we set a target price of $10,000/BTC for Fall of 2018, the notion became quite profitable in theory. Nothing like BTC has ever existed before, so that's all it can be - a theory.  Will that happen? Who knows. But it's every bit as plausible any any other metric we might have used, so we went for it.

ROI/profitability over any reasonable period of time is a figure you just can't calculate anyway. Do you believe in BTC? Any investment in BTC via mining or trading is speculation. You invest funds you can afford to loose based on the possibility of a future high return. Many years (or days lol!) from now when BTC is $35,000 or $350,000 you will be glad you saw beyond things like power costs or if you would get your money back on your mining equipment in six months, and if BTC is $0 then you really didn't loose that much relative to the potential gain and you'll have some great 1400w space heaters that have the upside of sounding like fighter jet engines on the tarmac. Heat the house and imagine you're Maverick from Top Gun.

  "Engage Maverick - Engage! Ice Man is in trouble! You have to Engage!"   Wink

Poor Goose.

The only thing for sure is the longer you wait around hand wringing about an unknowable variable like ROI, the less profit you are likely to make in the long run. Based on the information you can gather, what do YOU think (not someone else) is going to happen in the future? Trade on that and, win or loose, you'll always be OK.


Wow, very well said!

"I'm sure all those folks that have high power rates and talked themselves out of mining at a loss (or when the ROI was theoretically far into the future) back when BTC was $400 are kicking themselves now"
It's still risky nevertheless and you're taking a pretty big gamble; personally if I were going to do something like this I would just straight up buy Bitcoin. Still better to buy profitable miners or just hold imo but to each his own. I used to run an SP20 at a loss and with the price rises made my money back and then some.

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MN-Mining
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November 06, 2017, 03:52:59 PM
 #4905

If any of you are seeing that there is no profitability for the S9s, just sell them to me for $1K, haha.  I do not mean to insult, I am in it for the long run and see a GREAT future in Mining!

Same here would possibly be up for paying retail even to give a full return to someone

If you think you know it all. You know nothing.
skippic
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November 07, 2017, 03:28:15 PM
 #4906

For ordering is USD fine, or better to pay with BTC? I mean are there any problems one encounter with cash, like they only accept BTC for a certain batch or something similar?
ordimans
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November 07, 2017, 04:22:30 PM
 #4907

China supplier who change price everyday for S9 and L3....

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November 07, 2017, 05:20:04 PM
 #4908

If any of you are seeing that there is no profitability for the S9s, just sell them to me for $1K, haha.  I do not mean to insult, I am in it for the long run and see a GREAT future in Mining!

Well said!  I have had this belief for YEARS now.  It only gets better.
LucaSum
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November 07, 2017, 06:58:07 PM
 #4909

hello everybody

what do you guess how low will it take until the next s9 badge?

sadly i missed the one in october but i really want some s9 Smiley
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November 08, 2017, 03:39:53 AM
 #4910

New batch of 13.5 S9s just posted by Bitmain... only BCH again though.  BOOOOO!

Was hoping for a USD batch to get a late arriving Christmas present Sad

Block #456099 @ Slush
24 - S9     8 - D3     14 - L3+
9 - 8x 1070     6 - 8x 1060     7 - 8x RX580     1 - 7x RX480     1 - 6x RX470
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November 08, 2017, 03:46:36 AM
 #4911

BCH again.  Jan shipment too. I don't know.  My late Nov batch of D3's say shipping now. But my other s9's haven't updated yet. 
jackfruit
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November 08, 2017, 06:45:31 AM
 #4912

I have been trying to buy S9 for several weeks now. It is finally avaliable again, but now i am a bit scared. Mostly because of segwit 2x hardfork and how it is going to effect the price of bitcoin in the following weeks. S9 is surely profitable right now, and worth even buying to resell it.
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November 08, 2017, 09:27:28 AM
 #4913

I have been trying to buy S9 for several weeks now. It is finally avaliable again, but now i am a bit scared. Mostly because of segwit 2x hardfork and how it is going to effect the price of bitcoin in the following weeks. S9 is surely profitable right now, and worth even buying to resell it.

hum.. it seems really a big interrogative...
but i have a big question.. i don't understand if S9 could be used to mine bitcoin after Forks occurs...
no one have a response??
i think yes.. the algo still SHA-256
but i'm not sure.
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November 08, 2017, 01:37:36 PM
 #4914

Jan batch has just been sold out... in a matter of hours

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November 08, 2017, 02:02:28 PM
 #4915

Jan batch has just been sold out... in a matter of hours

it's crazy whats happening now.. but always can come China and buy higher price but available now.
If anyone need help please PM or grablewski@ya.ru - im living here in China in Shenzhen - where Bitmain makes this asic's
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November 08, 2017, 10:27:54 PM
 #4916

Trusted member here. Looking for an S9 if anyone is selling one.

The marketplace is currently inundated with spammers and scammers.

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November 09, 2017, 04:33:17 AM
 #4917

In the same boat, looking for 46 or 68 Antminer S9s with their PSUs. Someone please PM me (Preferably trusted)

Regards..
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November 09, 2017, 12:57:59 PM
 #4918

S9 available again

https://shop.bitmain.com/productDetail.htm?pid=00020171107192032533eS3amKHU0690

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November 09, 2017, 01:00:10 PM
 #4919

just bought 12, but had to pay in bitcoin cash
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November 09, 2017, 02:22:07 PM
 #4920

just bought 12, but had to pay in bitcoin cash

I`m at the pay order page and can see the BCH symbol but can`t see how to acually pay for the order even if I had BCH. I only have BTC in my wallet Sad
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