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Author Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order  (Read 507455 times)
philipma1957
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June 12, 2016, 06:56:21 PM
 #521

Looking at the monthly charts. It' appears we could be nearing the 5 th leg. Watch close for sure:)

Best Regards
D57heinz

we were building an ascending triangle since last October (8 mo or so). This upmove is the breakout out of that triangle, so i don't know about wave count. We very well might correct here, who knows. Back in late april, i bought a few coins for an upcoming S9 purchase. S9 turned out to be overpriced in btc by 2X of what i was expecting (although I was projecting a ~10th miner, so less than 2X considering that it was 13-14Th), so i kept the coins for a nice gains so far.

Maybe in two mo i will be able to buy two S9 for these btc, as i was expecting in the first place.

EDIT: That said, those who will start mining on S9 from this Tue-Wed will enjoy the most $$ profitability (mining reward vs cost) we have seen in the last 3 years. Too bad it will last only a bit less than four weeks at this level. At current btc value I calculate $693 in revenue until halving per ea machine with $80-95 in electrical costs (at 8-10c/kwh).

I have 2 on tues maybe weds


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June 12, 2016, 07:21:58 PM
 #522

Looking at the monthly charts. It' appears we could be nearing the 5 th leg. Watch close for sure:)

Best Regards
D57heinz

we were building an ascending triangle since last October (8 mo or so). This upmove is the breakout out of that triangle, so i don't know about wave count. We very well might correct here, who knows. Back in late april, i bought a few coins for an upcoming S9 purchase. S9 turned out to be overpriced in btc by 2X of what i was expecting (although I was projecting a ~10th miner, so less than 2X considering that it was 13-14Th), so i kept the coins for a nice gains so far.

Maybe in two mo i will be able to buy two S9 for these btc, as i was expecting in the first place.

EDIT: That said, those who will start mining on S9 from this Tue-Wed will enjoy the most $$ profitability (mining reward vs cost) we have seen in the last 3 years. Too bad it will last only a bit less than four weeks at this level. At current btc value I calculate $693 in revenue until halving per ea machine with $80-95 in electrical costs (at 8-10c/kwh).

I have 2 on tues maybe weds



I'll have 3 on Wednesday. Pretty excited to get some good mining gong.
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June 12, 2016, 07:48:59 PM
 #523

Why mining is not profitable after halving?

What can be the exact reason?
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June 12, 2016, 07:53:56 PM
 #524

One on Tuesday direct to SEG Mining.  I won't get to see it, but it will be hashing for me.  Electricity / Hosting too expensive in AZ.
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June 12, 2016, 07:54:38 PM
 #525

halving

the exact reason

Got a new 28-135GH stick miner!
Currently in development - 100+GH USB stick; 800GH 60W pod; 6TH volt-adjustable S1/3/5 upgrade kit
Server PSU interface boards and cables. USB and small-scale miners. Hardware hosting, advice and odd-jobs. Supporting the home miner community since 2013 - http://www.gekkoscience.com
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June 12, 2016, 08:55:36 PM
 #526

I don't know whose fault it is, bitpay or bitmain, but their price is seriously lagging the actual price (666 on bitstamp or 671 on coinbase).
People with basic web programming skills should be able to connect a realtime price indicator to the website, I assume.
Right now, people would basically pay extra $50.

EDIT: they adjusted immediately after my post. Someone is reading this forum in real time, LOL...and few seconds later they greyed it out.

EDIT2: now there are some news from EU that explains the sudden surge in btc price (hint-something failed)
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June 12, 2016, 10:20:01 PM
 #527

Looking at the monthly charts. It' appears we could be nearing the 5 th leg. Watch close for sure:)

Best Regards
D57heinz

we were building an ascending triangle since last October (8 mo or so). This upmove is the breakout out of that triangle, so i don't know about wave count. We very well might correct here, who knows. Back in late april, i bought a few coins for an upcoming S9 purchase. S9 turned out to be overpriced in btc by 2X of what i was expecting (although I was projecting a ~10th miner, so less than 2X considering that it was 13-14Th), so i kept the coins for a nice gains so far.

Maybe in two mo i will be able to buy two S9 for these btc, as i was expecting in the first place.

EDIT: That said, those who will start mining on S9 from this Tue-Wed will enjoy the most $$ profitability (mining reward vs cost) we have seen in the last 3 years. Too bad it will last only a bit less than four weeks at this level. At current btc value I calculate $693 in revenue until halving per ea machine with $80-95 in electrical costs (at 8-10c/kwh).

I have 2 on tues maybe weds



Nice. Looking forward to the first reviews on the S9.
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June 12, 2016, 10:58:16 PM
 #528

Just bought one S9, Batch 2 as well, and after that it wen't grey again.

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June 12, 2016, 11:27:25 PM
 #529

Just bought one S9, Batch 2 as well, and after that it wen't grey again.

it is still 0.6-0.7 btc overpriced.
0.65btc/S7 X2.72 (difference in hashing)=1.77 BTC.
Add 30% for better efficiency, 2.3 btc would be fair right now, much less after halving, of course.
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June 13, 2016, 04:42:42 AM
 #530

Selling again ..

ANTMINER S9-B2 with 12.93T
Speed:    12.93TH/S
Weight:    5.5 kg
Price:       1985 USD
               ( 2.927 BTC )
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June 13, 2016, 04:54:09 AM
 #531

I'd love to buy a shiny new S9  Grin but as others have stated why jump it before the halving? Price tag is a little high. It's probable the S9 will drop in price over the next few months anyway unless difficulty and btc price have something to say otherwise....

Either way, nice work Bitmain. You've outdone yourselves on this one.

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QuintLeo
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June 13, 2016, 07:56:56 AM
 #532

Why mining is not profitable after halving?

What can be the exact reason?

 It CAN still be profitable, but older less efficient gear probably won't be.

 Income will be cut in half (give or take difficulty shift) but the COST of the electric to run the miner won't change. Comes down, as usual, to how cheap your electric is - if it's cheap enough, S7s and Avalon 6s will still be (barely) profitable, S9s should be solidly profitable but will lose well over half their profit, and anything older than an S7 will probably turn into a serious moneyLOSER even if it's break-even or a little better right now.


 "The halfing" refers to the fact that somewhere in July, block 400,000 *IF* I remember correctly, the block rewards gets cut in half from the current 25BTC per block to 12.5 BTC per block.
 THAT is why "the halfing" is going to have a massive negative effect on Bitcoin profitability.

 Bitcoin price rise before then MIGHT mitigate the effects enough that even some older gear on low-cost electric will still be profitable, but EVERYONE is going to take a serious hit to their profitability.




 Bitmain seems to normally adjust their BTC price once a day - WHEN they aren't on "Dragon boat festival" holiday.


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citronick
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June 13, 2016, 08:48:36 AM
 #533

Why mining is not profitable after halving?

What can be the exact reason?

 It CAN still be profitable, but older less efficient gear probably won't be.

 Income will be cut in half (give or take difficulty shift) but the COST of the electric to run the miner won't change. Comes down, as usual, to how cheap your electric is - if it's cheap enough, S7s and Avalon 6s will still be (barely) profitable, S9s should be solidly profitable but will lose well over half their profit, and anything older than an S7 will probably turn into a serious moneyLOSER even if it's break-even or a little better right now.


 "The halfing" refers to the fact that somewhere in July, block 400,000 *IF* I remember correctly, the block rewards gets cut in half from the current 25BTC per block to 12.5 BTC per block.
 THAT is why "the halfing" is going to have a massive negative effect on Bitcoin profitability.

 Bitcoin price rise before then MIGHT mitigate the effects enough that even some older gear on low-cost electric will still be profitable, but EVERYONE is going to take a serious hit to their profitability.




 Bitmain seems to normally adjust their BTC price once a day - WHEN they aren't on "Dragon boat festival" holiday.



It will be profitable:
1. find a cheap or zero electricity
2. BTC price rises to a reasonable level
3. Supply of S9 is good (ie. not limited)

Meanwhile DHL send me a text, to sign off S9 when they deliver to my door steps in 24 hours....

If I provided you good and useful info or just bring a smile to your day, consider sending me merit points to further validate this Bitcointalk account ~ useful for future account recovery... BINANCE vs Huobi.Pro - Buy/Sell hash at Nicehash - Rent Rigs at MRR - SMOS -BBT/VOSK/AANTONOP/CBB/PM57/CryptoNEWS/CoinMktCap/Cryptoboreas/BITBLASTER!
philipma1957
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June 13, 2016, 09:48:56 AM
 #534

Why mining is not profitable after halving?

What can be the exact reason?

 It CAN still be profitable, but older less efficient gear probably won't be.

 Income will be cut in half (give or take difficulty shift) but the COST of the electric to run the miner won't change. Comes down, as usual, to how cheap your electric is - if it's cheap enough, S7s and Avalon 6s will still be (barely) profitable, S9s should be solidly profitable but will lose well over half their profit, and anything older than an S7 will probably turn into a serious moneyLOSER even if it's break-even or a little better right now.


 "The halfing" refers to the fact that somewhere in July, block 400,000 *IF* I remember correctly, the block rewards gets cut in half from the current 25BTC per block to 12.5 BTC per block.
 THAT is why "the halfing" is going to have a massive negative effect on Bitcoin profitability.

 Bitcoin price rise before then MIGHT mitigate the effects enough that even some older gear on low-cost electric will still be profitable, but EVERYONE is going to take a serious hit to their profitability.




 Bitmain seems to normally adjust their BTC price once a day - WHEN they aren't on "Dragon boat festival" holiday.



block 420001 I think

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June 13, 2016, 12:19:05 PM
 #535

what?! S9 sold out again...
alienesb
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June 13, 2016, 12:23:36 PM
 #536

what?! S9 sold out again...

Yep and at this price we're going to see some big jumps in difficulty.
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June 13, 2016, 12:28:34 PM
 #537

Anyone know the numbers produced for the first two batches?

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MoneyJ
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June 13, 2016, 12:38:19 PM
 #538

Is this gonna be as productive if bitcoin halves?

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philipma1957
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June 13, 2016, 12:40:28 PM
 #539

Anyone know the numbers produced for the first two batches?

https://bitcointalk.org/index.php?topic=1503062.msg15178681#msg15178681



https://bitcointalk.org/index.php?topic=1503062.msg15182190#msg15182190



  392 batch 1

  228 batch 2

but you can do more work on it if you want  as there was a very big 4800 coin payment  which may be an internal bitmaintech transfer or a 1200 unit purchase.

so 600 to 1800  

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I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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June 13, 2016, 12:53:50 PM
 #540

Meanwhile DHL send me a text, to sign off S9 when they deliver to my door steps in 24 hours....

Im in for your review.... And if you can get some video of its sound levels if at all possible.  Im wondering Which would win, a S7 or a S9 in a DB contest XD

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