Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order

[Druiz287]

I'm bummed that I missed this sale.  I remember last month they were only accepting BCH payments.  Was it like that this time around too or can we pay with BTC?

[1550468081]

1550468081

[1550468081]

1550468081

[kenji]

, they make money, but how much longer will they continue producing $30/day?  Newer, faster machines are being released by competitors, difficulty will continue to rise, and Bitmain somehow thinks that justifies doubling the price?  By the time the March batches deliver you could very easily be looking at a 200 day ROI on a $2600 machine (by the time you include shipping & PSU - not to mention any import taxes you may have to pay).

No one knows what will happen. These could be making $5 a day in march or $50 a day. They could be worthless before you even get them or they could be selling for $12,000 on eBay and you couldn't get your hands on one for 6 months. The question is are you a gambler?

That's the exciting part for me, because I truly do believe in crypto and it's future potential. That belief has allowed me to mine no matter what. In the unlikely event that bitcoin tanks way way way down and these things cost more in electricity than they generate in bitcoin, I'll still be mining, because I know that I'm getting bitcoin for cheap before it eventually goes back up. I love it, it's a win/win no matter what

[kenji]

I'm bummed that I missed this sale.  I remember last month they were only accepting BCH payments.  Was it like that this time around too or can we pay with BTC?

This one was only BCH. It took me about half a day to get my BTC converted to BCH, so make sure you do so ahead of time to be sure.

[rifleman74]

, they make money, but how much longer will they continue producing $30/day?  Newer, faster machines are being released by competitors, difficulty will continue to rise, and Bitmain somehow thinks that justifies doubling the price?  By the time the March batches deliver you could very easily be looking at a 200 day ROI on a $2600 machine (by the time you include shipping & PSU - not to mention any import taxes you may have to pay).

No one knows what will happen. These could be making $5 a day in march or $50 a day. They could be worthless before you even get them or they could be selling for $12,000 on eBay and you couldn't get your hands on one for 6 months. The question is are you a gambler?

Yep, that is the question and the risk.  That's why we're all in this.

[rifleman74]

, they make money, but how much longer will they continue producing $30/day?  Newer, faster machines are being released by competitors, difficulty will continue to rise, and Bitmain somehow thinks that justifies doubling the price?  By the time the March batches deliver you could very easily be looking at a 200 day ROI on a $2600 machine (by the time you include shipping & PSU - not to mention any import taxes you may have to pay).

No one knows what will happen. These could be making $5 a day in march or $50 a day. They could be worthless before you even get them or they could be selling for $12,000 on eBay and you couldn't get your hands on one for 6 months. The question is are you a gambler?

That's the exciting part for me, because I truly do believe in crypto and it's future potential. That belief has allowed me to mine no matter what. In the unlikely event that bitcoin tanks way way way down and these things cost more in electricity than they generate in bitcoin, I'll still be mining, because I know that I'm getting bitcoin for cheap before it eventually goes back up. I love it, it's a win/win no matter what

There's a smart guy.  Short term blips mean zip...all about the long run. 

[halfmil]

, they make money, but how much longer will they continue producing $30/day?  Newer, faster machines are being released by competitors, difficulty will continue to rise, and Bitmain somehow thinks that justifies doubling the price?  By the time the March batches deliver you could very easily be looking at a 200 day ROI on a $2600 machine (by the time you include shipping & PSU - not to mention any import taxes you may have to pay).

No one knows what will happen. These could be making $5 a day in march or $50 a day. They could be worthless before you even get them or they could be selling for $12,000 on eBay and you couldn't get your hands on one for 6 months. The question is are you a gambler?

That's the exciting part for me, because I truly do believe in crypto and it's future potential. That belief has allowed me to mine no matter what. In the unlikely event that bitcoin tanks way way way down and these things cost more in electricity than they generate in bitcoin, I'll still be mining, because I know that I'm getting bitcoin for cheap before it eventually goes back up. I love it, it's a win/win no matter what

There's a smart guy.  Short term blips mean zip...all about the long run.  

Some people years ago unplugged their miners when they were only making 1 bitcoin a day with them because the price of bitcoin was so low that it didn't cover the cost of the electricity. In hindsight that was a bad decision and hindsight is always 20/20. Mining is just a more passive way of investing. As miners all we can do is mine and hope that the price rises in the future. In some cases the money you spend on a miner would have been better off used to just buy the coin instead.  If the price of a coin is going vertical it maybe better to just buy the coin. If you think the coins price will go sideways for a while the best option is probably to mine. If the price goes down the difficulty usually adjusts and you just mine more coins. If bitcoin goes to zero it doesn't matter how many you have zero is zero. It's all a gamble. If there is anything I have learned in life it is there is no reward without risk and it takes money to make money. I like mining because it feels like I'm actually doing something on a daily basis instead of sitting around waiting for the price to rise.

[kenji]

, they make money, but how much longer will they continue producing $30/day?  Newer, faster machines are being released by competitors, difficulty will continue to rise, and Bitmain somehow thinks that justifies doubling the price?  By the time the March batches deliver you could very easily be looking at a 200 day ROI on a $2600 machine (by the time you include shipping & PSU - not to mention any import taxes you may have to pay).

No one knows what will happen. These could be making $5 a day in march or $50 a day. They could be worthless before you even get them or they could be selling for $12,000 on eBay and you couldn't get your hands on one for 6 months. The question is are you a gambler?

That's the exciting part for me, because I truly do believe in crypto and it's future potential. That belief has allowed me to mine no matter what. In the unlikely event that bitcoin tanks way way way down and these things cost more in electricity than they generate in bitcoin, I'll still be mining, because I know that I'm getting bitcoin for cheap before it eventually goes back up. I love it, it's a win/win no matter what

There's a smart guy.  Short term blips mean zip...all about the long run.  

If there is anything I have learned in life it is there is no reward without risk and it takes money to make money.

You got that right. A favorite quote of mine:

"A man can never drink his fill by waiting in line for the tap."

[JohnDoe3490]

If a lot of BTC miners are taken offline in China, that would result in the difficulty going down correct? Wouldn't that mean more profit for us regular miners?

[kenji]

If a lot of BTC miners are taken offline in China, that would result in the difficulty going down correct? Wouldn't that mean more profit for us regular miners?

Assuming they wouldn't plug them back in somewhere else, in theory yes the difficulty should drop leaving more profit for everyone else. In reality the operators would probably just move them somewhere else and get back up and running there and not much would change.

[accssg]

In theory yes, the difficulty goes down.

But I think it will only last 14 days, you can reconnect quickly.
I believe that a farm moves in 1 week, bringing in parallel.

[ricknamer]

, they make money, but how much longer will they continue producing $30/day?  Newer, faster machines are being released by competitors, difficulty will continue to rise, and Bitmain somehow thinks that justifies doubling the price?  By the time the March batches deliver you could very easily be looking at a 200 day ROI on a $2600 machine (by the time you include shipping & PSU - not to mention any import taxes you may have to pay).

No one knows what will happen. These could be making $5 a day in march or $50 a day. They could be worthless before you even get them or they could be selling for $12,000 on eBay and you couldn't get your hands on one for 6 months. The question is are you a gambler?

That's the exciting part for me, because I truly do believe in crypto and it's future potential. That belief has allowed me to mine no matter what. In the unlikely event that bitcoin tanks way way way down and these things cost more in electricity than they generate in bitcoin, I'll still be mining, because I know that I'm getting bitcoin for cheap before it eventually goes back up. I love it, it's a win/win no matter what

There's a smart guy.  Short term blips mean zip...all about the long run.  

It's all a gamble. If there is anything I have learned in life it is there is no reward without risk and it takes money to make money. I like mining because it feels like I'm actually doing something on a daily basis instead of sitting around waiting for the price to rise.

I like this.

[leowonderful]

Hardware that's turned off will still likely be eventually sold and powered back on. However long it takes for those miners to come back varies, but difficulty will almost always move upwards in the long run. Even if it becomes no longer viable to mine in one country, there's no reason to let miners sit and collect dust.

[CrypotoCreanis]

Hardware that's turned off will still likely be eventually sold and powered back on. However long it takes for those miners to come back varies, but difficulty will almost always move upwards in the long run. Even if it becomes no longer viable to mine in one country, there's no reason to let miners sit and collect dust.

This is a point that I can not seem to get people to understand. They are all too concerned with ROI on the equipment cost. If you pay close enough attention to the difficulty, coin price, etc. you will be able to sell the hardware long before it is "worthless". At the point you should hopefully have also made enough mining income to take the resale proceeds and some of your earnings to upgrade to whatever is next.

[AriesIV10]

If you have S9s and want to sell them, Let me know.  I am usually needing more.

[halfmil]

John Mcafee may be a crazy ass but he is right and I believe him when he says "I never lose bets".

[mullen490]

John Mcafee may be a crazy ass but he is right and I believe him when he says "I never loose bets".

I'm pretty no one has ever loosed a bet.

[VRobb]

John Mcafee may be a crazy ass but he is right and I believe him when he says "I never loose bets".

I'm pretty no one has ever loosed a bet.

3rd time's the charm:
I'm pretty sure no one has ever loosed a bet.   

[halfmil]

 damn auto correct.

[VRobb]

LOL 

[kenji]

S9 in stock: 13.5TH/s, March 1-10, 2320 USD  
L3+ in stock: 504MH/s, March, 1536 USD

No warning from Bitmain on twitter either. Thank god for the telegram bot that someone wrote a few weeks ago, I knew within 5 seconds!