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Author Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order  (Read 506449 times)
rifleman74
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4 s9's 2 821's


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February 05, 2018, 12:56:15 AM
 #6261

It depends on how you are mining. If you are mining and selling the coin on a day to day basis it's not good right now. You need to be mining with the assumption of what the .00135 BTC will be worth in the future or else your numbers will be screwed up. There is a real possibility that btc will be 25k-50k sometime this year. If you can mine now and sell later I think you will be good. Yes it could also go down but there is no reward without risk. I feel like a lot of people want to mine because they think it is a guaranteed way to make money and they just sell their profits daily because they don't want to take a risk.
This has been brought up many times before. It's just a fallacy.
Once you get to a point where your miner is not profitable based on today's value of bitcoin (either it's not going to ROI if you recently purchased it, and/or, it's costing you more power than what it generates), it's always better to invest your money directly into BTC if what you're banking on is BTC value to go up. That's just a fact.


So start buying bitcoin...what are you waiting for?
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halfmil
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February 05, 2018, 01:05:56 AM
 #6262

It depends on how you are mining. If you are mining and selling the coin on a day to day basis it's not good right now. You need to be mining with the assumption of what the .00135 BTC will be worth in the future or else your numbers will be screwed up. There is a real possibility that btc will be 25k-50k sometime this year. If you can mine now and sell later I think you will be good. Yes it could also go down but there is no reward without risk. I feel like a lot of people want to mine because they think it is a guaranteed way to make money and they just sell their profits daily because they don't want to take a risk.
This has been brought up many times before. It's just a fallacy.
Once you get to a point where your miner is not profitable based on today's value of bitcoin (either it's not going to ROI if you recently purchased it, and/or, it's costing you more power than what it generates), it's always better to invest your money directly into BTC if what you're banking on is BTC value to go up. That's just a fact.


So start buying bitcoin...what are you waiting for?

I'm not mining at a loss, at least as of yet. Otherwise I will.
rizla.plus
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February 05, 2018, 01:37:44 AM
 #6263

It depends on how you are mining. If you are mining and selling the coin on a day to day basis it's not good right now. You need to be mining with the assumption of what the .00135 BTC will be worth in the future or else your numbers will be screwed up. There is a real possibility that btc will be 25k-50k sometime this year. If you can mine now and sell later I think you will be good. Yes it could also go down but there is no reward without risk. I feel like a lot of people want to mine because they think it is a guaranteed way to make money and they just sell their profits daily because they don't want to take a risk.
This has been brought up many times before. It's just a fallacy.
Once you get to a point where your miner is not profitable based on today's value of bitcoin (either it's not going to ROI if you recently purchased it, and/or, it's costing you more power than what it generates), it's always better to invest your money directly into BTC if what you're banking on is BTC value to go up. That's just a fact.


So start buying bitcoin...what are you waiting for?


Why would you think I’m not?
rizla.plus
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February 05, 2018, 01:43:13 AM
 #6264

It depends on how you are mining. If you are mining and selling the coin on a day to day basis it's not good right now. You need to be mining with the assumption of what the .00135 BTC will be worth in the future or else your numbers will be screwed up. There is a real possibility that btc will be 25k-50k sometime this year. If you can mine now and sell later I think you will be good. Yes it could also go down but there is no reward without risk. I feel like a lot of people want to mine because they think it is a guaranteed way to make money and they just sell their profits daily because they don't want to take a risk.
This has been brought up many times before. It's just a fallacy.
Once you get to a point where your miner is not profitable based on today's value of bitcoin (either it's not going to ROI if you recently purchased it, and/or, it's costing you more power than what it generates), it's always better to invest your money directly into BTC if what you're banking on is BTC value to go up. That's just a fact.


Mining at a loss is different from mining at low profit. Mining is just a more passive way of investing.


That is true, and if you have a miner that has already paid for itself then you can still do this for a while. But you're probably still better off selling it now and buying BTC with the money as you probably won't be able to once it becomes unprofitable (very soon).
A recent S9 purchase though (or future purchase) is currently not predicted to ROI, thus it will be mining at a loss at current BTC value and so if you’re just doing it because you think the value of BTC will go up it is better to use the money to buy BTC now than buy a miner that makes BTC, you’ll end up with more BTC in the end.
That was the whole point of the argument.
Apprentice
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February 05, 2018, 08:39:45 AM
 #6265

S9 March batch is shipping!!
pnbamania
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February 05, 2018, 08:49:34 AM
 #6266

S9 March batch is shipping!!

My Feb Batch isn't shipped??

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Apprentice
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February 05, 2018, 08:53:09 AM
 #6267

S9 March batch is shipping!!

My Feb Batch isn't shipped??

got the notification yesterday, was surprised!
Apprentice
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February 05, 2018, 08:56:30 AM
 #6268

Is anyone able to login and check the tickets? it has been down since around 4 days!
pnbamania
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February 05, 2018, 09:21:08 AM
 #6269

S9 March batch is shipping!!

My Feb Batch isn't shipped??

got the notification yesterday, was surprised!

I have a order for shipping end of feb
One more March 11-20 I hope they get shipped too

▌▌   Anonymous and Untraceable     ›› ››   DeepOnion  ‹‹ ‹‹     TOR INTEGRATED & SECURED    ▌▌
▬▬▬▬▬▬▬▬▬     ANN  Whitepaper  FACEBOOK  Twitter  Youtube  Forum     ▬▬▬▬▬▬▬▬▬
▌▌   ••  JOIN AIRDROP 🚀  ••  |||   Download DeepOnion   |||   ✅ Verified with DeepVault    ▌▌
bl1nd
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February 05, 2018, 11:45:09 AM
 #6270

S9s will be mining at a loss around June. Roi is approaching never very quickly at current btc prices.

BUT people are still buying each batch S9 released by bitmain with almost double price..CRAZY

Electricity in my country is less than 0.005$ kw/h. Some ppl will always profit...
Sandal_Hat
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February 05, 2018, 01:49:42 PM
 #6271

S9s will be mining at a loss around June. Roi is approaching never very quickly at current btc prices.

BUT people are still buying each batch S9 released by bitmain with almost double price..CRAZY

Electricity in my country is less than 0.005$ kw/h. Some ppl will always profit...

At 0.005, there should be a limit to the amount of electricity u can use. Otherwise, your government is basically subsidizing u heavily. That means your profit is their loss.

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
jchi2210
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February 05, 2018, 02:46:26 PM
 #6272

What is the going rate for $125 Bitmain coupons? I have 12 of them that I'm willing to get rid of.

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krisgt30
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February 05, 2018, 03:20:41 PM
 #6273

What is the going rate for $125 Bitmain coupons? I have 12 of them that I'm willing to get rid of.

whats the expiration date on the coupons?

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jchi2210
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February 05, 2018, 04:19:35 PM
 #6274

What is the going rate for $125 Bitmain coupons? I have 12 of them that I'm willing to get rid of.

whats the expiration date on the coupons?

June 30th

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█▄▄▀█▄▄█▄▄██▄▄░░░░░░░█▄▄▀█▄▄░░░░     |95% of profits will go to Token Holders quarterly! The other 5% goes to a quarterly lottery!                                                                              Telegram
lossol
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February 05, 2018, 05:59:29 PM
 #6275

I have $125 coupons I can't even use on shitmains website. Checkout says I don't have any coupons even tho they are listed in my settings. I emailed them twice over a week ago and still no response. What good are coupons if you can't use them?
kenji
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February 05, 2018, 06:05:26 PM
 #6276

S9 March batch is shipping!!

My March order still says unshipped Sad
lossol
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February 05, 2018, 06:09:31 PM
 #6277

Last week ROI on an S9 purchased on shitmain's website was slightly less than a year at .10/kWh. Today, it's over 400 days which essentially means never as difficulty is still rising and bitcoin is still falling. At this rate, it won't even pay to turn on an S9. I guess all the manufacturers pushed their prices high up so they could squeeze the last bit of profit from us miners before the crash.
kenji
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February 05, 2018, 06:23:37 PM
 #6278

Last week ROI on an S9 purchased on shitmain's website was slightly less than a year at .10/kWh. Today, it's over 400 days which essentially means never as difficulty is still rising and bitcoin is still falling. At this rate, it won't even pay to turn on an S9. I guess all the manufacturers pushed their prices high up so they could squeeze the last bit of profit from us miners before the crash.

I don't know how you're running the numbers, but they're wrong. First of all the ROI of an S9 is not anywhere near as long as 400 days, even with bitcoin doing so poorly recently, so that says something right there, that it can keep being profitable even in this environment. Second of all - assuming the difficulty keeps rising and the price of bitcoin keeps falling - yes, the S9 would not make a good investment. However the truth of the matter is that you can't see the future any more or less than the rest of us. You don't know if the price of bitcoin will keep falling, or if it will rise, or what the difficulty will do, etc. If you believe in bitcoin and believe it will make a comeback (which history tells us it will), then you don't base your numbers off today, but what you expect them to be in the future, especially with something as volatile as bitcoin.
Brady135
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February 05, 2018, 07:19:31 PM
 #6279

Hello, my name is Brady and I'm working on building a GPU farm and was looking to see if I could get some help. I'm going to be making rigs that would have at max 19 GTX 1080ti's on a ASUS B250 mining board, in one unit (assuming that this would be the most cost-efficient rig to build) and was looking to see how many rigs with these specs could run off a 30 amp breaker, or if we would need to put in a higher output breaker (assuming that the power is 120votts of AC).
rifleman74
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February 05, 2018, 07:29:45 PM
 #6280

Maybe Bitmain knew about the drop in crypto coins and wanted to sell off all of the S9's at higher prices....would be very very cheap now if they kept it pegged to BCH/BCC.
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