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

[adaseb]

So how will this affect the second hand market for the Antminer S7? Avalon 6 ?

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[fr4nkthetank]

well...there goes the difficulty  At least we know for sure the reason for the recent spikes....  The good thing is that this is a major improvement over the s7.  I'll probably buy (maybe) AFTER the halving....my guess is price will be down by then to something reasonable, and the diff curve should be flat...er

[dogie]

So how will this affect the second hand market for the Antminer S7? Avalon 6 ?

As always, those miners will head to homes where electricity prices are lower, giving those buyers the best return for their $ invested.

[goxed]

~2.5X efficiency in the same S7 form-factor. This is clearly a winner in terms of efficiency. Bitfury 16nm is still vaporware  

[not.you]

I would have been much better off just buying BTC.

Has this mantra really changed since the S7's though ? I thought the S5's were the last (barely) profitable offerings for home miners.

S5's were much more than barely profitable for me.  I got almost 200% profit.  In fact before the S7's I made profit on every model of antminer I bought.  With the huge price drops on S7's after a couple months (and even more so with the rise in BTC\USD) I have been in the position of needing more to break even then I can even sell them for.  Looks like the S7's are the first money loser since BFL for me.

With the price on these S9's and the halving coming up very soon, looks like a repeat.  But even worse it looks like it really puts the nail in the coffin on the S7 ROI.  Some people will still buy these at this price and bitmain will start mining with them no matter what so diff is going up a lot very soon.  

[adaseb]

I would have been much better off just buying BTC.

Has this mantra really changed since the S7's though ? I thought the S5's were the last (barely) profitable offerings for home miners.

S5's were much more than barely profitable for me.  I got almost 200% profit.  In fact before the S7's I made profit on every model of antminer I bought.  With the huge price drops on S7's after a couple months (and even more so with the rise in BTC\USD) I have been in the position of needing more to break even then I can even sell them for.  Looks like the S7's are the first money loser since BFL for me.

With the price on these S9's and the halving coming up very soon, looks like a repeat.  But even worse it looks like it really puts the nail in the coffin on the S7 ROI.  Some people will still buy these at this price and bitmain will start mining with them no matter what so diff is going up a lot very soon.  

Yeah I did an analysis of the 2015 miners and the most profitable (if free electricity) were the Avalon 4.1, SP20, and Antminer S5 in that order.
The S5 was Bitmains most profitable miner ever released.

https://bitcointalk.org/index.php?topic=1477198.0


Probably the S9 won't ROI 300% in a year and a half like those miners.

[newguy05]

I would have been much better off just buying BTC.

That's the truth.

[HerbPean]

I also still have a negative feeling about my 2 S7 Batch 1 I bought back in time.

Since the ROI looks like to be in the same boat.

Going to pass on that for now, until halving then I will reconsider.

[notlist3d]

Well done that is a heck of a increase in efficiency.   I also really like that it looks like SD slot on it.  Will it run on SD like S4/C1's did? Or is it just for recovery?

Can't wait to see these hitting the streets.

[GMPoison]

I also still have a negative feeling about my 2 S7 Batch 1 I bought back in time.

Since the ROI looks like to be in the same boat.

Going to pass on that for now, until halving then I will reconsider.

Definitely. I literally cannot wait for the halving. A month or so after as the dust settles will decide the fate of a lot of miners. I'm praying the price rises like it should to keep mining profitable. Because if mining doesn't die with the halving, this S9 is going to make people a LOT of money.

[Biodom]

They might be well advised to release the Lite version sooner than later (with or without 1000W PSU on top)
That could be a 6.7 Th machine for $700 or so
It would make sense (at least structurally, not sure price wise).

[GMPoison]

They might be well advised to release the Lite version sooner than later (with or without 1000W PSU on top)
That could be a 6.7 Th machine for $700 or so
It would make sense (at least structurally, not sure price wise).

I'm sure in the following months the price will come down drastically. I'm so hyped for the halving, so long as the price rises along with the difficulty, miners are still good to go. This thing is CRAZY efficient. I'm just dying to know what will happen a month from now.

[Swimmer63]

We will need to see a btc price above $800 to really have this make any kind of sense.  Here is hoping the happens.

[Flippout]

I know that Bitmain's pricing history would make you think a price drop is right around the corner, but why would they do something like that when there is no REAL competitors at the moment?

Their pricing model has been to lower prices to keep competitive with other manufacturers.
They dropped the price of the S7 when Bitfurry looked like something that would encroach on their market share.
As it stands there is no one close to having a market ready product. On top of that, what real gains do you expect from the next line of miners? 14nm?? 10nm?? In my option that is still way off.

Bottom line is, I wouldn't expect a price drop this time around until something forces Bitmain's hand.
It's just business.

[GenTarkin]

So, really the S9 is a 7TH miner.... considering the halving =)

Well, at least diff will stay the same or continue to go higher now, due to this shitty release.

[Sierra8561]

I know that Bitmain's pricing history would make you think a price drop is right around the corner, but why would they do something like that when there is no REAL competitors at the moment?

Their pricing model has been to lower prices to keep competitive with other manufacturers.
They dropped the price of the S7 when Bitfurry looked like something that would encroach on their market share.
As it stands there is no one close to having a market ready product. On top of that, what real gains do you expect from the next line of miners? 14nm?? 10nm?? In my option that is still way off.

Bottom line is, I wouldn't expect a price drop this time around until something forces Bitmain's hand.
It's just business.

BW has announced a June release for a 14NM miner. So competition is coming.

[GMPoison]

We will need to see a btc price above $800 to really have this make any kind of sense.  Here is hoping the happens.

I see no reason it shouldn't. It's already begun rising from a very steady price, the halving is only a month away! We'll have to wait for the halving to see though. I've got good feeling

[GenTarkin]

We will need to see a btc price above $800 to really have this make any kind of sense.  Here is hoping the happens.

I see no reason it shouldn't. It's already begun rising from a very steady price, the halving is only a month away! We'll have to wait for the halving to see though. I've got good feeling

BTC price is not gonna go anywhere because of the halving. BTC halving price adjustment already took place last year when the price doubled from 225ish to the 400+ we've been healthily sitting at since this year.

[klondike_bar]

Not sure what they have in mind for the controller board? It's populated for 4 Hash Boards and 2 Fans but has provision for 20 Hash Boards and 10 Fans...

Each of the 3 Hash boards has 63 chips arranged as 21 nodes of 3 chips, and looks to be the same design as the 135 chip S7 with a Buck Converter feeding the string. If the voltage fed to the string was the same as the S7 at 10.5V this would give a core voltage of 0.5V / Chip.


Rich

It doesnt real create any extra time or cost to simply make the markings and a few vias in case of future designs. Even the S7 ad enough spots for 6 boards but noting became of it.

But I'd love to see at least 10 of these boards in a single ~50TH unit. Might not happen for a few months until the S9 price falls under ~$1500

[klondike_bar]

based on my assumptions of difficulty movement (primarly a ~30% drop within a few weeks of halving), seems like with free power ROI takes 5-6months.  With 0.07/kwh its closer to 10-12 months.

I can have one hosted at $0.06/kwh (+15% tax), and am likely to pull the trigger if it falls to 3.5BTC via BTCUSD price swings. At 3.9BTC, its a gamble - it would probably break even but after a full ~16month lifespan ROI would probably be 10-20% at most