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

[Xircom]

Jumped on the wagon and bought my 5 x S9.
Rolling the dice big time.

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[edonkey]

I'll let Batch #1 pass by and wait for Batch #2 with a price correction and get me two of these machines at halving point for 50% of the Price now 

You are dreaming too many.

Bitmain do not make with the S9 same mistake that with the  S7

He had just sold off S7 because there was already S9 and waited on the available shelves .

At present, better miners (as S9 blades) from Bitmain  are not coming in 6 months.

She has time for them to be sold at the prize of what he wants to ask  (Selling one  miner, or 5 per account.)

The limited supply of miners per account  had a good sales strategy. Efficient  to me, I bought ten

Bitmain is now the king of the home miner market.

Batch 2 might not be that much less than batch 1, but all mining hardware trends down in price for successive batches.

This time though the halving will provide downward price pressure. Also if BW ever ships anything comparable, the there would be some competition for Bitmain at last.

Anyway, like it or not b1 buyers paid a premium to be the first. The price will go down, that's a certainty. The question is how fast and how far it will go.

[Real-Duke]

Anyway, like it or not b1 buyers paid a premium to be the first. The price will go down, that's a certainty. The question is how fast and how far it will go.

The buyers of the first batches pay the premium discount for the last batches. Why should it be different for this miner?

[VirosaGITS]

Pretty similar, yet still worse. You will literally hit the halving just as you start mining with these. Then the diff will skyrocket and make it even more pointless.

Why should  diff  rise after the halving ?
I think that many of the miners turned off,  if the BTC  price stays the same or decreases.

Bitmain mining with  this (S9 blades) type miners already long ago.  
Patch1 sales not affect difficulty very much. This is a small amount of very expensive and highly effective miners for home users.

What is important ,  what happens to with the all old miners. Turned off or still mining .
I think it turned out the majority of S3 and S5 and very cheaply sold a lot S7 in the whole world.

Do Bitmain will sell S7 upgrade KIT? This is the big question.
S9 Dimensions: 350mm(L)*135mm(W)*158mm(H)
S7 Dimensions: 301mm(L)*123mm(W)*155mm(H)
As shown, the S9 is longer

So I think , no upgrade KIT for S7

Because China and Data Centers/BTC mines that hold most of the hashrate don't care. They already have 0.01-0.025$/kWh.

Because Bitfury has stuff too. Because Bitmain is going to pump tons of these. The hashrate will probably drop a little at first and then its going to spike as 0.06-0.1J/GH get rolled in in masses.

Because in the best case scenario, the S9 will still ROI in 1 year, which is absurdly long.

[s1gs3gv]

I'll let Batch #1 pass by and wait for Batch #2 with a price correction and get me two of these machines at halving point for 50% of the Price now 

good move

[Biodom]

The situation is quite similar to that we experienced september 2015  when S7 arrived, (halving perspective excluded).

I 'm curious to know if a lot of people who pay their electricity >= $ 0.1 / KWh won something with their S7 ?

Yes. I bought many of my S7 with USD .  With VAT 2100-2300 USD

I sold BTC at 475 EURO last month. Do Batch1/3/5 machine earned a profit of 4.5 BTC after electricity ?  Yes.

I just don't see how it could have happened. Did you use nice hash or rent them out? Overclock? No down time? Good pool?
I had seven machines (B1,2,2,4,5,6,7) running almost nonstop from the time I got them, apart from shipping to hosting, also maybe lost 3-4 days due to bad weather, etc.
My calculations show that I am still about 5 btc short if counting in btc and roughly breakeven in $$ if you add electricity cost and PSUs (and not forget shipping), which is similar at my place and hosting-about 9c. Overall, if i sell now the only profit would be whatever price I will get in a sale of these machines.
So, maybe some small profit will be possible in $$ in the end, mostly due to BTC going from the 300s (average) to 535 (now).
Therefore, no, NO btc profit whatsoever, maybe breakeven in btc if i wait until halving and let them produce a bit more.
As a result, i am not buying S9.
If I have to rely on btc rising, I can just buy btc instead and hold.
After halving-we shall see.

[bitcoinbarron]

Personally I am eyeing up what all those extra ports are for on the controller,

Looks like some kind of 140th monster! 

I want it in and around my face! only if its rack mount tho...

[hawkfish007]

Was going to order one, but S9 is sold out 

[Biodom]

Was going to order one, but S9 is sold out  

They are just teasing you and everyone else, creating a sense of scarcity, which, as we all know, does not really exist.
Will be back in a few. Maybe B2 with 187 or 191 chips instead of 189,  

[Subw]

Don't worry they had already announced second batch

[fr4nkthetank]

Was going to order one, but S9 is sold out  

They are just teasing you and everyone else, creating a sense of scarcity, which, as we all know, does not really exist.
Will be back in a few. Maybe B2 with 187 or 191 chips instead of 189,  

Yes quick, before there are none left !  We all know thats ridiculous.  I feel the diff of btc will rise over the summer and in the fall it will be quite dramatic as all the new gear comes online - I think we'll get a huge btc price bubble in the fall again (it is time imo).  I also feel price will not come down much, but there will be coupons.  always the coupons.  I feel many things

[adaseb]

That's what Steve Jobs did with the iPhone.

Made short supply so it would get sold out and it ended up creating huge demand.

[Tupsu]

I just don't see how it could have happened. Did you use nice hash or rent them out? Overclock? No down time? Good pool?
I had seven machines (B1,2,2,4,5,6,7) running almost nonstop from the time I got them, apart from shipping to hosting, also maybe lost 3-4 days due to bad weather, etc.
My calculations show that I am still about 5 btc short if counting in btc and roughly breakeven in $$ if you add electricity cost and PSUs (and not forget shipping), which is similar at my place and hosting-about 9c. Overall, if i sell now the only profit would be whatever price I will get in a sale of these machines.
So, maybe some small profit will be possible in $$ in the end, mostly due to BTC going from the 300s (average) to 535 (now).
Therefore, no, NO btc profit whatsoever, maybe breakeven in btc if i wait until halving and let them produce a bit more.
As a result, i am not buying S9.
If I have to rely on btc rising, I can just buy btc instead and hold.
After halving-we shall see.

I had 43 x S7  have left of less than 30

Most of the time I used Nicehach and Antpool.  Antpool luck for last 3 monthts is 103.00% , total 101.00%
No down time at all , may be a total of 5 hours.

I do not consider the price of the PSU , I almost never sell PSU-s with old miner.
Postage and VAT is calculated on the price of the miner.
I paid first for  electricity from my  savings and I kept BTC

I sold BTC only at the end of last month. Previous sales were at 420 euro In January this year.

I bought 10 x S9
9750 EURO + 19.862 BTC
Add VAT about 4000 euro  and I still hope  to come to profit.

[takagari]

That's a hell of a gamble
With the current used prices of the S7, I can't see buying the S9, power is only at 6 cents for me..

Had they come in closer to 1600 I'd of bought out my 5.

[Searing]

That's a hell of a gamble
With the current used prices of the S7, I can't see buying the S9, power is only at 6 cents for me..

Had they come in closer to 1600 I'd of bought out my 5.

What did someone quote here you can get 3 s7's for about 400 bucks plus less then the S9....

my issue is the 90 day warranty...I'd probably do the 3 before the 1 ..because if that S9 bricks out after 90 days you'd be out the works

(this is outside the question on if it was worth getting or not..just another side angle to consider)

[Puffy23]

I'm curious how some people are getting a 7-8 month roi when they run the numbers. My assumption is that they are completely ignoring network growth? Possibly using calculators that use present day difficulty and 25btc block reward.

If you look at the 2 month, 6 month, and 12 month average for growth per adjustment interval it's clear that we should anticipate ~6%.  To assume 0 or negative (I saw some assuming -30%!) is completely baseless and not supported by any empirical network trends.

This is really the only tough variable. Running the math with 6% growth returns an roi period of more than a year... With free electricity and a free PSU (quite a few of us likely have a PSU we could use so that part isn't too much of a stretch).

Add even the most stellar electric rate of $0.035 (3.5C) /kWh and roi is mathematically impossible. After about 500 days you are still in the hole for about 1btc and never hit 0.  Now I assume some people will count the resale of the hardware. That's fair, what would you expect to get after 1 year? After 500 days??

So I went back and adjusted the growth to 4%. Not likely, but certainly a high enough probability that you might want to take the gamble.  At 3.5C/kWh you're still looking at 10 months to roi. I guess the unit would still have enough value at 10 months for resale... If the devaluation of the S7 is any indication maybe 0.5btc.

Now there is a bit of reality to contend with. Shipping isn't free and you'll likely have to pay either customs fee or VAT depending on location. If those 2 don't eat up your 0.5btc profit the power supply certainly will.

Basically if the stars align you get your money back over a year later. If even one variable doesn't work in your favor you lose your shirt on the deal. And don't start with the value of BTC rising after the half. If we are considering BTC increases I would simply purchase BTC and hold onto it. No need to pollute my environment with all the heat and noise at that point.

So that begs the question, who is this marketed for?

[vortexz]

So that begs the question, who is this marketed for?

For the loosers !!!

[Sierra8561]

So that begs the question, who is this marketed for?

For the loosers !!!

What's a looser?

[scyth3]

So that begs the question, who is this marketed for?

For the loosers !!!

What's a looser?

They only listed the S9 on their English site, so probably stupid Westerners.

[QuintLeo]

Nah, game not over for Bitfury - their announced efficiency for their chip is competative.

 On the other hand, they DID take too long getting to market, so they're going to HAVE to compete when they do finally get something out there. No "first to market" bonus gouging pricing for THEM!


 Bitmain I figure will drop the price quite a bit once someone actually DOES release a competative product - I can and WILL wait, $2100 is too much IMO even with the hashrate and efficiency.


 If you assume 3% or so hashrate growth, I suspect you can get that 7-8 month ROI - the halfing is likely to KILL a bunch of older miners due to massive unprofitability even at VERY VERY cheap electric rates, and so will likely see a substantial dip for a while - the S7/A6/BEleven units should stay profitable if your electric is cheap enough, but SP20/S5 generation forget it unless you have FREE electric I'd bet.


 I'd NOT assume network hashrate growth in July.