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Author Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order  (Read 530804 times)
philipma1957
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June 05, 2016, 03:29:28 PM
 #241

14Th/s sounds like a nice big number. I threw it into a mining calculator and even with free electricity and the halving reward put in it would take 200+ days. But that is with a fixed a difficulty.

I feel sorry for the folks that will end up buying one of these at the price they're currently at.

I'm hoping, either, higher hashing power machines come out, or they are made and sold cheaper.

14TH at 1375 watts? At fixed difficulty that will take 110 days... By the way all the s9's are already sold LOL. The miner is 2.5 times more efficient in terms of power to GH as the s7

You are aware that the BTC mining reward is cut in half starting July 10 right? After July 10 the S9 will perform like a 7TH/s machine does today.

If you can't math you should at least work on identifying quality calculators. And folks, never trust someone who 'LOLs' on the forums.

is it happening on july 10?  not a little bit later?

this clock is july 11

http://bitcoinblockhalf.com/


So if bitmaintech  ships on time and you get the s-9 on the 14th of june you get  27 days before the 1/2ing

So you can earn about 500 usd  in those 27days  if price and diff stays stable.

But 1 good price spike  and it goes up a lot.  so earning back 700 usd before the ½ ing  is possible.

after the ½ ing who knows.



A few points.

1. A single day is not going to make or break profit.  Why quibble over July 10th vs. July 11th?
     a. When S9s come online it will move up the halving date as the network will grow.  Maybe the 7th, 8th, or 9th.  Who cares, it's happening.
     b. If we really thought a day was important I'd point out that Bitmain ships on the 12th.  They START shipping on the 12th.  I don't know how many people will be mining on the 14th...

2. The insistence on evaluating ROI in fiat currency is deeply flawed.  This thing costs 3.67 BTC + shipping + customs/VAT.  It will take ~200 days to earn that same BTC back with 0% network growth and free electricity.  In the real world where we pay for electricity and the network grows that means you're looking at approximately 1 year.  Who cares what the exchange rate is?  You are giving 3.67 BTC (plus more for shipping, etc.) and receiving less than that back from your miner.  You are losing BTC.
     a. If you rely on exchange rate to ROI, you would have done better to simply hold the 3.67 BTC and sell it back when rates are favorable.
     b. An example: I made 15% ROI on my fiat currency with S7.  BTC increase by 50% in that same period.  Had I held the coin, I would have ROI'd 50% instead of 15%.  I could have made triple what I made by not mining.  Always evaluate ROI in BTC.



Never evaluate roi in btc if you live in the usa  as to do so is exactly the opposite of what usa tax laws say to do.

Never compare  roi on gear to roi on buy and hold.  if you live in the usa as they are completely different under usa tax laws.

It is difficult  to have clear cut discussion on the net for a long list of reasons.  Plus we are an international multi language forum.


Please Ignore all of the above if you are not USA based. Since it does not apply to your country laws.  Just as VAT has zero meaning to me as I am USA based.



As for when the ½ ing comes you are correct in that July 7 to July 14 won't make roi much of a difference.
Buying s-9s' work for me  not buying 20 buying 6 or less makes good money sense for me.

I have enough power for six units. I can run them with zero power Risk for years.

My risk is diff and coin price.  I have no cost for psu's and I have older gear to sell off. If I sell all the s-7's the s-5 the sp20's and the avalon6's
My cost for the s-9 drops.

But if you are GB based with no gear  you have VAT to add in  and the gear is no longer 2100 it is more like 2600 or more. Plus you will need psus'.

Right now I have the two on order.  And I am mining with the older gear.

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June 05, 2016, 04:14:53 PM
 #242

14Th/s sounds like a nice big number. I threw it into a mining calculator and even with free electricity and the halving reward put in it would take 200+ days. But that is with a fixed a difficulty.

I feel sorry for the folks that will end up buying one of these at the price they're currently at.

I'm hoping, either, higher hashing power machines come out, or they are made and sold cheaper.

14TH at 1375 watts? At fixed difficulty that will take 110 days... By the way all the s9's are already sold LOL. The miner is 2.5 times more efficient in terms of power to GH as the s7

You are aware that the BTC mining reward is cut in half starting July 10 right? After July 10 the S9 will perform like a 7TH/s machine does today.

If you can't math you should at least work on identifying quality calculators. And folks, never trust someone who 'LOLs' on the forums.

is it happening on july 10?  not a little bit later?

this clock is july 11

http://bitcoinblockhalf.com/


So if bitmaintech  ships on time and you get the s-9 on the 14th of june you get  27 days before the 1/2ing

So you can earn about 500 usd  in those 27days  if price and diff stays stable.

But 1 good price spike  and it goes up a lot.  so earning back 700 usd before the ½ ing  is possible.

after the ½ ing who knows.



A few points.

1. A single day is not going to make or break profit.  Why quibble over July 10th vs. July 11th?
     a. When S9s come online it will move up the halving date as the network will grow.  Maybe the 7th, 8th, or 9th.  Who cares, it's happening.
     b. If we really thought a day was important I'd point out that Bitmain ships on the 12th.  They START shipping on the 12th.  I don't know how many people will be mining on the 14th...

2. The insistence on evaluating ROI in fiat currency is deeply flawed.  This thing costs 3.67 BTC + shipping + customs/VAT.  It will take ~200 days to earn that same BTC back with 0% network growth and free electricity.  In the real world where we pay for electricity and the network grows that means you're looking at approximately 1 year.  Who cares what the exchange rate is?  You are giving 3.67 BTC (plus more for shipping, etc.) and receiving less than that back from your miner.  You are losing BTC.
     a. If you rely on exchange rate to ROI, you would have done better to simply hold the 3.67 BTC and sell it back when rates are favorable.
     b. An example: I made 15% ROI on my fiat currency with S7.  BTC increase by 50% in that same period.  Had I held the coin, I would have ROI'd 50% instead of 15%.  I could have made triple what I made by not mining.  Always evaluate ROI in BTC.



Never evaluate roi in btc if you live in the usa  as to do so is exactly the opposite of what usa tax laws say to do.

Never compare  roi on gear to roi on buy and hold.  if you live in the usa as they are completely different under usa tax laws.

It is difficult  to have clear cut discussion on the net for a long list of reasons.  Plus we are an international multi language forum.


Please Ignore all of the above if you are not USA based. Since it does not apply to your country laws.  Just as VAT has zero meaning to me as I am USA based.



As for when the ½ ing comes you are correct in that July 7 to July 14 won't make roi much of a difference.
Buying s-9s' work for me  not buying 20 buying 6 or less makes good money sense for me.

I have enough power for six units. I can run them with zero power Risk for years.

My risk is diff and coin price.  I have no cost for psu's and I have older gear to sell off. If I sell all the s-7's the s-5 the sp20's and the avalon6's
My cost for the s-9 drops.

But if you are GB based with no gear  you have VAT to add in  and the gear is no longer 2100 it is more like 2600 or more. Plus you will need psus'.

Right now I have the two on order.  And I am mining with the older gear.

Right on philipma1957, I don't know why everyone insists calculating ROI in BTC. I buy BTC with fiat when ordering not from my stash of few BTCs I have, I record revenues in fiat because that's how IRS wants me to report earnings. So there is no reason or benefit calculating ROI in BTC for me.

Paid about the same for my B1 S7s ($1900 with shipping back in August of last year). They didn't make 8-9 BTCs I paid for them but in fiat terms they made over $1900 each. I still have them and can sell them for some $$$ here or on eBay. I would still have those beefy server PSUs for next generation of miners even if I liquidate my S7s. Now, if I had to pay VAT, buy PSUs and add $500 to my purchase price doing so my situation would have been little different.

For quality risers, splitters or 133 CFM fans, please visit my eBay listings,
http://www.ebay.com/sch/hawkfish007/m.html?_ipg=50&_sop=12&_rdc=1
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June 05, 2016, 04:33:44 PM
 #243



Right on philipma1957, I don't know why everyone insists calculating ROI in BTC. I buy BTC with fiat when ordering not from my stash of few BTCs I have, I record revenues in fiat because that's how IRS wants me to report earnings. So there is no reason or benefit calculating ROI in BTC for me.

Paid about the same for my B1 S7s ($1900 with shipping back in August of last year). They didn't make 8-9 BTCs I paid for them but in fiat terms they made over $1900 each. I still have them and can sell them for some $$$ here or on eBay. I would still have those beefy server PSUs for next generation of miners even if I liquidate my S7s. Now, if I had to pay VAT, buy PSUs and add $500 to my purchase price doing so my situation would have been little different.

Right, but how did you calculate? did you make $1800-1900 based on btc price "when you mined them and sold them for $$" or just multiplying current price on the number of btc you got over time?

Revenue $$ is btc priceXnumber at the time you mined them, NOT at the "right now" price. If you held an asset, then sold it, it is a different beast-capital gains.

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June 05, 2016, 04:46:06 PM
 #244



Right on philipma1957, I don't know why everyone insists calculating ROI in BTC. I buy BTC with fiat when ordering not from my stash of few BTCs I have, I record revenues in fiat because that's how IRS wants me to report earnings. So there is no reason or benefit calculating ROI in BTC for me.

Paid about the same for my B1 S7s ($1900 with shipping back in August of last year). They didn't make 8-9 BTCs I paid for them but in fiat terms they made over $1900 each. I still have them and can sell them for some $$$ here or on eBay. I would still have those beefy server PSUs for next generation of miners even if I liquidate my S7s. Now, if I had to pay VAT, buy PSUs and add $500 to my purchase price doing so my situation would have been little different.

Right, but how did you calculate? did you make $1800-1900 based on btc price "when you mined them and sold them for $$" or just multiplying current price on the number of btc you got over time?

Revenue $$ is btc priceXnumber at the time you mined them, NOT at the "right now" price. If you held an asset, then sold it, it is a different beast-capital gains.



I tried calculating it per miner but after a while it got tiresome to keep track of 20 S7s at two different collocation centers, and other Scrypt miners I had (no longer own Titans). So, it is basically x number of BTCs I received X BTC value, which looks to be quite good compared to my initial investment. Of course, I spent a significant amount of it to build my 400 MH/s ETH rigs.

For quality risers, splitters or 133 CFM fans, please visit my eBay listings,
http://www.ebay.com/sch/hawkfish007/m.html?_ipg=50&_sop=12&_rdc=1
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June 05, 2016, 04:51:12 PM
 #245

to build my 400 MH/s ETH rigs.

Nice...I am limited to 240 (before Polaris) due to freakishly hot summers here, but I digress.
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June 05, 2016, 05:06:30 PM
 #246

to build my 400 MH/s ETH rigs.

Nice...I am limited to 240 (before Polaris) due to freakishly hot summers here, but I digress.


It's getting hot here too, I will have to do massive downclocking in a few weeks. Looking forward to Polaris. Too bad I won't be able to play with my S9, it's going directly to sidehack.

For quality risers, splitters or 133 CFM fans, please visit my eBay listings,
http://www.ebay.com/sch/hawkfish007/m.html?_ipg=50&_sop=12&_rdc=1
philipma1957
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June 05, 2016, 05:10:31 PM
 #247

to build my 400 MH/s ETH rigs.

Nice...I am limited to 240 (before Polaris) due to freakishly hot summers here, but I digress.


It's getting hot here too, I will have to do massive downclocking in a few weeks. Looking forward to Polaris. Too bad I won't be able to play with my S9, it's going directly to sidehack.

I sold off some of my r9's  and now I am mostly r9 nano's

I now have more then enough btc for a third s-9.  I may wait and hold the coin instead.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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.. PLAY NOW ..
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June 05, 2016, 05:33:58 PM
 #248

Comment about Antpool restriction:

Well, now we know what Bitmain thinks about decentralization..  Roll Eyes
I ain't buying this until the software is fixed and done with respect to the cgminer's open-source license.

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June 05, 2016, 05:37:55 PM
 #249

Can someone opine whether two S9 would be able to run on one 2880w PSU?
Thanks
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June 05, 2016, 05:46:45 PM
 #250

Can someone opine whether two S9 would be able to run on one 2880w PSU?
Thanks

It's been done with S7s. - not that I would recommend it. seems like S9 might sip a bit more too, but with smaller declared variance.

OregonMines is expanding. Are you expanding with us?
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June 05, 2016, 05:47:56 PM
 #251

Can someone opine whether two S9 would be able to run on one 2880w PSU?
Thanks

It should, total DC consumption would be 2750 watts which is less than DC rating of IBM PSU. If I am off, I would like to know also since my S9 is going to share the PSU with another S7.

For quality risers, splitters or 133 CFM fans, please visit my eBay listings,
http://www.ebay.com/sch/hawkfish007/m.html?_ipg=50&_sop=12&_rdc=1
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June 05, 2016, 05:50:58 PM
 #252

Can someone opine whether two S9 would be able to run on one 2880w PSU?
Thanks

no  unless you downclock to 13th.


but this is a complete and absolute guess.

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June 05, 2016, 07:29:20 PM
 #253

As was noted by one of the cgminer devs earlier in this thread, Bitmain has repeatedly failed (or at best, delayed) to release the code for the cgminer implementations on their miners. One of the license requirements for cgminer, given that it's open-source software, is code must be publicly released (to continue its open-source nature) especially for any implementations used in for-profit commercial applications. S9 already exist on the network; they might not be in the hands of us peasants yet but they're already mining and generating returns for someone.

When has China ever given a shit about IP laws ? Why expect them to start with Bitcoin ?

So why do we continue to do business with them?

Cool, quiet and up to 1TH pod miner, on sale now!
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June 05, 2016, 07:40:56 PM
 #254

As was noted by one of the cgminer devs earlier in this thread, Bitmain has repeatedly failed (or at best, delayed) to release the code for the cgminer implementations on their miners. One of the license requirements for cgminer, given that it's open-source software, is code must be publicly released (to continue its open-source nature) especially for any implementations used in for-profit commercial applications. S9 already exist on the network; they might not be in the hands of us peasants yet but they're already mining and generating returns for someone.

When has China ever given a shit about IP laws ? Why expect them to start with Bitcoin ?

So why do we continue to do business with them?

In one equation: (Th/W)/BTC

The question is more why is the "the west" unable to produce a single miners manufacturer? I have some ideas but it's not the appropriate sub. I hope that Bitmain will correct this issue on this CGminer and realize that as a company they represent a large part of the value of Bitcoin. By this I mean that they must be great... And if they start to be greedy, the market will speak... Yes most companies that they have beaten have gone extinct, their owners may have make money or not, but in 10 years what will it be worth?

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June 05, 2016, 07:43:35 PM
 #255

in theory, yes, but you may not want to max out the PSU.  Bad PSU or damaged PSU or degraded PSU can cause damages to S7 or S9.  Saving can be smaller than what you may lose if something goes wrong.

we will upload the Kill-A-Watt photo tonight or in the morning.

and Pool wise, it does hash in Kano.is pool.  I'll try to take the screenshot of that in the late morning.



Can someone opine whether two S9 would be able to run on one 2880w PSU?
Thanks

It should, total DC consumption would be 2750 watts which is less than DC rating of IBM PSU. If I am off, I would like to know also since my S9 is going to share the PSU with another S7.

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June 05, 2016, 07:56:39 PM
Last edit: June 05, 2016, 08:10:29 PM by Masha Sha
 #256

Thx for the reply. Just to tell you, I think Bitmain is one the greatest company of China, the S5 proved it, again with the S7 and even more with the S9.

Bitmain: simply building the greatest miner on Earth, I hope for long.

For me bitmain is in the same situation as Intel a while back... You can only compete with yourself... The other aren't yet able to do it. But it's not a reason to let lose, or become weak.

Congrats again Bitmain for this S9 it's seem really great, and as always simply the best!

(Doesn't it looks like an ASIC chip? ;-)

https://upload.wikimedia.org/wikipedia/commons/7/76/Forbidden_city_map_wp_1.png)

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June 05, 2016, 08:17:00 PM
 #257

14Th/s sounds like a nice big number. I threw it into a mining calculator and even with free electricity and the halving reward put in it would take 200+ days. But that is with a fixed a difficulty.

I feel sorry for the folks that will end up buying one of these at the price they're currently at.

I'm hoping, either, higher hashing power machines come out, or they are made and sold cheaper.

14TH at 1375 watts? At fixed difficulty that will take 110 days... By the way all the s9's are already sold LOL. The miner is 2.5 times more efficient in terms of power to GH as the s7

You are aware that the BTC mining reward is cut in half starting July 10 right? After July 10 the S9 will perform like a 7TH/s machine does today.

If you can't math you should at least work on identifying quality calculators. And folks, never trust someone who 'LOLs' on the forums.

is it happening on july 10?  not a little bit later?

this clock is july 11

http://bitcoinblockhalf.com/


So if bitmaintech  ships on time and you get the s-9 on the 14th of june you get  27 days before the 1/2ing

So you can earn about 500 usd  in those 27days  if price and diff stays stable.

But 1 good price spike  and it goes up a lot.  so earning back 700 usd before the ½ ing  is possible.

after the ½ ing who knows.



A few points.

1. A single day is not going to make or break profit.  Why quibble over July 10th vs. July 11th?
     a. When S9s come online it will move up the halving date as the network will grow.  Maybe the 7th, 8th, or 9th.  Who cares, it's happening.
     b. If we really thought a day was important I'd point out that Bitmain ships on the 12th.  They START shipping on the 12th.  I don't know how many people will be mining on the 14th...

2. The insistence on evaluating ROI in fiat currency is deeply flawed.  This thing costs 3.67 BTC + shipping + customs/VAT.  It will take ~200 days to earn that same BTC back with 0% network growth and free electricity.  In the real world where we pay for electricity and the network grows that means you're looking at approximately 1 year.  Who cares what the exchange rate is?  You are giving 3.67 BTC (plus more for shipping, etc.) and receiving less than that back from your miner.  You are losing BTC.
     a. If you rely on exchange rate to ROI, you would have done better to simply hold the 3.67 BTC and sell it back when rates are favorable.
     b. An example: I made 15% ROI on my fiat currency with S7.  BTC increase by 50% in that same period.  Had I held the coin, I would have ROI'd 50% instead of 15%.  I could have made triple what I made by not mining.  Always evaluate ROI in BTC.



Never evaluate roi in btc if you live in the usa  as to do so is exactly the opposite of what usa tax laws say to do.

Never compare  roi on gear to roi on buy and hold.  if you live in the usa as they are completely different under usa tax laws.

It is difficult  to have clear cut discussion on the net for a long list of reasons.  Plus we are an international multi language forum.


Please Ignore all of the above if you are not USA based. Since it does not apply to your country laws.  Just as VAT has zero meaning to me as I am USA based.



As for when the ½ ing comes you are correct in that July 7 to July 14 won't make roi much of a difference.
Buying s-9s' work for me  not buying 20 buying 6 or less makes good money sense for me.

I have enough power for six units. I can run them with zero power Risk for years.

My risk is diff and coin price.  I have no cost for psu's and I have older gear to sell off. If I sell all the s-7's the s-5 the sp20's and the avalon6's
My cost for the s-9 drops.

But if you are GB based with no gear  you have VAT to add in  and the gear is no longer 2100 it is more like 2600 or more. Plus you will need psus'.

Right now I have the two on order.  And I am mining with the older gear.

Right on philipma1957, I don't know why everyone insists calculating ROI in BTC. I buy BTC with fiat when ordering not from my stash of few BTCs I have, I record revenues in fiat because that's how IRS wants me to report earnings. So there is no reason or benefit calculating ROI in BTC for me.

Paid about the same for my B1 S7s ($1900 with shipping back in August of last year). They didn't make 8-9 BTCs I paid for them but in fiat terms they made over $1900 each. I still have them and can sell them for some $$$ here or on eBay. I would still have those beefy server PSUs for next generation of miners even if I liquidate my S7s. Now, if I had to pay VAT, buy PSUs and add $500 to my purchase price doing so my situation would have been little different.

The bolded bit is exactly why you calculate ROI in BTC.  Let's say you only paid 8 BTC for your S7.  That 8 BTC is worth $4,622 USD today.  So you made back your $1,900 per unit and then some; Did you make $4,622 per unit?  That answer is no, as you yourself said you didn't get your BTC back.

Calculating ROI in BTC tells you whether or not it is better to hold the coin, or mine with the coin.  Why would you give someone 3.67 BTC for a machine that returns ~2.5 BTC?  What part of that makes any sense?  Why wouldn't you just hold the 3.67 BTC?

To suggest one should not calculate ROI in BTC because the US government says not to is absolutely crazy.  I am not suggesting you fill out your tax forms in this manner, I am saying you stick to BTC while doing your private "is this worth it" calculations.  Not to mention that capital gains taxes are lower...

Again, I ask why anyone would buy a machine for more BTC than it returns.
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June 05, 2016, 09:09:37 PM
Last edit: June 05, 2016, 09:23:00 PM by sloopy
 #258

Bad marks for the issue regarding not sharing the code changes. Regardless of any other pools allowing it.
The issue originates with the violation of the cgminer license.
Bitmain, many people look to you for leadership since you have control over so much of the scene.
Use this as an opportunity of good will.
...SNIP

Thank you very much for sharing your thoughts on this matter. I strongly agree with you! But how do you know they corrupted and violated the license on CGminer if the miner hasn't been released?
...SNIP


I inserted "...SNIP" so my reply did not take up additional space for a short reply and feel I quoted the specific lines which addressed the issue and our comments. Anyone interested who missed the original comments in their entirety may go back one page.

Masha Sha I have zero reasons to doubt Kano's statement regarding this issue. This is his statement in full from page 10 of this thread:

Bitmain have hacked stratum in the S9 miner.
Adding their own special command for antpool ... who knows what they do with that extra command during authentification ...

We don't allow invalid commands during authentication e.g. to stop DDoS attempts sending rubbish to the pool when they connect.
So, yep as of now the S9 wont work on CKPool.
Any pool that allows the miner to send random rubbish during connection will allow it.

To the contrary, I have many reasons to believe Kano's statement. Without going through more than needed please take a moment to consider these points:
1. Kano is the operator of an extremely popular pool here in the US where we enjoy an active, interesting, popular thread discussing the pool and mining activity. Many discussions in this thread are both fact based and speculative which are specific to older generation, current generation, and future / next generation mining equipment. See: https://bitcointalk.org/index.php?topic=789369.0 Now while I mention US it is popular across the world and there are nodes setup across the world to support miners from all over the world and by mentioning the US in no way do I mean to infer it is not popular everywhere and enjoys a variety of input from a variety of miners who live across many continents.
     Kano and CK are the very people who write the CKpool software, CKpool database software, web front ends, and if anyone cared to dig deeper a variety of other software which is obviously developed with the exact same care, meticulous attention, and rewards from use of the aforementioned software many more are familiar with.
     Along with the ongoing development and support of these types of packages, and this is one of the more important aspects of my reply they write and provide the same level of support and attention to detail of CGminer. CGminer is the preferred mining software you will receive on most (if not all) production miners which ship today and to my knowledge are planned to ship in the immediate future. Even miners which do not ship with a built in type of control system with on board software to handle the software interface for the miner will be delivered with instructions to use CGminer in operation of the miner. A few companies have included instructions for use of a secondary package, but in my experience CGminer is always the preferred and most recommend it over anything else.

***To avoid an off-topic debate regarding miner software I am clearly stating there are alternative mining software packages available for some mining equipment, but nothing which compares to the popularity and in most cases mandatory requirement for the use of CGminer. Please do not allow my comments regarding the popularity of CGminer to distract from the topic. I am using these examples to show how popular and the massive installed user base of CGminer. It is the primary choice for most users of BTC mining equipment across the world.***
 

2. The Kano.is pool is also a pool where I personally witness a significant amount of testing done in development of Avalon miners. There is a significant amount of hashpower (at various times) where CGminer is used in this testing. In my experience any changes (possible official / unofficial) forks relative to CGminer are documented and follow the license requirements. This does not appear to be a hardship in any way, and to the opposite the work with CGminer not done by CK and Kano during development and support of the Avalon miners are clearly shared with the community in a timely manner. CGminer changes / updates to the Avalon miners work with the mainline versions and you can count on the people responsible for the Avalon Miner to include a much more recent if not the most current version of CGminer which in turn has brought many of us a more secure mining experience not to mention the other advantages which come from including this brilliant and focused programming. In my opinion the security additions and corrections is one of if not the most important reasons for the license requirements to use CGminer in a commercial environment.

2A. I have personally experienced several scenarios where I was forced to update CGminer on a piece of mining equipment in order to close / correct a huge security issue because the manufacturer either did not release firmware including this change or if there was a firmware release it not only did not include a CGminer update there was no documentation regarding what was changed / added with the firmware release. Other times a build of CGminer was included in an update but there was again, zero documentation regarding what changes were made in general, but what changes were made to the version of CGminer used in the update. When you have not only heard from many others who have experienced serious issues with the firmware update, or lack thereof, but personally experienced my miners being hijacked via an exploit which existed in a new miner I purchased where there already existed a correction in the main CGminer release.  You must certainly be able to understand where trust becomes an issue and many times these issues arise from a misconfiguration. Not something a simple UI change could correct, but a real issue corrected by a CGminer switch / option set incorrectly in a major release from the factory.

2B. The main CGminer release is not always correcting a security issue, not always correcting a CGminer bug / exploit, but many times correcting an issue caused by a different piece of software being used. In my experience CK and Kano have used their knowledge and worked with manufacturers of both hardware and software to go above and beyond what I have seen from others to provide an overall better and more secure mining experience whenever possible. I have also witnessed changes made by others to CGminer which CK / Kano have appreciably incorporated in the mainline release.

2C. Through no fault of CK / Kano it is not always an easy task for end users to update CGminer in their mining hardware. Not to mention the times where the update cannot be applied in a manner which is retained after a reboot. Many times as end users we have been forced to repeat the procedure after a reboot to simply close a security issue or misconfiguration. I use the term forced because in my opinion the alternative is unthinkable.

Masha Sha I am gaining on a final answer to your question but felt the need to lay out the previous information in support of such. For anyone who missed the original question in summary it is:
"...how do you know they corrupted and violated the license on CGminer if the miner hasn't been released?"

It is through my trust of Kano and my previous experience with Bitmain firmware releases which have left me in a position of zero doubt there exists a situation that Bitmain have "hacked stratum in the S9 miner. Adding their own special command for antpool"

I have zero doubt Kano has confirmed this through his own research and experience. Kano does not make unfounded accusations. Further it is to the detriment of Kano's pool for this to occur. There are MANY people who have posted in the Bitmain S9  announcement thread and / or the Kano CKpool thread who purchased S9 miners and are excited about adding this hashrate to the Kano.Is pool. Kano and CK have worked with Bitmain in the past. I cannot speak to any current arrangements but I do know they have both been involved in previous projects. If there is something in the stratum use of the S9 miner which causes a push for the miner to the Bitmain Antpool mining pool, not to mention changes to CGminer which have not been published who better in this entire industry, who better in this entire community would have the knowledge, contacts, and experience to recognize and confirm such?

To address the portion of your question regarding the miner having not been released: (which to expand on this point for others I will say that your point is they may change something between now and then, right?)
Through more than one generation of miner we have lived through CGminer changes / forks which have included things which some would call shady, but more to the point these items are not published.

I appreciate your question and do heed and appreciate your quote ending your post, but as my final answer I have to simply say it is through my own personal experience with Kano, CK, and Bitmain regarding CGminer which put me in the mindset where I completely believe what Kano stated to be fact, and Bitmain will not change such prior to release. I believe Kano and CK may be put in a position where they could be forced to not allow the S9 miner to mine at their pools. I do not have the details to support the statement by Kano, but I do have the prior experience and common sense to recognize a problem exists.

I most certainly have the respect for Kano and enough information to reach out to Bitmain requesting a reply to the information posted by Kano.

Again, it would be bad if the S9 is somehow pushed to Antpool and obviously Kano has experienced something which causes him concern. We do not need a miner pushing us to a specific pool and we should not be forced to use firmware from someone else (where many people would rightly charge a fee) or SSH into the unit and make changes, etc.

I think the better question is why Bitmain is severely quiet about this and cannot take a brief moment to reassure those of us who have spent hundreds to tens of thousands to hundreds of thousands to millions of dollars with them.

Transaction fees go to the pools and the pools decide to pay them to the miners. Anything else, including off-chain solutions are stealing and not the way Bitcoin was intended to function.
Make the block size set by the pool. Pool = miners and they get the choice.
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June 05, 2016, 09:14:48 PM
 #259

So why do we continue to do business with them?
The same reason the west has always done business with China in increasing volume - they're always the cheapest, always. The race to the bottom in manufacturing of everything has continued in absolutely every other market where the number of people concerned with quality over price has only ever been a small minority. In the bitcoin mining world where bottom dollar is everything, that minority is even smaller to the point of being a virtually irrelevant part of the market.

Be aware that we will almost certainly be obliged to work around this stupid random alteration in their stratum protocol in ckpool if they don't fix their software immediately and make it properly stratum compliant, otherwise we'll be shutting out the bulk of the next generation of miners sold. We're hoping not to need to do this but we're also realistic. This manufacturer has the lion's share of the only two left to choose from, being the cheapest, and we can't change that.

As I've said elsewhere, it's not malice that is making them force people to mine on antpool.  They just changed it to work best with antpool, and have no care factor for checking it works elsewhere.

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June 05, 2016, 09:14:56 PM
Last edit: June 05, 2016, 09:52:05 PM by Biodom
 #260


Again, I ask why anyone would buy a machine for more BTC than it returns.

For fun?

More seriously, i see both view points as being valid in some respect.

for example, your argument re current btc price is not 100% kosher either.
First, you typically use $$ to buy that bitcoin to buy a miner, so you start with $$, not btc.
If you started with pre-mined bitcoin, then your argument is more valid.
Second, when you buy miner, you don't know what happens with bitcoin price later on, so you cannot just buy btc and expect returns. You might very well lose money, so it is not 100% safe proposition either. However, if you bought btc, and it went down and you sold at a loss, then you can claim that loss against your capital gains or take a straight loss against your income up to $3000/year in US, so situation is complex.
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