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Apprentice
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January 16, 2018, 03:43:10 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ |
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Salpinx
Jr. Member
 Offline
Activity: 140
Merit: 1
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January 16, 2018, 03:47:36 AM |
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What was the price for this batch?
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rizla.plus
Jr. Member
Offline
Activity: 42
Merit: 1
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January 16, 2018, 03:47:56 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ That does not make sense. ROI on 6 would not be different from ROI on one. Unless I am missing something, this remains linear. |
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Scrappy Do
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January 16, 2018, 03:49:22 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ 100% If you do not have the infrastructure in place to maintain said miners. It may not be a good option. Scrap' |
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carnut
Newbie
Offline
Activity: 16
Merit: 0
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January 16, 2018, 03:49:46 AM |
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What was the price for this batch?
$2320 |
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big al
Member
Offline
Activity: 140
Merit: 10
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January 16, 2018, 03:51:59 AM |
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Well I got two. Too bad BCH took such a spill lately or it would've been 3.
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CrypotoCreanis
Member
Offline
Activity: 125
Merit: 10
Don’t do a screen name after 4 glasses of Chianti
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January 16, 2018, 03:54:44 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ That does not make sense. ROI on 6 would not be different from ROI on one. Unless I am missing something, this remains linear. Agreed |
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Salpinx
Jr. Member
Offline
Activity: 140
Merit: 1
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January 16, 2018, 03:55:56 AM |
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What was the price for this batch?
$2320 Wow, Bitmain still not dropping the price, even bitcoin dropped a lot since the last time. |
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philipma1957
Legendary
 Online
Activity: 4298
Merit: 8766
'The right to privacy matters'
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January 16, 2018, 03:59:03 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ That does not make sense. ROI on 6 would not be different from ROI on one. Unless I am missing something, this remains linear. Agreed you are missing breakage issues. 1 unit dead controller = 100% hash lost 6 units 1 dead controller = 16 ⅔ % hash lost over time you will get dead units.. so having 3 or more allows swapping stuff. having only 1 does not. at the moment I have a single board s-9 I have 2 dual board s-9 I have 3 full board s-9's I have 1 spare controller when they were selling them on bitmainwarranty. moving these around has helped when repairs were needed. |
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rizla.plus
Jr. Member
Offline
Activity: 42
Merit: 1
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January 16, 2018, 04:04:11 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ That does not make sense. ROI on 6 would not be different from ROI on one. Unless I am missing something, this remains linear. Agreed you are missing breakage issues. 1 unit dead controller = 100% hash lost 6 units 1 dead controller = 16 ⅔ % hash lost over time you will get dead units.. so having 3 or more allows swapping stuff. having only 1 does not. I'm still not getting it I think, you are buying miners to run correct? Not for spares? If you buy miners now, all that matters is over what time frame those units will pay themselves back. Whether you have other units running already and whether they can break has nothing to do with your this investment. |
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CrypotoCreanis
Member
Offline
Activity: 125
Merit: 10
Don’t do a screen name after 4 glasses of Chianti
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January 16, 2018, 04:09:37 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ That does not make sense. ROI on 6 would not be different from ROI on one. Unless I am missing something, this remains linear. Agreed you are missing breakage issues. 1 unit dead controller = 100% hash lost 6 units 1 dead controller = 16 ⅔ % hash lost over time you will get dead units.. so having 3 or more allows swapping stuff. having only 1 does not. I'm still not getting it I think, you are buying miners to run correct? Not for spares? If you buy one now, all that matters is over what time frame those units will pay themselves back. Whether you have other units running already and whether they can break has nothing to do with your this investment. If you only have 1 miner and it breaks (and they do) - then you have no mining If you have more than 1 and 1 breaks, you are still mining |
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munchies859
Jr. Member
Offline
Activity: 42
Merit: 3
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January 16, 2018, 04:12:43 AM |
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Managed to get two, one L3 and one S9. My business partner was trying at the same time, and it looked like the L3s sold out in like 5 seconds. I know the ROI for the L3 is worse now, but I wanted to be diversified incase things change, and the L3s ship in 10 days rather than 2 months. Buying ASICs these days is crazy though. Even a few months ago they didn't sell out even close to instantly. The difficulty will only rise from here, but if the China mining ban happens it should hopefully give the rest of us a reprieve at least as long as it takes to move and set up shop somewhere else.
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Apprentice
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January 16, 2018, 04:16:50 AM |
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Managed to get two, one L3 and one S9. My business partner was trying at the same time, and it looked like the L3s sold out in like 5 seconds. I know the ROI for the L3 is worse now, but I wanted to be diversified incase things change, and the L3s ship in 10 days rather than 2 months. Buying ASICs these days is crazy though. Even a few months ago they didn't sell out even close to instantly. The difficulty will only rise from here, but if the China mining ban happens it should hopefully give the rest of us a reprieve at least as long as it takes to move and set up shop somewhere else.
They are already moving.. |
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philipma1957
Legendary
Online
Activity: 4298
Merit: 8766
'The right to privacy matters'
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January 16, 2018, 04:22:57 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ That does not make sense. ROI on 6 would not be different from ROI on one. Unless I am missing something, this remains linear. Agreed you are missing breakage issues. 1 unit dead controller = 100% hash lost 6 units 1 dead controller = 16 ⅔ % hash lost over time you will get dead units.. so having 3 or more allows swapping stuff. having only 1 does not. I'm still not getting it I think, you are buying miners to run correct? Not for spares? If you buy miners now, all that matters is over what time frame those units will pay themselves back. Whether you have other units running already and whether they can break has nothing to do with your this investment. okay buy a miner and break the controller you are at zero for a really long time. maybe 60 days before you get a part. I have 2 miners I break a controller for that miner I am at 0% but for my other miner I am at 100% cost avg of 0% + 100% = 50% to carry it further I stay at 50% for 2 years because I never get the replacement part. you stay at 0% for 2 year because you never get the replacement part. that reality happens with mining gear over and over and over. why is that replacement parts and rma's are very much a fuck you blow me bitch concept for smaller miners. I have purchased 100,000 in gear from bitmain since dec 2013 that gets me a little better service. I actually can email a guy from bitmainwarranty and get an answer. Buy just 1 have it break and see how you get treated. BTW 100,000 in gear in 4+ years does not get me top notch treatment. 100,000 in gear a month does. which would be 50x what I spend. |
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rizla.plus
Jr. Member
Offline
Activity: 42
Merit: 1
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January 16, 2018, 04:27:27 AM |
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Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty. but just buying 1 miner is not reasonable unless it is for fun and you have the $ That does not make sense. ROI on 6 would not be different from ROI on one. Unless I am missing something, this remains linear. Agreed you are missing breakage issues. 1 unit dead controller = 100% hash lost 6 units 1 dead controller = 16 ⅔ % hash lost over time you will get dead units.. so having 3 or more allows swapping stuff. having only 1 does not. I'm still not getting it I think, you are buying miners to run correct? Not for spares? If you buy one now, all that matters is over what time frame those units will pay themselves back. Whether you have other units running already and whether they can break has nothing to do with your this investment. If you only have 1 miner and it breaks (and they do) - then you have no mining If you have more than 1 and 1 breaks, you are still mining So? lose 1 and you lose 13.5TH. Ignore difficulty increases for a second: Say they make you $30/day, when 1 breaks you lose $30/day regardless of having 1 or 20 running. Now if you invested $2300 in that miner you will be paying back $30/day less towards that investment. Yes you could say that with miners still running that you are still paying back the entire investment, only slower. But that means the extra time it takes is valued proportionally as it will now take longer for you to start making a profit. Lets make it easy: say you have 2 running, at the numbers above they pay back in 75 days (almost). Lets take the extreme case and say one breaks straight away, the other one now has to run 150 days to recover the total cost of the investment before you can actually start making a profit at $30/day. This is no different from ordering another unit at that point (ignoring lead time to make it easy), have it run 75 days and pay itself back, you will have lost the cost of 1 unit ($2300) on day 75 in both cases. Like I said this is linear. |
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rizla.plus
Jr. Member
Offline
Activity: 42
Merit: 1
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January 16, 2018, 04:37:51 AM |
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Buy just 1 have it break and see how you get treated.
Now that is an entirely different matter of course, this is like saying you're actually buying a different product when you buy more as the service level changes, so now you're not comparing apples with apples. |
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Par Avion
Jr. Member
Offline
Activity: 99
Merit: 4
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January 16, 2018, 04:57:06 AM |
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Current rough profitability of s9 is? (post last diff adj)
Managed to snag my second miner. First should ship any day.
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munchies859
Jr. Member
Offline
Activity: 42
Merit: 3
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January 16, 2018, 05:16:27 AM |
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Managed to get two, one L3 and one S9. My business partner was trying at the same time, and it looked like the L3s sold out in like 5 seconds. I know the ROI for the L3 is worse now, but I wanted to be diversified incase things change, and the L3s ship in 10 days rather than 2 months. Buying ASICs these days is crazy though. Even a few months ago they didn't sell out even close to instantly. The difficulty will only rise from here, but if the China mining ban happens it should hopefully give the rest of us a reprieve at least as long as it takes to move and set up shop somewhere else.
They are already moving.. Sure, but no one is expecting everyone to move at the exact same time. The Chinese government is supposedly shutting it down in an orderly manner, meaning not all at once. Still though, regardless of when they move, you can't just move a mining operation overnight. This is the same for any business moving across international borders. Unless they are moving to some place that is lawless, all the equipment they ship will need to clear customs. They also need to set up new infrastructure, which is not trivial or cheap. Then, they need to either hire new people to run everything or get work visas for themselves. They had a real good thing going in China, but if the government is serious in stopping it, they either need to spend a significant amount of money to move or close up shop. Also, if they move to Europe or North America, they will face new regulatory scrutiny that they may not be accustomed to. While these guys have plenty of money, it is still a speed bump for them that everyone else could capitalize on. |
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Druiz287
Jr. Member
Offline
Activity: 56
Merit: 8
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January 16, 2018, 09:30:36 AM |
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The only thing I’m getting from this last batch is that people are queuing with instructions to please try it later. I hope both the site and BTC rebound after that huge drop earlier. You’d think people would be more hesitant to buy miners with expected difficulty raises and the next generation hardware around the corner, but even with this recent drop in BTC/USD value it’s difficult to get another s9!
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