Avalon 8 official specs released

[SilentMining]

They raised the pallet pricing by $2,000.  Now $152,525.

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[Logan4el]

Why still so cheap? Lets make Avalon 821 price 10000$.

[QuintLeo]

The prelim specs I was given were 10TH for 1000w. I really wish that is what the final number would have been. People would have been able to run these easily on 110v at home.

 The 821 can probably be downclocked to meet or come close to those numbers.

[QuintLeo]

Wow, at $3-4K per miner, that's going to take over a year ROI, especially with the difficulty going up each month. And if BTC keeps falling, it's going to take even longer! People been snatching up miners on ebay for over $4K because BTC was skyrocketing to $20K! Well, it's dropped a lot since it hit the high. Just last month the S9 was under $1500 & the A741 was under $1K and BTC was over $8K; so people buying new miners then could still make over 200% ROI in a year even after deducting power costs. Now that's all changed with the miners doubling and tripling in price and BTC falling. So people are going to reassess whether it's still profitable to buy a miner or not. Though you'll still get that 1 in 10 who'll buy at the high end and at any price! 

That's why the companies selling the picks and shovels for digital gold are making out like bandits; just as the people who sold them to the miners back then in the 1850s gold rush.

 And jeans - that's where Levi Strauss made HIS name and initial bundle.

[dlezama]

I agree we need to stop the bitmain Monopoly. A bit disappointed with the hash rate tho. Will be looking at the dragonmont 16t

You won't be looking at it because it doesn't exist, it's a scam

[CryptoHodler30]

I agree we need to stop the bitmain Monopoly. A bit disappointed with the hash rate tho. Will be looking at the dragonmont 16t

You won't be looking at it because it doesn't exist, it's a scam

you'll be looking at vaporware

[Didley1JT]

Might as well cloud mine with these miner prices.

This is actually a great point. For the big players it won’t matter, but it could be a bit of a control on prices if distributors can’t move miners quickly enough because people are just moving to cloud mining.

[coldbitcoins]

I bought some cloud mining because there were no miners to buy.
I will buy some more miners when they become available. I still have a couple power outlets in my garage.
I'll wait for the new a8 miners to go on sale. I hope there not too over priced like the s9 miners lately.

[Bennyb1]

They raised the pallet pricing by $2,000.  Now $152,525.

Is there any chance the A821s will be under 2500 or even 3000? It looks unlikely from what people are saying about pallet prices, unless the official distributors like crypto and blokforge get them for cheaper?

[QuintLeo]

If Bitcoin collapses under $10k very soon and STAYS there for a month or more, I'd bet against the Avalon 821 being priced under $2500 at "retail pricing" when it is released.
Given the current recovery from what appears to have been a market correction, I would bet that it is unlikely to be under $3000.

 Up side - unlike the Innosilicon A4+, the distributors seem to be willing to sell singles, and NO worries about customs hassles if you're in the same country as one of them (or in the EU if there's a European distributor somewhere).

[Zyekad]

Lets compare and do some analysis of where Canaan NEEDS to be for their units to make sense:

S9 at 13.5 TH/s - current price (last batch, inflated price) - $2,725 ea.
A821 at 11 TH/s - estimated price based on 60 units, bulk pack, reseller - $2,885 ea.

S9 power consumption - daily cost (at $0.10/kWh) - $3.18
A821 power consumption - daily cost (at $0.10/kWh) - $2.88

Avg. Daily Profit from S9 - $32.50
Avg. Daily Profit from A821 - $26.23

Days to recoup investment (not counting power supply, shipping, customs, etc):

S9 - ($2725/$32.50) - 84 days - then a profit of $32.50 per day
A821 - ($2885/26.23) - 109 days - then a profit of $26.23 per day

1 year ROI:

S9 one year ROI - $11,862.50
A821 one year ROI - $9,573.95

I know things change in regards to difficulty and other factors, but if Canaan doesn't lower their price it won't make sense to purchase their product compared to the S9's, even at the current insanely inflated S9 pricing.  This is really sad, since I do believe Bitmain needs some serious competition.

Hopefully Canaan can see this and will end up pricing these similarly to their retired 741's since around the $1400 range would make sense to get these units, but at $2800+ it is ridiculously overpriced for the hash power you are getting with the amount of watts they use.

Just my 2 cents...

[rifleman74]

Lets compare and do some analysis of where Canaan NEEDS to be for their units to make sense:

S9 at 13.5 TH/s - current price (last batch, inflated price) - $2,725 ea.
A821 at 11 TH/s - estimated price based on 60 units, bulk pack, reseller - $2,885 ea.

S9 power consumption - daily cost (at $0.10/kWh) - $3.18
A821 power consumption - daily cost (at $0.10/kWh) - $2.88

Avg. Daily Profit from S9 - $32.50
Avg. Daily Profit from A821 - $26.23

Days to recoup investment (not counting power supply, shipping, customs, etc):

S9 - ($2725/$32.50) - 84 days - then a profit of $32.50 per day
A821 - ($2885/26.23) - 109 days - then a profit of $26.23 per day

1 year ROI:

S9 one year ROI - $11,862.50
A821 one year ROI - $9,573.95

I know things change in regards to difficulty and other factors, but if Canaan doesn't lower their price it won't make sense to purchase their product compared to the S9's, even at the current insanely inflated S9 pricing.  This is really sad, since I do believe Bitmain needs some serious competition.

Hopefully Canaan can see this and will end up pricing these similarly to their retired 741's since around the $1400 range would make sense to get these units, but at $2800+ it is ridiculously overpriced for the hash power you are getting with the amount of watts they use.

Just my 2 cents...

You want them to cut the supposed price in half?  Not happening.  Welcome to the real bitcoin mining era.  Buck up little camper.

[toptek]

Why still so cheap? Lets make Avalon 821 price 10000$.

Why so cheap ? why do you want it at 10 K so you can shut out everyone else ? ....Greed sigh .....

[tetradrachm]

Any idea if they'll use the same PSUs as the 741s? More specifically the EVGA Supernova 1300/1600 G2? I notice it's 8X6pin versus the 6X6pin the 741s used. Im assuming it can because the S9 can use the EVGAs with 9X6 pins.

[fanatic26]

Any idea if they'll use the same PSUs as the 741s? More specifically the EVGA Supernova 1300/1600 G2? I notice it's 8X6pin versus the 6X6pin the 741s used. Im assuming it can because the S9 can use the EVGAs with 9X6 pins.

If you are using ATX power supplies you are so doing it wrong. People should know better by now.

[tetradrachm]

Any idea if they'll use the same PSUs as the 741s? More specifically the EVGA Supernova 1300/1600 G2? I notice it's 8X6pin versus the 6X6pin the 741s used. Im assuming it can because the S9 can use the EVGAs with 9X6 pins.

If you are using ATX power supplies you are so doing it wrong. People should know better by now.

Why? I'm assuming you'd recommend using the Sorcerer instead?

[Logan4el]

I think everybody who is buying asics at this insane prices will be crying in February.

There was really huge batch in January for S9 therefore it will increase mining difficulty dramatically. Also it may come together with Bitcoin price dip.

What the point to buy this hardware now? I believe it is better to wait February and take this hardware at 1/2 price.

Of course if you expect BTC price 100000$ in February you can go with current prices.

[rifleman74]

I think everybody who is buying asics at this insane prices will be crying in February.

There was really huge batch in January for S9 therefore it will increase mining difficulty dramatically. Also it may come together with Bitcoin price dip.

What the point to buy this hardware now? I believe it is better to wait February and take this hardware at 1/2 price.

Of course if you expect BTC price 100000$ in February you can go with current prices.

Hardware price isn't dropping.   Wait until the new miners come online....will be even more expensive.

[QuintLeo]

Any idea if they'll use the same PSUs as the 741s? More specifically the EVGA Supernova 1300/1600 G2? I notice it's 8X6pin versus the 6X6pin the 741s used. Im assuming it can because the S9 can use the EVGAs with 9X6 pins.

If you are using ATX power supplies you are so doing it wrong. People should know better by now.

 Not automatically true - some like the ATX power supplies because they intend to use them for other stuff once the ASIC miner dies - or in my case I would use my EXISTING G2-1300 or X-1250 supplies because I have a couple floating around not currently being USED for anything.

 8 PCI-E connectors on 1200 watts works out to 150 watts per connector - the EVGA "dual" cables should be ok as they apparently use 16AWG wiring to the first connector, then feed the second one with 18AWG, on the power and ground leads.
 There IS a 20 AWG wire in there, but that's a sense wire that doesn't carry significant power.



 Given how many S9 units ALONE are already in use, plus the various other models from other companies AND some folks still running older units like the S7, there is no way a single Bitmain S9 batch is going to have a HUGE effect on difficulty - the last few batches have only been pushing it by around 10%, and the "20% jump" before that was partly folks bouncing around into and out of BCH not just the new S9 batch.

[dlezama]

I think everybody who is buying asics at this insane prices will be crying in February.

There was really huge batch in January for S9 therefore it will increase mining difficulty dramatically. Also it may come together with Bitcoin price dip.

What the point to buy this hardware now? I believe it is better to wait February and take this hardware at 1/2 price.

Of course if you expect BTC price 100000$ in February you can go with current prices.

Hardware price isn't dropping.   Wait until the new miners come online....will be even more expensive.

Of course it will drop, as soon as profitability goes down hardware prices will go with it. Or as soon as supply of miners goes up (what will bring profits down too). One way or another people that paid $5000 for an S9 will suffer. This is all part of a cycle, nothing moves in a single direction for too long.