Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip

[ElGabo]

They had great knowledge of the hardware market, and they just hit on the right time.
They surely knew they would sell their stock immediately to the thirsty miners in no time.

At the time Bitmain was developing their 55nm chips KnC, Cointerra, Hashfast, and countless others were going to flood the market with 28nm chips promising all sorts of things.  Bitmain took a risk that their chip would even be competitive late November, early December.  Further, there is/was no guarantee that their chip would function as expected the first go-around.  

There is massive overhead and a lot of variables at play.  Near every single ASIC manufacturer has placed all of that risk on the consumer whereas Bitmain did not.  They risked their own money, not mine, not yours, not anyone elses.  Their risk was far greater than yours was in purchasing any of their hardware at any point in time.

Now, you mean we didn't fund them with their expensive S2? Aren't they a preorder? For designing what ? A 55nm?

I don't know how I'd classify the S2.  Was it a pre-order? Maybe, maybe not, but I certainly didn't buy one because I didn't like the prospect of waiting and seeing, not that didn't trust Bitmain.  In response to your other comment, the S2 orders have nothing to do with 55nm development.  That was done in November long before they sold a single machine.  What you and others did with the S2 pre-orders, if you want to call them that, was assure Bitmain that there was a market for a new product based on their old chip design.  From my knowledge they didn't sell hundreds of S2s, and they haven't kept rolling sales going.  Good on them.

And you mean that the risk of us mining, is the same as Bitmains?
You mean they risked and would not sell their equipment?

No, I mean their risk was greater than ours in terms of magnitude.  They risked millions and you risked $3,000.  As covered above, they took a risk that their money wouldn't be wasted on a failed design, and/or wasted on a design that was non-competitive in the face of the 28nm rush of all their competitors.

  

And as the "millions" you said they spent, I am sure they could afford a single person just to reply to their emails.

I'm sure they could.  From my time in Bitcoin and ASIC land what I understand is that Chinese business does not care for Western concepts.  In China the customer is not always right, and in reality they (customer) could by all accounts go eff' themselves.  The idea of hand-holding and end-user support is not something that exists in Chinese business models.

Thanks man!

(I couldn't write it down....)

+1

[tzortz]

They had great knowledge of the hardware market, and they just hit on the right time.
They surely knew they would sell their stock immediately to the thirsty miners in no time.

At the time Bitmain was developing their 55nm chips KnC, Cointerra, Hashfast, and countless others were going to flood the market with 28nm chips promising all sorts of things.  Bitmain took a risk that their chip would even be competitive late November, early December.  Further, there is/was no guarantee that their chip would function as expected the first go-around.  

There is massive overhead and a lot of variables at play.  Near every single ASIC manufacturer has placed all of that risk on the consumer whereas Bitmain did not.  They risked their own money, not mine, not yours, not anyone elses.  Their risk was far greater than yours was in purchasing any of their hardware at any point in time.

Now, you mean we didn't fund them with their expensive S2? Aren't they a preorder? For designing what ? A 55nm?

I don't know how I'd classify the S2.  Was it a pre-order? Maybe, maybe not, but I certainly didn't buy one because I didn't like the prospect of waiting and seeing, not that didn't trust Bitmain.  In response to your other comment, the S2 orders have nothing to do with 55nm development.  That was done in November long before they sold a single machine.  What you and others did with the S2 pre-orders, if you want to call them that, was assure Bitmain that there was a market for a new product based on their old chip design.  From my knowledge they didn't sell hundreds of S2s, and they haven't kept rolling sales going.  Good on them.

And you mean that the risk of us mining, is the same as Bitmains?
You mean they risked and would not sell their equipment?

No, I mean their risk was greater than ours in terms of magnitude.  They risked millions and you risked $3,000.  As covered above, they took a risk that their money wouldn't be wasted on a failed design, and/or wasted on a design that was non-competitive in the face of the 28nm rush of all their competitors.

  

And as the "millions" you said they spent, I am sure they could afford a single person just to reply to their emails.

I'm sure they could.  From my time in Bitcoin and ASIC land what I understand is that Chinese business does not care for Western concepts.  In China the customer is not always right, and in reality they (customer) could by all accounts go eff' themselves.  The idea of hand-holding and end-user support is not something that exists in Chinese business models.

Thanks man!

(I couldn't write it down....)

+1

Waw, you could also work for Bitmain!

They definitely need someone to answer to all these posts! (also answer some emails)

[pvnamk19]

Let's see 0.733 BTC / Ant S1 for 15-April news from Bitmain!?

[peruana]

Let's see 0.733 BTC / Ant S1 for 15-April news from Bitmain!?

1.2 days left before the next difficulty jump, maybe he will adjust price.


Bitcoin Difficulty:   6,119,726,089
Estimated Next Difficulty:   7,110,805,145 (+16.19%)
Adjust time:   After 200 Blocks, About 1.1 days

[Gazza1]

Let's see 0.733 BTC / Ant S1 for 15-April news from Bitmain!?

1.2 days left before the next difficulty jump, maybe he will adjust price.


Bitcoin Difficulty:   6,119,726,089
Estimated Next Difficulty:   7,110,805,145 (+16.19%)
Adjust time:   After 200 Blocks, About 1.1 days

A much needed necessity.

[BITMAIN]

New sales price 0.885 BTC for one S1

[Ronnin]

New sales price 0.885 BTC for one S1

Hi
I'm your existing client and I am fully pleased with the shipment.

I would like order in the next 10 days 30-50 pieces, when will be again available for shipping


thanks

[klondike_bar]

New sales price 0.885 BTC for one S1

What about an S2 Batch 3?  Or coupons for my recent S2 or S1 orders - which would be nice considering the S2 shipped on April 12th

[Biodom]

What is this crap with disappearing-appearing-disappearing supply that seems to be tied up to price fluctuations?
It starts to look very opportunistic.
Are there going to be any more S2 batches?

[dropt]

What is this crap with disappearing-appearing-disappearing supply that seems to be tied up to price fluctuations?
It starts to look very opportunistic.
Are there going to be any more S2 batches?

Would you prefer that they raise the Bitcoin price per S1 when the exchange rate drops?

[tzortz]

What is this crap with disappearing-appearing-disappearing supply that seems to be tied up to price fluctuations?
It starts to look very opportunistic.
Are there going to be any more S2 batches?

Would you prefer that they raise the Bitcoin price per S1 when the exchange rate drops?

Why not?

[CrazyRabbi]

What is this crap with disappearing-appearing-disappearing supply that seems to be tied up to price fluctuations?
It starts to look very opportunistic.
Are there going to be any more S2 batches?

Would you prefer that they raise the Bitcoin price per S1 when the exchange rate drops?

EVERYONE bases it off the USD price anyways even if they say they don't 

Heck even the Alt Coin price is based off the price of Bitcoin which is based off the price per Bitcoin per USD 

[scriptcloud]

Well you need to have the price also tie to btc difficulty.  Imo, these asic manufacturers are earning in big profit margins anyway that they can easily adjust the price!

[CrazyRabbi]

Why not just do

Average Price Per Bitcoin/USD x Bitcoin Difficulty x Bitcoin Network Hashrate ?

[Elyssium]

2 of my units hash at half speed. What gives?

[peruana]

2 of my units hash at half speed. What gives?

I had a similar issue but a quick firmware flash and reboot did the trick.

[Elyssium]

Nope, still half speed

[BITMAIN]

AntMiner S1 sales open
Antminer S1 currently mine at about 0.0124524324 BTC per day without overclocking.  (Current Difficulties: 6,978,842,650)
*Pool luck may increase or decrese the mining rate.

[Elyssium]

AntMiner S1 sales open
Antminer S1 currently mine at about 0.0124524324 BTC per day without overclocking.  (Current Difficulties: 6,978,842,650)
*Pool luck may increase or decrese the mining rate.

Im looking right in the GUI, not on my pools website.

[peruana]

Nope, still half speed

Be sure to do a complete power-down re-start

Only other thing I can think of is power, but i am sure you have tested and ruled that out first right?