[Antminer S1 Sales open] Price changes daily, now 0.414 BTC for 180GH/s

[kendog77]

I'm a math guy, so lets look at some numbers.

At the current difficult and BTC price, a S1 earns $186 dollars per month and uses $35 dollars in electricity at 12 cents per kilowatt hour. Barring a BTC price collapse, which would slow down difficulty growth, your assertion that a S1 will not be profitable in 2 months is absurd. The S1 will be unprofitable towards the end of 2013 (Q4) unless BTC price increases.

You think that an S1 will make $186 for May month?

I bet will not even make $130 for May. Deduct the $35 for electricity.

I am sorry but S1 is dead already.

Holy shit, I better turn off all my S1s because they are only making 4 times the cost of electricity and you also have a crystal ball into future difficulty increases and bitcoin price.

Thanks for the very insightful post.  

Also, since difficulty is doubling on average every 6 weeks, those shiny new 1TH miners that use 1W/GH will also be obsolete around 6 weeks after the S1.

[tzortz]

I'm a math guy, so lets look at some numbers.

At the current difficult and BTC price, a S1 earns $186 dollars per month and uses $35 dollars in electricity at 12 cents per kilowatt hour. Barring a BTC price collapse, which would slow down difficulty growth, your assertion that a S1 will not be profitable in 2 months is absurd. The S1 will be unprofitable towards the end of 2013 (Q4) unless BTC price increases.

You think that an S1 will make $186 for May month?

I bet will not even make $130 for May. Deduct the $35 for electricity.

I am sorry but S1 is dead already.

Holy shit, I better turn off all my S1s because they are only making 4 times the cost of electricity and you also have a crystal ball into future difficulty increases and bitcoin price.

Thanks for the very insightful post.  

Also, since difficulty is doubling on average every 6 weeks, those shiny new 1TH miners that use 1W/GH will also be obsolete around 6 weeks after the S1.

Go on.

Go buy more.

I will see you in a couple of months.

[kabopar]

New price for AntMiner S1: 0.818 0.63 btc each one, shipping cost included.

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

Has anyone received a coupon from BITMAIN for recent S1 buys?  Got my latest S1 just a few days ago, but no coupons yet
The price drops + coupons might sway me for another S1 or 2 (with thoughts of under-clocking + under-volting to compensate for its thirst for KWhs)

Cheers

[tzortz]

No one has received yet.

[Mad_Max]

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

Hi.

Last buy at  2014-04-08 is recent enough for coupons?

[TechByPC]

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

Hi.

Last buy at  2014-04-08 is recent enough for coupons?

It would be nice to know. I don't think they have said what the cut off is though.

[tzortz]

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

Hi.

Last buy at  2014-04-08 is recent enough for coupons?

Is less than 3 weeks. I believe you will get it.

[samsonn25]

I'm a math guy, so lets look at some numbers.

At the current difficult and BTC price, a S1 earns $186 dollars per month and uses $35 dollars in electricity at 12 cents per kilowatt hour. Barring a BTC price collapse, which would slow down difficulty growth, your assertion that a S1 will not be profitable in 2 months is absurd. The S1 will be unprofitable towards the end of 2013 (Q4) unless BTC price increases.

You think that an S1 will make $186 for May month?

I bet will not even make $130 for May. Deduct the $35 for electricity.

I am sorry but S1 is dead already.

Mining will be very challenging when difficulty goes past 20 billion in June.

[tzortz]

Right, but who listens?

They all rush to order S1s like crazy.

[philipma1957]

I'm a math guy, so lets look at some numbers.

At the current difficult and BTC price, a S1 earns $186 dollars per month and uses $35 dollars in electricity at 12 cents per kilowatt hour. Barring a BTC price collapse, which would slow down difficulty growth, your assertion that a S1 will not be profitable in 2 months is absurd. The S1 will be unprofitable towards the end of 2013 (Q4) unless BTC price increases.

You think that an S1 will make $186 for May month?

I bet will not even make $130 for May. Deduct the $35 for electricity.

I am sorry but S1 is dead already.

Holy shit, I better turn off all my S1s because they are only making 4 times the cost of electricity and you also have a crystal ball into future difficulty increases and bitcoin price.

Thanks for the very insightful post.  

Also, since difficulty is doubling on average every 6 weeks, those shiny new 1TH miners that use 1W/GH will also be obsolete around 6 weeks after the S1.

You have mentioned the elephant in the room bro.

  antminer s-1's can clock to 1.5 watts. hash  antminer s-2's can clock to .9 watts a hash and spoondoodles can clock to .7 watts

  these power improvements don't come close to keeping up with   the current difficulty numbers ..    

         what is needed is a large fiat btc jump.  remember the   sept  3 to nov 28 fiat jump  about 100 to 1100 usd a coin.

Since the only way the game will continue is a good solid fiat jump.  I may as well speculate  with s-1s.

  remember   a cube was 38gh at 400 watts   that is more then 10 watts a hash .  the s-1 was a 5x improvement in power.  

 the s-2 the sp10 the dragons etc are at best 2x an underclocked s-1 if that.  so none of them will save the day,

  but   an 11x btc fiat jump to  5000 will wake us all up.

even a 3x jump to 1350 usd makes the game look good again.

  with the case being I need  a 3x fiat jump to mine I will buy s-1's  rather then any expensive gear .

  So buy some now I bought them yesterday at .63

[kendog77]

I'm a math guy, so lets look at some numbers.

At the current difficult and BTC price, a S1 earns $186 dollars per month and uses $35 dollars in electricity at 12 cents per kilowatt hour. Barring a BTC price collapse, which would slow down difficulty growth, your assertion that a S1 will not be profitable in 2 months is absurd. The S1 will be unprofitable towards the end of 2013 (Q4) unless BTC price increases.

You think that an S1 will make $186 for May month?

I bet will not even make $130 for May. Deduct the $35 for electricity.

I am sorry but S1 is dead already.

Holy shit, I better turn off all my S1s because they are only making 4 times the cost of electricity and you also have a crystal ball into future difficulty increases and bitcoin price.

Thanks for the very insightful post.  

Also, since difficulty is doubling on average every 6 weeks, those shiny new 1TH miners that use 1W/GH will also be obsolete around 6 weeks after the S1.

You have mentioned the elephant in the room bro.

  antminer s-1's can clock to 1.5 watts. hash  antminer s-2's can clock to .9 watts a hash and spoondoodles can clock to .7 watts

  these power improvements don't come close to keeping up with   the current difficulty numbers ..    

         what is needed is a large fiat btc jump.  remember the   sept  3 to nov 28 fiat jump  about 100 to 1100 usd a coin.

Since the only way the game will continue is a good solid fiat jump.  I may as well speculate  with s-1s.

  remember   a cube was 38gh at 400 watts   that is more then 10 watts a hash .  the s-1 was a 5x improvement in power.  

 the s-2 the sp10 the dragons etc are at best 2x an underclocked s-1 if that.  so none of them will save the day,

  but   an 11x btc fiat jump to  5000 will wake us all up.

even a 3x jump to 1350 usd makes the game look good again.

  with the case being I need  a 3x fiat jump to mine I will buy s-1's  rather then any expensive gear .

  So buy some now I bought them yesterday at .63

Agreed, the economics of mining completely break down in Q3 without a nice BTC price jump. Miners will be in a lot of pain without a $1000+ BTC price in Q3 of this year.

New, more power efficient hardware won't make matters any better without a BTC price jump either because manufacturers will not sell hardware below manufacturing cost, so the economics for mining manufacturers also break down.

[c2391118]

How many discount coupon gives?

[Swimmer63]

How many discount coupon gives?

Huh?

[ZiG]

I'm a math guy, so lets look at some numbers.

At the current difficult and BTC price, a S1 earns $186 dollars per month and uses $35 dollars in electricity at 12 cents per kilowatt hour. Barring a BTC price collapse, which would slow down difficulty growth, your assertion that a S1 will not be profitable in 2 months is absurd. The S1 will be unprofitable towards the end of 2013 (Q4) unless BTC price increases.

You think that an S1 will make $186 for May month?

I bet will not even make $130 for May. Deduct the $35 for electricity.

I am sorry but S1 is dead already.

Holy shit, I better turn off all my S1s because they are only making 4 times the cost of electricity and you also have a crystal ball into future difficulty increases and bitcoin price.

Thanks for the very insightful post.  

Also, since difficulty is doubling on average every 6 weeks, those shiny new 1TH miners that use 1W/GH will also be obsolete around 6 weeks after the S1.

You have mentioned the elephant in the room bro.

  antminer s-1's can clock to 1.5 watts. hash  antminer s-2's can clock to .9 watts a hash and spoondoodles can clock to .7 watts

  these power improvements don't come close to keeping up with   the current difficulty numbers ..    

         what is needed is a large fiat btc jump.  remember the   sept  3 to nov 28 fiat jump  about 100 to 1100 usd a coin.

Since the only way the game will continue is a good solid fiat jump.  I may as well speculate  with s-1s.

  remember   a cube was 38gh at 400 watts   that is more then 10 watts a hash .  the s-1 was a 5x improvement in power.  

 the s-2 the sp10 the dragons etc are at best 2x an underclocked s-1 if that.  so none of them will save the day,

  but   an 11x btc fiat jump to  5000 will wake us all up.

even a 3x jump to 1350 usd makes the game look good again.

  with the case being I need  a 3x fiat jump to mine I will buy s-1's  rather then any expensive gear .

  So buy some now I bought them yesterday at .63

Agreed, the economics of mining completely break down in Q3 without a nice BTC price jump. Miners will be in a lot of pain without a $1000+ BTC price in Q3 of this year.

New, more power efficient hardware won't make matters any better without a BTC price jump either because manufacturers will not sell hardware below manufacturing cost, so the economics for mining manufacturers also break down.

Miners will be in pain without a jump in BTC price...no question about that...BUT what about the manufacturers like BitMain etc... They will be BANKRUPT...We will not be buying anymore...but we will survive somehow...

[samsonn25]

Well most manufacturers made money during the boom.

Just business will slow down to the point if they cant make a profit they wont make and sell it.

[xoun]

I would like to buy coupons if some of you don't plan to use them.
Send me your offer by PM!

Cheers

[philipma1957]

Well most manufacturers made money during the boom.

Just business will slow down to the point if they cant make a profit they wont make and sell it.

And bitmain is selling off everything in s-1  =  more  money.

The are not dumb they will sit back build nothing for a while   and see if btc does a fiat jump.

I know that any new company that has not made serious coin will be in trouble with a launch since no one is selling an asic that runs 1th at 200-300

watts.  Man would they make money selling that if they had it.

A 1th miner at 300 watts in stock at 2.5k would sell like a mofo.

[kabopar]

New price for AntMiner S1: 0.818 0.63 btc each one, shipping cost included.

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

Has anyone received a coupon from BITMAIN for recent S1 buys?  Got my latest S1 just a few days ago, but no coupons yet
The price drops + coupons might sway me for another S1 or 2 (with thoughts of under-clocking + under-volting to compensate for its thirst for KWhs)

Cheers

Got my coupon

Cheers

[souljahinc]

not necessary to go for underclocking.... it will just work fine at its default 180 GH/s with almost error free condition while mining.... the higher you overclock the machine.. its gonna give you higher rate of error ....

[s1lverbox]

New price for AntMiner S1: 0.818 0.63 btc each one, shipping cost included.

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

Has anyone received a coupon from BITMAIN for recent S1 buys?  Got my latest S1 just a few days ago, but no coupons yet
The price drops + coupons might sway me for another S1 or 2 (with thoughts of under-clocking + under-volting to compensate for its thirst for KWhs)

Cheers

Got my coupon

Cheers

When did u bought miners?
Bitmain seems teasing people with this and nothing. I did 4.4.14 5 miners and nothing.
Is that recent purchase or not?....