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

[digitizing]

still not get coupon.
last buy 2014-03-27,
maybe not recent enough.

[aztecminer]

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

are you mining for a living or something ?? do u believe in time that bitcoin will increase in value ?? if your mining for a living then i can see your point why you want bitcoin to rise in value right away. i personally hoard all the coins i mine. and since i have to pay income tax on mined coins then i am not as much concerned about the price of bitcoin today. if you do not think that bitcoin will rise in value in the future then maybe you shouldn't be mining ?? the mining hardware is an asset that gives one the capability to mine crypto-currencies and therefore mining hardware has a value itself as well. it really doesn't make sense to me to turn assets into usd fiat currency right now since usd fiat currency is going to buy less in the future.

[BoogieMan82]

I have recently (within the past month) bought 2 S1's...

Within a few weeks BOTH failed (1 due to a bad controller board, 1 had 2 bad "banks" of 8 asic chips (16 total).

It's been a week with the RMA department and they had me take pieces from one to make 1 working one, and finally got the go-ahead to ship the other one back (which arrives to them on Monday).

I likely wont see a replacement for at least another week.  Needless to say I am currently loosing my ass.  Bye Bye ROI.

I have expressed this concern about my ROI due to THEIR faulty product to Bitmain Customer Service and every time they ignore me.  I asked questions within the RMA emails and they responded to everything BUT my requests for either a coupon or a couple miners pointed at my pool while the RMA process is happening.  It's like they read it and just laugh.  I didn't ask for anything outrageous, I simply asked to be compensated for a failure in their product.

I thought they were a stand up company, but now I am having my doubts.  Maybe the prices ARE to good to be true, especially now that it has dropped even more.  I spent $950-$1,000 ish in product around the beginning of the month, and only have about 1.5 weeks of actual mining since I got my miners... As of right now I cannot recommend them.

Something must be going on internally as I used to hear good things about them (which is why I chose to do business with them). Unless things change FAST, they likely could get to the point where they can't honor ANY of their promises.


**EDIT**

The only reason why I am still giving Bitmain a shred of hope of redeeming themselves is because of Juan @112bit.com.  1 of my units I ordered from him, 1 I ordered directly from Bitmain.  Juan IS what customer service should be.  He always gets back to me quickly, is understanding and you can tell he actually cares about his customers.  He also has been helping me with BOTH units even though he only sold me one of them.

Thank you Juan!

[s1lverbox]

I ordered 3 x s1 just yesterday as some one asked me to do it for him. I will update thread what kind of kit i got, if its old, overclocked or maybe new kit which just left factory.

I wonder if bitmain really become so big he dont give a monkey about customers any more.Or they still have some respect to people who helped them to grow.
Time will show.

Anyone have backround on bitmaintech? Who they are, names or stuff?
Where they come from? Really we dont know anything about them.

[bjalbert]

I ordered 3 x s1 just yesterday as some one asked me to do it for him. I will update thread what kind of kit i got, if its old, overclocked or maybe new kit which just left factory.

I wonder if bitmain really become so big he dont give a monkey about customers any more.Or they still have some respect to people who helped them to grow.
Time will show.

Anyone have backround on bitmaintech? Who they are, names or stuff?
Where they come from? Really we dont know anything about them.

I have plenty of recently purchased units from them and they all look new to me. No dust, no overclock but not sure if they are brand new since I doubt they manufacture them anymore. Anyways never had a single problem with any of them and probably the most reliable asic ever built. Bitmain has always shipped fast and kept the price profitable. Also, they still give coupons and just got a .15 one so I have absolutely no complaints.

[s1lverbox]

I ordered 3 x s1 just yesterday as some one asked me to do it for him. I will update thread what kind of kit i got, if its old, overclocked or maybe new kit which just left factory.

I wonder if bitmain really become so big he dont give a monkey about customers any more.Or they still have some respect to people who helped them to grow.
Time will show.

Anyone have backround on bitmaintech? Who they are, names or stuff?
Where they come from? Really we dont know anything about them.

I have plenty of recently purchased units from them and they all look new to me. No dust, no overclock but not sure if they are brand new since I doubt they manufacture them anymore. Anyways never had a single problem with any of them and probably the most reliable asic ever built. Bitmain has always shipped fast and kept the price profitable. Also, they still give coupons and just got a .15 one so I have absolutely no complaints.

Im not complaining either. Just saying.

[hashfun]

I ordered 3 x s1 just yesterday as some one asked me to do it for him. I will update thread what kind of kit i got, if its old, overclocked or maybe new kit which just left factory.

I wonder if bitmain really become so big he dont give a monkey about customers any more.Or they still have some respect to people who helped them to grow.
Time will show.

Anyone have backround on bitmaintech? Who they are, names or stuff?
Where they come from? Really we dont know anything about them.

I have plenty of recently purchased units from them and they all look new to me. No dust, no overclock but not sure if they are brand new since I doubt they manufacture them anymore. Anyways never had a single problem with any of them and probably the most reliable asic ever built. Bitmain has always shipped fast and kept the price profitable. Also, they still give coupons and just got a .15 one so I have absolutely no complaints.

Hello,

when u bought your devices , i bough 4pcs on 04-08-2014 unfortunately devices still in customs for some reasons.
but i'm still not got any coupons

[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

are you mining for a living or something ?? do u believe in time that bitcoin will increase in value ?? if your mining for a living then i can see your point why you want bitcoin to rise in value right away. i personally hoard all the coins i mine. and since i have to pay income tax on mined coins then i am not as much concerned about the price of bitcoin today. if you do not think that bitcoin will rise in value in the future then maybe you shouldn't be mining ?? the mining hardware is an asset that gives one the capability to mine crypto-currencies and therefore mining hardware has a value itself as well. it really doesn't make sense to me to turn assets into usd fiat currency right now since usd fiat currency is going to buy less in the future.

I believe and hope BTC will go back over 1000 usd. before nov 1st this year.

[dulac97]

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

How much was your coupon for?  I ordered 3 units on three different dates over the past month and got nothing 

[smooth]

More then 5 million USA homes use electric heat  they all can use s-1's next fall.

  Since the s-1   is the exact same power cost as the electric heat they use per watt.  why not space heat with it   and get some money back.

No big farm can compete with that.  

Well said. People do not appreciate the amount of free electricity that is available. No matter how little the industrial miners pay for electricity they will have trouble competing.

You know what would be a killer product? A passively cooled mining box with a thermostat and built-in wifi. Use radiator fins or maybe a sealed oil like one of these. Zero maintenance. Drop in replacement for electric heat. Even if the mining loses money it still saves money on heating costs.

[TracerX]

More then 5 million USA homes use electric heat  they all can use s-1's next fall.

  Since the s-1   is the exact same power cost as the electric heat they use per watt.  why not space heat with it   and get some money back.

No big farm can compete with that.  

Well said. People do not appreciate the amount of free electricity that is available. No matter how little the industrial miners pay for electricity they will have trouble competing.

You know what would be a killer product? A passively cooled mining box with a thermostat and built-in wifi. Use radiator fins or maybe a sealed oil like one of these. Zero maintenance. Drop in replacement for electric heat. Even if the mining loses money it still saves money on heating costs.

This is a stellar idea!

[pjcltd]

got my coupon for .13  Ant S1 ordered

[wpgdeez]

got my coupon for .13  Ant S1 ordered

That's a hot deal!

[smooth]

People learned the lesson and preoders are died long time ago.
Trust me, no one who have a bit brain will go for overpriced, non existent gear which maybe will be delivered at date given by factory and will give money towards this whole scam call preorders.

Unfortunately not true. There a $1 million+ pre-order going on right now: https://bitcointalk.org/index.php?topic=575499.0

[philipma1957]

People learned the lesson and preoders are died long time ago.
Trust me, no one who have a bit brain will go for overpriced, non existent gear which maybe will be delivered at date given by factory and will give money towards this whole scam call preorders.

Unfortunately not true. There a $1 million+ pre-order going on right now: https://bitcointalk.org/index.php?topic=575499.0

yeah and they actually have the best real gear on the market  the sp10 as the teaser.

I don't knock the sp30 .   but the s10 can do 700 watts and 1 th……..     the sp 30 will do .4 or .5 watts a hash.    power efficiency   needs to be better.

I did a long rant on that thread just sell us sp10's now. you do not need sp30's


the power efficiency   of .7 to .4 watts a hash does not keep up with the diff increase  from now to aug.  

    I can say does any one think diff will be under 20 on the first of aug. it would be 21 if we do 15%.   we are at 6.9 so 21 is about 3 x the diff.  the power efficiency of the sp30 is not 3x that of the sp10  it is 1.8x better.


yet people buy it.  


 i think I will be better off with  a dozen- 2 dozen  well placed s-1s come  fall then 1 sp30.

[ZiG]

People learned the lesson and preoders are died long time ago.
Trust me, no one who have a bit brain will go for overpriced, non existent gear which maybe will be delivered at date given by factory and will give money towards this whole scam call preorders.

Unfortunately not true. There a $1 million+ pre-order going on right now: https://bitcointalk.org/index.php?topic=575499.0

yeah and they actually have the best real gear on the market the sp10 as the teaser.

I don't knock the sp30 .   but the s10 can do 700 watts and 1 th……..     the sp 30 will do .4 or .5 watts a hash.    power efficiency   needs to be better.

I did a long rant on that thread just sell us sp10's now. you do not need sp30's


the power efficiency   of .7 to .4 watts a hash does not keep up with the diff increase  from now to aug.  

    I can say does any one think diff will be under 20 on the first of aug. it would be 21 if we do 15%.   we are at 6.9 so 21 is about 3 x the diff.  the power efficiency of the sp30 is not 3x that of the sp10  it is 1.8x better.


yet people buy it.  


 i think I will be better off with  a dozen- 2 dozen  well placed s-1s come  fall then 1 sp30.

Second this...

I prefer SP10 hashing in May... than SP30 hashing in August...Plus for 3 months hashing by August one SP10 will offset most of the cost of one SP30 ...making the SP30 purchase easier...

Have been in touch with more senior members here than me...trying to organize a SP10 Group Buy...Volume discount...

Anybody interested...? ...PM me...IMHO it is Doable...Target price could be around $3K...

ZiG

[cevad]

got my coupon for 0.15 - ordered another s1 - might sell this one on fleabay to recoup some cost from first miner since they've dropped so much (bought first one at .877)

[brad1121]

Think I'm dreaming that I will get a coupon for a purchase mid March

[AndersAA]

Think I'm dreaming that I will get a coupon for a purchase mid March

Feel the same way :/ "Recently" must be within a week or something...

[patrike]

I sent an e-mail to Bitmaintech yesterday and asked about the coupons. I received a reply a few hours ago that "coupons will be ready soon".