ccgllc
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Math doesn't care what you believe.
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November 15, 2018, 05:06:45 PM |
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I wouldn't put too much emphasis on the S15s "selling out". Bitmain has been known to have "sold out" of very small quantities of Batch 1 miners before - just to get the publicity. For instance, perhaps the "sold out" of dozens or perhaps 100s of S15s in minutes. No big deal.
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Mined for a living since 2017. Dabbled for years before that. Linux admin since 0.96 kernel and Slackware distributions on (4) floppies...
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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HagssFIN
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November 15, 2018, 05:26:24 PM |
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Yep. Who knows if they had as little as 10 miners for sale and sold out very quickly.
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DaCryptoRaccoon
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November 18, 2018, 12:17:44 PM |
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Was there not reports too of issues with the chips during development? I was sure there was a source that said the wafers were failing.
Could this be a reason to limit how many a customer can buy so they don't end up with 1000's of warranty repair or replace in the next few months.
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Steamtyme
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November 18, 2018, 12:51:25 PM Last edit: November 20, 2018, 06:44:01 AM by frodocooper |
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I wouldn't put too much emphasis on the S15s "selling out". Bitmain has been known to have "sold out" of very small quantities of Batch 1 miners before - just to get the publicity. For instance, perhaps the "sold out" of dozens or perhaps 100s of S15s in minutes. No big deal.
I see what your saying. It does have a certain effect on the market and competitors if you can sell this unit. It seems almost futile unless they truly are grasping at straws, it really only buys them a few weeks when the orders are supposed to ship out. If there aren't a bunch of them being delivered to farms of all sizes it would just raise more questions about their business. Who knows if they had as little as 10 miners for sale and sold out very quickly. That would be one hell of a going out of business sale. Was there not reports too of issues with the chips during development?
Yeah it was discussed a little at the beginning of the thread Could this be a reason to limit how many a customer can buy so they don't end up with 1000's of warranty repair or replace in the next few months.
Even if the limit is 2 per customer if the machines fail, you've just spread out the amount of pissed off consumers. More angry people by limiting the purchase amount. The Max quantity does lend more credence to the small batch argument more than anything. If delivered to a large enough sampling of people it does a better job of getting the word out as opposed to a couple of large orders buying up all the stock.
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philipma1957 (OP)
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November 18, 2018, 04:53:40 PM Last edit: November 20, 2018, 06:45:47 AM by frodocooper |
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The diff math shows that not a lot of new gear is rolling out.
M10 S15 Inno turbo
they are not selling like mad.
What has happened here is :
12 cent 10 cent 8 cent all lose money at 5500 a btc coin.
with the s9 mining. with the avalon 841 mining
to turn profit at 8 cents you need 100 watts at 1th
an s9 doing 14000 gh at 1400 watts at 8 cents makes 24 cents a day.
So a hosting of an s9 at 1.4 x 24 x 30 = 1008 kwatts a 30 day month so at 8 cents that is 80.64 a kwatt
So if you have a contract for 10 kwatts that is 806.40 a month to be at break even roughly 7 s9's
We all know the network has 65% s9 gear all of it at 8 cents and up is dead.
So I ask you if you have 7 s-9's at 806.40 a month (8cents) and your 6 month renewal bill is due will you want to pay 4838.40 fuck no you won't
So many hosting sites are going underwater.
If you have done okay for the last few years you may want to consider mining at a loss with s9's rather then buying some s15
what is a pair of s15's 1475 + 1475 = 2950 add shipping add tax you are over 4050
what do you get 56th at 3200 watts at full speed
what are 4 s9's 56th at 5600 watts at full speed.
2.4kwatts x 24 hours = 57.6kwatts a day or 5.76 cents at 10 cent power cost 4050
bitmain s9 on ebay with psu = 325 x 4 = 1300
so a savings of 2700 about 54th-56th
now those s9's mining at 5.6kwatts = 134.40 kwatts a day at 10 cents that is 13.44 a day
so for 200 days 2688 dollars
So the s9s are better for 200 days then the s15 and I am not counting the time you wait for the s15's
at 8 cents it is 10.75 a day in power that is 251 days before the s15 catches up to the s9is
So really only small USA and Europe guys with high power costs have any real interest in the s15.
Lets make you not in USA lets say Canada tax is 5%
so 2960 x 1.05 = 3108 + 200 to ship say 3308 that is 2k more then the s9's
so 10 cent power 2000/13.44 = 148 days before the s15 starts to catch up
so 8 cent power 2000/10.75 = 186 days defore the s15 starts to catch up
so the demand at 1475 will be low
even a canada guy at 10 cent power should be very cautious to get a lot of them.
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gentlemand
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November 18, 2018, 05:13:32 PM |
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Odd concept since they've had original Bitcoin support longer than anything else.
Because it's the biggest and the market demands it, not because they want it to be. They supported all the crappy initiatives to usurp the current version of Bitcoin and Bcash/BCH/BCHABC/BCHSV is ably proving what a shitty idea they all were. Read that - https://twitter.com/pierre_rochard/status/1064181612815007745Coinbase have never put out anything as pumpy related to BTC.
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xxxABJxxx
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November 20, 2018, 05:14:58 PM Last edit: November 21, 2018, 03:11:13 AM by frodocooper |
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I wonder on who they sell. You can not order an Antminer S9 and some other miners in Europe. I do not know how all this is related but I still have coupons until the end of November. I would like to redeem them. Unfortunately, I can no longer order the S9 from Europe. fraud? That's the intention again. From December when all coupons have expired, you can certainly order again at higher prices.
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QuintLeo
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November 20, 2018, 06:19:53 PM Last edit: November 21, 2018, 03:11:57 AM by frodocooper |
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We all know the network has 65% s9 gear all of it at 8 cents and up is dead.
And it got worse in the last 24 hours. Gotta wonder if Bitmain finally sold out on their remaining stock of S9 units and decided to pull the trigger on another round of "coin dump" to make more of a market for the S15/T15 as one of the very few profitable miners. On the other hand, a lot of miners are at 5 cent OR LESS power cost, pretty sure even at current market conditions the S9 is still profitable for the low-cost miners. I still think "Bitmain cash crunch" is the primary reason for the massive sell pressure on Bitcoin right now - had ANOTHER volume spike that seems to have caused the second "price dump".
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I'm no longer legendary just in my own mind! Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin) 1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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philipma1957 (OP)
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November 20, 2018, 06:54:59 PM Last edit: November 21, 2018, 03:12:37 AM by frodocooper |
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pretty nice info. makes me smile. this all very good for the solar array which has been paid off and power is about 1 cent (for maintenance)
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DaCryptoRaccoon
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November 20, 2018, 08:59:59 PM |
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Would love to pick your brains over the solar array @philipma1957
I would agree it's happy times to see it in relation to diff but sad to see that pile being dumped like that. Those miners could have a nice home somewhere else.
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HagssFIN
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November 20, 2018, 09:44:37 PM |
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@MagicByt Are you sure that the video footage is not filmed during the flood in Sichuan area, China?
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OgNasty
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November 20, 2018, 09:47:28 PM |
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This is fake news. That footage is from the flood that destroyed a Bitcoin mine. ^Damn, HagssFIN beat me to it.
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philipma1957 (OP)
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November 20, 2018, 10:19:16 PM Last edit: November 21, 2018, 03:13:58 AM by frodocooper Merited by Biodom (5), stompix (1) |
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This is fake news. That footage is from the flood that destroyed a Bitcoin mine.
^Damn, HagssFIN beat me to it.
That makes more sense If you have 100 watt a th gear the red numbers at current diff are 12 cent power and 7697 price mines at a loss 11 cent power and 7055 price mines at a loss 10 cent power and 6414 price mines at a loss I suspect these miners have shut down a lot of thier gear 9 cent power and 5772.10 price mines at a loss 8 cent power and 5131.10 price mines at a loss 7 cent power and 4489.10 price mines at a loss this is the group that will be shutting down if this lingers at these prices 6 cent power and 3848.10 price mines at a loss 5 cent power and 3207.10 price mines at a loss = these miners may do okay since diff will drop a bit. 4 cent power and 2565.10 price mines at a loss 3 cent power and 1923.10 price mines at a loss = these are doing just fine for today and I am think they don't feel pain unless we drop to 1750
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philipma1957 (OP)
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November 21, 2018, 12:31:13 AM Last edit: November 21, 2018, 03:15:08 AM by frodocooper |
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BCH needs to go to 750 or more. Maybe 1000
we are looking at a major play that could backfire.
you need to go all the way back to the Hunt brothers and their play to own the silver market back around 1977-1978 to see anything like this move.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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November 21, 2018, 03:11:06 AM Last edit: November 21, 2018, 03:17:02 AM by frodocooper |
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the red numbers at current diff are
12 cent power and 7697 price mines at a loss 11 cent power and 7055 price mines at a loss 10 cent power and 6414 price mines at a loss I suspect these miners have shut down a lot of thier gear
9 cent power and 5772.10 price mines at a loss 8 cent power and 5131.10 price mines at a loss 7 cent power and 4489.10 price mines at a loss this is the group that will be shutting down if this lingers at these prices
6 cent power and 3848.10 price mines at a loss 5 cent power and 3207.10 price mines at a loss = these miners may do okay since diff will drop a bit.
4 cent power and 2565.10 price mines at a loss 3 cent power and 1923.10 price mines at a loss = these are doing just fine for today and I am think they don't feel pain unless we drop to 1750
This of course assumes your floor rental cost is zero, payments on the equipment are zero, maintenance is zero, and of course the one slave who runs the mine is paid 0. At this point I think these dingbats are mining at a loss. Otherwise they would have crashed the market earlier just to wipe out other miners and lower the difficulty. That's why (IMO) it was rolling around 6500 or so. Eh, we'll see what happens with this dick-fest.
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OgNasty
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November 21, 2018, 03:27:47 AM |
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There is no doubt that Bitcoin mines are struggling and shutting down, possibly even going bankrupt. However, this idea that they’re throwing away machines in this fashion that are still selling for hundreds of dollars each is nothing more than a fantasy.
Also, Bitmain is not going belly up. They’re about to list a multi-billion dollar IPO. Let’s keep a little bit of sanity.
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vit05
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November 21, 2018, 03:28:27 AM Last edit: November 21, 2018, 03:28:54 AM by frodocooper |
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This is fake news. That footage is from the flood that destroyed a Bitcoin mine.
^Damn, HagssFIN beat me to it.
The floor is not wet in this video. It just seems like they're pulling the miners out of the hack.
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