ANTMINER S2 Discussion and Support Thread

[major job]

Amazing how unsure one feels after purchasing the s2's and the different perspectives. i raided my coin stash, so to me the raise in BTC value has made it seem like a viable purchase ( less BTC per unit+ coupon ) but mining profit / ROI, versus what i call the 'ponzi perspective' (sitting and waiting for value to rise) makes me unsure. Should i have just kept the coins.... but then i remember this ain't just about profit right?

[Biodom]

Amazing how unsure one feels after purchasing the s2's and the different perspectives. i raided my coin stash, so to me the raise in BTC value has made it seem like a viable purchase ( less BTC per unit+ coupon ) but mining profit / ROI, versus what i call the 'ponzi perspective' (sitting and waiting for value to rise) makes me unsure. Should i have just kept the coins.... but then i remember this ain't just about profit right?

I am trying to use a simple policy:
Every time I buy a miner for bitcoin, i immediately try to purchase the same number of bitcoins for fiat. This way, i use bitcoin, but my stash stays the same initially, then increase due to mining.

[BTCJoe]

If anyone need coupons for S2 drop me a PM (expires on the 30th) 75 available

[mdopro1]

I have a lame situation and need advise. I've replaced the power supply in my S2 because it was shutting off all the time. However, I want to repurpose this enermax for a mid-range gaming PC. How do I go about doing that since there are no peripheral cables?

[Biodom]

I have a lame situation and need advise. I've replaced the power supply in my S2 because it was shutting off all the time. However, I want to repurpose this enermax for a mid-range gaming PC. How do I go about doing that since there are no peripheral cables?

Buy PCI-E cables in a store, like microcenter
http://www.microcenter.com/product/318756/PCI_Express_6-pin_to_2__PCI_Express_20_8-pin_(62-pin)_Adapter

[Pt0x]

If anyone It's interested.

[WTS] Bitmain AntMiner Coupons 400 USD S2 for 0.08BTC , 0.05 BTC S1 for 0.02

Hi!

I have 15 of these:
AntMiner S2 Coupon 400 USD    15   0   2014-04-28 00:00:00~2014-05-30 00:00:00

Going for 0.08 BTC each.

And 9 of these:
AntMiner S1 Coupon 0.05 BTC  9   0   2014-04-27 00:00:00~2014-05-29 00:00:00

Going for 0.02 BTC each.

Post here if you are interested and send me PM.

Newbie accounts please stay away.

[edgar]

thats twice the price has gone up in the last 3 days...

why not just charge in BTC??

Its disgraceful keep changing the price so we can hardly earn a satoshi no matter what the  BTC price does!

[dropt]

thats twice the price has gone up in the last 3 days...

why not just charge in BTC??

Its disgraceful keep changing the price so we can hardly earn a satoshi no matter what the  BTC price does!

The value of BTC has increased well above and beyond the S2 price increase.  The units cost less BTC at each adjustment and that's all that matters.

[samsonn25]

thats twice the price has gone up in the last 3 days...

why not just charge in BTC??

Its disgraceful keep changing the price so we can hardly earn a satoshi no matter what the  BTC price does!

The value of BTC has increased well above and beyond the S2 price increase.  The units cost less BTC at each adjustment and that's all that matters.

Meanwhile the s1 prices have incresed 40%

[Biodom]

thats twice the price has gone up in the last 3 days...

why not just charge in BTC??

Its disgraceful keep changing the price so we can hardly earn a satoshi no matter what the  BTC price does!

Well, they can charge. You and I don't have to pay. I think they are trying to bump up their margin "on the fly".

[ak49er]

thats twice the price has gone up in the last 3 days...

why not just charge in BTC??

Its disgraceful keep changing the price so we can hardly earn a satoshi no matter what the  BTC price does!

They do charge in BTC.  They only quote in USD, (and BTC right next to it).  The price is dropping.  Right now they're at 3.961 BTC.  Just earlier today they were at 4.02ish.  They cost less today than they did two days ago when I bought mine.  How hard is that to comprehend?

And before you say that if you buy in fiat the price has gone up then let me just counter that by saying that if you start mining with one you're also going to make more fiat than you would have done as well.  You can't have it both ways.  You either price in BTC and the cost has gone down while the earning potential remains the same, or you price in fiat and the cost has gone up but so has the earning potential.  Take your pick.

[mdopro1]

I have a lame situation and need advise. I've replaced the power supply in my S2 because it was shutting off all the time. However, I want to repurpose this enermax for a mid-range gaming PC. How do I go about doing that since there are no peripheral cables?

Buy PCI-E cables in a store, like microcenter
http://www.microcenter.com/product/318756/PCI_Express_6-pin_to_2__PCI_Express_20_8-pin_(62-pin)_Adapter

Thanks for trying but I don't see how that would help. I already have too many PCI-e cords but zero peripheral wires for hard drives, cdrom etc. I looked around for PCI-E female to molex adapter and even eBay didn't come up with anything. Essentially making this powerful PSU a piece of garbage.

[pvnamk19]

7 S1 coupons 0.05 BTC & 8 S2 coupons 400$, asking 0.01 BTC each; pm please

[Profetu]

thats twice the price has gone up in the last 3 days...

why not just charge in BTC??

Its disgraceful keep changing the price so we can hardly earn a satoshi no matter what the  BTC price does!

They do charge in BTC.  They only quote in USD, (and BTC right next to it).  The price is dropping.  Right now they're at 3.961 BTC.  Just earlier today they were at 4.02ish.  They cost less today than they did two days ago when I bought mine.  How hard is that to comprehend?

And before you say that if you buy in fiat the price has gone up then let me just counter that by saying that if you start mining with one you're also going to make more fiat than you would have done as well.  You can't have it both ways.  You either price in BTC and the cost has gone down while the earning potential remains the same, or you price in fiat and the cost has gone up but so has the earning potential.  Take your pick.

What earning potential are you talking about? This miner needs 9 weeks to ROI with free electricity and no diff increase.

Best case it will make 0.6-1 BTC profit by the end of the year. Not worth it in my opinion considering how many things can go wrong.

Also when the BTC was 450$ people said the miner is expensive because of production costs that are in $, not that BTC is up they increase the $ price? It's a free market they can do what they want, but still not profitable IMO.

[Gogreen]

1 S2 coupon expire 30/5.   Let go at 0.011. Pm me.   Thanks!

[kabopar]

1 S2 coupon for US$400 expiring 27/5 for 0.01 BTC.  pm me.

[gallery2000]

thats twice the price has gone up in the last 3 days...

why not just charge in BTC??

Its disgraceful keep changing the price so we can hardly earn a satoshi no matter what the  BTC price does!

They do charge in BTC.  They only quote in USD, (and BTC right next to it).  The price is dropping.  Right now they're at 3.961 BTC.  Just earlier today they were at 4.02ish.  They cost less today than they did two days ago when I bought mine.  How hard is that to comprehend?

And before you say that if you buy in fiat the price has gone up then let me just counter that by saying that if you start mining with one you're also going to make more fiat than you would have done as well.  You can't have it both ways.  You either price in BTC and the cost has gone down while the earning potential remains the same, or you price in fiat and the cost has gone up but so has the earning potential.  Take your pick.

This is a potential problem for miner.   You paid a high price for the S2 because BTC went up; however, during the handling/shipping time (5 days), BTC went down 20%.  You got double whammy because of the price increase and lower btc price when you finally got to mine.

[xstr8guy]

I have a lame situation and need advise. I've replaced the power supply in my S2 because it was shutting off all the time. However, I want to repurpose this enermax for a mid-range gaming PC. How do I go about doing that since there are no peripheral cables?

Buy PCI-E cables in a store, like microcenter
http://www.microcenter.com/product/318756/PCI_Express_6-pin_to_2__PCI_Express_20_8-pin_(62-pin)_Adapter

Thanks for trying but I don't see how that would help. I already have too many PCI-e cords but zero peripheral wires for hard drives, cdrom etc. I looked around for PCI-E female to molex adapter and even eBay didn't come up with anything. Essentially making this powerful PSU a piece of garbage.

What happened to the cables that came with the replacement PSU? Every PSU I've ever bought (and I've bought a lot!) includes a full set of cables.

[philipma1957]

I have a lame situation and need advise. I've replaced the power supply in my S2 because it was shutting off all the time. However, I want to repurpose this enermax for a mid-range gaming PC. How do I go about doing that since there are no peripheral cables?

Buy PCI-E cables in a store, like microcenter
http://www.microcenter.com/product/318756/PCI_Express_6-pin_to_2__PCI_Express_20_8-pin_(62-pin)_Adapter

Thanks for trying but I don't see how that would help. I already have too many PCI-e cords but zero peripheral wires for hard drives, cdrom etc. I looked around for PCI-E female to molex adapter and even eBay didn't come up with anything. Essentially making this powerful PSU a piece of garbage.

enermax sells the exact cables on their website.

[klondike_bar]

I have a lame situation and need advise. I've replaced the power supply in my S2 because it was shutting off all the time. However, I want to repurpose this enermax for a mid-range gaming PC. How do I go about doing that since there are no peripheral cables?

Buy PCI-E cables in a store, like microcenter
http://www.microcenter.com/product/318756/PCI_Express_6-pin_to_2__PCI_Express_20_8-pin_(62-pin)_Adapter

be cautious of that cable. i had the same sort of ATX->dual PCIe and it was marked with 18awg but caught fire in under a minute of operation. disassembly showed what looked like 20awg or 22awg flimsy wires. Its not the sort of component that is meant for 300+ watts