Bitmain to release S17E 64TH

[mikeywith]

On their twitter account, just 10 minutes ago, Bitmain announced yet another "improved" gear with 64th and about 2880w, that is 45w per tera hash, which is almost exactly the same as the S17 pro running on Turbo mode, it seems like they added more chips and gave it a different name, but we can only be sure after they do release it, the Low power mode on this thing might be more efficient than the S17pro which is 36w per TH.



source: https://twitter.com/Antminer_main/status/1169796461686427648

[1714093203]

1714093203

[philipma1957]

Good glad I waited a bit to order.

[taserz]

Good glad I waited a bit to order.

Yeah I got my m20s coming but new bitmain would do something like this.

[mochaaa]

whats price estimates? 3.5k?

[wndsnb]

My guess would  be $3650 based off the price of the S17 53TH and 1 month earlier delivery. Looks like we'll find out on Monday.

https://blog.bitmain.com/en/bitmain-expands-in-demand-antminer-17-series-with-two-new-miners-reveals-specifications-and-selling-times/

[philipma1957]

My guess would  be $3650 based off the price of the S17 53TH and 1 month earlier delivery. Looks like we'll find out on Monday.

https://blog.bitmain.com/en/bitmain-expands-in-demand-antminer-17-series-with-two-new-miners-reveals-specifications-and-selling-times/

Well coins are edging close to 11,000.  If we get a coin push to 11 or 12 over the weekend I could see them wanting close to 4000.

[mochaaa]

gunna be rough with trump tax

[Undifficulty]

I think over $3k would be too high considering the M20S are under $3k at a slightly higher hash rate.

[mikeywith]

I think over $3k would be too high considering the M20S are under $3k at a slightly higher hash rate.

This is not how you compare gear prices, besides quality and the other obvious factors,there are two major factors you need to consider when making such a comparison.

1-Price per Terahash
2-Watts per Terahash

Now depending on a few factors , power consumption in many cases is the most important factor and based on that, and assuming the S17E does 64th at 2880w i see no reason why it shouldn't be selling for 3.5k or even 4k despite the fact that the M20s does sell for a lot cheaper, those 500w difference are worth a lot to many people , and to be honest 64th at 2880w is a freaking beast, I doubt any other company will get to that efficiency by year end.

Another reason is that to me, bitmain in the mining industry is like Apple in the mobile phone industry, they always get away with selling over priced products just because of their brand name.

[mochaaa]

looked like efficiency was the same? im thinking 30xx watts @45j/th. It helps bitmain that they are a visible company with clear (relatively) processes for their products, quality and efficiency aside.

[Biodom]

They are trying to pre-empt M20S.
Hopefully, this would mean lower prices.

I looked at the numbers and there is NO way for any of these miners to return more btc than you spent in the first 12 mo, maybe even 18 mo IF your cost is 9-11c/kwh.
They have to be robust enough to work for at least 24 mo, maybe more for you to break even in btc.
Of course, depending on bitcoin $$ price (if it would rise), you MIGHT get $$ profits sooner.

[philipma1957]

yeah  at 68th  you earn 0.001547 btc.  or $16.25 usd.   68th at 45 watts a th = 3060 or 74 kwatts a day.

at 6 cent power that is 4.44 in power   so 16.25-4.44= 11.81 profit      after 300 days 3543 usd
at 5 cent power that is 3.70 in power   so 16.25-3.70= 12.55 profit      after 300 days 3765 usd
at 4 cent power that is 2.96 in power   so 16.25-2.96= 13.29 profit      after 300 days 3987 usd

never mind that these intentionally attack usa mining since they will all be at least 3500 + 966 = 4466 with trump tax.

So I am pretty much shut out of these again.

my 50 50 split deal means 34 th or 8.12 usd a day  so 4466/8.12 = 550 days.  very difficult  for me to want them.

I am looking for small s17 pros  like 40 th but  killer efficiency say 36 watts a th

oh well

[xxxABJxxx]

cryptominerbros list it for $3,199.00, but price will change after relase from Bitmain.

M20s is on sale on whatsminer.net, but only 40 USD under normal price .

In fact Bitmain can´t lower the price than whatsminer.

If tomorrow is a bullish mood, the price is higher than if bitcoin falls extremely low tomorrow.

I cancel my M20s order. Wait for cheap used S17 pro 50/56 TH/s.


Maybe in 2 Months you become 0,5 - 0,7 BTC for this actualy gear price.

[cbs]

Does Bitmain usually have a minimum order quantity for first batch runs?

And still no pricing? They come out tomorrow!

[Steamtyme]

Not that I'm aware. It's usually more an issue just trying to get an order in at a time like this. I think you have to set up notifications on their twitter to get the updates right away. I imagine pricing will go up a few hours before the sale is supposed to start.

[AlecMe]

Was holding off from s17pro and now it seems to be worth it with this new one coming out and being delivered one month earlier than the s17pro in December; hmmm another blow to people who have preordered...

My worry is: depending on what batch you order will they increase the price?

Or will they be fair and leave all 3 batches (3 days apart) at the same price?

[Undifficulty]

This is not how you compare gear prices, besides quality and the other obvious factors,there are two major factors you need to consider when making such a comparison.

1-Price per Terahash
2-Watts per Terahash

Now depending on a few factors , power consumption in many cases is the most important factor and based on that, and assuming the S17E does 64th at 2880w i see no reason why it shouldn't be selling for 3.5k or even 4k despite the fact that the M20s does sell for a lot cheaper, those 500w difference are worth a lot to many people , and to be honest 64th at 2880w is a freaking beast, I doubt any other company will get to that efficiency by year end.

Another reason is that to me, bitmain in the mining industry is like Apple in the mobile phone industry, they always get away with selling over priced products just because of their brand name.

I think my 1 liner resonates with point #1 in your reply.  The M20S has a higher hash rate and a lower price than what we speculated the the S17E price would be.  Is 4TH/s @ ~500 watts worth it?  Probably not for most, but it also hasn’t been reviewed yet either.  So there is a chance that gap can be closed a bit.

I agree with you that it’s a beast with those stats.  Bitmain was able get away with top dollar because nobody was able to get close to them in terms of #1 & #2 in your post.  But I think MicroBT will be a formidable competitor and I think they have demonstrated that with the M10S & M20S.  As long as they remain competitors, we all win.

[mikeywith]

Let's try another way of doing the math

S17E > 45w/th
M20s > 48w/th

3w per TH difference, let's take a medium scale farm with say 1000th , that is 3kwh difference, say you pay 6 cents per kwh , that is  about 130$ a month or 1560$ a year ( not that big of a deal to be honest  )

now let's price difference, the M20s 64th sells for 3200$ in China (from resellers) with "early September shipping"  , now let's speculate on what bases would anyone want to pay more for the S17E provided it ships around the same period.

M20s > 47$ per TH
S17e > if 47$ per TH that means it will sell for 3011$ ( unlikely)

let's assume they will sell it for 3500$ , or 54$ per TH , that is 448$ more for 64 th > ((54$-47$) * 64th)  in order to save 64*3w = 192wh , or 8$ per month if you pay 6 cents per kw , so you will need 56 months to ROI the price difference ! that does not make any sense to be honest  

for those who pay more than just 6 cents per kw, it makes more sense to pay even more than just 3.5k , for large players 3w less per TH is a lot of money saved , if it takes 3 or 6 months to get back the price difference that should not be a problem to most people.

but let's wait and see what price will they ask for.

[philipma1957]

Maybe bitmain is ready to do battle and price it low.  They have done this many other times.

Maybe they sell it for 2500 and undercut all the dec preorders.

They have done this in the past they would sell a shit ton of them if they did this.

If they have a lot of them in stock I think they may surprise with a lower price.

pangolin offers the m20s 68t in ten days for 3950
they offer the m20s in Jan for 2615.

if bitmain  wants to put a hurt on them and offers the s17e  for 2500 in Nov  it would basically  shut down all of pangolin's sales

[digital$]

factor in difficulty adjustments and ROI window becomes even wider.  no risk on manufacturers and all on you/us as miners.  BTC halving+next gen gears soon to drive difficulty much higher...don't be suckers, prepare for the coming bloodbath!!