Bitmain Introduces the S19 and S19 Pro

[philipma1957]

I am waiting but I am not looking to buy anytime soon.

[favebook]

Bitmain is currently working on home page of their International and Russian website and miners are disappearing and coming back from time to time (which might indicate that S19s and S19s Pro are soon going to be open for sale.

Everything on international and Russian website of Bitmain has been sold out and deleted from home page as of now.

This is how Russian website looks now (and how international one looke a few minutes before I posted this reply):

[philipma1957]

you had s17 pros available ?

[favebook]

you had s17 pros available ?

Sadly, nope! I would've already bought them if they were available.

They were just sitting there with other 17 generation miners. And it said on each of them "TBD" or "Price is being specified"(if you translate Russian website).

[OgNasty]

I am waiting but I am not looking to buy anytime soon.

With the current exchange rate collapse, I wouldn’t feel like buying an S19 is a good idea now either. Hopefully another miner advancement such as the S19 along with the block reward halving will spur some of the larger mining farms into pouring a lot of fresh cash into Bitcoin in order to upgrade. It’s hard to envision a scenario where an early S19 purchase would be better than waiting for lower prices and a higher exchange rate.

[favebook]

Actually, I think it is worth buying it as soon as it comes out. Bitmain will be forced to lower the prices due to current recession and they will probably pump up those prices if BTC spikes again. However, waiting for S21(presumably) is another good option.

Personally, I would buy at least 2 S19s but I am unable since Bitcoin tanked and I have to save cash as we are currently in quarantine in our country.

[AlecMe]

Actually, I think it is worth buying it as soon as it comes out. Bitmain will be forced to lower the prices due to current recession and they will probably pump up those prices if BTC spikes again. However, waiting for S21(presumably) is another good option.

Personally, I would buy at least 2 S19s but I am unable since Bitcoin tanked and I have to save cash as we are currently in quarantine in our country.

Regarding the above, if they do like Innosilicon (the Inno A10 went from $2600 to $2800 and now $3000), they might just put the price slightly up due to partial people at work (or any other excuse). At least for anything new being manufactured and not the ones already made.

Also, https://www.tomshardware.com/uk/news/tsmc-5nm-chip-production-process-technology , the 5nm chip production line has been fully booked  ; guess S21 will come at a high price to encourage the previous stock to be purchased?

[mikeywith]

Actually, I think it is worth buying it as soon as it comes out. Bitmain will be forced to lower the prices due to current recession and they will probably pump up those prices if BTC spikes again. However, waiting for S21(presumably) is another good option.

That is not just "probably" that's for sure but with the halving around the corner, I rather buy/keep bitcoin as opposed to buying miners, the reason is simply put the halving will negatively affect the S19 and either positively affect BTC or do nothing at all.

I took a great risk of buying gears during last year's bear market, and it worked very well, I explained more in details here, the situation now, however, is completely different.

1- The virus and the overall condition we have.

If for some reason my city is hit by the virus and I am forced to stay home due to mandatory quarantine, it will be impossible for me to go the farm when needed, imagine having 5*S19s that cost you 15k or 3 BTC sitting 30km away, and they need a simple reset or the circuit breaker trips and you can't even go out.

Also with all the mess we have, there is a good chance that prices will dip lower

2- The halving.

I wouldn't be buying a single gear before the halving, 53 days to go assuming sales start in April, I get the gears a week later, 1 month to mine before the halving is not even close to being "Enough", and unless Bitcoin price doubles, gear prices will and MUST go down.

For the time being, my plan is simple, cash-out enough to survive, keep some fiat in case we dip any lower so that I can buy more cheap bitcoin, accumulate some bitcoin for the long term.

[philipma1957]

Yeah this is a good point  my 2ph sha-256 and 11gh L3+ are 57 miles from my house.  My host/partner is in food distribution so he can go to the warehouse every day. but  if there is a major issue  all he can do is turn gear on and off.

I am happy I don't have 10x s19 pros on order.

We have 1 s17+ it was due to ship in early march.

All the gear is paid off we can turn it off and wait for the shit to stop hitting the fan if we have to do this.

I still see BTC doing better then USD the next 2 months to 6 months.  rather then the other way around.

At the moment my ratios are

 gear heavy
 debt low
 coins low
 cash medium.

not perfect but could be worse.

[mikeywith]

I got a sneak peek on the first batch date as well as prices, May 10 to 20  for the first batch, price is $2100 for S19 and 2900 for S19 pro.

I am 99% certian my source is reliable, in fact they are so confident that they started to take pre-orders starting from today.

What do you guys think of these prices given they are post-halving.

[favebook]

I got a sneak peek on the first batch date as well as prices, May 10 to 20  for the first batch, price is $2100 for S19 and 2900 for S19 pro.

I am 99% certian my source is reliable, in fact they are so confident that they started to take pre-orders starting from today.

What do you guys think of these prices given they are post-halving.

That is not a sneak peek, but rather almost exact information. Miners are up for sale on Chinese website.
Prices are very close to what you said as well as dates (they are shipping right on halving dates).

Also, internationally, they will be selling soon but big miners can already contact them and get offers.

I will be updating OP as soon as they release prices for international sale.

[philipma1957]

I see only 1 speed for the pro thus I consider these to be shit gear.

The 17e was well over rated watts
The 17+  breaks a lot.

At 2900 for a one speed unit I won't be buying any of the gear.

Never mind 2900 price for May 30 shipping.

[MoparMiningLLC]

I agree that for that price for a delivery date AFTER halving is insane. and not having options for controlling the speed is another "doh" moment.

Sadly, many will buy these, difficulty will climb and those of us who use older gear will get left behind with diminishing profits.

Though, I am glad to see this next coming diff drop. will be refreshing to see it go the other way for once.

That being said, I have sold half my T17's so hoping to sell the other half soon so I can buy 2100 non pro version. It is at least still better efficiency and looks to be 800 less than the pro version, though 15 th less as well.

Or maybe I dont sell the other T17s and just keep those going - though after halving, unless price goes up considerably they will no longer be profitable. I dont want to exit mining but its gonna be a tough field to be in unless some things change.

[freddy2020]

I always thought the pricing would land over 3000 for the S19, I guess the bad market and unexpected events have completely changed the outlook for mining sales in 2020.

It will be interesting to see how many of the S19 thst Bitman will be able to produce and put into the market place.

S19 starts feeling like another S15 dont you think?

[MoparMiningLLC]

agreed. I need there to be a miner that sticks around like the S9 did...

[freddy2020]

I felt that the S17 and M20S was the new flagships. I mean S19 is amazing, it almost feels like Bitmain and MicroBt is killing the market for themselfes a bit.

It is not always easy to interpret the Chinese and their price setting or production mentality.

I agree the S9 edition felt exactly like the iphone 4, mass produced, stable and very good engineered and marketed hardware.

Entering into the 5nm and 3nm feels so immature for the market.

Looking forward to hear the outside China price for the S19 units. It should be around 30% off, that is normal?

[fccs]

Yea they are on damn crack thinking $2900 lmao.  Anyone who buys this gear at that price I feel no sympathy for when you most likely get screwed.  So essentially $3000+ for something that at CURRENT market (Not even talking about after halving which would have to be double what it is now JUST TO BE THE SAME as current earnings) brings in like $2-3 a day.  You would need to really really be uneducated on essentially everything to buy at this price.

[MoparMiningLLC]

Yea they are on damn crack thinking $2900 lmao.  Anyone who buys this gear at that price I feel no sympathy for when you most likely get screwed.  So essentially $3000+ for something that at CURRENT market (Not even talking about after halving which would have to be double what it is now JUST TO BE THE SAME as current earnings) brings in like $2-3 a day.  You would need to really really be uneducated on essentially everything to buy at this price.

well if I had one today - at current diff/btc price i would bring in about $10.50 a day with about 4.30 for electric so just around $6 per day profit.

once the market is flooded with them - it will drop fast unless btc price climbs.

[mikeywith]

That is not a sneak peek, but rather almost exact information. Miners are up for sale on Chinese website.
Prices are very close to what you said as well as dates (they are shipping right on halving dates).

Ok seems like my source got the shipping date off by 1 day, and actual prices now are  $2928 for the pro (off by $28), and the S19 is $2184 (off by $84), or maybe that price is for bulk orders, I know bitmain does that, are you aware of when the prices were listed on the Chinese website? because last I checked there were not there.

Also, internationally, they will be selling soon...

I am not sure if that will happen, it's a Chinese culture to give the other Chinese a lead especially when supply is somehow limited, the fact that they started to take orders from Chinese miners/resllers prior to the international website makes me think they don't have enough S19/S19 pros to deliver for the first batch.

I see only 1 speed for the pro thus I consider these to be shit gear.

This and the fact that you can't even remotely guess the profitability by the end of May, you got the virus and the halving, those two combined make me hesitate about buying any mining gear.

Also, I have always opposed the idea of putting so many eggs in one basket, despite its efficiency I rather have 2-3 S17 pro to 1 S19 pro, if you lose a control board or a PSU, you will have a 110th sitting there for weeks doing nothing if you lose a hash board after running for a month or so, that's a $1000 loss, big rich players might not care about this, but to the average miner like myself, that makes a lot of difference.

[philipma1957]

... once the market is flooded with them - it will drop fast unless btc price climbs.

And you think they will flood the market with them.

No way  they simply won't sell well at all.

The s17 pros on low speed do 35-36 watts a th.

these claim to do 29 watts a th with only 1 speed.

all the 1 speed s17+, s17e ,t17e, t17+  ran poorly.  Only morons will buy this gear.  It is going to sit and not sell well.