[Antminer S1] Sharing of ROI status?

[Xer0]

Paypal will take your side and force the seller to refund, because of the "buyer protection".
There is no "seller protection", btw.

here in germany we have seller protection
but it seems to protect only against chargeback fraud and not-received claims

paypal mostly takes buyer position even if its unjust. and the seller pays fees for that. shit system

[1714940116]

1714940116

[1714940116]

1714940116

[1714940116]

1714940116

[MrTeal]

I've been keeping tracking of mine by using a separate address for each batch on Eligius. These stats include paid and unpaid shares up to 6pm GMT Feb 07. They do not include shelved shares (approx 3%) that could be paid out in the future, or NMC paid out (which pays about half the electricity cost).

First Order: 2.2BTC (coupon adjusted from 2.4BTC), placed Jan 11th. Earned 0.92195611BTC, remaining 1.27804389BTC
Second Order: 2.0BTC (coupon adjusted from 2.2BTC), placed Jan 15th. Earned 0.734062416BTC, remaining 1.265937584BTC
Third Order: 1.9BTC, placed Jan 19th. Earned 0.591175885BTC, remaining 1.308824115BTC

Additional costs are $20/unit for power supplies, $10/unit for brokerage/tax, $15/unit for power distribution (networked PDU and 30A 240V outlet/breaker), and let's say $5/unit for networking gear.

As I said, about 1/2 the power costs are covered by the merged mined NMC, but that could quickly change.
I am still estimating them all reaching break even by the end of March.

I thought I'd update this, since according to the other threads residents of Canada are receiving their late Jan - early Feb orders at 1.45BTC today and it's a nice comparison of ordering earlier vs waiting to order after the 1.45 price drop. It's measured to about 9pm GMT on Feb 12th.

First Order: 2.2BTC (coupon adjusted from 2.4BTC), placed Jan 11th. Earned 1.09321419BTC, remaining 1.10678581BTC
Second Order: 2.0BTC (coupon adjusted from 2.2BTC), placed Jan 15th. Earned 0.906989094BTC, remaining 1.093010906BTC
Third Order: 1.9BTC, placed Jan 19th. Earned 0.76658842BTC, remaining 1.13341158BTC

Note that luck at Eligius has been pretty poor since I started, and I'm at ~95-96% PPS with about 0.05BTC in shelved shares per unit that may or may not be paid out.
Even with the poor luck, the earlier purchases have less to pay off than the 1.45 from units ordered after the 28th and shipped Feb 8th-10th.

[disclaimer201]

Help me if I'm doing it wrong, but at current low BTC price it will take over one year with a slightly overclocked Antminer to get back the BTC I have to pay to get one.

I live in Germany. I have the option to buy one for 1499 Euros at Amazon or 1699 Euro (ebay) or equivalent in BTC if I want one in the next few days and don't want to pay and wait extra for customs.

At 500 Euros per BTC at Bitcoin.de (optimistic to actually get 500 right now) the miner would cost roughly 3 Bitcoins. When I run mining calculations at btcinvest.net and take a conservative view, use 420 Watts of power overclocked, expect a 20% jump each diff adjustment, take 5% price increase of BTC/USD per jump it will take til summer to ROI in USD value and over a year to ROI in BTC. I'm much better off buying more bitcoins at a bargain for 500 Euros, am I not?

[loshia]

Help me if I'm doing it wrong, but at current low BTC price it will take over one year with a slightly overclocked Antminer to get back the BTC I have to pay to get one.

I live in Germany. I have the option to buy one for 1499 Euros at Amazon or 1699 Euro (ebay) or equivalent in BTC if I want one in the next few days and don't want to pay and wait extra for customs.

At 500 Euros per BTC at Bitcoin.de (optimistic to actually get 500 right now) the miner would cost roughly 3 Bitcoins. When I run mining calculations at btcinvest.net and take a conservative view, use 420 Watts of power overclocked, expect a 20% jump each diff adjustment, take 5% price increase of BTC/USD per jump it will take til summer to ROI in USD value and over a year to ROI in BTC. I'm much better off buying more bitcoins at a bargain for 500 Euros, am I not?

Of course you are!
I have written a lot in his tread especially about roi but I was blamed to be a trol.
As I told many times we are forced to choose the better from the worst deals around. An the only thing left is to struggle for roi. Ants is the best deal but there is plenty of room for price reduction. And it will never make roi.it is obvious that he can not scale with installation so I wish him to keep his chips in a safe place away from mining
The big issue is that regular business is making 20-30% profit, but all chip suppliers want at least 50-100 times profit for their chip. I have had enough with nre cost bulshit. Let them keep their chips and their miner. For instance with imaginary cost of 0.5 btc there will be a plenty of room for manufacturer profit which he deserves and some hope for us to make a bug but that is what is called greed

[palawan]

Help me if I'm doing it wrong, but at current low BTC price it will take over one year with a slightly overclocked Antminer to get back the BTC I have to pay to get one.

I live in Germany. I have the option to buy one for 1499 Euros at Amazon or 1699 Euro (ebay) or equivalent in BTC if I want one in the next few days and don't want to pay and wait extra for customs.

At 500 Euros per BTC at Bitcoin.de (optimistic to actually get 500 right now) the miner would cost roughly 3 Bitcoins. When I run mining calculations at btcinvest.net and take a conservative view, use 420 Watts of power overclocked, expect a 20% jump each diff adjustment, take 5% price increase of BTC/USD per jump it will take til summer to ROI in USD value and over a year to ROI in BTC. I'm much better off buying more bitcoins at a bargain for 500 Euros, am I not?

Don't mix your purchase price methods.  If your purchase price is fiat, stay fiat.  If it's btc, it's btc.

Last price for the miner is 1.45btc, but it's currently sold out.  That is what you have to earn back.  My 2 miners cost me a total of 5.05btc, and I've earned over 3btc so far, so I have less than 2 btc's left to earn which I estimate will be less than 25 days, regardless of what btc/fiat is.

If your purchase price is fiat  1499 Euros, that is what you have to earn back.  It the miner makes 1 btc in 30 days and 1 btc is worth 1499 Euros, did you make ROI?  yes you did because your purchase price is 1499 Euro's.


Then you start mixing purchase of btc's.  Yes, you can buy 3 btc's right now.  That is a totally unrelated investment same as buying twitter stock.  If you purchase 3 btc's right now and in 30 days same as above btc goes up, woo hoo.  But what if btc goes to 200 Euro's in 30 days?  See?  unrelated investments.  Just like if I say twitter stock goes up in 30 days and you could have purchased x amount of twitter with your 1499 Euros.

[smooth]

Absolutely it is.  Key point #1: Stay far far away from pre-orders.

This. I have two of the 4.25 S1's about to go +ROI, and some later ones that will probably get there as well.

[nairb131]

I had 4 @ 4.25BTC. They mined 14.5BTC up to first week of February and then I sold them and the power supplies on eBay.

[warhawk187]

My army of 17 Antminers bought in 4 batches over the course of December/January have paid off for sure, considering I won one in an raffle. Thank you again sushi, #1 most reliable shipper I've met on this forum. Buying 4-5 at a time certainly made ROI easier to match with difficulty changes, but even now at their current price and their very power hungry nature, hard to justify buying anything right now that ships more than a month away, thats more efficient in terms of wattage/Gh/s, with many new faces in the industry now with actual working products. This time, last year it was literally just 2-3, now we have over a dozen, and more on the way so I hope this allows the prices to drop as a result.

[bitcoin_miner]

For ROI, about 3-4 months invest will back

[dropt]

Just thought I'd update and say that my S1 units have finally reached a complete BTC->BTC ROI.  It took a couple of weeks longer than projected due to poor luck at BTCGuild, but otherwise it's all gravy from here on out.

[bitcoin_miner]

using antiminer s1, everyday about  0.01-0.02 BTC

[MrTeal]

I've been keeping tracking of mine by using a separate address for each batch on Eligius. These stats include paid and unpaid shares up to 6pm GMT Feb 07. They do not include shelved shares (approx 3%) that could be paid out in the future, or NMC paid out (which pays about half the electricity cost).

First Order: 2.2BTC (coupon adjusted from 2.4BTC), placed Jan 11th. Earned 0.92195611BTC, remaining 1.27804389BTC
Second Order: 2.0BTC (coupon adjusted from 2.2BTC), placed Jan 15th. Earned 0.734062416BTC, remaining 1.265937584BTC
Third Order: 1.9BTC, placed Jan 19th. Earned 0.591175885BTC, remaining 1.308824115BTC

Additional costs are $20/unit for power supplies, $10/unit for brokerage/tax, $15/unit for power distribution (networked PDU and 30A 240V outlet/breaker), and let's say $5/unit for networking gear.

As I said, about 1/2 the power costs are covered by the merged mined NMC, but that could quickly change.
I am still estimating them all reaching break even by the end of March.

I thought I'd update this, since according to the other threads residents of Canada are receiving their late Jan - early Feb orders at 1.45BTC today and it's a nice comparison of ordering earlier vs waiting to order after the 1.45 price drop. It's measured to about 9pm GMT on Feb 12th.

First Order: 2.2BTC (coupon adjusted from 2.4BTC), placed Jan 11th. Earned 1.09321419BTC, remaining 1.10678581BTC
Second Order: 2.0BTC (coupon adjusted from 2.2BTC), placed Jan 15th. Earned 0.906989094BTC, remaining 1.093010906BTC
Third Order: 1.9BTC, placed Jan 19th. Earned 0.76658842BTC, remaining 1.13341158BTC

Note that luck at Eligius has been pretty poor since I started, and I'm at ~95-96% PPS with about 0.05BTC in shelved shares per unit that may or may not be paid out.
Even with the poor luck, the earlier purchases have less to pay off than the 1.45 from units ordered after the 28th and shipped Feb 8th-10th.

First Order: 2.2BTC (coupon adjusted from 2.4BTC), placed Jan 11th. Earned 2.21205773BTC
Second Order: 2.0BTC (coupon adjusted from 2.2BTC), placed Jan 15th. Earned 2.026430436BTC
Third Order: 1.9BTC, placed Jan 19th. Earned 1.903669895BTC

This doesn't include a small amount earned on backup pools, as well as an average of 0.163BTC per unit in unpaid shares at Eligius. It also doesn't count merged mined namecoins. Since mid January each unit has used ~672kWh of electricity, with a cost of ~$80 or 0.138BTC at current rates.
Breakeven reached after ~70 days.

[precrime3]

Is this mining BTC straight up or on a multipool? it seems there are plenty of sha 256 coins that are more profitable than bitcoin it seems.

[f430]

I think I misplaced a decimal point calculating things going into this mining project
I'm showing .012 to .015 BTC per day is that normal?

Thank you

[smooth]

I think I misplaced a decimal point calculating things going into this mining project
I'm showing .012 to .015 BTC per day is that normal?

Thank you

Non overclocked S1 should be about 0.018 right now

[f430]

I think I misplaced a decimal point calculating things going into this mining project
I'm showing .012 to .015 BTC per day is that normal?

Thank you

Non overclocked S1 should be about 0.018 right now

I am doing something wrong then?
I just setup on ghash.io
Stratus difficulty was at 512, I just changed to 256 today maybe that will make a difference?
Thank you

[smooth]

I think I misplaced a decimal point calculating things going into this mining project
I'm showing .012 to .015 BTC per day is that normal?

Thank you

Non overclocked S1 should be about 0.018 right now

I am doing something wrong then?
I just setup on ghash.io
Stratus difficulty was at 512, I just changed to 256 today maybe that will make a difference?
Thank you

How are you calculating your daily return?

Even with ghash.io being one of the largest pools they still have daily variance in payouts and I think they also don't pay out at the same time each day.

As it happens I have exactly one S1 on ghash.io (set to autopay daily) and the most recent payouts are:

0.0153
0.0212
0.0155
0.0240

As you can see there is quite a difference.

[giletto]

Paypal will take your side and force the seller to refund, because of the "buyer protection".
There is no "seller protection", btw.

here in germany we have seller protection
but it seems to protect only against chargeback fraud and not-received claims

paypal mostly takes buyer position even if its unjust. and the seller pays fees for that. shit system

Of course the buyer pay the fee for everything like ebay fee, paypal fee or postage. A simple calculation.

[f430]

I think I misplaced a decimal point calculating things going into this mining project
I'm showing .012 to .015 BTC per day is that normal?

Thank you

Non overclocked S1 should be about 0.018 right now

I am doing something wrong then?
I just setup on ghash.io
Stratus difficulty was at 512, I just changed to 256 today maybe that will make a difference?
Thank you

How are you calculating your daily return?

Even with ghash.io being one of the largest pools they still have daily variance in payouts and I think they also don't pay out at the same time each day.

As it happens I have exactly one S1 on ghash.io (set to autopay daily) and the most recent payouts are:

0.0153
0.0212
0.0155
0.0240

As you can see there is quite a difference.

Thank you for the reference
I have not done a payout yet, and am coming up on my first week of mining there.  I merely take the BTC balance and divide by the number of days.  Doing that I am at 0.015.  I see your average is .019.  I feel I am leaving .004 - .005 on on the table every day, and can't figure out how.  My worker one day stats average is always above 200, currently it is 200.24 Gh/s

Do I have to tell it to not to namecoin or other things in my setup somewhere?
Is my difficulty set to 256 proper?  I was getting the same results at 512.

Thank you

[palawan]

I think I misplaced a decimal point calculating things going into this mining project
I'm showing .012 to .015 BTC per day is that normal?

Thank you

Non overclocked S1 should be about 0.018 right now

I am doing something wrong then?
I just setup on ghash.io
Stratus difficulty was at 512, I just changed to 256 today maybe that will make a difference?
Thank you

How are you calculating your daily return?

Even with ghash.io being one of the largest pools they still have daily variance in payouts and I think they also don't pay out at the same time each day.

As it happens I have exactly one S1 on ghash.io (set to autopay daily) and the most recent payouts are:

0.0153
0.0212
0.0155
0.0240

As you can see there is quite a difference.

Thank you for the reference
I have not done a payout yet, and am coming up on my first week of mining there.  I merely take the BTC balance and divide by the number of days.  Doing that I am at 0.015.  I see your average is .019.  I feel I am leaving .004 - .005 on on the table every day, and can't figure out how.  My worker one day stats average is always above 200, currently it is 200.24 Gh/s

Do I have to tell it to not to namecoin or other things in my setup somewhere?
Is my difficulty set to 256 proper?  I was getting the same results at 512.

Thank you

Try BTCGuild.  I mined at ghash for about 1 day and wasn't happy with the results.  This was a while back, though, around beginning of January...