Bitmain S2 vs Spondoolies SP10

[philipma1957]

Buy 2 of the evga 1300 watt psus 400 usd .  So for 1732 usd I am hashing on fri the 9th at 1.2 th using 2400 watts

You are doing it wrong! For 2400watts you could be hashing at 2.8Th.

yes I could but my upfront cash is 1700 vs 3200 that is 1500 usd difference

2.4kwatts cost me 9 usd a day.  1 sp10 is 1.2kwatts   so I have to spend 1500 usd extra for the same hash and a savings of 1.2k-watts

 or 1500 usd more and save 1.2 kwatts or 4.50 usd for power vs 9 usd for power.   1500 usd divide by 4.50 = 333 days

so for me to go ahead cash wise and make up for the power if both setups start today.  my s-1 x 6 will take 333 days to spend the usd saved over buying the sp10.   both machine are losers unless btc price jumps.

So buy 6 s-1's 2 evga's for 1750   today  not 1 sp10.

Your machine puts me about 1500usd in the hole and make me wait to hash.



Now the guy that said buy 1 s-1 use the 400 dollar coupon for an s-2 has a good idea.

I end up with 1.2th at about 1400 watts.  I spend about 2500.  this is  700 less then the sp10.

the watt difference is about 200

 1400 vs 1200   that is 75 or 80 cents a day  so in about 1000 days the sp10 catches up to this idea.   and obvious btc price needs to be huge.

So Any way you cut it. buying the sp10 on preorder is not as good as all s-1 or s-1 plus  s-2

without a huge btc jump in fiat.

This is comparing ice fury usb sticks vs ant miner u-1's  the ice fury was great gear that simply cost too much and took to long to get.

The u-1 sticks crushed the ice fury on the market.

But sell me a sp10 at 2k with a cc or pp  get it to me in under 4 days it is the hands down winner.

BTW one can argue to host a dragon miner at 1th using paypal as the best of all deals today. instant hash no work and you have paypal protection for 45 days if you used a cc with paypal your protection is for 60 days. If you time the order. like I did.  I have 50 days to pay with zero interest.

So I have 1th hashing since april 20th.  I charged it one day after my paypal cc statement came.  so  that statement is due on the 12th of may.  but the 2800 usd charge is not on it.  the charge will come one the mat 19th paypal bill I don have to pay that until june 12th.

So I have 1th hashing for  about 50 days before I pay it at all.

That is a better deal the the s2 the s-1 the sp10.

https://bitcointalk.org/index.php?topic=576844.msg6296463#msg6296463

so if you time your paypal cc right I argue do this.

[whonesta]

SP10 is not 0.7W/GH

So, what it is then?

Its .7w/gh at lowest speed (1th) at 1.45TH my 2 are each pulling ~1325-1350w.

HOW??  are you getting 1350W from an Emerson DS1050-3?  Specs are 87A @ 12V = 1044W. I can not find the answer anywhere in threads, how are people getting 1.4+ TH/s out of a 1050W PSU..

I would love to buy a few, but the math does not add up. Are these rigs upgraded to the DS1200?

[kendog77]

Buy 2 of the evga 1300 watt psus 400 usd .  So for 1732 usd I am hashing on fri the 9th at 1.2 th using 2400 watts

You are doing it wrong! For 2400watts you could be hashing at 2.8Th.

yes I could but my upfront cash is 1700 vs 3200 that is 1500 usd difference

2.4kwatts cost me 9 usd a day.  1 sp10 is 1.2kwatts   so I have to spend 1500 usd extra for the same hash and a savings of 1.2k-watts

 or 1500 usd more and save 1.2 kwatts or 4.50 usd for power vs 9 usd for power.   1500 usd divide by 4.50 = 333 days

so for me to go ahead cash wise and make up for the power if both setups start today.  my s-1 x 6 will take 333 days to spend the usd saved over buying the sp10.   both machine are losers unless btc price jumps.

So buy 6 s-1's 2 evga's for 1750   today  not 1 sp10.

Your machine puts me about 1500usd in the hole and make me wait to hash.



Now the guy that said buy 1 s-1 use the 400 dollar coupon for an s-2 has a good idea.

I end up with 1.2th at about 1400 watts.  I spend about 2500.  this is  700 less then the sp10.

the watt difference is about 200

 1400 vs 1200   that is 75 or 80 cents a day  so in about 1000 days the sp10 catches up to this idea.   and obvious btc price needs to be huge.

So Any way you cut it. buying the sp10 on preorder is not as good as all s-1 or s-1 plus  s-2

without a huge btc jump in fiat.

This is comparing ice fury usb sticks vs ant miner u-1's  the ice fury was great gear that simply cost too much and took to long to get.

The u-1 sticks crushed the ice fury on the market.

But sell me a sp10 at 2k with a cc or pp  get it to me in under 4 days it is the hands down winner.

BTW one can argue to host a dragon miner at 1th using paypal as the best of all deals today. instant hash no work and you have paypal protection for 45 days if you used a cc with paypal your protection is for 60 days. If you time the order. like I did.  I have 50 days to pay with zero interest.

So I have 1th hashing since april 20th.  I charged it one day after my paypal cc statement came.  so  that statement is due on the 12th of may.  but the 2800 usd charge is not on it.  the charge will come one the mat 19th paypal bill I don have to pay that until june 12th.

So I have 1th hashing for  about 50 days before I pay it at all.

That is a better deal the the s2 the s-1 the sp10.

https://bitcointalk.org/index.php?topic=576844.msg6296463#msg6296463

so if you time your paypal cc right I argue do this.

This is very good analysis. I've done similar math and come up with numbers that show that it will take me around 1 year for a S2 or SP10 to be a better deal than just buying S1s plus power supplies and paying a higher electricity bill to power the S1s.

[solarion]

Agreed. The s1 is still king.

The people that prize form over function(and positive ROI) can have their sp10's and s2's.

[gallery2000]

WTF these are bitcoin miners, as long as they do their job as specced who cares what they look or "feel" like?

Here we go again.

How do they do their job when you need to carry a dozen of SD cards and replace every time you need to reboot?

You need to pray also, I forgot it.

Remember to pray to the all mighty hemaphrodite.

[Bicknellski]

S2 already in Norway next day!

Oslo to DataCenter could take longer lol!

[RoadStress]

SP10 doesn't come trashed like S2:

The lulz worthyness of buying an S2 and it being shipped to Sydney (via Melbourne) which is probably a lot closer than anyone in the USA?

Oh well, not a single board survived in place:
http://198.245.60.111/Pix/20140509125727-S2FirstOpen.jpg
(yes the left one is simply out of the socket as can be seen below, but the right one is right out)

And ... 7 out of 10 "PCI" backbone connectors are bent
http://198.245.60.111/Pix/20140509130144-S2Lulz.jpg

Note this was provided to me by someone who paid the usual online ordering but had it shipped to me direct.
It was NOT provided by bitmain.

Gonna be fun putting this together ... sigh.

[Angela8488]

SP10 is more suitable for installation in the engine room inside, but its price is too expensive! Even if Bitcoin prices back to $ 1000, your investment will not be fully recovered, even without considering the electricity cost.

[RoadStress]

SP10 is more suitable for installation in the engine room inside, but its price is too expensive! Even if Bitcoin prices back to $ 1000, your investment will not be fully recovered, even without considering the electricity cost.

And the price of S2 is better? It's actually more $/GH than the SP10. And with S2 you get this:

You'll need to RMA your current S2 back to bitmain and they will send a replacement out to you. Could take 2 or more weeks.

This is an ongoing issue with Bitmain in general. I too was just hit with a failed part, and the turn around on failed product WILL result in serious loss in mining payouts. There is an advantage to going with Bitmain for mining hardware, however due to their support on hardware with issues, you need to factor in as serious losses in revenue .

[bit_wizard]

S2 already in Norway next day!

Oslo to DataCenter could take longer lol!

Nice brag!

[philipma1957]

SP10 is more suitable for installation in the engine room inside, but its price is too expensive! Even if Bitcoin prices back to $ 1000, your investment will not be fully recovered, even without considering the electricity cost.

And the price of S2 is better? It's actually more $/GH than the SP10. And with S2 you get this:

You'll need to RMA your current S2 back to bitmain and they will send a replacement out to you. Could take 2 or more weeks.

This is an ongoing issue with Bitmain in general. I too was just hit with a failed part, and the turn around on failed product WILL result in serious loss in mining payouts. There is an advantage to going with Bitmain for mining hardware, however due to their support on hardware with issues, you need to factor in as serious losses in revenue .

Oh yeah dead bitmain gear you get fucked on the rma.  that is pretty true.  Takes a long time for replacement.  they ask for a deposit .  Happened to me.

 But a usa dealer sent me an s-1 upfront no cash no coin.  I sent him the dead one.  Since he is a big dealer he handled the rma for me.  So I only lost 4 days mining but no replacement deposit.

Thank you to bobsag3.

Oh I came up with a model that makes the sp10 a clear winner.  btc stays dead flat 400 to 475 usd a coin.

Diff jumps like mad from the current 8 to 22 really fast. 2 or 3 jumps

Then diff stays dead flat 2 to 5 %   a jump for 8 months.

The sp10 and the sp30 would rock with that model.   better then the s-1 or the s-2.

[solarion]

SP10 is more suitable for installation in the engine room inside, but its price is too expensive! Even if Bitcoin prices back to $ 1000, your investment will not be fully recovered, even without considering the electricity cost.

And the price of S2 is better? It's actually more $/GH than the SP10. And with S2 you get this:

You'll need to RMA your current S2 back to bitmain and they will send a replacement out to you. Could take 2 or more weeks.

This is an ongoing issue with Bitmain in general. I too was just hit with a failed part, and the turn around on failed product WILL result in serious loss in mining payouts. There is an advantage to going with Bitmain for mining hardware, however due to their support on hardware with issues, you need to factor in as serious losses in revenue .

Oh yeah dead bitmain gear you get fucked on the rma.  that is pretty true.  Takes a long time for replacement.  they ask for a deposit .  Happened to me.

 But a usa dealer sent me an s-1 upfront no cash no coin.  I sent him the dead one.  Since he is a big dealer he handled the rma for me.  So I only lost 4 days mining but no replacement deposit.

Thank you to bobsag3.

Hey now, don't go mentioning the s1 again. The spondoolie heads are busily pretending it doesn't exist.

[philipma1957]

SP10 is more suitable for installation in the engine room inside, but its price is too expensive! Even if Bitcoin prices back to $ 1000, your investment will not be fully recovered, even without considering the electricity cost.

And the price of S2 is better? It's actually more $/GH than the SP10. And with S2 you get this:

You'll need to RMA your current S2 back to bitmain and they will send a replacement out to you. Could take 2 or more weeks.

This is an ongoing issue with Bitmain in general. I too was just hit with a failed part, and the turn around on failed product WILL result in serious loss in mining payouts. There is an advantage to going with Bitmain for mining hardware, however due to their support on hardware with issues, you need to factor in as serious losses in revenue .

Oh yeah dead bitmain gear you get fucked on the rma.  that is pretty true.  Takes a long time for replacement.  they ask for a deposit .  Happened to me.

 But a usa dealer sent me an s-1 upfront no cash no coin.  I sent him the dead one.  Since he is a big dealer he handled the rma for me.  So I only lost 4 days mining but no replacement deposit.

Thank you to bobsag3.

Hey now, don't go mentioning the s1 again. The spondoolie heads are busily pretending it doesn't exist.

But if you look up 1 post my fast jump to diff of 22/25 (under 30 days)  

then really slow diff jump for 8 months makes the sp10 & sp30 a winner


Love the quality of the sp10  but my ice fury usb sticks were far better then ant miner u-1 sticks.

I made a lot of money selling u-1's  I got crushed selling ice furies.

 

[RoadStress]

SP10 is more suitable for installation in the engine room inside, but its price is too expensive! Even if Bitcoin prices back to $ 1000, your investment will not be fully recovered, even without considering the electricity cost.

And the price of S2 is better? It's actually more $/GH than the SP10. And with S2 you get this:

You'll need to RMA your current S2 back to bitmain and they will send a replacement out to you. Could take 2 or more weeks.

This is an ongoing issue with Bitmain in general. I too was just hit with a failed part, and the turn around on failed product WILL result in serious loss in mining payouts. There is an advantage to going with Bitmain for mining hardware, however due to their support on hardware with issues, you need to factor in as serious losses in revenue .

Oh yeah dead bitmain gear you get fucked on the rma.  that is pretty true.  Takes a long time for replacement.  they ask for a deposit .  Happened to me.

 But a usa dealer sent me an s-1 upfront no cash no coin.  I sent him the dead one.  Since he is a big dealer he handled the rma for me.  So I only lost 4 days mining but no replacement deposit.

Thank you to bobsag3.

Hey now, don't go mentioning the s1 again. The spondoolie heads are busily pretending it doesn't exist.

Anything with 1W/GH or more shouldn't be on the miners radar imo now, but it's everyone's choice how they fill their power circuits.

[solarion]

Power consumption is such an overblown issue. People horribly overpay for slightly better power consumption, which makes very little difference in profitability over the life of these products. Sure, an sp10 is awesome vs an avalon at 9+ watts/gh, but when you're talking about small efficiency improvements it's just not worth paying a bunch more up front.

Improving the S1's power efficiency significantly is not very difficult either if one chooses to do so. There are threads around with detailed directions and photos to help. Just making blanket statements like 1w/gh or more shouldn't be considered is absurd, though you're welcome to your own opinion. The only thing that should matter is getting your investment back and making a positive ROI. For most poeple that's more likely to occur sooner with an s1(or 6) than either an s2 or a spondoolie.

[whonesta]

I would say looking @ S2 to SP10 is NOT an argument, SP10 is better choice hands down. The S1 GH/$ now is a good topic for comparison.

In my power grid residential costs $0.08/KWh, commercial $0.18/KWh

In a residential install it would take 181 days for the SP10 to eat away the price difference per GH.

In a commercial collocation it would take 80 days for the SP10 to eat the difference.

S1 is clear winner IF you are installing in residential, SP10 would have my vote for install @ collocation

[klondike_bar]

right now, a rough estimate shows that:

S1: 0.5BTC, can mine about 1.0BTC total in ~3 months, using about $250 in power.

SP10: ~12BTC, can mine about 16BTC in ~7 months, using about $1500 in power

at BTC= $500 the respective profits are negligible, about breakeven (0%) and ~1BTC (6%) respectively.
at BTC = $2000 the respective profits are 0.375BTC (75%) and 3.25BTC (30%) respectively.

If you are bullish on BTC prices, then the Antminer S1 has a tremendous capability to bring in a profit, similar to when the first asics came out but GPUs were still profitable.

[Bicknellski]

S2 already in Norway next day!

Oslo to DataCenter could take longer lol!

Nice brag!

LOL... it be better if Oslo to DC was same time frame. Have to wait til Monday! Argggh! It is a 4 hour drive to the DC from Oslo and they couldn't do on Friday!

I bought both. SP30 and S2. At this point I think it is important to support both companies given we do not have a lot of other viable choices. There is little between them. I am willing to risk buying Bitmain even if there are some issue with RMA given they ship fast. I am willing to risk on buying Spondoolies later for August because the SP30s are a tremendous product.

Personally I don't see this as a competition as long as people stop funding HashFast, BFL, KnC, Cointerra etc then the community will be better off in the longer term. At this point there is little to choose between Bitmain and Spondoolies. Can't go too wrong either way and if there is an advantage to Bitmain it is slight at these current BTC prices.

[RoadStress]

But trust me, better go for larger machines in smaller quantities... 

'Nuff said!

[solarion]

But trust me, better go for larger machines in smaller quantities...  

'Nuff said!

Hardly. I'll take the rats nest and a positive ROI thanks.

...actually I have a rats nest and a positive ROI.