ANN: BITMAIN has Tested Its 28nm Bitcoin Mining Chip BM1382

[mdude77]

S3 is still too expensive, especially when delivery is not immediately.
I hope they will release coupons soon !

At the moment, what other device under 1BTC is a better price than AntMiner s3?  It may not be the perfect price for ROI but I can't seem to find anything better.  Please post other options in the 500GH range.

Really like the simplicity of AntMiners with only a network cable and 2 power plugs.  My 2 s1's run none stop without issues.  The new s3 looks sexy with the new cover.


BTCBTC
DoubleDD

Tell you what.  Sent me 1.5 BTC.  Over the course of the next 2 months I'll send you 1.3 BTC back.  I think it's quite the deal, you'll probably do better than you would with an S3, and no noise or electric bill!

The address is in my sig.

M

[1715643513]

1715643513

[1715643513]

1715643513

[1715643513]

1715643513

[mindtrip]

Stay on topic go spam someplace else no one wants to enter your raffle we want to talk about the S3 not scamming people into buying your raffle tickets

and the winner is number ?

Back to topic.

  I was wondering if  anyone got a coupon or if anyone has ordered in batches 1 and 2.

I am hoping I get it around July  9  10 or 11    as sometimes it comes early.

I have ordered batch 1 and 2 still no shipping confirmations yet

[oskuro]

Stay on topic go spam someplace else no one wants to enter your raffle we want to talk about the S3 not scamming people into buying your raffle tickets

and the winner is number ?

Back to topic.

  I was wondering if  anyone got a coupon or if anyone has ordered in batches 1 and 2.

I am hoping I get it around July  9  10 or 11    as sometimes it comes early.

I have ordered batch 1 and 2 still no shipping confirmations yet

Well they said batch 1 ships 10th july and 2nd batch 2-3 days later. Hope its sooner im from batch 2

[rograz]

Unlikely, as long as the urban myth regarding an explosion in BTC/fiat exchange rate lives. People will run them at a loss hoping someday to turn their new bitcoin dust into crisp $100 bills.

Past history points towards people shutting down hardware when the profit becomes to small (on average). Running hardware at a loss is moronic unless you for some reason can't acquire BTC any other way or running some interesting side game!

[Syke]

the 18% diff jump should be correct over long term.

Only for a few more months. 6-12 months out, we'll be seeing under 18% jumps regularly.

[kendog77]

the 18% diff jump should be correct over long term.

Only for a few more months. 6-12 months out, we'll be seeing under 18% jumps regularly.

Unless the value of BTC goes up significantly in the short term, there is no possible way we'll see 18% difficulty jumps regularly from this point forward. The S3 is already under $1/GH, and we're rapidly reaching the point where hardware companies can't sell any lower and still make a profit.

I strongly suspect that we'll see a glut of mining hardware on the market in Q3 that hardware manufacturers can't sell at a profit, which will lead to consolidation and some companies folding.

Also, don't look now, but we're on track for a difficulty decrease for the next difficulty adjustment! I still expect that to change to a small increase (under 5%). KNC obviously pre-mined with the Neptune, and I suspect Bitmain is doing the same with the S3, so much of that hardware is already factored into the current difficulty.

https://bitcoinwisdom.com/bitcoin/difficulty

[Biodom]

Come September, S3 would feel quite inadequate, unless it becomes dirt cheap. Bitmain needs to accelerate S4 development (undervolted BM1382 chips), similar in form factor to S2. However, even at 2Th/s, S4 would need to sell at no more than $1700 in September to be competitive as Sp-30 would be at 6th for ~5400 (with shipping). This is such a brutal game...

[allcoinminer]

S3 is still too expensive, especially when delivery is not immediately.
I hope they will release coupons soon !

At the moment, what other device under 1BTC is a better price than AntMiner s3?  It may not be the perfect price for ROI but I can't seem to find anything better.  Please post other options in the 500GH range.

Really like the simplicity of AntMiners with only a network cable and 2 power plugs.  My 2 s1's run none stop without issues.  The new s3 looks sexy with the new cover.


BTCBTC
DoubleDD

Tell you what.  Sent me 1.5 BTC.  Over the course of the next 2 months I'll send you 1.3 BTC back.  I think it's quite the deal, you'll probably do better than you would with an S3, and no noise or electric bill!

The address is in my sig.

M

If all brilliant people do this, then the difficulty will decrease, price will increase or stays here at least due to buying pressure.
Since difficulty is decreasing the fool miners will continue mining, mine more coins, they will get huge ROI.
That's the miner will have more coins and good price. Holders will only get the benefit of price increase. So, Miners, the Fools, Won!
The equilibrium between the above is what now is happening.

[Biodom]

I strongly suspect that we'll see a glut of mining hardware on the market in Q3 that hardware manufacturers can't sell at a profit, which will lead to consolidation and some companies folding.

Would you care to elaborate on this? This is difficult to ascertain, in my opinion because we don't have their profitability numbers. I just hope that the scammiest, lying companies will not survive. People in mining are incredibly forgiving, even stupidly so.

[oskuro]

Well im sure that they earn a lot / S3


batch 1 lasted just a few hours or 1 day i think, and batch 2 its unlimited? 

[aztecminer]

Suggestion for good power supply for s3

thanks

Suggestion for good power supply for s3

thanks

I will use my 2 corsair CX750M that im using right now with 2 S1.

366W S3 without overclock, so no problem if you overclock, you have 750W and a very good PSU like Corsair.

How much W S3 overclocked?? 488W?

I will use my 2 corsair CX750M that im using right now with 2 S1.

366W S3 without overclock, so no problem if you overclock, you have 750W and a very good PSU like Corsair.

How much W S3 overclocked?? 488W?

As per the datasheet values below, S3 can be overclocked to 504Ghs and further to 554Ghs.
The stock clock speed is set in between 225M and 250M and voltage per chip lies in between 0.72Vand 0.75V per chip (366W/S3).
When overclocking to 504Ghs it will be consuming around 390W at 250M Clockspeed.
And when overclocking to 554Ghs the clock speed might be 275M and power consumption around  488Watts.
Further overclocking may not be possible, everything lies in finding the sweet spot frequency.
Take a look at DC-DC converters, they are a lot in nos, do you have any idea? Even this new chip consumes lower voltage than S1.

S3 Datasheet Values
Voltage(V) | Hash Rate(GH/s) | Current(A) | Total power(W) | W/GH
0.72                14.18                 10.40             7.49             0.528
0.75                15.75                 12.24             9.18             0.583
0.80                17.33                 15.20            12.16            0.702
0.85                17.33                 20.00            17.00            0.981

i think is good 554Ghs @ 488watts.... means my fleet of rm1000 psu's can still run two oced S3 ants like they do now with the S1 ants.

[kendog77]

I strongly suspect that we'll see a glut of mining hardware on the market in Q3 that hardware manufacturers can't sell at a profit, which will lead to consolidation and some companies folding.

Would you care to elaborate on this? This is difficult to ascertain, in my opinion because we don't have their profitability numbers. I just hope that the scammiest, lying companies will not survive. People in mining are incredibly forgiving, even stupidly so.

Without a technological breakthrough, ~.5W/GH looks to be about the limit using current technology, and we're rapidly approaching the point where multiple companies have fairly equivalent hardware (Bitmain, KNC, Spondoolies, and Bitfury). Future power efficiency improvements are going to be very hard to come by.

There are fixed costs associated with all miners for things like heatsinks, fans, power supplies, PCBs, board components, chips, manufacturing, and shipping, so there is a lower limit on miner pricing.

We know that Bitmain was able to make a profit when they sold the S1 at ~$250, and I suspect they can do the same with the S3, which would put the bottom floor cost of a S3 at around .5$/GH.

Spondoolies sold the SP30 at .69$/GH for the Roadstress group buy, and they have said multiple times that they won't sell hardware at a loss in SP10 discussions, so I strongly suspect their SP30 costs are around .5$/GH.

S3 ROI numbers look iffy at $1/GH and a ~17B difficulty, so who is going to buy all this new hardware at a 34B or 51B difficulty if the price to manufacture the hardware is ~.5$/GH?

Unless the price of BTC goes up, I think we're rapidly reaching the point where it no longer makes economic sense to manufacture new hardware, and will reach that point in Q4.

[kendog77]

Also, note that I'm not the only one who thinks this way.

Carlson told CoinDesk:

“I perceive that there is going to be a large surplus of manufactured hash power. With so many teams and companies rushing into the space, they’re manufacturing more hash power than individuals can put up by building mines. What I think is going to come of that is that the new commodity won’t be access to mining equipment. It’s access to power.”

http://www.coindesk.com/megabigpower-launches-global-franchisee-network-add-50phs-per-month-bitcoin-network/

[DimensionsOfHell]

Whats going to end up happening is that no manufacturers will be selling hardware anymore. They will produce crude hardware for as cheap as they can, and build their own infrastructure and mine with it them selves.

All these companies making money off of us now will be the only ones left running the bitcoin network. Someday they may pressure the Devs to increase the tx fee's so they can profit more, eventually becoming like credit cards, and defeating the whole purpose of decentralized currency.

Who knows, anything can happen right?

[ZiG]

Also, note that I'm not the only one who thinks this way.

Carlson told CoinDesk:

“I perceive that there is going to be a large surplus of manufactured hash power. With so many teams and companies rushing into the space, they’re manufacturing more hash power than individuals can put up by building mines. What I think is going to come of that is that the new commodity won’t be access to mining equipment. It’s access to power.”

http://www.coindesk.com/megabigpower-launches-global-franchisee-network-add-50phs-per-month-bitcoin-network/

VERY TRUE...!

The biggest challenge ahead will be the POWER WALL ...as I mention in this forum 2-3 months ago...

Cheers,

ZiG

[kendog77]

Also, note that I'm not the only one who thinks this way.

Carlson told CoinDesk:

“I perceive that there is going to be a large surplus of manufactured hash power. With so many teams and companies rushing into the space, they’re manufacturing more hash power than individuals can put up by building mines. What I think is going to come of that is that the new commodity won’t be access to mining equipment. It’s access to power.”

http://www.coindesk.com/megabigpower-launches-global-franchisee-network-add-50phs-per-month-bitcoin-network/

VERY TRUE...!

The biggest challenge ahead will be the POWER WALL ...as I mention in this forum 2-3 months ago...

Cheers,

ZiG

It would be interesting if someone could create a chart showing the amount of power required to mine one Bitcoin over time, which keeps going up. I'm sure the Jupiter I was running 8 months ago, or the S1 I was running 6 months ago, used significantly less power to earn one bitcoin than the S3 will use to earn a bitcoin when it is finally delivered.

[aztecminer]

it took me three days to finally get caught up reading this entire thread. shipping of batch 2 in third week of july ?? maybe i will get my order in before shipping starts. i am a slow mover buying new hardware since i don't use mined coins to buy new hardware.. instead i must wait on coinbase to convert my new usd currency into bitcoins which takes me five days .

[Biodom]

I strongly suspect that we'll see a glut of mining hardware on the market in Q3 that hardware manufacturers can't sell at a profit, which will lead to consolidation and some companies folding.

Would you care to elaborate on this? This is difficult to ascertain, in my opinion because we don't have their profitability numbers. I just hope that the scammiest, lying companies will not survive. People in mining are incredibly forgiving, even stupidly so.

Without a technological breakthrough, ~.5W/GH looks to be about the limit using current technology, and we're rapidly approaching the point where multiple companies have fairly equivalent hardware (Bitmain, KNC, Spondoolies, and Bitfury). Future power efficiency improvements are going to be very hard to come by.

There are fixed costs associated with all miners for things like heatsinks, fans, power supplies, PCBs, board components, chips, manufacturing, and shipping, so there is a lower limit on miner pricing.

We know that Bitmain was able to make a profit when they sold the S1 at ~$250, and I suspect they can do the same with the S3, which would put the bottom floor cost of a S3 at around .5$/GH.

Spondoolies sold the SP30 at .69$/GH for the Roadstress group buy, and they have said multiple times that they won't sell hardware at a loss in SP10 discussions, so I strongly suspect their SP30 costs are around .5$/GH.

S3 ROI numbers look iffy at $1/GH and a ~17B difficulty, so who is going to buy all this new hardware at a 34B or 51B difficulty if the price to manufacture the hardware is ~.5$/GH?

Unless the price of BTC goes up, I think we're rapidly reaching the point where it no longer makes economic sense to manufacture new hardware, and will reach that point in Q4.

Well make the wall .5 watts  
 
 the lowest power prices are 6 or 7 cents a k-watt  make btc at 700 usd   so with that in mind . when diff reaches  

447g  vs the  16.8 g it is now   .  no one can make any money.

If you believe this is going to continue   btc will have to be higher then 700usd  by feb 2015.

maybe 1400 usd by feb 2015 or no gear is not worth buying

if bitcoin truly takes off, mining equipment (or 240v hookups and 300A panel) plus a small solar panel (2-5kw) might be included in some new housing construction.
I agree with the calculations, but it all depends on the price. With $2000 BTC tomorrow, antminer s1 will be flying off ebay at $400 and above and people will be fighting for preorders again.

[philipma1957]

I strongly suspect that we'll see a glut of mining hardware on the market in Q3 that hardware manufacturers can't sell at a profit, which will lead to consolidation and some companies folding.

Would you care to elaborate on this? This is difficult to ascertain, in my opinion because we don't have their profitability numbers. I just hope that the scammiest, lying companies will not survive. People in mining are incredibly forgiving, even stupidly so.

Without a technological breakthrough, ~.5W/GH looks to be about the limit using current technology, and we're rapidly approaching the point where multiple companies have fairly equivalent hardware (Bitmain, KNC, Spondoolies, and Bitfury). Future power efficiency improvements are going to be very hard to come by.

There are fixed costs associated with all miners for things like heatsinks, fans, power supplies, PCBs, board components, chips, manufacturing, and shipping, so there is a lower limit on miner pricing.

We know that Bitmain was able to make a profit when they sold the S1 at ~$250, and I suspect they can do the same with the S3, which would put the bottom floor cost of a S3 at around .5$/GH.

Spondoolies sold the SP30 at .69$/GH for the Roadstress group buy, and they have said multiple times that they won't sell hardware at a loss in SP10 discussions, so I strongly suspect their SP30 costs are around .5$/GH.

S3 ROI numbers look iffy at $1/GH and a ~17B difficulty, so who is going to buy all this new hardware at a 34B or 51B difficulty if the price to manufacture the hardware is ~.5$/GH?

Unless the price of BTC goes up, I think we're rapidly reaching the point where it no longer makes economic sense to manufacture new hardware, and will reach that point in Q4.

Well make the wall .5 watts  
 
 the lowest power prices are 6 or 7 cents a k-watt  make btc at 700 usd   so with that in mind . when diff reaches  

447g  vs the  16.8 g it is now   .  no one can make any money.

If you believe this is going to continue   btc will have to be higher then 700usd  by feb 2015.

maybe 1400 usd by feb 2015 or no gear is not worth buying

if bitcoin truly takes off, mining equipment (or 240v hookups and 300A panel) plus a small solar panel (2-5kw) might be included in some new housing construction.
I agree with the calculations, but it all depends on the price. With $2000 BTC tomorrow, antminer s1 will be flying off ebay at $400 and above and people will be fighting for preorders again.

  yep and price has had a history of big runups..    under 100 in sept to more then 1100 in nov  and 11x jump from 650 usd to 7100 usd would make all gear good again well .

 Any gear at 2 watts would be decent if price runs up.  I move slow now no more jumping in  I get 2 packs or 4 packs of gear.  I make and effort to stay under 600 usd worth of btc.

I made an exception buying the s-3's since I spent about 940 usd worth of btc for 2 of them , but I created a solid paper trail   of:

 bank account > coinbase> my btc address > bitmaintech.    I will not buy more until I get these in my hands and they work. 

So my next order may not be until Aug 1st.  more likely July 15th - 20th

[alexrossi]

S3 is still too expensive, especially when delivery is not immediately.
I hope they will release coupons soon !

Damn guys, a couple of days ago we have talked about 0.99 as "super cheap, probably bitmain will never do it on launch", price was been even lower and there is still someone really pissed off