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

[goozman96]

@BITMAIN: your site's security score is an F!
https://www.ssllabs.com/ssltest/analyze.html?d=bitmaintech.com

THIS NEEDS TO BE FIXED ASAP

[Bitkoinzz]

My prediction. $900 for the S3. And Dont forget you will need a 750 watt PSU  with 4xPCI connectors even if the S3 is only using 400-500 watts.Thats another $100+ minimum. $1000 total to get S3 up and running. Bet.

[Bitkoinzz]

Anyone fancy a bet about pricing?
Simple bet with small satoshi deposits. Main prize will go to who ever will guess s3 price.


I like this idea.

[Biodom]

Based on everything i've seen and calculated, S3 should be priced at MAXIMUM 0.85-0.9 BTC
Anything else-it will NOT make any BTC return and this is a fact.

What I think you fail to see is that that price doesn't always matter for the bitcoin hobbyist who just wants to buy a miner, an S3 in this situation. I'm sure the ROI people appreciate your speculation, though.

You clearly only see miners as an ROI object (most do), you need to understand not everybody is like you, though. Remember buying something just for the sake of buying an item? Example, people buy go-karts to tinker with, that's their money and their right to do whatever they want with it. Who are you to shun people away just because their product may not ROI? I appreciate you making this aware to people who are looking for ROI and do not understand ROI.

I have overpaid for a miner that will not ROI because I wanted the miner. I wanted to play with it, tweak and do what nerds do. So yes, I will pay for a small loss for the experience of getting to have a miner to tinker with.

I dig that, but you don't need more than one (of a kind) for this purpose  

[Bitkoinzz]

My prediction. $900 for the S3. And Dont forget you will need a 750 watt PSU  with 4xPCI connectors even if the S3 is only using 400-500 watts.Thats another $100+ minimum. $1000 total to get S3 up and running. Bet.

Also I think the S3 will be the new S1, it will be good for a long time with resale value high. Everybody is gonna want these things. Bigtime.

[Biodom]

My prediction. $900 for the S3. And Dont forget you will need a 750 watt PSU  with 4xPCI connectors even if the S3 is only using 400-500 watts.Thats another $100+ minimum. $1000 total to get S3 up and running. Bet.

What sense does it make if you get 1Th for 2K when s2 is 1Th for $1.45K?

[teeGUMES]

anything over 1 BTC would have been fine when we were sitting at 450 USD per BTC. Right now it seems these should be right around 0.9 per.

[goozman96]

@BITMAIN: your site's security score is an F!
https://www.ssllabs.com/ssltest/analyze.html?d=bitmaintech.com

THIS NEEDS TO BE FIXED ASAP

Shoot them a PM and maybe their support an email.

Edit: Gah, testing my own and I'm an A-. Gotta get that fixed!

I've sent a PM. I had sent a support email a few months ago but it was never acted upon.

[philipma1957]

My prediction. $900 for the S3. And Dont forget you will need a 750 watt PSU  with 4xPCI connectors even if the S3 is only using 400-500 watts.Thats another $100+ minimum. $1000 total to get S3 up and running. Bet.

I don't want your bet since I don't want to take your money but that price is too high since rk-box goes for 600 usd .

I spent a lot of time analyzing just how much better the s-3 is over the rk-box.  I get 50 to 110 usd better.

If bitmaintech lists at 900 it will only help to sell the rk-box for 600.

[s1lverbox]

#######################################################
Guess antminer S3 price and win some  BTC
#######################################################


Look here: https://bitcointalk.org/index.php?topic=659691

[Talium]

Based on everything i've seen and calculated, S3 should be priced at MAXIMUM 0.85-0.9 BTC
Anything else-it will NOT make any BTC return and this is a fact.

What I think you fail to see is that that price doesn't always matter for the bitcoin hobbyist who just wants to buy a miner, an S3 in this situation. I'm sure the ROI people appreciate your speculation, though.

You clearly only see miners as an ROI object (most do), you need to understand not everybody is like you, though. Remember buying something just for the sake of buying an item? Example, people buy go-karts to tinker with, that's their money and their right to do whatever they want with it. Who are you to shun people away just because their product may not ROI? I appreciate you making this aware to people who are looking for ROI and do not understand ROI.

I have overpaid for a miner that will not ROI because I wanted the miner. I wanted to play with it, tweak and do what nerds do. So yes, I will pay for a small loss for the experience of getting to have a miner to tinker with.

Waldohoover, you hit a good point, but I do not think that the bitcoin hobbyist is their largest market share.  There is also an overwhelming focus on $/GH within the community, regardless of which side of the coin you come up on, you can see it prevalent in all the manufactures advertisement/announcement posts on this forum.  Based off this it would lead one to believe that even the hobbyist wants a good $/GH coupled with low power consumption.

Besides wouldn't the true bitcoin hobbyist be wrapped up in the open source AM project right now?  Wouldn't the S3 just be a side note until it comes down from its wildly overpriced introduction?  Not all hobbyists are made of bitcoin either eh?

[Bitkoinzz]

#######################################################
Guess antminer S3 price and win some  BTC
#######################################################


Look here: https://bitcointalk.org/index.php?topic=659691

very cool

[iglasses]

My prediction. $900 for the S3. And Dont forget you will need a 750 watt PSU  with 4xPCI connectors even if the S3 is only using 400-500 watts.Thats another $100+ minimum. $1000 total to get S3 up and running. Bet.

What sense does it make if you get 1Th for 2K when s2 is 1Th for $1.45K?

It makes a lot more sense when you can't get an S2 because they are EOL.
I agree that 1k sounds high though.  I'm a Bitmaintech guy but at that price I would be ordering the same number of S3's as I have of S2's (0).
This would be so much easier if they would just tell us how much they will be!

[Slaine]

Are we there yet? I'm getting bored already.  

The S3 is worth whatever people will pay for it, unfortunately there are always people that are willing to pay over the odds for new shiny things.

Realistically I'd pay around 0.75 BTC, any more and it just wouldn't be worth it for me.

[s1gs3gv]

Yeah, we're there. Lets be practical. If the S3 sells for more BTC than it can  mine @ 18% diff increases, then lets not buy it.

There has to be some incentive in it for the miner.

OK ?

[faetos]

Yeah, we're there. Lets be practical. If the S3 sells for more BTC than it can  mine @ 18% diff increases, then lets not buy it.

There has to be some incentive in it for the miner.

OK ?

NEVER!!! That makes too much sense!!!

[Flying Hellfish]

Yeah, we're there. Lets be practical. If the S3 sells for more BTC than it can  mine @ 18% diff increases, then lets not buy it.

There has to be some incentive in it for the miner.

OK ?

Unfortunately that's not how real world economics work, ASIC manufacture's have figured this out but the people haven't.

Simply put: In a market with imperfect data, price is determined by the most optimistic (STUPID) investors.  

BTC is the poster child of imperfect data: Electrical costs vary greatly, difficulty rate increase estimations vary, did I break even in terms of BTC or fiat, reliability of vendor and shipping time, extremely short term skew of supply vs demand.

The Asic manufacture's understand that with sooooo much guessing going into ROI calculations that they simply need to find a number that enough stupid people will buy up everything they produce.  Anything less than this is leaving money on the table and not smart business.

[googlemaster1]

Yeah, we're there. Lets be practical. If the S3 sells for more BTC than it can  mine @ 18% diff increases, then lets not buy it.

There has to be some incentive in it for the miner.

OK ?

Unfortunately that's not how real world economics work, ASIC manufacture's have figured this out but the people haven't.

Simply put: In a market with imperfect data, price is determined by the most optimistic (STUPID) investors.  

BTC is the poster child of imperfect data: Electrical costs vary greatly, difficulty rate increase estimations vary, did I break even in terms of BTC or fiat, reliability of vendor and shipping time, extremely short term skew of supply vs demand.

The Asic manufacture's understand that with sooooo much guessing going into ROI calculations that they simply need to find a number that enough stupid people will buy up everything they produce.  Anything less than this is leaving money on the table and not smart business.

Yeah, although I have to say, at 2 TH/S that I've bought since March/April, I ROI'd post power costs a few days ago, and its all bitmain equipment, so I mean, they ARE doing something right.  You just can't be one of the dumb sheep spending an extra .1 or $400 when ROI is doubtful.  In an industry like this, mining a small amount of coin makes sense if you already hold a decent amount of btc, but as an investment in and of itself its pretty nonsensical.  Why invest thousands of dollars in equipment that you can't sell in an instant sell on an exchange if something happens that you think will ruin btc.  You will be left with a paperweight.  At least with bitcoin, you could still get out of the trade and perhaps jump back in if/when the dust settles.

Spending any money on bitcoin mining is way riskier, and honestly miners should demand, and buy based on a 60-120 day ROI schedule.  60 being 5-10% diff increases and 120 being 20% every cycle.  Anything more than this is absolute bullshit and miners should not have to take that risk.

[Biodom]

Yeah, we're there. Lets be practical. If the S3 sells for more BTC than it can  mine @ 18% diff increases, then lets not buy it.

There has to be some incentive in it for the miner.

OK ?

Unfortunately that's not how real world economics work, ASIC manufacture's have figured this out but the people haven't.

Simply put: In a market with imperfect data, price is determined by the most optimistic (STUPID) investors.  

BTC is the poster child of imperfect data: Electrical costs vary greatly, difficulty rate increase estimations vary, did I break even in terms of BTC or fiat, reliability of vendor and shipping time, extremely short term skew of supply vs demand.

The Asic manufacture's understand that with sooooo much guessing going into ROI calculations that they simply need to find a number that enough stupid people will buy up everything they produce.  Anything less than this is leaving money on the table and not smart business.

Most miners already figured it out.

http://www.youtube.com/watch?v=uOoXwxqeVzg

[s1gs3gv]

So what are the bets on the introductory S3 price and do you think we'll have some new coupons in our Bitmain accounts next week ?