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

[AbiTxGroup]

Hmm, you'd think I would have noticed that by now.

What exactly is activity?

M

The way activity is calculated:
Quote from: theymos on June 18, 2013, 02:44:42 PM
The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)

Activity is updated every 30 minutes.

the above is from https://bitcointalk.org/index.php?topic=178608.0

[cxboyminer]

Damn my ant S1 is consuming around 0.17BTC per month on electricity Any way to use less power but still ROi?

That's a lot of electricity, or really expensive!  I'm using about 0.06 BTC a month.

Im just running the S1 @ frequency 400 (200GH/s). I just realised HK has a high electricity fee?

[aztecminer]

I think that miners has to focus like a laser on what's the most important-highest ROI and drive manufacturers to provide one through the power of our purse (don't get on on sucky deals). If it is a hobby (and I respect this very much), then every new hardware is exciting as well.

The focus is certainly not on the highest ROI,  typically there will be a claim about some marvelous power efficiency, then the bottom line will be the miner still draws several hundred watts. Overclocking is FOTM not underclocking, and that's whats driving up the difficulty spoiling it for all. The first thing I want to know about the S3 is can you get a good underclock happening like you could with the S1 and the pencil mod? 0.75v VDD core strikes me as a bit high. ASICminer are talking 0.55v with their 40nm offering.

 

yeah this gear if it comes at .8 watts at the plug for 500gh is nice .  but if I can down clock to 400gh and pull 240 or 200 watts it is every bit as good as the s-1 is.

I have made my mind up to not buy it at the first offering. I have 3 s-1's doing 420gh and 560watts   on underclock/under volt pencil mods  I think I am waiting for the kits.  Now if antminer contacts me and offers me some special deal /discount/ coupon code I may buy it.

 Diff has shown it will explode so I am thinking two  25% jumps are coming.  I am not sure I want to buy into the teeth of that.  I can sit back and wait to see if btc goes up to 700 or  800 usd.

I'm also a bit afraid of the massive 20+% diff jump plus government auctioning 30,000 BTC. For some reason it doesn't feel like the right moment to get in.

i am going to disagree with you two and here is why .. the current tax rules by the IRS in the usa is that mined coins are taxed as income at the value of bitcoin at the time the coins are mined, and then if you hold those coins for more than one year then your taxes are capital gains tax. What that means is that a low bitcoin value is the BEST time to get in. Waiting for bitcoin to increase in value before mining is a bad call imo unless u do not believe that bitcoin will continue to increase in value in future. or u are mining to sell ur bitcoins immediately and don't mind paying more in taxes. I think it is best to mine bitcoin all the time (although bitcoin value = low = best time to mine bitcoin). just my opinion about that. and with that all said i agree with philip in that i do not know when i will buy S3 but I do know I will be buying a few for sure.

[HorseRider]

Are there any photos or layouts of the upgrade kits for the S1/S2, is it true the S2 could be upgraded to do 2Th/s?

That's the theory right now, but nothing has been released, AFAIK, other than the drawing in the OP.

I don't think S2 upgrades are that high on their priority list tbh, will be a month or two before they bother offering upgrades for them, simply doesn't make sense to upgrade the S2s yet.

S2 will be profitable to mine in the next two months, and it will be perfect time to upgrade then.

[alexrossi]

Are there any photos or layouts of the upgrade kits for the S1/S2, is it true the S2 could be upgraded to do 2Th/s?

That's the theory right now, but nothing has been released, AFAIK, other than the drawing in the OP.

I don't think S2 upgrades are that high on their priority list tbh, will be a month or two before they bother offering upgrades for them, simply doesn't make sense to upgrade the S2s yet.

S2 will be profitable to mine in the next two months, and it will be perfect time to upgrade then.

Upgrade in two months must be really cheap to have sense (but i'm still thinking that if bitmain will give it for free but will charge a DHL shipping, the upgrade will be worthless)

[dlowings]

I think that miners has to focus like a laser on what's the most important-highest ROI and drive manufacturers to provide one through the power of our purse (don't get on on sucky deals). If it is a hobby (and I respect this very much), then every new hardware is exciting as well.

The focus is certainly not on the highest ROI,  typically there will be a claim about some marvelous power efficiency, then the bottom line will be the miner still draws several hundred watts. Overclocking is FOTM not underclocking, and that's whats driving up the difficulty spoiling it for all. The first thing I want to know about the S3 is can you get a good underclock happening like you could with the S1 and the pencil mod? 0.75v VDD core strikes me as a bit high. ASICminer are talking 0.55v with their 40nm offering.

 

yeah this gear if it comes at .8 watts at the plug for 500gh is nice .  but if I can down clock to 400gh and pull 240 or 200 watts it is every bit as good as the s-1 is.

I have made my mind up to not buy it at the first offering. I have 3 s-1's doing 420gh and 560watts   on underclock/under volt pencil mods  I think I am waiting for the kits.  Now if antminer contacts me and offers me some special deal /discount/ coupon code I may buy it.

 Diff has shown it will explode so I am thinking two  25% jumps are coming.  I am not sure I want to buy into the teeth of that.  I can sit back and wait to see if btc goes up to 700 or  800 usd.

I'm also a bit afraid of the massive 20+% diff jump plus government auctioning 30,000 BTC. For some reason it doesn't feel like the right moment to get in.

i am going to disagree with you two and here is why .. the current tax rules by the IRS in the usa is that mined coins are taxed as income at the value of bitcoin at the time the coins are mined, and then if you hold those coins for more than one year then your taxes are capital gains tax. What that means is that a low bitcoin value is the BEST time to get in. Waiting for bitcoin to increase in value before mining is a bad call imo unless u do not believe that bitcoin will continue to increase in value in future. or u are mining to sell ur bitcoins immediately and don't mind paying more in taxes. I think it is best to mine bitcoin all the time (although bitcoin value = low = best time to mine bitcoin). just my opinion about that. and with that all said i agree with philip in that i do not know when i will buy S3 but I do know I will be buying a few for sure.

You are working on the assumption that the value of Bitcoin will go up… That is 100% speculation .. Per what the original poster stated, with the pending auction the value of BTC is being speculated to go down . Cant say one way or the other at this point… This auction brings up a very important flaw in Bitcoin.. Personally I don't think the FEDs should have the right to auction this off.. I think that the future system needs a way to FLAG coins that are obtained by nefariouse means, and those coins should be put back into the block reward system .. Thats just my opinion .

[dlowings]

Are there any photos or layouts of the upgrade kits for the S1/S2, is it true the S2 could be upgraded to do 2Th/s?

That's the theory right now, but nothing has been released, AFAIK, other than the drawing in the OP.

I don't think S2 upgrades are that high on their priority list tbh, will be a month or two before they bother offering upgrades for them, simply doesn't make sense to upgrade the S2s yet.

S2 will be profitable to mine in the next two months, and it will be perfect time to upgrade then.

I have to disagree. I have several, and with the difficulty climbing this fast you would be shocked to see how slow they bring in reward .. I'm telling you all right now… The 500 GH's system was the wrong move for Bitmain to be focused on .. Whoever made that move should be let go ..

[aztecminer]

I think that miners has to focus like a laser on what's the most important-highest ROI and drive manufacturers to provide one through the power of our purse (don't get on on sucky deals). If it is a hobby (and I respect this very much), then every new hardware is exciting as well.

The focus is certainly not on the highest ROI,  typically there will be a claim about some marvelous power efficiency, then the bottom line will be the miner still draws several hundred watts. Overclocking is FOTM not underclocking, and that's whats driving up the difficulty spoiling it for all. The first thing I want to know about the S3 is can you get a good underclock happening like you could with the S1 and the pencil mod? 0.75v VDD core strikes me as a bit high. ASICminer are talking 0.55v with their 40nm offering.

 

yeah this gear if it comes at .8 watts at the plug for 500gh is nice .  but if I can down clock to 400gh and pull 240 or 200 watts it is every bit as good as the s-1 is.

I have made my mind up to not buy it at the first offering. I have 3 s-1's doing 420gh and 560watts   on underclock/under volt pencil mods  I think I am waiting for the kits.  Now if antminer contacts me and offers me some special deal /discount/ coupon code I may buy it.

 Diff has shown it will explode so I am thinking two  25% jumps are coming.  I am not sure I want to buy into the teeth of that.  I can sit back and wait to see if btc goes up to 700 or  800 usd.

I'm also a bit afraid of the massive 20+% diff jump plus government auctioning 30,000 BTC. For some reason it doesn't feel like the right moment to get in.

i am going to disagree with you two and here is why .. the current tax rules by the IRS in the usa is that mined coins are taxed as income at the value of bitcoin at the time the coins are mined, and then if you hold those coins for more than one year then your taxes are capital gains tax. What that means is that a low bitcoin value is the BEST time to get in. Waiting for bitcoin to increase in value before mining is a bad call imo unless u do not believe that bitcoin will continue to increase in value in future. or u are mining to sell ur bitcoins immediately and don't mind paying more in taxes. I think it is best to mine bitcoin all the time (although bitcoin value = low = best time to mine bitcoin). just my opinion about that. and with that all said i agree with philip in that i do not know when i will buy S3 but I do know I will be buying a few for sure.

You are working on the assumption that the value of Bitcoin will go up… That is 100% speculation .. Per what the original poster stated, with the pending auction the value of BTC is being speculated to go down . Cant say one way or the other at this point… This auction brings up a very important flaw in Bitcoin.. Personally I don't think the FEDs should have the right to auction this off.. I think that the future system needs a way to FLAG coins that are obtained by nefariouse means, and those coins should be put back into the block reward system .. Thats just my opinion .

that's right i am speculating that the value of bitcoin will increase in the future. when i say future i mean 1+ years after a coin is mined. i speculate that precious metals will increase in value in the future too because i believe they are manipulated down atm. and i speculate that the usd reserve currency is on deathbed too (and i have many reasons why i think this). if i did not speculate in these things then i might be a fool with a bunch of money in the stock market because i would believe what the janet yellen @federalreserve tells me to believe that the us and world economy is doing great. unfortunately i just do not believe her. bitcoin is going to have to handle this kind of 30k bitcoin auctions by us marshalls situations. if the 30k auction causes bitcoin to dip then that means we will pay less income tax on our bitcoins mined while the bitcoin value is lower. you seem to be worrying that bitcoin will crash and die because the marshalls sold 30k bitcoins.. if they sell them then that means someone bought them.  imo the current economic situation requires us to speculate in things because if u leave ur money in cash usd reserve currency then u speculating that the usd reserve currency is going to maintain it's value. if you do not have faith that usd reserve currency will maintain its value then one must speculate and convert that usd reserve currency into something else that you do speculate will hold or increase in value. like buying miners for example.

[dropt]

Personally I don't think the FEDs should have the right to auction this off.. I think that the future system needs a way to FLAG coins that are obtained by nefariouse means, and those coins should be put back into the block reward system .. Thats just my opinion .

IMO that's a ridiculous proposition.  Who's going to be the "governing" body on what constitutes coins obtained by nefarious means, and how do you guarantee that the holder of the coins was the one who perpetrated the nefarious act?

[dlowings]

Mining metals and mining virtual coins are two different things in the realm of to totally different dimensions . on has tangible physical value and the other does not . you can't sell the future of one by touting the demand for the other. I wouldn't be so quick to write off the dollar .. I hope that BTC has a successful future, but I'm not going to fall into the trap of thinking the kings new clothes are so wonderful .. There is far more risk in virtual coins then there is in real metal.   

[Pieh0]

Personally I don't think the FEDs should have the right to auction this off.. I think that the future system needs a way to FLAG coins that are obtained by nefariouse means, and those coins should be put back into the block reward system .. Thats just my opinion .

IMO that's a ridiculous proposition.  Who's going to be the "governing" body on what constitutes coins obtained by nefarious means, and how do you guarantee that the holder of the coins was the one who perpetrated the nefarious act?

You know what this decentralised currency that was built to move away from centralised currency needs? A CENTRALISED GOVERNING BODY!
Maybe while we're at it, let's bring in chargebacks, interest rates for all new coins mined.

What could possibly go wrong  .

[dlowings]

Mining metals and mining virtual coins are two different things in the realm of to totally different dimensions . on has tangible physical value and the other does not . you can't sell the future of one by touting the demand for the other. I wouldn't be so quick to write off the dollar .. I hope that BTC has a successful future, but I'm not going to fall into the trap of thinking the kings new clothes are so wonderful .. There is far more risk in virtual coins then there is in real metal.   

in the end that is what will happen… maybe not to BTC but it will happen .. They will put a head on this beast before its all said and done .

[Threader]

Are there any photos or layouts of the upgrade kits for the S1/S2, is it true the S2 could be upgraded to do 2Th/s?

That's the theory right now, but nothing has been released, AFAIK, other than the drawing in the OP.

I don't think S2 upgrades are that high on their priority list tbh, will be a month or two before they bother offering upgrades for them, simply doesn't make sense to upgrade the S2s yet.

S2 will be profitable to mine in the next two months, and it will be perfect time to upgrade then.

I have to disagree. I have several, and with the difficulty climbing this fast you would be shocked to see how slow they bring in reward .. I'm telling you all right now… The 500 GH's system was the wrong move for Bitmain to be focused on .. Whoever made that move should be let go ..

Perhaps the hash power is less than optimal but I am totally happy with the S1 form factor in the S3. Even better now with 2 low noise fans.

[spazzdla]

Black listing coins is a horrible horrible horrible idea...


Now back on topic..BITMAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!  What's up with the S3's?

[allcoinminer]

Seems like bitman is waiting for a price jump for btc. It will be possible to see a .75 for miner.

[LastRoby]

I also think so...

[xZork]

I hope a price is announced soon. I have maxed out my power with S1's, depending on price I will need to sell these guys off and expand.

I am a little concerned that all we have to go one is a model. I want to see some video of the S3 hashing away. Are they the operators of Antpool that has been actively solving blocks?

[s1lverbox]

We all waiting for price range and what s3 will offer

[elduderino]

504Ghz seems low for entry now.
If they were stacking 4 blades in S3 to get 1Th 800W and selling it for 1 B, it will be sweet cake.
I think the price will be around 0.7 after diff.adjustments. Nex Diff jump is 28.5%.
Hope bitmain will not disappoint us.

Um,... Is there anyone anywhere who's selling anything close to this Hashrate/BTC?

Cuz, I'd jump on it in a second...

But, I suspect not.

[goldar]

This website "http://www.cybtc.com/article-1073-1.html" saying the sales in about 3 days in Bitmain TECH.COM, the first batch of the mining machine will soon be shipped. Sales prices will be announced soon, the price will be our historical pricing model with the highest return on investment and the longest product life.

Of course, I seen this 3 days ago but nothing happening so far on Bitmain site.
Let's stay put.