ANTMINER S3+ Discussion and Support Thread

[vortexz]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

as I have already stated, this another reason they will not lower prices, the lack of competition.

[dropt]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

The point vortexz is making is that he believes the HW is overpriced, as in: you're an idiot for buying it because you're never going to make your money back.  The incentive for BITMAIN to sell the HW at a price point that would allow you to actually make money is non-existent because people keep buying the overpriced HW.

It doesn't matter what the GH/W and GH/$ ratio is if you're never going to earn your money back.  People keep buying this HW hand over fist  because it's preceived as the best, when in reality you're all giving BITMAIN more money for it than you'll ever get back.  

TL;DR: STOP BUYING HW JUST BECAUSE ITS THE BEST AVAILABLE, ESPECIALLY IF YOU'RE NEVER GOING TO MAKE YOUR MONEY BACK.

[TracerX]

as I have already stated, this another reason they will not lower prices, the lack of competition.

Then the market will continue to drive the purchases--no boycott will be effective when there isn't a place to redirect the demand for mining equipment.

[chunkyjunkie]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

I agree with him though, welcome to the new bitmain.  They might as well have started out like this and made more profits.  Because all the good will bitmain built up is flushing down the toilet.   Bitmains rep was an asset that they just chucked out the window.  Bitmain is now the best option of very bad options.

I will be buy again when they return to the bitmain they were.  For now, with btc/usd dropping, preorders, no coupons... no way no thanks.

[hdbuck]

TL;DR: STOP BUYING HW JUST BECAUSE ITS THE BEST AVAILABLE, ESPECIALLY IF YOU'RE NEVER GOING TO MAKE YOUR MONEY BACK.

and especially now that is is not even available uhuhuh...

[itod]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

That's not the point. There's no such thing you are asking for. He is telling you that S3 won't ROI, ant your argument is that other miners won't ROI, I don't get what do you want to say?

[TracerX]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

The point vortexz is making is that he believes the HW is overpriced, as in: you're an idiot for buying it because you're never going to make your money back.  The incentive for BITMAIN to sell the HW at a price point that would allow you to actually make money is non-existent because people keep buying the overpriced HW.

It doesn't matter what the GH/W and GH/$ ratio is if you're never going to earn your money back.  People keep buying this HW hand over fist  because it's preceived as the best, when in reality you're all giving BITMAIN more money for it than you'll ever get back.  

TL;DR: STOP BUYING HW JUST BECAUSE ITS THE BEST AVAILABLE, ESPECIALLY IF YOU'RE NEVER GOING TO MAKE YOUR MONEY BACK.

To be fair, that's often the case with hardware, even in these forums.  If it weren't for some previous GBs, many people purely mining wouldn't have made any returns.

Everyone should continue to decide for themselves if mining hardware at these prices is an investment or not.  We have these conversations frequently when the price of BTC versus fiat drops, and less frequently when it's up (even though fiat prices shouldn't inform ROI if you paid in BTC).

[dropt]

as I have already stated, this another reason they will not lower prices, the lack of competition.

There was competition but after they all got together and had that Miner Manufacturers pow-wow, they're all working together instead of against each other.  It's called anti-competitive practices, specifically price fixing.

[hdbuck]

as I have already stated, this another reason they will not lower prices, the lack of competition.

There was competition but after they all got together and had that Miner Manufacturers pow-wow, they're all working together instead of against each other.  It's called anti-competitive practices, specifically price fixing.

AM is back on business @1,2btc/Th and in massive quantities tho

[dropt]

To be fair, that's often the case with hardware, even in these forums.  If it weren't for some previous GBs, many people purely mining wouldn't have made any returns.

Then they shouldn't be buying HW.  Why is that such a difficult concept to understand?

Everyone should continue to decide for themselves if mining hardware at these prices is an investment or not.  We have these conversations frequently when the price of BTC versus fiat drops, and less frequently when it's up (even though fiat prices shouldn't inform ROI if you paid in BTC).

You want the honest and brutal truth?  Because people aren't capable of deciding for themselves.  If people were capable of deciding for themselves and making rational objective decisions then BITMAIN and all of the others wouldn't be constantly selling out.

[dropt]

AM is back on business @1,2btc/Th and in massive quantities tho

That's true, and IIRC FC said his goal is to drive the competition into unprofitable territory.  As in he's going to undercut everyone so badly that they all go out of business.

[hdbuck]

AM is back on business @1,2btc/Th and in massive quantities tho

That's true, and IIRC FC said his goal is to drive the competition into unprofitable territory.  As in he's going to undercut everyone so badly that they all go out of business.

yea i'd be tempted to think that it is exctaly what has started to happen.. bitmain having to run the "preorder whilst i solomine" scam. spondo drawning under their preorders book and crying fo mo fools to buy sept batches..  

[Moria843]

Will upgrade of S1 to S3 use the same S1 controller board that has wireless access. Will I still be able to use a wireless connection?

[-droid-]

Will upgrade of S1 to S3 use the same S1 controller board that has wireless access. Will I still be able to use a wireless connection?

yes, s3 controller has wireless access, just swap the antennae

[tarmi]

I am tempted to upgrade my S1, but the price is too high if I take in consideration the fact that bitmain will ship their kits in one month and the next difficulty is skyrocketing.

[tom99]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

+2

[dulac97]

I agree.  An undervolted S1 getting 140 gh/s is closer in power efficiency to the S3, but the net pickup of an upgrade kit is only 313 gh/s...for .46 BTC 37 days out.  I'll pass.

[dropt]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

+2

Why, so you can buy it and lose more money?  What's the benefit of the best GH/$ if it still costs you $5 to earn $3?

[Moria843]

Will upgrade of S1 to S3 use the same S1 controller board that has wireless access. Will I still be able to use a wireless connection?

yes, s3 controller has wireless access, just swap the antennae

Thanks. Won't be upgrading for a few months, if at all, but that's one less thing to worry about. I'll be able to use the extra heat when the weather cools down. Plus by then may cost less and be able to get more BTC for the dollar if things keep going like they are. A wait and see game. ROI and BTC value never a sure thing.

I'm planning for the winter and the only sure thing I can count on is the extra heat they'll provide for my basement.

[philipma1957]

Attention everyone!
You must have already noticed, the S3 is becoming less and less profitable, it's a mining machine that will never ROI.
This is the new BITMAIN,they are selling on pre-orders an over priced.
The only one's fault is us, because we buy their crap like hot cakes.
A company would never lower prices when they have no competition and they sell their products in seconds.
But there is a solution to all of this, we can correct this !

EVERYONE STOP BUYING THEIR CRAP!
This will force them to lower price and deliver on time so their units will start to ROI again.

Point us to a product with the same GH/W ratio and GH/$ ratio then, kind sir.

how about 1.04 btc for 850gh , but worse on watts?

bitmain is 1.32 btc for 880gh .

https://bitcointalk.org/index.php?topic=735982.0