ANTMINER S3+ Discussion and Support Thread

[tempestb]

People point out that items won't ROI because...

A)  They hope the manufacturer sees that fact, and reduces their pricing to make it so it will.

B)  Just in case you happen to know some tricky to suddenly make the miner earn twice as many coins for the same gigahash.

and...

C)  So they can get you to convince them that ROI doesn't matter and they should go ahead and spend that Bitcoin burning a hole in their pocket.

[bspurloc]

I just don't understand why other people are so obsessed with other people's financial decisions. Why does everyone need to make a profit mining? Why does everyone assume their calculations are correct for another person's scenario? I also love how these ROI calculations never seem to take into account "salvage value" of the old equipment, expected increases in the value of BTC, or the enjoyment some of us get from this hobby. Do you go to the guy down the street who's spending a bunch of money restoring an old Camaro or Mustang that he's never going to ROI? No one is saying I ordered a bunch of S3's and I'm going to get rich!

The world is full of companies who charge too much for product and still manage to find customers, and the world is full of people will to pay more than they should for products. Please accept it and get over it. If anything take advantage of the opportunity and start your own hardware company and undercut everyone else and be a hero.

Exactly...

FYI I buy most of my equipment from EBAY and AMAZON... so that means I am paying like 1 btc!
but then again I dont pay anything for electricity so I dont much care. and I am mostly using money I recycled from selling off old equipment and mined BTC...
Why dont I pay with BTC? cuz it all gets used up duh!
Sure wish I kept at least one of those 7970's! haha...
where are all the flamers who said I couldnt run 7870 xt's maxed out on Dell 375 watt power supplies??? Those desktops are all still running fine. and the power supplies were already 5 years old.

[PatMan]

I think ROI should be classified as some kind of mental illness......some kind of incurable nervous twitch......

As in: " Oh, you've got ROI - that explains it, sorry",  or "My ROI is killing me".

[Tupsu]

I think ROI should be classified as some kind of mental illness......some kind of incurable nervous twitch......

As in: " Oh, you've got ROI - that explains it, sorry",  or "My ROI is killing me".

What does ROI mean?

[1Neptune]

I think ROI should be classified as some kind of mental illness......some kind of incurable nervous twitch......

As in: " Oh, you've got ROI - that explains it, sorry",  or "My ROI is killing me".

What does ROI mean?

ROI = Return On Investment

or

ROI = Rate Of Imagination

... according to your link.

[aurel57]

I think ROI should be classified as some kind of mental illness......some kind of incurable nervous twitch......

As in: " Oh, you've got ROI - that explains it, sorry",  or "My ROI is killing me".

  My ROI flares up every-time a new miner comes out!

[jimmyoh]

The site says the S3+ B7 were supposed to be shipped the 20th. I have yet to receive any shipping information for products I purchased for more than a week ago. Whats the hold up?

If you ordered an S3+ that would be Batch 8 which will begin shipping Sept 20 or earlier.

[hurricandave]

I think ROI should be classified as some kind of mental illness......some kind of incurable nervous twitch......

As in: " Oh, you've got ROI - that explains it, sorry",  or "My ROI is killing me".

  My ROI flares up every-time a new miner comes out!

They make a cream for that but the applicator can be a bit disturbing.

[pepto]

How about an S3 to S3+ upgrade kit?

[mindtrip]

How about an S3 to S3+ upgrade kit?

that's easy just over clock your miner to 225mhz it takes 30 seconds

[jpchrist]

How about an S3 to S3+ upgrade kit?

How much would you seriously be willing to pay to upgrade your miner, what, 20 Gh/s?

[jpchrist]

I have NO idea why people are buying batch 8, even with an overclock the units wont even return 50%.

I agree with most of what you say, but isnt the picture and example of a different unit?  Also you are using a .13 cost for electric.  For example I have .07 which would double my earnings.

Don't get me wrong I am a strong supporter that the current change of bitmain to preorders ( 20 plus days out which is an eternity in crypto world ), not lowering price ( like they have done in the past to help their customers have a chance at a 100% ROI ). no coupons for returning loyal customers etc is not a good change.

Just want to help people make the best decisions....

- Note - The Net hash has gone from 132 mil to over 195 mil in last 22 days.  It makes you wonder about the lack of supply from bitmain all of a sudden for next 30 days and yet some other company is bringing so much hashing power out?  Wonder if that new hashing power suddenly goes offline when the s3+ starts to ship or all those new s3+ units get added on top of that staggering 60 million network increase.  I think I would be more concerned if it came off the network slowly as we approach the Sept 20 date.   Giving conspiracy guys some very damaging ammo.

Just an FYI...just because your power cost is 50% less doesn't mean you will "double your earnings".

[Moria843]

I've already ROI'd my S1s. Everything from this point is profit until the cost of electricity is more than the BTC value. But it is also a hobby and I believe in BTC. I have friends that spend $400 a month on golf. Nobody ask them about their ROI.

[rkinnin]

I've already ROI'd my S1s. Everything from this point is profit until the cost of electricity is more than the BTC value. But it is also a hobby and I believe in BTC. I have friends that spend $400 a month on golf. Nobody ask them about their ROI.

or a pack of cigs - in NY at $9 a pack per day is $270 a month.  

either way.....well said!

[hdbuck]

I've already ROI'd my S1s. Everything from this point is profit until the cost of electricity is more than the BTC value. But it is also a hobby and I believe in BTC. I have friends that spend $400 a month on golf. Nobody ask them about their ROI.

or a pack of cigs - in NY at $9 a pack per day is $270 a month.   

either way.....well said!

so what? you mean preordering S3+ is as dumb as smoking a pack of cigs a day? NO KIDDING

[Meech]

I thought buying direct they would ship much sooner but ordered batch 8 on Sunday still no shipping info.  Sounds like the same story others have stated....ugh!  They will ROI within 2.5 months as long as you ordered enough of them to beat the curve.  Bought mine at about $265 a piece, can't beat that.  Anyway home miners are almost nearly hobby now, most people don't have enough juice to power enough of them to run a true farm at home.

[suchmoon]

I thought buying direct they would ship much sooner but ordered batch 8 on Sunday still no shipping info.  Sounds like the same story others have stated....ugh!  They will ROI within 2.5 months as long as you ordered enough of them to beat the curve.  Bought mine at about $265 a piece, can't beat that.  Anyway home miners are almost nearly hobby now, most people don't have enough juice to power enough of them to run a true farm at home.

Batch 8 ships a month from now. Why would you expect shipping info now?

https://bitmaintech.com/productDetail.htm?pid=00020140813125800214NBU85kWt0672

AntMiner S3+ for sales shipping starts on September 20th or earlier

[BennyTheBall]

Moving away from the negative hopefully.... I have an ROI question that I cannot figure out how to calculate. As I have stated, I am able to set up miners, but not really smart about them.

I own 4.8Ths that is already ROI, including electrical costs. I have pre-ordered two S3+ to (hopefully) ship around Sept 20. They were paid for with 1.16BTC generated by my mini-farm after it reached ROI (free BTC). I calculate them as 450GHs each or 900GHs for the equation.

That will bring my mini-farm up to 5.7THs. It has been established and is almost not arguable that a single S3+ cannot ROI by itself.

My question: As an added component to an existing farm, is it possible for the additional benefit of two S3+'s to the already income-producing condition to 'ever' benefit by 1.16BTC? I don't understand how to calculate existing hashing power into the ROI equation.

Thank you for any assistance. I also would like to apologize to JPChrist. I agree that personal attacks do not benefit the community and I look forward to learning from his helpful posts.

-OCS

since your 4.8 TH farm has given back the investment, what they do now, is give you "free coins" (if they generate more, than what your electricity costs)

so, for everything you add to your farm, the only worries you have, is to deduct power costs and and then you can use the rest to make your ROI on your S3s go away faster, but remember to "save up in the bank" to be able to buy newer equipment, when your old equipment cant pay for the electricity alone anymore..

I started out with 3x Antminer S1s they have ROI and given me enough coins to buy the 2xS3s, now i have all 5 units hashing away, and i almost have enough to buy 3x upgrades for the old S1s...

FINALLY!!  Some sanity to this ROI stuff. I started out with USB Block Erupters, then to blades, the to S1s and now S3s. Each upgrade was paid for with BTC generated by the previous hardware (both from mining and reselling) The only "investment" I made was in the original bunch of Block Erupters and supporting equipment. That has long ago been paid back (I actually cashed out enough BTC to repay my initial cash outlay) Now my small farm of 10 S3s pay for their monthly electricity usage in 1 week of mining. Another thought on ROI...No company does ROI on every single piece of equipment they buy. It the money generated by ALL the equipment they are using to create their product against cost of ALL of the equipment minus salvage value or whatever is left on the depreciation.

[bitcoin_miner]

How about an S3 to S3+ upgrade kit?

that's easy just over clock your miner to 225mhz it takes 30 seconds

anybody here tried S3 to work in 225mhz to work in 453GH/s?

[Biodom]

How about an S3 to S3+ upgrade kit?

that's easy just over clock your miner to 225mhz it takes 30 seconds

anybody here tried S3 to work in 225mhz to work in 453GH/s?

if it produces ~440 at 218.75 stably with little HW errors (more than 24hr), than there is at least 90% chance that it will work at 225 and most likely (70-80%) 237.5 (based on my experience and posts of others).