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Author Topic: Antminer S3 - Profit is Impossible  (Read 20023 times)
philipma1957
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August 09, 2014, 12:48:41 AM
 #81


If you:
 A) own a spare atx psu that will run 2 s-3's
B) already are paying for the internet
C) have a few cat 5 cables and a spare gigbyte switch.

you need only buy a pair of s-3's and pay for power .

2 s-3's are .128btc

if diff = 11% over the next 6 months they do btc roi


So where do you get 2 S-3's for .128 BTC (i.e less than $100)?

That sounds like the steal of the century, or is the price wrong?

Two go for 1.17btc with coupons....

that was a missed decimal point. and 2 miners for 1.28 was a good deal for me.  they have earned more then .4 btc back against that price.

you need to look at it from watts per gh. 

 300 for 1gh was a money making gpu in april 2013
10 for 1 gh was a money making AM cube in July of 2013
2 for 1 gh  was a money making bitfury chip and still can make money
many pieces of gear were 2watt gear.
1 for 1 gh  was and still is money making gear
.75 for 1gh  is the current common money maker  the s-3
.64 for 1gh  is the sp30

the improvements in watts are ending so diff slows.

june 2013 to dec 2013 = 25%
DEC 2013 to july 2014 = 18%
July 2014 to Jan 2015 = ?    my guess is 12% at worse 15%

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August 09, 2014, 02:05:07 AM
 #82


you need to look at it from watts per gh. 
june 2013 to dec 2013 = 25%
DEC 2013 to july 2014 = 18%
July 2014 to Jan 2015 = ?    my guess is 12% at worse 15%
+1

Google "end of moore's law"
http://www.extremetech.com/computing/165331-intels-former-chief-architect-moores-law-will-be-dead-within-a-decade
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August 09, 2014, 02:41:27 AM
 #83

Uh uh - posting twice in a row.

This is a good example of the point I just made:

Quote
  http://www.wired.com/2014/06/supercomputer_race
This year, the machine on the top of the list is Tihane-2, a Chinese system that can perform 33.86 quadrillion calculations per second. But here’s the thing. Tihane-2 was on top back in November of 2013, and a year ago too. In fact, when you look at the top 10 machines on the June list, there’s only one new entry–an unidentified Cray supercomputer, operated by the U.S. government. It’s ranked tenth.

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August 09, 2014, 03:36:17 AM
 #84

Right now the mining manufacturers are just packing more chips with the same hashing speed and power requirements into larger form factors. A good example is the rbox and the antminer s3. So we aren't seeing any new innovation right now in hardware, probably the latest advance was the KNC Neptune but at the wrong price point.  Right now, twice the mining power at twice the power requirements isn't allowing the miners to get ahead of the difficulty very far. For now, were just seeing the 400ghs and 1ths clones which aren't doing us much good.
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August 09, 2014, 03:41:12 AM
 #85

It isn't and every one of you posting this is wrong.

I have bought batch one S3's
I will profit with them
If you can't I don't really know what to say.

S1 owners like phillip (see above) took a chance and got lucky due to KNC, BFL, BA and others delivering late.  I have free electricity and I was still skeptical about ROI.  Considering all that late stuff is now delivering, I'll make a 1BTC bet with you that your S3 won't ROI it's BTC costs.  With the 25% jump this last period it's going to get nasty pretty quick.

Free electricity is a big factor, imo. Those who pay higher rates will have a much harder time receiving ROI.
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August 09, 2014, 07:08:21 AM
 #86

It isn't and every one of you posting this is wrong.

I have bought batch one S3's
I will profit with them
If you can't I don't really know what to say.

S1 owners like phillip (see above) took a chance and got lucky due to KNC, BFL, BA and others delivering late.  I have free electricity and I was still skeptical about ROI.  Considering all that late stuff is now delivering, I'll make a 1BTC bet with you that your S3 won't ROI it's BTC costs.  With the 25% jump this last period it's going to get nasty pretty quick.

Free electricity is a big factor, imo. Those who pay higher rates will have a much harder time receiving ROI.

Most free electric only have like 15 amp which is really low profit..

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August 09, 2014, 10:27:04 PM
 #87

It isn't and every one of you posting this is wrong.

I have bought batch one S3's
I will profit with them
If you can't I don't really know what to say.

S1 owners like phillip (see above) took a chance and got lucky due to KNC, BFL, BA and others delivering late.  I have free electricity and I was still skeptical about ROI.  Considering all that late stuff is now delivering, I'll make a 1BTC bet with you that your S3 won't ROI it's BTC costs.  With the 25% jump this last period it's going to get nasty pretty quick.

Free electricity is a big factor, imo. Those who pay higher rates will have a much harder time receiving ROI.

Most free electric only have like 15 amp which is really low profit..

Absolutely!

I'm so tired of these jokers with "free electricity". Is running one or two 200-500GHs miners off of a university dorm room outlet a real "mining operation"? Enjoy you $6 per day. That's really going to help with tuition and beer money!
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August 11, 2014, 01:26:42 AM
 #88

Hey man, not all of us can rock 20 th/s.  I was thrilled to get past 5! hah.

BTC: 15565dcUp4LEWe6KYT7tawMHFRL4cBbFGN
philipma1957
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August 11, 2014, 02:39:14 AM
 #89

It isn't and every one of you posting this is wrong.

I have bought batch one S3's
I will profit with them
If you can't I don't really know what to say.

S1 owners like phillip (see above) took a chance and got lucky due to KNC, BFL, BA and others delivering late.  I have free electricity and I was still skeptical about ROI.  Considering all that late stuff is now delivering, I'll make a 1BTC bet with you that your S3 won't ROI it's BTC costs.  With the 25% jump this last period it's going to get nasty pretty quick.

Free electricity is a big factor, imo. Those who pay higher rates will have a much harder time receiving ROI.

Most free electric only have like 15 amp which is really low profit..

Absolutely!

I'm so tired of these jokers with "free electricity". Is running one or two 200-500GHs miners off of a university dorm room outlet a real "mining operation"? Enjoy you $6 per day. That's really going to help with tuition and beer money!

   no 2 s-3's at free power = 900gh about 13.43 usd a day.

hosting at gawminer for an s-3 is 90 cents a day. or about 14 s-3's as 14 x .90 = 12.60 usd

so free power for 2 generates paid for power for 14. so you have 16 s-3s not 2 .

Disregard the purchase cost.  As they will get sold on ebay as time goes on.   it is pretty easy to turn s-3's into a profit if btc price stays above 580.  don't forget it dropped as low as 400.


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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
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