ANTMINER S4 2TH/s, Batch 1 on Sale this week, shipping before Sept. Ends

[letyouearn]

I am also thinking to buy a AntMiner S3 , from bitmaintech.

But then i think , may be i will loose my money , if it is not shipped to my address on time.

If this happen , where i will claim ?

Its better to buy something locally , so that u can claim it ASAP.

[BitcoinRuinedMyLife]

They need btc price above $500 to launch as planned.
Since there is no real miner image is released, there is also a chance that the miners are still under development.

Yes. Otherwise they will be delaying or setting a high bitcoin price and people later will be upset if they lower it.

[aclass]

and now the site is down...

[vortexz]

maybe they are updating it !
hooray !

[Subw]

Maybe they are out of bussiness, difficulty killed them

[mazedk]

Maybe they are out of bussiness, difficulty killed them

Doubt it. And bitmain was online at 08:02..

My guess, updating website at the moment getting ready for launch. But, I do think they will price is higher than what we expected due to the low bitcoin price .. - again, they can always just mine with the unsold gear themselves.

[jelin1984]

if price of btc not be up a lot
mining is not good at all
buy asap btc

[Biontic]

Site still down
http://www.isitdownrightnow.com/bitmaintech.com.html.html
- update soon?

[s1lverbox]

so many inpatient people. reminds me apple and their shit phone. ....people was sleeping in front of the shops to get one.

people just come down. come the f..CK down.

once bitmain is ready you will hear it....

[TheRealSteve]

Site's back up (and no, no pricing yet)

[BitcoinRuinedMyLife]

if price of btc not be up a lot
mining is not good at all
buy asap btc

It's actually great. Maybe it will put some of the monster farms out of business. Doubt it, but still 

[Biontic]

Still says shipping before Sept ends...
which, imo, is optimistic, given we still haven't seen pics or specs - Manufacturers are in a sticky spot at the moment, with the price still sliding... Nobody in their right minds would spend fiat on Hardware, when its more economical to just buy BTC...
And unless the cost to manufacture and ship is less then the hardware will generate before diff makes it obsolete, why continue...
Particularly as the manufacturers are competing against their customers by deploying huge farms?!?!?!
Interesting times ahead (as ever)

Some interesting numbers here https://bitcointalk.org/index.php?topic=518111.msg8633549#msg8633549 on BurtW's thread

[Stratobitz]

Still says shipping before Sept ends...
which, imo, is optimistic, given we still haven't seen pics or specs - Manufacturers are in a sticky spot at the moment, with the price still sliding... Nobody in their right minds would spend fiat on Hardware, when its more economical to just buy BTC...
And unless the cost to manufacture and ship is less then the hardware will generate before diff makes it obsolete, why continue...
Particularly as the manufacturers are competing against their customers by deploying huge farms?!?!?!
Interesting times ahead (as ever)

Some interesting numbers here https://bitcointalk.org/index.php?topic=518111.msg8633549#msg8633549 on BurtW's thread

If prices continue to slide, let's say hypothetically to $250, I believe at that point large farms would shut down as AC costs would exceed mining proceeds.

This is in fact a very real possibility.

In addition, mining profitability is at best 20% ish for those buying best price/performance hardware. One or two more difficulty changes of 15% or more will make mining a lose lose scenario.

Miner Manufacturers have the edge because the ASICs they produce cost them far less than what they sell to consumers/miners.

So if price stays flat and difficulty goes up 30% - Small Miners and Farms will start shutting down.

If price tanks even manufacturers will not be able to mine for profit.

Both scenarios above will result in a drawback of difficulty in mining. But people will also stop buying mining hardware. This will put manufacturers in a tough position, holding tons of inventory, unable to sell. Now couple this with a drop in price in BTC and I smell disaster. Their bankers will come calling for sure.

A bit crazy, but in my opinion we may see some sort of "shakedown" by the big players. The market has to find an equilibrium, where mining is at least produces more fiat value than operating costs (hardware aside), and manufacturers can make profit making their products.

Something will happen soon. There is no way around it.

Strato

[ocminer]

so many inpatient people. reminds me apple and their shit phone. ....people was sleeping in front of the shops to get one.

people just come down. come the f..CK down.

once bitmain is ready you will hear it....

Who comes first, paints first

[Serby]

Thinking about getting a S4, just not sure about buying BTC directly would be a better idea. What's your take?

FIrst of all, sorry to the ones asking about the good returns I have by mining altcoins instead of BTC directly. There are a lot of altcoins (SHA256) around which are lost for the eyes of the public (thank God!) and they give near steady earnings. I also managed to set up a small private pool and I have 5-10 miners who mine there. As every altcoin can turn to not profitable in a day or so, we got a return of 0,02-0,05BTC/day/1 Antminer S3.

So, if oyu are thinking of outside the box and you believe in BTC then think about that. If you buy BTC directly then you will have a FIX amount of BTC. Of course you can lend it to someone at BTCjam or some other site but thats risky.
On the other hand if you have a device which capable of CREATING and endless supply of BTC slowly, day by day, then I assume 100% of people would choose that option!

So thats why I think that buying a 1-2-3-5 Ths SHA256 Miner is a good investment.
And in December when the new 100-300 Mhs Scrypt ASIC miners will come out that will be a glorious day for me! My Scrypt pool will be ready and I will mine the shit out of every good scrypt coin I know!

Thanks for the reply. As I came across this excellent thread, https://bitcointalk.org/index.php?topic=518111.60, I changed my mind. Could it be that, both trading and mining at the same time, is the best option?

[Serby]

It all comes down to pricing. Do the math and see how many BTC will S4 mine in it's lifetime. Consider also the fact that you can not sell it fast whenever you want, unlike BTC

Thinking about getting a S4, just not sure about buying BTC directly would be a better idea. What's your take?

Good point, any ideas what the average lifetime of the S4 would be? On a side note, there must be a way to prolonge it somehow, even if it's mining 7/24.

[aclass]

The hardware can go for years, but the electricity it burns will soon be more than it makes mining. This can only be extended if you have free/cheap electricity.
Use some of the online calculators to find out more about the revenue it will generate

[ChuckBuck]

I'm guessing Bitmain literally means before September ends, like literally shipping on the 31st.

My uneducated guess is they're waiting for any BTC price pump up, so they can better profit on the S4 sales, and mitigate shipping costs.

[mrpark]

I'm guessing Bitmain literally means before September ends, like literally shipping on the 31st.

My uneducated guess is they're waiting for any BTC price pump up, so they can better profit on the S4 sales, and mitigate shipping costs.

No, they said on twitter and also on their website "THIS WEEK".

[chaosknight]

This is taking forever. It was suppose to be last month..