ANTMINER S4 Discussion and Support Thread

[jb0316]

Bitmain, congratulations on the release of the S4.  Unfortunately, the pricing and efficiency do not justify the purchase.

Amen! all of that HYPE! for nothing! Already better price points available in the market now.  Even from Bitmain on the S3s and purchasing a power supply.

What confuses me is  why go through all of that just to disappoint your buyers?

simple, they want to drive people to their cloud product where they have more control over the customer and less exposure to liability .

Very well stated, hadn't even crossed my mind. Went from selling a somewhat decent product to a cloud hustle.

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[1713552091]

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[philipma1957]

Bitmain, congratulations on the release of the S4.  Unfortunately, the pricing and efficiency do not justify the purchase.

Amen! all of that HYPE! for nothing! Already better price points available in the market now.  Even from Bitmain on the S3s and purchasing a power supply.

What confuses me is  why go through all of that just to disappoint your buyers?

simple, they want to drive people to their cloud product where they have more control over the customer and less exposure to liability .

Very well stated, hadn't even crossed my mind. Went from selling a somewhat decent product to a cloud hustle.

well the unit is about 1600 usd shipped to me in New Jersey ,USA 

 I can buy 2900 shares of  their cloud for  the same price.

  So 2.9th and no hassles vs 2.0th and hassles

Or I can buy from cex.io about 2.2th easy to trade shares this makes the s-4 very hard for a little guy.

  I did get 1 s-3 on ebay a week ago and I ordered 1 s-3 on ebay last night.

 my cost for the 2 was about 540 usd. will stay with them for now.

[OneCardShy]

Bitmain, congratulations on the release of the S4.  Unfortunately, the pricing and efficiency do not justify the purchase.

Amen! all of that HYPE! for nothing! Already better price points available in the market now.  Even from Bitmain on the S3s and purchasing a power supply.

What confuses me is  why go through all of that just to disappoint your buyers?

simple, they want to drive people to their cloud product where they have more control over the customer and less exposure to liability .

Very well stated, hadn't even crossed my mind. Went from selling a somewhat decent product to a cloud hustle.

well the unit is about 1600 usd shipped to me in New Jersey ,USA  

 I can buy 2900 shares of  their cloud for  the same price.

  So 2.9th and no hassles vs 2.0th and hassles

Or I can buy from cex.io about 2.2th easy to trade shares this makes the s-4 very hard for a little guy.

  I did get 1 s-3 on ebay a week ago and I ordered 1 s-3 on ebay last night.

 my cost for the 2 was about 540 usd. will stay with them for now.

Make sure to upgrade your CG Miner. The version shipped by BitMain on S1, S2, and S3, (S4 unconfirmed) has widely documented security holes and BM isn't releasing their code even though it's licensed as open source development.

Instructions here: https://bitcointalk.org/index.php?topic=671189.msg8731716#msg8731716

[vortexz]

i wonder if anyone actually bought this ?

[OneCardShy]

And people are buying these like crazy! Must be a real bargain. Maybe I should get in line after all. 

Not so much...
http://btc.blockr.io/address/info/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ

26 orders in 90 mins - although I do feel sorry for whoever dropped 103BTC - ain't gonna see them back, this side of 2015!!!

Well... at least BitMain should be able to keep up without any shipping backlog. 

That also means they can keep the units in their farm longer without having to uninstall them to ship out. Imagine the labor costs they are saving with their inflated prices. 

[TheJuice]

i wonder if anyone actually bought this ?

It's hard for manufactures these days given the stagnant/declining btc price. during gen 1/2 of asic price was rising and made the next gen much easier to buy/make. 3+ btc for 2TH in this market is hard to swallow.  

[kendog77]

As mining approaches equilibrium, this is exactly what should happen! I don't think Bitmain is being evil or trying to price gouge. I'm sure they are just trying to make a small profit on each S4 they sell.

If miners were smart, which collectively they have proven that they are not, the S4 would not sell very well, which would cause manufacturers to reduce production and cause difficulty increases to level off.

If you don't think the S4 will ROI in BTC, please don't buy and encourage Bitmain to make more of them!

[iglasses]

The only never ending process here is h/w guys screwing miners by selling them equipment months too late for it to be useful. 

[teeGUMES]

We created a monster.

[puma1888]

sorry Bitmain, not buying, too expensive, and there is no way I can ROI even in cheap place like Canada where it's cold and electricity is cheap. Thanks but no thanks.

[topminingcontracts]

We open sales in USD https://112bit.com

Regards

Juan

[testerman]

sorry Bitmain, not buying, too expensive, and there is no way I can ROI even in cheap place like Canada where it's cold and electricity is cheap. Thanks but no thanks.

even if electricty is free, with the last 10 difficulty level, that s4 will never ROI, i think you know that too , dont you ?

[allcoinminer]

We open sales in USD https://112bit.com

Regards

Juan

Hi Juan,
As a reseller how is the initial response?

[iglasses]

The antpool is now %4 of the network so about 10,000Ths
how many S4's and yet to be sold (batch 10) S3's is that?

Every miner you buy has already made probably 8-10x what it cost them to build...then they sell it at an inflated price and slowly trickle it back into the network while we hopelessly try to break even.

All this while the coin continues to drop and the other big hardware guys do the same.

Rinse...repeat.

F it...I'm out.

[psjw4450]

I have coupons for Antminers S4 .10 BTC PM ME.  

[Transisto]

only one coupon can be used per S4.

This is scam-ish at best.

[ZiG]

The antpool is now %4 of the network so about 10,000Ths
how many S4's and yet to be sold (batch 10) S3's is that?

Every miner you buy has already made probably 8-10x what it cost them to build...then they sell it at an inflated price and slowly trickle it back into the network while we hopelessly try to break even.

All this while the coin continues to drop and the other big hardware guys do the same.

Rinse...repeat.

F it...I'm out.

+100

But I am not out...yet...Made ROI last month...will milk them until electric bills are paid...

ZiG

[BITMAIN]

The antpool is now %4 of the network so about 10,000Ths
how many S4's and yet to be sold (batch 10) S3's is that?

Every miner you buy has already made probably 8-10x what it cost them to build...then they sell it at an inflated price and slowly trickle it back into the network while we hopelessly try to break even.

All this while the coin continues to drop and the other big hardware guys do the same.

Rinse...repeat.

F it...I'm out.

Antpool's new hashing power comes from large private miners who are using ANTMINER product and not satisfied with the unstable connection to ghash (from China) and high fees in other pools. Thanks.

[BITMAIN]

As mining approaches equilibrium

+1

[dlowings]

As mining approaches equilibrium, this is exactly what should happen! I don't think Bitmain is being evil or trying to price gouge. I'm sure they are just trying to make a small profit on each S4 they sell.

If miners were smart, which collectively they have proven that they are not, the S4 would not sell very well, which would cause manufacturers to reduce production and cause difficulty increases to level off.

If you don't think the S4 will ROI in BTC, please don't buy and encourage Bitmain to make more of them!

I'll have to disagree with what you said.. Its easy to make the statement you did because you know that the mark up from Bitmains base price is a complete unknown .. I deal with hardware cost all day long… I've looked at the units, the case, components, ect … You can tell me all you want until you are blue in the face that they are making a SMALL profit on every unit, and I beg to differ.. The biggest part of development was the chip, after that everything is legos and moving stuff around in a cad program… Bitbain could have went lower and made the decision to go high out of the gate . Why…….


Their cloud project .