ANTMINER S4 Discussion and Support Thread

[Soupulou]

is this worth it? what would cost me ship to China?

[1715611329]

1715611329

[bluecityste]

Crunching the numbers - even at a reasonably optimistic 10 % difficulty steps, this will lose a miner -3.239 before it becomes loss making/obsolete on the 6th February at $0.15 per kwh.

If paying $0.12 per kwh you would lose -2.887 by the 5th March, or at $0.10 per kwh a loss of -2.604 on the 14th April.

These depressing stats are based for you lucky boys in USA who have no import tax........for me in the UK the machine would stop being profitable on the 15th December!!! And would cost me a loss of -4.559 (original cost of -4.987 including shipping and import tax!!!).

DEPRESSING!!!

Anyone who has had a look at the colocation offer (saving a large amount of money due to the minimal shipping charge) this works out at a loss of -2.577 come the 5th March, at which point the hosting fee ($0.125 averaged over 6 months) would become more than the income generated per day.

So, unless you had free power why would anyone be buying these??? Even with a discount code these still lose a minimum -2.377 bitcoins and are obsolete in 6 months and one week from now!

Basically, after crunching the numbers, these need to be 0.91 Btc per unit to be in with a chance of just making a ROI (unless power is < $0.10 per kwh). Obviously, this price is unrealistic as shipping needs to be paid and Bitcoin need a price of atleast 1.5 Btc per unit to justify not becoming another Bitfury and keeping them all to themselves.....but the current price of around 4.16 Btc (including shipping) shows just how much they are trying to take advantage of people that may not fully understand the way the mining game works as this sales price is a 357% mark up on the 'break even price' for people that don't have any import tax to pay......the bitcoin world has gone mad, and unfortunately I think that the hobby miner is officially dead.

Buy coins and pray  

[s1lverbox]

holly molly, just simple calculation:

Hashnest: 0.00135*2800(2.8Th)=3.78btc

S4:?*=3.78btc

What a joke. More hassle, more issues and who knows what next. Roi never in sight and most important whats the point having miner at home when you can have more for the similar price?

[PatMan]

BITMAIN is helping every miners around the world to have their own hash rate, no matter is in home or in the hosting farm. Anything helps the Bitcoin network safe and strong, BITMAIN will do it.

Really? Please provide us with updated firmware for S2 and S3 including newer, safer version of cgminer. You promised.

Absolutely. As I said in the very first page, as well as every other Bitmain thread, and will continue to ask until Bitmain decide to answer......

Too expensive Bitmain, sorry.

Have you upgraded the firmware to the latest cgminer with these & other models, as you promised to do many weeks ago but still haven't - or are you still using the old, security vulnerable version?

Please post a link to the firmware.

I can't even buy spares for my S2 - what are the spares availability for this model - if any?

Bitmain - do what you promised!!

[al3xesf]

what the....

price for shipping to my country is 1.16 BTC??

bitmain can you send me any address from china to buy from your company directly?

i have some friend in china...

[mrpark]

I bought Prisma Block Erupter 1.4T group buy, $670 with controller instead of S4 / SP20. I believe it is much quieter also.

[xstr8guy]

holly molly, just simple calculation:

Hashnest: 0.00135*2800(2.8Th)=3.78btc

S4:?*=3.78btc

What a joke. More hassle, more issues and who knows what next. Roi never in sight and most important whats the point having miner at home when you can have more for the similar price?

To be fair, a cloudmining contract that's expired has no residual value. Whereas hardware can be resold (for pennies on the dollar in most instances) to recapture some of your original investment.

I'm not saying it's a wise decision, far from it. But resale value does need to be factored into ROI calculations if you want a true picture.

[R4v37]

i have one S4 coupon for BTC0.4

anyone want to buy??

[twig123]

In case nobody else noticed, their site has conflicting information for the power efficiency.
The miner specs say it is 0.69W/GHS, but their "Never-Ending Progress" picture shows it @ ~0.48W/GHS.

I assume the 0.69W/GHS is the correct value...

[xstr8guy]

i have one S4 coupon for BTC0.4

anyone want to buy??

Gee what a steal! Good luck finding someone to pay face-value for a coupon for a machine no one wants, lol.

[DevonMiner]

I know the S4 will never ROI, but I'd love to know what sound level they are talking about, to quote:

"* Stable but a little bit noisy".

  Decibel reading please Bitmain  

Makes me think home mining (if you bought one) might be LOUD affair.


OH ... and can I have that coupon for 0.4 BTC please 

[xstr8guy]

So is anyone willing to admit that they've actually bought one?   

[DevonMiner]

they will cut production and lower prices to get rid of stock (all while mining until they sell ofcourse) and push this under the rug

No rug ... they'll go into the racks at HashNest

[Sandhog]

i have one S4 coupon for BTC0.4

anyone want to buy??

Too bad only you can cash in the coupon. I had coupon from Bitmain that my mate wanted to use but Bitmain said NO! So, I used the coupon to buy my mate the antminer and got reimbursed.

[DebitMe]

i have one S4 coupon for BTC0.4

anyone want to buy??

Too bad only you can cash in the coupon. I had coupon from Bitmain that my mate wanted to use but Bitmain said NO! So, I used the coupon to buy my mate the antminer and got reimbursed.

Um, they are transferable now...

Still selling 2 for .2 btc ea!

[ImogenV]

So is anyone willing to admit that they've actually bought one?   

I bought one, and maybe I am the only one that is willing to admit that.

[OneCardShy]

So is anyone willing to admit that they've actually bought one?   

I bought one, and maybe I am the only one that is willing to admit that.

Well... I am betting against the S4 due to pricing, but not against my fellow miner. In fact, I commend you for being willing to stand up against the many pages of unhappiness and acknowledging that you are carrying on the pioneering spirit of mining against the odds. I saved up 3.00 BTC in anticipation of the S4 release, having decided that 3.00 was the most I would spend, and then was thwarted by the price coming in over 3.9 including shipping.

I ended up saving some coin by not buying the S3 until the plus was announced. I got a better deal and better equipment... even if a worse difficulty. After seeing the calculations, I am hoping to pick up a used S4 in 2-3 months for 2.5 or less once the first generation of S4 owners become frustrated and sell off their miners to regain what they can from them while they still have value.

It's like buying a previously leased a car. I'm letting the first owner take the hit on it from the car lot finance guy, and then I'll pick it up affordably once it's got some miles on it.

-OCS

[Sandhog]

i have one S4 coupon for BTC0.4

anyone want to buy??

Too bad only you can cash in the coupon. I had coupon from Bitmain that my mate wanted to use but Bitmain said NO! So, I used the coupon to buy my mate the antminer and got reimbursed.

Um, they are transferable now...

Still selling 2 for .2 btc ea!

You are correct. I just saw on my coupon section and there is button to donate.
I have AntMiner S4 Coupon 400 USD so I may just buy the S4 since it will only cost me $1050 + shipping USD

[Sandhog]

So is anyone willing to admit that they've actually bought one?   

I bought one, and maybe I am the only one that is willing to admit that.

Well... I am betting against the S4 due to pricing, but not against my fellow miner. In fact, I commend you for being willing to stand up against the many pages of unhappiness and acknowledging that you are carrying on the pioneering spirit of mining against the odds. I saved up 3.00 BTC in anticipation of the S4 release, having decided that 3.00 was the most I would spend, and then was thwarted by the price coming in over 3.9 including shipping.

I ended up saving some coin by not buying the S3 until the plus was announced. I got a better deal and better equipment... even if a worse difficulty. After seeing the calculations, I am hoping to pick up a used S4 in 2-3 months for 2.5 or less once the first generation of S4 owners become frustrated and sell off their miners to regain what they can from them while they still have value.

It's like buying a previously leased a car. I'm letting the first owner take the hit on it from the car lot finance guy, and then I'll pick it up affordably once it's got some miles on it.

-OCS

Or you can wait until BTC price rises back to $600.00 whichever comes first to purchase including shipping for less than 3 BTC you have reserved for S4 miner. 

[vortexz]

can anyone donate me 1-3 S4 coupons please ?

User ID:vortexz

it would be much appreciated
if you need I could pay some btc in exchange, thank you !

P.S. how much discount you get with the coupon ?200$ or 400 $?