Bitmain - Prices are Ridiculous

[Minnesooooota]

I know, I know... you are a business, and you here to make money. Compared to other vendors, you are still better. However, charging $140 USD for shipment of 2 S3 miners + high cost of the miners themselves costs more now than it did months ago. Just had to get this thought out there  

[jonnybravo0311]

S3 B1 was 0.75BTC each.  On release date, BTC was $620, so each S3 was $465.  Total cost for 2 was $930.

S3 B5 was 0.68BTC each.  On release date, BTC was $585, so each S3 was $397.80.  Total cost for 2 was $795.60.

S3+ B10 is 0.572BTC each.  At $400, that's $228.80 each, so $457.60.  Shipped to my door via UPS adds 0.333BTC or $133.20.  Total cost for 2 is $590.80.

Certainly looks like they've gotten cheaper to me...

[DMeeks]

But the profitability seems to be dropping.. so not worth buying it

[jonnybravo0311]

But the profitability seems to be dropping.. so not worth buying it

That's a whole other discussion

[Minnesooooota]

S3 B1 was 0.75BTC each.  On release date, BTC was $620, so each S3 was $465.  Total cost for 2 was $930.

S3 B5 was 0.68BTC each.  On release date, BTC was $585, so each S3 was $397.80.  Total cost for 2 was $795.60.

S3+ B10 is 0.572BTC each.  At $400, that's $228.80 each, so $457.60.  Shipped to my door via UPS adds 0.333BTC or $133.20.  Total cost for 2 is $590.80.

Certainly looks like they've gotten cheaper to me...

Bad comparison. Money was refunded for S3 B1, remember?

Also, B7-B10, price has stayed the same. B9 and B8 were cheaper to buy than B10.

[jonnybravo0311]

S3 B1 was 0.75BTC each.  On release date, BTC was $620, so each S3 was $465.  Total cost for 2 was $930.

S3 B5 was 0.68BTC each.  On release date, BTC was $585, so each S3 was $397.80.  Total cost for 2 was $795.60.

S3+ B10 is 0.572BTC each.  At $400, that's $228.80 each, so $457.60.  Shipped to my door via UPS adds 0.333BTC or $133.20.  Total cost for 2 is $590.80.

Certainly looks like they've gotten cheaper to me...

Bad comparison. Money was refunded for S3 B1, remember?

Also, B7-B10, price has stayed the same. B9 and B8 were cheaper to buy than B10.

I'll give you the 7% refund for B1 (I forgot about it to be honest) .

While B7 - B9 price remained the same at 0.58BTC per unit, the value of BTC dropped considerably (down to $280 at one point last week).  Bitmain only tacked on shipping to B10, correct?

Don't get me wrong, I think it sucks that Bitmain suddenly started to charge for shipping, where they previously never did.  However, given that had I actually placed an order for a pair of B10 S3+ when they went on sale, the units would have been 1.16BTC or ~$350.  If you included shipping in that cost, or about $100, Bitmain would have made only $125 per miner.  I'm pretty sure this is the reason they decided to start charging for shipping - to not eat too much of their bottom line.

[tripppn]

After seeing the B10 price I was sooooo happy I got in on B9 at the last literal second.  It sucks the price of btc is so low and that's why the price is so high for equipment.  But the price of btc is going the right direction so hopefully we will go back to normal here soon.

[MelodyRowell]

After seeing the B10 price I was sooooo happy I got in on B9 at the last literal second.  It sucks the price of btc is so low and that's why the price is so high for equipment.  But the price of btc is going the right direction so hopefully we will go back to normal here soon.

Lucky you, many people missed the B9 boat

[Collider]

Bitmain has the cheapest available GH at the moment afaik.

The question you are asking is: will newly bought hardware ROI (quickly).

Nobody can answer that question, as nobody knows the price of BTC in the future, aswell as the difficulty, your power costs....

[MilesJohan]

Bitmain actually has the cheapest cloud mining right now. But hope they drop further....

[bitzcointalk]

NO HARDWARE WILL ROI.
IT WAS ALL A SCAM AND THEY KNEW IT ALL ALONG!
https://bitcointalk.org/index.php?topic=802414.msg9159439#msg9159439
https://litecointalk.org/index.php?topic=22290.msg212985#msg212985
 

Still not convinced.
Try this, last calculator you will ever need:
http://www.vnbitcoin.org/litecoincalculator

[Sythyn]

NO HARDWARE WILL ROI.
IT WAS ALL A SCAM AND THEY KNEW IT ALL ALONG!
https://bitcointalk.org/index.php?topic=802414.msg9159439#msg9159439
https://litecointalk.org/index.php?topic=22290.msg212985#msg212985
 

Still not convinced.
Try this, last calculator you will ever need:
http://www.vnbitcoin.org/litecoincalculator

Its not a scam, just not a good investment thats all...

[spazzdla]

Some people buy miners to secure the network...

[Snipe85]

NO HARDWARE WILL ROI.

That's what people were saying when the first ASICS came out.
This can be quoted along with:
Bitcoin is dead.
Mining is dead.
We will never break $100
We will never break $1000
And many other.

[Kimowa]

Some people buy miners to secure the network...

Seriously, I hate those people. They are making electricity company rich..

[bitgeek]

Looks like the prices aren't that bad and some people are buing in bulk.
GAW just announced that they bought over 5 Petahash from them.

[JessicaSe]

Looks like the prices aren't that bad and some people are buing in bulk.
GAW just announced that they bought over 5 Petahash from them.

The price that gaw pay is lower cause they are buying bulk..... So you can't compare if you are only buying 1-2 miner..

[Phyzic]

Instead of looking at price, see the service it will provide you.
You can get much benefit out of it.

[junglecat]

I too enjoyed the free shipping, but they still have the best price per GH.

[arorts]

Looks like the prices aren't that bad and some people are buing in bulk.
GAW just announced that they bought over 5 Petahash from them.

Sure but GAW is jacking prices up. Just compare the price per GH of Genesis hashlets vs S3's.