BITMAIN announces Antpool

[Glucose]

Im starting to wonder as well .. the last few days we have had shit luck finding very few blocks. Hashing on Antpool at 500th and getting a 2.5btc payout two days in a row sucks.. and the pool is not on track to do much so far today.

500 th wow..

Yeah, we had bad luck these last days.

But I think it's probably just some kind of variance and we probably will have lucky days ahead :-)

[TTravis]

It's call variance and it's normal

Except when it isn't.  There are many factors that go into the ultimate performance of AntPool.  Luck
is just one of them.  It is also possible that they have problems from time to time.

Such as?

All kinds of things can cause problems.  Power outages, Internet problems, software/hardware problems, fire, flood, or other disaster, hackers and attackers, and lazy incompetent operators.  Basically everything has to be working perfectly for it to boil down to simply luck and statistics.

[mogs]

It's call variance and it's normal

Except when it isn't.  There are many factors that go into the ultimate performance of AntPool.  Luck
is just one of them.  It is also possible that they have problems from time to time.

Such as?

All kinds of things can cause problems.  Power outages, Internet problems, software/hardware problems, fire, flood, or other disaster, hackers and attackers, and lazy incompetent operators.  Basically everything has to be working perfectly for it to boil down to simply luck and statistics.

True, true! All in all Antpool has been great though!

[anamichii]

371827    2015-08-28 07:53:52    129.19 PH/s    902,354,592   
371826    2015-08-28 07:53:22    69.37 PH/s            75,006,689,727


jump from 69.37 PH to 129.19 PH 

[lucky1974]

The S7 is out but the price is totally absurd!!!!

https://bitmaintech.com/productDetail.htm?pid=00020150827084021471OHYdwd9D06A0

[clgrissom3]

Buying 1 S7 is like buying 4 S5s for $455.75 plus it uses only half the electricity...that doesn’t seem so absurd.  The price seems to be reasonable to me considering it's only just released.  The main problem is if you only wanted to buy 1 S5 then the S7 is priced out of reach.

[TracerX]

371827    2015-08-28 07:53:52    129.19 PH/s    902,354,592   
371826    2015-08-28 07:53:22    69.37 PH/s            75,006,689,727


jump from 69.37 PH to 129.19 PH 

Someone just turned up some S7's in the datacenter.  That was as sweet block, though.

[lucky1974]

Buying 1 S7 is like buying 4 S5s for $455.75 plus it uses only half the electricity...that doesn’t seem so absurd.  The price seems to be reasonable to me considering it's only just released.  The main problem is if you only wanted to buy 1 S5 then the S7 is priced out of reach.

Yea right with the price of bitcoin dropping that alone it's not worth that price and then not counting the diff going through the roof the s7 is only going to make the BTC market crash by creating I higher global hashrate. BTC IS GOING TO CRASH YOU WILL SEE.

its not worth the price!

[clgrissom3]

Buying 1 S7 is like buying 4 S5s for $455.75 plus it uses only half the electricity...that doesn’t seem so absurd.  The price seems to be reasonable to me considering it's only just released.  The main problem is if you only wanted to buy 1 S5 then the S7 is priced out of reach.

Yea right with the price of bitcoin dropping that alone it's not worth that price and then not counting the diff going through the roof the s7 is only going to make the BTC market crash by creating I higher global hashrate. BTC IS GOING TO CRASH YOU WILL SEE.

its not worth the price!

I'm fine with you not wanting buying the S7...I respect your position and how you arrived at that point.  I personally would love to replace my 20-S5s with 5-S7s and save myself about $440 a month in electrical costs while maintaining roughly the same hash rate (and therefore not contributing to the inevitable BTC market crash).  The S7 initial price and specs would actually be a win-win for me as it is right now.  If I can get in on any group buys, it would be even better!

[Fatman3001]

Considering where the difficulty will go we're looking at 1 year to ROI.

[clgrissom3]

Considering where the difficulty will go we're looking at 1 year to ROI.

Yes, if you were starting from scratch the ROI would probably be a year or more but everyone's situation is different.  My current hardware paid for itself in July so if I sell my 20 S5s for something like $300 each I would have $6000 towards 5 S7s.  That would make my initial investment about $3500 with 24,300 GH/s, 6050 Watts, and power at 0.10.  If you plug those numbers in it shows 94 days to break even.  Even if difficulty made a huge jump in the next 3 months it would look like maybe 188 days to break even for me.  Like I said, everyone's situation is different.

[lucky1974]

Considering where the difficulty will go we're looking at 1 year to ROI.

Yes, if you were starting from scratch the ROI would probably be a year or more but everyone's situation is different.  My current hardware paid for itself in July so if I sell my 20 S5s for something like $300 each I would have $6000 towards 5 S7s.  That would make my initial investment about $3500 with 24,300 GH/s, 6050 Watts, and power at 0.10.  If you plug those numbers in it shows 94 days to break even.  Even if difficulty made a huge jump in the next 3 months it would look like maybe 188 days to break even for me.  Like I said, everyone's situation is different.

Now that you save on electric you can run double the hashing power with the S7 as you could before and you will do it. If everybody does the same thing as you it will cause a major global hash rate speed the BTC price will drop DIFF will go through the roof and the market will crash and all your S7 will be worth nothing. anyway that's life. but the price of the S7 is ridiculous. Look at the global hash rate since the S5+ came out it went from 380 PH/s to 416 PH/s. Now how much higher you think its going to go until there is a big CRAAAAAAAAAAASSSSSSSSSSSSSSSSHHHHHHHHH !

WELL GREED CONTROLS THE MARKET THATS LIFE. BITMAIN SHOULD KNOW WITH THAT PRICE FOR THE S7.

 

[Fatman3001]

Considering where the difficulty will go we're looking at 1 year to ROI.

Yes, if you were starting from scratch the ROI would probably be a year or more but everyone's situation is different.  My current hardware paid for itself in July so if I sell my 20 S5s for something like $300 each I would have $6000 towards 5 S7s.  That would make my initial investment about $3500 with 24,300 GH/s, 6050 Watts, and power at 0.10.  If you plug those numbers in it shows 94 days to break even.  Even if difficulty made a huge jump in the next 3 months it would look like maybe 188 days to break even for me.  Like I said, everyone's situation is different.

Not really. You could just sell those machines and call it quits. Every purchase needs to stand on its own feet or there's no point to it.

On the flip side, I don't believe 16nm or 14nm processes will improve efficiency much beyond what the S7 can deliver. And 8-11nm is 3-4 years away. We might be looking at a miner that will be competitive for a couple of years after ROI is reached.

[Fatman3001]

Considering where the difficulty will go we're looking at 1 year to ROI.

Yes, if you were starting from scratch the ROI would probably be a year or more but everyone's situation is different.  My current hardware paid for itself in July so if I sell my 20 S5s for something like $300 each I would have $6000 towards 5 S7s.  That would make my initial investment about $3500 with 24,300 GH/s, 6050 Watts, and power at 0.10.  If you plug those numbers in it shows 94 days to break even.  Even if difficulty made a huge jump in the next 3 months it would look like maybe 188 days to break even for me.  Like I said, everyone's situation is different.

Now that you save on electric you can run double the hashing power with the S7 as you could before and you will do it. If everybody does the same thing as you it will cause a major global hash rate speed the BTC price will drop DIFF will go through the roof and the market will crash and all your S7 will be worth nothing. anyway that's life. but the price of the S7 is ridiculous. Look at the global hash rate since the S5+ came out it went from 380 PH/s to 416 PH/s. Now how much higher you think its going to go until there is a big CRAAAAAAAAAAASSSSSSSSSSSSSSSSHHHHHHHHH !

WELL GREED CONTROLS THE MARKET THATS LIFE. BITMAIN SHOULD KNOW WITH THAT PRICE FOR THE S7.

 

If everyone did like clgrissom3 we would have another bull run and we would all be swimming around in gold paint and drying it off with dollar bills.

[worhiper_-_]

I junst noticed that the coinbase text of blocks mined in antpool goes on auction. Has anybody used this? Can it be used to put things like BIP100/BIP101/8Mb in? I've been watching blocks from antpool voting for 8Mb but I assume that the auctioned text in the coinbase doesn't affect the vote.

[DebitMe]

I junst noticed that the coinbase text of blocks mined in antpool goes on auction. Has anybody used this? Can it be used to put things like BIP100/BIP101/8Mb in? I've been watching blocks from antpool voting for 8Mb but I assume that the auctioned text in the coinbase doesn't affect the vote.

No, it is used to put text into the block chain on a mined block.  I used it for the first time yesterday and am hoping that my message on the 5th makes it in.

[-droid-]

Considering where the difficulty will go we're looking at 1 year to ROI.

Yes, if you were starting from scratch the ROI would probably be a year or more but everyone's situation is different.  My current hardware paid for itself in July so if I sell my 20 S5s for something like $300 each I would have $6000 towards 5 S7s.  That would make my initial investment about $3500 with 24,300 GH/s, 6050 Watts, and power at 0.10.  If you plug those numbers in it shows 94 days to break even.  Even if difficulty made a huge jump in the next 3 months it would look like maybe 188 days to break even for me.  Like I said, everyone's situation is different.

Not really. You could just sell those machines and call it quits. Every purchase needs to stand on its own feet or there's no point to it.

On the flip side, I don't believe 16nm or 14nm processes will improve efficiency much beyond what the S7 can deliver. And 8-11nm is 3-4 years away. We might be looking at a miner that will be competitive for a couple of years after ROI is reached.

yeah I agree the 16nm and 14nm still has lots of kinks to work out with efficiency, i know intel is battling that now at some of their FAB's with the 3D tech.. uses more power than its worth

BITMAIN is smart with a fully customization 28nm chip with awesome efficiency

[-droid-]

im curious if most people are PPS on antpool or PPLNS, I've been PPLNS for awhile but with the recent bad luck the past few weeks i switched over

[Fatman3001]

I'm getting some really weird readings on my antpool dashboard.

It had dropped to 15% on the 10min a couple of hours ago and had 30% on the 30min and 60% on the 1h.

Now, it's still 15% on the 10min, but both 30min and 1h has climbed quite a bit and keeps climbing.

The graphics flips between showing flat and a drop on the hourly every time I refresh the page.

Any ideas?

[allinvain]

I'm getting some really weird readings on my antpool dashboard.

It had dropped to 15% on the 10min a couple of hours ago and had 30% on the 30min and 60% on the 1h.

Now, it's still 15% on the 10min, but both 30min and 1h has climbed quite a bit and keeps climbing.

The graphics flips between showing flat and a drop on the hourly every time I refresh the page.

Any ideas?

I've noticed that too. Right now my 10 min average is only 10% of my hashing power, the 30 min average is a quarter and the 1 HR is 3 quarters. The graphing on antpool is frankly disappointing. Not only is it always laggy now it started being inaccurate too. In the past it did this too but it was only very briefly that the lower time frame averages would dip like that and come back.

I also see that some of my worker names report 0.0 TH hashing rate even though on the miner side they show as hashing just fine. So the pool is accepting shares, but either they do not count towards my account - ie they are not hashing for me - or they just don't count period.

I'm not sure if this is relevant but I mine using their US stratum link as that by far has lower latency.

I really hope they sort this out soon.