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TrevorS
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March 18, 2015, 08:30:15 AM
Last edit: March 18, 2015, 10:40:43 AM by TrevorS |
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Hey people, I'm not at all meaning to give any of you a hard time, but I continue to be very unhappy with my treatment by Bitmain. If Bitmain is your religion, then clearly, were not going to get along. I suggest you just let it be! Let Bitmain take care of what ever they choose to take care of (or not as the case may be.)
If whom you think to be a reliable business source (pay money and get appropriate return) turns out not to be, in my opinion, it's appropriate to view them in a more critical way! That's all that I'm doing! Bitmain clearly isn't an operation to trust with your BTC value, they are perfectly willing to revise value without notice or refunded BTC! How much your purchase BTC is worth against their miners is clearly unstable (even day to day)! Count your blessings! Perhaps this is the problem presented by lack of immediate competition? I paid $419 per S5 3/11, please adjust that to the current $369 3/12. Thanks very much! Am I truly wrong? Let's put it this way, I'll buy again when it comes to the S7, my unmet intent for coupons! Treat me as a customer, not an enemy (appreciate my interest in what you have to offer!) Guess what, I'll respond accordingly!
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Whoever mines the block which ends up containing your transaction will get its fee.
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alienesb
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March 18, 2015, 10:37:32 AM |
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Hey people, I'm not at all meaning to give any of you a hard time, but I continue to be very unhappy with my treatment by Bitmain. If Bitmain is your religion, then clearly, were not going to get along. I suggest you just let it be! Let Bitmain take care of what ever they choose to take care of (or not as the case may be.)
If whom you think to be a reliable business source (pay money and get appropriate return) turns out not to be, in my opinion, it's appropriate to view them in a more critical way! That's all that I'm doing! Bitmain clearly isn't an operation to trust with your BTC value, they are perfectly willing to revise value without notice or refunded BTC! How much your purchase BTC is worth against their miners is clearly unstable (even day to day)! Count your blessings! Perhaps this is the problem presented by lack of immediate competition? I paid $419 per S5 3/11, please adjust that to the current $369 3/12. Thanks very much! Am I truly wrong? Let's put it this way, I'll buy again when it comes to the S7, my unmet intent for coupons! Treat me as a valued customer, not an enemy! Guess what, I'll respond accordingly!
Miners are pretty much priced with a 3 month ROI, excluding electricity and shipping. BTC price goes down, miners price goes down. BTC price rises then they raise the price of the miners. Been this way for quite a while now. |
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TrevorS
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March 18, 2015, 10:46:28 AM
Last edit: March 18, 2015, 11:02:26 AM by TrevorS |
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I'm thinking a mere three month ROI is wishful thinking! However, your point is?
Perhaps mining is hopeless? Well, may be, but if the mining gear still holds possibility for the small scale miner, it's not unlikely the small scale miner might give it a shot? Is your intent to totally discredit the possibilities of such miners? If so, then you've totally discredited the distributed nature of the BTC Blockchain (ie. noncentralized). Just what is it that BTC pretends towards? There's a big difference between some vague ideality and true reality. What is the true advantage of BTC?
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coinits
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011110000110110101110010
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March 18, 2015, 10:53:54 AM |
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And your point is?
Perhaps mining is hopeless? Well may be, but if the mining gear still holds possibility for the small scale miner, it's not unlikely the small scale miner might give it a shot?
In the current marketplace mining is profitable. |
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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philipma1957
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'The right to privacy matters'
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March 18, 2015, 01:28:42 PM |
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Coins dropped to 274 overnight. So do we get a further price drop ? Not yet still 416 shipped to NJ,USA
Only thing that is good new is Diff dropping about-2%
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sidehack
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Curmudgeonly hardware guy
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March 18, 2015, 01:41:21 PM |
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I should have seen that price drop coming and warned everyone. Whenever we take in large orders or invoices paid in coin, the exchange rate always plummets immediately after. Every single time. It's a curse. So yesterday we took in something like 15BTC on one invoice, of course it drops overnight.
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adaseb
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March 18, 2015, 02:45:06 PM |
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So looking back at all the Bitmain releases in the past. It seems if you have free or cheap electricity the only miner that would of got ROI and made you some profit is the Antminer S1.
The S2 / S3 would of been getting barely ROI right at the moment.
The S4 / S5 not even close.
This is assuming one pays retail.
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BitLeafClover
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March 18, 2015, 04:06:00 PM |
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So looking back at all the Bitmain releases in the past. It seems if you have free or cheap electricity the only miner that would of got ROI and made you some profit is the Antminer S1.
The S2 / S3 would of been getting barely ROI right at the moment.
The S4 / S5 not even close.
This is assuming one pays retail.
PSA - this is also assuming that they send you working miners to begin with. Please see my thread: https://bitcointalk.org/index.php?topic=994874.0;topicseenTL;DR Bitmain mailed me two broken miners in January. I sent them in for repairs 3 times, which took over a month. I lost out on ROI, asked for compensation, was send 20 mBTC, some stickers and a t-shirt. |
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Xian01
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Christian Antkow
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March 18, 2015, 04:11:01 PM |
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I lost out on ROI, asked for compensation, was send 20 mBTC, some stickers and a t-shirt.
How many BTC were you able to mine with the stickers and t-shirt ?  |
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vabchgent
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March 18, 2015, 04:25:51 PM |
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@dogie @Bitmainwarranty
Looks like everyone is happy with Bitmain right now.
Can you guys have a look at the firmware on The S5 looks like extremely high reject rates. The S4 firmware seems to have fixed the S4's problem. But the S5 seems to be doing the same thing on westhash and ban.I have tried all sorts of settings and configurations same results. Thanks in advance
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Mikestang
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March 18, 2015, 04:36:08 PM |
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I lost out on ROI, asked for compensation, was send 20 mBTC, some stickers and a t-shirt.
How many BTC were you able to mine with the stickers and t-shirt ? I think they expected him to resell them and make up some of his lost ROI.  |
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BitLeafClover
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March 18, 2015, 04:37:32 PM |
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I lost out on ROI, asked for compensation, was send 20 mBTC, some stickers and a t-shirt.
How many BTC were you able to mine with the stickers and t-shirt ? Everybody knows SHA256 is t-shirt and sticker resistant. [ANN] Launching new high tech coin: TShirtAndStickerCoin. Find it on the exchanges: XTSSC! Mining hardware sold exclusively by Bitmain. |
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dogie
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dogiecoin.com
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March 18, 2015, 05:09:28 PM |
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@dogie @Bitmainwarranty
Looks like everyone is happy with Bitmain right now.
Can you guys have a look at the firmware on The S5 looks like extremely high reject rates. The S4 firmware seems to have fixed the S4's problem. But the S5 seems to be doing the same thing on westhash and ban.I have tried all sorts of settings and configurations same results. Thanks in advance
Can you post a screenshot of S5 side and pool side of what it looks like? |
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soy
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March 18, 2015, 05:53:15 PM |
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Darn, was about to put the hammer down on an S5, waited while a Bitcoin-QT picked up 12 hours, did a bit of work, went to buy and BAM, the new low btc value drove up the btc cost.
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cryptoglance
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March 18, 2015, 07:19:53 PM |
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Also, Bitmain does not endorse any third party solutions, however, CryptoGlance is a nice status reporting system Yoshi even uses time to time as well as M's Miner. (Both solution works for any CGMINER API enabled Bitcoin Miners.
Cheers Bitmain! Thanks for making the Antminer so easy to work with. |
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dogie
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dogiecoin.com
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March 18, 2015, 08:56:20 PM |
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Also, Bitmain does not endorse any third party solutions, however, CryptoGlance is a nice status reporting system Yoshi even uses time to time as well as M's Miner. (Both solution works for any CGMINER API enabled Bitcoin Miners.
Cheers Bitmain! Thanks for making the Antminer so easy to work with. That's the beauty of APIs Makes it so easy for systems to talk to each other. |
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vabchgent
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March 18, 2015, 09:02:16 PM |
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@dogie @Bitmainwarranty
Looks like everyone is happy with Bitmain right now.
Can you guys have a look at the firmware on The S5 looks like extremely high reject rates. The S4 firmware seems to have fixed the S4's problem. But the S5 seems to be doing the same thing on westhash and ban.I have tried all sorts of settings and configurations same results. Thanks in advance
Can you post a screenshot of S5 side and pool side of what it looks like? @dogie Give me some time but yes ASAP. Thanks |
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vabchgent
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March 18, 2015, 09:06:10 PM |
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Also, Bitmain does not endorse any third party solutions, however, CryptoGlance is a nice status reporting system Yoshi even uses time to time as well as M's Miner. (Both solution works for any CGMINER API enabled Bitcoin Miners.
Cheers Bitmain! Thanks for making the Antminer so easy to work with. Here goes the endorsement I use cryptoglance - Works with a lot of pools and miners looks good (computer free and cell app-Cell app cost 99C thru the store well worth it) - It is fully supported by user cryptoglance. You have a problem you wont have one for long if you let them know. |
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aarons6
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March 18, 2015, 09:44:33 PM |
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So looking back at all the Bitmain releases in the past. It seems if you have free or cheap electricity the only miner that would of got ROI and made you some profit is the Antminer S1.
The S2 / S3 would of been getting barely ROI right at the moment.
The S4 / S5 not even close.
This is assuming one pays retail.
dont know how you did your math, but my 2 s3s that i paid 1.36 btc for have nearly made 4btc. sounds like a profit to me. on top of that, those s3s have a few months left on them.. probably another 1.5btc. they also funded the purchase of s5.. free of charge to me. |
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soy
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March 18, 2015, 09:58:13 PM
Last edit: March 18, 2015, 10:18:54 PM by soy |
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Interesting. I went to buy an S5. Delayed a bit and had to try again. Price went up in terms of Bitcoins as the value was dropping. So, I quickly sent the increased BTC amount from Coinbase and it shows completed. But, on the Bitmain website the purchase shows expired!
The order shows created at 2015-03-18 17:55:10.0 on Bitmain. Coinbase shows completed at March 18, 2015 13:57 EDT.
I believe I made the purchase within a couple of minutes of observing the increased price.
And I've already bought the power supplies.
Anyone had any experience getting a btc refund from Bitmain? These aren't shipping until March 30 and I expect Bitcoin to take a spring rise - on the other hand buying now and knowing the sale when thru would allow timely preparation.
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