ANTMINER S2 upgrade kit? EDIT: BITMAIN WHERE ARE YOU?!?!

[RadekG]

So 2 weeks late for the release per Bitmains initial post.  End of March maybe you meant end of April?  Please we need an update.

Wait two weeks when UMISOO and S2 contract will be terminated, I am sure we will see upgrade cards when Bitmain close shipping of terminated S2.

Just think about Bitmain is your company, what will you do? Sell best HW to customers or make best profit? Or make big profit and make another big profit selling your used hardware?

If it were my company we'd do what we said we were going to do. There's enough profit to be made from being trustworthy and reliable, no need to squeak margins by screwing people over. It sucks how much greed there is in the bitcoin economy (not just from manufacturers - nigh every participant is steeped in it), but greed is a basic tenet of human nature and few people ever see past it.

Yes, you are right, there is enough profit, but it is all about money. If we count 5k S2 units, we can guess Bitmain will save about 2M USD on new hardware by dropping BTC price and terminating contracts. We will see if they have enough power to keep the price low for ten days.

[alh]

It's going down in theory because it's less a commodity and more a currency currently.  The largest shares aren't held by the hobbyist any more.

I am not understanding the above, nor do I understand why Bitcoin is more of currency and less of a commodity. While I have a pretty myopic view, it doesn't seem any more of a currency now than it was 12-months ago. While it's been less volatile in some ways, it seems to have settled in at $220-280 range in terms of price.

I also don't get the hobbyist miner connection either.

Care to elaborate on your theory here?

[Meech]

Well a commodity, stocks for instance are of course traded and sold much like Btc was and still is.  In the last year with big business adopting it as a form of payment has been huge.  It has had the opposite effect than most thought.  Bottom line if it's being spent and not held it is dropping in price.  The huge jump in price was due to many factors but was at that time being held from circulation and bought at an enormous rate.
Hobbyist or home Miners compared to large business and farms which at the height of it's climb there were very few of the latter.
12 months your right.  You have to look further back.

[klondike_bar]

Im so glad i sold my 3x S2 over a month ago. I was on the fence, waiting for the upgrade - but got a good price for them

[notlist3d]

Im so glad i sold my 3x S2 over a month ago. I was on the fence, waiting for the upgrade - but got a good price for them

Part of the reason Antminer gear is hard to upgrade is they do a pretty good job of having a value.  That is a credit to Bitmain.

Most gear you can sell to someone with cheaper electricity or "free" electricity.  And Antminer is something a lot of Ebayers search for.  Brings a good price on used equipment.  I personally have always had good luck on selling my older Antminers, and they bring a decent amount of cash.

[Meech]

For whatever reason I'm still holding on to mine.  If no news in 2 weeks (end of April) off to Ebay they go.  My hopes was that these would have been out and at a decent price.  Since no new equipment except maybe Sfards or the S4+ are coming out in the next three months I deemed the upgrade feasible.  The Bitmain info blackout either proves it's almost here for announcement or they ran into troubles.  Either way it's BS to release the news and be available for comment on the forums then be told to wait for the someday announcement.  A timeframe would be nice so we can spend our money elsewhere.

[lex_minutor]

Maybe this week is the lucky week? Maybe?

[lex_minutor]

So we got the S4+, which means that S2+ upgrade is very close, right? Right? ...

[OVRGRO]

man the s4+ sucks... who is gonna drop 1000 dollars for shittier performance than a couple s5 lol

[Meech]

The fact that they released the S4+  with old chips and not so nice specs makes me wonder if their original specs on the S2 upgrade kits are doable.

[alh]

I think Bitmain has demonstrated a keen sense of the Bictoin mining market, and will price an S2 upgrade accordingly. I mean by that it will NOT be cheap, nor represent any kind of huge leap for cheap. After all, once all the engineering and stuff is done, the easiest thing to do is adjust the price. I expect it will appear pretty pricey, and IF (and only IF), they need to respond to a competitive problem, they'll drop the price. Why else would they do anything different?

I don't own an S2, and am just looking at their pricing over the last 12 months.

[mindtrip]

Still waiting on those S2 Upgrade kits

[Meech]

I think Bitmain has demonstrated a keen sense of the Bictoin mining market, and will price an S2 upgrade accordingly. I mean by that it will NOT be cheap, nor represent any kind of huge leap for cheap. After all, once all the engineering and stuff is done, the easiest thing to do is adjust the price. I expect it will appear pretty pricey, and IF (and only IF), they need to respond to a competitive problem, they'll drop the price. Why else would they do anything different?

I don't own an S2, and am just looking at their pricing over the last 12 months.

S2's run like a miner should and they're quiet, 55-60db.  Bitmain's original spec goals deemed these worthwhile to have but time is ticking by.  I think they ran into a kink or don't want to interfere with the S4+ launch.

[mindtrip]

Dont get me wrong they are rock solid and very quite but the chips are dated its been overdue for an upgrade since he skipped the Update and offered Coupons for S4 now this time around the boards exist we know they do picures were posted on the forums but still not for sale? he knows hes got the market cornered now so he doesn't have to do the right thing for the customer anymore

[Meech]

Dont get me wrong they are rock solid and very quite but the chips are dated its been overdue for an upgrade since he skipped the Update and offered Coupons for S4 now this time around the boards exist we know they do picures were posted on the forums but still not for sale? he knows hes got the market cornered now so he doesn't have to do the right thing for the customer anymore

Exactly, for awhile they play ball when competition is there, the minute it's not they think only about $$$$$$.  The fact that they have hushed about the kits on the forums makes you wonder if they have abandoned the whole thing to promote the S4+.

[quakefiend420]

*crickets*

[mavericklm]

*crickets*

and an wonderful sky!

good that i sold mine! now i'm looking for ''summer miners''

[mindtrip]

I see a lot of S2 Boards for sale on ebay so some people have to either be trying to sell the boards now or have upgraded there S2's

[lex_minutor]

Maybe this week we'll hear something? Maybe? ...

[mindtrip]

I am patiently waiting I am trying to sell my 6 X S2's but if the upgrade kit comes out ill take them off the market and go the upgrade route instead