Topic: [2018-11-10] Bitmain Releases Antminer S15: How it Stacks Up Against Competitors (Read 368 times)

speaking of Bitmain and their miners
received a mail from a long time forgotten Eobot:



S9 are abandoned and not even considered to be ever profitable, but they want to try it with s15 units when they are available

As much as I hate the tactics of Bitmain I don't see any problem with this one.
They are free to sell as much as they want if they don't want to sell more than 100 miners they are free to do it.

Is somebody blaming Ferrari for making limited models or Airbus for not producing 10 000 planes a year?

The problems arise when they mine with the equipment you have bought, it's like sending you an sh product, that's a different story but you simply can't force a private company to sell equipment.

They could have easily not sold even one piece or not even released the s15 to the public.

5kwh here, I would reach ROI in 627 days....starting....

There's a saying in China, that roughly translated amounts to "If you can cheat, then cheat."

I don't trust Bitmain at all. They could tell us they "sold out" of their inventory, and for all we know they're lying around in their warehouse, or mining for Jihan instead. The slow bleed of Bitmain has accelerated, and its very possible they could be in bankruptcy by the end of this year. They're taking a huge hit on defending BCash, which by the way they've pulled back on, they have less than 14% of the hashrate under Antpool. No doubt powering down in places where it isn't profitable, and switching to Bitcoin to make up for some of their losses.

Marginal miners fall out all the time, its part of the process. The recent hashrate decline took back 6 months of added capacity, but it isn't a nightmare scenario. Bitcoin is still safe, still not about to be 51%-ed by anyone any time soon. Its the faltering alts and altforks that have to worry during a Bear market.

Several coins have been 51% attacked, and successfully too I might add. Capital misallocation always gets rewarded with big losses. Look at Coinbase, now to be known as shitCoinbase, because they're desperately trying to add more tokens to boost their revenue.

Watching BCash and shitCoinbase implode will be pretty hilarious. And they deserve every bit of it.

S15 looks like, weights like, hashrate-wise like 2 S9's put together, the only thing is not as two S9s is price, it's 3 times more than S9:)

I can think of two, one would be Whatsminer (Pangolinminer) and Innosilicon, Avalon just released a flop.
But the margins are narrowing for Bitmain, they are nowhere close to what they were a year ago in terms of market share and expectation

With the current price drop and the costs for an S15, I would still go for an S9j.

It's not even disadvantageous is almost suicide.

With the s15 standing at 400 days ROI (and we just had a huge dif drop after another one, 15% after 7%) I just can't see why you would buy this thing and if it weren't for the drop you would exceed the halving time, it makes really no sense to invest in such expensive gear.

And if you're optimistic about the BTC price....buy BTC!!!!

they might do it to undercut their competitors in the ASIC manufacturing space. bitmex put out a report about this a few months back speculating about exactly that:


so the question is, which competitors are they hoping to drive out of business?

Why would they? It makes more sense for them to shake off weaker miners, which lowers the difficulty thus increases their profitability. If you follow the hashrate, the gaps of weaker miners are filled up quickly.

Selling miners at discount prices lowers people's break-even point, which means that they are less likely to back off during less profitable time frames. Bitmain is always out to put their customers in a disadvantageous position.

Customers ordering miners are competitors. It's that simple. I'm looking forward to see Bitmain's Q4 sale figures next year, because they should have tanked badly with how the market wouldn't and still won't go up.

won't this make bitcoin mining industry concentrate in China even more?
it has been gravitating towards cheaper energy ... locations before
but now we are facing a different reality where your average Joe miner with 1-2 miners is going out of the "business"
more centralization is not what we really need
I'm sure Bitman will drop the prices sooner rather than later if the price stays in 3000-45000 range for long

For small scale miners with having a nearly high cost of Kwh of electricity would really end up into this path but there still miners who do hold up.Just like been said above
about China. Electricity is cheap or nearly free which its understandable that they would be profitable anytime.



Common for Bitmain to upgrade and they wont really let themselves sink out on the competition but basing on the current standing of this company
it might take really some time for it to be surpassed.

There are a lot of articles how miners are selling their gear and giving up due to the price drop, but i think it is due to to bitmain releasing this new product. Mining efficiency is the key to long term survival and they need to step up to stay competitive

How sad to put this things knowing that the units are already sold. Anyway, this could be a good news to all bitcoin holders for there are huge advancement of doing transaction in trading where there are many miners that will going to extend the service due to the new miner equipment being release. I doubt that there are still more upgrades of the mining system so probably trading in bitcoin will going to have at ease in the near future with the new mining equipments.

Yes, for now, it is not profitable and it is sad how many miners are throwing away or selling their machines for almost nothing instead of waiting for prices to rise again or mining no matter the cost because we all now that bitcoin worths the shot

Only if you can use it in China where government will pay you the electricity and you give officers some bitcoins, lol.

At the current price, many miners are no longer profitable.

cool

The actual price 4000_5000 USD is not good for small miners who pay for their electricity at the opposite of giant miners and those who mine using free electricity like solar panels.
The real problem will rise once the price will not recover soon.

lets see how they will sell out at 1.450$ if the price drops to 3-4k usd
it is unprofitable for an average miner with 0.1 kw/h electricity cost to mine now
the price dropped to 5200$ and doesn't seem to have found the bottom just yet , this way the smaller and "home miners"
are getting kicked out of the game and will have to stop the miners or mine to hold and hope for the price to recover

The problem with Bitmain miners are always sold out. For you to get a miner from the Bitmain official site is very hard, I don't know when these miners are going to be available for the general public in large scale. Perhaps in the future when Bitmain is facing multiple 'strong' competitions as the current competitors can't keep up.

I still have a dozen of old 330MHS USB block erupters. It was a mini project meant to bring in passive income, but it turned out to be an utter waste of time and resources. I'm glad that I quickly noticed how futile home Bitcoin mining is.

I don't think there is much to worry about as long as the main incentive is to keep Bitcoin unharmed to generate the best possible mining returns. It has been a successful business model for years and I don't see it change.

I am actually happy to see that Bitmain's dominance as main ASIC manufacturer is falling continuously with how other players have noticed how profitable it actually is to do the same, and that with faster and cheaper products.

It is a bit crazy how things are going in the cryptocurrency market, from mining with CPU to GPU then asics miners with few TH/s to 37 TH/s. More centralisation isn't as good as it looks like! Asics resistant protocols are needed in my opinion.

Bitmain has released (and already sold out of) its Antminer S15 model traditional ASIC Bitcoin miner. At a price of $1,475 per unit and a per-customer limit of two, it is comparably one of the better bargains as mining hardware goes.

It clocks up to 23 terahash per second, meaning that 3-4 units would be required to match the performance of Bitfury’s Tardis, which goes up to 80TH/s.

Full article: https://www.ccn.com/bitmain-releases-antminer-s15-how-it-stacks-up-against-competitors/