Topic: 50% off for antminer s19 XP by bitmain (Read 269 times)

Not really at all, block rewards include transaction fees, so as long as the price of BTC is high, there is no issue.

If you think BTC is going to go the way of that ETH scamcoin, you misunderstand the difference between BTC and every other coin, and why all the other coins are scams, but BTC isn't.

Funny that an algorithm created specifically as a scam would be considered better.

The scrypt parameters are set at their lowest/simplest values by Charlie so that you could fit it in a GPU,
but he claimed it wasn't GPU minable and thus everyone CPU mined it for about the first year.
Alas for that time frame Charlie and his cronies GPU mined LTC until they released the GPU code for everyone else.

You'll find my argument with them about it back then here:
https://bitcointalksearch.org/topic/m.548778
https://bitcointalksearch.org/topic/m.545344
https://bitcointalksearch.org/topic/m.545360
Note that tenebrix was the precursor/setup/test for LTC that uses the same scrypt algorithm with the same simplest settings to fit in a GPU.

In there you will see them repeatedly arguing that GPU mining would be slower than CPU mining.
Basically a full on scam to keep everyone on CPU mining while they GPU mined.

... and of course scrypt is clearly GPU minable as it has been for over 10 years ...

It is more the reward structure of bitcoin blocks then the actual algorithm if I understand correctly what you mean. Maybe there is some way to include lost/burned bitcoins in newly mined blocks in the future. This way reward can be kept alive while also not inflate the system.

Yeah 3k for the xp is decent price.

I have studied the way it is worded and it is too ambiguous. Very likely they will hold you payment and then send a refund.

It seems to be designed to give them an interest free loan.

It's advised against quoting full posts according to forum mods, I had no bad intention in doing so since my reply was within the context of the post as a whole.


Ok, that's true, but that someone can still arrive at the same goal by sending "normal" transactions, it's easier and takes fewer computer resources to simply look at the unconfirmed transactions and just out paying the average by 1 sat sending spam transactions between different addresses you own.

I am not saying I support these things, I just disagree with calling them a hack or exploit since the effect they have on other transactions is the same as spam transactions, so it's nothing new, someone figured out a way to store some data on the blockchain which many people refer to as "useless data" while many others who are interested in the NFT stuff and spend dozen of money on it elsewhere see it as a great improvement which they would want to use and pay for.

Wish it was simpler to buy. I have had no issues at all ordering from bitmain to be honest. I would love an XP for 3000 dollars

Well you chopped the quote short ... but anyway ...

I can't see how something that reduces the usage of Bitcoin using an exploit in segwit can be considered a good thing.
Again it reduces the number of bitcoin transfers that can occur - quite dramatically

It's basically 1/4 of the block chain BTC transaction use vs without NFTs

I guess if someone wanted people to move to scamcoins coz BTC was too slow and to expensive, then this would work for them.

It's not "I want to see what people think of it" it's a very clear very specific side effect of the exploit available in segwit witness data, of reducing the number of transactions in a block.

It's also easy to cost an NFT into a block, it just needs to be more expensive than the transactions below it, not as expensive as the top paying transactions. So while people go on about how it makes blocks get better fees, well, you can find plenty of NTF filled blocks without high fees.

Looking at bitcoin disk usage, it appears to be about a 30% increase per month since this shit started.

Why does it have to be this way? the "You either agree with me or you are my enemy" approach doesn't solve anything, there are many positive points that NFTs/Ordinals supporters have to share, it isn't only the mining/fees reward subject, there is also the aspect of "value" which said things can add to BTC at least in theory.

I'd like to make clear that I think NFTs are rubbish and I wouldn't buy the most expensive NFT for a single satoshi, but those NFTs could attract a good base of users which could result in an overall stronger blockchain.


But NFTs transferred on the blockchain are "transactions" themselves, they don't cheat the system or kick the "normal transactions" outside of the system by using some magic, they just make transacting on the blockchain more expensive, and the same thing can happen if those transactions were just spam transactions exchanging millions of outputs to keep blocks near full to raise transaction fees, so it doesn't seem like saying "attack an exploit" fits here, I think you could call it "useless data" that shouldn't be on the blockchain.

Bitmain is $$ per watt coin. No more no less.

And BTC has a real issue long term.

Not enough rewards for miners means miners will leave the coin and mine a better algo.

Scrypt is better for miners in the long run. maybe 🤔

Satoshi wanted a electrical power to coin payment system.

He built it. It kind of works.

But i would argue scrypt has more staying power than btc.

I will be dead before that plays out. say 2060 I could be wrong but I think at 103 I will be gone and m8ners will favor scrypt over sha 256

Well, we don't care about altcoins do we? Problem is spamming Bitcoin and devs doing nothing about it.

The excuse that mining must be kept alive at "any" cost, can only come from people who don't care about Bitcoin and only want to make the most money out of it and leave when it clogs perhaps having some altcoin they secretly push ready to take its place...

And Bitmain stopped being a Bitcoin company the moment they manufactured ASICs for other algorithms, or tried forking Bitcoin.

NFT's are an attack and an expliot.
They dramatically reduce the number of transactions confirmed per block.
They increase the number of unconfirmed transactions, which has been high for quite a while.

Currently, there's about 10 non-NFT blocks of outstanding transactions, or 46 NFT blocks of outstanding transactions.

Not sure how anyone could call that anything but bad for BTC.

so happy for you to post.

as I said I do not buy from bitmain directly anymore.

My last four units purchased were whatsminer m30 and m50

have a nice day😀

looks like another nonsense post who buys this equipment? everyone hates bitmain according to almost every post so why do people continue to purchase it? no way in hell some rando company makes the best miners. i dont buy it bitmain is ibm, intel, nvidia, amd or all of the above. its so gross the amount of shilling that goes on and this is the forum that is the leading force for bitcoin? looooool

i guess crypto is a dummy check the world does not need bitcoin if this is the standards. this forum is trash.

There is an extensive debate on the NFT subject, people have mixed views on the subject, but to Bitmain, the deal is simple, more data on the blockchain = more fees per block, so they make more money by

1- Keeping the block fees on their PPLNS Antpool.
2- Selling their gears for a higher price since now the gears make more BTC.

Ya, that stuff could be bad for Bitcoin in the long term, but as far as the short-term gains are concerned, Bitmain would love to flood the blockchain with all things.

Even more fucked is the NFT part.

Promoting putting garbage in blockchains is just ridiculous.

You need an account to read the deal. You need to sign in to see the deal.

The deal is so fucking complicated only a moron would do it.

As I said they still owe me a 30% off coupon from a 2000 dollar purchase.

That deal had so much fine print and they said fuck off to me.

I have purchased over 250000 in gear from them and I have sent more than 1,000,000 in other purchases to them.

And they fucked me the coupon. I will not buy directly from them unless they fix what they did.

It is a principle thing for me.

I recommend no one buying from them directly as they have been terrible the last two years.

I am trying to figure out the whole process.
I have logged in as I am a past customer and got the details

They really do not understand how to communicate in the english language and the details, though appear to be spelled out, do not really convey what the heck is really happening.
Specifically what is the  "Every 1000T can redeem 1 Pizza NFT"  - or other detail as described in step 3
I have emailed for clarification with no response.
I wish I knew a better way to paste the page, but here are the detailed instructions from Bitmain (when a customer signs in to purchase, which I have not yet)


Step 1
Reserve Your Application
March 22, 10AM - April 4, 8AM (US Eastern Time)
Flash Sale Deposit: 24U/T
Hashrate fee: 23U/T
Registration fee: 1U/T
Number of Reservations (T) :
140
Flash Sale Deposit: 3220 USD
Registration fee: 140 USD
Total Amount: 3360 USD
Activity Rules:
After successful completion of registration and payment, you need to make your purchase on April 4 at 10AM(US Eastern Time) in 24 hours.
If the transaction is successful, the 1U/T registration fee will be refunded in ANTMINER coupons to your account,and the 23U/T hashrate fee will be applied to the purchase of miners.
If the purchase is unsuccessful, the amount paid (including the hashrate fee and registration fee) will be refunded in the original payment account,with a refund processing time of approximately 2 weeks.

Step 2
Purchase S19 XP
April 4, 10AM (US Eastern Time)
Activity Rules:
Only customers who have successfully registered can purchase S19 XP Series, and the maximum purchasing hashrate is the deposit hashrate.
ANTMINER coupons and hashrate coupons can not be used on top of the S19 XP 50% discount.
The flash sale deposit will be automatically applied to the final payment, no additional payment is needed during the purchase.
There is no need to choose shipping address and logistics method when you make the purchase, the related operations and shipping cost will be submitted at "STEP4 Pick Up S19 XP".

Step 3
Redeem NFT
April 4-6, 10AM(US Eastern Time)
Customers who successfully made the purchase can redeem a commemorative BITMAIN Pizza NFT for free, and NFT holders can trade S19 XP hashrate on-chain, each NFT includes 1000T S19 XP Hashrate.

Step 4
Pick Up S19 XP
April 6-May 22, 10AM(US Eastern Time)
Activity Rules:
When you choose to pick up your S19 XP, you need to pay the shipping fee based on the address you choose.
The miner will be delivered to you within 14 working days after successful payment of shipping costs.

Link redirects to login page, it doesn't allow me to read the thing, lol. Expect nothing more.

Actually, it's really hard for you to buy in the price of 50% off, caz bots work now instead of human beings.

Fantastic deal but it looks complicated! 

https://www.bitmain.com/

https://www.bitmain.com/pizza

Very nice price for an efficient machine like the XP

Discuss!