Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip - page 42.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: samsonn25 on July 06, 2014, 11:54:21 AM

Quote from: Biodom on July 06, 2014, 11:45:58 AM

Quote from: samsonn25 on July 06, 2014, 11:26:20 AM

They can mine about .185 btc left with .08 cents electricity in China.

.08 btc with .16 electricity like most of USA.

.01 btc with .30 electricity like alot of Europe.

even mining.thegenesisblock gives better numbers:

$220 in revenue in 3 mo with ~$90 in expenses
after that-pencil mod and another month of profitability.
total profit $145 or 0.228 BTC
assumed $0.12/kwh in electricity (this is what i pay in US) and $634/BTC

Your .12 electricity and 634 btc price will mine .129 btc lifetime.

this can't be right, unless you are subtracting the electricity cost. all calculators show ~0.3BTC total (BEFORE subtracting the electricity cost).
if you are assuming 18% jump every 10 days-it is simply NOT going to happen, unless hardware market goes truly crazy.

samsonn25

hero member

Activity: 882

Merit: 1003

Quote from: Biodom on July 06, 2014, 11:45:58 AM

Quote from: samsonn25 on July 06, 2014, 11:26:20 AM

They can mine about .185 btc left with .08 cents electricity in China.

.08 btc with .16 electricity like most of USA.

.01 btc with .30 electricity like alot of Europe.

even mining.thegenesisblock gives better numbers:

$220 in revenue in 3 mo with ~$90 in expenses
after that-pencil mod and another month of profitability.
total profit $145 or 0.228 BTC
assumed $0.12/kwh in electricity (this is what i pay in US) and $634/BTC

Your .12 electricity and 634 btc price will mine .129 btc lifetime.

Is your calculator adjusting for difficulty jumps every 2 weeks, which means less mining power.

In September when diff is near 38 Billion it will mine only .013 more btc.

Its the same numbers/formula . Only adjusted values. Change for diff, electricity, btc price. hash rate, power

I use 18% diff, .16 elec, current btc

And I did a whole article recently in which US customers have usually higher electricity rates than the wholesale cost on their bills. Typically including delivery, transportation, generation, and administrative fees this usually adds 4-6 cents to a bill. My wholesale rate here in PA is .12 cents but the bottom line is .16 when its all calculated and time to pay for the watts used.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: samsonn25 on July 06, 2014, 11:26:20 AM

They can mine about .185 btc left with .08 cents electricity in China.

.08 btc with .16 electricity like most of USA.

.01 btc with .30 electricity like alot of Europe.

even mining.thegenesisblock gives better numbers:

$220 in revenue in 3 mo with ~$90 in expenses
after that-pencil mod and another month of profitability.
total profit $145 or 0.228 BTC
assumed $0.12/kwh in electricity (this is what i pay in US) and $634/BTC

samsonn25

hero member

Activity: 882

Merit: 1003

They can mine about .185 btc left with .08 cents electricity in China.

.08 btc with .16 electricity like most of USA.

.01 btc with .30 electricity like alot of Europe.

Mudbankkeith

hero member

Activity: 868

Merit: 1000

Quote from: RogMiner on July 06, 2014, 06:00:26 AM

Quote from: Mudbankkeith on July 06, 2014, 04:36:36 AM

Quote from: RogMiner on July 06, 2014, 04:21:06 AM

I think it may be better to purchase the S3's now and dump the S1's on eBay

If
S1's are selling on EBay for £50-00
then
they may be a better buy than new S3's Huh

??

Not sure they will actually be selling for £50.00 at the moment, many seem to achieve £150 - 250 as they wil still be useful for about 6 months, depending on BTC value.

Last week there were about 6 sellers, this week 60?

There are many asking £250 with 0 bids.

RogMiner

newbie

Activity: 33

Merit: 0

Quote from: Mudbankkeith on July 06, 2014, 04:36:36 AM

Quote from: RogMiner on July 06, 2014, 04:21:06 AM

I think it may be better to purchase the S3's now and dump the S1's on eBay

If
S1's are selling on EBay for £50-00
then
they may be a better buy than new S3's Huh

??

Not sure they will actually be selling for £50.00 at the moment, many seem to achieve £150 - 250 as they wil still be useful for about 6 months, depending on BTC value.

Mudbankkeith

hero member

Activity: 868

Merit: 1000

Quote from: RogMiner on July 06, 2014, 04:21:06 AM

I think it may be better to purchase the S3's now and dump the S1's on eBay

If
S1's are selling on EBay for £50-00
then
they may be a better buy than new S3's Huh

??

RogMiner

newbie

Activity: 33

Merit: 0

I think it may be better to purchase the S3's now and dump the S1's on eBay

Mudbankkeith

hero member

Activity: 868

Merit: 1000

Quote from: RogMiner on July 05, 2014, 07:13:09 AM

Quote from: sciack on July 05, 2014, 03:09:38 AM

Quote from: RogMiner on July 05, 2014, 02:39:12 AM

Bitmain said the upgrade kit for S1's would be available n a few months, by that time I fear they will be of little use

Who said that? I wrote them an email few days ago and they told me is going to be available very soon.

I sent them an email and asked when S1 upgrades would be available and the answer came back "upgrade plan will be released in several months, please wait for our official announcement".

"upgrade plan will be released in several months"

This reads more like a trade in option. Probably when the S3 is no longer selling in large numbers.
Just think how many S1 farms you could control, if you had very cheep/free Chinese hydro electric, using free S1 returned units.

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

Quote from: RogMiner on July 05, 2014, 07:38:37 AM

Quote from: samsonn25 on July 05, 2014, 07:30:32 AM

It seems it would be easier to upgrade s2 units than s1.

Isn't an S2 just essentially multiple S1 blades in a bigger case? In which case I assume it would be just as esy to upgrade an S2 as it would be to upgrade an S1. I would assume that if the upgrade kit is ever made available it would consist of the bare boards leaving us to bolt on the existing heatsinks (careful with the paste) and fit them into the case.

I am not sure why Bitmain are not releasing the upgrades yet as I would have thought it would be quick BTC for them as they won't have to supply heatsinks or cases, I can olny assume the delay is either due to firmware issues or because they want to get the most out of new purchases first.

the S1 and S2 are very different. The S1 upgrade would be pcb-only since the heatsinks are so large. An S2 upgrade would almost certainly include heatsinks, as they are much thinner and re-mounting 10 pcbs to heatsinks per S2 would be a pain

RogMiner

newbie

Activity: 33

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Quote from: samsonn25 on July 05, 2014, 07:30:32 AM

It seems it would be easier to upgrade s2 units than s1.

Isn't an S2 just essentially multiple S1 blades in a bigger case? In which case I assume it would be just as esy to upgrade an S2 as it would be to upgrade an S1. I would assume that if the upgrade kit is ever made available it would consist of the bare boards leaving us to bolt on the existing heatsinks (careful with the paste) and fit them into the case.

I am not sure why Bitmain are not releasing the upgrades yet as I would have thought it would be quick BTC for them as they won't have to supply heatsinks or cases, I can olny assume the delay is either due to firmware issues or because they want to get the most out of new purchases first.

samsonn25

hero member

Activity: 882

Merit: 1003

It seems it would be easier to upgrade s2 units than s1.

RogMiner

newbie

Activity: 33

Merit: 0

Quote from: sciack on July 05, 2014, 03:09:38 AM

Quote from: RogMiner on July 05, 2014, 02:39:12 AM

Bitmain said the upgrade kit for S1's would be available n a few months, by that time I fear they will be of little use

Who said that? I wrote them an email few days ago and they told me is going to be available very soon.

I sent them an email and asked when S1 upgrades would be available and the answer came back "upgrade plan will be released in several months, please wait for our official announcement".

skizzneena

member

Activity: 95

Merit: 10

Quote from: RogMiner on July 05, 2014, 02:39:12 AM

Bitmain said the upgrade kit for S1's would be available n a few months, by that time I fear they will be of little use

For certain people, myself included, this would actually work out perfectly. I am paying low electricity cost so I plan on running my S1s until at least October. Would be a waste to get rid of the S1 blades before their usage time is up. So yeah, lettin them hash out a little more profit for a couple months, then upgrading boards, sounds like a leet strat to me. Also, Im not just waiting for the board upgrades, pickin up 2 S3s on batch 3.

sushi

full member

Activity: 238

Merit: 100

ASIC Myth Buster

You can just use the same worker on 2 S3. btcguild or even eligius, you can do that!!

Quote from: mcmike313 on July 05, 2014, 03:22:28 AM

is there anyway to group two s3's together as the one mining pool username? will this be better as you can up the difficulty of your worker or pointless?

mcmike313

newbie

Activity: 41

Merit: 0

is there anyway to group two s3's together as the one mining pool username? will this be better as you can up the difficulty of your worker or pointless?

sciack

member

Activity: 115

Merit: 10

Quote from: RogMiner on July 05, 2014, 02:39:12 AM

Bitmain said the upgrade kit for S1's would be available n a few months, by that time I fear they will be of little use

Who said that? I wrote them an email few days ago and they told me is going to be available very soon.

RogMiner

newbie

Activity: 33

Merit: 0

Bitmain said the upgrade kit for S1's would be available n a few months, by that time I fear they will be of little use

sciack

member

Activity: 115

Merit: 10

We need the update kit for S1's!!

BITMAIN

hero member

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Merit: 514

https://www.bitmain.com

AntMiner S3 NEWS

The Third Batch of S3 sales price is dropped to 0.725 BTC each with international shipping, which will open sales at 22:00 pm on July 4th (UTM + 8 ). The Third Batch is most likely to be shipped before July 20th, but no more than one or two days delay may happen.

Topic: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip - page 42. (Read 368268 times)