Antminer S1 Soon at a Loss - What to do With It? - page 2.

KimNam

hero member

Activity: 644

Merit: 500

Quote from: xray on June 21, 2014, 05:11:43 AM

I have sold over 120 Ants S1 in the past 2 weeks , I have got between 0.33BTC - 0.4BTC ,They would have probably made 0.6BTC running until Dec , but for the extra 0.2BTC and storage and power, I felt it wasnt worth it.
What i am doing now , well thats a whole new thread

where did you sell it? and from many of your buyer, where are from?
my friend try to sell it, but nobody interested here (in asia)

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Running 3 old school S1's atm. Pretty cheap electric where I'm at but planning on just shutting mine down if undervolting doesn't result in profitability until such time as bitcoin price rises enough to justify turning it back on. Might be leaving them off for sometime I realize. If nothing else maybe I'll start a Bitcoin Museum 2 or something

Harley997

sr. member

Activity: 266

Merit: 250

You should attempt to sell it.

Your ideal price should be something above what it would make mining less electric costs up until it would become unprofitable to use.

Another option would be to treat it as a lottery ticket and use it to solo mine

xray

sr. member

Activity: 341

Merit: 250

I have sold over 120 Ants S1 in the past 2 weeks , I have got between 0.33BTC - 0.4BTC ,They would have probably made 0.6BTC running until Dec , but for the extra 0.2BTC and storage and power, I felt it wasnt worth it.
What i am doing now , well thats a whole new thread

LYCAN

full member

Activity: 182

Merit: 100

yeah because of the difficulty its mine nothing soon .. better way to sell and get rid of it sell on decent price about 0.1 or more or a bit less.. it will worth nothing in some weeks..

film2240

legendary

Activity: 1022

Merit: 1000

Freelance videographer

I think you should just sell it since the longer you leave it the value of the miner will depreciate more,meaning less of a return for you.I think just sell it for as much as you can,then when the S3 comes out or another suitable miner comes out,just buy it and profit from it again.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Glass half full!

- They make great (noisy) space-heaters in the winter.

- If BTC goes to $3000 in the next few months, selling on eBay should be quite profitable, lol. Remember when BTC went to $1200? Used ASIC prices quadrupled almost overnight.

DirtFighter

member

Activity: 62

Merit: 10

Mine is plugging away still..currently costing about 30% of revenue to operate….I guess when the S3 comes out if the price is right I will get one and/or upgrade my S1

rograz

hero member

Activity: 575

Merit: 500

Quote from: cooldgamer on June 19, 2014, 02:59:14 PM

Keep it around and undervolt it when it starts losing money. Soon you'll be able to upgrade it to an S3.

The big question here is though if it's worth upgrading to an S3 rather than just keeping your S1 undervolted and mine with "free" gear at 100W@100GHs. For it to be worth it really the difference between the complete S3 and the upgrade kit has to be "worth more" than the performance you get out of the undervolted S1, else you are better off just buying complete S3s.

cooldgamer

legendary

Activity: 1218

Merit: 1003

We are the champions of the night

Keep it around and undervolt it when it starts losing money. Soon you'll be able to upgrade it to an S3.

64dimensions

hero member

Activity: 578

Merit: 508

Dude,

If you would have taken the above poster's advice and read the S1 undervoltage thread, you would have found out 2 things:

1) Undervolting the S1 results in it running cooler and as people noted in that thread as a consequence, the fan runs slower therefore quieter.

2) The Master, BITMAIN, released two mods that allows you to run the S1 in a 1W per Gh/s configuration. So instead of running at 360 W stock, the S1 is drawing around 100W after his mod while mining.

KimNam

hero member

Activity: 644

Merit: 500

Quote from: ChuckBuck on June 19, 2014, 10:57:24 AM

S3 is the replacement for the S1, for home and mid-range miners, and for replacing S1 farms.

The yet to be announced S4 will replace the S2, probably after S3 batches are sold this summer.

yeah S3 is for S1 replacement
since it's < 1 TH/s
so we need to buy many S3 (like we do with S1), and run it together to mine BTC
if their prices is good, maybe i'll buy and try it

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: KimNam on June 19, 2014, 10:46:51 AM

Quote from: ChuckBuck on June 19, 2014, 09:07:39 AM

Quote from: KimNam on June 19, 2014, 07:06:45 AM

hard to sell S1 now
it's good thing when i sold 2x S1 to my local friend
since S1 become unprofitable anymore and not good Watt/GHS
try to sell in your local market, maybe someone want it and buy from you
good luck to find buyer Tongue

Quote from: ChuckBuck on June 18, 2014, 09:42:46 AM

Sell it and use the money to get an S3! Cheesy

That thing is sexy as f##3!!!

i didn't find information about S3 before
where do you get that info? Grin

Here's the money shot:

https://bitcointalksearch.org/topic/ann-bitmain-has-tested-its-28nm-bitcoin-mining-chip-bm1382-656461

Drool city, drool drool city bitch!

thanks for the link
i thought they will make S3 for 2 TH/s before
it seems they make product with newer chips to reduce W/GHS
but so many people pesimistic about ROI in their S3 thread:(

S3 is the replacement for the S1, for home and mid-range miners, and for replacing S1 farms.

The yet to be announced S4 will replace the S2, probably after S3 batches are sold this summer.

KimNam

hero member

Activity: 644

Merit: 500

Quote from: ChuckBuck on June 19, 2014, 09:07:39 AM

Quote from: KimNam on June 19, 2014, 07:06:45 AM

hard to sell S1 now
it's good thing when i sold 2x S1 to my local friend
since S1 become unprofitable anymore and not good Watt/GHS
try to sell in your local market, maybe someone want it and buy from you
good luck to find buyer Tongue

Quote from: ChuckBuck on June 18, 2014, 09:42:46 AM

Sell it and use the money to get an S3! Cheesy

That thing is sexy as f##3!!!

i didn't find information about S3 before
where do you get that info? Grin

Here's the money shot:

https://bitcointalksearch.org/topic/ann-bitmain-has-tested-its-28nm-bitcoin-mining-chip-bm1382-656461

Drool city, drool drool city bitch!

thanks for the link
i thought they will make S3 for 2 TH/s before
it seems they make product with newer chips to reduce W/GHS
but so many people pesimistic about ROI in their S3 thread:(

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: DrG on June 19, 2014, 05:56:21 AM

Unless you're selling in bulk most people won't be able to sell off the S1 with shipping since that would negate any earnings potential. If you can find a buyer locally you might get some $ for it.

If you can't sell it, wait for the upgrade paths for the S1 and S2 that Bitmain announced, along with their S3 offering.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: KimNam on June 19, 2014, 07:06:45 AM

hard to sell S1 now
it's good thing when i sold 2x S1 to my local friend
since S1 become unprofitable anymore and not good Watt/GHS
try to sell in your local market, maybe someone want it and buy from you
good luck to find buyer Tongue

Quote from: ChuckBuck on June 18, 2014, 09:42:46 AM

Sell it and use the money to get an S3! Cheesy

That thing is sexy as f##3!!!

i didn't find information about S3 before
where do you get that info? Grin

Here's the money shot:

https://bitcointalksearch.org/topic/ann-bitmain-has-tested-its-28nm-bitcoin-mining-chip-bm1382-656461

Drool city, drool drool city bitch!

KimNam

hero member

Activity: 644

Merit: 500

hard to sell S1 now
it's good thing when i sold 2x S1 to my local friend
since S1 become unprofitable anymore and not good Watt/GHS
try to sell in your local market, maybe someone want it and buy from you
good luck to find buyer Tongue

Quote from: ChuckBuck on June 18, 2014, 09:42:46 AM

Sell it and use the money to get an S3! Cheesy

That thing is sexy as f##3!!!

i didn't find information about S3 before
where do you get that info? Grin

DrG

legendary

Activity: 2086

Merit: 1035

Unless you're selling in bulk most people won't be able to sell off the S1 with shipping since that would negate any earnings potential. If you can find a buyer locally you might get some $ for it.

SEGMining

member

Activity: 88

Merit: 10

We would be interested in purchasing your old Antminer S1s at a reasonable price.

Anyone who is interested, please PM me.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Sell it and use the money to get an S3! Cheesy

That thing is sexy as f##3!!!

Topic: Antminer S1 Soon at a Loss - What to do With It? - page 2. (Read 4018 times)