ANTMINER S2 Discussion and Support Thread - page 130.

ZiG

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Quote from: kano on April 24, 2014, 09:04:33 PM

Quote from: klondike_bar on April 24, 2014, 02:04:17 PM

Quote from: AdvocateOne on April 24, 2014, 01:46:22 PM

Quote from: klondike_bar on April 24, 2014, 12:46:38 PM

Bitmain just issued my coupon for a B2 unit - Ive never had issues with thier coupons (other than the seemingly random values and distribution frequency as they sometimes are not rewarded for weeks after a purchase, and othertimes only a day or two after - either way a coupon is a coupon!)

My only beef with Bitmain's coupons is that they expire too quickly (usually within a 3-4 weeks). Sometimes I just want to sit on the coupons for a bit longer, but can't.

I agree, but think its totally fair that they expire. Imagine using a 0.085BTC coupon at the current price - the sale would be nearly unprofitable for Bitmain at 0.55

You think these things (S1) are expensive to make? ...

Not in China... Grin

Xian01

legendary

Activity: 1652

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Christian Antkow

Yay for Batch 3 becoming available. Boo for pricing not being competitive with A1 options out there Sad

Guess it's more A1's for me for the next little while...

AdvocateOne

newbie

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Quote from: samsonn25 on April 24, 2014, 11:12:09 PM

Computers have parts worth money, even a 4-5 year old amd or intel cpu. and Motherboard and ram. Asic machines will be paperweights.

At least good for something. Undecided

What is intriguing to me is that negative outlooks and feelings of despair among miners, historically, have signaled a renewed upward trend in the price. Of course, history need not repeat itself. Just saying...

smooth

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Quote from: samsonn25 on April 24, 2014, 11:12:09 PM

Computers have parts worth money, even a 4-5 year old amd or intel cpu. and Motherboard and ram. Asic machines will be paperweights.

They're only worth a small fraction of the new value at that point, so this is a small difference.

samsonn25

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Quote from: smooth on April 24, 2014, 11:00:26 PM

Quote from: samsonn25 on April 24, 2014, 10:27:28 PM

Any jump over 2-3% is bad.

Imagine buying a machine for $100. With a theoretical 15% increase every jump. In the first 10 days the machine makes you $10, then days 10-20 it makes only $8.40, then days 20-30 it makes $6.70. So the first 30 days it has made you $25.10. Based on my experience the first month a miner will make 70% of its lifetime ROI if the btc price stays steady.

If the jumps fall to 2-3% or even lower (which will happen at some point, probably sooner than most assume) then miners will return a lot less than 70% of their lifetime output in the first month. Eventually they will be more like regular computers with a ~3 year industrial lifespan.

Computers have parts worth money, even a 4-5 year old amd or intel cpu. and Motherboard and ram. Asic machines will be paperweights.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: samsonn25 on April 24, 2014, 10:27:28 PM

Any jump over 2-3% is bad.

Imagine buying a machine for $100. With a theoretical 15% increase every jump. In the first 10 days the machine makes you $10, then days 10-20 it makes only $8.40, then days 20-30 it makes $6.70. So the first 30 days it has made you $25.10. Based on my experience the first month a miner will make 70% of its lifetime ROI if the btc price stays steady.

If the jumps fall to 2-3% or even lower (which will happen at some point, probably sooner than most assume) then miners will return a lot less than 70% of their lifetime output in the first month. Eventually they will be more like regular computers with a ~3 year industrial lifespan.

samsonn25

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Quote from: mdude77 on April 24, 2014, 09:03:48 PM

Quote from: s1lverbox on April 24, 2014, 07:28:41 AM

Quote from: RoadStress on April 24, 2014, 07:18:23 AM

25% out of the biggest difficulty yet is something

From what i see on BitcoinWisdom it seems that we haven't reached or passed over 60k TH/s so the next difficulty jump after this one might be a very small one. Time will tell.

you right if you compare biggest jumps. but history shows that 20% in real life is not that bad as later jumps are always smaller than predicted.

That's because the predictions are flawed.

As of now I'm showing 12.7% increase on 4/30. Average block time this difficult is 8.88 minutes.

M

Any jump over 2-3% is bad.

Imagine buying a machine for $100. With a theoretical 15% increase every jump. In the first 10 days the machine makes you $10, then days 10-20 it makes only $8.40, then days 20-30 it makes $6.70. So the first 30 days it has made you $25.10. Based on my experience the first month a miner will make 70% of its lifetime ROI if the btc price stays steady.

Mining equipment prices need to drop drastically, or the price of btc must rise exponentially, unlikely. This leads to a negative standard deviation for mining right now.

Threader

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Quote from: googlemaster1 on April 24, 2014, 09:38:28 PM

So they came out and said they were issuing coupons tomorrow and ya'll are buying them today? WUuuuuuuuut

new Coupons for S1s are for recent S1 purchases. My February 2014 last purchases do not apply hence my purchase now. Waiting for new S1 coupons does not guarantee availability of S1's so it's a gamble. Good luck to you if you can get a S1 for < less than .5 BTC after coupons.

ZiG

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Activity: 406

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Quote from: AdvocateOne on April 24, 2014, 09:56:32 PM

Quote from: googlemaster1 on April 24, 2014, 09:38:28 PM

So they came out and said they were issuing coupons tomorrow and ya'll are buying them today? WUuuuuuuuut

They already issued an S2 coupon to me. Are you referring to S1 or S2 coupons?

S1, of course ....

AdvocateOne

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Quote from: googlemaster1 on April 24, 2014, 09:38:28 PM

So they came out and said they were issuing coupons tomorrow and ya'll are buying them today? WUuuuuuuuut

They already issued an S2 coupon to me. Are you referring to S1 or S2 coupons?

AdvocateOne

newbie

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Quote from: mdude77 on April 24, 2014, 09:03:48 PM

As of now I'm showing 12.7% increase on 4/30. Average block time this difficult is 8.88 minutes.

M

I hope so.

googlemaster1

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So they came out and said they were issuing coupons tomorrow and ya'll are buying them today? WUuuuuuuuut

kano

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Linux since 1997 RedHat 4

Quote from: klondike_bar on April 24, 2014, 02:04:17 PM

Quote from: AdvocateOne on April 24, 2014, 01:46:22 PM

Quote from: klondike_bar on April 24, 2014, 12:46:38 PM

Bitmain just issued my coupon for a B2 unit - Ive never had issues with thier coupons (other than the seemingly random values and distribution frequency as they sometimes are not rewarded for weeks after a purchase, and othertimes only a day or two after - either way a coupon is a coupon!)

My only beef with Bitmain's coupons is that they expire too quickly (usually within a 3-4 weeks). Sometimes I just want to sit on the coupons for a bit longer, but can't.

I agree, but think its totally fair that they expire. Imagine using a 0.085BTC coupon at the current price - the sale would be nearly unprofitable for Bitmain at 0.55

You think these things (S1) are expensive to make? ...

mdude77

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Quote from: s1lverbox on April 24, 2014, 07:28:41 AM

Quote from: RoadStress on April 24, 2014, 07:18:23 AM

25% out of the biggest difficulty yet is something

From what i see on BitcoinWisdom it seems that we haven't reached or passed over 60k TH/s so the next difficulty jump after this one might be a very small one. Time will tell.

you right if you compare biggest jumps. but history shows that 20% in real life is not that bad as later jumps are always smaller than predicted.

That's because the predictions are flawed.

As of now I'm showing 12.7% increase on 4/30. Average block time this difficult is 8.88 minutes.

M

mdopro1

sr. member

Activity: 308

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Double your Personal Bitcoin Funds.

This SP10 Dawson unit is interesting. Fans only in the back? No push/pull config?

AdvocateOne

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Quote from: miroman86 on April 24, 2014, 03:42:30 PM

I have to say the S2 is working normally without issues aside from it being down a bit when it started mining, but apart from that, been running okay since...

Selling my miners here https://bitcointalksearch.org/topic/fs-3-antminer-s1s-batch2-antminer-s2-154ths-price-change-583142

Same here. After a bit of a rough start (boards not slotted, browser interface still not working, and a mis-sized power cord), my S2 has been hashing away without issues.

miroman86

full member

Activity: 126

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I have to say the S2 is working normally without issues aside from it being down a bit when it started mining, but apart from that, been running okay since...

Selling my miners here https://bitcointalksearch.org/topic/fs-3-antminer-s1s-batch2-antminer-s2-154ths-price-change-583142

klondike_bar

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Activity: 2128

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ASIC Wannabe

Quote from: AdvocateOne on April 24, 2014, 01:46:22 PM

Quote from: klondike_bar on April 24, 2014, 12:46:38 PM

Bitmain just issued my coupon for a B2 unit - Ive never had issues with thier coupons (other than the seemingly random values and distribution frequency as they sometimes are not rewarded for weeks after a purchase, and othertimes only a day or two after - either way a coupon is a coupon!)

My only beef with Bitmain's coupons is that they expire too quickly (usually within a 3-4 weeks). Sometimes I just want to sit on the coupons for a bit longer, but can't.

I agree, but think its totally fair that they expire. Imagine using a 0.085BTC coupon at the current price - the sale would be nearly unprofitable for Bitmain at 0.55

bcollan

member

Activity: 69

Merit: 10

Quote from: AdvocateOne on April 24, 2014, 01:20:53 PM

Quote from: klondike_bar on April 24, 2014, 12:46:38 PM

0.63 BTC is fair for the S1
4.5 BTC would be fair for the S2

I agree, that right now .63 BTC is fair for the S1, and just bought a few more.

I just bought 4 more. Nothing can beat $1.65/GHs that I know of. At least nothing shipping.
Power is cheap in NJ, and I can always underclock to extend the S1 usable life.

AdvocateOne

newbie

Activity: 95

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Quote from: klondike_bar on April 24, 2014, 12:46:38 PM

Bitmain just issued my coupon for a B2 unit - Ive never had issues with thier coupons (other than the seemingly random values and distribution frequency as they sometimes are not rewarded for weeks after a purchase, and othertimes only a day or two after - either way a coupon is a coupon!)

My only beef with Bitmain's coupons is that they expire too quickly (usually within a 3-4 weeks). Sometimes I just want to sit on the coupons for a bit longer, but can't.

Topic: ANTMINER S2 Discussion and Support Thread - page 130. (Read 355730 times)