ANTMINER S3+ Discussion and Support Thread - page 512.

sikke

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Activity: 504

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Quote from: lowbander80 on July 01, 2014, 12:34:52 AM

See ebay item I dont know how Cheesy

but they have more pictures of the S3 than Bitmain itself

231272033301

Quote from: iglasses on June 30, 2014, 02:06:04 PM

Bitmain,

Any chance of getting some pics of the business end of an S3? I would like to see the connectors, etc. so I am ready to plug in when they start shipping.

You guys are just kidding about the July 10 (if not later) date right? You are really planning to box em up and ship on the 5th or 6th RIGHT?? lol

ig

Looks like that is Bitmain factory ebay account.

http://www.ebay.com/usr/bitmain.antminer?

sixteendigits

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Activity: 462

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The fact that bitmain has included 2 extra pci-e connectors solely for purposes of overclocking, and they are hyping how cool, quiet, and efficient they are, leads me to believe these little guys may have a lot of headroom when it comes to overclocking. S1 saw an increase in hashrate of around 10% when overclocked. Say the S3 can overclock ~20% higher hashrate, now you are in the 560-570 ghs range. That is starting to sound like a pretty good deal for .75 BTC.

Of course this is all conjecture, but plausible. Hmmmm.....it is taking a lot of willpower to not open my BTC wallet and order 2 more right now.

contactlight

full member

Activity: 168

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Quote from: newguy05 on July 01, 2014, 12:44:22 AM

Hi, if my order says

Paid
Unshipped
Valid

That means it's all good right? just need to wait for bitmain to ship

Yes

newguy05

hero member

Activity: 1316

Merit: 503

Someone is sitting in the shade today...

Hi, if my order says

Paid
Unshipped
Valid

That means it's all good right? just need to wait for bitmain to ship

lowbander80

legendary

Activity: 1036

Merit: 1000

See ebay item I dont know how Cheesy

but they have more pictures of the S3 than Bitmain itself

231272033301

Quote from: iglasses on June 30, 2014, 02:06:04 PM

Bitmain,

Any chance of getting some pics of the business end of an S3? I would like to see the connectors, etc. so I am ready to plug in when they start shipping.

You guys are just kidding about the July 10 (if not later) date right? You are really planning to box em up and ship on the 5th or 6th RIGHT?? lol

ig

contactlight

full member

Activity: 168

Merit: 100

Quote from: sixteendigits on June 30, 2014, 07:39:05 PM

Quote from: data55 on June 30, 2014, 02:25:46 PM

Quote from: drmadison on June 30, 2014, 02:11:26 PM

I'm having a hard time with this...

I certainly WANT to buy up a number of these...I even was ready to pull the trigger on another rack at my co-lo here for the hosting.

But running the numbers I'm having 0 luck making it make sense...
I'm seeing positive returns die after 4 months, with maybe 60-70% of the initial cost being recouped (after electricity costs) before they would need to be shut down. Even if I ran them at home with a slightly lower hosting cost it's a no-go.

Is anyone able to pull together numbers that make sense? Or are we rushing to buy these because we want new toys?

And remember...the argument of buying them in the hopes of BTC skyrocketing just means you may as well spend your money on more coins, or holding the ones you have...

Start mining as soon as you get the S3, and keep tabs on what they are selling for around the web... From my experience, mining for 50%-75% of the miners life on full tilt or OC'd if possible gives you enough coin (barring no crazy drops in value) that you can then sell the miner for some profit.. I have done this with a few 1TH+ machines and it has yet to fail. I'm hoping the same is true with smaller power, more in demand antminers..

Edit: this is my first time buying new, so it might not work out. In the past i've bought used, mined for a few weeks then flipped for the same price i paid on ebay. They pay crazy prices over there, just factor in ebay and paypal fees.

This is pretty much my strategy with all ASICs. If you want until it doesn't even pay for it's electricity anymore, NOTHING is gonna ROI. Give your S3 a good home for a few months while the hashrate it offers is somewhat respectable, then sell it at an inflated price to some dummy on ebay who doesn't realize it is nearly obsolete hardware. If you wait until it isn't paying for it's own electricity anymore, the market is flooded with them. Gotta beat the other miners to the 2nd hand market. Kinda takes a long time to see any sort of return and it's not much, but it gives me a new toy to play with for a few months and earns me a few hundred bucks or a fraction of a BTC in the end, so what the hell.

Of course this is tough to do if your goal is investing big in hardware. I'm just a small time miner, it'll be easy for me to sell off my 2 S3's in a few months. Now if you had hundreds of them.....yeah it's a pretty bad investment.

Exactly my thinking.

bjalbert

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Activity: 166

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Quote from: sixteendigits on June 30, 2014, 07:39:05 PM

Quote from: data55 on June 30, 2014, 02:25:46 PM

Quote from: drmadison on June 30, 2014, 02:11:26 PM

I'm having a hard time with this...

I certainly WANT to buy up a number of these...I even was ready to pull the trigger on another rack at my co-lo here for the hosting.

But running the numbers I'm having 0 luck making it make sense...
I'm seeing positive returns die after 4 months, with maybe 60-70% of the initial cost being recouped (after electricity costs) before they would need to be shut down. Even if I ran them at home with a slightly lower hosting cost it's a no-go.

Is anyone able to pull together numbers that make sense? Or are we rushing to buy these because we want new toys?

And remember...the argument of buying them in the hopes of BTC skyrocketing just means you may as well spend your money on more coins, or holding the ones you have...

Start mining as soon as you get the S3, and keep tabs on what they are selling for around the web... From my experience, mining for 50%-75% of the miners life on full tilt or OC'd if possible gives you enough coin (barring no crazy drops in value) that you can then sell the miner for some profit.. I have done this with a few 1TH+ machines and it has yet to fail. I'm hoping the same is true with smaller power, more in demand antminers..

Edit: this is my first time buying new, so it might not work out. In the past i've bought used, mined for a few weeks then flipped for the same price i paid on ebay. They pay crazy prices over there, just factor in ebay and paypal fees.

This is pretty much my strategy with all ASICs. If you want until it doesn't even pay for it's electricity anymore, NOTHING is gonna ROI. Give your S3 a good home for a few months while the hashrate it offers is somewhat respectable, then sell it at an inflated price to some dummy on ebay who doesn't realize it is nearly obsolete hardware. If you wait until it isn't paying for it's own electricity anymore, the market is flooded with them. Gotta beat the other miners to the 2nd hand market. Kinda takes a long time to see any sort of return and it's not much, but it gives me a new toy to play with for a few months and earns me a few hundred bucks or a fraction of a BTC in the end, so what the hell.

Of course this is tough to do if your goal is investing big in hardware. I'm just a small time miner, it'll be easy for me to sell off my 2 S3's in a few months. Now if you had hundreds of them.....yeah it's a pretty bad investment.

Same thing here for the most part once 80 amp panel is maxed I swap out S1s for S3s. Sell on ebay for realized profit. I have been reinvesting BTC into equipment and it is a race to stay ahead. I mostly see money on stuff I sell except I have taken out a couple grand.

sixteendigits

sr. member

Activity: 462

Merit: 250

Quote from: data55 on June 30, 2014, 02:25:46 PM

Quote from: drmadison on June 30, 2014, 02:11:26 PM

I'm having a hard time with this...

I certainly WANT to buy up a number of these...I even was ready to pull the trigger on another rack at my co-lo here for the hosting.

But running the numbers I'm having 0 luck making it make sense...
I'm seeing positive returns die after 4 months, with maybe 60-70% of the initial cost being recouped (after electricity costs) before they would need to be shut down. Even if I ran them at home with a slightly lower hosting cost it's a no-go.

Is anyone able to pull together numbers that make sense? Or are we rushing to buy these because we want new toys?

And remember...the argument of buying them in the hopes of BTC skyrocketing just means you may as well spend your money on more coins, or holding the ones you have...

Start mining as soon as you get the S3, and keep tabs on what they are selling for around the web... From my experience, mining for 50%-75% of the miners life on full tilt or OC'd if possible gives you enough coin (barring no crazy drops in value) that you can then sell the miner for some profit.. I have done this with a few 1TH+ machines and it has yet to fail. I'm hoping the same is true with smaller power, more in demand antminers..

Edit: this is my first time buying new, so it might not work out. In the past i've bought used, mined for a few weeks then flipped for the same price i paid on ebay. They pay crazy prices over there, just factor in ebay and paypal fees.

This is pretty much my strategy with all ASICs. If you want until it doesn't even pay for it's electricity anymore, NOTHING is gonna ROI. Give your S3 a good home for a few months while the hashrate it offers is somewhat respectable, then sell it at an inflated price to some dummy on ebay who doesn't realize it is nearly obsolete hardware. If you wait until it isn't paying for it's own electricity anymore, the market is flooded with them. Gotta beat the other miners to the 2nd hand market. Kinda takes a long time to see any sort of return and it's not much, but it gives me a new toy to play with for a few months and earns me a few hundred bucks or a fraction of a BTC in the end, so what the hell.

Of course this is tough to do if your goal is investing big in hardware. I'm just a small time miner, it'll be easy for me to sell off my 2 S3's in a few months. Now if you had hundreds of them.....yeah it's a pretty bad investment.

grn

sr. member

Activity: 357

Merit: 252

Quote from: gigabitfx on June 30, 2014, 07:23:22 PM

When registering a new account, I cant seem to receive the verification email from bitmaintech.com no matter what email address I use. Anyone experiencing the same?

~~you wont get one before it ships~~

sorry misread your question

gigabitfx

newbie

Activity: 9

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When registering a new account, I cant seem to receive the verification email from bitmaintech.com no matter what email address I use. Anyone experiencing the same?

mark978

newbie

Activity: 13

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Are we all conditioned to actually believe crap like "3-4month ROI are over"??

15%diff, 24 days from now start time with free power.... ROI in 110 days Roll Eyes

Its a cruel joke right?

Bitmain, please re-spin your numbers and come back with a 80-90 day ROI like your end of line S1

My 10 S1 will earn 40% more by the end of 2015 then 10 S3 will...

(free power, up to 18kw, thank you poorly written 3 year lease!)

cathoderay

sr. member

Activity: 379

Merit: 250

Welcome to dogietalk.bs

Quote from: dlasher on June 30, 2014, 04:58:05 PM

Any chance of a price adjustment with the BTC$USD up so much today?

The price is in BTC - no matter what the rate of your particular fiat currency.

Would you ask for a price adjustment if the rate went down?

MMXIV

full member

Activity: 252

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We are raffling off two S3 units - https://bitcointalksearch.org/topic/raffle-mmxiv-is-raffling-off-two-antminer-s3s-sold-out-drawing-on-the-27th-671686

Good luck!

dlasher

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Activity: 467

Merit: 250

Any chance of a price adjustment with the BTC$USD up so much today?

rkinnin

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Activity: 316

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Quote from: padrino on June 30, 2014, 02:15:24 PM

Quote from: iglasses on June 30, 2014, 02:06:04 PM

Bitmain,

Any chance of getting some pics of the business end of an S3? I would like to see the connectors, etc. so I am ready to plug in when they start shipping.

You guys are just kidding about the July 10 (if not later) date right? You are really planning to box em up and ship on the 5th or 6th RIGHT?? lol

ig

The picture on the site shows the power connectors, 4 PCIe on top but only two are needed...

As the announcement said the other two are for "over clocking". It seems that BitMain is taking into account that we plan to over clock. ......but to what amount is the question?

DotSauce

newbie

Activity: 60

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Quote from: drmadison on June 30, 2014, 02:11:26 PM

I'm seeing positive returns die after 4 months, with maybe 60-70% of the initial cost being recouped (after electricity costs) before they would need to be shut down. Even if I ran them at home with a slightly lower hosting cost it's a no-go.

The days of 4 months ROI are coming to an end of course. You'll simply have to run the machine for a little longer time... Not sure what charts you're looking at, likely difficulty which is a major estimate. IMO Bitcoin mining should be a long term investment game.

Energy cost to run an S3 is approx $0.88 - $1 a day. I don't expect that this machine will go from earning $9 per day to only $1 per day for a very long time. So, if it's making more than $1 a day there is no reason to turn it off.

I imagine I will still be running my S1's for some time... so long as I have the space (though it's more likely I will sell them and upgrade to S3). Also should note I am supplementing income by leasing to earn a little more BTC per day.

dlasher

sr. member

Activity: 467

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Quote from: yslyung on June 30, 2014, 03:14:33 PM

finally ordered, paid , confirmed got 3 & now waiting for coupon to order more

Any coupons to share before I order?

yslyung

legendary

Activity: 1500

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Mine Mine Mine

finally ordered, paid , confirmed got 3 & now waiting for coupon to order more

unclemiko

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cool, thanks

Biodom

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Quote from: data55 on June 30, 2014, 02:57:51 PM

Quote from: Biodom on June 30, 2014, 02:48:30 PM

yes, "pay confirm" means in bitmain lingo that your pay of 1.5 btc is confirmed.
How do I know: because this is EXACTLY what my previous (S1 and S2) orders said

This makes me feel better. I'm still surprised 3+ hours later that i haven't heard anything back from customer support... I understand its a busy day, but it wuld be nice for them to bring their communication/customer service standards up to the level of their hardware. I believe this a key factor in any business.

Quote from: unclemiko on June 30, 2014, 02:55:54 PM

I have the exact same scenario going on.
Should i be worried that i have not received a confirmation email?

Nor have I.

that pdf is your confirmation, your initial order should have email sent back to you (not the confirmation)
I never get confirmation email from bitmain BEFORE the item is shipped, you get one on shipping.

Topic: ANTMINER S3+ Discussion and Support Thread - page 512. (Read 710164 times)