Topic: ANTMINER S5: 1155GH(+OverClock Potential), In Stock $0.319/GH & 0.51W/GH - page 203. (Read 451039 times)

If BTC goes a little more up and the price of S5 does not go up with it, it will be all good. We will wait and see.

OK, so you put off your buying and now BTC has experienced a fillip and all of the sudden bitmain are greedy?
When BTC was falling, everyone with a keyboard was shouting at bitmain to tag their BTC price to USD so they could buy in fiat, and also asked for fiat outlets e.g Amazon et al, to which they obliged. They went further and offered a 15% discount for a period after setting up the fiat channels.
Still some jombas put off their buying decision. Now the discount is gone, BTC is rising against USD ..... you only have yourselves to blame!
But all we have in this thread now is mourning and whining .... guys, what do you really want? You want to see bitmain go bust?

I  just did that and bought 3xSP20   Order 4400

Cheaper than 3x  Antminer S5 
3.954 BTC versus 4.169BTC

Ok.... I'm speechless.... removing a discount is valid... but price increase due to rising price of BTC... now that is just wrong....

just letting people know, Zoomhash still has the s5's selling at $325 with cc, paypal and bitcoin as a payment option. will prob change fast but thought I'd let yah know. I don't work for them, just noticed they are the cheapest I've found right now

Wow Took less than 48 hours for them to raise their prices from $341 to $370

I hate it when my gut is right in situations like this

Very disappointing to see this sort of transparently greedy behavior from Bitmain.

Thats not the problem, since it is the price in dollars they are increasing, first they remove the discount, and today after the discount was removed price was increased for a second time in just a few days.
At current price the sp20 is a much better choice, it is a cheaper product.
after shipping for 3, each costs:
sp20 $400 1.7 GH/s
s5     $410 1.15 GH/s

My guess is that greed has taken over, since at their low price they were still making a huge profit, as proof of that I will point out as spoondolies releases new tech at lower prices eventually bitmain will have to lower their prices below their low price that they had a few days ago.

what I think is happening they probably figure they can make more by mining themselves since the btc price went up, well for us it is a good thing we have a choice, since the sp20 has not gone up in price it makes it a better choice for us.

it is all in the business strategy used by each company:
bitmain sees that as an opportunity for them to mine and do not care about lost sales since the probably feel mining is better for them at current prices, if I am correct at a latter time we will see a lot of used s5 from them at a lower price, when they decide it is better for them to sell instead of mine. maybe bitmain is gambling that the sp20 will sell out and the only choice will be the s5, or maybe the know something we do not know, but increasing the price does not make much sense if the s5 is expected to be sold.

spoondolies probably sees this as a good opportunity to make money by selling their hardware and as long as bitmain continoues to increase the prices the sp20 sales will keep increasing.

it is sad because competition is a good thing, but in this case we will be left out with the sp20 as the only choice since one of the reasons we buy a miner is to make ROI.

Lets hope bitmain does not become the new knc or bfl, if they do someone will take their place, just like knc   or bfl is now irrelevant and most miners will never buy a product from them.

I will not be buying used mining hardware from the hardware vendors directly, because it only helps mining hardware companies compete against us the small miners in mining.

I was planning on buying some mining hardware for sometime in march, I guess I wont have a choice, it will most likely be the sp20 unless something better is released by then.

Well the S5's are 1.22 BTC ATM,if I remember correctly they were 1.20 BTC earlier.I think they just revise the dollar amount somehow  

Edit:Duh,BTC is rising,I forgot to check that   

Bitmain are real scumbags they just raised the price to $370 as of this post. The can go ram it up the furthest part of there ass fuck you BITMAIN !

If only they could buy parts in BTC and pay their employees in BTC (and not just BTC equivalent to yuan or USD). The problem is that they have to pay their bills in fiat.

Whats the point? New gen stuff in a few months anyway. the move to increase price just made up my mind to hold till next gen.  Thanks Bitmain you made my wife a happy Lady. 

It would take something big to get me to give my money to BITMAIN when they raise the price on existing tech.
Well, someone must be buying them, demand?
Or does he know people will pay whatever price hangs?
 
Increase price, wrong direction for my money.

Of coarse there in it only to fill the greedy pockets!!!! Remember there is two sides to the coin or should I say BITCOIN!!

Another thing they raise the price faster than what they drop it!!!

No...they feel that they could take more PROFIT at the current BTC rise...from their customers...

ZiG

I am wondering if Bitmain has the price of the miner tied to BTC AND difficulty as well. With difficulty going back down and BTC going up, the life span of profitability has been extended  so they feel the miner is worth more?  

Agreed.  That was the original thought process behind these bitcoin companies.  It used to be fun thinking you were getting a deal because the price was set in bitcoin, and $/btc went higher.  Hard the believe the companies that gain the most from bitcoin won't use it as the currency.

For some reason this thought does not register, but it is a bit silly to immediately adjust the dollar price to any movement in BTC/$ ratio.
Why not price it in BTC, then?

Very fair point. However, by removing the discount, they are effectively disincentivising purchases at this time.

To be fair, they didn't raise the prices. They removed the discount, though I have to say I wish they added more discount instead of removing them.

Edit: Will definitely make buying much easier with more discounts especially with the price swing. No idea whether it's going up or down...

BTC price heading into better territories. Anyone want to make any bets Bitmain raises the USD price on the S5's again in the next 48 hours ?