You pay X btc.
If the machine mines back the X btc you're at break even.
If the machine mines X+1 btc you're at pofit.
If the miner mines X-1 btc you're at loss.
At option 1 or 2 you make a better deal with buying btc and speculating for the price rise.
IMHO
Edit: quakefiend was faster than me.
Topic: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH - page 301. (Read 527809 times)
October 15, 2015, 01:08:28 PM
October 15, 2015, 01:06:44 PM
Toomim's price is $80/KW/Month if you chose the yearly, it's not specifically for S7s. It works out to $3.23 for each S7 per day or $12.91/day for 4 S7s. It was costing me $28.32 per day for roughly the same TH/S with all of my S5s at another host before I sold everything.
http://toom.im/
Guess I'm lucky. My power cost $0.0535 kW/h so a S7 cost about $1.87/day to run from my home (that including 20% overhead power for room fans). Even so, the math I just did indicated a 232 day payback for my Batch 1s. Of course, that is optimistic since it presumes today's difficulty for the entire time.
Its almost humorous, but the only thing I have that has ROIed is my Batch 9 S3s. I make about $0.46/day real profit on each of them. Woo woo!
The math is actually trickier than it appears. For instance, since I paid with BTC, if the value of BTC goes up, so did my cost... right? Or should I lock in price based on BTC value when I bought?
I always calculate ROI in BTC. How many BTC could I have bought instead of this gear? Then calculate power usage the same way each month, instead of paying electricity for this gear, how much BTC could I have bought at today's price? When $TotalBtcMined > ($UpfrontCostInBtc + $CombinedMonthlyElectricityInBtc) I've achieved ROI.
But I've always held onto what I mine, I don't sell it as it comes it. If I were selling what I mine then I'd do the math in dollar terms.
EDIT: don't forget the resale value of the gear eventually, I've come out better in BTC terms before by selling gear when BTC price was low, therefore commanding more BTC per unit. Sometimes it just makes more sense to get that immediate BTC return then to wait for the miner to make it...
October 15, 2015, 12:54:49 PM
Toomim's price is $80/KW/Month if you chose the yearly, it's not specifically for S7s. It works out to $3.23 for each S7 per day or $12.91/day for 4 S7s. It was costing me $28.32 per day for roughly the same TH/S with all of my S5s at another host before I sold everything.
http://toom.im/
Guess I'm lucky. My power cost $0.0535 kW/h so a S7 cost about $1.87/day to run from my home (that including 20% overhead power for room fans). Even so, the math I just did indicated a 232 day payback for my Batch 1s. Of course, that is optimistic since it presumes today's difficulty for the entire time.
Its almost humorous, but the only thing I have that has ROIed is my Batch 9 S3s. I make about $0.46/day real profit on each of them. Woo woo!
The math is actually trickier than it appears. For instance, since I paid with BTC, if the value of BTC goes up, so did my cost... right? Or should I lock in price based on BTC value when I bought?
October 15, 2015, 12:41:46 PM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
Toomim's price is $80/KW/Month if you chose the yearly, it's not specifically for S7s. It works out to $3.23 for each S7 per day or $12.91/day for 4 S7s. It was costing me $28.32 per day for roughly the same TH/S with all of my S5s at another host before I sold everything.
http://toom.im/
Toomim provides both remote hands and remote access. But let's be honest, I use hosting services for harmony on the home front. No noise, no struggling to find enough electrical circuits so I don’t burn my house down, no fighting to keep the temperatures at a reasonable level, and not having my wife pass out every time she opens the electric bill!
But everything you said.
At datacenter 24/7 power is great. 24/7 internet also. Cooling great also.
When my cable would go out I would have heart failure. Now all good.
Neat thing for me, datacenter is 2 miles from my house. But I have remote pdu's so i don't even have to drive down the street.
I'm paying about the same.
October 15, 2015, 12:34:44 PM
Let's look at the bright side. We're making $6.50 - $7.00 per miner per day without having to deal with heat or noise, or even needing a PSU.
At least that's what I'm trying to tell myself while crying it out every night when the UPS truck passes my house
At least that's what I'm trying to tell myself while crying it out every night when the UPS truck passes my house
LOL!
Of course in my case where the S7s will be deployed in a data center with free electricity, I get no advantage at all from the meager compensation.
That's what pissed me off bigtime too. I have free power and now out almost 1BTC due to the BS delays of not having my S7s on hand.
October 15, 2015, 12:26:17 PM
Let's look at the bright side. We're making $6.50 - $7.00 per miner per day without having to deal with heat or noise, or even needing a PSU.
At least that's what I'm trying to tell myself while crying it out every night when the UPS truck passes my house
At least that's what I'm trying to tell myself while crying it out every night when the UPS truck passes my house
LOL!
Of course in my case where the S7s will be deployed in a data center with free electricity, I get no advantage at all from the meager compensation.
October 15, 2015, 12:21:25 PM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
Toomim's price is $80/KW/Month if you chose the yearly, it's not specifically for S7s. It works out to $3.23 for each S7 per day or $12.91/day for 4 S7s. It was costing me $28.32 per day for roughly the same TH/S with all of my S5s at another host before I sold everything.
http://toom.im/
Toomim provides both remote hands and remote access. But let's be honest, I use hosting services for harmony on the home front. No noise, no struggling to find enough electrical circuits so I don’t burn my house down, no fighting to keep the temperatures at a reasonable level, and not having my wife pass out every time she opens the electric bill!
October 15, 2015, 12:15:13 PM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
Toomim's price is $80/KW/Month if you chose the yearly, it's not specifically for S7s. It works out to $3.23 for each S7 per day or $12.91/day for 4 S7s. It was costing me $28.32 per day for roughly the same TH/S with all of my S5s at another host before I sold everything.
http://toom.im/
October 15, 2015, 12:07:52 PM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
Toomim's price is $80/KW/Month if you chose the yearly, it's not specifically for S7s. It works out to $3.23 for each S7 per day or $12.91/day for 4 S7s. It was costing me $28.32 per day for roughly the same TH/S with all of my S5s at another host before I sold everything.
http://toom.im/
October 15, 2015, 12:00:51 PM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
I stand corrected; they were SUPPOSED to be shipped directly to Toomim. I just found all 4 packages scheduled to be shipped directly to me by the 19th. My order/confirm date was 2015-09-06 22:25:04. Now I know.
can't you redirect them?
Hopefully I can. I have many options now that I'm not completly in the dark.
October 15, 2015, 11:58:26 AM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
I stand corrected; they were SUPPOSED to be shipped directly to Toomim. I just found all 4 packages scheduled to be shipped directly to me by the 19th. My order/confirm date was 2015-09-06 22:25:04. Now I know.
can't you redirect them?
October 15, 2015, 11:55:48 AM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
I stand corrected; they were SUPPOSED to be shipped directly to Toomim. I just found all 4 packages scheduled to be shipped directly to me by the 19th. My order/confirm date was 2015-09-06 22:25:04. Now I know.
October 15, 2015, 11:50:54 AM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
October 15, 2015, 11:46:28 AM
Mine has changed to "Unshipped" also...I guess it's to fix that little snafu. I am concerned about hearing that 9/8 orders are being shipped and my 9/6 order is still silent.
Which shipper is yours coming?
These are slated for UPS...but they are going directly to Toomim Bros for hosting so I can't look for items being shipped to my address under MyUPS.
October 15, 2015, 11:24:27 AM
For what it's worth, I never got a shipping notification at all. I found out my S7 was shipped when the UPS man rang the doorbell.
DHL was a little better. No notification from Bitmain, or responses to my tickets/e-mails, but DHL texted me on Sunday (then it got hung in customs for an additional 2 days).
October 15, 2015, 11:22:44 AM
My order/pay date was 9/8/2015. I just checked my UPS account and it now shows the shipment with a tracking number. It has a delivery date of 10/19. nothing from Bitmain yet so anyone else waiting should check with their shipper to see if yours is on its way.
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
My order/pay date was 9/6/2015 and I still have no info yet. We may be getting close!
It's irritating that people who ordered after me are getting shipping info. My order/pay date was 9/5. Like some of you, this morning my order has been changed from "shipped" with no other info to "unshipped". Still no tracking info either from Bitmain or FedEx.
This is my second order. I used coupons for that order. Maybe they prioritize shipping based on how much money they made, not the order that payment was received?
Or maybe since I complained by email (even though I was professional) my order has been de-prioritized.
More likely it's just chaos over there.
Let's look at the bright side. We're making $6.50 - $7.00 per miner per day without having to deal with heat or noise, or even needing a PSU.
At least that's what I'm trying to tell myself while crying it out every night when the UPS truck passes my house
October 15, 2015, 11:13:18 AM
My order/pay date was 9/8/2015. I just checked my UPS account and it now shows the shipment with a tracking number. It has a delivery date of 10/19. nothing from Bitmain yet so anyone else waiting should check with their shipper to see if yours is on its way.
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
My order/pay date was 9/6/2015 and I still have no info yet. We may be getting close!
It's irritating that people who ordered after me are getting shipping info. My order/pay date was 9/5. Like some of you, this morning my order has been changed from "shipped" with no other info to "unshipped". Still no tracking info either from Bitmain or FedEx.
This is my second order. I used coupons for that order. Maybe they prioritize shipping based on how much money they made, not the order that payment was received?
Or maybe since I complained by email (even though I was professional) my order has been de-prioritized.
More likely it's just chaos over there.
I think your theory of chaos is going to be correct. They were behind before the holiday. Taking a holiday amplified problems.
Chances are each person with problems sent in multiple emails, so tons of work to catch up. Also not having enough miners to fill out batch one has to have them in over drive.
But with compensation so low they really are not having to big of penalty even if they are late. It's still low problem for them as far as payment owed if late.
October 15, 2015, 11:10:29 AM
My order/pay date was 9/8/2015. I just checked my UPS account and it now shows the shipment with a tracking number. It has a delivery date of 10/19. nothing from Bitmain yet so anyone else waiting should check with their shipper to see if yours is on its way.
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
My order/pay date was 9/6/2015 and I still have no info yet. We may be getting close!
It's irritating that people who ordered after me are getting shipping info. My order/pay date was 9/5. Like some of you, this morning my order has been changed from "shipped" with no other info to "unshipped". Still no tracking info either from Bitmain or FedEx.
This is my second order. I used coupons for that order. Maybe they prioritize shipping based on how much money they made, not the order that payment was received?
Or maybe since I complained by email (even though I was professional) my order has been de-prioritized.
More likely it's just chaos over there.
I used a coupon on my order.
October 15, 2015, 11:09:11 AM
My order/pay date was 9/8/2015. I just checked my UPS account and it now shows the shipment with a tracking number. It has a delivery date of 10/19. nothing from Bitmain yet so anyone else waiting should check with their shipper to see if yours is on its way.
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
My order/pay date was 9/6/2015 and I still have no info yet. We may be getting close!
It's irritating that people who ordered after me are getting shipping info. My order/pay date was 9/5. Like some of you, this morning my order has been changed from "shipped" with no other info to "unshipped". Still no tracking info either from Bitmain or FedEx.
This is my second order. I used coupons for that order. Maybe they prioritize shipping based on how much money they made, not the order that payment was received?
Or maybe since I complained by email (even though I was professional) my order has been de-prioritized.
More likely it's just chaos over there.
Well I ordered Batch 1 and Batch 2. Batch 1 is in my house mining, but I think the shipping info on batch 2 is just that info saying shipped and nothing else.
I think I may wait quite a while for batch 2 to 'really' be shipped.
Today is the first day that batch 2 is said to ship. So far no batch 2 info with tracking has been mentioned on this thread. So don't worry your gear may be further along then you think.
October 15, 2015, 11:04:37 AM
My order/pay date was 9/8/2015. I just checked my UPS account and it now shows the shipment with a tracking number. It has a delivery date of 10/19. nothing from Bitmain yet so anyone else waiting should check with their shipper to see if yours is on its way.
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
EDIT: China 10/15/2015 3:56 A.M. Order Processed: Ready for UPS
My order/pay date was 9/6/2015 and I still have no info yet. We may be getting close!
It's irritating that people who ordered after me are getting shipping info. My order/pay date was 9/5. Like some of you, this morning my order has been changed from "shipped" with no other info to "unshipped". Still no tracking info either from Bitmain or FedEx.
This is my second order. I used coupons for that order. Maybe they prioritize shipping based on how much money they made, not the order that payment was received?
Or maybe since I complained by email (even though I was professional) my order has been de-prioritized.
More likely it's just chaos over there.
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