Topic: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH - page 385. (Read 527816 times)

I don't agree that we will see a huge spike in hashrate because that would affect the price of BTC too much. Rather they will switch out older hardware for new giving a slight bump in hashrate but the real difference is in their fixed costs - they will make much more profit with the savings in power.

Thanks for clarifying about it being pricing of rigs and not bitcoin.

I actually think the other companies will hit the network hard with a lot of hash at less than 0.12 per GH/s to push out a lot of miners.  It will be rough in the beginning for them but they will ultimately push everyone out.  The chances of them doing this during the winter is not as good as this coming spring.  So, if people are going to continue mining, this winter may be their final opportunity to do it at this low of difficulty.  I can see 90+ billion in difficulty quite easily by spring time with the new rigs about to hit the network.  The only thing home miners have to hope for is an equivalent rise in price of bitcoin to offset it.  That means price of bitcoin would have to be at least $420 if difficulty was 90 billion.

I'm just thankful I have sold all of my rigs.  I had 44 rigs.  I have two S5's and one S3+ remaining.  Their auction is almost over on eBay now.  I had a couple of S4's sell for over $600.  The other S4's were around the $550 to $570 range.  I sold many of the SP20's for more and/or for the same that I paid for them in the 15 package with free shipping.  S5's have been going for around $365 on eBay lately.

No, can't blame them.  I would want to make money too if I were them.  It's not just them and the S7 I'm worried about.  It's KnC and Spondoolies as well.

Totally agree... At the end of the day Bitmain isn't a charity, and while they, like other companies in the space can honestly (I hope) state they do enjoy being in the space, it's about profit...

Far too many people still have this utopian home GPU miner hobbyist view of the crypto currency ecosystem (most directly SHA-256), while it's great to believe in the greater good the reality is that at the end of the day it's about profit, if not for the founders of the companies, the investors that helped build them.

Aren't you the guy who posted photos in the "miners porn" thread? You had that "kid" constantly harassing you.

I remember you had a nice setup, sad that you are getting out of the mining game.

I'm saying if there are other companies selling mining gear chances of hiking price is slimmer ( I think).   They were making S5's when SP20, and Avlaon 4.1 had stopped making batches.

That kinda gave them 100 percent their choice on pricing.  And I am not saying I blame them or horrible company.  I'm sure it was all a business decision.  I can understand it even thought I don't like it.

And I don't disagree other companies is going to be slim.  But there is a little hope of others.

Thanks for clarifying about it being pricing of rigs and not bitcoin.

I actually think the other companies will hit the network hard with a lot of hash at less than 0.12 per GH/s to push out a lot of miners.  It will be rough in the beginning for them but they will ultimately push everyone out.  The chances of them doing this during the winter is not as good as this coming spring.  So, if people are going to continue mining, this winter may be their final opportunity to do it at this low of difficulty.  I can see 90+ billion in difficulty quite easily by spring time with the new rigs about to hit the network.  The only thing home miners have to hope for is an equivalent rise in price of bitcoin to offset it.  That means price of bitcoin would have to be at least $420 if difficulty was 90 billion.

I'm just thankful I have sold all of my rigs.  I had 44 rigs.  I have two S5's and one S3+ remaining.  Their auction is almost over on eBay now.  I had a couple of S4's sell for over $600.  The other S4's were around the $550 to $570 range.  I sold many of the SP20's for more and/or for the same that I paid for them in the 15 package with free shipping.  S5's have been going for around $365 on eBay lately.

I'm saying if there are other companies selling mining gear chances of hiking price is slimmer ( I think).   They were making S5's when SP20, and Avlaon 4.1 had stopped making batches.

That kinda gave them 100 percent their choice on pricing.  And I am not saying I blame them or horrible company.  I'm sure it was all a business decision.  I can understand it even thought I don't like it.

I'm assuming you are saying it will halt the hiking of price because there will be more people selling it [creating downward pressure on the markets]?

The S5 was unique as it kept making many when other vendors stopped previous gen.  So they kinda had control of market and could do what they wanted.  If there is even just one more company out there releasing to general public it will cause at least stop some hiking of the price.

That is assuming they are only one selling when it happens .  If there are other vendors out there it is much different.

The S5 was unique as it kept making many when other vendors stopped previous gen.  So they kinda had control of market and could do what they wanted.  If there is even just one more company out there releasing to general public it will cause at least stop some hiking of the price.

Yes, but you know Bitmain...  They will raise the price of the S7 if the price of BTC rises to 300.

Well the thing is if you bought btc at 230 and btc rises to 300 you would have been better off holding original BTC than buying the miner.   The miner would cost less BTC at 300 btc value.

So again that went into my ROI notes.   My ROI notes and math was kinda a sad place.

I'm sure it is a great product on S7.  Sorry if I am a little negative after trying to do my ROI sheet, I just got a lot of unknowns when i put it on paper.

I don't think home miners will ever turn off their gear when difficulty skyrockets, they just sell it to someone with cheaper power costs. Look at how many threads there are in the "Classifieds" section with people in 3rd world countries starting up farms because they have free or cheap electricity.

I think by Febuary the difficulty will be 100G. Because in October or so, winter is coming and many will power on rigs to offset heating costs. There is also these new S7's being produced which will increase the hashrate very fast.

I don't think these S7's will ever make anyone any profit even $1, unless the BTC price goes into the $300 region OR if the equipment gets sold at a high resale value.

If these S7's were gauranteed money makers, Bitmain would just mine with them themselves and just sell us the S5+.

I don't think home miners will ever turn off their gear when difficulty skyrockets, they just sell it to someone with cheaper power costs. Look at how many threads there are in the "Classifieds" section with people in 3rd world countries starting up farms because they have free or cheap electricity.

I think by Febuary the difficulty will be 100G. Because in October or so, winter is coming and many will power on rigs to offset heating costs. There is also these new S7's being produced which will increase the hashrate very fast.

I don't think these S7's will ever make anyone any profit even $1, unless the BTC price goes into the $300 region OR if the equipment gets sold at a high resale value.

If these S7's were gauranteed money makers, Bitmain would just mine with them themselves and just sell us the S5+.

Also remember the ones that will be coming later choose to go a lower NM chips.  So efficiency is hard to guess on some of them.  That adds to me being scared.

Bitmain made a smart business decision with mastering this NM chip, it allowed them to be first to market on next gen.  So I give their R/D department credit for the decision and these chips. 

So there is difficulty and what the competition gets on efficiency to look at when really putting down ROI thoughts.

Yes, that is my concern as well.  I'm not sure what KnC is going to do; what Spondoolie's is going to do...  It's just too damn hard to say.  I came close to purchase of 9 S7's just a moment ago but I did not have the method of shipping chosen.  So, the order did not go through yet.  I did not know to take that as an omen or what.     So, I still have not ordered yet...

If KnC and Spondoolies add a hell of a lot of hash, we could see difficulty as high as 90+ billion by December or January.  However, if the price of bitcoin is the same by December or January, that will only hurt them and not help them.  However, you have to think if they shot the difficulty up to 90+ billion that a lot of miners with less efficient rigs in high power cost areas will have to drop off line.  No?

Difficulty scares me as well we had MANY weeks at 2 percent or so.  Just was no new gear and was a pretty good time to be a miner.

Now this current one is where it get's scary it is high 5's.  So... will this continue we really don't know at this point.    A few more changes we will have data.  But my ROI math I had a hard time currently as I do not know what it will be close to.

And this is for every miner that will come onto market with next gen not just the S7's.

I was actually thinking about buying 9 or 10 S7's for now and another 40 in December.  However, I'm quite concerned about difficulty jumps between now and December.  Any thoughts on this subject would be appreciated...

I know as the difficulty rises there will be others to drop out of mining if bitcoin prices remain the same.  Those who drop out will mostly be home miners with substantially high power costs and less efficient HW.  How much of the network hash rate actually falls into this category?  Hard to say...

Any idea how many rigs BITMAIN will make in the first batch?  That will give me an idea (rough estimate) of how much the difficulty can possibly rise each month over the next 3 months.

If you haven't noticed, the hash rate is turning up rather sharply on bitcoinwisdom.com.  Can we expect this angle of ascent on the chart for the next several months?  If so, we are looking at 70 billion difficulty rather easily by some time in November.

How many rigs can BITMAIN manufacture in one month?  Maybe 5,000 units?  Knowing this can assist with determining what the future difficulty can be potentially.

Bitmain is in a rather sweet position by knowing how many rigs they make.  This can give them an edge in knowing what the potential difficulty can be at a particular time +/- about 5 to 7 percent accuracy.

The S7 is definitely a game changer at this point in time.  It forces one to really weigh their potential purchase a lot more.