ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH - page 55.

philipma1957

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'The right to privacy matters'

Quote from: nhando on February 20, 2016, 12:05:59 PM

BTC $434 and climbing. If you have low cost electricity, you will make money.

With the solar array nearing completion getting one or two of the batch 10's is tempting.

If they had ever made up for my batch one buying one or two s-7's would be easy.

They never post here anymore and they do not give a darn about us. So I will never see the 150 usd they owe me on batch 1.

On principle's sake I won't buy a few cheap s-7's from them.

Even if coins go to 500 before they adjust price up.

nhando

full member

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BTC $434 and climbing. If you have low cost electricity, you will make money.

AriesIV10

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Mine for a Bit

Quote from: lightfoot on February 19, 2016, 05:58:22 PM

Quote from: Mikestang on February 19, 2016, 05:33:20 PM

Quote from: lightfoot on February 19, 2016, 05:31:38 PM

Meantime though the difficulty is falling like a rock.

Not sure what you're watching, but difficulty continues to rise at unprecedented rates as hardware manufacturers around the world scramble to get as much gear up and running before the halving.

https://bitcoinwisdom.com/bitcoin/difficulty

Don't worry: I have no false illusions that this will last.

Thank you very much lightfoot for this chart/link and information! Thanks for sharing!

notlist3d

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Activity: 1456

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Quote from: dmwardjr on February 19, 2016, 05:24:03 PM

Quote from: aarons6 on February 19, 2016, 05:21:57 PM

they did this with the s5s.. then at the end of the batches they sold off their own "used" inventory..

because the s7s that they dont sell, i am fairly certain they are using them.. why would they just sit there idle if they turn a profit.

If I were them, I would not let them sit idle in a warehouse. I would use them and sell them as used if mined with for longer than one week.

Their wallet address has no significant increase in activity lately. I really believe they are mining with most all of the batch 9 and batch 10 rigs. It is possible batch 11 rigs could be in the middle of the manufacturing process. Especially, if they have more 1385 chips available. Batch 11 may be the last batch of new S7's. It's possible they may sell used rigs after batch 11.

And the biggest thing is they are able to profit off of doing this. I really would love to know internal price I don't think it's near what external sale price is. So I could see them pumping up internal operations and getting every last drop of ROI they can off this gen gear.

Then look into next gen after. As a business it would be crazy to go to next gen when current gen chances are is mining huge profits. So I still think we have a few batches to go of S7's.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

I'm a poorfag, so hopefully by this july we'll be seeing 100-dollar s5s and 300-dollar s7s. I buy outdated junk for fun, but seriously.. the difficulty jumps are killing it. Cry

rip bitcoin for most people. Bitmain almost HAS to release a new miner soon, or else bitfury'll be taking the 16nm crown from em.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Mikestang on February 20, 2016, 04:13:37 AM

Quote from: fr4nkthetank on February 19, 2016, 11:23:05 PM

pls no. pls. So in 2 months what will be the resell value of an s7 ?

I hope they get dirt cheap (sorry S7 owners). I bought my S1 for $20, I don't use it right now because of my exuberant electricity rate but I know they're not generally that cheap any more. My S3+ was also had for a steal comparatively. Personally I hope the S7 bottoms out as well so I can pick one up to add to my toy box.

I think it's a way's from this, I'm speculating at least a few more batches each getting lower and lower. The big thing is when a company pushes next gen out. Pretty much as soon as they are easy for home/hobby to get the S7 drops in value... how much hard to say.

But I do think those with cheap electricity have some S7's for good prices coming... eventually. To many variables to be exact.

Mikestang

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Quote from: fr4nkthetank on February 19, 2016, 11:23:05 PM

pls no. pls. So in 2 months what will be the resell value of an s7 ?

I hope they get dirt cheap (sorry S7 owners). I bought my S1 for $20, I don't use it right now because of my exuberant electricity rate but I know they're not generally that cheap any more. My S3+ was also had for a steal comparatively. Personally I hope the S7 bottoms out as well so I can pick one up to add to my toy box.

VirosaGITS

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Activity: 1302

Merit: 1068

Quote from: fr4nkthetank on February 19, 2016, 11:23:05 PM

Quote from: Mikestang on February 19, 2016, 06:18:31 PM

Quote from: lightfoot on February 19, 2016, 05:58:22 PM

Don't worry: I have no false illusions that this will last.

Uh, so the picture you posted shows the continued climb of network difficulty, it doesn't do much to support your statement. Difficulty is definitely not falling at all, let alone like a rock.

And with stuff like this happening we can continue to expect the rapid upward adjustment of difficulty:

pls no. pls. So in 2 months what will be the resell value of an s7 ?

700$ at best i guess, unless BTC gets a huge upward jumps like a few months ago. I just wonder for how long this raise will keep up. Unless there's something better than 0.1J/GH that can get mass produced in the year or two, its going to have to slow down sometime before summer i think.

fr4nkthetank

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Activity: 2294

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Now the money is free, and so the people will be

Quote from: Mikestang on February 19, 2016, 06:18:31 PM

Quote from: lightfoot on February 19, 2016, 05:58:22 PM

Don't worry: I have no false illusions that this will last.

Uh, so the picture you posted shows the continued climb of network difficulty, it doesn't do much to support your statement. Difficulty is definitely not falling at all, let alone like a rock.

And with stuff like this happening we can continue to expect the rapid upward adjustment of difficulty:

pls no. pls. So in 2 months what will be the resell value of an s7 ?

Mikestang

legendary

Activity: 1274

Merit: 1000

Quote from: lightfoot on February 19, 2016, 05:58:22 PM

Don't worry: I have no false illusions that this will last.

Uh, so the picture you posted shows the continued climb of network difficulty, it doesn't do much to support your statement. Difficulty is definitely not falling at all, let alone like a rock.

And with stuff like this happening we can continue to expect the rapid upward adjustment of difficulty:

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Quote from: Mikestang on February 19, 2016, 05:33:20 PM

Quote from: lightfoot on February 19, 2016, 05:31:38 PM

Meantime though the difficulty is falling like a rock.

Not sure what you're watching, but difficulty continues to rise at unprecedented rates as hardware manufacturers around the world scramble to get as much gear up and running before the halving.

https://bitcoinwisdom.com/bitcoin/difficulty

Don't worry: I have no false illusions that this will last.

aarons6

legendary

Activity: 1736

Merit: 1006

Quote from: lightfoot on February 19, 2016, 05:31:38 PM

Meantime though the difficulty is falling like a rock. Maybe all the Antminers they are mining with had the heat sinks fall off :-)

wishful thinking Sad

Bitcoin Difficulty: 163,491,654,909
Estimated Next Difficulty: 178,171,929,227 (+8.98%)

unless you mean going from 20% to 14% to 9% is falling.. lol..

RichBC

hero member

Activity: 588

Merit: 500

Quote from: lightfoot on February 19, 2016, 05:31:38 PM

Meantime though the difficulty is falling like a rock. Maybe all the Antminers they are mining with had the heat sinks fall off :-)

I would not take too much notice of the first few Days of the new Period, probably not double digit this Period, but we will be heading on up again...

Rich

Mikestang

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Activity: 1274

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Quote from: dmwardjr on February 19, 2016, 05:24:03 PM

If I were them, I would not let them sit idle in a warehouse. I would use them and sell them as ~~used if mined with for longer than one week~~ brand new units despite them being coated with dust inside and out and sometimes arriving damaged.

Fixed your quote to better follow Bitmain's standard business operating procedures.

I know with certainty that they do not let any of this hardware just sit around, they mine (at great profit) with it from the moment the machines come off the assembly line.

Quote from: lightfoot on February 19, 2016, 05:31:38 PM

Meantime though the difficulty is falling like a rock.

Not sure what you're watching, but difficulty continues to rise at unprecedented rates as hardware manufacturers around the world scramble to get as much gear up and running before the halving.

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Meantime though the difficulty is falling like a rock. Maybe all the Antminers they are mining with had the heat sinks fall off :-)

aarons6

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Quote from: dmwardjr on February 19, 2016, 05:24:03 PM

Quote from: aarons6 on February 19, 2016, 05:21:57 PM

they did this with the s5s.. then at the end of the batches they sold off their own "used" inventory..

because the s7s that they dont sell, i am fairly certain they are using them.. why would they just sit there idle if they turn a profit.

If I were them, I would not let them sit idle in a warehouse. I would use them and sell them as used if mined with for longer than one week.

the problem is they were selling them as new :/

dmwardjr

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Technical Analyst/Trader

Quote from: aarons6 on February 19, 2016, 05:21:57 PM

they did this with the s5s.. then at the end of the batches they sold off their own "used" inventory..

because the s7s that they dont sell, i am fairly certain they are using them.. why would they just sit there idle if they turn a profit.

If I were them, I would not let them sit idle in a warehouse. I would use them and sell them as used if mined with for longer than one week.

Their wallet address has no significant increase in activity lately. I really believe they are mining with most all of the batch 9 and batch 10 rigs. It is possible batch 11 rigs could be in the middle of the manufacturing process. Especially, if they have more 1385 chips available. Batch 11 may be the last batch of new S7's. It's possible they may sell used rigs after batch 11.

aarons6

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Quote from: dmwardjr on February 19, 2016, 05:17:19 PM

Quote from: notlist3d on February 19, 2016, 02:56:00 PM

I would not ruleout S7's at all.At this point I figure bitmain has got the lowest price they will on producing them. I also figure they have very good electricity prices at internal mines. So add those together they still can profit off S7's I think.

I think S7 is at least a portion....how much we will likely never know.

I would almost be willing to bet the S7's were a large portion of that network hash rate increase. I honestly believe they were not able to sell all of the batch 8's. I don't believe they sold very many batch 9's and batch 10's at all. They simply posted them as being sold out and incorporated them inside their own mines. I would think they are willing to do the same with the batch 11.

Yes, BitFury may have increased "some" of the network hash rate but I don't believe they are the main culprit of the significant increase we've had lately. I believe it's mostly Avalon 6's and Bitmain S7's that came on line in China. My speculation of course.

they did this with the s5s.. then at the end of the batches they sold off their own "used" inventory..

because the s7s that they dont sell, i am fairly certain they are using them.. why would they just sit there idle if they turn a profit.

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

Quote from: notlist3d on February 19, 2016, 02:56:00 PM

I would not ruleout S7's at all.At this point I figure bitmain has got the lowest price they will on producing them. I also figure they have very good electricity prices at internal mines. So add those together they still can profit off S7's I think.

I think S7 is at least a portion....how much we will likely never know.

I would almost be willing to bet the S7's were a large portion of that network hash rate increase. I honestly believe they were not able to sell all of the batch 8's. I don't believe they sold very many batch 9's and batch 10's at all. They simply posted them as being sold out and incorporated them inside their own mines. I would think they are willing to do the same with the batch 11.

Yes, BitFury may have increased "some" of the network hash rate but I don't believe they are the main culprit of the significant increase we've had lately. I believe it's mostly Avalon 6's and Bitmain S7's that came on line in China. My speculation of course.

EDIT: If all of it were S7's and Avalon 6's, it would be a total of approximately 30,000 rigs manufactured between the two of the for the increase in hash we had over the past 2 weeks. Does anyone think that is possible?

notlist3d

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Quote from: jermwerty on February 18, 2016, 07:43:14 PM

Quote from: Dekker3D on February 17, 2016, 08:32:36 AM

Quote from: aarons6 on February 17, 2016, 05:43:55 AM

Quote from: Matias on February 17, 2016, 05:37:24 AM

I don't see point buying S7, when after halving they are not profitable, if you don't have very cheap electricity.

by very cheap you mean less then 3c a kwh.. :/

the price on batch 11 is insane.. it will cost more then you will get out of it, even if you are lucky and there are no more 20% diff increases..

But still people are buying these new S7s so I guess Bitmain will continue on flooding us and the difficulty increase will continue.

Cmon guys. Do you really think its S7s or even Avalons increasing the hashrate?

We know Bitfury had that working "demo" chip quite a while ago now. My bet is the first batch just got deployed in the past few weeks. BW has their chip also, but I'm thinking its not them as they are probably a little more behind.

What really happened here is someone got their new 14/16nm chip up and running in a big way, and just hasn't publicly stated such.

I would not ruleout S7's at all.At this point I figure bitmain has got the lowest price they will on producing them. I also figure they have very good electricity prices at internal mines. So add those together they still can profit off S7's I think.

I think S7 is at least a portion....how much we will likely never know.

Topic: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH - page 55. (Read 528055 times)