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Topic: Antminer V9 4TH - page 7. (Read 19995 times)

newbie
Activity: 1
Merit: 0
February 28, 2018, 05:40:02 PM
I think the Antminer V9 is an underrated and under appreciated machine. It has comparable performance to the S7, and is much cheaper. The price of an S7 today is $899-$1200 dollars vs the V9 at about 500. It is an affordable upgrade for hobby miners that want to take their mining experience to the next level. You aren't going to have to rewire the house to be able to run one or two of these. For someone with cheap electricity it might even be nice to have a few of them vs an S9. Sure the initial costs for all the power supply units would be a lot, but if there is some sort of machine failure, you still can run at 80% while fixing it. Also, having a few V9s would allow you to mine on multiple pools at a single time vs a single S9. Have one on Bitcoin, one on BCH, Digibyte, and so on. Plus, a V9 is much more profitable than an S3.
newbie
Activity: 28
Merit: 2
February 28, 2018, 04:26:51 PM
Well as someone who has set up 10 of the GekkoScience 2 Pac to lean from this would seem like the logical next step. The numbers are not very promising at all in terms of profit but they are selling them as "new" which has to be better than buying a used S7.

Maybe under-volt them to make them a little more profitable. Interested for sure but the single units are already a bit more at $500 on eBay. I can't see this unit going to any serious miners though.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
February 28, 2018, 07:49:47 AM
I actually broke down and ordered a 5 pack.
With the knowledge that these units are never going to make a profit I figure they are good to demo to people who want to learn about mining.
It will let them know that this is the noise level you have to deal with if you want it in your home. This is the cost to run it etc.

Also, they will run off a single 1300w power supply on 110V so I can tote it around.

Might not be the best deal, but at that price to show them around and possibly sell one or two for to people who know the score might not be the worst.
Lets face it with shipping, import duties my cost is probably going to be a bit above $450. To show it to someone and let them have it for $475 to $500 with them knowing that it's never going to turn a profit is fine by me if they want to play around with it.

I really miss the S3 :-)

-Dave

No offense buddy. I dont understand why anyone wants to play with these things though.
As the saying goes "There is a butt for every seat"

1) For the "pure profit motive" I can flip them on eBay
https://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=antminer%20v9&LH_Complete=1&rt=nc&_trksid=p2045573.m1684

2) As I said instead of carrying around an S9 (know fragile units) with 2 power supplies to demo to people who are interested I can take what I assume is an S7 with 1 power supply. If they want it (and yes they know they will loose money @ $500) it's not as big as an outlay.
2a) If they make $200 and decide to get out they can probably sell it for $200 quickly and not loose a real amount.

3) Sidehack with his USB sticks and pods and jstefanop with his moonlanders are selling a ton of stuff (every one they make) to lot of people, all knowing unless a miracle happens they are going to loose money on their purchase.

4) I do dabble in alt coins (as do a lot of people) if you want to mine something and not take an S9 or similar off line to play, then this makes it cost less if your try for the next big thing does not pan out.

5) Some people like different things. Dig at someone who I know is watching this thread (Hi Barry). Would you believe that some people buy $75,000 Alfa Romeos? It's the worst rated car by every reviewer. One magazine actually listed an achievement of one of their review cars as "Being the 1st Alfa in our test fleet not to have the check engine lite come on during the test"

6) Actually going back to the point before, you can run these easily on 1 x 1300 watt off the shelf power supply on 110V circuit. 

-Dave
full member
Activity: 462
Merit: 118
February 27, 2018, 07:28:27 PM
I think the V9 appeals mostly to people who want to learn about mining, but don't want to invest thousands of dollars up-front. If I were just getting started, the V9 would be worth the money just so that I can make sure I know how everything works before purchasing a more efficient (expensive) miner. Besides, lots of people don't mind using these as glorified space heaters that earn a little money to offset the electricity. I have a neighbor using some D3s for that purpose specifically.

hmmm but with MOQ at 5 or 10, it isnt exactly little money. It is not that far from an S9.

I actually broke down and ordered a 5 pack.
With the knowledge that these units are never going to make a profit I figure they are good to demo to people who want to learn about mining.
It will let them know that this is the noise level you have to deal with if you want it in your home. This is the cost to run it etc.

Also, they will run off a single 1300w power supply on 110V so I can tote it around.

Might not be the best deal, but at that price to show them around and possibly sell one or two for to people who know the score might not be the worst.
Lets face it with shipping, import duties my cost is probably going to be a bit above $450. To show it to someone and let them have it for $475 to $500 with them knowing that it's never going to turn a profit is fine by me if they want to play around with it.

I really miss the S3 :-)

-Dave

No offense buddy. I dont understand why anyone wants to play with these things though.



(Moderator's note: This post was edited by frodocooper to remove multiple nested quotes.)
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
February 27, 2018, 06:26:51 PM
I actually broke down and ordered a 5 pack.
With the knowledge that these units are never going to make a profit I figure they are good to demo to people who want to learn about mining.
It will let them know that this is the noise level you have to deal with if you want it in your home. This is the cost to run it etc.

Also, they will run off a single 1300w power supply on 110V so I can tote it around.

Might not be the best deal, but at that price to show them around and possibly sell one or two for to people who know the score might not be the worst.
Lets face it with shipping, import duties my cost is probably going to be a bit above $450. To show it to someone and let them have it for $475 to $500 with them knowing that it's never going to turn a profit is fine by me if they want to play around with it.

I really miss the S3 :-)

-Dave
sr. member
Activity: 427
Merit: 250
February 27, 2018, 01:49:05 PM
I think the V9 appeals mostly to people who want to learn about mining, but don't want to invest thousands of dollars up-front. If I were just getting started, the V9 would be worth the money just so that I can make sure I know how everything works before purchasing a more efficient (expensive) miner. Besides, lots of people don't mind using these as glorified space heaters that earn a little money to offset the electricity. I have a neighbor using some D3s for that purpose specifically.

The problem is you need to buy in bulk...



(Moderator's note: This post was edited by frodocooper to remove multiple nested quotes.)
sr. member
Activity: 384
Merit: 256
February 27, 2018, 01:05:31 PM

At that electricity cost, it will still take 9 months plus to break even (without considering rental/staff/VAT/shipping cost). With those other costs included, it will be longer.

The risks:

-New stronger machines will come in and damage current returns. There are farms in the past that have gone offline with weaker machines like S7. There are also bankrupt mining farms like KNC.
-Warranty is only 6 months and it takes longer ot break even.
-Difficulty climbs even higher than expected due to new asic manufacturers

There is also the risk of bitcoin price going downwards and never going back up or just bursting,etc. Nothing is ever risk free. U have a higher chance of breaking even but it is not a sure thing.

Lot of solid points here. I think this machine is geared to only a very specific user. Either super cheap power, or some alternate motive beyond pure pricing (alt coin speculation, etc.).

I think the V9 appeals mostly to people who want to learn about mining, but don't want to invest thousands of dollars up-front. If I were just getting started, the V9 would be worth the money just so that I can make sure I know how everything works before purchasing a more efficient (expensive) miner. Besides, lots of people don't mind using these as glorified space heaters that earn a little money to offset the electricity. I have a neighbor using some D3s for that purpose specifically.
member
Activity: 223
Merit: 12
February 12, 2018, 02:21:05 AM
#99

At that electricity cost, it will still take 9 months plus to break even (without considering rental/staff/VAT/shipping cost). With those other costs included, it will be longer.

The risks:

-New stronger machines will come in and damage current returns. There are farms in the past that have gone offline with weaker machines like S7. There are also bankrupt mining farms like KNC.
-Warranty is only 6 months and it takes longer ot break even.
-Difficulty climbs even higher than expected due to new asic manufacturers

There is also the risk of bitcoin price going downwards and never going back up or just bursting,etc. Nothing is ever risk free. U have a higher chance of breaking even but it is not a sure thing.

Lot of solid points here. I think this machine is geared to only a very specific user. Either super cheap power, or some alternate motive beyond pure pricing (alt coin speculation, etc.).
full member
Activity: 462
Merit: 118
February 12, 2018, 02:06:57 AM
#98
You don't have to be in China to get very very low electric rates.
Under 5 exists in the US in a few spots, even for "residential" usage, and I'm pretty sure you can get into that ballpark in a couple areas of Canada as well.
For that matter, there are 2 counties in the US that you can get under *3* cents/kwh for residential service.

Expecting big farms to not grow when they're profitable is DUMB.


There units don't need 10 power supplies - they don't eat AS MUCH power as the S9 does and use the same number of connections.
ONE power supply per unit is entirely viable, which would be *5* power supplies and outlets for the "minimum order quantity" - I have no clue where your "10" is comming from.



At that electricity cost, it will still take 9 months plus to break even (without considering rental/staff/VAT/shipping cost). With those other costs included, it will be longer.

The risks:

-New stronger machines will come in and damage current returns. There are farms in the past that have gone offline with weaker machines like S7. There are also bankrupt mining farms like KNC.
-Warranty is only 6 months and it takes longer ot break even.
-Difficulty climbs even higher than expected due to new asic manufacturers

There is also the risk of bitcoin price going downwards and never going back up or just bursting,etc. Nothing is ever risk free. U have a higher chance of breaking even but it is not a sure thing.
legendary
Activity: 1498
Merit: 1030
February 11, 2018, 03:45:22 PM
#97
You don't have to be in China to get very very low electric rates.
Under 5 exists in the US in a few spots, even for "residential" usage, and I'm pretty sure you can get into that ballpark in a couple areas of Canada as well.
For that matter, there are 2 counties in the US that you can get under *3* cents/kwh for residential service.

Expecting big farms to not grow when they're profitable is DUMB.


There units don't need 10 power supplies - they don't eat AS MUCH power as the S9 does and use the same number of connections.
ONE power supply per unit is entirely viable, which would be *5* power supplies and outlets for the "minimum order quantity" - I have no clue where your "10" is comming from.



sr. member
Activity: 439
Merit: 297
www.amazon.com/shops/MinersSupply
February 11, 2018, 03:39:38 PM
#96
As most others have already stated here, the Antminer V9 seems to be re-purposed mining hardware, likely from an old mine that is being upgraded (or rather already has). I honestly can't see anyone making brand new ASIC's that deploy old technology like this, so speculation as to where these miners came from (and why) had to be expected!

Also keep in mind that you will need (50) FIFTY PCI-E cables just to run the minimum order quantity of five units, as each one requires (10) ten single PCI-E connections from a PSU. And of course that will also require (10) ten receptacles and (10) ten power supplies (assuming you are using (1) one PSU per miner), otherwise you will need several high wattage PSU's, each with many PCI-E cables, or some other crazy solution for quenching the hunger of these power hungry turds beasts. Don't forget about the current USD price for the minimum order quantity of (5) five either; it will leave you with a total of $1725 USD to pay (not including shipping or duty fees/taxes) for the March batch. Lastly, as stated in the second line of the "payment" section, it seems there will be a 10-day period of absence due to the upcoming Chinese New Year from 2018 FEBRUARY 14 - 2018 FEBRUARY 24, which explains the March shipping date for a product that is more than likely ready right now (or perhaps these "new" machines are undergoing some final "testing" and will be used for mining one last time before offloading this old equipment).

In summary, I believe there's a reason that the Antminer V9 units have been readily available to purchase from BITMAIN's website for several days running now - every reasonable person is running as far away from these as possible, and besides the initial curiosity when first coming across the Antminer V9 for the first time, there simply seemd to be no interest (and for a good reason). My advice is simple - avoid these brand new miners at all costs!
legendary
Activity: 1498
Merit: 1030
February 09, 2018, 08:49:29 PM
#95
This can explain a lot
Samsung Strikes Deal to Supply ASIC Chips to Bitmain
https://bitsonline.com/samsung-deal-asic-chips-bitmain/

Rushing out old stuff before selling new Antminer with Samsung chips inside  Tongue

No actual Samsung quote has specified who they are selling the ASIC chips TO - but eBang DID announce that they were working on a miner model using 10nm chips to be made by Samsung.

It would not shock me if Bitmain ALSO is going to source chips from Samsung, but it would be a major change for them.

sr. member
Activity: 307
Merit: 250
February 09, 2018, 03:35:46 PM
#94
This can explain a lot
Samsung Strikes Deal to Supply ASIC Chips to Bitmain
https://bitsonline.com/samsung-deal-asic-chips-bitmain/

Rushing out old stuff before selling new Antminer with Samsung chips inside  Tongue

I hope this is true. This means no new manufacturer
Why would you not want a new manufacturer?

U want more difficulty?

I have been keeping an eye on the Samsung news articles since they were first released at the end of January and this is the first and ONLY article that claims Bitmain is who they have partnered with. I would take it with a grain of salt and find it extremely strange that none of the other articles mention the partnership between the two. Honestly, as per Moore's Law, I don't see any drastic improvement in efficiency from them. At most I expect a 25% improvement... Say... 18Th/S at 1400 watts...

Chief Editor of Bitsonline.com ( https://twitter.com/TalonTech1 ) know really well Bitmain cie. He done review of most of their hardware over the pasts years.  I'm confident the news is not fake.
full member
Activity: 462
Merit: 118
February 09, 2018, 02:51:04 PM
#93
This can explain a lot
Samsung Strikes Deal to Supply ASIC Chips to Bitmain
https://bitsonline.com/samsung-deal-asic-chips-bitmain/

Rushing out old stuff before selling new Antminer with Samsung chips inside  Tongue

I hope this is true. This means no new manufacturer
Why would you not want a new manufacturer?

U want more difficulty?
jr. member
Activity: 120
Merit: 2
February 09, 2018, 11:58:20 AM
#92
This can explain a lot
Samsung Strikes Deal to Supply ASIC Chips to Bitmain
https://bitsonline.com/samsung-deal-asic-chips-bitmain/

Rushing out old stuff before selling new Antminer with Samsung chips inside  Tongue

I hope this is true. This means no new manufacturer
Why would you not want a new manufacturer?
full member
Activity: 462
Merit: 118
February 09, 2018, 10:40:28 AM
#91
This can explain a lot
Samsung Strikes Deal to Supply ASIC Chips to Bitmain
https://bitsonline.com/samsung-deal-asic-chips-bitmain/

Rushing out old stuff before selling new Antminer with Samsung chips inside  Tongue

I hope this is true. This means no new manufacturer
sr. member
Activity: 307
Merit: 250
February 08, 2018, 06:20:57 PM
#90
This can explain a lot
Samsung Strikes Deal to Supply ASIC Chips to Bitmain
https://bitsonline.com/samsung-deal-asic-chips-bitmain/

Rushing out old stuff before selling new Antminer with Samsung chips inside  Tongue
legendary
Activity: 1498
Merit: 1030
February 08, 2018, 04:04:34 PM
#89
Another interesting thing to note is these are 54 chip boards. The S7 hasnt been 54 chip since batch 3 or 4. They spent the majority of the time making the 45 chip model, so something has to be different.

 They're specified as 135 chips = 45 chip boards.
newbie
Activity: 25
Merit: 0
February 08, 2018, 12:55:45 PM
#88
My guess is that it really is using a new chip with the old board design (why reinvent that portion if its works?).

I'm wondering if this is the new Samsung chip that has been in the news and that they simply don't work to spec?  This happened commonly in the "old days" back around 2014 with GAWs rebranded miners and other manufacturers.

If so, they are likely just dumping at a small margin to recover their losses while they work out whatever went wrong.

My 2 cents.

Samsung is manufacturing 10nm for EBANG miners, Im pretty sure.
This is most probably dump of old chips, because new miner on 12nm TSMC process comes March-April (Lets say S9+).
It make sense, because when Dragons (if exist) and Bitfury and new S9+ hits the market, theese chips will be worth nothing. Now there can be some desperate users with cheap or free electricity that can buy it.

Thats my view.
copper member
Activity: 658
Merit: 101
Math doesn't care what you believe.
February 08, 2018, 12:41:21 PM
#87
My guess is that it really is using a new chip with the old board design (why reinvent that portion if its works?).

I'm wondering if this is the new Samsung chip that has been in the news and that they simply don't work to spec?  This happened commonly in the "old days" back around 2014 with GAWs rebranded miners and other manufacturers.

If so, they are likely just dumping at a small margin to recover their losses while they work out whatever went wrong.

My 2 cents.
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