Topic: Bitmain New Miner S7-LN 2.7T @697W discussion (Not official) - page 10. (Read 23285 times)

Quote from: philipma1957 on May 28, 2016, 11:22:39 AM

Quote from: CjMapope on May 28, 2016, 02:20:16 PM

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and the diff dropped a bit. then 3 or 4 adjustments later we upswung in price.

Topping out in April 2013 at 240 usd then a crash. I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

agreed. im hoping that knc going down will drop 50-100PH/S from the network over next few weeks/months to reconsider mining ;p
till then im following phil, GPU rigs all the way

I have 310mh doing eth coin. at 18 cents power on the 1st of june

I have 27-28th doing btc coin at 'free' power = I provide rigs buysolar provides power we split the coins. With my summer power price it is the only way I can mine btc at the moment.

I make more with eth coin then the btc at the moment.

I also blend and balance the eth btc and cash about ⅓ + ⅓ + ⅓

And I stopped renting for a while.

So a mix is what I am doing. I will very likely get a s-9 when it comes out.

Even if the S9 is priced higher than previous versions and comes with a higher hash rate, it will likely be more efficient, being worth the upgrade. The new S7 that comes with a power supply though, those are looking great! You shave hundreds or thousands off your setup because of the free PSU. What I'm curious about is what the halving will do to mining. These things don't ship until a month before the halving, that's what is making me hesitant.

philipma1957

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Quote from: philipma1957 on May 28, 2016, 11:22:39 AM

Quote from: CjMapope on May 28, 2016, 02:20:16 PM

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and the diff dropped a bit. then 3 or 4 adjustments later we upswung in price.

Topping out in April 2013 at 240 usd then a crash. I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

agreed. im hoping that knc going down will drop 50-100PH/S from the network over next few weeks/months to reconsider mining ;p
till then im following phil, GPU rigs all the way

I have 310mh doing eth coin. at 18 cents power on the 1st of june

I have 27-28th doing btc coin at 'free' power = I provide rigs buysolar provides power we split the coins. With my summer power price it is the only way I can mine btc at the moment.

I make more with eth coin then the btc at the moment.

I also blend and balance the eth btc and cash about ⅓ + ⅓ + ⅓

And I stopped renting for a while.

So a mix is what I am doing. I will very likely get a s-9 when it comes out.

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Looking forward to read about the hardware. In special if its used/looking old hardware on the PSU's

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Quote from: philipma1957 on May 28, 2016, 11:22:39 AM

Heck, I might buy one so I can put the PSU in a big desktop and run it on something that'll actually hold up. Maybe play with undervolting and see what it can do.

If it's half the hashes and half the price including the PSU, just think how much profit they're still milking off the full-size S7. And just think how much profit they'd have been milking when the originals sold for four times the current pricetag. If nothing else, it's useful for that slap in the face.

The price doubling after the halving doesn't make a whole lot of sense since the price would be based on availability, and the halving only affects new coins - most of the coins to ever exist are already in circulation so the halving doesn't have that much of an effect on overall supply.

I only say it will double because A. it will nearly have to in order for ANY miners to profit, no matter how large or small of an operation.

B. the last and only time it halved the price shot through the roof, and there's only more backing for it now.

I think they came out with this to hedge against the halving, to get more people mining.

the price went down after the ½ last time and the diff dropped a bit. then 3 or 4 adjustments later we upswung in price.

Topping out in April 2013 at 240 usd then a crash. I would argue asics boosted price along with the ½ing.

But now we do not have something 10x the efficiency like asics were to gpus

True, but remember it wasn't decades ago that we were at $700-$1100. I mean, look at whats happened the past year! We're up twice as much as we were! The point where we're at now could just be a year and a half "down-ish swing", and the when it halves it could easily double in price, which would keep miners profitable and keep the network alive.

Either way I'm waiting a month or so after the halving for the dust to settle and see where we're at. Only at that point will I consider setting up a decent mining operation.

agreed. im hoping that knc going down will drop 50-100PH/S from the network over next few weeks/months to reconsider mining ;p
till then im following phil, GPU rigs all the way

The money some people I know are making off Ethereum right now is ridiculous. Hopefully my check comes soon so I can get going, every day that passes is a lot of money not made.

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Quote from: philipma1957 on May 28, 2016, 11:22:39 AM