Bitmain Tech L1?? | Bitcointalksearch.org

BTCmaster3

newbie

Activity: 59

Merit: 0

Quote from: anderl on October 04, 2014, 08:55:50 PM

All that needs to be said

It's a Pre Order. December deliver is not a gurantee, look at all the others, Alpah, Tech, Flower tech, Fib, KNCminer, late on their deliveries.

IF is gets delivered in December (during the holidays, which we know is the best time to ship anything!!!). that is 3 months from now. That is like 3 years in the non crpyto world.

Will it ROI. Well Difficulty is near 36,000 right now. Where was it 3 months ago? Oh head 15,000. It went up 140%. So by December the difficulty will probably be around 86,000. So how long does it take a Bitman L1 to ROI at 86,000 difficulty? Based on current LTC BTC prices... 178 days. And this is assuming that difficulty will be fixed at 86000 for the 178 days. If we assume a modest 2% increase we are talking 239 days.

Will it ROI? It all depends on the world you think you live in. One that suspends reality where you ignore the facts and shove fists full of dollars at preorder nightmares or a grounded world where the data speaks for itself. Do you believe in math or faith.

Not going to ROI if my calculation is right... Have electricity to pay Sad

anderl

hero member

Activity: 714

Merit: 500

All that needs to be said

It's a Pre Order. December deliver is not a gurantee, look at all the others, Alpah, Tech, Flower tech, Fib, KNCminer, late on their deliveries.

IF is gets delivered in December (during the holidays, which we know is the best time to ship anything!!!). that is 3 months from now. That is like 3 years in the non crpyto world.

Will it ROI. Well Difficulty is near 36,000 right now. Where was it 3 months ago? Oh head 15,000. It went up 140%. So by December the difficulty will probably be around 86,000. So how long does it take a Bitman L1 to ROI at 86,000 difficulty? Based on current LTC BTC prices... 178 days. And this is assuming that difficulty will be fixed at 86000 for the 178 days. If we assume a modest 2% increase we are talking 239 days.

Will it ROI? It all depends on the world you think you live in. One that suspends reality where you ignore the facts and shove fists full of dollars at preorder nightmares or a grounded world where the data speaks for itself. Do you believe in math or faith.

bitzcointalk

member

Activity: 111

Merit: 10

My avatar is in the shop

No Hardware, Not this one, not anything... Nothing can reach a return on the investment. So... NO. Bad idea. Expect to lose your investment. Check calculators with a difficulty change over time to see if in 1 month you will be making the same... you won't be... there is simply too much hardware being brought online by too many manufacturers and they have only hurt themselves. Do not buy hardware, you will loose your investment. They are now knowingly trying to sell you goods they know you cannot profit from, but simple calculators say that you will.
Good Luck.

Meech

hero member

Activity: 924

Merit: 1000

Looks awesome now but in 4 months what will we think? I was really hoping only a month wait but by Dec. who knows how things will change.

Davefox

newbie

Activity: 25

Merit: 0

Well it looks good apart from preordering till not ready till Dec. won't be spending my btc on this right now then.

theweiss

member

Activity: 104

Merit: 10

Quote from: TracerX on September 02, 2014, 11:19:38 AM

Quote from: Vlad2Vlad on September 01, 2014, 08:06:53 PM

Quote from: TracerX on September 01, 2014, 07:36:33 PM

You need to power them with a external PSU, which some people may not consider "plug-n-play." That said, the configuration is webbased and they are as straight forward as the come.

You may need to make a slight modification to your broadband router, but many people here are more than happy to assist!

Cheers.

Let me clarify. I cannot mine using GPU's because it's too complicated code-wise.

So do these antminers come preloaded with some simple UI and mining software like you see on other rigs from BFL or Cointerra. I hate to even mention BFL but they do have units which are plug and play.

Cheers!

Yes, they have a web-based configuration and monitoring system built into the machines. Look for Dogie's threads on setup for more information.

Cheers.

Yeah, the S1's and S3's a really really easy to get up and running with very little tech knowledge. It might take you a little "fiddling" time but if you've found the forums (which you clearly have) you can find every step broken down in wonderful detail.

For everyone else, it looks like this is an upgrade kit that essentially turns a S1 into a S3.

TracerX

hero member

Activity: 918

Merit: 1002

Quote from: Vlad2Vlad on September 01, 2014, 08:06:53 PM

Quote from: TracerX on September 01, 2014, 07:36:33 PM

You need to power them with a external PSU, which some people may not consider "plug-n-play." That said, the configuration is webbased and they are as straight forward as the come.

You may need to make a slight modification to your broadband router, but many people here are more than happy to assist!

Cheers.

Let me clarify. I cannot mine using GPU's because it's too complicated code-wise.

So do these antminers come preloaded with some simple UI and mining software like you see on other rigs from BFL or Cointerra. I hate to even mention BFL but they do have units which are plug and play.

Cheers!

Yes, they have a web-based configuration and monitoring system built into the machines. Look for Dogie's threads on setup for more information.

Cheers.

Klubknuckle

sr. member

Activity: 285

Merit: 250

Guys, everyone is too hype on this new machine, even scrypt asic is pretty hard to ROI. so think twice..

Rabinovitch

legendary

Activity: 2030

Merit: 1076

A humble Siberian miner

Quote from: cxboyminer on August 30, 2014, 05:01:59 PM

I'll be silent for now until the release of L1 to the public as per agreement between me and bitmain.

Ok, I'll keep silence too. Lips sealed

But this unit looks very promising.

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

Quote from: TracerX on September 01, 2014, 07:36:33 PM

You need to power them with a external PSU, which some people may not consider "plug-n-play." That said, the configuration is webbased and they are as straight forward as the come.

You may need to make a slight modification to your broadband router, but many people here are more than happy to assist!

Cheers.

Let me clarify. I cannot mine using GPU's because it's too complicated code-wise.

So do these antminers come preloaded with some simple UI and mining software like you see on other rigs from BFL or Cointerra. I hate to even mention BFL but they do have units which are plug and play.

Cheers!

TracerX

hero member

Activity: 918

Merit: 1002

Quote from: Vlad2Vlad on September 01, 2014, 06:16:14 PM

Are these Bitmain antminers plug and play like Cointerra or do you have to set them up? I'm not a techie so this could be a problem for me when it comes to setting up the mining software.

Thanks!

You need to power them with a external PSU, which some people may not consider "plug-n-play." That said, the configuration is webbased and they are as straight forward as the come.

You may need to make a slight modification to your broadband router, but many people here are more than happy to assist!

Cheers.

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

Are these Bitmain antminers plug and play like Cointerra or do you have to set them up? I'm not a techie so this could be a problem for me when it comes to setting up the mining software.

Thanks!

Equate

hero member

Activity: 770

Merit: 500

Quote from: whitemage on August 31, 2014, 08:19:40 PM

Quote from: SDRebel on August 31, 2014, 01:17:48 PM

Quote from: Equate on August 31, 2014, 12:27:50 PM

Quote from: ScryptAsic on August 31, 2014, 08:01:55 AM

The main question is, is it profitable?

It could be profitable and all it depends on the how these miners are priced.

Exactly, a lot of people get confused, but profitability depends on the price you paid for your given hashrate

Dont forget about the difficulty increase for scrypt market.

Yes , network difficulty will keep on increasing but still with proper pricing and depending on power costs , ROI can made .

whitemage

full member

Activity: 214

Merit: 100

Quote from: SDRebel on August 31, 2014, 01:17:48 PM

Quote from: Equate on August 31, 2014, 12:27:50 PM

Quote from: ScryptAsic on August 31, 2014, 08:01:55 AM

The main question is, is it profitable?

It could be profitable and all it depends on the how these miners are priced.

Exactly, a lot of people get confused, but profitability depends on the price you paid for your given hashrate

Dont forget about the difficulty increase for scrypt market.

SDRebel

hero member

Activity: 571

Merit: 507

Quote from: Equate on August 31, 2014, 12:27:50 PM

Quote from: ScryptAsic on August 31, 2014, 08:01:55 AM

The main question is, is it profitable?

It could be profitable and all it depends on the how these miners are priced.

Exactly, a lot of people get confused, but profitability depends on the price you paid for your given hashrate

Equate

hero member

Activity: 770

Merit: 500

Quote from: ScryptAsic on August 31, 2014, 08:01:55 AM

The main question is, is it profitable?

It could be profitable and all it depends on the how these miners are priced.

ScryptAsic

hero member

Activity: 647

Merit: 501

GainerCoin.com 🔥 Masternode coin 🔥

The main question is, is it profitable?

Davefox

newbie

Activity: 25

Merit: 0

Quote from: cxboyminer on August 30, 2014, 05:01:59 PM

I'll be silent for now until the release of L1 to the public as per agreement between me and bitmain.

TEASE

crazyearner

legendary

Activity: 1820

Merit: 1001

Ill be buying some of theses if theri scrypt miners considering how much hash speed you can generate without using megawatts of power like in SHA mining

cxboyminer

hero member

Activity: 896

Merit: 500

I'll be silent for now until the release of L1 to the public as per agreement between me and bitmain.

Topic: Bitmain Tech L1?? (Read 4211 times)