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Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order - page 130. (Read 531168 times)

sr. member
Activity: 434
Merit: 250
...At what point does solo mining become worth it, when you can generate at least 1 block per day?...
At the point where your revenue covers your expenses without you being out of pocket (i.e., if you have a $2,900 monthly electric bill and BTC/USD is $2,900, then you need no less than 1 block per month just to cover your electric) and then the profit margin you want to have on top of that.

Well I don't know if you've looked up the profits that the Antminer L3+ will bring when it ships out August, but right now they give you a 45 day ROI which of course you know is INSANE.

So you're saying that as soon as you have your mining equipment payed off (you hit ROI), you should start solo mining? It sounds like you're saying you should solo mine as long as you're mining at a profit ($2000 on electricity, $3000 in LTC for $1000 a month profits), but that wouldn't make much sense, no? That would mean everyone would always solo mine.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
...At what point does solo mining become worth it, when you can generate at least 1 block per day?...
At the point where your revenue covers your expenses without you being out of pocket (i.e., if you have a $2,900 monthly electric bill and BTC/USD is $2,900, then you need no less than 1 block per month just to cover your electric) and then the profit margin you want to have on top of that.
sr. member
Activity: 434
Merit: 250
If I can ever get the block chain to sync on my machine Ill be in for 1 or 2.
If you're thinking about solo-mining, you'll need more than "1 or 2".  Roll Eyes

I'm not looking to play the lottery :-)

At what point does solo mining become worth it, when you can generate at least 1 block per day? For Bitcoin you would have to have a ridiculous mine, but for something like Litecoin that's achievable by spending less than $40k on gear.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
So you think that because there was a precedent, that it is correct/justified?  haha  What else do you apply this type of thinking to?
Yes. Just trivial things like the entire legal system of most "civilized" nations since before Latin was a "dead language".  Roll Eyes
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
COME ON BITMAIN - We know you are a business, We know you need cashflow, We know you are the only source, BUT please do not take our money an hold the product!  We need the product.  OVER 2 Months before delivery??
You don't need it, you want it. Setting that aside, pre-orders aren't a new thing in this world.  Roll Eyes
Pre-orders are a shitty, cancer thing in this world. Period.
ComputerGenie link: "I don't deny that, but there is a precedent for Bitmain doing it (and an extensive list at that); it's not like this one batch of 13.5's is where they 1st started doing this and it justifies this kid throwing his toys all around the room."

--------------------

So you think that because there was a precedent, that it is correct/justified?  haha  What else do you apply this type of thinking to?
sr. member
Activity: 324
Merit: 250
Do we know when they will be releasing more APW3 PSU? I've got S9's coming my way in need of POWER!!!

You dont have to run their PSUs, you can always source other options as many people on this site do.

Oh i know, i've got my share of 2kw psu with breakout boards. However, these units coming in will be hosted and i prefer to send them equipment that will is easily organized for their operation.
legendary
Activity: 910
Merit: 1000
If I can ever get the block chain to sync on my machine Ill be in for 1 or 2.
If you're thinking about solo-mining, you'll need more than "1 or 2".  Roll Eyes

I'm not looking to play the lottery :-)
hero member
Activity: 1092
Merit: 552
Retired IRCX God
If I can ever get the block chain to sync on my machine Ill be in for 1 or 2.
If you're thinking about solo-mining, you'll need more than "1 or 2".  Roll Eyes
legendary
Activity: 910
Merit: 1000
If I can ever get the block chain to sync on my machine Ill be in for 1 or 2.
hero member
Activity: 756
Merit: 560
Do we know when they will be releasing more APW3 PSU? I've got S9's coming my way in need of POWER!!!

You dont have to run their PSUs, you can always source other options as many people on this site do.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
Genie do you think they might be deliberately delaying shipping to keep units out of the hands of BIP 148 miners? Seems unlikely to me, almost certainly a supply issue due to demand, but interesting to wonder about.
I think anyone that thinks up ideas like that needs to readjust their tinfoil hat.  Undecided
full member
Activity: 236
Merit: 105
...Maybe they calculate more profit with this new regular pre-order style.
TBH, I'm thinking it has more to do with not further flooding the market (which would reduce current product value). But that's just my opinion (for what that's worth). Tongue

Genie do you think they might be deliberately delaying shipping to keep units out of the hands of BIP 148 miners? Seems unlikely to me, almost certainly a supply issue due to demand, but interesting to wonder about.
sr. member
Activity: 324
Merit: 250
Do we know when they will be releasing more APW3 PSU? I've got S9's coming my way in need of POWER!!!
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
...Maybe they calculate more profit with this new regular pre-order style.
TBH, I'm thinking it has more to do with not further flooding the market (which would reduce current product value). But that's just my opinion (for what that's worth). Tongue
Yes, good point as well.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
...Maybe they calculate more profit with this new regular pre-order style.
TBH, I'm thinking it has more to do with not further flooding the market (which would reduce current product value). But that's just my opinion (for what that's worth). Tongue
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
Yeah, Bitmain use to be cool with close to no pre-orders.
Maybe they calculate more profit with this new regular pre-order style.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
Pre-orders are a shitty, cancer thing in this world. Period.
I don't deny that, but there is a precedent for Bitmain doing it (and an extensive list at that); it's not like this one batch of 13.5's is where they 1st started doing this and it justifies this kid throwing his toys all around the room.
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
COME ON BITMAIN - We know you are a business, We know you need cashflow, We know you are the only source, BUT please do not take our money an hold the product!  We need the product.  OVER 2 Months before delivery??
You don't need it, you want it. Setting that aside, pre-orders aren't a new thing in this world.  Roll Eyes
Pre-orders are a shitty, cancer thing in this world. Period.
hero member
Activity: 1092
Merit: 552
Retired IRCX God
COME ON BITMAIN - We know you are a business, We know you need cashflow, We know you are the only source, BUT please do not take our money an hold the product!  We need the product.  OVER 2 Months before delivery??
You don't need it, you want it. Setting that aside, pre-orders aren't a new thing in this world.  Roll Eyes
legendary
Activity: 1260
Merit: 1006
Mine for a Bit
COME ON BITMAIN - We know you are a business, We know you need cashflow, We know you are the only source, BUT please do not take our money an hold the product!  We need the product.  OVER 2 Months before delivery??
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