Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order - page 48.

Yrth

member

Activity: 123

Merit: 21

Quote from: The Demon Slick on January 28, 2018, 12:03:15 PM

A sr member on another thread was talking about mining when it was 1k, and it dropped to two hundred, he was mining at a loss for a bit, but he held on and hit it when the price went way up again. I think that was good advice. Personally, I'm mining and holding everything, if I cash any out it will be for another machine. I'm targeting 2020. What will the btc price be then? What will the coins you mine today be worth then? I bet a lot more than 11k per. Go to work, mine, hold, everything is going to be awesome..... eventually. So far all the new machines are smoke. Even the ebang 18t/Hs haven't actually been seen yet, and that's a real company at least. Until some new ones start getting delivered, out of the smoke and into the real, the s9 remains king.

Very true. I ran my S5's until I ran out of space to plug them in. A long long time after they were considered profitable at the time. Because I knew BTC would rise and all the "unprofitable" coin I mined would suddenly be profitable. Damn glad I did.

I'll prolly do the exact same thing with my s7's and s9's when their "unprofitable" time comes.

kenji

sr. member

Activity: 448

Merit: 255

Quote from: Emkoo on January 28, 2018, 01:11:44 PM

Quote from: The Demon Slick on January 28, 2018, 12:03:15 PM

A sr member on another thread was talking about mining when it was 1k, and it dropped to two hundred, he was mining at a loss for a bit, but he held on and hit it when the price went way up again. I think that was good advice. Personally, I'm mining and holding everything, if I cash any out it will be for another machine. I'm targeting 2020. What will the btc price be then? What will the coins you mine today be worth then? I bet a lot more than 11k per. Go to work, mine, hold, everything is going to be awesome..... eventually. So far all the new machines are smoke. Even the ebang 18t/Hs haven't actually been seen yet, and that's a real company at least. Until some new ones start getting delivered, out of the smoke and into the real, the s9 remains king.

We did pretty much the same. Bought 6 S9, paid for electrician, fan system and just hold on everything we made (getting more machines from profit until our room will be full). Hope the price will go up and make some real $$$

. I'll start my own thread with pictures soon...

Yup. Profits are only low for miners right now, if you sell right now. However most of us who mine believe the price will go back up, so we're holding as much as we can afford to.

Emkoo

jr. member

Activity: 103

Merit: 1

Quote from: The Demon Slick on January 28, 2018, 12:03:15 PM

A sr member on another thread was talking about mining when it was 1k, and it dropped to two hundred, he was mining at a loss for a bit, but he held on and hit it when the price went way up again. I think that was good advice. Personally, I'm mining and holding everything, if I cash any out it will be for another machine. I'm targeting 2020. What will the btc price be then? What will the coins you mine today be worth then? I bet a lot more than 11k per. Go to work, mine, hold, everything is going to be awesome..... eventually. So far all the new machines are smoke. Even the ebang 18t/Hs haven't actually been seen yet, and that's a real company at least. Until some new ones start getting delivered, out of the smoke and into the real, the s9 remains king.

We did pretty much the same. Bought 6 S9, paid for electrician, fan system and just hold on everything we made (getting more machines from profit until our room will be full). Hope the price will go up and make some real $$$

. I'll start my own thread with pictures soon...

The Demon Slick

newbie

Activity: 182

Merit: 0

A sr member on another thread was talking about mining when it was 1k, and it dropped to two hundred, he was mining at a loss for a bit, but he held on and hit it when the price went way up again. I think that was good advice. Personally, I'm mining and holding everything, if I cash any out it will be for another machine. I'm targeting 2020. What will the btc price be then? What will the coins you mine today be worth then? I bet a lot more than 11k per. Go to work, mine, hold, everything is going to be awesome..... eventually. So far all the new machines are smoke. Even the ebang 18t/Hs haven't actually been seen yet, and that's a real company at least. Until some new ones start getting delivered, out of the smoke and into the real, the s9 remains king.

kenji

sr. member

Activity: 448

Merit: 255

Quote from: Sandal_Hat on January 28, 2018, 10:33:52 AM

Quote from: coolnair on January 28, 2018, 06:18:11 AM

Whether we like it or not, S9s are still very profitable to buy and run. I've been hearing arguments about difficulty increase for a year now. True, the BTC price jumps helped. But until BTC price drops to USD 2500 or the current difficulty triples without any increase in BTC price, S9s will keep running (approx calculations). Focus on getting a good colocation to place your miners or build a colo yourself. Your machines will run for a very long time if you keep colo costs low.

Also, regarding the newer machines that have come/are coming to the market. I'm excited to see competitors, but I really want to get a few hands-on reviews from regular guys like us, before deciding to stop supporting S9s.

Eagerly waiting for the GMO machines...

I dont understand. If btc falls to near 2500 levels, u gonna take a few years to break even or never break even. It will probably never occur as new miners come out by then.

If the price drops that hard, the difficulty likely will too.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: coolnair on January 28, 2018, 06:18:11 AM

Whether we like it or not, S9s are still very profitable to buy and run. I've been hearing arguments about difficulty increase for a year now. True, the BTC price jumps helped. But until BTC price drops to USD 2500 or the current difficulty triples without any increase in BTC price, S9s will keep running (approx calculations). Focus on getting a good colocation to place your miners or build a colo yourself. Your machines will run for a very long time if you keep colo costs low.

Also, regarding the newer machines that have come/are coming to the market. I'm excited to see competitors, but I really want to get a few hands-on reviews from regular guys like us, before deciding to stop supporting S9s.

Eagerly waiting for the GMO machines...

I dont understand. If btc falls to near 2500 levels, u gonna take a few years to break even or never break even. It will probably never occur as new miners come out by then.

Apprentice

full member

Activity: 500

Merit: 105

Quote from: coolnair on January 28, 2018, 06:18:11 AM

Whether we like it or not, S9s are still very profitable to buy and run. I've been hearing arguments about difficulty increase for a year now. True, the BTC price jumps helped. But until BTC price drops to USD 2500 or the current difficulty triples without any increase in BTC price, S9s will keep running (approx calculations). Focus on getting a good colocation to place your miners or build a colo yourself. Your machines will run for a very long time if you keep colo costs low.

Also, regarding the newer machines that have come/are coming to the market. I'm excited to see competitors, but I really want to get a few hands-on reviews from regular guys like us, before deciding to stop supporting S9s.

Eagerly waiting for the GMO machines...

..and I think that most who started with 1 miner was for the sake of fun and mining more than an investment and immediate ROI or get rich, with that temptation of buying more after few month and start looking at solutions for power and keeping the miners cool

If you take care of your miner they will last beyond the ROI. My initial 2 S9 are running since 1.5 years non stop and never had any issues so far (touch wood Roll Eyes

)

coolnair

newbie

Activity: 9

Merit: 0

Whether we like it or not, S9s are still very profitable to buy and run. I've been hearing arguments about difficulty increase for a year now. True, the BTC price jumps helped. But until BTC price drops to USD 2500 or the current difficulty triples without any increase in BTC price, S9s will keep running (approx calculations). Focus on getting a good colocation to place your miners or build a colo yourself. Your machines will run for a very long time if you keep colo costs low.

Also, regarding the newer machines that have come/are coming to the market. I'm excited to see competitors, but I really want to get a few hands-on reviews from regular guys like us, before deciding to stop supporting S9s.

Eagerly waiting for the GMO machines...

CrypotoCreanis

member

Activity: 125

Merit: 10

Don’t do a screen name after 4 glasses of Chianti

Quote from: ?? on ??

I think prices are reduced these days because of lower bitcoin price. You can also check https://www.evaminer.com/ . I think they have launched recently and their prices looks good.

How are they selling pre-sale march A3 when there is no such thing? OOOOPS busted

kryptolarz

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

I think prices are reduced these days because of lower bitcoin price. You can also check https://www.evaminer.com/ . I think they have launched recently and their prices looks good.

Their prices look good? Hahahha fuck off

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: Apprentice on January 27, 2018, 03:37:53 AM

Quote from: Sandal_Hat on January 26, 2018, 11:22:51 PM

Quote from: bl1nd on January 26, 2018, 07:07:46 PM

If u paid 2300$ for a miner and u are getting 350$ per month thats not so bad, u are gonna ROI in 8 months. BUT, price will go up eventually, first months of the year are always bad for btc price, then the price starts increasing more and more until december

I wonder in what business u can invest 100k and get ROI before 1 year and make a return of 12% or more monthly

Ppl are still profiting from Antminers s7 right now and they had them for 4 years AND THEY ARE STILL selling the damn things for 1100$ when they bought them for like 500$. So you are looking at makiing profit for a whole year and getting AT LEAST your money back by selling the S9

Dont worry, if profit gets too low a lot of miners will go offline and difficulty will get easier or it will go up in minimal %

PD: In the calc i use a 13.5 s9 is giving 430$ monthly, also i doubt ull choose a a day/hour to sell when it is going down for example today's high was 11700

If that rate is going to be the same for 8 months, I would be happy. The miners will not go offline even if profits are low. People will just mine. Look at D3 for example, people are still mining even if it is low profit. Low profit is better than nothing u see.

"...there is lot of fud in market right now: korea ban, wall street shorting BTC, CME BTC futures contract, korea taxation... why all these things are happening at the same time doesn't it seems all this is planned big guys are playing with us so that they can win in futures contract?!

all this is because of CME futures contract that will expires/expired on 26th of jan. on 17th of jan Cboe futures contract expired at 10900$ and bears win and just after 5 hours 200 billion dollars came back in market. so we may see a good pump in alts and BTC too after 26th jan.

Meanwhile in korea some banks will work with crypto exchanges with new taxation rules from 30th jan.
BTC lightining network is coming
CME BTC future expired on 26th jan.
one Japanese company started part of there salary in BTC

So all this indicates that big players, banks, companies and whales

One cannot assume that wat happen last year to prices will do the same thing this year.

I hope u are right buddy

Apprentice

full member

Activity: 500

Merit: 105

Quote from: Sandal_Hat on January 26, 2018, 11:22:51 PM

Quote from: bl1nd on January 26, 2018, 07:07:46 PM

If u paid 2300$ for a miner and u are getting 350$ per month thats not so bad, u are gonna ROI in 8 months. BUT, price will go up eventually, first months of the year are always bad for btc price, then the price starts increasing more and more until december

I wonder in what business u can invest 100k and get ROI before 1 year and make a return of 12% or more monthly

Ppl are still profiting from Antminers s7 right now and they had them for 4 years AND THEY ARE STILL selling the damn things for 1100$ when they bought them for like 500$. So you are looking at makiing profit for a whole year and getting AT LEAST your money back by selling the S9

Dont worry, if profit gets too low a lot of miners will go offline and difficulty will get easier or it will go up in minimal %

PD: In the calc i use a 13.5 s9 is giving 430$ monthly, also i doubt ull choose a a day/hour to sell when it is going down for example today's high was 11700

If that rate is going to be the same for 8 months, I would be happy. The miners will not go offline even if profits are low. People will just mine. Look at D3 for example, people are still mining even if it is low profit. Low profit is better than nothing u see.

"...there is lot of fud in market right now: korea ban, wall street shorting BTC, CME BTC futures contract, korea taxation... why all these things are happening at the same time doesn't it seems all this is planned big guys are playing with us so that they can win in futures contract?!

all this is because of CME futures contract that will expires/expired on 26th of jan. on 17th of jan Cboe futures contract expired at 10900$ and bears win and just after 5 hours 200 billion dollars came back in market. so we may see a good pump in alts and BTC too after 26th jan.

Meanwhile in korea some banks will work with crypto exchanges with new taxation rules from 30th jan.
BTC lightining network is coming
CME BTC future expired on 26th jan.
one Japanese company started part of there salary in BTC

So all this indicates that big players, banks, companies and whales

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: bl1nd on January 26, 2018, 07:07:46 PM

If u paid 2300$ for a miner and u are getting 350$ per month thats not so bad, u are gonna ROI in 8 months. BUT, price will go up eventually, first months of the year are always bad for btc price, then the price starts increasing more and more until december

I wonder in what business u can invest 100k and get ROI before 1 year and make a return of 12% or more monthly

Ppl are still profiting from Antminers s7 right now and they had them for 4 years AND THEY ARE STILL selling the damn things for 1100$ when they bought them for like 500$. So you are looking at makiing profit for a whole year and getting AT LEAST your money back by selling the S9

Dont worry, if profit gets too low a lot of miners will go offline and difficulty will get easier or it will go up in minimal %

PD: In the calc i use a 13.5 s9 is giving 430$ monthly, also i doubt ull choose a a day/hour to sell when it is going down for example today's high was 11700

If that rate is going to be the same for 8 months, I would be happy. The miners will not go offline even if profits are low. People will just mine. Look at D3 for example, people are still mining even if it is low profit. Low profit is better than nothing u see.

bl1nd

jr. member

Activity: 53

Merit: 1

If u paid 2300$ for a miner and u are getting 350$ per month thats not so bad, u are gonna ROI in 8 months. BUT, price will go up eventually, first months of the year are always bad for btc price, then the price starts increasing more and more until december

I wonder in what business u can invest 100k and get ROI before 1 year and make a return of 12% or more monthly

Ppl are still profiting from Antminers s7 right now and they had them for 4 years AND THEY ARE STILL selling the damn things for 1100$ when they bought them for like 500$. So you are looking at makiing profit for a whole year and getting AT LEAST your money back by selling the S9

Dont worry, if profit gets too low a lot of miners will go offline and difficulty will get easier or it will go up in minimal %

PD: In the calc i use a 13.5 s9 is giving 430$ monthly, also i doubt ull choose a a day/hour to sell when it is going down for example today's high was 11700

halfmil

jr. member

Activity: 61

Merit: 3

Quote from: kobo_eth on January 26, 2018, 06:55:18 AM

Quote from: kenji on January 25, 2018, 07:43:18 PM

Quote from: brad2388 on January 25, 2018, 07:42:16 PM

With the high dificulty increase is the s9 still profitable

Yes, and when the price of BTC goes back up, the profits should be slightly higher.

I woke up this morning, checked my miners, checked what-to-mine, and I was utterly surprised to find out that profitability from one S9 currently is ~350 USD per month. It is true that difficulty increased one day ago, but profitability is ridiculous now.
I'll still be mining though, once you started you should not give up.

I would say that's a little low but probably not to far off. It also depends on where you mine and how you mine and your electricity cost. I think it's probably closer to $400-$450 per month at the moment for 1 s9 with the current difficulty and price of btc at around $10,800. If btc goes to around $8000 it will not be good for miners. I feel if the price of btc was holding around $14000-$16000 right now it would be a great to be mining. So I'm going to keep mining and hold.

kobo_eth

full member

Activity: 294

Merit: 101

Quote from: kenji on January 25, 2018, 07:43:18 PM

Quote from: brad2388 on January 25, 2018, 07:42:16 PM

With the high dificulty increase is the s9 still profitable

Yes, and when the price of BTC goes back up, the profits should be slightly higher.

I woke up this morning, checked my miners, checked what-to-mine, and I was utterly surprised to find out that profitability from one S9 currently is ~350 USD per month. It is true that difficulty increased one day ago, but profitability is ridiculous now.
I'll still be mining though, once you started you should not give up.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: alh on January 25, 2018, 07:26:49 PM

Quote from: Sandal_Hat on January 25, 2018, 06:18:18 PM

Quote from: Logan4el on January 24, 2018, 07:10:58 AM

Do you expect next batch of S9 to go for sale below 2000$?

Because the profitability is down from before? I think news sources created a media frenzy which caused it.
I got a feeling it wont be below 2000 though.
I hope mining didficulty drops. It is way too high now.

While I can't comment on the S9 price, I feel qualified to comment on difficulty.

I expect difficulty will continue to rise, until it "catches up" with BTC price. I think the best you can hope for is a slowing in the rate of increase, as long as the price stays in the $11,000 range. Since 2013, I haven't seen a sustained decline in difficulty that lasted more than 2-3 cycles. I have a seen it "plateau" for a few months, but that didn't last more than 6 months or so. Now that folks have seen that BTC can spike to $20,000 I think it will be a while before folks give up on the dream of "getting rich". I expect that mining hardware will command a good price for a while. FOMO will take months to dissipate in my opinion.

The media should stop sensationalizing things as if it is so easy. Those ebay prices are juz nuts high.
The thing is if btc price has to keep going up alot for mining to be decently profitable, it would be far better to juz buy btc than mining equipment.

Last year btc went from 800 to 10k now. Thats a 12x increase and difficulty increased to the point mining is only so profitable now.
If btc has to increase 12x again for mining to be decently profitable at end of year, wont it juz be better to buy btc than to mine??
And it is not likely to increase 12x this year it seems. If price doesnt increase but difficulty increases, this isnt gonna be good.
Lets hope bitmain retains the monopoly. More manufacturers and difficulty increasing is the last thing needed right now.

Just my opinion and I could be wrong.

dlezama

member

Activity: 140

Merit: 17

Quote from: kenji on January 25, 2018, 07:43:18 PM

Quote from: brad2388 on January 25, 2018, 07:42:16 PM

With the high dificulty increase is the s9 still profitable

Yes, and when the price of BTC goes back up, the profits should be slightly higher.

s/when/if ?

kenji

sr. member

Activity: 448

Merit: 255

Quote from: brad2388 on January 25, 2018, 07:42:16 PM

With the high dificulty increase is the s9 still profitable

Yes, and when the price of BTC goes back up, the profits should be slightly higher.

brad2388

member

Activity: 73

Merit: 10

With the high dificulty increase is the s9 still profitable

Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order - page 48. (Read 531067 times)