Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order - page 51. (Read 531164 times)

Hi guys! I just got my first S9. Everything went just fine till morning when one of the 3 hashboards stopped hashing. I tried everything, unplugged, reset, psu cable variations, update the firmware, but nothing. In the status everything seems normal, only the GH/S(RT) shows 0, everything else is the same like at the other two. Any idea what should I do? I would not like sending it back to bitmain. Thanks!
https://imgur.com/a/IHYmK

Yes, but you're right - there are more issues.

If you have the funds ready just get the BCH now.

Guys, is there someone who has successfully paid for Antminer S9's with USD? I see a lot of issues with statuses and some minor differences in the posts. I am planning to stockpile some cash in my USD account so I can quickly react if they open a new batch next week.

Up to 7 business days(China business days).

If you've uploaded proof you should have nothing to worry about. It took my Bitmain account a few business days to catch up and realize the payment was made.

Good luck. This being my first time ordering from Bitmain I'm hoping someone will reply here that's been through the US wire transfer process
to give a little insight on the time line. I'm just being proactive and want to make sure I'm not missing something along the way.

I have exactly same problem
and already created ticket for their customer support
 

Hi guys,

Re: Bitmain, what's the ballpark timeline for US wire transfers going from "unpaid" to "paid"?  I've sent the wire and uploaded proof. I can see it in my account.
Today will be the second day after sending proof and it still says "Unpaid". Not freaking out - just wondering what others have experienced as far as wires go.
Btw, i used BofA and it is my first time ordering with them.

Thanks

I think the only hope we have is that Moore's law continues to prove true for mining equipment.  If hashrates and difficulty is curvilinear, we know for sure that so is processing power according to Moore's law.  So, I will say this: it is no surprise that this far into the product life cycle of the S9 we are looking at these types of predictions. 

Although the expectancy for sustainable levels of profitability is still debatable, what is not debatable is that we will sooner or later hit the point where the S9 generates less BTC (at that moment's BTC/USD rate) than it uses in electricity (at that moment's USD price per kWh).  I believe the point that is trying to made is that if difficulty rises and we hit a point where you spend $300 in electricity per month, but you only mine .025 BTC per month, you are paying the equivalent of $12,000 per BTC.  And if the USD/BTC exchange rate ends up being $11,000, then it doesn't make much sense to keep mining at that price because if you are counting on appreciating of value, you get more buying 1 BTC at the $11,000 rate than .025 at the $12,000 rate (your electricity costs vs the amount of BTC mined).

Hope that doesn't confuse anybody too much.  Let me put this in perspective: at the current difficulty I am currently scoring about .06 BTC per month with my S9 and paying $150 for the electricity to keep it running.  That means the S9 is allowing me to gain BTC at a $2,500 purchasing price.  This is a great deal if the USD/BTC rate stays at $11,000 (Profit ratios are at 440%).  If difficulty rises to where my S9 only generates .01 BTC per month for the same $150 in electricity costs, that same S9 is now allowing me to gain BTC at a $15,000 purchasing price.  This is a terrible deal if the USD/BTC rate stays at $11,000 but if the BTC/USD rate jumps to $25,000 its a great deal again (Profit rations are at 167%).

The only thing this doesn't take into consideration is the purchase price of the equipment and its salvage value at the end of its life, notwithstanding malfunctions or dead equipment.

This is 100% false. Bitmain will eat their 5 dollar fee. They did it several times for me last year.

Don't forget the exchange fees. And the time to takes to pull it off.

Why not juz use bitcoincash. Transaction cost for me was a few cents and in like 10mins lol. Pretty good yes

I decided to google customs Broker fees and UPS comes up quite often for price gouging people on international shipping. If they not charging you broker fees, then you're extremely fortunate.

@CryptoCreanis
UPS doesn't charge you a fee for clearing customs or do you clear the items thru customs yourself?
If I don't pay the fee, they'll probably ship it back to Bitmain.

Has anyone used DHL in the US and not paid an exorbitant fee like UPS is charging me?

Damnnnn paying 45$ for a 5$ wire that sucks i guess im gonna do it just in case

That’s odd for sure

open a ticket, they give you a bitcoin address to pay the difference. or have a new wire.
If you do not pay, do not send,

@CryptoCreanis
That $277 UPS is asking for is for 2 S9 at $1415 also. Customs tax & duty is $98.50 out of the $277; UPS is charging me $178.5 for broker fee.

Hey guys a small question i ordered 6 antminers s9 in the last batch sold i paid using a wire transfer from USA did everything perfect, selected pay all fees, my order status now is PAYING and VALID also it shows what they recieved it shows i sent 14447$ and they recieved 14442$ not my fault since i paid my fees on my side. Am i in the clear? or do i need to pay those 5$ for them to change my order to paid?

PD: First time ordering from bitmain

Hmmm, that's a hard one, you might be right
You certainly need an accelerated depreciation method simply because mining time lost today is worse than mining time lost tomorrow (because of the increasing total network hashrate & following difficulty).
Normally the double declining balance method assumes faster depreciation in the beginning of the asset's life and slower depreciation near the end to account for lower maintenance costs in the beginning of the asset's life vs. the end, but it could be seen to account for the above as well.