Topic: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order - page 56. (Read 531164 times)

How much do you pay at delivery?

Miners do not simply get permanently shut down forever. Nobody leaves machines that make money sitting offline, they'll either be sold and continue hashing again or a farm will shut down temporarily and be moved to another place. Difficulty's swung drastically in the past few months and there have been some instances where difficulty drops may have been attributed to mining farms being moved, etc.

Thanks,
But the one thing I did not share was my view on BTC future price, that's just not forecast-able :-)
What I tried to do is predict how much BTC an S9 will make over the coming year and what that will mean to your ROI if you started one up as of today.

Perhaps, these numbers are specific for one S9 though.

It would be good if 70% of the world's mining capacity gets taken down permanently, but honestly I think that's wishful thinking.
You might see a few dips on this graph though as it gets moved but I'm not sure it will make much of a difference.

Something like that, again there isn't anything better hash-wise than the s9, so people will either have to keep buying more, or turn off the non-efficient miners.   You need that "better miner" to show up before this thing gets going. 

Has this situation happened before?

What happens when mining isn't profitable? People shut off least profitable miners, diff goes down, and profits come back online for the more efficient miners? S9 may be phased out by q3 or so IF and thats a big if dmint comes online. Small hobby miners and some farms will have to close shop.

I appreciated you sharing your hardwork and your view of the BTC future price. But I think your post should be in speculation section.

Having said that, let me be the first to point out that your graph didn't factor in the banning of mining in China, which is about 70% of global mining population.

I know I’ve said it yesterday but I’ll repeat it again today: Unless I am missing something, this is just crazy!

I really can’t see why you would buy an S9 now, the total bitcoin network hashrate is growing faster than ever, so unless BTC value surges again (massively) this year you just won’t get your money back on your investment.
The only money to be made now is in selling miners, not in mining!
After a few months of mining I just sold my used 13TH S9 on Ebay for $2600 more than I bought it, I will be putting that profit into Bitcoin. There is no way that an S9 will make another $2600 as of this point in time, unless BTC surges as said before

But don’t just take my word for it, please have a look at the numbers below.



What I’ve done is forecast the total network hashrate for 2018 based on 2017 numbers. I’ve used basic Excel forecasting to do this.
As you can see, I’ve created a forecast, an upper bound forecast (pessimistic in this case) and lower bound forecast (optimistic in this case).
Then I’ve created 3 tables predicting how much Bitcoin one S9 will make every month based on this forecast, how much revenue that is un USD based on the current BTC/USD exchange rate and how much profit you would make based on a $150/month power cost for 1 S9.

Now, based on these numbers the only way an S9 that starts mining today will pay back your investment, is if the network hashrate follows the lower bound (optimistic) forecast which ends up flattening out again, looking at the graph alone that just seems very unlikely!

Both the standard and upper bound forecast predict profit to go negative by the end of the year.

I’m happy to share this spreadsheet with anybody who wants to play with the numbers.
Bottom line,
My bet is: sell your S9’s while you can make a good profit on them, hold BTC and wait for the next opportunity when this madness dies down a bit (or perhaps the next generation of miners?)
Of course, to each their own. Who knows what the bitcoin value will be by the end of the year and that said, you might just enjoy mining, I know I did :-).

Send me a PM i think i may be able to help. I'm located in NY.

Probably because shipping date is within 10 days after payment.

Makes me wonder if bitmain is starting to shift their stock because of china ban

I just paid 46.47$ in TAX to Canada on this.. order (41.12% of the total value). I thought it was like 5-10%

No ideas. I would have to send you the wore transfer instructions, and then I have to upload the proof of payment to them to finalize. I don't think they will change address and I have 2 other pending shipments so I can't risk messing up where they get sent

I wonder if Bitmain may be able to help facilitate this, or if we would have to sort it ourselves.  I shot them an e-mail, but it's 11PM over there.   Got any ideas?

Also they increased the price of LTC miner? Why?

does anyone know how many s9 they sold today?
i missed it again...

I'd second DHL to the Great White North!  BiteMe sent a replacement RMA'd unit via FedEx and it sat in an office for a month...

What shipping method do you guys use? And Why? I use DHL twice so far and it seems fine to Canada and it's cheapest? Any reason for this? I have used UPS in past two and they seem to be same time for delivery.

I have 2 waiting for wire transfer, being shipped to me in New Jersey that I don't need. If you can come up with a plan to take it over let me know

I received the "people are queuing" message as well.  I made it all the way to the purchase agreement twice, and got kicked out doing the captcha at the end.   One of the most frustrating purchases that I never got to make...   If anyone needs to have a few they over ordered taken off their hands...  We can work something out.   

Does emailing bitmain result in any faster shipping? I'm in tbe January 10-21 batch and still have not received any shipping information. I've seen a few people here with the same batch who have thier items shipped.

I assume the answer is no, but thought I would ask anyway.

Lol last night the funniest glitch happened while ordering. Upon adding 10 s9s to my cart, when I clicked checkout, magically 5 batch 5 s5s were added as well for $400. Yes you read that correct. Talk about going back in time haha.