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Topic: GMO miner B2: 7NM mining within reach? - page 5. (Read 2849 times)

full member
Activity: 462
Merit: 118
June 07, 2018, 05:26:28 AM
#34
Having mined through the Monero Botnet AND the ETH botnet of 2016, I'd disagree with you. But I guess everyone's gotta have that illusion somehow.

No, what I'm talking about is Manufacturer decentralization.

GMO WILL be the first major manufacturer from another country that is not China.

They may not be the last if rumours are to be believed.

Does it matter if new entrants come in? U would buy this product over an S9? The numbers dont make sense to do so. Only people bad at math would buy this or a halong TI.
hero member
Activity: 1680
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
June 07, 2018, 05:13:47 AM
#33
Having mined through the Monero Botnet AND the ETH botnet of 2016, I'd disagree with you. But I guess everyone's gotta have that illusion somehow.

No, what I'm talking about is Manufacturer decentralization.

GMO WILL be the first major manufacturer from another country that is not China.

They may not be the last if rumours are to be believed.

Agree with you, speaking on manufacture decentralization
full member
Activity: 402
Merit: 116
June 07, 2018, 04:27:59 AM
#32
well, ASIC = ASIC - there is no decentralization here, all the same story
real decentralization you have on ASIC proof coins, even the best decentralization You can find in the CPU only coins, they are rare, but the best decentralized

Having mined through the Monero Botnet AND the ETH botnet of 2016, I'd disagree with you. But I guess everyone's gotta have that illusion somehow.

No, what I'm talking about is Manufacturer decentralization.

GMO WILL be the first major manufacturer from another country that is not China.

They may not be the last if rumours are to be believed.
full member
Activity: 462
Merit: 118
June 07, 2018, 04:17:37 AM
#31
well, ASIC = ASIC - there is no decentralization here, all the same story
real decentralization you have on ASIC proof coins, even the best decentralization You can find in the CPU only coins, they are rare, but the best decentralized

I would say that it is still decentralized but not decentralized as much. Currently, there are miners that are turned off because difficulty is too high. If it keeps going higher, eventually only the cheapest miners will own all the hashrate. If it gets to the point 10 big miners control everything, maybe we should sell some btc because the risk of a 51% attack gets bigger.
hero member
Activity: 1680
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
June 07, 2018, 03:22:58 AM
#30
You guys are not accounting for Mining decentralization by buying anything other than Bitmain........Can't we put value on that?

well, ASIC = ASIC - there is no decentralization here, all the same story
real decentralization you have on ASIC proof coins, even the best decentralization You can find in the CPU only coins, they are rare, but the best decentralized
full member
Activity: 402
Merit: 116
June 07, 2018, 12:10:06 AM
#29
You guys are not accounting for Mining decentralization by buying anything other than Bitmain........Can't we put value on that?
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
June 06, 2018, 05:09:10 PM
#28
With coupons I ordered 2x s9i's for 1265 to my door

I will be mining 28th in about 14 days

If I buy the B2 for 1999 plus shipping I will be at 2200  and have to wait until Say oct 20 to mine 4 month head start.  and my power deal is 0 for power split the coins.

So there is no way for this gear to be better then the s9i in my case.
legendary
Activity: 3374
Merit: 1859
Curmudgeonly hardware guy
June 06, 2018, 11:37:56 AM
#27
And assuming it doesn't fall apart or catch on fire a long time before it pays itself off.

10% monthly increase on BTC sure would be nice, instead of the 20% overnight dumps we've been getting lately.
newbie
Activity: 3
Merit: 0
June 06, 2018, 09:05:42 AM
#26
We can simply use calculator to compare profitability, and can see that ROI for B2 is 100 days more than with S9i :

[...]

That is, while efficiency of B2 is 15% more than of S9i,  but high price makes it 30% less attractive for ROI.

I agree on the surface that the GMO B2 does not look as appealing, but if you run the same calculations accounting for difficulty adjustment over 2 years, the B2 is the only one that can give a RoI in 1.5yrs and remain profitable after that. Assuming a $50 internet connection monthly, a 10% rise in BTC price monthly (Only way the calculator would show either profitable) with a power cost at $0.09/kwh. It is not as straight forward as 10% price increase a month though. These new GMO miners "Should" ship in October, which I interpret as it being delivered some time around December. So with 5 Months of missing s9 profit ($410?) it would not matter longer term.

It would make sense to have hardware that will remain profitable for a longer time than hardware that in the near future will not be profitable for smaller miners like myself. Assuming it does not have 4 months of delays it makes sense over other options.

-I could easily be wrong and missing something that a more experienced miner may see.
full member
Activity: 392
Merit: 102
June 06, 2018, 08:08:08 AM
#25
Looking at the cost of operation 10% or more savings on electric is huge. Power rates do change, and that 10% could be the difference between an RoI/Profit with a longer outlook as difficulty rises. I personally do not have facilities paying $.03-$.04/kwh, in the summer time I pay a whopping $.0857/kwh. The extra efficiency looks pretty enticing to small fries like myself looking at a 2 year road map. I assume there are others out there feeling the exact same way.

We can simply use calculator to compare profitability, and can see that ROI for B2 is 100 days more than with S9i :



That is, while efficiency of B2 is 15% more than of S9i,  but high price makes it 30% less attractive for ROI.
newbie
Activity: 3
Merit: 0
June 06, 2018, 07:21:11 AM
#24
look for an expansion board to connect on some good server PSU, with lot of 6pin connectors
You will need at least 10 6-pin connectors to connect all the boards, like on the antminer
and server PSUs are the best choice, cause they are build to run 24/7

the price is around 0,15$ per W, a 2,200 W PSU will cost around 330$

They have stated on twitter already  "$1999 PSU included" which can be seen here:  https://twitter.com/gmominer/status/1004317442267439107

Looking at the cost of operation 10% or more savings on electric is huge. Power rates do change, and that 10% could be the difference between an RoI/Profit with a longer outlook as difficulty rises. I personally do not have facilities paying $.03-$.04/kwh, in the summer time I pay a whopping $.0857/kwh. The extra efficiency looks pretty enticing to small fries like myself looking at a 2 year road map. I assume there are others out there feeling the exact same way.
full member
Activity: 402
Merit: 116
June 06, 2018, 05:44:24 AM
#23
Yea, not alot of people think about the extra cost of the PSU
hero member
Activity: 1680
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
June 06, 2018, 05:23:41 AM
#22
Does anybody know how much a good PSU of 2200 Watts costs?

look for an expansion board to connect on some good server PSU, with lot of 6pin connectors
You will need at least 10 6-pin connectors to connect all the boards, like on the antminer
and server PSUs are the best choice, cause they are build to run 24/7

the price is around 0,15$ per W, a 2,200 W PSU will cost around 330$
full member
Activity: 392
Merit: 102
June 06, 2018, 05:20:35 AM
#21
24TH/1950W so about 80W/TH, but the miner costs $1999 and ships by the end of October, though sales start in June. I'd still personally take the S9i at its reduced price for a much lower $/TH cost sacrificing just a bit of efficiency, but nice to see that GMO has something working out the board that beats Bitmain for now.

I would agree, because BM price is 4 times less now, for S9i  -  and  taking $100 coupon in account, which I have a few, I would better order S9s for delivery in a few weeks.



Some people just might not want to (or be able to) operate a single 2KW miner.

By the way, this miners would need a 2,200 Watt PSU - which can cost much more than Bitmain's atandart APW3++.

Does anybody know how much a good PSU of 2200 Watts costs?



JUST RELEASED !!!  



GMO has just made a public presentation of their 7NM miner!

Quote
Being the first bitcoin mining device developed in Japan, the B2 is also the first miner to use 7nm semiconductor chips, enabling it to achieve performance and efficiency gains over devices that are already on the market. Bitmain’s Antminer S9 uses a 16nm chip, while Halong Mining’s DragonMint T1 features a 10nm chip produced by Samsung.

GMO believes the release of this miner is the first step in supplanting Bitmain — which currently manufacturers an estimated 80 percent of all ASIC miners — as the dominant force in the industry.

“I respect Bitmain, but we will top them,” GMO CEO Masatoshi Kumagai reportedly said.

https://www.ccn.com/gmo-unveils-japans-first-ever-bitcoin-mining-rig/

Interesting:
the B2’s 7nm chips were produced in Taiwan, most likely by TSMC, which also supplies China-based mining giant Bitmain with most of its chips.   Huh Huh
They are planning to supplant Bitmain, using the same manufacturer as Bitmain uses  Grin Grin Grin
full member
Activity: 265
Merit: 232
June 05, 2018, 02:41:15 PM
#20
Does the actual unit have 2 network ports like the renderings and are they using the extra port to make them daisy-chainable?
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
June 05, 2018, 02:28:57 PM
#19
this style of selling only feeds into bitmain

btw I am not being anti bitmain this is simple economics.

bitmain just cranks out cheap s9is sells the shit out of them.

and here is the kicker bitmain does not even have to design its next chip just buy  each new miner from Halong ,Innosilicon, Avalon or GMO


and reverse engineer it then sell it at a  lower price.

EVEN better bribe a guy on the inside and put the chip out faster then the real builder like they did to the sia asic builders.

That said I grabbed 2 cheap s9i's to test my solar idea out.
I may be able to sell a solar package for an s9i at a good price.

certainly a 2 board s9i on the cheap
full member
Activity: 402
Merit: 116
June 05, 2018, 11:19:46 AM
#18
They got no choice as far as I can tell. It seems that GMO is not willing to risk alot in this cryptomining venture of theirs. They are asking for preorders because they are not willing to foot the bill for production. However it seems to me that they have spent quite significantly on launching the product already. I will have some of their miners for sure. But I am definitely not going to be the guy who gets shot through the door. Besides, I think the very first batch has already been sold out.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
June 05, 2018, 09:59:53 AM
#17
In the long run wouldn't the B2 miner be more profitable? Let's say after the difficulty spikes because of the new miners. Thinking 2-3 years ahead.

yeah maybe if it does not break.

the 2 mistakes they are doing :

1) not shipping now
2) not offering a 1000 watt miner along with a 2000 watt miner


they would have been better off build  some  1000 watt 13th miners  along with some 2000 watt 26 th miners

and simply selling them once they are available.

This moron preorder falls right into the hands of bitmain.
r
Economically 2 s9i in hand for   1265 is so much better
newbie
Activity: 27
Merit: 4
June 05, 2018, 09:24:29 AM
#16
In the long run wouldn't the B2 miner be more profitable? Let's say after the difficulty spikes because of the new miners. Thinking 2-3 years ahead.
legendary
Activity: 3374
Merit: 1859
Curmudgeonly hardware guy
June 05, 2018, 09:15:36 AM
#15
Not necessarily. Some people just might not want to (or be able to) operate a single 2KW miner.
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