Rumor that Bitmain is going belly up! can't pay its chip builder! - page 3.

philipma1957

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'The right to privacy matters'

Quote from: Norm MacDonald on December 22, 2018, 10:26:34 AM

I'm finding brand new S9i 14 th in the states that I can physically pick up and avoid shipping altogether. $220.00 WITH PSU in original unopened box. Then I pop the ASICBoost Frimware upgrade on them and I can't believe how reliable smooth and efficient these units are. These are my favorite of all S9's to date. I'm sub .05 per Kwh so it's an easy call. I have absolutely no reason to even think about these new units. Not to mention, they haven't been running enough to get sense of their reliability. These things could very well turn out to be an RMA fest.

A LPM s9i does 13,700 at 1275watts on the wall that is 93 watts a th

some LPM s9i do 13,900 at 1250 watts on the wall that is 90 watt a th

I have been getting them with a psu for 250 usd.

my power deal is a 50 50 coin split so it is 6900 th for free so for me 6-7 month roi.

While I want the new gear it is still too much $$

So in effect bitmain has priced this too high for the USA unless the buyer is in the 6,7,8 cent power range.

Still a ton of offline hash power available. If you are USA based buying from new from bitmain vs buying from used from ebay is an easy choice.

Norm MacDonald

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Quote from: philipma1957 on December 21, 2018, 02:51:50 PM

2,3,4,5 cent should think old s9i

I'm finding brand new S9i 14 th in the states that I can physically pick up and avoid shipping altogether. $220.00 WITH PSU in original unopened box. Then I pop the ASICBoost Frimware upgrade on them and I can't believe how reliable smooth and efficient these units are. These are my favorite of all S9's to date. I'm sub .05 per Kwh so it's an easy call. I have absolutely no reason to even think about these new units. Not to mention, they haven't been running enough to get sense of their reliability. These things could very well turn out to be an RMA fest.

philipma1957

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'The right to privacy matters'

so 885-670 = 215/28.50 = at 7 ½ months which is much better then 480/28.50 = 16.84 months.

The Trump tax hurts bitmain bigtime.

I would argue that at 7 cent power buying any gear is a tough choice for a USA guy.

If you are a 4 cent guy:

4 x 750 = a 30 cent power savings new gear
old gear earns 24 more so net is 6 dollars

So no 4 cent power guy wants the new gear it is only 6 dollars better each month.

This means only a handful of buyers want the new gear. 6 cent 7 cent 8 cent power guys it makes sense.

maybe 9 cents and anyone over 9 cents should not mine much right now.

2,3,4,5 cent should think old s9i
6,7,8,9 cent maybe new gear is better.
10 cent and up no gear.

So a lot of people don't want the gear.

TheYankeesWin!

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In a no tax country it is 840 + 110 = 950 - 65 - 885

So you still gain 28.50 a month over a pair of used s9i's with 7 cent power.

Mousem40

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I'm sure the general conclusion is correct but I'm not sure about the numbers?
The price of a T15 is $840-$65 ($775) plus taxes and shipping (it comes with a built in PSU).
In the non US tariff world we don't have such high taxes.

Bitmain is going to zero. If they even think about IPO'ing it will be a Stand up Comedy show instead of a Road show!

philipma1957

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'The right to privacy matters'

Quote from: Mousem40 on December 21, 2018, 11:46:26 AM

Yup T15s at $840 minus any $65 coupons you've been given, making it a sub $800 unit.

lets do some usa math for usa buyer.

buy one at 840 +110 = 950 x 1.276 = 1212-65 = about 1150

high power = 23000gh and 1600 watts I rounded

2 used s9i on eBay = 500
2 used psus = 170

total 670 vs 1150

hash 23000 watts 1600
hash 27000 watts 2550

pretend they come the same day I am spending 950 watts extra with the s9i that is 25kwatts a day round up

750 kwatts a month at 6 cent power that is 45 dollars a month so in ten months you save 450 in power with the new gear

but you lose 4th a day in hash that is 24 dollars a month current prices so you don't save 45 a month you save 21 a month for the new gear and you spent an extra 480 to do so.

so buying the t15 at 840 with a 65 dollar coupon is moron move for a usa buyer when he can buy 2 s9i's used on eBay easy peasy.

Bitmain has fucked the game up hard.

now that is a 6 cent power set of fact 480/21 = 23 months to be even

at 7 cent it is faster you gain 28.50 a month over the s9i.

QuintLeo

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Quote from: Norm MacDonald on December 18, 2018, 12:33:08 PM

Something's wrong with these Mods. They keep deleting legitimate posts that are 100% on topic. It's ridiculous.

The "deletes" I've had lately have been a mod combining 2 posts into one - though sometimes it makes NO SENSE to do so as they're talking different subjects and doing that makes trimming the quotes to REDUCE ANSWER LENGTH a lot tougher.

Mousem40

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Yup T15s at $840 minus any $65 coupons you've been given, making it a sub $800 unit.

Norm MacDonald

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Quote from: minefarmbuy on December 18, 2018, 10:53:28 AM

Quote from: minefarmbuy on December 15, 2018, 01:02:45 AM

Seems Bitmain english store is sparse. Thoughts?

Quote from: mikeywith on December 17, 2018, 05:41:43 PM

I just noticed that bitmain took everything off their English website, they kept only the S11,S15,T15 and DR5 . and they all are due to ship next month !
the S11 is actually to be shipped by end of Jan ! .

seems like bitmain is in desperate need for CASH !

That was days ago and my other comment got deleted around sourcing from third parties.

Something's wrong with these Mods. They keep deleting legitimate posts that are 100% on topic. It's ridiculous.

minefarmbuy

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We are not retail.

Price will drop. Will have to as new machines come out. Short term anything under $800 will benefit consumers in the US right now and drive sales.

Bitmain.com has a new look apparently.

minefarmbuy

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We are not retail.

Quote from: minefarmbuy on December 15, 2018, 01:02:45 AM

Seems Bitmain english store is sparse. Thoughts?

Quote from: mikeywith on December 17, 2018, 05:41:43 PM

I just noticed that bitmain took everything off their English website, they kept only the S11,S15,T15 and DR5 . and they all are due to ship next month !
the S11 is actually to be shipped by end of Jan ! .

seems like bitmain is in desperate need for CASH !

That was days ago and my other comment got deleted around sourcing from third parties.

QuintLeo

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Quote from: minefarmbuy on December 17, 2018, 02:42:20 PM

They should drop the t15 to under 800 USD.

Doubt that will happen anytime in the next 2-3 years and DEFINITELY not in the next year (barring a major Bitcoin collapse well below the $2000 level) with their S11 in the $500 range as the new bottom-end of the line and the T15 still offering higher efficiency AND higher hashrate than the S11.

The way things look right now in the semiconductor industry, I don't expect a real "new node" past the current 7/10 nm node for at least 4 more years to reach "production" status, and it MIGHT take a lot longer than that given some of the commentary out of IBM and Intel and Intel's major issues getting their 10nm process to work well.

Quantum effects have been a noticeable issue in superconductors for a couple decades now (NOT counting Tunnel Diodes that were specifically engineered to take advantage of Quantum Effects) and it's been getting worse every new "node" generation on an exponential basis.

mikeywith

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be constructive or S.T.F.U

I just noticed that bitmain took everything off their English website, they kept only the S11,S15,T15 and DR5 . and they all are due to ship next month !
the S11 is actually to be shipped by end of Jan ! .

seems like bitmain is in desperate need for CASH !

minefarmbuy

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We are not retail.

They should drop the t15 to under 800 USD.

QuintLeo

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Quote from: minefarmbuy on December 15, 2018, 01:02:45 AM

Seems Bitmain english store is sparse. Thoughts?

Bitmain finally closing out their firesale on their obsolete 28nm gear but haven't had the chance to ramp up production on most of the 14nm replacements yet due to their push to get S15/T15 units sold so they can meet their bills with current cashflow.

Anyone else notice this new "S11" unit - looks like the same chips as the S15/T15 but set to run at a slightly higher voltage per chip than the T15 giving lower efficiency, and a few less chips for lower hashrate.
Makes me wonder if there's going to be a "S13" sitting between this one and the T15 eventually.

figmentofmyass

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Quote from: sidehack on December 13, 2018, 10:48:19 AM

I think inventing your own currency, making sure that everyone gets a buttload of it for free, and then trading hardware for only that currency ("giving it away") wasn't exactly a brilliant financial strategy.

perhaps not, but isn't it possible they own (or have access to) lots of obsolete mining hardware they can point at bcash, which would otherwise be useless? aside from the initial "airdrop" people needed to buy bcash to buy hardware---that propped up the price too. i figure these two points factored into their plan. it seems incredibly risky whatever the result.

still i am very skeptical of this story because coingeek (calvin ayre) seems to be the only source for it and TSMC seems to have refuted it.

philipma1957

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'The right to privacy matters'

Quote from: Norm MacDonald on December 15, 2018, 09:12:56 AM

Unfortunately, from a strictly "psychological" standpoint, this is very indicative of a market that is not near it's price bottom yet. There are still too many people that are optimistic enough to throw money at a ridiculous scheme like this. For " capitulation " to truly occur, there needs to be an atmosphere of utter negativity and despair towards BTC. When you stop seeing stunned sheep using terms like "HODL" and start cursing at the very mention of "BTC", it's not over. There will be more blood. Hopefully that entails Bitmain going belly up.

yeah you are very likely correct.

I advise holding as much cash as possible rather then as much coin as possible.

my cash to coin % is 80 cash to 20 coin

I have

BTC which is about 60% of the coin
BCI which is about 30% of the coin
RVN say 4%
LTC say 3%
Doge say 2%

various say 1%

DaCryptoRaccoon

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OGRaccoon

Last 7 days :

High - 44 exahashesPerSecond
Low - 31 exahashesPerSecond

Norm MacDonald

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Unfortunately, from a strictly "psychological" standpoint, this is very indicative of a market that is not near it's price bottom yet. There are still too many people that are optimistic enough to throw money at a ridiculous scheme like this. For " capitulation " to truly occur, there needs to be an atmosphere of utter negativity and despair towards BTC. When you stop seeing stunned sheep using terms like "HODL" and start cursing at the very mention of "BTC", it's not over. There will be more blood. Hopefully that entails Bitmain going belly up.

philipma1957

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'The right to privacy matters'

Quote from: digital$ on December 15, 2018, 04:20:14 AM

looks like they(Bitdeer) limit your mining to only antpool and BTC.com Huh

wtf?

yep cause they use the s15 to mine which is about 50 watts a th if pointed to their pools.

50 watts a the = 1.2 kwatts a day

at 3 cent power that is 3.6 cents
at 4 cent power that is 4.8 cents
at 5 cent power that is 6.0 cents

they charge you 13 cents a th up front this puts you at 100% risk for diff jumps and price drops

look at the gray line on the chart below

it is on the way up that is the current real time diff

i.e. bitdeer f'ing idiots in the butt

look at the price dip coins are now at 3114 this is bitdeer cashing out the buyins of the contract right now thus casuing price drop in the coins

so this new venture is directly raising diff and lowering price.

better yet that can terminate your contract if it has 15 losing days in a row. which it will if diff moves upward and price drops.

0% risk for them 100% risk for you

Topic: Rumor that Bitmain is going belly up! can't pay its chip builder! - page 3. (Read 19832 times)