Topic: Which Bitmain product right now 6000$ to spend (Read 437 times)

Another $50 drop:

https://shop.bitmain.com/product/detail?pid=000202005181635433922cmmNtLw06EA

At the time of this post it's $799 with a Shipping date of: 1-31, Jul. 2020.

told you to wait. that is a decent drop

They have just dropped the price of S17e 60TH to $851 for June dispatch

Tempting...

We haven't seen a significant dip in difficulty with the halving yet (though it's a bit early to tell). So that guesstimate was based on the difficulty increases remaining roughly what they've been historically. It's very likely that in the next week everything could change. Part of the fun of being around during "The Halving" lol

I’m in the UK and my voltage is 235. Two commercial units.

Wow you really think it will be as low as that? I thought even in 6months from the halving the hash rate would be significantly less than just before. Even with the new gear, there must be a lot of S9s in the world been turned off.

It would take two years to break even with out any power costs or failed gear, at that rate.

900A @ 220? Jesus... you powering a small neighborhood or something? lol. Guess that resolves the power concern.

As for how much it would mine - at the current difficulty it would be 1 BTC. But difficulty will rise, and the new line of miners coming this summer, I'd guesstimate you're closer to seeing 0.5BTC out of it in the first year, then maybe another 0.25 the following year, maybe 0.1 in year 3?

I’m a bit concerned about the S19. Sitting on the fence with that one. I wouldn’t want to wait that long anyway.

I have access to around 900A of power with a fair bit of solar. So the loading is not an issue.

It will cost me around 0.6BTC + import for 6 S17 e. I would love to know how much it would mine over a year. In terms of BTC value I’m calculating around 1BTC??

Oh I totally get the hobby thing - I was just saying with a $6k investment there's no way to make $8k/yr (even before expenses) - the hashrate arms race continues as it has for ages since FPGA/ASIC mining first showed up. If the goal really is 1 BTC per year, what I suggested is the best way. If it's "I want to mine because it's fun, and it can offset most of the costs of me having fun" well that's another discussion altogether. That just doesn't line up with the FOMO comment earlier though.

In terms of best miner to buy, it's always been either the first of the new ones that aren't out yet (if you're fine waiting, which you said you might be) or the most efficient miner you can get RIGHT NOW to get mining before difficulty continues to rise.

The S19 Pro can be bought new from Bitmain and is shipping - looks like it's going to be a beast, but it's so hard to say what's going to happen between now and August in terms of difficulty increases (especially with the halving that just happened and the assumed drop that we didn't see yet). An S17e can be purchased and ships in the next month, that's a lot less "risky" in terms of difficulty increases. 6 of those would cost ~6k and would get you 360TH/s but do you even have the power necessary to run 6? That's around 20KW or roughly 90-95A of 220v power you'd need available (and at $0.10/KWh around $1500/mo in electric bills).

Thanks but It’s more of a hobby

To buy your first year's BTC you only need about what you have in cash right now. To get next year's BTC, take the money you would have spent on energy for a year, and additional mining gear (to keep up with difficulty increases) and there you go, etc.

Thanks.

Struggling FOMO proper kicked in.

It depends on price of BTC. Anything 10k BTC ish will determine how I’m going to pay.

Why you saying wait do you not think they will sell out of gear?

I would like to earn around BTC a year (before costs). So I’m thinking 360TH/s will do this?? Suppose we can’t calculate properly at this stage?

breath deep relax.  wait just a bit.

are you 6 k in cash 💰?

if you are all cash 💵 consider holding some in coin.

say 5000 cash 1000 coin.

thanks. Appreciate the comment.

Yes it is controlling me. Thinking about the S17 60Th now. Maybe just three

There seems to be a lot of traffic on Bitmain/Whatsminer. I wonder if they are selling or people just checking the pricing

@mark421421
What ever you do, don't let the FOMO (Fear of missing out) control you.

Im over in the UK so import is bit different. I will pay around $1200 dollars on this shipment.

I might cancel the order and risk losing my 430$ coupons. I paid by wire so I can stop the bank.

I was thinking the coin might jump with all the hype that's why I wanted to get in.

I no its a silly question but if the coin stays around the same price what do you think the earnings will be? taking into account all the gear that will get turned off?  Will it be roughly half or will increase a little as there is less competition. Before the halving I get it to be around 2.31BTC a year for a hash rate of 406TH/s

Thanks again!

---

Just an update. Cancelled my order with Bitmain, they have sent me the coupons straight back and sent me more.

Which suggests to me they are not busy. I will hang on until the price drops.

Been looking at whatsminer M31s at 80TH/s

I just don’t like the idea of 3.3kw on one lead 365days a year.

I guess I’m just panicking because I have been mining for so long at and don’t like the idea of having only 70TH and missing out.

Looking at the rewards for T17 vs a L3+ they are around the same.

no one will buy them after 1/2 ing unless price sky rockets to 12000 or higher.

do the math a t17+ was as low as 762. when coins were around 7.1k I got one for 762. on April 19 or so.


so they want 943 vs 762

coins are 9600 vs 7100. so. the price jump seems okay it is not. why

you are closer to 1/2 ing by 20 days
you are over use import tax limit of 800

you risk 30% tax on 943 vs 3 % tax on 762

but take into account you beat the tax.

you lose 20 days or more of 12.5 blocks. this gear earns 58 x 15 =. 8.70 a day x 20 = 174 usd. this is certain not if or maybe

so. that 943 is really 1117 vs the 762 it was on apr 19

if you make the coins price  adjustment .11635 btc May 9  to .10732 btc. April 19.

so you are buying higher priced gear .  which is why I was trying to discourage you.  as it is certainly a higher price then I paid on April 19.

you could still be correct if coins take off like a mofo and crest pass 12000 quickly you won't get cheaper gear. and you would be right . is coins wonder around at 9-10 k you would have jumped the gun.

Why do you think they will drop the price?

In feb I paid 960$ for same model the price is the same today. But the rewards are obviously going to drop. The price of BTC was around the same.

Do you think they are inflating the prices due to the hype around BTC at this time?

too bad my guess is you rushed in too soon.

but I am often wrong.

Couldn’t cope anymore. Ordered 7 

depends. coins are pushing 9800. if they crest 10,000 and keep moving to 13k range no.

Thanks.

Probably  edging towards the T17+.

Just wondering if Bitmain will drop the prices next week 🤔

okay you have 6000 and want miners.

i assume you have cheap power

and that mining will make money for you.

so you need gear to not break.

all bitmain gear ⚙️ has batch variance.

my first t17+ sucked.
my second t17 + ordered two months later is great.

my t17e were on same order both work fine but are power hogs.

i ordered all my s17pro at same time. cause they allowed paypal. not much risk if they suck.

my advice is based on splitting risk.

note I can be wrong. my guess is based on one hundred orders from winter 2013 to april 2020.

and weight is placed from 2-2-2019 to 5-1-2020.

Thanks agin for the detailed response.

Do you really think the price of the machine will drop after halving?

If T17e and S17e are as bad as each other why would i split over two different types as there would be as much chance of failing.

Okay you have 6k correct?

and you have some coupons.

order 1 t17 +
order 1 s17e

wait until  May 13th to buy again

basically  buying  six of the t17+ or 6 of the s17e is not the right move as you could get a bad batch.

we are before the ½ ing and things are going to be set into motion very soon.

If you really want to order before the ½ ing due to your coupons  maybe they expire if coins go to 10k

then order 3 t17+
and order  3 s17e

my 2019-2020 order record from bitmain is

1 x s15 ---------------------works fully at or above spec
1 x t15 ---------------------- "
2 x t17 ---------------------- "
1x s17  ---------------------- "
15 x s17 pro ---------------- "
2 x 17e   -------------------- works full but uses power power then spec
2 x 17+  -------------------- 5 good boards 1 board has issues
4 x s9k ---------------------- need to be booted often but hash at spec and use power at spec.


my power is 218-228 volts very steady since June 2019  we did have an issue before June we would drop to 190 volts gear would drop out but this is not the gears fault

my air cooling is great.  lots of airflow more then I need.


my microbt what's miner record 2018-2019

10 m10's   ----- 1 died 7 fully spec 1 hashes at 27 not 31 1 has a dead board
2   m20s    ----- 1 underhashes at 38th  other is great at 68th I had to purchase 1 psu
1   m21s   ------ works fine.

so for me since late 2018 up to now my ant miner gear has been pretty good.

Thanks for the responses!

Im leaning towards the T17+ or S17e. I will probably get 6. The reduced power for same hash rate is tempting but does this come at reliability cost?  I will probably have them less than 6months.

I had a look at the Micro BT but I simply can't justify the cost based on the short time I will have them and I have coupons for Bitmain.

I don't want to hold anymore BTC!!! But I get what your saying

Ignoring S19/S19 pro since we don't have any data about them yet, none of the gears you mentioned is reliable, miners are reporting 30% failure rate on the 17 series, Bitmain admitted the 17 series suck, some people got lucky and had a less failure rate, but whose words are more reliable, the Chinese large farms + Bitmain or a few random people on the internet like myself? it's up to you to decide.

I personally wouldn't be any gear before the halving, we are only a couple of days away, I will most certainly not buy an S19 at this price and even if price drops I will still wait a few months to hear about its robustness if it has a 30% RMA rate like the 17 series, I'll pass, I will be most likely buying MicroBT gears m21/m20 as they have proven to be more reliable despite the cost.

buy 1 s17e
buy 1 t17+

spend the 2000 on btc and hold it.
hold 2000 cash 💰

reevaluate this plan in 30 days.

do so in this thread 🧵 on june 6th.

this levels your risk in four ways.

note 📝 1 s17e and 1 t17+  may be a little less then 2000 cost or a little higher.

so the 2000 in cash may be 1900 or 2100.

this method covers you if everything crashes.

as you have cash 💰 to buy either bargain gear ⚙️ or bargain coins.

this method covers you if prices go up as you have 2000 worth of coin which will become say 3000

also you have about 120th which will earn more if there is a price jump.

buying the s19 or s19pro in your case is stupid.  you won’t mine until july 31 or maybe aug 5

it has almost no path for the s19pro or s19 purchases to do better then my suggestion.

Just sold some of my gear on ebay on looking at purchasing some new gear from bitmain.

What would you go for right now? its so confusing so many choices!

What is the most reliable product? Im running some T17+ 58TH/s now and they haven't missed a beat. I don't mind waiting until july for s19 but i don't know about quality. Are the t17+ more reliable than s17e?