Re: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order
S9 will not profit soon ?
S9 would not profit if your daily operating cost is above USD0.13/kWh, just enough to cover operating cost / break-even to cover electricity/cooling etc.
See example below :-
(TH/s) / Opex (USD/kWH) / Profit (USD/D)
13.5 / 0.10 / 1.43
13.5 / 0.11 / 1.04
13.5 / 0.12 / 0.66
13.5 / 0.13 / 0.27
13.5 / 0.14 / -0.11
* Assumptions : Current yield of USD0.39/(TH/s), power of 1580 Watt/S9.
That doesnt look good. If the 13cents guys gets taken out, it will be the 12 and 11 cents guys next
Hopefully bitmain clears their backlog of wafer orders soon and does not over-order again. I believe that is the issue here. The new entrant GMO with their new 24TH for 1950watt miner at 1999 USD just cant compete at that price and I doubt they can price it much lower to compete. Bitcoin price increase would be great too.