Post
Topic
Board Hardware
Re: AntMiner S2 1TH/s Miner Batch 4, Price changes daily, now 2529 USD for 1TH/s
by
dlowings
on 09/05/2014, 17:30:37 UTC
I cannot understand why the reduce the prices every day?

That way, everyone would wait to buy until it gets stabilized.

You will lose minig profits if you wait.. it makes zero sense to wait.  The price isn't dropping fast enough to justify waiting nor should it drop that fast.

The reduction made in 2 days is 2599 - 2529 = $70.

With a single Terra you will not earn $70 in 2 days. You will earn $54 minus the electricity, making it less than $48.

Where am I wrong?

The price the S2 is at is too high - Bitmain is focused on bringing it down to reasonable prices 1 day at a time, just like when they jumped the S1 price down from 0.8BTC to 0.6BTC to catch up to the difficulty trends.

The S2 has 10x the chips and 5.5x the speed of an S1, but still costsa about 11x the price of an S1.   That makes it less appealing as a purchase

The only thing that makes the S2 less appealing is the possibility of having hardware issues, or the POPULAR flash card issues, and then having to wait on a RMA while watching potential revenue pass you by. Trust me, when something goes wrong, speed in resolving the issue in my mind is not a major concern of Bitmain.