I see no place on their order forms, or a way for that matter, to use S2 coupons to apply to the S4 to get another $200 off besides the coupon they just issued for $200. Can anyone confirm that they are allowing S2 coupons to be used for a discount?

You better keep your 2 cents, your gonna need em if you buy the S4 at the price. Even with the coupon, you will never get your investment back! The reason they want you to buy the machine and send it to them is so that they get the benefit of increasing the pools hash rate. This also means that they get to charge you for the "maintenance" of the miner. However...You can't say these people are stupid! That's for certain. Here's how it plays out....

Hashnest gets your miner and you pay for the shipping and of course the machine at a price where they make a lot of money. We will call that money #1 . Then they get the increase in hashing power which, after a while, will be so outrageous that they will either take over the entire bitcoin network or be very near to it. At that time, and of course when you machine is producing nothing at all (like 1 dollar a month or sooner since they will probably offer you 25 dollars to buy it out at that point) they will get your machine for basically nothing. Even if you don't want to sell it to them, you will not have a choice since shipping to you will probably cost you $100 or more as they get special super (and I mean super!!) low rates from FedEx and UPS to send to the states and really anywhere outside of China. However, you will have to get your own shipping to pick it up! If not, they will charge you just slight lower than the current rate you would normally pay if you did it yourself. So, why add insult to injury? You would sell at that point. Here's why they pick up more money in value since you know that any machine is worth more than $25.00, at lest for the next year anyway. So that's money #2. Then they get to use that increase in hash power to put in the advertisement's to get more people and get other people to quit mining so they their shares go up. That's money #3. After that, they will eventually own the network with over 51% and they can pretty much do what they like. Ghash may still be around but most of the others will be gone. I know I will. I have a large farm and 1th right now is only producing $159 a month and that's at the absolute maximum. Next week when it drops again due to difficulty, it will be $149! The price of bitcoin right now as of this writing is $374 USD. The graphs of the mining activity are going BACKWARDS! This is the first time in about a year that I have ever seen this! 6 blocks are still coming in at 1 HOUR to complete! Normally after this time since the difficulty change you would normally see 52 to 56 minutes for 6 blocks. Being that a ton of people quit mining this week, and sold all their coins I'm sure, the rate is going down and the coin price is following. This can all easily be seen at bitcoinwisdom.com When the gray and the blue lines drop below the red and stay there, nothing good comes of it I assure you! It happened one other time but it was just a few hours and that's when the price came down to 450 for the first time after running up to $1000. This has been sitting here for some time now and I don't see a correction.

The S4 can not make money for us, but as you can easily see above, it makes money out of every orifice for Bitmain. They sell you the golden goose for too much money and then they take all the golden eggs in the end and in some cases hold your goose hostage for transport fees to get him back of which at that time he is either near dead or DOA!

Unless the price turns around and goes up another $300+ on top of what it is (not holding my breath with a guy holding on to 30,000 bitcoins he bought for 20M dollars and already sees 5M in losses and is just a matter of time before he dumps them into the market and we see the coin go to less than $100)! Everything stated here is the truth. I love the coin and concept, always have. Just never thought the Chinese were going to run it into the ground like this. Now the only real unknown question here is...When is the hedge fund that bought all those coins (they were most all bought by 1 person BTW) is going to realize that selling now and taking a 5M loss is better than waiting until later and taking a 15M loss! 

I saw that and I was wondering why the s2's went away so fast. Even with their original problems and their power draw, it was a good machine. They shot out the S3 and that was the end of the 2's. Now I see that 4300+ S2's are tucked away in their own farm and they sent us the defective (well not to spec) S3's instead.

As I posted a day ago, I was concerned about the ROI on the S4 as I thought something like that was going to happen and sure enough, at $1450, it did! Someone then says that if I have to worry about ROI that I shouldn't be in mining!!! Guess what, looks like NO ONE should be now since at $1450, unless you get power for free and still care to waste your time and money to make what little scraps are left that these manufacturers let us have, it's not worth it anymore!

I'm getting power here in the states (Illinois) on average of 4.9 cents a KWH and it's still not worth it. As someone else posted, unless you have machines that are paid for, and a good amount of them, and can absorb the cost of the S4's into your running farm, that's the only way you have any shot at this price. These machines need to be at $999.00 each or less. I liked someone assessment of around $700.00. I mean, more money and research has gone into making TV's than could ever go into these miners and with the manufacturers subsidizing themselves with cloud mining as well as taking pre-orders and waiting a month to ship (which the whole time they are just using your machines to make the money mining with them and if you don't think they aren't then you're a fool! They get the absolute lowest cost per bitcoin as they are using todays difficulty on a machine that they not only SOLD to you at a PROFIT but are mining for FREE with it for a month and then sending it to you so you can use it to get what's left of the difficulty before the machine is no longer worth running or keeping anymore! Then you end up on their doorstep waiting like an idiot to buy the next thing (S4 which has been produced and running for over a month now and can easily be proven by looking at the huge increase in hashing out there in the last few weeks when Bitmain and more everyone else were not shipping much of anything to anyone!!!)) you would think that they could and would easily sell these new machines for far less than what they are. Every machine they sell as of this minute is probably close to 90% pure profit for them since they already made money on it mining with it and at a far lower difficulty than the new owners of the machine will ever get to enjoy. (Sorry for the redundancy but I hate companies that take advantage of people so blatantly)

)  

If you have to ask these questions, STAY AWAY FROM MINING!

[/quote]

I don't think you understood the question. I have a farm with 79 Terrahashs of Bitmain and Avalon equipment. I wanted to
know if anyone, off the top of their head, has done the calculations for the ROI on ONLY the S4 based on rumored price
and the crap performance of the coins value over the last month (and of course taking into consideration the difficulty swings).
There are too many conflicting stories out there from people that don't have a clue about much else than sitting at home with
their three S1's just "burn'n up" the pool they're in and thinking they have all the answers. (I haven't even met people with
more than I have with all the answers!)

quote author=Pt0x link=topic=784897.msg8943615#msg8943615 date=1411499483]

can you point me to the official twitter feed of bitmain?

thanks
[/quote]


Nothing on twitter about it anymore than on the forums here.

Thinking about it, does anyone have any idea on the ROI if the S4 comes out at $1500? Rumors have been circulating that
the ROI numbers would have you running well outside 6 months before a profit can be had and that's only if the difficulty rate
stays at an average of 20% a month which, I would now doubt, especially with Bitmain running up another 7PH/s in over 4300
S2 machines that came online. (I can't even imagine seeing 4300 machines in a room just sitting there let alone all hooked up
and hashing away!) China Power must have substations sitting on Bitmains roof!!! LOL

It's the 23rd of Sept, did I miss something about the price and delivery on the S4 that was supposed to be posted last week?

Is anything currently for sale at Bitmain that doesn't include cloud mining?


Thanks!

I'm showing that miners on Ghash.io are having the same problems. But Slushes so far are showing the worst out of anyone I checked with.

It may be the hubs where a lot of the traffic goes out or comes in to the USA. All it takes is one of those massive units to blow and
it can effect a lot of Internet activity. (Then again, maybe slush is pulling the plug out and saying....just kidding! Then plugging it back in!)

Good Idea! I just edited the posts. Now if the people that reply do the same then everyone is safe. 

Well at the least I hope the guys at Bitmaintech can get that site wiped off if it's not them. It shows it's coming back to Germany or something. Definitely not Go Daddy like Bitmaintech.com goes back to. I do find it strange that the site was down for maintenance at the same time bitmaintech.com 's site is today. Very strange.

I saw in a cached section of Google that the S3 was a scrypt miner? Anyone have any idea on this? It is cached at a URL that has an "s" on the end of bitmaintech(s).com so it might be someone playing games or is this another site that will be selling the Scrypt version of the miners? It looks like it's the real site since upon clicking it, it shows that the site is under maintenance right now and the bitmaintech.com is under maintenance right now as well.

I posted the URL below of the cached page.

"REMOVED DUE TO POTENTIAL BUYERS THAN DON'T READ IT'S A SCAM SITE"


Also, does anyone know if the S2's are being discontinued completely and that they are literally selling off the last batch of S2's that will ever be sold by them?

Thanks!

It's unfortunate but I saw this coming many many (did I mention many?) pages ago when he came on baiting people.
The guy did a fast job cleaning that wallet out! Never to be heard from again I'm sure (well under that name anyway)!

The only way for certain to make the bitcoin and the money is to mine it yourself. I just bought 20 units of Antminer s-1's (6 of these)and
avalon 230gh/s (14 of these) from Semtong in China.

I have a cube farm going right now with 10 of those and it doesn't make enough at 38gh/s on them. (Although they do overclock and without any problems
that one might think they would have). However the heat these little cubes make is killing me! 3 of them in this room feel like 3 furnace ducts that never turn off!
The room with the other 7 is equal to standing in hell with a snowmobile suit on!

 Back to the matter at hand... The next time someone comes out of the blue and offers to sell you a share in equipment that he is getting, or anyone that's
trying to sell you anything on a forum where you don't know the people, then sit on your hands and think about it. Then think some more. Then.... for the REAL stupid
ones out there (those that have been taken more than 1 time in the last 48 to 96 hours by some other crooks), well you need to immediately rip the cords out of the pc,
get in the car, drive to a park, but half way there throw your cell phone out the window of the moving vehicle, then get out of the car, walk into the forest-park area
and sit down. Now say to yourself out loud... "I will not fall for this again...I will not fall for this again..." and continue this for...oh...lets say the next 4 hours!

After 4 hours you should be over it. If your not, there's nothing much you can do since you threw your phone away and your computer was ripped out of the wall so you CAN'T fall for it again!

If in some manor you find a way to actually get back online to do it again, then I suggest you BUY HEAVY! Yep, Spend every dime you have! Since going about trying to save you money didn't quite work,and stopping you from getting back on the internet to fall for it again didn't work either! However by you spending every last dime you have WILL WORK since you have nothing else left to lose after that and your problem has been solved! (Although you will probably be looking for a place to live and you might have to pay the lawyers fees when your wife files for divorce!

I'm thinking of starting a help group of "Miners Anonymous"! People that can't quite help themselves from falling for the scams of others. The ones that fell for hashceasar84 can have the front seats! Those of you that spend money on equipment from companies that just listed themselves as a manufacturer can have the middle ones, and the people that buy 10 pc's, 25- fifty port usb hubs, and 500+ USB miners with the hopes of getting rich have earned the back seats since although they tried, they didn't try hard enough and do their homework before buying complete junk to lose money with.

Front row center will be the guy that replies asking where to send the bitcoin to reserve the front row center seat! lol.

So hopefully now those of you that got stung on this one can sit back and watch the next set of clowns walk up and do the same thing you just did since as they say...There's one born every minute and in Bitcoin you can TRIPLE THAT!


Some of you might be thinking...How does he know so much about scams and liars/fools!?!? (I know I would be if I were you, after all, why take the word of someone you just met that's NOT asking you for anything other that to use common sense when dealing in financial matter on or off the internet!?!?)

Well... I get lied to more than 100 times a day. I have more broken promises made to me each week than most of you will have in the next 2 years combined! I have heard it all. Get rich quick, create money from thin air (which is what bitcoin seems to be but you know what I mean lol), and a lot more. How do I get so unlucky to be lied to and attempted scammed every day of my life? It's easy!!! I'M A PAWNBROKER!

Yep! Just like Pawnstars and Les Gold in Michigan with Hard Core Pawn! However those shows are just that, shows. That kind of stuff DOES NOT happen in pawnshops!

What does happen is that we are lied to that the item in the box works fine! Or this is solid gold, just look at the stamp (as they are unraveling a chain that's the size of the one that docks the Titanic). I say to them...If I stamped your fork at dinner with 14K, does that mean it's gold?!?!? Oh sure...I'm coming back for it, it was my aunt Gertie's! In most cases, pawners are liars. It's a sad truth that every pawnbroker knows. If he doesn't, he should be coming to Miners Anonymous, I'll leave a seat open for ya!"

Thanks for reading all! ...AO

Hello all,

I'm new here and I'm starting a group buy of the latest 29th/s miners! They are a little bigger than a refrigerator (the chip is the size of a loaf of bread, this then goes inside
the refrigerator to keep it from going supernova when you apply the 440v lines to it) but the best thing is that I take jewelry instead of cash or BTC! Just gather up the
old ladies finest and send it to my P.O. Box conveniently located in Eye-Socket Wyoming (Next to the Burp'n Bread Inn). When Jed gets off working at the Roadkill Cafe and stops
at the box he will fetch my goodies (er...I mean your investment) and without haste deliver them to me. Once that occurs, and we have 15-1/2 people to invest, I am going to
run the lines across the back yard over to Jimbo's place and hook up to his air conditioner to get the power for these babies. Now don't worry, I understand there may be some
people that are doubters here but rest assured that ALL of this will be live and video taped for future miners to admire! When the power starts up, I'm expecting it to draw so
much juice from jimbos that his wifes vibrator will go dead (and it aint even hooked up to da wall outlets!) (Now that's some serious mining power and I dare anyone to say it aint!)

So, the ways I see it is... If you went and gave your hard earned money or BTC to some clown that will remain nameless (Er...Hashcesar84) that just comes on here with promises of return on your investment and that can't provide a simple picture of ANYTHING in relation to what you are buying, what you bought, or what you even THINK you bought, then you are the kind of chump...er....uh.....um....I mean Client that we need in this exciting endeavor! So kick on back, whip it out (your money that is) and sit back with the popcorn cause this is gonna be more fun than shaving my wifes back with a weed-whacker! (although not as entertaining when you get into the 4" areas and the twine gets all caught up in that jungle)!

So without any further adieu, I am proud to introduce myself as a new addition to this forum but I like to think of myself as a farmer, a hash farmer. (Granted that meant alot more fun back in the early 80's but I'll take what I get now from hash farming!). You can call me OX or AO since it would be quite strange to call me Anal!

I am waiting for Sunday to come to see what this guy does (or I should say what he doesn't do). No one bought 1/2M dollars in equipment from the place he is talking about since I know the place and do business with them and never had an order anywhere near that kind of money. They make person control products (turn-styles and things like that). He may have got a proforma from them but surely didn't spent any money like he is saying. However...Sunday will tell now wont it!?!?!!!