AntMiner S4 2TH s Bitcoin Miner - video dailymotion

A minimum of 1470 Bitcoins has to be dumped on the market just to cover electricity cost

Unpleasant Truth...
3975 BTC are mined every day 24x60/9.06x25=3974 (24 hours x 60 minutes / ~9.06 average time between blocks x 25 BTC block reward)
Assuming that the mining farms in China are using the most efficient ASIC miner available on the market, that is to say the Antminer S4, it would cost about 37%* of their mined Bitcoins just to cover the electricity cost at a rate of $0.08/kWh which is the average electricity price in China and India.
So everyday, a minimum of 37% of the newly created coins has to be dumped on the market. Which is 1470.75 BTC or 423,576 USD.
In an ideal world where everyone uses the most efficient ASIC miner, lives in China or India, and holds all their mined coins (and only dump as much as they need to cover the electricity), a minimum of $423,576 worth of Bitcoins has to be bought everyday on the market to maintain a stable price (no price drops). Which in fact is more likely to be double $423,576 as miners also want to make a profit (by dumping more of their BTC for $). Also, miners are located all around the world (higher electricity rates) and not everyone uses the most efficient Bitcoin miners (Bitcoin miners have to cover for the hardware cost too!).
* S4 specs are 2TH/s for 1.38kW/h at a rate of $0.08/kWh, BTC price at $288, difficulty at 40,640,955,016.58 and block reward of 25BTC: (1.38*0.08*24)/(86400/(40640955016.58*2^32/(2*10^12))*25*288) ~ 37%
submitted by Thireus to Bitcoin [link] [comments]

Antminer S4s for sale

I'm selling my Antminer S4 bitcoin miners.
I have two for sale. I'm asking the R2000 each (or the equivalent in bitcoin) for them. The price is negotiable.
I'm based in Alberton. You will have to collect them.
I've been running the miners since November 2014. They running stably at 10% overclocked (2.2Th/s) since I got them. They are running the lastest firmware provided at Bitman. Everything is already setup, just plug the miners into your router and give them power.
I'm moving to an apartment and can't take them with me.
Warning: Bitcoin miners are extremely noisy and produce a lot of heat.
submitted by earthlingmikey to BitcoinSouthAfrica [link] [comments]

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Antminer S4. Very stable hashing unint. Comes with power supply and ready to start mining at the right at the moment you received. This is definitely the easiest miner out there to have for bitcoin mining. Product information Technical Details. Collapse all. Other Technical Details Brand Antminer Hardware Platform Linux Operating System CGMiner updated to latest NiceHash Firmware with xnonce ... 【Tutorial & Setting up】Bitcoin Miner Antminer S4 2TH Btc Miner for Bitcoin mining 2000GH Super ASIC Miner Best Bitcoin Miner Better Than Dragon Miner October 10, 2014 {UPDATE} This blog had moved to our official site: WWW.EASTSHORE.XYZ; Check our official site for the newest bitcoin miner, the most updated tutorial and amazing support! :-) {Import Note} Please DON'T overclock the Antminer ... The AntMiner S4 is the fourth generation Bitcoin mining rig by Bitmain. It uses the state of the art BM1382 chip powered by the 28nm tech process with ultra-low power consumption. This item has been gently used and is working perfectly. The Antminer S4 is ready to be used, plug and mine! Antminer S4 is the first powerful 2TH hashing bitcoin miner. In this tutorial, we will introduce the setting-up for Antminer S4(2TH @ 1400w) bitcoin miner. Bitmain Antminer S4 – 2Th/s – Sha-256 ASIC Miner – Hashes fine! 0 0 By b3rz bitmain May 24, 2019. Bitmain Antminer S4 - 2Th/s - Sha-256 ASIC Miner - Hashes fine! $69.00 (0 Bids) End Date: May-31 12:13. Buy It Now for only: US $99.00. Bid now Buy it now Add to watch list: BUY NOW ! 13 September. 19:46. Bitmain Antminer D3 19.3G with APW3++ PSU ASIC Dash Miner. Share this: Twitter ...

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Setting up the S4 antminer for bitcoin

Thanks for watching, This video is to help outline some of the important setup needed to ensure that you get 2TH out of your S4. Sorry about the fan noise, so much quieter in person. Hey everyone, Enjoy the sneek peek into my basement. I wanted to show everyone how the Antminer S4 sounds in a normal house and not a datacenter. -~-~~-~~~-~... This item is available for just a few days on eBay. It has been tested and does work. BITMAIN ANTMINER S4 ASIC SHA-256 Bitcoin Miner 2000 GH/S https://www.eb... Brief video of Rabasco and myself setting up our big coin data mining machine. Unboxing & Setup Power Supply & BitMain AntMiner S5 - BitCoin - Duration: 7:45. Titan Group 133,691 views. 7:45. Cannabis Grow Lighting Myths and FAQs with Dr. Bruce Bugbee - Duration: 44:12.