October 22nd, 2014 - Power supply woes and new AntMiner products coming soon October 22 2014

As many of you are aware, Bitmain has alerted the community that many of their AntMiner S4s from batch 2 contain power supplies that are prone to failure. Fortunately, they've offered to replace the power supplies for free. I've already reached out to Bitmain and provided shipping addresses for each of our customers who were affected. The replacement power supplies should be on their way directly to our customers right now.

Bitmain has also announced 2 new products. The first is the AntMiner C1, which is a 1TH/s water-cooled bitcoin miner that is in the same form factor as the AntMiner S3+. We have purchased 10 from the first batch (due to ship to us on October 25th) and will gauge interest based on how quickly they sell. My only gripe is that they don't come with the needed water-cooling components and one must purchase them separately. The second is the AntMiner U3, which is a USB-based miner that requires a power brick or a 12v rail from an ATX power supply. It hashes at 63Gh/s and is great for beginners (due to ship on Nov 5th). We plan to have both products available on the site within the next week.