Topic: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster - page 10. (Read 8140 times)

That's not strictly true - there are many variables that may allow a small-time miner to ROI. But it is a big gamble so I mostly agree with your overall assessment. Manufacturers are selling you a huge risk and pocketing risk-free money.

Just accept the fact that the network, as measured by profitability and your ROI, is ruined.

It's math, not magic. Within 30 days, the network difficulty is 244% higher. The Network Hashrate is roughly 400% higher.

You can extract those numbers using prediction models to estimate where you're ROI in an additional 30 days, 60 days etc... until it's fully saturated.



People are in love with the "idea" of mining. The problem is that you're playing an inherently unfair game. You're putting 100% of your trust in a Chinese company that's making these machines, running them to rake in massive profits (without any real competition) and then knowingly dumping them on the naive consumer once they've calculated their worth to be below the return they would have by operating them. The D9 miner is probably less than $800 to produce. They sell them at $6800, an 750% markup - because the customer "thinks" they will get their ROI.

You will never get your ROI on a mining machine unless you're in 1 of 2 buckets.

1- You own a manufacturing company who can house, operate and develop your own miners with minimal cost.
2- You have a secret relationship with "underground" miners who are running operations that the general public doesn't know about.

If you made machines that printed money... you'd keep them - unless the money was worthless (and you knew that) or inflation was so high (network difficulty / hashrate) that it would be less profitable to print it than it would to sell them.

I say this as someone who loves mining. I love the technology, the operation, and the principle behind Crypto. However, as a business man and investor who owns several mining rigs with a large investment, I would STRONGLY caution anyone from investing money into any form of mining equipment unless you're totally okay with never seeing that money again.

Thanks for the info, but these didn't work. I also tried these combinations [root][admin]\[innod9][dragonadmin][t1t2t3a5d9].

Try

root/innot1t2 or root/t1t2t3a5

These are for older miners but if Inno developers are as lazy as their support - it might work

I emailed Innosilicon "post purchase support" concerning this and got the following:

I agree, there needs to be the availability of ROI - especially when investing $7k into one miner.  The delay in shipping mine was infuriating - just like everyone else that was forced to wait longer than promised.

I'm one of the lucky ones that did NOT get a faulty hashboard, but the April firmware is still faulty with the constant autotune (which I am certain reduces performance) as before that activated I was making more than 1 decred a day, and every subsequent day has been less than 1 decred.  The firmware also is locked at the status page at 2.34TH - which it obviously is not producing (as nothing I connect to ever states that high - actually much less) so I'd like to know when you will fix that issue on the D9 Innosilicon???

That being said, I do like it, it hums away quite nicely - I just need 90 days of perfect mining with NO increase in difficulty and NO decrease in profitability to try to get some money back.

On another point, does anyone know the best/easiest route to trade decred back to an extractable $US?

I was looking at the Ticket process for decred to try to increase the value by the voting method, but your need about 92 decred to buy 1 ticket, lol - that's about 100 days at the current rate (Come on Inno - fix autotune!!!!!!)

Best regards
Paul.

Here is my ID related to my faulty D9: D9INNO2018041947
I want to tell you that I find this situation unacceptable. It's been 10 days since I received a defective product. This will probably prevent me from reaching the ROI. It took me about 2 days to send the defective product from Canada to China with DHL. And this, at my expense. You do not even have 10 minutes to devote myself to organize the return ??

Hello thank you for your feedback. Could you please provide your order ID to me? We can check the info and push the after-sales support to reply you asap. Is that ok for you?

I agree these companies need to wait 2 months before bombarding the network with more miners. They charged way too much for these miners that now look impossible to make ROI. If new miners would come out every 2 months then it wouldn't be a problem but with Inno and Halong both flooding the market every month it is going to kill any chance of making a profit.

Innosilicon sent me a defective D9. Several scratch on the box, the stickers of warranty were torn and a hashboard did not work. I contacted the technical support. We had agreed to send the defective hashboard and the replacement one at the same time in order to minimize the shipping time lost. It has now been 3 days since my hashboard is delivered to their factory. I have no news of the replacement hashboard. My D9 only works at 1.4Th / S since receipt, 9 days ago. I am very disappointed with this product. I think Innosilicon's after-sales service policy does not respect the customer.

Interesting read. As I mentioned earlier in this thread, one must assume manufacturers are also running these miners behind the scenes. David's blog kinda of confirms my suspension but make no mistake, Obelisk will be doing the same thing. Why the heck would any manufacturer sell their "money printing" machines if they can keep the profits all to themselves? It's another avenue to generate revenue to build more machines, for their self.

One of the things that caught my attention is David mentions at the time of his writing (5/13) is that Obelisk will be shipping their first miners in about 8 weeks, putting their launch closer to July instead of June as many expected if that's true. The biggest concern for all miners is the market being FLOODED resulting in longer ROI, if ever achieved. We should all be aware that mining calculators are current state and not a good gauge of profitability months or even weeks down the road. Many of us have learned the hard way, myself included.

The D9 is no exception. I've seen the profitability drop from $200/day when I ordered/waiting on batch 1 from Innosilicon to current state of $89/day, granted the market is down everywhere today but it's not the first time I noticed the $80 range. That's assuming all batch 2 orders are online now. Innosilicon is currently onto their 3rd batch so I would presume profitability will take another major hit down to around the $50/day or more when those machines are up and running. Lord help us all when the Obelisk miners get online. I think we'll see it drop to around $20 range around that time.

The only positive is the longer it takes for competition from Obelisk, hell even Innosilicon, to get online the quicker the chances are to ROI. I'm happy that I purchased the D9 batch 1 when I did but have to admit, I'm much more reluctant to purchase this current batch (which I intended to do) and any other batches in the future seeing how quickly Innosilicon releases additional batches diminishing profitability very quickly. It's very much a cat and mouse game and we're at the mercy of the manufacturer.

This major concern would be somewhat alleviated if releases were pushed a bit further apart allowing us to get closer to ROI before the next batch becomes available. I think, let's all hope Innosilicon truly is a different company than Bitmain with respect to caring about their customer base by NOT flooding the market. I've had a great overall buying experience and looking forward to repeating business but at this rate, there's too much risk.

**Inno, please hear this plea. PLEASE slow down on your releases so YOUR customers are not burned by purchasing your miners. Let us get a bit closer to ROI before releasing subsequent batches.**

Anyone know the SSH credentials for these machines?  I've searched both DragonMint and Innosilicon support with no luck. 

Thanks

Yes it was actually. I don't want to give too much information, but I mined for a week, and then sold the miner for more than what I paid.

Was it profitable to flip?

I decided to flip my D9 on eBay. After reading, "The State of Cryptocurrency Mining" by David Vorick, and seeing my other miners have yet to ROI, and probably won't, I'm finding this game to be ridiculous.

I am also interested in a D9 firmware update. More control over fan settings and information on voltage and frequency is also helpful for environmental tuning since the auto-tune feature does not work.

Inno, Is there a firmware update for the D9/B29? The miner's interface consistently reads 2.35 TH/s but is lower on the pools (i.e. 1.9 TH/s). It is greatly appreciated if you could post a link to the latest firmware available.

Please let us know if you're aware of the discrepancy and if there are plans to fix this. Thank you in advance!

hello all

Last S11 firmware solved my hashrate problems (+8% for me)
Also there are now overclocking settings in the setup menu.

Nice job Innosilicon, very happy with these ASICs

Is there anything for D9/B29? I tried searching but couldn't find anything!

I just updated my four.  They fixed the continuous autotune bug.  Have not spotted any other differences yet.  My pool-side hashrate has been fine, so I can't say if it will help those complaining about that.