Topic: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster - page 3. (Read 8140 times)

I agree, I have updated some days ago and I noticed that on the pool, the hashrate is still around 3.8 per unit

Poolside showing 3.5 TH but miner dashboard showing a constant flat line 4.2 TH, and the miner is on Autotune mode indefinitely. Has the firmware been tested prior to release?

Dear S11 customers, through unremitting efforts, we release S11 new firmware. It can help your S11 run with around 4.3T.
http://www.innosilicon.com.cn/download/S11_20180626_074237.swu

I have not noticed any appreciable change in hashrate.  The only difference I have seen so far is that the auto-adjusting fan speed is now higher.  Before my fans were running at like 45%, now they're running at 75%.  So, I guess you could say slightly higher power usage in return for keeping the chips a couple degrees cooler which theoretically might help with long-term reliability.   BTW, I run mine in performance mode, so your results may differ if you run yours in one of the other modes available.

Here's the root user hash for anyone who can crack it.  This should allow us to SSH into our own devices.

$6$LDl3NtVWLpmGp1$52ivJuFI39PLeUerTxouNpwZn/WsJNlxhvQyUwPjJdxnoo2f93D1d904xFefd91qVWWjrC2jnj7Xz5oMaWAep1

What are the improvements? Higher hash or lower power consumption?

Heads up S11 owners - new firmware available today on Innosilicon's support site

It's all good.

I was just giving you my perspective along with others. Believe it or not, most of us have played out different scenarios and it still in a loss. The point is that the market is already saturated and only getting worse, thinking you're going to recoup your initial investment based off whattomine profitability calculations with today's numbers as a future forecast is highly inaccurate for this or any other miner. i.e. First batch of D9 showed an ROI of 1.5 months making $150/day, most thought it would take probably 3 months. After recouping not even half, the remaining balance shows it's going to now take another 245 days to break even but that's isn't accurate since the more miners come online the further rewards diminish pushing your ROI out even further, if ever.

Of course, everything has variables. The safer bet is to invest in coins during this dip and sell in the green. Like the old adage says, live and learn. Load up on as many D9 miners as your heart desires, I wouldn't advise it but that's ultimately your choice.

"You should sell it wayyy before it becomes a door stopper, duh" It's me trying to be funny/sarcastic, seems it was perceived the wrong way. Well I ask the question as a curiosity I suppose, and to gain new insight. Just thought it is refreshing to suggest a possible solution/scenario rather than just stating the obvious/problem and no real solution whatsoever. "Your logic consists of alot of variables" Of course there are variables and risks involved, in any investments/decisions, as in all things in life right?

You know, at this price, ***everyone*** should buy one;)

I bought 1st batch Halong B29 at 11k flat price (included power supply, shipping and import tax) and 1st batch Inno D9 at $8800 (No power supply included so add $160 and I had to pay $370 importation tax). I haven't sold any coins because I believe DCR is well undervalued and as of today I have mined only 117 DCR. If I instead put that money into DCR I would have around 340 DCR and also have 3-4 POS tickets so yes everyone that bought a decred miner got screwed big time. I know that mining or buying coins is a gamble but Halong said to the community that they were the only company with the samsung miners and they were releasing batches about 1-1.5 months apart. Turns out that they sold their tech to Innosilicon which didn't want to do things the right way and flooded the market screwing everyone.

"You should sell it wayyy before it becomes a door stopper, duh" <--- This guy, smdh! Yeah... we're all just idiots trying to help you. You asked a question and seem to not like the answer. We are telling you the market is already saturated with DCR miners, more being added every day and other companies will be adding to it very soon. Your logic consists of alot of variables that sound good in theory however doesn't add up in reality but hey it's your money, do what you want and you'll find out soon enough on your own but don't say you weren't warned. Your head is in the clouds - good luck with that.

I've heard this plenty of times, and yet people don't seem realise you can get burned either way. Chances are, maybe even harder with buying coins. Just a month ago decred hits $118 and now it is around $73, so around a 40% drop. Some coins dropped even hard like nano a whopping 80% from just a month ago. At least with asics you get a product which produces value and has resale value (anticipate the marketplace, you should sell it wayyy before it becomes a door stopper, duh). Point is, we're mouse either way and we got to play smart and constantly adapt. I'm thinking of buying second batches when prices drop just like now with the D9 and the market is not yet fully saturated with them miners. Then mine the sh*t out of it, hodl the coins mined hope it will appreciate in value and all whilst monitoring second hand prices. When the time is right (not when it becomes a door stopper, so let's say around $1000-$1500), sell it, and move on to another miner.

It's good to buy coins, and mine, to diversify and hedge against market crashes.

how much did you pay your Halong ?

This is so true. I wish I would have just spent my initial investment on DCR instead of these crap miners. DCR was around $60 each then and I would have made a lot more money then lose it by buying these ASICS. When the first miners from Halong came out it was about 6 weeks to brake even but that never even came close because within 2 weeks Inno came out and flooded the market and now I'm only about half way through my ROI but to get the other half it will take 1 year according to What to mine and that is only if the network doesn't change at all which it won't. As soon as Decred pumps Inno will just release more miners further dropping any profits for anyone.

And just to drive that point home even further, the S11 when I received in April were earning something like $50 a day in profit.  Today they're making about $8 in profit.  So, what originally would have been about 4-month ROI has now disintegrated into a harsh reality that I will likely never break even.  I knew full well going in that mining revenue would decline over time, but the market was instantly flooded with too much hardware and total hashrate tripled in about 6 weeks.  The fact the S11 now sells for less than half what I paid 8 weeks ago just shows you how much profit they're making on selling these units.

Add to that the overall decline in cryptocurrencies in general, and things are grim.  Only thing I can do now is mine while I still exceed electricity costs, and HODL hoping the value of the coin will rebound down the road so I can recoup my initial investment.  The only bright side is that profitability for the competing Bitmain A3 ASIC has gone negative so many of them are getting shut down by their owners and the total hashrate has started dropping the last few days.

You won't. Making X amount a day to break even in a couple of months isn't an accurate measure to recoup your investment. If you're looking at whattomine or whatever, what you are seeing is a snapshot of rewards at the current point in time. *Assuming no other miners come online and the difficulty stays the same - that's not gonna happen so if that's what anyone is assuming, they'll be sadly mistaken.  

When manufactures flood the market such as Inno and continue to sell an infinite supply ASICS, the hashrate goes way up and rewards diminish rather quickly. When profits diminish, they adjust the price of the ASICs so people think they're getting a good deal with a discounted price. But guess what happens when all those "discounted" ASICs come online, that $24 a day will quickly be reduced to $15, $10, $5, $2.

It's all a cat/mouse game and you're the measly mouse they're the Lion. They don't give a fuck about customers making their money back, evident with how quickly new batches are made available for purchase. Read the thread from the beginning when people where happy and jolly to now EVERYONE is pissed. There's a reason why Inno no longer responds or contributes to this thread. They fucked us and they know it.

You're better off buying actual coins than mining.

They sold them $7000 each just recently. Decred hashrate has tripled since. Guess what happens when all those $2300 units hit the network. They will keep selling them at $500 then.

They're selling at $4600 for two units, so $2300 a pop. Earning is around $24 a day, so break even in a couple of months. Why is everyone saying they won't make their money back?

Rubbish units with high rates of failure. Bought a defective one, sent it for repair, returned faulty AGAIN. Yet Innosilicon refused to bear the shipping cost for their shit servicing. They are having a buy 1 get 1 free yet they can't repair/replace a unit? Think twice before you buy from the most toxic company ever guys(apart from the lousy ROI).