CAUTION!!! Unless you are HODLing coins for future profit which may or may not happen or enjoy a really expensive hobby with quickly diminishing rewards. I'd advise proceeding with caution if you're considering investing in these miners.
I bought a D9 on the first wave from Innosilicon and was a strong supporter. Unfortunately, Inno flooded the market - driving rewards to down so quickly, even with the 1 one get 1 free promotion achieving ROI or turning a profit is so far down the road. And it's only going to get worse with the superior iBelink miner available now at similar pricing and Obelisk DCR miner becoming available soon.
Stats on 4/30:
Difficulty: 303,586,666
Nethash: 4.44 Ph/s
Daily Rewards: 1.77 DCR
Stats as of today:
Difficulty: 1,546,491,224
Nethash: 25.95 Ph/s
Daily Rewards: 0.35 DCR
Thank you, Inno!
Yes Innosilicon is a POS! They charge very high prices then flood the market so that no one will make their money back. I bought 1 from Halong and 1 from Innosilicon and Halong was doing it the right way by selling 1 batch every 1.5 months apart but they sold their tech to several manufacturers that just want to screw everyone. I will never support these companies again and I will just stick with Bitmain. At least they don't drive the ROI up to 2 years, put outrageous prices on miners and they have better support/warranty.
So disappointed with Innosilicon’s release strategy because they royally screwed their customers by flooding the market. Even the first batch customers will have a difficult time reaching ROI before seeing any profits. So sad for paying so much for a “premium” miner that quickly went to shit.
People who think Inno’s buy 1 get 1 free is a good deal is sadly mistaken or will find out soon enough with rewards diminishing so much. The ONLY saving grace right now is if DCR price skyrockets or spikes high enough to sell, buy low, accumulate more, rinse and repeat.
At least Halong had it right with their release schedule and waiting. Hopefully, you’ve made your money back for the B29. Halong seems to be in shambles now, what’s going on with them now? Weird. Maybe they were a shell company. Idk.
You have better experience with Bitmain than me. They flood the market as well. I will be lucky if I ever ROI on price I paid for my S9’s and L3+s. Unfortunately, it seems all Mining Manufactures really only care about profits from overselling machines and profits they made secretly mining before selling their soon to be obsolete machines to sucker customers for even more profits. Customers can paperchase in hopes and dispair, they don’t care. But hey suckers here’s some coupons, buy more machines. No thanks!
Mining doesnt seem profitable anymore.