Topic: Baikal Giant N - Cryptonight, Cryptonight-lite FPGA/ASIC miner - page 9. (Read 32785 times)

many expensive lesson will be teached now

Most of hte people bought the various Cryptonight ASICs based on the potential profit that they found online during the past weeks. Which was quite high profit. But they forgot to consider that a FLOD of Antminers X3, Halon x1/x2 and Baikal N/N+ would have been delivered almost at the same time.
At the same time = NOW.

There is no need to explain what happen when there are just 2/3 poor small coins to mine and HUGE hashing power ready to destroy them.

It's like if 15.000 SUPER HUNGRY people have TWO or THREE available fruit trees to feed themself. Can you imagine?

Got my new heater (Giant N). Lousy heater cause no heat comes from it, but anyways, connected it to Nicehash and 100% of shares are discarded. Just great!
Tried both Cryptonight and Cryptonight Lite. Same results, 0% accepted shares. Nicehash registers the worker but 0 hashing rate.

Does this mean that even Nicehash has closed down their ASIC Cryptonight-mining?

Is there any pool nowadays which Accepts ASIC Cryptonight mining? Or did the Monero-fan club and developers succeed in beating the big guys being Bitmain, Halong and Baikal?

Thanks for inputs!
Joskor

Yikes - there's not much left to mine that hasn't been forked, and of those coins that are still using the original CN algo - like ETN - profitability sucks; you can make 7x more per day mining Monero than Electroneum, for example.

just received...

N is sold out now. We have N+, and its power is two times that of N.
If you only want N, I can coordinate with other departments and apply for it.
Giant-N+: (buy 1 units ship 5 units ).
  -Price: 3600usd each (shipping charge not included)

Thx again mate really thankfull for the words you putting out and the time! giant b then ? i have heard lbry will fork but dont know if its tru

Does someone know  how to mine AEON coin with Baikal N?  Nicehash does not support it.  

No, it is ASIC, not FPGA (see the photos in this thread).
Yes, it uses modified opensource miner as for the software, but the chip is ASIC and it's not possible to modify it.

they offer buy one and get 5 but they dont answer emails. we cannot buy any miner now.

if baikal n is FPGA is it possible the baikal or other developers can change the software to mine like baikal B ? or some other algorithms ?
i read some where that BAIKAL N is a opensource

Dunno if the L3+ is a safe bet, either - the recent drop in price may very well presage the release of a more powerful ASIC miner that renders the existing generation all but obsolete. Again, I don't think any ASIC miner is a good deal because of the manufacturer's themselves.

And the $1900US for "1 + 4 free" Giant-N only applies if you buy them direct from Baikal, and I seem to recall reading that you actually have to buy 2 (ie - spend $3800US) to get that deal. But that requirement may not have existed or has already been relaxed; dunno, I don't follow the pricing shenanigans of these jokers too closely since I am, for a 3rd time, not interested in adding to their already fat-n-happy bottom line.

thx for the well writen post . okay then the l3+ sound much more safe to buy or the giant B whats you opinion on dose miners i will have like 2800 dollars to spend on miners so witch would you go for . btw its 1900 for the giant n and you get 4 for free xD

Hoping for $2 a day after the "supposedly soon" etn hardfork is wishful thinking.. maybe even $1 would be lucky.. its quite possible these will be making $0 a day after electric after (if) etn forks, and once the bitmain X3 (and the other cryptonight miners like pin idea i think has one and  dragonmint) ship

This is a classic error, thinking that there is some natural floor in the earnings you will make per day, or that what you can earn now will persist indefinitely when neither is the case.

Consider what would happen if even 2-3 coins stay on the original CryptoNight algo - every ASIC miner is going to mine the shit out of them and what do ASIC miners tend to do with their coins? They sell most, if not all, of them as fast as they can in a desperate race to pay off their "investment" ASAP. The inevitable consequences of this groupthink action are:

1. difficulty shoots through the proverbial roof, so earnings per day suck even with the massive hashrate advantage of an ASIC over a GPU; much fewer coins than expected are mined.

2. the price of the coin in USD or BTC plummets because everyone is dumping their mined earnings on the (usually tiny/shitty) exchanges as fast as they can.

For example, when network hashrate on ITNS spikes to 35 MH/s, as it has done several times over the past couple of days, 20kH/s brings in about 800 coins per day with a current value of $3.60US (56 Sats). Ignoring the cost of energy - because only 60W, right? - that will take 530 days to pay off if you bought the Giant-N for $1900US (or "only" 127 days at the current listed price on asicminermarket of $550US).

Earnings look a lot better for Karbo at this moment - around $18US per day - but that's because its total network hashrate is only 7MH/s; I don't follow this coin, but I suspect if a relatively unknown coin like ITNS has seen sustained spikes to 35MH/s then a much better known coin like KRB will see even more dramatic pumps in network hashrate.

I should note that despite my usual arguments against ASICs I am not anti-ASIC, per se; rather, I am anti-foreign-ASIC-manufacturer because all of them so far have engaged in predatory/deceptive behavior like mining with their ASICs for several months, selling them as "new", refusing to honor any sort of warranty for the 1/3rd of them that arrive DOA or break within a few days of use, and are all but untouchable in a court of law for these bad behaviors.

That. most probably soon it will have absolutely zero profit. Just wait for the X3 to be shipped out and the few available cryptonight coins will be DESTROIED and profit will be literally ZERO.

thats my point it goes on so low watt that even if you make like 1 dollar a day its still 2 dollars a day if you look at the cube you make nothing near 2 dollars a day and they go for more money then the giant n so yes ofc every one is mad they put a lt of money on it but right now at this moment it mst be some what worfit ? or is it going to be total unuseble and aint able to mine any coin you cant sell or shift to other coins

This miner it's not inefficient noisy heater. Even if it will earns only 2usd / day it will still be profitable, because the electricity consumption is nothing at 60W 

Do not buy, it'll only be an expensive inefficient noisy heater. 

yes, if you want to buy mining doorstopper. 

so if etn is forking to cnv7 how much do the people think the bk-n will give per day and month with the resisting coins on the coins that still uses cn


and thx for the help i really appreciate it big up to you people that are putting your time in to explaine it to the people!!!