Bitmain Antminer A3 earning $500 a day mining SIAcoin . .WHAT?! Results & Stats - page 5.

bitcoinexplorer

sr. member

Activity: 420

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Quote from: nsummy on March 09, 2018, 12:28:47 PM

Quote from: philipma1957 on March 08, 2018, 05:05:46 PM

so 700 of these will be = to the network.

What is going to happen to all other gpu algos?

are we to see asics for every coin's algo?

At the risk of sounding like Bill Gates saying that 640k memory is all you will ever need (fake quote by the way), I think asics have kind of hit their breaking point with new algos. The other top algos that don't have asics are supposedly asic-resistant, I'm talking about Equihash, Neoscrypt, Lyrav2 and Daggerhashimoto. I just can't think of any coin with a large market cap that an asic would be designed for at this point.

They are asic resistant as long as manufacturers are not getting into them, a harsh truth!

nsummy

full member

Activity: 1179

Merit: 131

Quote from: philipma1957 on March 08, 2018, 05:05:46 PM

so 700 of these will be = to the network.

What is going to happen to all other gpu algos?

are we to see asics for every coin's algo?

At the risk of sounding like Bill Gates saying that 640k memory is all you will ever need (fake quote by the way), I think asics have kind of hit their breaking point with new algos. The other top algos that don't have asics are supposedly asic-resistant, I'm talking about Equihash, Neoscrypt, Lyrav2 and Daggerhashimoto. I just can't think of any coin with a large market cap that an asic would be designed for at this point.

dlezama

member

Activity: 140

Merit: 17

Quote from: Tekno2020 on March 08, 2018, 11:38:49 AM

Quote from: SingMine on March 08, 2018, 10:15:01 AM

Anyone that owns an A3 or other Sia miner needs the price of this coin to move. It’s barely above 1 cent at the moment. What are people’s predictions on this?

Bitmain just sold batch2 A3s at very low price of $980. Halong selling B52 batch1 at $5,549. Obelisk supposed to release batch 1 of SC1 miner this summer. That is a lot of mining power focused on a small SIA network with no other coin to mine besides SIA. There is definitely an oversupply of ASICs on the SIA network for where the dev team is with the project.
Regarding the price of SC siacoin,,,,,,, it looks like many ASIC miners took the approach of mine and hodl for a better price, so there is increasing overhang (hodlers waiting to sell) to overcome for the price to break through 4-5 cents again.

Come back in a couple of years. Either Siacoin will be a micro penny....$0.00035 or at $0.10+ depending on execution of the dev team, btc price, etc..

Besides, SC doesn't have a cap to stop inflation, devs say they will implement a "burn" mechanism, but who knows. Something as simple as the portal for Obelisk customers to see their orders is months late.

Tekno2020

member

Activity: 262

Merit: 11

<<<-----( )----->>>

Quote from: dnssandbox on March 09, 2018, 12:06:42 AM

Are these Halong miners?

https://siamining.com/addresses/25865daf640696361b432bd517b812270d8459af48f13876108354ee7e028e0e15c13ab5030c

Heaven help us Sia miners....

we are almost at .01 and the big sharks have joined the pool.

Looks like they may be having some issues with them though or just initial testing.

Looks like Halong B52 testing. Only kamikazes flying (buying) B52s with all the other hardware being deployed on the network. A3 SC reward gonna be smashed down to 200-300sc per day by end of April. If SiaCoin price stays in $0.008-$0.018 range, then that is estimated $5-$6/day. Poor bastards that pre-ordered Obelisk SC didnt even have a chance.

Wild west man.... Wild west.

dnssandbox

jr. member

Activity: 57

Merit: 5

Are these Halong miners?

https://siamining.com/addresses/25865daf640696361b432bd517b812270d8459af48f13876108354ee7e028e0e15c13ab5030c

Heaven help us Sia miners....

we are almost at .01 and the big sharks have joined the pool.

Looks like they may be having some issues with them though or just initial testing.

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: philipma1957 on March 08, 2018, 05:05:46 PM

So this algo is dead due to huge mining power.

and what is going to happen with

https://halongmining.com/shop/dragonmint-b29-blake256-miner/

blake/decred the miner above is 2.1th the network is 1420th

so 700 of these will be = to the network.

What is going to happen to all other gpu algos?

are we to see asics for every coin's algo?

Just like every human have to die, every coin have to meet ASIC

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

So this algo is dead due to huge mining power.

and what is going to happen with

https://halongmining.com/shop/dragonmint-b29-blake256-miner/

blake/decred the miner above is 2.1th the network is 1420th

so 700 of these will be = to the network.

What is going to happen to all other gpu algos?

are we to see asics for every coin's algo?

Dlikrot

full member

Activity: 230

Merit: 101

Took me a year to mine with gpu’s what people mine in days with asic

Feel like vomiting. Hodl SIA? Nahhh!!

dimpsk

newbie

Activity: 112

Merit: 0

Quote from: Tekno2020 on March 08, 2018, 02:06:20 PM

Quote from: dimpsk on March 08, 2018, 01:00:30 PM

Quote from: Tekno2020 on March 08, 2018, 11:38:49 AM

Quote from: SingMine on March 08, 2018, 10:15:01 AM

Anyone that owns an A3 or other Sia miner needs the price of this coin to move. It’s barely above 1 cent at the moment. What are people’s predictions on this?

Bitmain just sold batch2 A3s at very low price of $980. Halong selling B52 batch1 at $5,549. Obelisk supposed to release batch 1 of SC1 miner this summer. That is a lot of mining power focused on a small SIA network with no other coin to mine besides SIA. There is definitely an oversupply of ASICs on the SIA network for where the dev team is with the project.
Regarding the price of SC siacoin,,,,,,, it looks like many ASIC miners took the approach of mine and hodl for a better price, so there is increasing overhang (hodlers waiting to sell) to overcome for the price to break through 4-5 cents again.

Come back in a couple of years. Either Siacoin will be a micro penny....$0.00035 or at $0.10+ depending on execution of the dev team, btc price, etc..

I afraid siacoin totally ruined by it founders. Better to forget it.
Buying asic for siacoin mining is a madness.

Ya, the dev team are 1st class amateurs.... they should have focused on building out the software/GUI/network and encouraging adoption instead of trying to create a ASIC miner. I guess they got greedy with calculations on how much they could make self-mining.

Yep, couldnot agree more.
What a pitty, sia project was very promissing at the beginning.

Tekno2020

member

Activity: 262

Merit: 11

<<<-----( )----->>>

Quote from: dimpsk on March 08, 2018, 01:00:30 PM

Quote from: Tekno2020 on March 08, 2018, 11:38:49 AM

Quote from: SingMine on March 08, 2018, 10:15:01 AM

Anyone that owns an A3 or other Sia miner needs the price of this coin to move. It’s barely above 1 cent at the moment. What are people’s predictions on this?

Bitmain just sold batch2 A3s at very low price of $980. Halong selling B52 batch1 at $5,549. Obelisk supposed to release batch 1 of SC1 miner this summer. That is a lot of mining power focused on a small SIA network with no other coin to mine besides SIA. There is definitely an oversupply of ASICs on the SIA network for where the dev team is with the project.
Regarding the price of SC siacoin,,,,,,, it looks like many ASIC miners took the approach of mine and hodl for a better price, so there is increasing overhang (hodlers waiting to sell) to overcome for the price to break through 4-5 cents again.

Come back in a couple of years. Either Siacoin will be a micro penny....$0.00035 or at $0.10+ depending on execution of the dev team, btc price, etc..

I afraid siacoin totally ruined by it founders. Better to forget it.
Buying asic for siacoin mining is a madness.

Ya, the dev team are 1st class amateurs.... they should have focused on building out the software/GUI/network and encouraging adoption instead of trying to create a ASIC miner. I guess they got greedy with calculations on how much they could make self-mining.

dimpsk

newbie

Activity: 112

Merit: 0

Quote from: Tekno2020 on March 08, 2018, 11:38:49 AM

Quote from: SingMine on March 08, 2018, 10:15:01 AM

Anyone that owns an A3 or other Sia miner needs the price of this coin to move. It’s barely above 1 cent at the moment. What are people’s predictions on this?

Bitmain just sold batch2 A3s at very low price of $980. Halong selling B52 batch1 at $5,549. Obelisk supposed to release batch 1 of SC1 miner this summer. That is a lot of mining power focused on a small SIA network with no other coin to mine besides SIA. There is definitely an oversupply of ASICs on the SIA network for where the dev team is with the project.
Regarding the price of SC siacoin,,,,,,, it looks like many ASIC miners took the approach of mine and hodl for a better price, so there is increasing overhang (hodlers waiting to sell) to overcome for the price to break through 4-5 cents again.

Come back in a couple of years. Either Siacoin will be a micro penny....$0.00035 or at $0.10+ depending on execution of the dev team, btc price, etc..

I afraid siacoin totally ruined by it founders. Better to forget it.
Buying asic for siacoin mining is a madness.

Tekno2020

member

Activity: 262

Merit: 11

<<<-----( )----->>>

Quote from: SingMine on March 08, 2018, 10:15:01 AM

Anyone that owns an A3 or other Sia miner needs the price of this coin to move. It’s barely above 1 cent at the moment. What are people’s predictions on this?

Bitmain just sold batch2 A3s at very low price of $980. Halong selling B52 batch1 at $5,549. Obelisk supposed to release batch 1 of SC1 miner this summer. That is a lot of mining power focused on a small SIA network with no other coin to mine besides SIA. There is definitely an oversupply of ASICs on the SIA network for where the dev team is with the project.
Regarding the price of SC siacoin,,,,,,, it looks like many ASIC miners took the approach of mine and hodl for a better price, so there is increasing overhang (hodlers waiting to sell) to overcome for the price to break through 4-5 cents again.

Come back in a couple of years. Either Siacoin will be a micro penny....$0.00035 or at $0.10+ depending on execution of the dev team, btc price, etc..

SingMine

newbie

Activity: 16

Merit: 0

Anyone that owns an A3 or other Sia miner needs the price of this coin to move. It’s barely above 1 cent at the moment. What are people’s predictions on this?

bitcoinexplorer

sr. member

Activity: 420

Merit: 255

Quote from: Elixirbaby on March 08, 2018, 08:27:29 AM

Quote from: VoskCoin on March 07, 2018, 06:56:03 PM

Can't help but think it is 4 a3's with just one shown lol

https://halongmining.com/shop/dragonmint-b52-blake2b-miner/

Crazy hash rate for one miner if true.

What about Obelisk SC miners and those poor souls who purchased them?

Elixirbaby

newbie

Activity: 7

Merit: 0

Quote from: VoskCoin on March 07, 2018, 06:56:03 PM

Can't help but think it is 4 a3's with just one shown lol

https://halongmining.com/shop/dragonmint-b52-blake2b-miner/

Crazy hash rate for one miner if true.

VoskCoin

sr. member

Activity: 1414

Merit: 487

YouTube.com/VoskCoin

Can't help but think it is 4 a3's with just one shown lol

https://halongmining.com/shop/dragonmint-b52-blake2b-miner/

VoskCoin

sr. member

Activity: 1414

Merit: 487

YouTube.com/VoskCoin

Quote from: clabits on March 05, 2018, 12:50:00 PM

Thanks for sharing

gladly, here to help Cheesy

Batch 2 A3's getting close and with Bitmains recent behavior they may even ship early. . :O

clabits

newbie

Activity: 5

Merit: 0

Thanks for sharing

klwolf2000

newbie

Activity: 88

Merit: 0

Quote from: dnssandbox on March 05, 2018, 09:57:00 AM

Look at This.... impressive!
I thought I was doing well.

Could this be Bitmain or just a Farm?
I would think Bitmain would be on Antpool, no? but i wouldn't put it past them to put some of their machines on other pools.
I also noticed that some of the machines have started going offline.

https://siamining.com/addresses/3129af8708ad287e11efe38fbec00df8ff475edb038b2a44c149c70aa474ea5bb025df81b8ae

I also wondered the same thing. I know Bitmain created their own pool but it would make sense to keep the bulk of your hashing power on sia's pool to keep them from forking the coin considering this single miner has more hashing power then a couple of the pools.

MickDaster

full member

Activity: 167

Merit: 100

Quote from: baga105 on March 05, 2018, 09:49:46 AM

Quote from: MickDaster on March 05, 2018, 09:41:09 AM

Quote from: jabchest on March 03, 2018, 02:33:47 PM

Mining now with an A3 sucks balls, 1500-1600 SC per day, $30 bucks basically. Hard to justify the price, hard to even reach break even.

One would need to really believe Siacoin will appreciate A LOT.

why would be 30$ a day bad? its really good income if you ask me

Wait for next batch.. It will be 12-15$ per day, just like with GPUs

its still good eventually they will become obsolete like any other machinery

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