Topic: Bitmain Antminer X3 -- 220KH+ Cryponight - 550W - page 10. (Read 18895 times)

I bolded the key phrase that invalidates your entire argument. The manufacturer of the "secret ASIC miner" is also the one most likely to be running them. In fact, selling a fraction of the ASICs you make to the public and keeping the majority for yourself is a great way to maintain control over a coin's network, bring in lots of money from mining, and pay for their development.

This can also be done by selling, say, a 10kSols/s ASIC to the public when you already have a 50kSols/s version working. You know, like seems to be the case with Bitmain's Equihash ASICs? Or sell a 20kH/s CN miner for a few weeks then roll out a 240kH/s version (like Baikal did).

Even if you don't care about principles and ethics, buying an ASIC when the manufacturers do what they have done over and over again is just shooting yourself in the foot. The fact that BTC and, eventually, LTC were taken over by ASICs without much negative consequence probably has more to do with them being the first ones; in other words, the ASIC manufacturers learned some new tricks and tactics since then.

Well said, is that silence I hear from the GPU crew? Maybe their trolling.

Look how zen cash and bitcoin gold got overtaken by a 51 percent attack.   It's b/c they were mining on the equihash algo, which currently is being shared with gpu miners and asic miners.  Thats a problem b/c Z9 Mini are not available yet to the masses thus the 51 percent attack can easily be performed with an Asic.

Guess why litecoin,Dash, bitcoin, bitcoin cash hasn't had a 51 percent attack.  B/c they are all on asics for quite awhile now and future 51 percent attacks will be  much harder and expensive to do successfully.

If the coin decides to stick with GPU algo its only a matter of time before another 51 percent attack is performed by a secret asic miner that cracked the asic resistance.  Best to get it over with and stay an asic coin for better network security over gpu.

gpu mining is a novelty thought,  adapt or die.

with ASICs chances of a Network attack is higher.  Only decentralization can help reducing it.  What limits someone/somegroup to buy/rent lots of hashrate regardless of it being ASICs or GPU.

I'd love to use ASICs instead of GPUs; the problem I have isn't with the hardware, it's with how the manufacturers conduct business.

Exactly!! But yet they troll over to this asic forum, speaks volumes of their motives. Frustration at its best! LOL @ them, legend's in their own mind.

Gpu algos are also having constant issues with 51 attacks. Asics solves this issue bc nothing competes with asics. Gpu were never intended to be mining cards and if you GPU fanatics love mining so much you should switch over to fpga or asics since they are purposely built for it.

Otherwise it's like saying "hey I love racing and Toyota Corolla is the best car bc it can also do 40 mpg and go a little fast"

didn't I tell you .  Pretty much no one else who owns an X3 seems to be posting a profitability results and ROI here.

It is becasue Monero is not CN anymore, it is CN7 now, which can not be mined by X3.

Hi, I like to know why in the daily income is difference so much? Asicminervalue showing $5.77, but Cryptocompare showing $282.00


https://www.asicminervalue.com/miners/bitmain/antminer-x3-220kh


https://www.cryptocompare.com/mining/calculator/xmr?HashingPower=220&HashingUnit=KH%2Fs&PowerConsumption=465&CostPerkWh=&MiningPoolFee=1

You can mine Sumo coin, more returns and just make sure you dump the coins right away. Think the team is confused and dying soon. IMOO

OTFLMAO, doing fine here, at least I'm not compelled to troll a forum about a device I don't use to list all the shortcomings as if no one knows already.

Says volumes about the troll.

I see numerous gpu rigs, they're on ebay as well. Some asking 6K.....good luck with that. LOL
Not a ton of $$$ being made with GPU either. Never was big money, unlike X3's.

Keep trolling, you'll catch on.......eventually. Meanwhile I mine using FREE ELECTRICITY! "let the sunshine".  OTFL

Most of those launches represent changes to existing tech and available parts, and/or different upfront costs. That is the pattern all tech takes, not just ASICs.

And...
People never learn with asic

Ex bitcoin asic.
Launch 1 Ths and then launch again 2 Ths, again launch 5 Ths and never stop to sell asic and got money from you

Let's learn about difficulty

Not attacking him by saying that, all is good, but I've made several attempts to explain the pluses and minuses of rigs and how they work and he only seems to comprehend the minuses, so I just stopped trying on that specific point. Not a big deal.

Sadly, I think you are right, but sometimes the reply/explanation is not just for the person you are responding to, but for the others who might read the thread.

Let it go. He'll never understand how gpu rigs work, he thinks they all make $2.

Don't then, I see your still math challenged. Last week I still mined @ 29 a day. Now it's 6.50 OH WELL!! Thats life, meanwhile you make $2.00 while my electric meter runs backwards.  Not my fault you and rumplestillskin are sucking hind tit. Banked a lot of ETN too.

You're comparing apples and oranges again, but even still it is not correct that the X3 out-earns a comparable costing GPU rig in all cases. I have a 4x RX 560 rig that does only bring in $2-$3/day depending on what I am mining (Ethash or CN-variants), but the GPUs also only cost $640 and it has been earning this amount - net of electricity, mind you - for several months now. Similarly, I have a 6x GTX 1060 rig that has been earning $7-$11/day mining ZEN (Equihash), so /more/ than your X3, and its GPUs cost $1560...

In fact, both rigs have already paid for themselves while the GPUs are still selling used on ebay for not much less than what I paid for them; in contrast, a cursory glance of the ebay listings for the X3 shows one with a BIN price of $850, and after DERO forks next week even that will appear to be a princely sum for a not-terribly-attractive doorstopper.

Finally, you are basically stuck with mining BCN now, which is pretty much the original shitcoin: it's been around for 6 years and the all time high price was less than 2 cents!

Earlier in this thread you said - more than once, actually - that you have, "all the time in the world," to ROI on your X3; that is looking more and more like a prophetic statement with each passing day. But you keep yelling, "WRONG!" if it makes you feel better; I won't judge.

i like that