Topic: Bitmain Antminer X3 -- 220KH+ Cryponight - 550W - page 12. (Read 18895 times)

A win for GPUs!!

The new ProgPow algorithm is also another possible win.
https://github.com/ifdefelse/ProgPOW

Is this real? ASIC miners are good only because of their software?

https://www.reddit.com/r/BTC_Private/comments/8nzstv/bitmain_b3_miner_cracked_and_ported_for_nvidia/

http://uupool.cn/course/btm

I can't read chinese, but if it is true, maybe all ASIC miners are only good because of the software?

That's about true of every Asic out there, my L3+ made about $200 a day each when they first released batch 1

Now you can get one for under $500 that barely makes anything

Unbelievable. This Doorstopper dropped from 200usd per day (when you guys bought it) to 4usd per day today! Wow

I tried DERO but quit after a few hours. Doing bytecoin now.

Thanks

Updated list of X3 friendly coins:

Bytecoin (BCN)
DigitalNote (XDN)
Monero Classic (XMC)
Monero Original (XMO)
Sumokoin (SUMO)
Bitsum (BSM)

From what I've seen so far, mining transactions continues, but no telling whether the price will go up or down for the coin.

Huh. Wonder what happens then? I guess we'll find out before long...

Seems to be working as advertised, found 2 blocks and was paid for both. Fairhash wants a 1% fee for bytecoin.

Also noticed that bytecoin is about 500k away from its max supply.

Try it out and let us know how it compares to, say, Fairhash. I don't think it sounds scammy, I'm just skeptical about the numbers they post on their front page.

Then again, at like $6/day as long as you're earning near that it's 6 of one, half dozen of the other I suppose.

What's everyone mining now with the X3? I tried DERO but with their convoluted wallet system, things weren't being credited.

Went back to BCN since they share  5-10% of any blocks you find in ADDITION to your regular mining payments. bytecoin.uk

 I hear ya,  I don't use weed, but bought quite a bit of stock in 2 companies. Tesla is also on my future car list, liked it from day one. One other stock I bought @ 10, and 11 is STM (took out 1/3 of my gov. savings...100k to buy it) the world leader for system on a chip. I sold around 24, but think it will go to $50.
If my weed stocks will cooperate, I'm looking to buy back into STM. That chip is in the iphone among thousands of other things.

I always buy stock in what I personally use: Apple (macbook, mini, and iphone), Diageo (Lagavulin), Tesla (ok, I don't own a Tesla, but I want one!), Umpqua (I bank there), AMD/Nvidia (mining), weed stocks (duh)...

Agreed! Too many heavy hitters involved now, look at Bohner(sic). Dead set against MJ, now on the board of a big MJ consortium. Tide is changing for sure, risk reward classic and I took the risk.

Not for long; at least, not without some sort of fascist overthrow of state governments. Medical aside, there are currently too many recreational states for the fed to do anything about it. If they wanted to, they needed to do something before California stepped up. CA is too big to take down, population wise AND financially (recently became the world's fifth largest economy, I believe).

I bought some green stocks too, but the bigger issue is that it's early days for the industry. Phillip Morris and other biggies are starting to move into it, so it's going to get...interesting. All I wish is that I could invest in the company that makes the gummies I buy up here in PDX, because damn, they're too tasty. They should really include a bag of non-edibles with them, so you can eat a bunch after they kick in without going full on psycho...

And so as not to tangent too far off topic: I think that my Z9 may be my last ASIC for a while. Just for longevity's sake, I'm not a get rich quick guy, and these are great for summer, but by late fall I'll probably just want to upgrade to whatever the new GPUs are on the market to heat my house for winter, but I will say that I love the energy efficiency of the X3, B3, and Z9, I'd gotten very used to Antminers running up my power bill with their 800-1400W monsters.

EDIT--also I do buy low on occasion, mostly just through Coinbase when BTC drops below 6, LTC below 100, that sort of thing. Generally I just let the miners do their thing, though.

Same here, but I did indeed buy coin. Mostly XLM, XRP, and ETH before buying a miner. Now I have some low price coin that I mined rather than buy. It's all a gamble like the stock market. Bought into some MJ companies TRTC and CVSI.... the two top revenue US traded companies (also a gamble since MJ still illegal federally)

Not necessarily. I mean, probably, but the next gen of GPUs will probably be the hot market for a bit, then the next gen of ASICs, with FPGAs dotting the landscapes in between both. The main problem I see is that greed outweighs efficiency; so like how the Z9 is actually really great for equihash mining because it is so much more environmentally friendly, it only will be for like a month or two, when the market is flooded with ASICs and the difficulty brings the actual income (and, as such, demand for more gear) down to something comparable to current rigs; i.e., it's not long before the Z9 will earn the equivalent amount of 300-400W energy in gpus, or roughly 4 well tuned 1070s, do right now. Which mines a lot less. And the end result isn't  amore efficient system, since most of these coins still lack much practical use. It's almost like a shell game...

But if new products are going to hit the market, it's definitely better that they are more energy efficient for short bursts than just flooding it with inefficiency I suppose. This is all why I usually advise new people to invest instead of mine; it's not an exclusivity thing, it's a practical one.

Plus being honest, I'd probably be much further ahead financially if I'd just bought Bitcoin or Ethereum with the money I've spent on mining gear, I just happen to really like learning about this stuff.

  That is true.

And yet we'll keep buying ASICs and fund BITMAIN next gen ASIC which they would sell once they do some good amount of "testing".

The X3 is now roughly on par with a 4 card 1070 rig for income, the rig would be about 20% more energy efficient. That's what everyone had been saying for a while.

ASICs are great if you can get in early or if they are for a stable coin (the Litecoin and Bitcoin miners tend to be worth running for long, long periods of time, for example). The X3 will likely be a spaceheater that pays for some to most of the energy it uses by July. Z9 probably by August, depending on how many they ship. That's why batch 2 and beyond is never a good purchase unless it's for a coin you are collecting and holding.