Topic: Bitmain E3 Ethash Miner ASIC (Shipping:16-31 July. $800 USD) - page 20. (Read 16408 times)

It is now $1,800 now on Bitmain....the creator of Ethereum said he is not in favor of a FORK for ASIC's ..thus Bitmain (being evil and all) saw this as a way

to 'gouge' more $$$ out of folk....IF you got it today, it is about what $4 a day? (something like that a few days ago)

A MAYBE buy as a 'toy' at $800 buck ..ie gamble ..now not so much...also I don't think they allow coupons on these units (or did not on batch 1)

Bitmain: "evil is as evil does...adds to the clarity of purpose..don't ya know) (tm: Bitmain)

There are $350 and $420 coupons. Still I'd rather use those on a T9+ or an S9.

Only 1 coupon per unit...so I think $200 is the largest bitmain coupon out there now. FYI...so if that is still correct it is still a $1,600 buck machine (or 2x the previous price)

Yes, coupons are allowed now. So if someone has $420 coupons it's $1400 effective price. Still I'd rather get an S9 or a T9 with that coupon.

It is now $1,800 now on Bitmain....the creator of Ethereum said he is not in favor of a FORK for ASIC's ..thus Bitmain (being evil and all) saw this as a way

to 'gouge' more $$$ out of folk....IF you got it today, it is about what $4 a day? (something like that a few days ago)

A MAYBE buy as a 'toy' at $800 buck ..ie gamble ..now not so much...also I don't think they allow coupons on these units (or did not on batch 1)

Bitmain: "evil is as evil does...adds to the clarity of purpose..don't ya know) (tm: Bitmain)

Bitmain's E3 Ethash Miner ASIC at 800 USD is a good buy.I think it was rated to run at 180mhs minimum performance.It sold out quickly.this will certainly affect the price/demand for GPU cards if they produce more of these.

There is pretty much ZERO probability of the E3 achieving payback of $1800 before ETH goes full Proof of Stake if the current timeline holds - it might have a faint prayer if ETH price DOUBLES fairly soon, but only due to it taking time for folks to "ramp up the hashrate" to match the price jump.
It was marginal iffy at the original batch price of $800 with VERY LOW electric cost.

There is also the outstanding question of "is it going to be reliable".

IMO anyone that pays $1800 for an E3 is going to LOSE money on the deal unless they have free electric AND they get a unit that runs for 2+ years without issues - and that is assuming that the other ethash coins don't fork and that coin prices stop SLIDING downward and even THEN it's still iffy if they'll ever earn their money back.

This is the reason 1800$:
https://www.reddit.com/r/EtherMining/comments/8aa64j/eth_core_devs_have_decided_not_to_emergency_hard/

Warren Buffett once said that as an investor it is wise to be “Fearful when others are greedy and greedy when others are fearful.”

This is the reason 1800$:
https://www.reddit.com/r/EtherMining/comments/8aa64j/eth_core_devs_have_decided_not_to_emergency_hard/

No sense in buying an asset that is trending lower and has a ways to go before bottom. One of the dumbest thing one can do with their money. Tie it up in a falling asset. These coins have a long way to go down before they are attractive again. There are "NO USE" cases for them.

this...

The announcement of Bitmain's cryptonite miner seems to have been driven by Baikal shipping THEIR cryptonite miner.
The XMR fork wasn't announced or planned 'till the Bitmain miner was announced - your timeframe is WAY off there.

Also, it's not just Monero that is forking - ETN has also announced they will be forking (probably piggybacking on the Monero fork code and algorithm) soon, and I think I've seen commentary from some of the "small fry" cryptonite coin devs that they might be forking as well.


Hint - Bitmain doesn't sell their miners for pennies, they sell them then turn the money around to make MORE miners to sell - and make quite a bit MORE that way than via mining which takes MONTHS or YEARS to pay a machine off.

There have been times when Bitmain ended up selling a miner for more than it ever made back, though USUALLY if a miner is profitable long enough it will EVENTUALLY make more than you paid for it (IF you have very cheap electric) - but in that timeframe Bitmain has turned that investment around at least twice and more likely 3-4 TIMES via new batches of that miner model and made a LOT more than they would have made from mining on the first batch for the same amount of cash invested -and ZERO risk of losing money as well.


I don't like Bitmain, and they've made mistakes at times, but I don't call their business model STUPID for a reason.

The announcement of Bitmain's cryptonite miner seems to have been driven by Baikal shipping THEIR cryptonite miner.
The XMR fork wasn't announced or planned 'till the Bitmain miner was announced - your timeframe is WAY off there.

Also, it's not just Monero that is forking - ETN has also announced they will be forking (probably piggybacking on the Monero fork code and algorithm) soon, and I think I've seen commentary from some of the "small fry" cryptonite coin devs that they might be forking as well.