Topic: Bitmain E3 Ethash Miner ASIC (Shipping:16-31 July. $800 USD) - page 24. (Read 16395 times)

Maybe they are just playing the supply and demand game. Also as others have stated it is going in and out of stock recently.

Thats wat I thought as well. I dont know where u get the 85% number but I am aware that ETH is the main. The difficulty of other GPU algo will climb through the roof once the other GPUs switch there.

To add. New GPUs will be cheap and wont even sell much. Gamers will be able to buy cheap GPU in the secondary markets.

I gave u merit for good info on the numbers.

With current difficulty, this Bitmain Garbage can only mine for a round $4 a day. Imagine all the batches are come a live and then difficulty sky rocketed way higher.
Both this ASIC miner and GPU have to say good bye to ETH.
Btw, are you sure that this is the best Bitmain can do? I somehow have intuition that they have more powerful hashing board to mine ETH under their wrap still. Way more powerful that this garbage.

Debating getting one ...but then again my fuzzy math (a bit over) 50% to IRS anyway and 25% equip deduction in real cash applied to this years taxes (which I will have more

then enough for)

the risk is $225 above electric per unit....and they make what $4 a day maybe...sheesh..this is depressing..

so again my risk with my 'usual' set aside for the tax man... of 50% to the IRS and the state tax man (again a bit high with a 'cush') ..and that 25% equipment deduction

tempting price for a 'doorstop'...at again my tax angles and equip depreciation and of course the fact I'm mining more than a 2 dozen asic's (of many flavors)

as to newbies WITHOUT any large mining (my boat) or etc....my risk is like (with shipping/fees/etc) about 3 out of 4 it WILL work...your risk with REAL from the Job Income

and NO mining income to offset and IF you make enough for the 25% off taxes paid...is around 3 out of 4 of NOT working out...


also, this will only work for me at a certain level of mining income (which this year I've passed already...and of course crypto dumps and/for my capital gains etc)...

IF mining goes bye bye...my angles go away too...(back to hobby mining and heating the basement next winter)

thus I"M NOT SURE if it is worth getting for me!!...so only spend what you can afford....and keep that in mind when you read my posts on equipment

you reach a certain level of equipment and 'being stupid' has fewer consequences...then when I had 2 ASIC's in the basement...

anyway, still on the fence...likely they will be sold out by the time I get over pondering this...

stalling as a strategy can also be considered a 'wise' long-term strategy....but damn, hedging on what the heck prices for crypto are going to be ...is daunting...lately



brad

Or they are taking a page out of apple's playbook and selling out artificially to create demand...

https://gyazo.com/9a8465b6b6cf34ad47f0a44e9f8d5243

I can also confirm the E3 is still up for purchase as of 4:18PM EST. Seems like the E3 has been going in and out of stock recently for whatever reason. They likely don't have many left and cancelling is going on like you said, or Bitmain are increasing available stock for E3 on their website.

Instant Buy button was ACTIVE a few minutes ago when I checked.

It does NOT appear to be sold out - but it's possible I checked right after someone canceled or "failed to pay in time" on an order.

ROFL !!!  Bitmain's economy model in a nutshell.

Re-read what you just wrote.  Especially the part where you said,"Time to make a few gaming rigs out of them and then sell". Really pay attention to this. Study the words. Maybe you will find a reason why NOT to buy this crap!!

Now that's the same power required by my 80 Mh/s miner but more than a double of this hash rate. Seems like a game over for my GPU miners.

Time to make a few gaming rigs out of them and then sell, then maybe buy off these ASICs.

Now compare the cost and space of your rig with this. This thing no matter how weak it is will hurt gpu mining a lot.

It is very low cost and is very scalable. So expect big mining farms using this which increase the difficulty of ETH and then those GPU farms will switch to different algo. It will increase difficulty on all coins.

god you are an imbecile, amd cards cost a third of the price of nvidia cards when most of these farms were build, for each 1070 or 1080ti there are 3 or more rx470 or 570 cards purchased for the same price.  Two 470s easily do the work of 1 1070at any algo, 3 the work of a 1080ti.

these cards are undervolted to the max and on top of that power is not a concern for large farms since they pay .02 cents per watt or less.

This so called Nvidia advantage is false when it comes to scaled up opperation. 

the fact thst you think a 5 vs a 5000 gpu farm faces the same issues shows how clueless you are

carry on tho 😂

As the dude in the Big Lebowski says, “That’s just like, your opinion, man”   ETH did not save GPU mining.  It helped popularize it, there is no proof all of these other coins wouldn't have came around if Ethereum never existed.  As for these mining farms, what kind of cards do they have?  I'm guessing the people who parrot about these "farms" are clueless to the size, scope, and equipment.  It doesn't matter how large your operation is, the fact is that if you have 5 or 5000 GTX 10XX cards, ETH has not been the most profitable coin to mine for a long time.  And if these huge mining farms have AMD cards, what the hell else are they going to switch their hashrate to?   There are a million different coins to mine.

It is all a gamble on any asic equip now...last I looked a E3 did what 3.75 per day?

(could be wrong..trying to remember)

an L3+ (scrypt-pow) does 3.00 a day or some such

thus why NEW products like the E3 are being dumped (yesterday limit of 1) at $855

and today (limit of 5) at 800 (ship middle of JULY 2018)

so pick your poison...

price is droping on all alts and btc and to make it worse we have a GLUT of many ASICs of many flavors (blake2b, scrypt-pow, sha-256, x11, Eth, monero stuff) etc etc

tough times to be a newbie (w/o equip deductions on use of mining previous) ...yech.....being a newbie today would suck big time for that reason alone on looking at risk

on this stuff

anyway, IMHO...we may be looking at 'sideways' in price at best or a dump to 4k or a pump to 9k ....place your bets!

disappointing product in terms of hash/watts. my 6 GTX 1070 is doing much better hash at lower watts. on the other side, it is a good news, it means GPU mining will not be killed by this products.

if it's using GPU under the hood I don't know how a fork can or even should solve that problem

If this is not an ASIC then how will changing algos do any good ?

It seems like these new E3 can be upgraded once ETH will fork and still mine it. I heard this from "insiders"..

Ya, hope they give you 50% additional discount for future purchase.

Wasted money and all this will teach you a lesson ehhe when your eth asics brick hehe