Topic: Bitmain just announced the AntMiner A3 - 815GH/s Siacoin miner - Blake(2b) (Read 12764 times)

The difficulty will be such that at the point the $520 batch is done shipping, daily will be back down under $10. A rise in the coin value does help though.

(also if you held your earlier coins, you actually made a lot more than $6/day )

I feel opposite; I bought two A3's for $980 each and expected a total loss on them, and sure enough they dropped to making $6/day before electrical, and now they are up to $15+ per day I am floored.  If Sia keeps rising, who knows.  The Halong units are actually more expensive per hash than the A3, Bitmain's next A3 batch is only $520 each which is much cheaper than the Halong per hash.

https://bitcointalksearch.org/topic/new-dragonmint-b52-miner-from-halong-3338797

Halong and Innosilicon have been flooding the market with 3.83 TH SC miners for a while. Those units are priced extremely high hence there are not many reviews available 

Could also be Halong mining - there is a 3.83TH Sia miner called the B52 on their website.  Haven't seen any reviews on it yet, but you know how these ASIC companies mine before they sell so they are probably running many already.

While feeling sorry for myself for having bought an A3, I started poking around at siamining.com looking at the stats on their "top miners" page and came across the #1 miner:
https://siamining.com/addresses/0104ceeee0c1335e6770b9e620baa87615e1780ea1a5e6bca2df2651c92313f9c3aa56865535

This address has 415 workers, each of which is running at 3Th/s to 4Th/s producing overall around 840Th/s, generating 533,993.75 SC in the last 24 hours, which at the current (0632 PDT 4/27/18)  value of approximately $30 per 1K SC is 553 X 30 = $15,900 per day!

How is this possible? An A3 produces 840 Gh/s, so it seems like it would take 1,000 A3s to produce 840Th/s. Could this be Bitmain running their own (unavailable) miners that they have built to a 2 to 4 Th/s spec? Who else could do this?

Of course, even Bitmain has to pay for electricity, but I would tend to think they would locate their miners close to one of the massive hydroelectricity dams in China or have a monster solar farm to the west of Beijing in the Gobi desert or something equally wild.

So you think " data acquisition " from decentralized storage is "slow"? Idiot. I wonder who needs "learning". I suppose you also think that AI requires small amounts of data storage? That companies that develop AI, will house their own massive data centers to host the "small" amounts of data they will use?? HAHAHA! Fail

Bitmain is destroying the Bitcoin and make the Bitcoin more and more centralized.
The Asic miner is a double-edged sword.
I really worry the feature of the Bitcoin.
Should we modify the POW??

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Personally, I don't think Bitmain cares about Sia one way or the other.  They saw that a new ASIC company was entering the market, and wanted to crush them before they could even ship a single miner.  While Obelisk is only currently developing Sia and Decred miners, if they were successful they could have made other miner that competed with Bitmain.  I would not be surprised if Bitmain came out with a Decred miner a month or so before Obelisk starts to ship theirs.  Obelisk has money now from all their preorders, but I can't see them staying in business if all of their miners are worthless before they ship.  People aren't going to get shafted twice.
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I am expecting a Bitmain Decred miner announcement any day now.... the DC3?  $2,000/each w/10 day delivery.  They would actually be remiss if they did not stomp out this Decred miner competition as well. Eventually, most every coin of any value will have their own ASIC miner developed. Its just too easy for Bitmain to develop the miner @ under $500/pc and absolutely crush all current GPUs mining the coin.  It's like taking candy from a baby.

The Sia dev team are currently the only ones working with it as far as I know.  However, like many other coins, it is an open source project that anyone can develop for.  Still though, the dev team basically controls the future of the coin since it doesn't serve much of a purpose without the interface that they are building.  Unless Bitmain wants to do all the development work themselves, I don't see how they could benefit from it.  They could attack the network in retaliation if there was a fork, but if there was a fork I think most people invested in Sia would move on with the forked coin.  It would be like Ethereum vs Ethereum Classic.  Bitmain could control the "Sia Classic" in this situation, but I doubt it would be worth much compared to the forked coin.

Personally, I don't think Bitmain cares about Sia one way or the other.  They saw that a new ASIC company was entering the market, and wanted to crush them before they could even ship a single miner.  While Obelisk is only currently developing Sia and Decred miners, if they were successful they could have made other miner that competed with Bitmain.  I would not be surprised if Bitmain came out with a Decred miner a month or so before Obelisk starts to ship theirs.  Obelisk has money now from all their preorders, but I can't see them staying in business if all of their miners are worthless before they ship.  People aren't going to get shafted twice.

You should learn more about deep learning before making such ridiculous claims.  AI requires data to be delivered quickly, not over a decentralized online storage system.

So I totally agree - but wondering how they can capture Sia for themselves? Like, isn’t sia a company and not necessarily a coin? This is where I get confused...Litecoin and Bitcoin are not companies but Sia has a company behind it, so how would that all work? I’m obviously very new to this so sorry...

They chose Sia because the Dev team is a joke. They also knew they could crush the inside game of the "obelisk miners" and eventually capture this Protocol for themselves. Bitmain is well into AI and will need a Data Storage protocol. I believe Bitmain is actually praying that the Sia crew is stupid enough to fork this thing. Then Bitmain will crush them and keep their Sia for themselves. Bitmain is a very intelligent Company. Sia....not.

I think mainly because it is an algo that an ASIC exists for. There is speculation it was to undercut Obelisk, but I don't think that's the whole thing. I think they saw growth potential, and it being an unlimited coin, POS potential, and the ability to mine it with ASIC was there. I think they released when they did to beat Obelisk to market, though (which is also why I think the machines are so buggy)...

My question is: why did Bitmain pick Sia vs all the other coins? Do they have some inside information about its future success? All I see about Sia is the price plummeting and management representation on Reddit boards looking like a bunch of college kids who don't know what they're doing operationally.

I'm wondering if  Bitmain chose Sia because it was creating one of the only other mining platforms. They are effectively ruining the Obelisk's profit potential and knocking them out of the business.

By this it means that SIA coin will get very popular by the miners because the new generation of Antminers is making the buyers very rich in a very short period of time.

The estimated profit in dollars is very large but I think that the hashrate difficulty will increase too much which makes the other miners get a very low profit, In another article I've read that within a year or so another miner will be built which could generate larger amount of SIAs, maybe faster than the AntMiner A3. What could be the price of SIA in the upcoming months?

I have some Bitmain coupons for sale if anyone is interested. I have

13- $200 USD coupons
12- $125 USD coupons
26- $100 USD coupons
2  - $50   USD coupons

The $200 and $100 coupons are good until June, the $50 and the $125 are good until July!

30% off of the value. We can do them 1 at a time if it makes you feel safe. PM me for details. Cheers!

A3 in stock on http://www.asicdistribution.co if anyone wants.

Due to their government rule, it maybe banned to mine in China. If they have to move it all to other country and got custom taxed to mine with the "same miner", its better to sell it all and put new generation miner for the new farm with better performance and make it "undervalue" since custom cant find price for it.

In theory? Yes, but it's not likely unless the machine is like right near the intake source/window. In practice? If you're concerned, make sure the intake duct isn't perfectly straight and maybe add a vent cap (they're cheap) and/or an inline filter.

Thank you, FNT!
I will check