Topic: Bitmain Launches the New Antminer B3 Miner - page 2. (Read 16339 times)

Sure, buying more gear is an option. So is building a custom FPGA farm. Or going back in time a few years and mining bitcoin, since we weren't talking about that either...

somewhere in the thread I and others mentioned this. These units are the A.I. units for artificial intellegence...been aroud a year or so....so they built a coin around

the units when they became and/or saturated the A.I. market. Bitmain: rinse, wash, repeat.

And of course it did not work, but damn they moved a lot of old A.I units out of production for new A.I. units from the $$$ to be put into newer research labs...of course

they expected it to work well enough that they could rinse/wash/repeat that as well

so yeah, it was a 'trap' indeed...consumers left holding the bag...I new this to be true ..in that THE NEXT DAY they had these B3 miners to sell ie...no pre-orders...

sorry for your loss, we have all been there.

myself, I doubt I will buy any 1 algo miner from anyone again, FPGA maybe or something where firmware can be adjusted...I think pow-scrypt may actually die

from bitmain's stunts....as a 'former' big miner (30 plus units in a data hall of various mnfg's) I'm out...to hobby mode..IMHO this is not the time to buy equipment

if you do want equipment i'd hoard coin and wait for a 'hopeful' 25% pump of the current price..then consider it. At this price of 8k sideways price it makes no sense

and at 6k it makes no sense ....this added to the only option is bitmain etc...best maybe to wait till 2019 and look for new options and/or save crypto on the pump.

w/o a pump ...no reason to get new equipment even if it made sense.....sideways price is always sketchy to dump eventually again IMHO

again sorry for your loss

Then its better to mine it with GPU, because its much more efficient than a B3.

Bitmain Antminer B3 was built to offload non-seller called SOPHON BM1680.

They developed those chips 1,5+ years ago and nobody wanted them. B3 (Sophon chips) are not developed to mine Bytom.

With some weird coding tricks Bitmain successfully managed to make those chips mining Bytom. Then they put all BM1680 into some aluminium boxes and called it "Tensority Asic". Haahaa! I thought ASIC's are chips, special produced to do computing operations at max efficiency.

If all GPU's (maybe CPU also?) are much more efficient than BM1680, why should I use Antminer B3?

@Bitmain: Stop telling us lies about hacked/stolen code! YOU can develope chips/ASIC! Some non professional coders managed to beat your B3 using GPU!! GPU is not a specialized chip to mine Bytom. Thats the best proof, your BM1680 is not built to mine Bytom.

Bitmain, you scammed me!

You sold a super hightec special developed ASIC to me,which is NOT! You sold me old and almost useless chips, packed into a box and telling me "look whats that? Our new ASIC Miner!".

Yes. If you spend that money on buying the coins, it makes more sense. That is, again, not what the premise was nor what I was replying to. And yes, of course on the selling the miner, but the whole premise of the conversation is that the coin will bounce back. As for the mooning comment, not necessarily, but that's a whole other conversation.

My point was if you truly believe it will be profitable again based on the coin's value, then unplugging your miner doesn't make sense. If you prefer to buy it, then ok, but what I am saying is you are mining at the rate and value of the coin at the point you sell it, not at the point you mine it. In which case mining at a loss does indeed make sense (edit: or rather, can).

Also if your difference is $.10/day, if you're buying the amount you would have mined it's only profitable if you buy a chunk of time's worth at a time, the fees will make the difference there. And if you use the heat for anything (like I do), then you're not really paying to mine as much as mining for heat, which you would otherwise have to pay for anyway.

So my point is if you really believe it will be profitable in the future it mathematically does not make sense to turn off your machine unless you are planning to use the electricity money to buy that coin at that time (in some way where the fee costs work out to be profitable). Continuing to mine a coin that you are sure will increase in value is otherwise always going to be far more profitable than shutting your miner off.

In theory what you want is for the whole crypto market to go up, but for other coins that can be mined with GPUs to go up more.  If GPU miners can make more with other coins, they will switch.

Damn, you are a smart man! RESPECT! I feel so dumb after reading this

And no I don't say it with Irony. Thank you sir!

If it costs me $0.50 to mine one Bytom that currently trades at $0.40 it would be quite stupid to continue mining. I could just take the $0.50 and buy 1.25 Bytom instead.

Whether to sell the miner or not - that's a different scenario. If you really think that it will be very profitable to mine with it at some point in the future then perhaps it makes sense to switch it off and keep it for a while. However seeing that GPUs are much more efficient it's very unlikely that you would ever be able to mine more Bytom than you could buy right now with the proceeds of selling the miner. If Bytom moons, difficulty will moon too.

In any case, mining at a loss doesn't make sense. Don't do that kids.

Ok, two things here:

!) what money? The electricity? Because if you sell the miner you have a limited amount of funds to buy coins, and no ability to mine them later. If you keep the miner to mine the coin later, then turning it off now makes no sense unless you aren't sure it will be profitable later.

2) I don't think you understand. If you mine 1 coin at a loss right now, and later that coin triples, if you held it you actually mined it at a profit, not a loss (plus your actual earnings, in the altcoin, will be higher now, since the difficulty will increase/rewards will decrease). It's only mined at a loss if you sell it before it gains value. So if you TRULY BELIEVE that a coin will eventually grow in value, turning off a miner makes little sense.

This is the reason why we are all so out of pocket, GPU miners are so greedy they complain about ASICs all time begging to Algo changes but more then happy to make thousands of people out of pocket without batting an eyelid. Ive lost all respect to Bitmain and GPU miners

If the miner is losing money then it makes sense to unplug it and use the money to buy coins instead. By mining at a loss and holding you're essentially buying coins above market price.

Sure, but that's not what he/she suggested. The original post said unplug and wait until it has "its moment". Which mathematically makes no sense if you are sure that moment is coming (unless, again, you are selling daily).

Unplugging your machine and selling it to buy Bytom makes perfect sense.

Also as a note--if you 100% believe this (that Bytom will be 10x in 2 months), unplugging your machine right now makes 0 sense (unless you are instantly converting to another coin or cash).

It wont be because GPUs will go and do it more efficiently, meaning the B3 wont be useful regardless.
The B3 will only be profitable if the GPU are alot more profitable.

Happy to have multiple 1050ti's...

https://twitter.com/search?src=typd&q=antminer%20b3

https://github.com/NebuTech/BTMiner_NebuTech/releases

GTX 1080 Ti doing 1408 H/s and power limited to 160 watts with this release and the performance is only going to get better.

The theoretical peak performance for a stock GTX 1080 Ti at 250 watts is approximately 5 kH/s using DP4A instructions for 256x256 matrix multiply.

BTM is going to be ten times higher in 2 months and this (and all other bitmain machines) will be profitable again.
Now - unplug your B3s if you care about this shitty amount of electricity and wait for its moment.

Yeah but lol they did it so poorly and sold us at such a crap price...

To be fair, it WAS a gamble from the get go. Unless they knew the coin would tank (which, keep in mind, ALL crypto is pretty low at the moment) and/or they knew that GPUs were capable of more and would eventually outpace the miner, they didn't actually do anything wrong.

Gambling on a new machine designed for one specific (and NEW) coin is, well, a gamble. You don't get pissed at the casino when you roll craps, unless they loaded the dice.

I filed a complain ticket and they basically said no decision made if any compensation will be given for selling u this brick.
They are trying to sweep it under the carpet...