the group chat in the developers section has become quite angry. These miners are bricks
Yup. At this point I'm more pissed that I paid to ship mine for repairs, should have just junked it.
Topic: Bitmain Launches the New Antminer B3 Miner - page 3. (Read 16339 times)
Yup. At this point I'm more pissed that I paid to ship mine for repairs, should have just junked it.
the group chat in the developers section has become quite angry. These miners are bricks
The B3 became unprofitable, -0.15 $/Day. One more door stopper or noisy heater from Shitman!
https://whattomine.com/coins/242-btm-tensority?utf8=%E2%9C%93&hr=1000&p=380.0&fee=3&cost=0.12&hcost=0.0&commit=Calculate
https://whattomine.com/coins/242-btm-tensority?utf8=%E2%9C%93&hr=1000&p=380.0&fee=3&cost=0.12&hcost=0.0&commit=Calculate
It looks like this product went into the grey zone, like they did not give it too much thought and no proper testing was done with relevant algos.
The Antminer B3 situation appears different from other ASICs which have declining ROIs. I recall the B3 was advertised to be an ASIC for mining Tensority (BYTOM), and the algo was to be mined with Bitmain B3 hardware and firmware with options of benefiting from AI mining/processing opportunities.
However, it would seem that the ‘ASIC’ chips in the B3 are not efficient on the Tensority algo, and Tensority can be mined on non-B3 machines.
The Antminer S9, L3 etc are very efficient on the algo they were designed to mine and that is why buyers purchase these ASICS. Buyers can assess declining returns depending on units shipped and the efficiency of the miner.
The B3 is not even efficient at mining Tensority. It is not fit for purpose. It appears to be a box stuffed with non-specific ASIC chips to clear inventory, and not a true ASIC.
Therefore, proper disclosures were not made to purchasers of the B3 and a reasonable calculation of risk could not be made.
However, it would seem that the ‘ASIC’ chips in the B3 are not efficient on the Tensority algo, and Tensority can be mined on non-B3 machines.
The Antminer S9, L3 etc are very efficient on the algo they were designed to mine and that is why buyers purchase these ASICS. Buyers can assess declining returns depending on units shipped and the efficiency of the miner.
The B3 is not even efficient at mining Tensority. It is not fit for purpose. It appears to be a box stuffed with non-specific ASIC chips to clear inventory, and not a true ASIC.
Therefore, proper disclosures were not made to purchasers of the B3 and a reasonable calculation of risk could not be made.
Yep, this is a major failure. GPU is cheaper and more efficient than B3 WTF. This is unheard of....
Does bitmain have any pride left to do the right thing and compensate us? This brick is nonsense from the get go.
So, compensation for selling us this brick? Maybe they should change their name to Brick Main...zzzzzzzz
So why is it that you guys are dumb enough to buy a machine that can only do a single algo with no real history of profit, then call bitmain scammers because you realized what a stupid mistake you made?
They made hardware, they sold hardware. The rest is ALL up to you. You cant blame them for your dumb decisions.
They made hardware, they sold hardware. The rest is ALL up to you. You cant blame them for your dumb decisions.
Decisions, decisions. Of course you take the risk with any crypto related stuff Coins/mining hardware etc.
Lets take Antminer X3 (cryptonight) that mines many coins for example. The forks were totally expected ... another asics invading the cryptonight arena also totally expected. Yet some people took the opportunity and bought it. Probably some made profits some did not. I don't know but is totally their fault.
Was it expected that all Crypto will decline in value ... YES.
However the situation with Bytom and Antminer B3 is different. There was a huge premine and long token history of the coin.
Bitmain and the creators of the tensority algorithm made very sound presentations of how they will change the AI development blah blah.
Bitmain advertised the B3 as the machine developed specifically for Bytom with the help of the developers of Bytom and claiming they are the only one that will be able to mine Bytom.
Was it expected that other players will join in with their ASICs based on tensority - totally YES! Was it expected that Bitmain will flood the market with Antminer B3 ... or release a more powerful miner very soon after the B3 - YES.
However to be beaten by general purpose hardware - GPUs in terms of performance and efficiency (and to make it worse -- 2 years old hardware
). Come on that is lame. Bitmain has a 5+ years history making ASICS (SHA256 miners were single algo once). So you and they are telling me they made an ASIC based on Tensority Algo together with the developers of the algo and did not care to test it VS GPUs ( general purpose hardware that you can use for games, videos, password cracking, porn and whatnot
Reading headlines like Bytom cracked by GPU miners makes me laugh so hard (cracked by at least 3 independent developers in less than 2 weeks the Antminer B3 was made available)
The Bitmain could have just made a simple test to see how their hardware scales vs GPUs in terms of performance.... AND THEY SURE DID.
But they sold the miners anyway ... so this is called SCAM.
Why did they completely removed the Antminer B3 from their website?
BTW i have 5 Antminer A3 ... also single algo. They are losing me 2$ each (10$) per day ... sold for as little as 145 GBP at ebay bundled with the PSU
Wasting ~8KW 24/7
Am i blaming Bitmain? Maybe a little for flooding the market, but so did the other ASIC manufacturers.
Would i blame them if there was a fork? NO? Why? Because they delivered what they promised. An ASIC miner that is doing its job. Being more efficient than the General Purpose Hardware.
Innosilicon and Halong both have miners that are 4-5 times more efficient. But are/were priced accordingly of course
Of course it was a big risk buying the B3 ... but Bitmain are to blame because they failed at doing what they do best - ASIC miners.
They don't just do hardware.
But that will cost them a lot, they will lose a lot of buyers. Since the last few miners they released were total disaster. B3 being the worst of their mistakes.
P.S. Pictures and review of the insides of B3 https://bitcointalksearch.org/topic/the-inside-of-antminer-b3s-3870665
The Antminer B3 situation appears different from other ASICs which have declining ROIs. I recall the B3 was advertised to be an ASIC for mining Tensority (BYTOM), and the algo was to be mined with Bitmain B3 hardware and firmware with options of benefiting from AI mining/processing opportunities.
However, it would seem that the ‘ASIC’ chips in the B3 are not efficient on the Tensority algo, and Tensority can be mined on non-B3 machines.
The Antminer S9, L3 etc are very efficient on the algo they were designed to mine and that is why buyers purchase these ASICS. Buyers can assess declining returns depending on units shipped and the efficiency of the miner.
The B3 is not even efficient at mining Tensority. It is not fit for purpose. It appears to be a box stuffed with non-specific ASIC chips to clear inventory, and not a true ASIC.
Therefore, proper disclosures were not made to purchasers of the B3 and a reasonable calculation of risk could not be made.
However, it would seem that the ‘ASIC’ chips in the B3 are not efficient on the Tensority algo, and Tensority can be mined on non-B3 machines.
The Antminer S9, L3 etc are very efficient on the algo they were designed to mine and that is why buyers purchase these ASICS. Buyers can assess declining returns depending on units shipped and the efficiency of the miner.
The B3 is not even efficient at mining Tensority. It is not fit for purpose. It appears to be a box stuffed with non-specific ASIC chips to clear inventory, and not a true ASIC.
Therefore, proper disclosures were not made to purchasers of the B3 and a reasonable calculation of risk could not be made.
Exactly my thoughts and the fact that it costs ~$1900 after discount.
The Antminer B3 situation appears different from other ASICs which have declining ROIs. I recall the B3 was advertised to be an ASIC for mining Tensority (BYTOM), and the algo was to be mined with Bitmain B3 hardware and firmware with options of benefiting from AI mining/processing opportunities.
However, it would seem that the ‘ASIC’ chips in the B3 are not efficient on the Tensority algo, and Tensority can be mined on non-B3 machines.
The Antminer S9, L3 etc are very efficient on the algo they were designed to mine and that is why buyers purchase these ASICS. Buyers can assess declining returns depending on units shipped and the efficiency of the miner.
The B3 is not even efficient at mining Tensority. It is not fit for purpose. It appears to be a box stuffed with non-specific ASIC chips to clear inventory, and not a true ASIC.
Therefore, proper disclosures were not made to purchasers of the B3 and a reasonable calculation of risk could not be made.
However, it would seem that the ‘ASIC’ chips in the B3 are not efficient on the Tensority algo, and Tensority can be mined on non-B3 machines.
The Antminer S9, L3 etc are very efficient on the algo they were designed to mine and that is why buyers purchase these ASICS. Buyers can assess declining returns depending on units shipped and the efficiency of the miner.
The B3 is not even efficient at mining Tensority. It is not fit for purpose. It appears to be a box stuffed with non-specific ASIC chips to clear inventory, and not a true ASIC.
Therefore, proper disclosures were not made to purchasers of the B3 and a reasonable calculation of risk could not be made.
So why is it that you guys are dumb enough to buy a machine that can only do a single algo with no real history of profit, then call bitmain scammers because you realized what a stupid mistake you made?
They made hardware, they sold hardware. The rest is ALL up to you. You cant blame them for your dumb decisions.
They made hardware, they sold hardware. The rest is ALL up to you. You cant blame them for your dumb decisions.
I also have a hard time here seeing how anyone can blame Bitmain. They delivered what they promised. The unforeseen development that GPU's would get an upper hand here is outside of Bitmain's control. I do feel for those who bought this at such a high price. I still see lots of demand for them on ebay so you could probably unload these on some unknowing souls who aren't aware of the situation. But this one looks like a dud.
So why is it that you guys are dumb enough to buy a machine that can only do a single algo with no real history of profit, then call bitmain scammers because you realized what a stupid mistake you made?
They made hardware, they sold hardware. The rest is ALL up to you. You cant blame them for your dumb decisions.
They made hardware, they sold hardware. The rest is ALL up to you. You cant blame them for your dumb decisions.
Curious.. Has anyone done some research & opened one of these things up or at least thrown a packet capture on the network?
Are these B3's doing what they are supposed to be doing?
Are these B3's doing what they are supposed to be doing?
I almost bought one of these. I dodged a bullet here.
So far i have 75 Bitmains and 12 Baikals. For me by now it's clear that Asics are a no go anymore for private smaller miners, easy as that.
Actually the whole POW is flawed from A to Z. I will wait for my prepaid Antminer E3 and i'am done with any new hardware boughts, no matter
if Asic or GPU, every cent gets invested from now into good POS projects as that POW arms racing is leading to nowhere.....
And for the list, 1x B3 here. No big deal, but it sucks of course..... I personally take it as a risk investment that didn't work out. Was somehow
logical with 1 coin on 1 algo with only a view coins left to mine..... I feel sorry for everybody that purchased more than 1.
Actually the whole POW is flawed from A to Z. I will wait for my prepaid Antminer E3 and i'am done with any new hardware boughts, no matter
if Asic or GPU, every cent gets invested from now into good POS projects as that POW arms racing is leading to nowhere.....
And for the list, 1x B3 here. No big deal, but it sucks of course..... I personally take it as a risk investment that didn't work out. Was somehow
logical with 1 coin on 1 algo with only a view coins left to mine..... I feel sorry for everybody that purchased more than 1.
FUCK BITMAIN. Never buying a product from this SCAM company again
FUCK BYTOM and FUCK BITMAIN
B3 now makes LESS than $1.00/day.....Units are LESS THAN 1 MONTH OLD for fucks sake.
That means it needs OVER 4 YEARS just to pay for itself...no chance for profit.
B3 now makes LESS than $1.00/day.....Units are LESS THAN 1 MONTH OLD for fucks sake.
That means it needs OVER 4 YEARS just to pay for itself...no chance for profit.
It will never break even period. Does bitmain have any pride or do they care about their reputation? This is pure garbage miner....
At least you have some chance. I bought two online for $1600 each they arrived a few days ago. Crashing ever since, no papa johns coupons for me. Even worse they'll refund the guy I already gave 3.2k to, instead of me.
I've been running my B3 since 05/07 and I GPU mined from 05/08 with 12x 1070s for weeks, PLUS hit a CPU block.
Total BTM count: 1,683
I'm $2,500 into a B3 (launch) and even with the $500 USD refund from Bitmain, I'm still in the hole $1,360. Only hope to even break even would be for BTM to hit a new ATH of $1.12. Completely unrealistic, lol. Every single person who bought a B3 got incredibly shafted, but that's zero surprise coming from Bitmain.
Total BTM count: 1,683
I'm $2,500 into a B3 (launch) and even with the $500 USD refund from Bitmain, I'm still in the hole $1,360. Only hope to even break even would be for BTM to hit a new ATH of $1.12. Completely unrealistic, lol. Every single person who bought a B3 got incredibly shafted, but that's zero surprise coming from Bitmain.
I messaged bitmain again yesterday and got a response today saying they will not be releasing future B3 firmware. Also met a Chinese guy just now that spoke english very well in our new B3 scam discord channel. He said he will be going to visit the Bytom team soon and that they feel bad about what happened to btm network hashrate when GPU miners somehow took over. Supposedly they plan on compensating all B3 owners with either new hardware or a chunk of BTM. http://i1187.photobucket.com/albums/z393/hildymedic/image.png
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