Bitmain launches the Z9 Equihash miner - page 98.

gameboy366

jr. member

Activity: 252

Merit: 8

Quote from: rdluffy on May 03, 2018, 10:58:50 AM

It's happening, the idea of decentralization are gone

Let's make Bitmain more powerful than ever, let's forget about tech and such ideas

The real purpose is money, money, money, let's squeeze everything until ends very soon

Gpu don't gurantee decentralisation and in real world less then .1% miner actually cares about tech. It was always about money. This is how you survive and thrive in a capitalist/realist world.

xs.over

full member

Activity: 376

Merit: 103

R.I.P. gpu mining.
Say thanks to fckn ASIC manufacturers, they are going to eat whole GPU POW mining profits

rdluffy

legendary

Activity: 2366

Merit: 1408

It's happening, the idea of decentralization are gone

Let's make Bitmain more powerful than ever, let's forget about tech and such ideas

The real purpose is money, money, money, let's squeeze everything until ends very soon

Ashstoner

newbie

Activity: 6

Merit: 0

lets pray more algos become available

LTZ-Team

jr. member

Activity: 387

Merit: 2

The key of LitecoinZ is to be always ASIC resistant to ensure decentralization. For this reason we are already evaluating a fork to change the algorithm from equihash to another one.

Stay tuned.

NetfetMiningCompany

jr. member

Activity: 315

Merit: 8

It seems like the auto switching algos like x16r are going to reign supreme for a good while. Dont know how asics will cope with it. If I remember right though, x11 was a mixture of algos too, so...Who knows. I would mine PHI and x16r if it goes down.

TheCryptoShop.ca

newbie

Activity: 11

Merit: 0

Quote from: shellyfinest on May 03, 2018, 10:07:28 AM

Quote from: gameboy366 on May 03, 2018, 10:00:06 AM

Do you think that ZCash will change their algo. Do they have the guts ? Really it definitely looks like all of algos will have an asic this year. I think next one will be NEOSCRYPT. We need new algos. The cycle is repeating.

This will sell out quick , A3 first batch ROI'd quickly , but 1st batch B3 and E3 and X3 saw quick drops in price for 2nd batches coming immediately after 1st batches ... Obviously X3 saw Monero fork / change algo...

Not sure that Zcash would want to fork : http://www.crypto-news.in/news/alt-coins/zcash-founder-zooko-not-interested-asic-resistance/

* EDIT *Or this, more recent update : https://forum.z.cash/t/let-s-talk-about-asic-mining/27353/638?u=zooko

May have to keep an eye on this, would love a Z9 asap but my gut says wait til batch 2

Thank you for the update, it looks like indeed this will be a new journey and further disruption to the GPU mining.. with Casper looming on ETH and POS , we might see the eclipse of industrial GPU mining this year..

Longsnowsm

hero member

Activity: 868

Merit: 517

Just praying they don't fork the coins.... Seems like a precedent has been set so I am a little worried on this one.

NetfetMiningCompany

jr. member

Activity: 315

Merit: 8

I had to buy one myself lol. Color me Excitebike!

nazzer

member

Activity: 238

Merit: 11

Quote from: LTCMAXMYR on May 03, 2018, 09:30:11 AM

ZEC will be killed by shitmain.
GPUminers,welcome to XZC,

Quote from: LTCMAXMYR on May 03, 2018, 10:13:28 AM

why fight against ASIC,i have GPU ,i can choose which coin to mine ,for current profit ,or for future.
if i buy a ASIC machine, when shitmain manufacture more machines,or the coin dump,i have nothing todo,just look at the devaluation of the machine,and cannot return of investment.

Funnily enough, Equihash is still extremely profitable right now Grin

TheCryptoShop.ca

newbie

Activity: 11

Merit: 0

Quote from: CryptoCrane on May 03, 2018, 08:51:48 AM

Just grabbed a few! I'm loving the low power requirements.

Indeed, At 300W, these would not require heavy cooling, thus they should be less noisy and would fit for Home mining.

LTCMAXMYR

hero member

Activity: 609

Merit: 500

DMD,XZC

Quote from: gameboy366 on May 03, 2018, 10:05:49 AM

Quote from: cioloxl on May 03, 2018, 09:49:40 AM

Quote from: LTCMAXMYR on May 03, 2018, 09:30:11 AM

ZEC will be killed by shitmain.
GPUminers,welcome to XZC,

No, it won't. All you people who can't see that garage projects with videocards could never achieve global adoption, lack vision. ASICs are the future for pow, there is no other option. Efficient, stable and dedicated to securing networks. I'm not a fan of bitmain's monopoly, however, that's gonna change and rather soon from the looks of it. More and more companies are getting involved in asic manufacturing. And if you think centralization cannot be achieved through gpu mining, you're naive, to put it mildly.

The thing is gpus are really the cheapest super computers available to masses. In a lot of Asian countries, importing ASICS is illigal but even in a small town of a third world country you can easily buy a gpu, so it adds to decentralisation or democratisation.

why fight against ASIC,i have GPU ,i can choose which coin to mine ,for current profit ,or for future.
if i buy a ASIC machine, when shitmain manufacture more machines,or the coin dump,i have nothing todo,just look at the devaluation of the machine,and cannot return of investment.

shellyfinest

member

Activity: 94

Merit: 11

Quote from: gameboy366 on May 03, 2018, 10:00:06 AM

Do you think that ZCash will change their algo. Do they have the guts ? Really it definitely looks like all of algos will have an asic this year. I think next one will be NEOSCRYPT. We need new algos. The cycle is repeating.

This will sell out quick , A3 first batch ROI'd quickly , but 1st batch B3 and E3 and X3 saw quick drops in price for 2nd batches coming immediately after 1st batches ... Obviously X3 saw Monero fork / change algo...

Not sure that Zcash would want to fork : http://www.crypto-news.in/news/alt-coins/zcash-founder-zooko-not-interested-asic-resistance/

* EDIT *Or this, more recent update : https://forum.z.cash/t/let-s-talk-about-asic-mining/27353/638?u=zooko

May have to keep an eye on this, would love a Z9 asap but my gut says wait til batch 2

gameboy366

jr. member

Activity: 252

Merit: 8

Quote from: cioloxl on May 03, 2018, 09:49:40 AM

Quote from: LTCMAXMYR on May 03, 2018, 09:30:11 AM

ZEC will be killed by shitmain.
GPUminers,welcome to XZC,

No, it won't. All you people who can't see that garage projects with videocards could never achieve global adoption, lack vision. ASICs are the future for pow, there is no other option. Efficient, stable and dedicated to securing networks. I'm not a fan of bitmain's monopoly, however, that's gonna change and rather soon from the looks of it. More and more companies are getting involved in asic manufacturing. And if you think centralization cannot be achieved through gpu mining, you're naive, to put it mildly.

The thing is gpus are really the cheapest super computers available to masses. In a lot of Asian countries, importing ASICS is illigal but even in a small town of a third world country you can easily buy a gpu, so it adds to decentralisation or democratisation.

thisismyback

newbie

Activity: 2

Merit: 0

Quote from: greenfailure on May 03, 2018, 09:45:05 AM

Quote from: TheCryptoShop.ca on May 03, 2018, 09:36:52 AM

Quote from: greenfailure on May 03, 2018, 09:24:36 AM

Quote from: TheCryptoShop.ca on May 03, 2018, 09:20:14 AM

Quote from: greenfailure on May 03, 2018, 09:07:34 AM

regardless, all antminers purchased can be resold on like ebay and such for higher than you paid if you buy batch 1

its almost no risk, if when received the profit has dropped off -> dump the miner to some idiot on ebay for more than you paid

Hi all

Well, I cannot agree with you on that, too much risks with Bitmain nowadays as they price per value and not cost..
The X11 Batch 1 was at 11K USD and now they sell at 1500 and no one would buy afaik.. while the E3 were the most profitable, Batch 1 at 800$ now >2100usd
Same for A3, difficulty skyrocketed there and miners went from 2300$ to <1K$

Mike

all A3 batches have been massive profitable to mine with. X11 would have been massively profitable is CN did not hard fork. Top equihash coins have already stated they won't be doing a hard fork for ASIC's.

Even when these all hit the networks, should still result under 100 day ROI

Well, the A3s unless you got them on day 1 out of all customers you wouldn't have got your ROI yet, their price was 2300$, difficulty went up from ~0.5M TH afaik to 11M TH in 1 week, at 40$ per 1K sia that would still have made 1K usd, but prices of sia went down afterwards to 20$ then 9$.. you had to mine 120K coins at 40$ to return your 2300$ which till now none of Batch 1 miners did, afaik most should be around 100K coins

I have batch 1 A3's running right now in my farm.. paid themselves off in about 2.5months and have been making 8-10$ of profit daily since. A better ROI than GPU's have been recently.

Yup, mined about 125k SC since receiving it 97 days ago.
Cost per A3+PSU =~ 1.45BCH at purchase time
1.45BCH =~ 80k SC at todays price for both BCH and SC

Do you factor shipping and duties in your A3 costs? I'm closer to $2800 if you count everything.

Dagamus(NM)

newbie

Activity: 48

Merit: 0

Well, just ordered my first ever ASIC. I hope I don't regret this but it seems inevitable with the ZEC team not going away from ASICs.

The power to performance is just too high.

For those of you ordering more than one, what are the methods for getting around the max order quantity? Is it just one per order and you pay more in shipping costs or do you need multiple registered accounts/phone numbers/addresses?

gameboy366

jr. member

Activity: 252

Merit: 8

Do you think that ZCash will change their algo. Do they have the guts ? Really it definitely looks like all of algos will have an asic this year. I think next one will be NEOSCRYPT. We need new algos. The cycle is repeating.

TheCryptoShop.ca

newbie

Activity: 11

Merit: 0

Quote from: greenfailure on May 03, 2018, 09:45:05 AM

Quote from: TheCryptoShop.ca on May 03, 2018, 09:36:52 AM

Quote from: greenfailure on May 03, 2018, 09:24:36 AM

Quote from: TheCryptoShop.ca on May 03, 2018, 09:20:14 AM

Quote from: greenfailure on May 03, 2018, 09:07:34 AM

regardless, all antminers purchased can be resold on like ebay and such for higher than you paid if you buy batch 1

its almost no risk, if when received the profit has dropped off -> dump the miner to some idiot on ebay for more than you paid

Hi all

Well, I cannot agree with you on that, too much risks with Bitmain nowadays as they price per value and not cost..
The X11 Batch 1 was at 11K USD and now they sell at 1500 and no one would buy afaik.. while the E3 were the most profitable, Batch 1 at 800$ now >2100usd
Same for A3, difficulty skyrocketed there and miners went from 2300$ to <1K$

Mike

all A3 batches have been massive profitable to mine with. X11 would have been massively profitable is CN did not hard fork. Top equihash coins have already stated they won't be doing a hard fork for ASIC's.

Even when these all hit the networks, should still result under 100 day ROI

Well, the A3s unless you got them on day 1 out of all customers you wouldn't have got your ROI yet, their price was 2300$, difficulty went up from ~0.5M TH afaik to 11M TH in 1 week, at 40$ per 1K sia that would still have made 1K usd, but prices of sia went down afterwards to 20$ then 9$.. you had to mine 120K coins at 40$ to return your 2300$ which till now none of Batch 1 miners did, afaik most should be around 100K coins

I have batch 1 A3's running right now in my farm.. paid themselves off in about 2.5months and have been making 8-10$ of profit daily since. A better ROI than GPU's have been recently.

Yup, mined about 125k SC since receiving it 97 days ago.
Cost per A3+PSU =~ 1.45BCH at purchase time
1.45BCH =~ 80k SC at todays price for both BCH and SC

actually you are correct, the 120K coins were for 2 miners at 2300$ @40$, Batch 1 broke even already at 75K coins @ today's price

Cts519

newbie

Activity: 8

Merit: 0

Sure...You could roi early with batch 1, but eventually a dead end.

All that needs to happen is a change algorithm/fork and you are toast. Difficulty skyrockets. Centralization.

What’s the old saying? If it’s too good to be true...

No thanks.

cioloxl

full member

Activity: 238

Merit: 105

Quote from: LTCMAXMYR on May 03, 2018, 09:30:11 AM

ZEC will be killed by shitmain.
GPUminers,welcome to XZC,

No, it won't. All you people who can't see that garage projects with videocards could never achieve global adoption, lack vision. ASICs are the future for pow, there is no other option. Efficient, stable and dedicated to securing networks. I'm not a fan of bitmain's monopoly, however, that's gonna change and rather soon from the looks of it. More and more companies are getting involved in asic manufacturing. And if you think centralization cannot be achieved through gpu mining, you're naive, to put it mildly.

Topic: Bitmain launches the Z9 Equihash miner - page 98. (Read 37201 times)