Topic: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3 - page 68. (Read 299686 times)
November 11, 2017, 08:45:31 PM
I agree, I see some people think that crazy mining difficulty kills a coin....not so, just miners profits. More hash power does not correlate to killing a coin that's just dumb
November 11, 2017, 08:41:20 PM
Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.
Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.
There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH
Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.
Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.
There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH
Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.
Dash is not doomed. The Dash mining difficulty has just caught up to the mining power that was pointed toward it. We all knew this was going to happen.. just didn't expect it to happen so fast. And just because it happened fast, doesn't really mean anything at the end of the day (other than disappointing people that thought they had bought a magic money machine that was going to hand them hundreds of thousands annually). It just means that it has now joined the rankings of established cryptocurrencies. There was no way the network was going to sustain allowing people to make even $50 a day if everybody else was also competing for $50 a day.
Disregard hardware cost for a moment, and just think about electricity cost to reward (efficiency). In the history of cryptocurrency mining, has there ever been a (decentralized) coin that was completely unprofitable to mine? No, the incentive game theory is and has always been applied to every cryptocurrency that has ever existed. People will stop mining it when the reward is to low, and the patient people will stick around until it becomes profitable to mine again. If it only remains unprofitable to mine with the most powerful equipment, then that means that it does not exist, or there are more efficient miners available that are not being released to the public.
In the US, the story will go like this:
- Eventually (pretty much now) the D3 will make about $2 - $4 a day, and the A5's will make $7 - $10 a day.
Huh.. What a coincidence. The Antminer S7 makes $2 - $4 a day and the Antminer S9 makes about $7 - $10 a day... strange.
I am not siding with Inno just because their miner is (allegedly) more efficient, because I do not agree with the insane price point.
But to be fair, everybody had fair warning that the D3 was not the most efficient miner out there even before you purchased it. It's like buying an Antminer S7 when the Antminer S9 already existed. I understand that you could of bought 5 or 6 D3's for the price of 1 A5, but if you have been in the mining scene before, you would know that efficiency is the name of the game. If you didn't want to purchase the A5 (I don't blame you one bit) then you bought the D3 hoping to make a quick profit before it was too late, by no means should you have though that the D3 was a good long term investment knowing that was like the equivalent of Dashs' version of Bitcoins' Antminer S7.
I don't see how this could negatively effect Dash's future. Changing the algo is irrelevant. I don't quite follow you on that one.
Mining companies are not in the business to make everybody else rich. That would be a horrible business model. They know what their doing and so should we.
November 11, 2017, 08:22:09 PM
This thread is really entertaining to read because you very clearly see both sides of the positive and negative outlook spectrum
If anyones interested I posted this video 1-2 weeks ago and it's my take on x11 mining / outlook
https://youtu.be/ipTsthJYn1g
bitcointalk is my online crypto home and I want to see its users do well - so here's my updated take on x11 mining today
Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.
Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.
There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH
Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.
Anyway, up to everyone to make their own decisions, when I was certain that IMO X11 was doomed I spoke my 2c to help those that I could on BTCtalk and my subscribers - so here's my updated 2c
If anyones interested I posted this video 1-2 weeks ago and it's my take on x11 mining / outlook
https://youtu.be/ipTsthJYn1g
bitcointalk is my online crypto home and I want to see its users do well - so here's my updated take on x11 mining today
Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.
Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.
There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH
Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.
Anyway, up to everyone to make their own decisions, when I was certain that IMO X11 was doomed I spoke my 2c to help those that I could on BTCtalk and my subscribers - so here's my updated 2c
you are only thinking about the right now. many x11 coins will be going up in price because of the D3. just mine and wait a few months.
November 11, 2017, 08:19:42 PM
I see more profitable coins to mine here: https://www.crypto-coinz.net/crypto-calculator/ than on whattomine.
Needle Coin looks good, almost $10.00 a day.
How do we mine it?
November 11, 2017, 07:45:00 PM
I see more profitable coins to mine here: https://www.crypto-coinz.net/crypto-calculator/ than on whattomine.
November 11, 2017, 07:43:07 PM
This thread is really entertaining to read because you very clearly see both sides of the positive and negative outlook spectrum
If anyones interested I posted this video 1-2 weeks ago and it's my take on x11 mining / outlook
https://youtu.be/ipTsthJYn1g
bitcointalk is my online crypto home and I want to see its users do well - so here's my updated take on x11 mining today
Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.
Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.
There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH
Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.
Anyway, up to everyone to make their own decisions, when I was certain that IMO X11 was doomed I spoke my 2c to help those that I could on BTCtalk and my subscribers - so here's my updated 2c
If anyones interested I posted this video 1-2 weeks ago and it's my take on x11 mining / outlook
https://youtu.be/ipTsthJYn1g
bitcointalk is my online crypto home and I want to see its users do well - so here's my updated take on x11 mining today
Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.
Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.
There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH
Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.
Anyway, up to everyone to make their own decisions, when I was certain that IMO X11 was doomed I spoke my 2c to help those that I could on BTCtalk and my subscribers - so here's my updated 2c
November 11, 2017, 07:13:30 PM
been watching this thread for a while now. looks like my nov 20'th batch is coming this week. I get greeted by 1-2$ per day profit. talk about gross. thank goodness i only bought 1 miner. atleast my gpu miners will still be churning money. so gross.
November 11, 2017, 07:12:15 PM
eBay price for on hand units is $1000. Debating if I should take the loss or wait for prices to go back up. Can't see it getting better once late November starts hitting though.
November 11, 2017, 06:34:51 PM
Did anyone asked bitmain regarding unshipped power supplies?
I don't like being the bearer of bad news, but their PSUs are as unreliable as their miners and shipping.
Hope it works out for you...
M
I cant sign that. I got APW3+ so the old ones but they are rock solid till now. Hope that stays like this
November 11, 2017, 05:52:12 PM
Maybe fork off bitcoin like BTG and make a x11 algo bitcoin X?
November 11, 2017, 05:11:26 PM
Guys my d3s are just getting worse and worse, does x11 have any hope??
Even if dash hit 600 it still wouldn't become profitable really.. Any new coins coming? Obviously I know a couple but anything exciting
Who wants to give Dash a good ol forking?
November 11, 2017, 04:55:41 PM
Guys my d3s are just getting worse and worse, does x11 have any hope??
Who wants to give Dash a good ol forking?
November 11, 2017, 04:05:29 PM
Guys my d3s are just getting worse and worse, does x11 have any hope??
November 11, 2017, 02:45:35 PM
I think you misunderstood. I was agreeing with you and complimenting you. That's why I said "best" post. The "noobie" was not meant as an insult. It's a term of endearment.
Sorry I misconstrued your response.Thanks! Much appreciated
November 11, 2017, 02:40:44 PM
interesting thoughts from Inno branch:
Once the Dash difficulty reaches 65 000 000 then D3's will officially cost more to run than they will be making. (at current rates ect..) The difficulty is at 36 000 000 as of the time of this writing.
Contrast that to the A5. The mining difficulty would have to reach 180 000 000 before the A5's are obsolete in the US (given average US power costs.. other areas will vary). If the A5 used the same power draw as the D3, then the network difficulty would need to reach 110 000 000 before profits are lost. Either way, much better than the D3 of course.
Once the Dash difficulty reaches 65 000 000 then D3's will officially cost more to run than they will be making. (at current rates ect..) The difficulty is at 36 000 000 as of the time of this writing.
Contrast that to the A5. The mining difficulty would have to reach 180 000 000 before the A5's are obsolete in the US (given average US power costs.. other areas will vary). If the A5 used the same power draw as the D3, then the network difficulty would need to reach 110 000 000 before profits are lost. Either way, much better than the D3 of course.
I thought I recognized that post
thing is once d3 becomes unprofitable, i mean once it will lose money instead of making it most of D3 owners will switch it off but it depends on electricity rates, so some will switch it off earlier some later, but thing is because of that difficulty wont become more then 70mil, i dont think that innosilicon can deliver such amounts as bitmain, and even if they could d3 will be switching off and that will balance out difficulty. this is not good thing for us but in case of difficulty it will balance out
I agree that many D3's will be forced to turn off soon after the A5s start running, unless they have much cheaper than average (or free) power.
I think that too many people saw the false potential to make $150 000 a year with a D3 using one of the online calculators and went all in as soon as they can.
There hasn't been a investment mining "opportunity" that has ever had potential to yield as much as a D3 or A5 so I think that's why the difficulty has shot up more than most had ever seen coming.
Eventually in the long run, things will even out. People will take their losses, and the D3 will end up making roughly as much as the Antminer S7 does in Bitcoin now, and the Innosilicon A5 will be making as much as the Antminer S9 is making in Bitcoin now. It's a rough estimate, but it makes sense as the performance of the two (Dash miners and Bitcoin miners) are somewhat similar. This is a comparison that doesn't take into account price fluctuations or market size and impact or Dash.. we will see how that comes into play eventually.
Currently the Antminer S9 is more profitable in Bitcoin than any Dash miner on the market. This is proof that the Dash mining difficulty will not be able to continue on it's exponential increase. Otherwise, everybody will soon be mining at a loss, and I hope for the sake of everybody that nobody is doing that.
There is one other scenario that I hope is not true. Because Dash mining has just exploded with interest and is relatively new to the corporate mining industry, I believe that it's possible that corporations have managed to create more efficient miners (more so than the Innosilicon A5) and are just running them themselves without releasing them into the public. If this were the case, then nobody else would have a chance, and Dash becomes a centralized garbage coin.
November 11, 2017, 02:38:24 PM
interesting thoughts from Inno branch:
Once the Dash difficulty reaches 65 000 000 then D3's will officially cost more to run than they will be making. (at current rates ect..) The difficulty is at 36 000 000 as of the time of this writing.
Contrast that to the A5. The mining difficulty would have to reach 180 000 000 before the A5's are obsolete in the US (given average US power costs.. other areas will vary). If the A5 used the same power draw as the D3, then the network difficulty would need to reach 110 000 000 before profits are lost. Either way, much better than the D3 of course.
Once the Dash difficulty reaches 65 000 000 then D3's will officially cost more to run than they will be making. (at current rates ect..) The difficulty is at 36 000 000 as of the time of this writing.
Contrast that to the A5. The mining difficulty would have to reach 180 000 000 before the A5's are obsolete in the US (given average US power costs.. other areas will vary). If the A5 used the same power draw as the D3, then the network difficulty would need to reach 110 000 000 before profits are lost. Either way, much better than the D3 of course.
I thought I recognized that post
thing is once d3 becomes unprofitable, i mean once it will lose money instead of making it most of D3 owners will switch it off but it depends on electricity rates, so some will switch it off earlier some later, but thing is because of that difficulty wont become more then 70mil, i dont think that innosilicon can deliver such amounts as bitmain, and even if they could d3 will be switching off and that will balance out difficulty. this is not good thing for us but in case of difficulty it will balance out
I agree that many D3's will be forced to turn off soon after the A5s start running, unless they have much cheaper than average (or free) power.
I think that too many people saw the false potential to make $150 000 a year with a D3 using one of the online calculators and went all in as soon as they can.
There hasn't been a investment mining "opportunity" that has ever had potential to yield as much as a D3 or A5 so I think that's why the difficulty has shot up more than most had ever seen coming.
Eventually in the long run, things will even out. People will take their losses, and the D3 will end up making roughly as much as the Antminer S7 does in Bitcoin now, and the Innosilicon A5 will be making as much as the Antminer S9 is making in Bitcoin now. It's a rough estimate, but it makes sense as the performance of the two (Dash miners and Bitcoin miners) are somewhat similar. This is a comparison that doesn't take into account price fluctuations or market size and impact or Dash.. we will see how that comes into play eventually.
Currently the Antminer S9 is more profitable in Bitcoin than any Dash miner on the market. This is proof that the Dash mining difficulty will not be able to continue on it's exponential increase. Otherwise, everybody will soon be mining at a loss, and I hope for the sake of everybody that nobody is doing that.
There is one other scenario that I hope is not true. Because Dash mining has just exploded with interest and is relatively new to the corporate mining industry, I believe that it's possible that corporations have managed to create more efficient miners (more so than the Innosilicon A5) and are just running them themselves without releasing them into the public. If this were the case, then nobody else would have a chance, and Dash becomes a centralized garbage coin.
November 11, 2017, 02:16:16 PM
I ordered 50 late Nov units (Nov 20-30)
I already got shipping information on one of them a few days ago, and it will arrive Monday. So I think they're shipping out ahead of schedule. Or I got lucky and they shipped mine early.
I got mine for monday also - 2 out of 35 ... I already got shipping information on one of them a few days ago, and it will arrive Monday. So I think they're shipping out ahead of schedule. Or I got lucky and they shipped mine early.
November 11, 2017, 01:52:29 PM
I ordered 50 late Nov units (Nov 20-30)
I already got shipping information on one of them a few days ago, and it will arrive Monday. So I think they're shipping out ahead of schedule. Or I got lucky and they shipped mine early.
I already got shipping information on one of them a few days ago, and it will arrive Monday. So I think they're shipping out ahead of schedule. Or I got lucky and they shipped mine early.
November 11, 2017, 01:24:15 PM
What if we are all winners ?
What if 20+ Nov batch do not exist ?
What if Bitmain make a buzz about D3 just to collect money from people - they collected over 1.5 Billion USD...
- What if they use those money to pump BCC ?
- BCC should dump soon when Bitmain take their 100's% profit...
Everyone on Batches 20+ Nov will be having money as credits at bitmain for future orders as there is no refund policy...
We will all be loving Bitmain - as everyone who already got D3 will be making small but steady income....
We will all be loving bitmain as their official line will be that they care for customers so much that they dont want to destroy the X11 - that why they wont be sending more D3 ( true is they never existed )
- BCC will be going up again after dump as bitmain will accept only BCC ....
That plan is a masterpiece - I wont be surprised if Im right....
What if 20+ Nov batch do not exist ?
What if Bitmain make a buzz about D3 just to collect money from people - they collected over 1.5 Billion USD...
- What if they use those money to pump BCC ?
- BCC should dump soon when Bitmain take their 100's% profit...
Everyone on Batches 20+ Nov will be having money as credits at bitmain for future orders as there is no refund policy...
We will all be loving Bitmain - as everyone who already got D3 will be making small but steady income....
We will all be loving bitmain as their official line will be that they care for customers so much that they dont want to destroy the X11 - that why they wont be sending more D3 ( true is they never existed )
- BCC will be going up again after dump as bitmain will accept only BCC ....
That plan is a masterpiece - I wont be surprised if Im right....
November 11, 2017, 01:19:02 PM
Did anyone asked bitmain regarding unshipped power supplies?
I don't like being the bearer of bad news, but their PSUs are as unreliable as their miners and shipping.
Hope it works out for you...
M
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