DragonMint T1 16TH/S halongmining.com - page 67.

Shazam!!!

full member

Activity: 350

Merit: 158

#takeminingback

Quote from: Sandal_Hat on February 10, 2018, 09:19:37 PM

If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?

I don't know how familiar you are with the price history of BTC, but it is very likely the price is going to rise again. You may want
to invest now while it's still low. Asic manufacturers still have time to have some tricks up their sleeves, as long as they can
make usable products people can purchase. If a company like Pangolinminer can squeeze every last bit out of 28nm tech,
imagine what other companies, like bitmain, can do to turn a profit out of newer, more efficient tech. And, with the restrictions
some countries are putting on corporate mining farms, the "end of days" is still quite far away. One thing this thread does, is
show a company that may have a more efficient miner, or at very least show there is an opportunity for it in the future.

Raymond_B

member

Activity: 504

Merit: 71

Just Getting Started...

My little trio of ASICs are working away every day oblivious of all the difficulty gloom and doom. BTC price is down, as we all know, but I have my electricity easily covered and I get .01 BTC every 2-3 days. I have a few more miners on the way and will happily run them too.

While difficulty is important, as long as you're not stupid with your purchasing money mining is fine. All the "OMG IT'S OVER" talk makes me laugh.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: philipma1957 on February 10, 2018, 05:17:51 PM

Quote from: Sandal_Hat on February 10, 2018, 03:59:19 PM

Quote from: philipma1957 on February 10, 2018, 03:16:50 PM

Quote from: Sandal_Hat on February 10, 2018, 02:18:41 AM

Quote from: philipma1957 on February 10, 2018, 12:32:37 AM

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything. Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

I can not worry about breaking even.
I only worry about losing my profits.

The question for me is where do I buy for my power source. I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins.
Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins. All my gear is paid off.

So I have 1 limit 17kwatts.

the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer but low coin prices and high diff will affect me.

one other place to mine has a 2kwatt cap and cost is ½ the coins

so 17+ 2 = 19 /2 = 9.5 k-watt of free power

2-7 k-watt of risky power.

So I always try to fill that 9.5 k-watt for me and 9.5 k-watt for my partners correctly. the 2-7 of risky power is different.

i.e. I can't lose out unless I expand way way way over the 50/50 power deal. Asic gear sucks for me as the warranty is shit. gpu is safer as warranty is longer.

I am referring to profit from the new investment. Old investment back then are sure to profit.

If I invest it will be a larger solar array here in New Jersey with laws setup the way they are it is pretty much a no brainer.

The size will always be limited. Next array may be 2 acres vs the 1 ¼ one I do with buysolar. But they really can't lose money with current laws in place. In this state.

Now that we have had it up and running we have an understanding of the numbers and math involved we are leaning more towards gpus due to longer warranties and better service from gpu companies then asic companies offer.

A gpu with a 3 year warranty that will be honored looks far better to me then an asic with a 90 day warranty that gets pissed on.

How many years to break even for the solar project, on its own?

If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Sandal_Hat on February 10, 2018, 03:59:19 PM

Quote from: philipma1957 on February 10, 2018, 03:16:50 PM

Quote from: Sandal_Hat on February 10, 2018, 02:18:41 AM

Quote from: philipma1957 on February 10, 2018, 12:32:37 AM

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything. Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

I can not worry about breaking even.
I only worry about losing my profits.

The question for me is where do I buy for my power source. I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins.
Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins. All my gear is paid off.

So I have 1 limit 17kwatts.

the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer but low coin prices and high diff will affect me.

one other place to mine has a 2kwatt cap and cost is ½ the coins

so 17+ 2 = 19 /2 = 9.5 k-watt of free power

2-7 k-watt of risky power.

So I always try to fill that 9.5 k-watt for me and 9.5 k-watt for my partners correctly. the 2-7 of risky power is different.

i.e. I can't lose out unless I expand way way way over the 50/50 power deal. Asic gear sucks for me as the warranty is shit. gpu is safer as warranty is longer.

I am referring to profit from the new investment. Old investment back then are sure to profit.

If I invest it will be a larger solar array here in New Jersey with laws setup the way they are it is pretty much a no brainer.

The size will always be limited. Next array may be 2 acres vs the 1 ¼ one I do with buysolar. But they really can't lose money with current laws in place. In this state.

Now that we have had it up and running we have an understanding of the numbers and math involved we are leaning more towards gpus due to longer warranties and better service from gpu companies then asic companies offer.

A gpu with a 3 year warranty that will be honored looks far better to me then an asic with a 90 day warranty that gets pissed on.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: philipma1957 on February 10, 2018, 03:16:50 PM

Quote from: Sandal_Hat on February 10, 2018, 02:18:41 AM

Quote from: philipma1957 on February 10, 2018, 12:32:37 AM

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything. Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

I can not worry about breaking even.
I only worry about losing my profits.

The question for me is where do I buy for my power source. I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins.
Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins. All my gear is paid off.

So I have 1 limit 17kwatts.

the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer but low coin prices and high diff will affect me.

one other place to mine has a 2kwatt cap and cost is ½ the coins

so 17+ 2 = 19 /2 = 9.5 k-watt of free power

2-7 k-watt of risky power.

So I always try to fill that 9.5 k-watt for me and 9.5 k-watt for my partners correctly. the 2-7 of risky power is different.

i.e. I can't lose out unless I expand way way way over the 50/50 power deal. Asic gear sucks for me as the warranty is shit. gpu is safer as warranty is longer.

I am referring to profit from the new investment. Old investment back then are sure to profit.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Sandal_Hat on February 10, 2018, 02:18:41 AM

Quote from: philipma1957 on February 10, 2018, 12:32:37 AM

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything. Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

I can not worry about breaking even.
I only worry about losing my profits.

The question for me is where do I buy for my power source. I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins.
Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins. All my gear is paid off.

So I have 1 limit 17kwatts.

the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer but low coin prices and high diff will affect me.

one other place to mine has a 2kwatt cap and cost is ½ the coins

so 17+ 2 = 19 /2 = 9.5 k-watt of free power

2-7 k-watt of risky power.

So I always try to fill that 9.5 k-watt for me and 9.5 k-watt for my partners correctly. the 2-7 of risky power is different.

i.e. I can't lose out unless I expand way way way over the 50/50 power deal. Asic gear sucks for me as the warranty is shit. gpu is safer as warranty is longer.

dimaze

member

Activity: 181

Merit: 53

Quote from: dimaze on February 10, 2018, 01:29:25 PM

Quote from: The Demon Slick on February 10, 2018, 10:25:47 AM

Ebangs are out, we now know where the samsung 10nm chips went, 18ts at 5k usd per unit and shipping now. If the dragonminter is real, it just got outclassed and beaten to market.

Ebangs have been out and out of stock for a while. At the latest batch pricing, their Samsung chips are 90W/TH ($266/TH), where the Dragons are 92.5W/TH ($170/TH). I wouldn't recognize that as outclassed. That's over a 55% price premium for the Samsung chips for a less than three percent efficiency gain.

It's great to see more manufacturers be competitive! This is good for the market, and should reduce the $/TH for the miners all around.

Quote

Yeah but even at 5 cents electricity, it is gonna take 15 months (450 days) to break even. That is a calculation without shipping cost, PSU and VAT yet. At 450 days, they may never break even. Too many things can occur by then, assuming the miner even lasts that long...
Btc price rose 10x from last year to this year and this is the kind of low returns mining gives now. Btc is unlikely to rise 10x this year but difficulty is expected to rise more as stronger machines and more manufacturers appear.

Precisely. I personally always look at the effective coin ROI potential in a 12+ month window with fairly aggressive estimates, and many of those calculations show that it is better to buy the coins directly. Buying Dragonmints when Bitcoin was 15k+ at 2k a unit was a steal, not so much when the coin is worth less and the price of the machine is higher.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: The Demon Slick on February 10, 2018, 02:09:46 PM

I'm not counting anything not delivered as real, until people actually received ebits I wasn't counting them. Just like I'm not counting Haloong until some of you actually plug some in. Actual people have now taken actual possession of the ebit machines. They're in reality town. Of course I want more manufacturers, more competition. Who doesn't.

Dude, more manufacturers just means more difficulty which means less profits and possible losses for all miners. Everyone orders 2-3 months in advance after all. More manufacturers means alot more orders and a bigger sudden difficulty spike when they appear later. And the miners dont sell for cheaper.

Bitmain sold S9 cheap at 1500 USD back then and they had a monopoly. Now, bitmain is selling at 2300 USD and so are canaan, etc. In fact, canaan is selling higher at 3500 USD. It is almost seems as if the ASIC manufacturers realized that they wont be able to make much money from mining going forward, thus, it is better that they just sell asics at higher prices to make up for the lesser profits from mining.

By right, a monopoly should mean higher prices but heck, bitmain sold lowest when it had a stronger monopoly....

The Demon Slick

newbie

Activity: 182

Merit: 0

I'm not counting anything not delivered as real, until people actually received ebits I wasn't counting them. Just like I'm not counting Haloong until some of you actually plug some in. Actual people have now taken actual possession of the ebit machines. They're in reality town. Of course I want more manufacturers, more competition. Who doesn't.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: vegascoinpool on February 10, 2018, 05:15:23 AM

Quote from: Sandal_Hat on February 09, 2018, 12:39:39 PM

If it is real, the difficulty will skyrocket. That alone is bad for everyone because bitcoin price is no longer skyrocketing like last year. It looks more real than before.

I'm only asking this because I haven't been around to see when the new miners have come on the market and their impact on network difficulty (except the recent A3 craziness)....

...but the jump from 13-14 TH machines to 16 TH machines... do you think that's gonna be impactful as say, everyone swapping S9's for S11's, etc? Perhaps the impact will be more gradual?

This 14th to 16th isnt a big issue. The issue is that there are too many miners and too little bitcoin for everyone to mine. Thus, alot of people will probably not be breaking even.

Quote from: dimaze on February 10, 2018, 01:29:25 PM

Quote from: The Demon Slick on February 10, 2018, 10:25:47 AM

Ebangs are out, we now know where the samsung 10nm chips went, 18ts at 5k usd per unit and shipping now. If the dragonminter is real, it just got outclassed and beaten to market.

Ebangs have been out and out of stock for a while. At the latest batch pricing, their Samsung chips are 90W/TH ($266/TH), where the Dragons are 92.5W/TH ($170/TH). I wouldn't recognize that as outclassed. That's over a 55% price premium for the Samsung chips for a less than three percent efficiency gain.

It's great to see more manufacturers be competitive! This is good for the market, and should reduce the $/TH for the miners all around.

Yeah but even at 5 cents electricity, it is gonna take 15 months (450 days) to break even. That is a calculation without shipping cost, PSU and VAT yet. At 450 days, they may never break even. Too many things can occur by then, assuming the miner even lasts that long...
Btc price rose 10x from last year to this year and this is the kind of low returns mining gives now. Btc is unlikely to rise 10x this year but difficulty is expected to rise more as stronger machines and more manufacturers appear.

dimaze

member

Activity: 181

Merit: 53

Quote from: The Demon Slick on February 10, 2018, 10:25:47 AM

Ebangs are out, we now know where the samsung 10nm chips went, 18ts at 5k usd per unit and shipping now. If the dragonminter is real, it just got outclassed and beaten to market.

Ebangs have been out and out of stock for a while. At the latest batch pricing, their Samsung chips are 90W/TH ($266/TH), where the Dragons are 92.5W/TH ($170/TH). I wouldn't recognize that as outclassed. That's over a 55% price premium for the Samsung chips for a less than three percent efficiency gain.

It's great to see more manufacturers be competitive! This is good for the market, and should reduce the $/TH for the miners all around.

The Demon Slick

newbie

Activity: 182

Merit: 0

Ebangs are out, we now know where the samsung 10nm chips went, 18ts at 5k usd per unit and shipping now. If the dragonminter is real, it just got outclassed and beaten to market.

ricknamer

jr. member

Activity: 126

Merit: 1

Quote from: philipma1957 on February 10, 2018, 12:32:37 AM

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything. Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

I went this route too recently. Ordered a dual 1080(not ti) system - had a coupon too so $1,709 and had it up and running in 5 days from payment.

Just ordered 3 more for my office as the work being done on them is all spreadsheets and word - so they can mine in the background all day every day. Office computers were slated for replacement anyway.

Yes I still have S9s running in a colocation facility. Yes I will add a DragonMint or 3 when they hit the market and reliability is tested. But this was just too easy and instant of a move to make. Plus I didn't have to chase GPUs around.

vegascoinpool

member

Activity: 223

Merit: 12

Quote from: philipma1957 on February 10, 2018, 12:32:37 AM

I wonder what asic builders will end up doing about gpu mining.

Well if they ever develop ASICs for some of the other ecosystems and algos, they'll probably kill GPU mining. Surprised something for Ethereum doesn't already exist.

vegascoinpool

member

Activity: 223

Merit: 12

Quote from: Sandal_Hat on February 09, 2018, 12:39:39 PM

If it is real, the difficulty will skyrocket. That alone is bad for everyone because bitcoin price is no longer skyrocketing like last year. It looks more real than before.

I'm only asking this because I haven't been around to see when the new miners have come on the market and their impact on network difficulty (except the recent A3 craziness)....

...but the jump from 13-14 TH machines to 16 TH machines... do you think that's gonna be impactful as say, everyone swapping S9's for S11's, etc? Perhaps the impact will be more gradual?

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: philipma1957 on February 10, 2018, 12:32:37 AM

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything. Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

NotFuzzyWarm

legendary

Activity: 3822

Merit: 2703

Evil beware: We have waffles!

Quote from: HagssFIN on February 08, 2018, 09:09:29 PM

Packing those miners without a control board seems fishy as hell, and only reason I can think of is that because I've revealed that it is a Innosilicon hardware.

Along the Halong mystery miner line, remember these pictures of AMT's miners supposedly being made that were posted by Josh from AMT? Pics of the boards and such were taken at IMET, the PCB assembly house AMT contracted with. And for the record: The majority of boards produced there either failed to power up at all or died within 1 month of running.

Starts at the above and goes down several more. Those are far more credible 'proof' than what Halong has been providing. Hell, AMT even pulled out the pics of Antec cases they tried using in the beginning Wink

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything. Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Dopert

full member

Activity: 350

Merit: 100

10 second movie, lol. I missed the Dragon on the side (the other side has thd yellow/black sticker).

Yes indeed others has no HB. Does goning out for test reviews Cheesy

Also shop myrig.com ask hillarious prices for s9 and reseller prices on there dragonmint ...

SkyLakeMine

member

Activity: 99

Merit: 11

Quote from: philipma1957 on February 09, 2018, 12:26:15 PM

The gear is real.

I have to admit it does *appear* at this time that buyers will get something, maybe.

However, the last reply from @bt898 seems like its still the most probable: these are stolen inno prototypes and halong found a way to mass produce them and are even now trying to alter the controller.

Personally, I'm not going anywhere near one of these things.
I'm just not that desperate and the whole thing still stinks.

Topic: DragonMint T1 16TH/S halongmining.com - page 67. (Read 87857 times)