USELESS HEATER : ANTMINER D3 , WHAT IS NEXT ? - page 7.

Vann

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Quote from: mcan on November 04, 2017, 04:44:33 PM

Bitmain used their references, history or good feedbacks to sell D3 . And if a miner is already useless before delivery this is clearly fraud. Because they are not innosilicon or whatever else, and i am not only one who bought d3 , old bitmain clients also bought d3 .Because company created trust , then used this for fraud.

Ok what is next , so many people lost money due to this company's latest action , is there any one have an any idea what to do?

Bitmain offered for sale and YOU bought a X11 ASIC miner scheduled November delivery and that's exactly what Bitmain is delivering to you. In fact given the new miner batch is getting 19.3 GH/s, Bitmain over delivered on their product. ASIC's are advanced mining hardware and it's assumed you should know what you are getting in to. There is no guarantee of profits in any kind of mining.

mcan

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Bitmain used their references, history or good feedbacks to sell D3 . And if a miner is already useless before delivery this is clearly fraud. Because they are not innosilicon or whatever else, and i am not only one who bought d3 , old bitmain clients also bought d3 .Because company created trust , then used this for fraud.

Ok what is next , so many people lost money due to this company's latest action , is there any one have an any idea what to do?

B1tUnl0ck3r

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Activity: 854

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liife threw a tempest at you? be a coconut !

Quote from: bathrobehero on November 04, 2017, 04:28:24 PM

Quote from: Mr_Snipes on November 04, 2017, 03:31:08 PM

You can be glad you did not order a inno miner for 10k which does 30GH and is not even out.
Bitmain wanted to burn the competition and threw out so many D3. They achieved it.
They do the same they did with competition for Bitcoin-asics some time ago- flood the market with their miners for cheap price so ROI is impossible for the other buyers.
Now BM has even delisted the D3, they very well knew what they are doing and stopped selling them now. The bombs have fallen. But not all of them - yet.

I wonder how many ASIC manufacturers also use the first batches to mine themselves and make way more than selling the hardware right away.

Also, I coulnd't find info but it's estimated the D3's use a 28nm fabrication process while the S9's are using a 16nm process. So there might be 16nm (or even more efficient ASICs) X11 ASICs on the way or even already working in private hands. We just don't know, we can only see the difficulty but we don't know the numbers behind each company.

I think the ASIC bubble will pop soon for Bitcoin as well and people will realize they can only earn peanuts after the big boys funding their ASICs discard them once they're done. And while having more ASIC manufacturer is certainly better on paper, the possible profits to be made (and investments to be lost) makes the nature of the competition so cutthroat I think where most ASICs will eventually go to a couple of private hands instead to home miners.

ALL OF THEM ! Why wouldn't they? everyone can build his own miner... they all started and very recently from nothing.

Is it possible if an asic is well clean with air spray to know if it was used already? it could be "testing"...

but frankly all who got caught took the bet, and maybe who knows may recoup their losses... but I hope they did their homework before buying it blindly. And at least will learn from the experience, and more than that share it with others, like so many did with past miners.

bathrobehero

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ICO? Not even once.

Quote from: Mr_Snipes on November 04, 2017, 03:31:08 PM

You can be glad you did not order a inno miner for 10k which does 30GH and is not even out.
Bitmain wanted to burn the competition and threw out so many D3. They achieved it.
They do the same they did with competition for Bitcoin-asics some time ago- flood the market with their miners for cheap price so ROI is impossible for the other buyers.
Now BM has even delisted the D3, they very well knew what they are doing and stopped selling them now. The bombs have fallen. But not all of them - yet.

I wonder how many ASIC manufacturers also use the first batches to mine themselves and make way more than selling the hardware right away.

Also, I coulnd't find info but it's estimated the D3's use a 28nm fabrication process while the S9's are using a 16nm process. So there might be 16nm (or even more efficient ASICs) X11 ASICs on the way or even already working in private hands. We just don't know, we can only see the difficulty but we don't know the numbers behind each company.

I think the ASIC bubble will pop soon for Bitcoin as well and people will realize they can only earn peanuts after the big boys funding their ASICs discard them once they're done. And while having more ASIC manufacturer is certainly better on paper, the possible profits to be made (and investments to be lost) makes the nature of the competition so cutthroat I think where most ASICs will eventually go to a couple of private hands instead to home miners.

Mr_Snipes

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Quote from: Chan8 on November 04, 2017, 03:55:37 PM

Quote from: Mr_Snipes on November 04, 2017, 03:31:08 PM

You can be glad you did not order a inno miner for 10k which does 30GH and is not even out.
Bitmain wanted to burn the competition and threw out so many D3. They achieved it.
They do the same they did with competition for Bitcoin-asics some time ago- flood the market with their miners for cheap price so ROI is impossible for the other buyers.
Now BM has even delisted the D3, they very well knew what they are doing and stopped selling them now. The bombs have fallen. But not all of them - yet.

Wow so thats what happened. First time getting caught up in this miner manufacturer war, and its not a good feeling right now. But i still have hope, and believe in holding dash for long term anyways.
You mentioned bitmain did this to other manufacturering company? Can you give me more details regarding this.
What was the competitors name and model of bitmain and competitor's model miners?
I would like to do some research into this.
Was the units bitmain pumping out that time as bad as the d3 profitably currently?

It was the time of Avalon vs Bitmain i think. Now Avalon is a nice memory of the past.

B1tUnl0ck3r

sr. member

Activity: 854

Merit: 277

liife threw a tempest at you? be a coconut !

I really sympathize with your losses. for bitcoin there is asic competition from public and private hardware... Dash, even without taking into account the release, is way less interesting that pivx... POS no asics and of course has moved beyond masternode mixing for zerocoin protocol, way better.

Staking won the privacy race.

But still, you could have bought pivx and be happy, but you chose to play the asic game.

For me it's a good thing, your money went to where it will better used (bitmain), it's just market at work.

Chan8

sr. member

Activity: 378

Merit: 250

Quote from: Mr_Snipes on November 04, 2017, 03:31:08 PM

You can be glad you did not order a inno miner for 10k which does 30GH and is not even out.
Bitmain wanted to burn the competition and threw out so many D3. They achieved it.
They do the same they did with competition for Bitcoin-asics some time ago- flood the market with their miners for cheap price so ROI is impossible for the other buyers.
Now BM has even delisted the D3, they very well knew what they are doing and stopped selling them now. The bombs have fallen. But not all of them - yet.

Wow so thats what happened. First time getting caught up in this miner manufacturer war, and its not a good feeling right now. But i still have hope, and believe in holding dash for long term anyways.
You mentioned bitmain did this to other manufacturering company? Can you give me more details regarding this.
What was the competitors name and model of bitmain and competitor's model miners?
I would like to do some research into this.
Was the units bitmain pumping out that time as bad as the d3 profitably currently?

Mr_Snipes

full member

Activity: 280

Merit: 100

You can be glad you did not order a inno miner for 10k which does 30GH and is not even out.
Bitmain wanted to burn the competition and threw out so many D3. They achieved it.
They do the same they did with competition for Bitcoin-asics some time ago- flood the market with their miners for cheap price so ROI is impossible for the other buyers.
Now BM has even delisted the D3, they very well knew what they are doing and stopped selling them now. The bombs have fallen. But not all of them - yet.

mcan

member

Activity: 70

Merit: 10

Quote from: lunobird on November 04, 2017, 02:58:03 PM

Stop blaming others for your own bad decisions. The flaw was thinking mining is lucrative and profitable and you did what everyone else was doing. That's not always the case even with asics. They tend to work on slim margins and profits for the short term and hold long term. Often times you will make more buying the coin instead of mining it.

When you take on the role as a miner you do it to build a strong miner support trend line on the price of the coin. Which is good in the long run and your accumulated supply. Never go all in on mining that was my first mistake. Always buy some coins also.

I feel bad for those that spent 6k for a dash miner but that was their own dumb decision to pay the 2nd hand high premium.

Don't blame bitmain for your lack of profits. GPU mining had it worst we were down to $2 dollar a day zcash with a 1080 ti.

I dont think so, exactly need to blame Bitmain and their supporters. Logic of mining, it should make some income. I dont talk about profit , because we should talk about loss when we were talking about antminer d3.
So also bitmain sold many units and this is directly related with their policy. Before they sold other miners step by step , do you know why ? because to get customers confidence. if every bitmain products will bring loss , are you going to buy anyway ? of course not incase of you are not dumb.

lunobird

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Stop blaming others for your own bad decisions. The flaw was thinking mining is lucrative and profitable and you did what everyone else was doing. That's not always the case even with asics. They tend to work on slim margins and profits for the short term and hold long term. Often times you will make more buying the coin instead of mining it.

When you take on the role as a miner you do it to build a strong miner support trend line on the price of the coin. Which is good in the long run and your accumulated supply. Never go all in on mining that was my first mistake. Always buy some coins also.

I feel bad for those that spent 6k for a dash miner but that was their own dumb decision to pay the 2nd hand high premium.

Don't blame bitmain for your lack of profits. GPU mining had it worst we were down to $2 dollar a day zcash with a 1080 ti.

Vann

hero member

Activity: 1036

Merit: 606

The problem is DASH is a bad coin to mine with ASIC's. In addition to the difficulty adjustment that uses DGW, the block reward also adjusts with every block and is based on the total network hash rate. The higher the hash rate, the LOWER the block reward is. With tons of new ASIC's joining the pool, it's a race to the bottom in terms of the mining reward.

Quote

In a nutshell: the number of coins mined per block depends on the mining difficulty (which itself is based on global hash-rate for Dash) of the last block. Low difficulty means more coins per block, hight difficulty less coins. Additionally there's yearly decline of about 7% coins per block.

https://www.dash.org/forum/threads/total-dash-per-day-reward.14973/#post-127264

https://dashpay.atlassian.net/wiki/spaces/DOC/pages/1146926/Dark+Gravity+Wave

mcan

member

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all such result is related with how many unit that they sold.
So i can say that this company crook, because there were not such issue in their previous products so they exactly used people's confidence that comes from their other products , and screwed many people by Antminer d3.
Maybe we can do something about this one , maybe need to send some email to related accounts about tax evading by bitcoin payments . so if many people will send such mails and their scams , we can take revenge.

Chan8

sr. member

Activity: 378

Merit: 250

Yeah we are pretty much fukd.. but at the end of the day, bitmain will not compensate you nor will they entertain refund requests. That is clearly stated on their t&c already.
The only way we can see profit is to mine the x11 coins and hold till it reaches a certain price. Its going to be a long bumpy ride to roi. But we will get there eventually.

mcan

member

Activity: 70

Merit: 10

it does not matter what they said or not, are you buying any miner which makes not profit but loss ?
So no need to think complicated and this is why they already removed link for ANTMINER D3 from their site. Because it is USELESS . so this is a real problem because who bought antminer d3 november or what every bitmain will loose their confidence . And if customer satisfaction or confidence is nothing so no need to say anything.

Vann

hero member

Activity: 1036

Merit: 606

$4 a day? That sound optimistic. If your power is 0.20 cents/kW, your current profit with the 19.3 GH/s batch at 1200 W is less than $1 a day.

https://www.coinwarz.com/calculators/dash-mining-calculator/?h=19300.00&p=1200.00&pc=0.20&pf=3.00&d=27742603.21356480&r=1.80147602&er=0.03700200&btcer=7419.54010000&hc=2100.00

Guess you're going to have to HODL.

NeuroticFish

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Quote from: mcan on November 04, 2017, 01:19:25 PM

Hello ,
I am still waiting ANTMINER D3 november batch , bitmain did not sent it yet but ANTMINER D3 income is already reduced to 3-4usd per day . If i calculate custom tax , shipping etc etc.. 2100usd / 4 = will never roi . So this is not ok for me.
Everybody is buying such miner to make some profit or at least not make loss.
I dont need some adviced needs time machine like "you shouldnt buy ,if you blabla" .
Since we are their clients and since many their clients not happy , there should be a way . So what is next? what can be done ?

Best regards.

Well, you have bought a device. They don't care of the price and difficulty (of course they do, but they will never admit it), they only sell hardware.
Did you agree to get the ANTMINER this late? Or did you agree to get it no matter what and no matter how late? Read all again. If you didn't agree, if they are late and it's their fault, not Post's, I guess that there can be a way to not accept the product and get your money back.
But there are a lot of IFs there, you have some homework to do.

mcan

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Merit: 10

Hello ,
I am still waiting ANTMINER D3 november batch , bitmain did not sent it yet but ANTMINER D3 income is already reduced to 3-4usd per day . If i calculate custom tax , shipping etc etc.. 2100usd / 4 = will never roi . So this is not ok for me.
Everybody is buying such miner to make some profit or at least not make loss.
I dont need some adviced needs time machine like "you shouldnt buy ,if you blabla" .
Since we are their clients and since many their clients not happy , there should be a way . So what is next? what can be done ?

Best regards.

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