Bitcoin Forum

Hello

i just got a email from a friend in China who suggest me to wait and not buy Baikal Giant Plus 2000 Mhs because apparently Baikal is going to have a surprise come back with massive capacity new miner to gain back its place in the Dash Asic mining and show who is the boss.

Please confirm if you have also heard this? I remember that when iBelink was to release the massive 10.8 Ghs and some Russian posted in forum then everybody was thinking its not true but apparently just after a month iBelink released it.

Whats your advice

Thanks.

It would be great if Baikal will release new miner, as they do good things, but I have not heard anything about it

No. I don't think so.

It would be a little pointless as the DASH x11 hash rate will be not worth mining after October. ;)

But if l look in past such rumors are always initiated by companies themselves to prepare the customers and then they release it. Remember baikal is multi algo miner so x11 difficulty does not matter and by the way difficulty keeps increasing, its a general rule.

The problem is one, $/Mhs price, if it is coherent with the price of the other competitors the will sell the miners otherwise.... NO ROI NO PARTY  ;D

They are trying to sell their Giant+ at $4000 at the moment. Considering that all their other miners were sold out instantly and they are now actively emailing people trying to sell the Giant+ I think it's safe to say that the Giant+ hasn't sold as much as they expected.

If they really have another miner almost ready I would expect a price drop for the Giant+ very soon, so we'll see...

Baikal is done, once bitmain is in town it's game over for pretty much everyone else.

their 2 Gh/s miner was sold in China only, and to "friends" or busines partners there, while being kept a secret.

They played the game and they overplayed their hand. Now They're paying the price for it. One of those things isnt worth much over $1000, maybe $1200, at todays and especially October's hash rates.

Kept the miner from the public eye for too long, no one knew about it, and only a few select guys in China had units.

Then they saw the Ibelinks starting to ship out, the difficulty increasing, and they tried to dump their 2gh/s miners for $7000 a piece....a price based on the April 2017 hash rates. Cue Innosilicon announcement, cue Bitmain announcement, and their 2gh/s machines are all of a sudden not worth much more than the price of manufacturing.

Also agreed, once Bitmain comes in, its game over for the little guys.

I can see a possibility of Baikal working on and releasing a "next generation" miner - but they're behind the curve at this point, they are going to have to come out with something VERY impressive on efficiency or they are going to have to compete on price a LOT better than they have been.

I think that Baikal selling a miner that you can buy now in real time with five days delivery and have it running by the end of next week is good.

Anything beyond that at whatever hash is just speculation. And that is if it actually turns up at your house.

Think delays.  ;D

2 GH in the hand is better than 12 GH in theory. The ROI at the moment is literally 44 days on the Baikal. Who knows what it is in a month...let alone two or three.

I'm going to gloat over the death of Baikal. They suck so much. They cannot increase their mining speed 10x, they do not have the tech.

HAHAHAHAH 44 days  ;D ;D ;D ;D ;D ;D ;D ;D . Do you work for BAIKAL?

Lol, not sure where the 44 days come from. Even Nicehash's calculator, which is based on past 30 days profitability says something like 120 days for 2GH at $4000.

At $4000 this thing will never ROI. At $2000 it might just about make it's price back. At $1000 I would buy a few  ;D

Seems to be that Giant+ is still on sale.
$4000 is to much

No. If you can't work out the ROI, it seems plain to me why you are not buying.

You know that it mines other algos, right?

I agree that you should wait. It is not your time. :-\

I think you are looking in the wrong places. And using the wrong calculator.

I ordered two and they arrive on Monday. Mine are bought from mining profits in DASH.

LARPing about buying and actually doing it are two different things. If I had procrastinated and made excuses last year I would have never bought Quads. There were plenty of 'Nicehash' calculations then too suggesting that I couldn't make money. ::)

Enlighten me then, what do you plan on mining with the Giant+?

I will help you if you want. How about Deep Onion for a start? I am not kidding.

You don't make money mining coins to sell at today's prices into the market and follow the hash down. A big producer might do this, but intuitive mining is far better.

If you are looking for gold deposits after the market for gold has boomed, you are making a substandard investment.

Having said that, I will probably mine DASH to get the actual coins as the price fluctuates up...or if it goes down I sell what is going up to buy good coins for the future.

Happy to elaborate if you are not trolling, or PM me if you decide to buy.  :)

I'm not trolling, but what you are suggesting is highly speculative. Yes, DeepOnion might take off, yes, Dash prices might increase etc., but the opposite could also be true.

When talking about ROI, I am talking about guaranteed (as far as that is possible) ROI, I want to know that after X months I have my money back, not after X months I have a bunch of coins that might or might not be worth something in the future.

Not saying your way is wrong, it's just a different philosophy...

Crypto is highly speculative. Turning on the miners and expecting a set piece profit is not a reality.

However, when all that X11 gets turned on, there will be tears. This is the scenario that you describe.

The Baikal miner has 5 more algos to choose from after that. ;D

There are always more coins. Mine them and sell into the market when the price is right to buy what you want when it drops.

A linear view of ROI against an uncertain risk profile will always mean you will not invest. ;)

Yeah, I see where you're coming from. Of course there is always uncertainty. But that doesn't mean any price for a miner is justified.

Quad-CUBEs were $3200 for 1.2GH, and that was months ago. Baikal then offered the Giant+ for $7000 for 2GH, which was laughable. They now slashed that to $4000, but even that is barely lower than the Quad-CUBEs in terms of $/GH. And as I said that was months ago. Miner value depreciates very quickly, especially when other companies release competitor products (yes, only one of the algos, but the biggest one).

That's why I said, at $2000 for a Giant+ I would begin to consider it, and at $1000 I would consider it a great deal...  ;)

I like you NoxX. Get some miners. They will never be the price of Quads again.

By the way, I bought my Quads for $2000 each. I was getting a dash per day for a while with 2 Quads and a mini.

Unless that mined Crypto becomes Fiat (AUD for me) it is not real. So paying Baikal for miners in rl in funny money (DASH) is just that. ;D

I agree with you mate! Duck them...
They want to play in their elite club, go for it. Let bitmain kill them!

DIY mining rigs are more profitable then Baikal Asics.
After mining is not profitable you can play games and sell them easyly.
Make your own rig dude.

anybody succeeded in mining with Baikal?     Dash difficulty increased a lot!  :o :o

It is still happening for me, but I am way down the road of speculative mining. I am also looking forward to the next Baikal.  ;D

Think x13 and quark. Profits still to be found in X11 if you don't follow the crowd.

x13 is for GPUs?  or asics

X13 is Baikal ASICs. I don't think any other ASIC can do X13, but some people have speculated that since X11 and X13 are similar it might be possible for some X11 miners to get X13 support via a firmware upgrade at some point.

I remember one time I saw a INNOSILICON A5 Dash Miner (They go up to 30GH) in person and I have to say it was a beast.  You could quickly mine dash with one but they are very hard to find. If you are just starting to mine I recommend GPU mining or starting with a smaller miner.

 X13 INCLUDES the 11 algorithms of X11 - plus 2 more.
 X15 is also similar - take X13 and add 2 MORE algorithms.

 The only reason the Bailkal can do all 3 is that it was designed to do X15 from the start - I doubt most of the other X11 miners include the other needed algorithms, it's NOT just a "firmware" upgrade if they don't it's a "need a new ASIC chip".

 Neat trick since Innosilicon is not shipping the A5 yet (though I think they have a video of a PROTOTYPE floating around somewhere).

yes, they announced it simutaneously with Bitmain - not to be left behind, but did not manage to ship to the buyers on promised dates.

And Bitmain shipped earlier as expected.

i bought 2x IBeLink DM22Gh X11 for 3800$ each and i dont care about that baikal sh**t