Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: jmigdlc99 on March 15, 2018, 07:05:54 AM



Title: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: jmigdlc99 on March 15, 2018, 07:05:54 AM
So bitmain just announced the Antminer X3.

Quote
Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

Batch 1
Delivery: May 15 onwards
Price: 7,599 USD

Batch 2
Delivery: May 15 onwards
Price: 11,999 USD

Daily profit as of writing is around $164 mining Monero.

I'll update this thread as more details come in.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: CryptoDocker on March 15, 2018, 07:11:03 AM
And so it begins! Well it just shows that Baikal and Bitmain have been responsible for the huge difficulty increases


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Shitcointalk on March 15, 2018, 07:12:06 AM
Price is $11999 for batch 1 !

$7599 is for batch 2 shipping one month later.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: master2080 on March 15, 2018, 07:12:52 AM
This looks like...a very bad idea.

Monero is about to have an algo change and they release this, how stupid do they think we are?


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: jmigdlc99 on March 15, 2018, 07:16:36 AM
This looks like...a very bad idea.

It probably is.
Esp. with that 3 month delivery lead time.

Daily profit with 220kh and 550w as of today rate is around $164 USD.
Who knows what it'll be 3 months from now?

It may not even be useable anymore if cryptonight coins fork their code.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: JacobHarding1978 on March 15, 2018, 07:18:13 AM
Haha....

Bitmain at it again. Drop the dime on the floor and vefore it hits they announce a new miner.

12k WTF!!!!!!

Its going to do what d3,l3,a3 did.  Oh am I sounding like a scratched record?

Run run as fast as you can....cos this machine is gonna make you a poor man. Lol.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Prelude on March 15, 2018, 07:21:41 AM
Gotta love how these CN ASICs are being sold as they're rendered useless by CN algo changes!   ;D ;D ;D ;D


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: NoIdeaAsWell on March 15, 2018, 07:22:53 AM
LeL

Buy this at the crazy price with all things considered, and next new algo asic one will be tripled or more !!!



Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Marvell2 on March 15, 2018, 07:24:37 AM
And so it begins! Well it just shows that Baikal and Bitmain have been responsible for the huge difficulty increases

yup they probably have been running these bitches for six months or longer in some form another
it just goes to show , all these gpu shortages we are seeing are upstream supply chain shortages
basically bitmain ia buying up alot of the ram needed for regulular gpus


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Apprentice on March 15, 2018, 07:25:22 AM
yeah.

Not worth it to buy batch 2.

Even with batch 1, the diff will increase fast and that $165 will drop.

at $12k, on top of the shipping, custom duties will be very high! need to calculate that too.



Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: DevelopmentBank on March 15, 2018, 07:27:54 AM
Makes you think how long bitmain has used these ASICs for themselves. They could have earned a lot by now.
This is probably one of the reasons why mining cryptonight has been massively less profitable lately.

Too bad for those who bought the RX VEGA for mining cryptonight.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Suslived on March 15, 2018, 07:30:04 AM
You just gotta love how there are not one but two threads on this.

Bitmain sure brings the hype to the crypto markets. Can't wait for some new and more professional mining company to blow them away.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: ruplikminer on March 15, 2018, 07:57:30 AM
A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: DevelopmentBank on March 15, 2018, 08:15:52 AM
A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  ???


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Prelude on March 15, 2018, 08:17:42 AM
A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  ???

It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: pikachuy on March 15, 2018, 08:18:36 AM
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  ???

It's called money laundering, easiest way is to pay high value door stoppers.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Suslived on March 15, 2018, 08:23:36 AM
A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  ???

It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork.

But i've read some people argue that there are simple workarounds that can be made to overcome whatever the monero team does?
It seems the argument was that cryptonight, by nature, is no longer ASIC-proof now that they've found a way to do it.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: huntingthesnark on March 15, 2018, 08:25:59 AM
Makes you think how long bitmain has used these ASICs for themselves. They could have earned a lot by now.
This is probably one of the reasons why mining cryptonight has been massively less profitable lately.

Too bad for those who bought the RX VEGA for mining cryptonight.

Well, depends when you bought them. If you did back in sept/oct last year then you will have ROIed some time ago. But yeah, recent diff rises are clearly related to BM 'testing' these...


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: romankosoj on March 15, 2018, 08:29:00 AM
Xaxaxax, xapдфopк peшaeт вcё, нe пoкyпaйтe иx, кpиптoнoт дocтaтoчнo измeнить или измeнить фopмaт oбмeнa дaнными и oни cтaнyт нeaктyaльныe!
Я дyмaю этим пocтoм, я oтpoю мнoгим oвнepaм глaзa, кaк избaвить cвoи мoнeты oт нaзoйливыx acикoв )

Hahahah, hardfork decides everything, do not buy them, cryptonote just change or change the format of data exchange and they will become irrelevant!
I think this post, I will open many eyes to the lambs, how to rid my coins of importunate asic's)


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: rossjamie on March 15, 2018, 08:45:09 AM
Last time in 2015 I mine this algo by ivy bridge laptop and I still can get arround 0.0001 BTC daily. But some greedy chinese playing with ASIC Now and GPU is dead.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: shaninium on March 15, 2018, 09:13:10 AM
Everybody just buy 12k worth of btc @ 5-6k instead of this gamble. By late may/june youd be better off then buying 1 of these. Saves power too. All you have to do is hold. Yes its not as exciting as mining or waiting for a kickass miner but gambling is exciting too, until you lose.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Prelude on March 15, 2018, 09:16:13 AM
A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  ???

It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork.

But i've read some people argue that there are simple workarounds that can be made to overcome whatever the monero team does?
It seems the argument was that cryptonight, by nature, is no longer ASIC-proof now that they've found a way to do it.

Those people are 100% wrong. You can't reprogram an ASIC.

If an ASIC is built to answer 2+2=4, it is unable to answer 2+3=5.

Nothing is ASIC proof, only ASIC resistant. And Monero is resisting in a big way by changing the algorithm and making these ASICs completely worthless/useless.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: invisiblefriend321 on March 15, 2018, 10:35:41 AM
A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  ???

It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork.

But i've read some people argue that there are simple workarounds that can be made to overcome whatever the monero team does?
It seems the argument was that cryptonight, by nature, is no longer ASIC-proof now that they've found a way to do it.

Those people are 100% wrong. You can't reprogram an ASIC.

If an ASIC is built to answer 2+2=4, it is unable to answer 2+3=5.

Nothing is ASIC proof, only ASIC resistant. And Monero is resisting in a big way by changing the algorithm and making these ASICs completely worthless/useless.

if they could change also

the D3 machines would all be running new firmware

but its IMPOSSIBLE 


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: RealKariverson on March 15, 2018, 10:45:00 AM
This deems the end of individual household mining. Bitmain finally killed it. Cryptonight is going to be useless to mine now with GPUs and everyone is going to switch to EthHash making it useless too.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: crocozino on March 15, 2018, 10:46:08 AM
yeap, that is happening again with another algo, which ASICs are going to destroy!
damn bitmain, I hope they will suffer someday, cause all miner will be very well  aware that those ASICs never paid off.
and so they will stop order this piece of crap any more..


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: noctrex on March 15, 2018, 01:58:49 PM
That's why Monero, and the other coins using CryptoNight, are already implementing changes to the algo, so that these ASIC's will be essentially useless.

Official Announcement: https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Countdown: http://xmr.noctism.com


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Palmerson on March 15, 2018, 02:13:47 PM
I do not recommend spending such money on the purchase of Antminer X3. First $ 12,000 is too much to throw away. Secondly, the connection to the operation of such asics will significantly increase the complexity of the network. You'll never get that money back. In addition, it can cause the death of many coins. Perhaps they will begin to apply protection from asics.


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: JacobHarding1978 on March 16, 2018, 09:15:32 AM
Holy flop!!

Well botmain is apprently sold out of the batches. Yeah right either people are stupid or bitmain just realised they made a bad investment.

I bought my first miner...yep the a3. And i think i made a mistake.

I wont make it again.

Lets wait and see if they 'reopen' the sales again


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: Goool on March 16, 2018, 09:21:13 AM
I do not recommend spending such money on the purchase of Antminer X3. First $ 12,000 is too much to throw away. Secondly, the connection to the operation of such asics will significantly increase the complexity of the network. You'll never get that money back. In addition, it can cause the death of many coins. Perhaps they will begin to apply protection from asics.

Better buy a car repair it and re-sell it with this amount of money .....
$2000 yes i can pay but more than this NO NO you should be crazy paying for ASICS more


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: comby on March 18, 2018, 05:59:34 PM
Anyone knows if bitmain will put the price of 11999 USD on the batch 1 instead of 3000 USD (what is the real price now, cause they payout the difference) ?

That would be a huge difference due to customs / tax


Title: Re: Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!
Post by: shaninium on March 18, 2018, 06:31:02 PM
Anyone knows if bitmain will put the price of 11999 USD on the batch 1 instead of 3000 USD (what is the real price now, cause they payout the difference) ?

That would be a huge difference due to customs / tax

 Shipping is a long time away for x3 so they will put 3k on import declaration form. Yes 12k in import taxes is massive compared to 3k. Thats why its cheaper sometimes to buy from a reseller liks eastshore.xyz as anything they deliver wont incur taxes at all or barely.