Bitcoin Forum

It looks like not only did Halongmining reveal the X1 miner but today they also revealed the X2 scheduled for April 25th release. Looks like a much better buy then Bitmains garbage. The only question is which coins will be mine-able by then? I know Monero and a few other coins will be forking withing the coming days/months but if all these miners are still on the network hashing for the few coins that are left I think they won't be profitable at all. There are now 4 cryptonite miners scheduled for release in the next few months.

https://halongmining.com/shop/dragonmint-x2-miner/

which other two besides halong and Bitmain?>

Kill these f**ots, or they will kill GPU mining

Everyone is focusin on Monero only but there are other coins that can be mined with Cryptonight. Sumocoin for example. It's also much more profitable than Monero.

Dude, find out their daily trading volume and compare with monero.

It's much lower but still acceptable. And once Monero will fork the volume of the other Cryptonight coins will increase fo sho

You won't get ANY money from much smaller coins when these asics are in the wild. One single Bitmain asic = 100 Vega GPUs.

Pinidea and baikal

If anyone is curious about the PinIdea model, all you need to know is that the miner hashes at a fraction of the speed of a Bitmain, Dragonmint or Baikal miner and still takes roughly the same amount of power (55kh/s @ ~330W on CryptoNight-Lite, same thing with the fork). It's also priced insanely horribly at .3BTC, and interestingly enough they use the same pics on their CryptoNight miner as one listing for their DR-100 (sold out, should be right under the CryptoNight miner in their webshop). I didn't even know PinIdea was temporarily in the game before I looked up the device, here's the link to the miner.

https://shop.pinidea.io/index.php/product/asic-cryptonight-miner-rr-200/

Now my question is: should I order 2/3 more GTX 1070Ti or one  Dragonmint X1?  I know a lot of people HATES the ASICs but I would love some honest opinions.

Some people go for 7:3 GPU:ASIC ratio in their portfolio.
Definitely don’t put all your eggs in one basket.

Depends what price you can get the 1070Tis at. The X1's going to be insanely risky if you choose to buy it, and the 1070Ti makes around 80 cents as of today mining, after electrical costs of $.10/kWh. Assuming you get your 1070Tis at ~$500 you aren't going to break even for more than 12 months, and that's if mining profitability doesn't continue to go down. I'd actually suggest not putting more money into mining right now as things are all  high risk and low reward. Buying any CryptoNight ASIC right now is essentially gambling.

If they offer an April Batch, when those ASICs arrive to buyers, the diff, for some small coins what left in todays Cryptonight setup will be so high that You will not cover the shipping costs.

Hmmm. probably sea shipping from China or air? From 28th April I understoon many Cryptonight coins won't support same POW so you can't mine them with this ASIC. Also there's no information about warranty. Usually ASICs have just 60-90 days of warranty and if one of the hashboards die then you have to send with your own cost all the machine back to China and when you get it back the profitability isn't that any more. Well, very risky business. I've heard also that Chinese ASIC sellers almost never ship on time.

I decided to take my bet on this machine. The x1. This one worries me way less than the ones mining Sia coin and Decreed. Even if Monero will fork there are many other coins that can be mined.

From my point of view this one is the best bet at the moment.

How are any of you even considering Dragonmint??? They have not released one single ASIC yet. Don’t be surprised if this company goes under and runs away with everyone’s money!! Very risky. Every time Bitmain come out with something they release news that they have a better one but nothing in production yet....

There's plenty of proof out there that at the very least their 16TH/S BTC miner is legit, and philipma1957 is waiting on a demo unit that he'll review once he gets it. A few pages in this thread should get you caught up. Starting from the most recent should help the most; everything they've mentioned about that particular miner makes sense, including the part where they mention the miners utilize AsicBoost to achieve the efficiency they advertise. They seem somewhat reputable as of now, but there is still some risk involved. It's not nearly as bad as when Halong only had some blurry videos of their miners hashing away a few months ago, though. I personally find it extremely unlikely that Halong's a scam.

https://bitcointalk.org/index.php?topic=2443327.

Possibly not a scam but they have now released press about 3 or 4 different ASIC units without one unit on the market. Granted I know Obelisk have done the same but it seems to me these guys are looking for funding to build the technology to do what they say first. I just don’t get how they can be given so much credit without proof?

They've got a representative from MyRig (Yoshi), which is a reputable and legitimate site that I've bought from many times and offers repair services based in Colorado (paid, but better and quicker than Bitmain's for Americans), and they certainly do have proof that at least their BTC miner is legit. Their Twitter page and Youtube channel shows proof of their miners hashing, including the B29 (which is a bit dated), just seems they haven't delivered miners yet, though they seem to be near that step. At the very minimum they've got miners that actually work, so their miners aren't vaporware. Once we get towards the end of March and April we'll start hearing more from Halong and customers that receive their ordered miners.

YT: https://www.youtube.com/channel/UCaLmTS38DfxJSEeW5rHDPLQ

Twitter: https://twitter.com/halongmining?lang=en

Another way to look at it is this: most all miner manufacturers sell preorders nowadays, and taking a short look at all the upcoming CryptoNight miners confirms this (it's been true for as long as I've been in mining). Halong's doing just that, and they've provided at least some preliminary proof their miners are legit, and they're backed by a trusted service.

I ordered an X1, with not only the suspicion but the full assumption that Monero would fork. I was hoping that either ETN or TRTL wouldn't but I think both have at this point. *shrug* I'll figure out what to mine when it arrives I guess.

you are screwed anyway...coins that will not forked will get unprofitable by the asics switching from monero

well, yeah, that's why I got the cheapest one. I was basically buying an expensive space heater that would hopefully let me get a bunch of some random smaller coins...

I did the same. Ordered 3 space heaters. I hope they can make my house warm!!!!! :D

where you ordered ? for how much ? in the website it show out of stock

I'm fairly sure they're just sold out at the moment. I think they may have bit off more than they can chew with their first batch of SHA miners, they're probably behind on manufacturing. Or they realized how unprofitable it would be after monero forked and decided not to produce a second batch...

Yup, my plan as well. I have an S5 in the living room that I turn on when it's too cold for the rigs to keep the house warm enough, figured this could go in the bedroom...

Actually  I will keep my 2 X1 in my growing room. I need my plants to stay hot!

Hahaha, I was LITERALLY just thinking about that earlier today. The lamps keep my plants pretty warm, though; however, I am now thinking of an outdoor greenhouse for other plants and just ducting the hot air into it...

I could use it also to heat my Iguana room. Not sure if she would enjoy the noise tho... hmmmmm....gonna ask her.

At that wattage they may not be that loud and/or workable with aftermarket fans, like the S5 is. Or you can use insulated ducts, that kills a ton of noise, and just keep the thing in a box or another room.

Why they removed X2 from their website?

Hello,

for dragonmint x1 and x2 some customer have received  email  for cancelled order and have choice to refund the money or can be buy other product of halons mining. if its for all customer Halong have make good option and the company are honest .sorry for my english i write in french .

Yeah, I got this email as well. A little bummed, but honestly since everyone is forking away from the algo I'd rather have the BTC back at this point, so it all worked out...

are they legit? i havent received any email  :-\

I received an email from Halong Mining for DragonMint X1 order.

// Start //

Our valued customer,

As excited as we were to fulfill orders for X1 and X2 miners, unfortunately unforeseen issues arose in their production, which caused a significant delay in the manufacturing and shipment timeline. We understand that the mining difficulty would continue to raise sharply during the delay, which is why we are offering to refund your order in full.

For a refund, please reply to this email with your order number and Bitcoin (BTC) return wallet address. A specialist will contact you shortly to secure any additional identifying information if required.

In lieu of the above, you may reply to this email with a request to convert your order of an X Series miner into a B29, B52 or T1 miner at a discounted rate.

We want to thank you for putting your faith in us and sincerely apologize for the inconvenience.

Richard Hogan
Halong Mining

// End //

Did any of you also receive this?

i received this choice to Myrig for me , any how much its the dragonmint b29 ?

Yes just received. Too bad they cancelled, Innosilicon A8+ has same spec

Maybe because these are same machines, just with a different name brand on it.

Perhaps Innosilicon wanted to sell all the machines as A8+ s , and there were no units left for Halong Mining?  ::)

I think the design is different, A8+ is double barrel casing but same spec  :-\

Trust me, Halong and Inno miners are the same.

We don't know if the Dragonmint was also actually two steel tube cases tied together as well.

Yup. I got paid back within about 5 minutes of replying to the email.

If you didn't get an email, write support through the site, they'll get back to you.

I also received a prompt refund so very happy with Halong Mining even though I did not receive the minder they made things right in extremely good time. Good think I did not order T1 as T2 out but price of all the miners will still drop I think so going to wait it out.

a) They told me 10-20 business days for wire transfer to refund my X2. When sending the money, it was 2 days. They just hijack the money.

b) With wire transfer the extra charges were excessive. Shipping at USD 300 while Bitmain charges USD 100 on the same route. The surchages for crypto were also > 5%.

c) Halong started SIA Mining with 500 B52 mid march and still have some 200 online (https://siamining.com/addresses/0104ceeee0c1335e6770b9e620baa87615e1780ea1a5e6bca2df2651c92313f9c3aa56865535). They had 1.8 TH for 10 days in march before delivering, accounting for > 10% of the network hashrate thus driving difficulty. This is not a test but collection a large pile of coins with miners paid by customers. Total > USD 300k in SIA just for this.

a) and b) are not professional, but c) is what many alledge Bitmain of doing: Mining while profitable at own account, shipping when difficulty is up.

this is wild. good find.

You have receive your payement , because for me i never received payement , i waiting at the 10 may and after i contact halong, because its Myrig have make invoice for X2.