Bitcoin Forum

https://shop.bitmain.com/product/detail?pid=000201810311345082643S60TX7I0609
WTF?

$ 39 the price of asic without a power supply.
2 server fans cost 10-20 dollars each.

https://s8.hostingkartinok.com/uploads/images/2018/11/ecab73f96f4bfca6734bdab1259a8c80.jpg (https://hostingkartinok.com/show-image.php?id=ecab73f96f4bfca6734bdab1259a8c80)

Tell me please how much does asic without fans cost?  or is it a joke?

1 year ago it cost about 3000 dollars ;D


In the continuation

Antminer L3+, 504MH/s     $52.00
https://shop.bitmain.com/product/detail?pid=00020181031134337590xlRHi7420677

Antminer L3++, 580MH/s   $65.00
https://shop.bitmain.com/product/detail?pid=00020181031134415268TD0GMeq7065B

Well, Bitmain really made a bank off from people/companies who bought their ASICs last year for really high prices. I think they made enough money last year to sell the ASICs for real MSRP now ;D ;D ;D

Even Bitmain itself doesn't want those useless bricks ;D

Makes sense since the profitability on these machines has dropped so much they're basically bricks right now, and you have to pay the hefty shipping costs from China to wherever you live. It's indeed interesting that prices on the L3+ and D3 units have dropped so much, however- I don't recall the last time any full-sized miners were sold for this price direct from Bitmain.

There are many buyers regret buying this ASICminer in the past because the profitability decreases too fast.
One of my friends bought D3 past months ago for $1k+ but he's regretting about the profitability and the noise. Since it's not profitable anymore he tried to sell the miner for a cheap price but no one wants to buy this due to negative profitability and noise until he gave this miner to me.

I'm lucky that I have it for free but the problem the noise is too loud that is why I end up to paused the miner and wait someday this miner can be profitable.

Anyway, that price is too cheap but still not worth it to buy.

Bitmain waited and waited for another boom to sell these, finally gave up and is now liquidating stock.

how much do you think shipping and taxes actually adds to these?

I wonder if bitmain is in trouble for selling all their btc for bch.  Thats gotta hurt.  Plus united states import fees hurting them

Hope they capitulate and go bankrupt. This might be a last desperation attempt to get whatever they can.

A good strategy is to buy solar and buy these miners. Might pay off well. If you got free electric ROI is less than 2 months.

Until you get your paid money back (and of course without making profit)  ;D this asics become just metal scraps.

That's scary.

I have reclaimed two broken D3 Hashbaords.

During the Golden Week in China, the package was not picked up by Bitmain.

Bitmain refuses to send me 2 boards and I should send the package again.

Thats a joke. 2 x shipping costs for two boards.


I hope Bitmain goes bankrupt. I will not buy by Bitmain anymore.

39$ + 95$ psu + 100 $to 140 $ shipping . we will take 120$ as an average.

that is 254$ of total cost.


so , if you are paying anything above 4 cents per kw  then your profit is NEGATIVE.

according to what to mine, assuming you pay 4 cents per kw you get 17 cents mining dash ( do not bother about what Nicehash show or those other coins on cryptopia that you can't even find a proper pool for.


so 17 cents daily. for the sake of simplicity , we will assume difficulty stays the same, and dash price spikes up real good almost 100% . and you make 25 cents a day


.25 * 30 =  7.5 $

ROI = 254 / 7.5 = 33.8 months :D .


in plain English, even with free power you will never ROI on this thing, i bet a horse that the hash boards will be bricked long before you ROI.

good luck.

I think people are missing the point of OP's post.  Obviously these are cheap because they are worthless.  But with that said, all of their miners share a common platform.  Certainly they could reuse the fans, chassis, and network interfaces, and those have to be worth $39.  Of course then they have to pay some to take them all apart.  $39 might still be making them a profit sadly.

Bitmain  stupid bastards. PEace of shit. Fuck them deep. I bought two L3+ for 3500$ each in november 2017..

nobody forced you to buy

Anyone who bought Q4'17 and Q1'18 got raped. Myself included, just have to learn from it. Bulk up during bear.

there will be new batches of new models soon very very soon
so they are dropping their old equipment for people with free electricity I guess
I had couple customers taking my old batch S9s L3s and even D3 recently
after asking them why the answer was same - free electricity

The labour is basically very cheap in China when they are going thru the hassle of actually selling these things, packaging them up and shipping them.

If this was an American company, they probably would of sold them for scrap and got their accountant to write them off as a loss somehow.

No idea if they switched industrial case fan manufacteurs but I am pretty sure that 2 of those fans alone cost more than $39 USD in the retail market.

Presumably, new devices will soon be on the market


See Difficulty change in 15 days:

10/19/2018   75,613,129.05108766
                   to
11/03/2018   123,796,387.46909369


The manufacturer uses at the moment the miners and sells them later as new.

If you are lucky, the miner run years without problems.

4 of 5 my Antminer D3´s were partially defective within 180 days.

It only deserves the manufacturer. That will never change.


I do not buy miners anymore.

If you go for it, you assume that the price of the coin goes up.

Then you can buy the coins without the whole effort and the fear that the device is defective at some point.


At Bitmain, you can assume that:
- The miner is perhaps needed.
- Parts will eventually break and you have to pay for shipping costs.
- That you have very bad service.
- If you reclaim a miner. You become a koroded miner as a replace Miner.

I think that’s mostly due to SPx36 (540GH/s).

Bitmain are clearing house, new x11 and scrypt miners just around the corner..Hopefully

Hopefully there are new units coming. Imagine they're trying to soften the blow to their over forecast on budgeting still.

ill probably end up picking up one or two via private-party in-person sales locally... something like craigslist.

This is smelling exactly like when the S3 was selling for ~$40.....   I made a killing profit wise (again, power is not a factor for me in most respects) and sold them for the same or more later.

Even if they are bricks after;  I feel they could shadow the trend I saw with the S3.

This ASIC with a speed of 17 gh/sec can now only generate income at a low price for electricity. For example, at a price of 6 cents per kilowatt, it gives only $ 12.6 per month net (3 months payback). But if we take into account the increase in difficulty of mining, the payback may increase up to a year.

but if these are coming off their shelf from their active use;  they aren't impacting the overall algo sum net hashrates as if they are a new product.  You probably aren't considering this.

Another way to save on their budget, reduce their cost on power use even if they get a sweet deal.

In your case JK you'll probably be ok with these, for others though these are losers unless you want to buy and hold till bull and be ready to power on. Then that takes risk and speculation that makes me uneasy to think about.

Then outside of stick miners, nice introductory units for hobbyists. 

Bitmain must have been sitting on a HUGE pile of inventory, such a low price. Granted these units don't make profit but the positive side is that its good for decentralization, D3's and l3's for everyone lols.

I'm wondering though, Is the bitmain 7nm scrypt and x11 miner just around the corner ?

   

I doubt they can afford to fab chips for so many different algorithms right now. They also made the mistake of not decoupling the algorithms on their X11 chips - they can be used for X11 only, and not any algorithm built from the same components. Look at Baikal and now PinIdea/DaYun X11 miners - they are also capable of hashing algorithms using different combinations of the X11 algorithms.

Their impact is minor considering the SPx36 units coming online, literally 31x the hashrate per unit.

Yea, just saw those myself wonder when we'll list them.