Bitcoin Forum

To all,

I have calculated that it no longer makes sense to buy anymore Antminer D3's or any other Dash mining equipment because they amount you get per day will $2/day by June 2018.


My calculation is based on the current rate of growth and factors in $0.18/kwh.

So buyer beware unless they come out with a new miner of 100GHS @ 1200watt, then you can make a little money per day but just know when buying these miners, you have to be within the first 3 batches to make money for 6 months and then its over.

Not saying buyer beware but buyer be educated!

Your power cost is high, i get power at $0.035

I get your point but quoting per day statistics 10 months out does not work here.  I'm not saying it will be better but telling people it will make $2 per day is baseless.  Hardware could be stale and dash price rockets or other way around newer greater stuff will come out and dash sinks and these won't even squeeze out a penny a day.

youre not factoring in price rising

I said it could go either way, but you can't assume price just automatically goes up like it's a given.  Was just stating that figuring out a current miners daily take for 10 months from now is impossible.

Thanks for reply but to answer someone's statement, yes, I did factor in price rising but the only thing I did not factor was price falling and Hashrate dropping due to price drop and miners no longer mining it.

Just to get a quick poll, has anyone even purchased anything with Dash using DarkSend(Private Send), I don't know anyone who has and I know quite a few ppl in the crypto space.

The only thing I use Dash for is trading in and out of it.  Honestly, I use BTC (super slow), LTC (very fast), ETH (super slow) to make purchases.  Most merchants don't even know about Dash and I live in the NYC area, which is the largest crypto adoption area in the country.  Maybe companies like Tenx (PAY) and Centra will benefit from it but that's really all I see for now.

I have used VCASH for very small transactions and I must say I was very impressed with the speed of transaction, super fast.

Sounds roughly right, maybe even too optimistic, just looking at the difficulty chart of Dash: https://bitinfocharts.com/comparison/dash-difficulty.html

There are just too many ASIC coming out - BitMain (15Gh/s), iBelink (10.8Gh/s), PinIdea (17Gh/s), Innosilicon (30.2Gh/s).

How much are we trying to profit out of each D3? November batch will ROI in 2.5 months even each D3 makes $20/day Nov-Dec. However, from $100+/day to $20/day in a month is highly unlikely. I am happy if I am ahead $100 plus a few $ from hardware resale. So if it makes penny a day in June 2018, I see no issues with that :)

The difficulty is growing exponentially

Now it's roughly 10x times higher than 2 months ago... :o

I expect it to be useless much earlier... december/january

there is a new batch which can be adquired at eastshore.xyz with delivery estimated for end of November

i've been doing my math but is not worth enough unless DASH doubles its price (at least)

DASH will go to 3000 bucks in 2019

so i dont see why you are all whining here

I mostly ignored ASICs ever since I started with crypto years ago but one thing that seems true is that you're either in first group of people to receive their hardware or you might as well just gamble your money away in another form.

But, even if you preorder the shipping can be late or another company might ship before them or even worse, so all in all, buying ASICs - as an individual and without insider info - is just purely gambling however you want to twist it.

I guess this is why I'm mining dozens of coins with GPUs instead of getting locked in with a specialized hardware with questionable ROI and no resell value.

And seriously, I still don't understand why people think the hardware they're ordering isn't used by the companies selling them (maybe even causing the delays) while their ROI is measured in days, not months.

The whole ASIC scene stinks from every angle.

that is pretty good way to sum it up.

Yes, its not recommended goes to only  1 coin ,  the best option is making diversification

The Antminer D3's are specially made for mining the x11 hashing algo. Could they not be adapted to mine other alts utilizing x11 that might have a far lower difficulty than Dash?

Is it possible to mine any other coins?

you can mine any X11 coins

Yea the antminr s9 mines btc bcc ppc and a few others

hhhhmmmmmmmmmm.......... looks like we might hit $2/day by November 2017, instead, LMAO.
Soooooooooo many people got screwed over paying over 3x - 5x the price all to get nothing and then I keep reading that most have hardware problems. LOL, they got us, LOL.  Well maybe if they come out with new model pushing THS instead of GHS, maybe it will be worth it, if you get the 1st generation only.

Else, its a waste of time.

Current mine per day with Antminer D3 per cryptocompare is $33/day.

Even I got fooled originally, but glad, I didn't dive in all the way and buy 25 machines like I was originally planning to do, thankfully, I bought only 2 machines first.  Put the rest of my money in DASH coin itself, and other Alt Coins


I really feel bad for a lot of ppl on this board whom bought this month and last month trying to beat out the time against the difficulty rise.

That's ASICs for you.

If an ASIC earns a shitton of money it's safe to assume it's used by the companies making them before they're selling them. Nobody will sell their golden egg laying goose that reaches ROI in a few weeks or even days!

Also, Bitmain D3 15Gh/s (3500-35000 pieces), PinIdea 17Gh/s, iBelink 10.8Gh/s, Baikal 0.6Gh/s and Innosilicon 30.2Gh/s (which will only start shipping later) means the diff will skyrocket!

You'd have to be either:

 - in the very first batch and be there for cheap (which means you'd have already reached ROI);

 - or kind of stupid to invest into ASICs.

If you need further convincing just take a look at Dash's difficulty chart: https://bitinfocharts.com/comparison/dash-difficulty.html - which means you're already would only make $26 per day per 15Gh/s:

https://i.imgur.com/SpqGN65.png

@bathrobehero thank you for the chart, yes, it explains exactly what I have been posting about but I am sure majority of the ppl on here are already informed but just wanted to make it notable for those that were still not informed.

the d3 is 17% faster then expected, doesn't sound like much but its great for miners, but bad too, that's 17% more then expected difficulty increase, not what people were expecting.. Changes everyone's estimates on roi.

You do know you can mine other coins right?

https://bitcointalk.org/index.php?topic=539030.msg24135115#msg24135115

There are multiple coins out there that get pumped once or twice a month. It would be wise to allocate a portion of the machine power to a few of these coins and dump them when the pump is occurring.


i.e. Einsteinium


Either way - I'm in the same boat as everyone else. Bought the D3 too late - now it's a wait and see approach. For all we know - the difficulty might get re-adjusted or DASH value goes north of $900 before the end of the year  ;D ;D ;D ;D

It will be much higher jump in next 4 month

june 2018? such late time?
i thought it would be much much faster ... sometime like mar 2018 ...  ::) ::) ::) ::)
like a post above said, x11 is destroyed by all kinds of powerful miners - Bitmain D3 15Gh/s (3500-35000 pieces), PinIdea 17Gh/s, iBelink 10.8Gh/s, Baikal 10Gh/s and Innosilicon 30.2Gh/s
price growth could never catch up the difficulty growth - not even you have 10x price then

D3 (i got 2) is waste of time and money, too hot, too loud, too little mining, high rate of failure, better L3+