i will bail out on this one, to expensive, 1250$ would be a good price, but they will find enough sheeps who buy that miner...
Hopefully they won't. But the uninformed masses never cease to amaze me. This thing is dead on arrival. I'd love to see baikal lose millions with this ASIC due to all the major coins switching algos (Monero and IPBC confirmed so far) but they've probably already made their investment back by mining with these for a few months before announcing them, unfortunately. They can change algos as many times they like, if it stays below or at 1mb requirement you will be able to mine it with asic After the months of lead time and the VERY EXPENSIVE costs to redesign and re-qualify the design, sure you can. |
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With Cryptonight ASICs on the horizon, when (if) Ethereum does go to POS, it's starting to look like AMD based miners are in for a shit-show.
Ancient news. AMD Polaris cards can mine stuff like ZEC effectively, but profitability on EVERYTHING is going to drop a lot when ETH goes POS and those 10 million OR MORE GPUs currently mining it go looking for new homes. |
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Monero POW is changing to CryptoNightV7 in about 15 days, so I don't think you can sell this as a monero miner.. Just saying  I'm not sure that minor changes in hash algorithm can help to avoid asics, cause they probably can update/reprogramming their FPGA You can't reprogram a FPGA - and Bitmain AFAIK has never made a FPGA-based miner for sale (they may have used FPGA as part of their "validation" process for their ASIC-based miners though, that's a standard industry practice). |
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60w... is this some kind of joke?
I would take it serious coming from them. They are here to conpete with the likes of bitmain they best keep producing asic for all algos. Just because something isn’t cost efficient when you run your numbers doesn’t mean it doesn’t work out for someone else. BR Come on, it is little hard to believe that ASIC type machine consumes only 60w. Gridseed Blade units were about 40 watts a side in actual usage, even though they were "officially" rated for quite a bit more. Bitmain's announcement of the X3 mentions 550 watts for over 10 times the hashrate, so the "watts per hash" is in a reasonable ballpark. Baikal is NOT a Chinese company - but their not Russian either. Belorussia is NOT part of Russia, though it used to be part of the Soviet Union. I suspect all of these are going to be expensive paperweights quickly, since the Monero folks have specifically stated they plan to hard fork soon to change their algorithm to kill ASIC's for cryptonight. https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html for anyone that might have missed it. |
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They're going to be bloody expensive paperweights real fast.
I doubt even the FIRST adopters will manage to make back half their price.
Seems like Bitmain didn't think THIS move through at all.
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Why are so many people talking about ethereum hashrate on nvidia hardware? Have you guys really not got the memo about this?
For the 1060, ETH has been a better option than ZEC most of the time if not always 'till the DAG file gets too big for the 3GB version. Right now, the 1070 is a tossup mining ZEC vs ETH if you run it at efficient power settings (110 watts or less ballpark), as it loses NO hashrate on ETH in that ballpark - and recent price moves on ZEC vs ETH have given ETH a definite though small lead. 1080, 1080ti, forget ETH - it earns less. 1050 ti is better off on ETH, 1050 better off on ZEC, but both are low efficiency abet the 1050 is still "non-gouge priced", does OK on hash/$ as a result, and both are widely available. This comment caught my interest. I've been looking everywhere in my area for 1080ti but stocks are out, so are 1080, 1070 and 1070ti. There are a few 1060s around but there are lots of 1050s. So if you intend to mine eth/etc, you mean 1050 will efficiently mine these better than the higher series? Because if that is the case, would it be a good recommendation to stack up on 1050ti for eth/etc? No, their efficiency is in the mid-2 range on ZEC while 1070 and up are all capable of 4.0 or better efficiency at their "most efficient" settings on sols/watt. The 1050 ti is ballpark a 13 Mhash card on ETH - but you CAN'T turn it down to less than 53 watts (52.5 to be picky) while a 1070 will achieve 30 Mhash ballpark (usually 31.something on the cards I've worked with) at 100-108 watts, so ALSO less efficient. They ARE fairly close, if you go with some of the lower PRICE cards, on a hash/$ basis - but long term they're going to be non-profitable a lot sooner than the "bigger" cards. Fairly good chance you'll have paid them off, or at least made enough that when you sell them you'll be ahead - IF coin pricing doesn't keep dropping AND you have low-cost electric. If you're going to stock up on low-end cards for ETH, do 1050 ti cards - I'm not sure if there ARE any 1050 cards that have 4GB and CAN mine ETH, all the ones I'm aware of are 2GB and can't mine ETH at all (and I'm pretty sure can't mine ETC any more too). BTW - the last week has seen the GTX 1070 turn into "more profitable on ETH at low-power settings than ANY settings on ZEC" even for free electric, unless you have a miraculous (and bloody RARE) 1070 that can manage more than 500 sol/s at high-power settings. I'm also seeing some price pressure on the GTX 1050 and a small climb on the already slightly inflated 1050 ti pricing, on top of the major gouge pricing on the bigger cards that started right after Xmas.... |
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Folks that bought early enough to pay $5500 probably recouped half or more of that in their first couple weeks to a month of operation.
The lucky few that were the very first to put them online probably recouped ALL of their investment the first 2-3 weeks.
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I'm about to invest in some more hardware, so maybe helpful for me to explain my reasoning as it goes against what most people are saying;
1 - People are saying not to invest because payback period is ~12-14 months. In any normal business a payback period of 2-3 years is pretty decent
3 - No one seems to factor in the residual value of the components. Say you spend $2k on GPUs, your ROI shouldn't be calculated on the basis of how long it takes to mine $2k (+electric). It should be based on how long it takes you to mine how much your assets have depreciated (+electric). Given the current crazy gpu market, your equipment will have a strong resale value
4 - I don't plan to mine with my GPU's; instead I contribute to science through folding@home and get paid cryptos as a side benefit. This is actually more profitable than nicehash in my experience, but even if I only break even at least I am contributing to Stanford's research into Alzheimer's/Cancer/Parkinson's etc
1) 2-3 year payback for most gear in most businesses is AMAZINGLY GOOD. 2) Many miners can't afford to "hold in hopes of a runup" - and I don't see any reason why we SHOULD see a runup, current trend and most of the news is bearish. This COULD change - but if I was counting on it, I'd INVEST not MINE. 3) ASIC gear has very little residual value once it becomes unprofitable to operate in Very Low Cost Electric areas - once it hits no better than break-even at 3 cent electric, don't count on getting ANYTHING back out of it. GPU gear on the other hand retains significant value for a few years, even without the current insane shortage gouge pricing stuff. 4) Been there, done that, if I can ever get my recent Bittrex issues straightened out I *might* go back to it despite Vorshok's abusive huge farm BS, but right now I have no way to cash out one of the 2 "merged folding" coins and I can't AFFORD to go without at this time - and it's lower profitability if I can only cash out the one coin I CAN cash out. No, that Livewire exchange is NOT an option, it's got a worse rep than Poloniex (which is saying a TON).... |
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Well The excavator miner from nicehash switches really, really fast. They explained how it works, it has drawbacks too but its pretty good software.
Did excavator ever get upgraded to be competative with recent ewbf/dstm/bminer versions? Last I can remember it was quite a bit behind the "performance" curve. |
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After questioning halong mining's validity in my last video a member of their staff messaged me assuring me they were real and yoshi goto is to be trusted. I asked for pictures of miners and he said I will have to wait until customers receive their machines soooo. . vaporware?
I don't think it's vaporware. Yoshi has had a good career at Bitmain. He wouldn't risk his reputation on vaporware. Yeah that's what I was thinking too but it's just such a weird business practice. . . to not even show ONE true version of their miner We should know for sure soon - they promised PhillipMa1957 a review unit and it's supposedly been shipped. |
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and when done to perfection by many miners it flattens out all prices on all coins which is the worse possible case.
Which is going to happen anyway, just with a bit more "small spike" and "small negative spike" room if folks had to switch manually to "chase the profits". |
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In my experience, you lose too much while switching to make up for any gains, most of the time.
The stress on your GPU would be lower, as it would have periods of just sitting around not actually mining while the algorithm gets initialized during switches.
that is where most people dont understand, if you set it up correctly there is literally nearly a flawless transition from algo to algo... It still takes time for ANY miner to initialize when it first starts up - and the ETH ones with "on-GPU DAG file creation" are particularly slow. It also takes time for the miner to handshake with whatever pool you are using when it first starts up. 1 MINUTE is not uncommon at all for "first start the program to first actual mining done", though MOST miners don't take quite that long. If you're only switching once in an hour or less, it's not a big deal - but some switchers want to switch you every 2-5 minutes, at which point it's an ISSUE and some significant lost revenue. |
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The 750ti was a very good GPU back in its day.
Basically it was released right before the Litecoin mining bubble burst of 2014.
Dang, I just did some checking - and didn't realise it came out quite THAT far back, I was thinking it was a late 2015 or early 2016 release. It was a good card in it's day, and for a while was THE highest performance card available as a Low Profile card (I've still got a couple of those in older gaming machines). It's efficient enough to be profitable at a few coins even now - but that's as much a reflection of the high profitability of GPU mining as anything else. |
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Hey guys!
I just would like for someone to give me a little feedback on a graphics card topic.. new to the buis and would like to know how well would 200xs onda GTX 750 ti perform. A friend of mine who builds computers knows nothing about how graphics cards perform for mining so we are both proposing this question. we can get these cards bulk and want to invest in mining. would this card be ok? even if it does have a 5-10 h/s would that be sufficient? thx greatly
GTX 750 ti cards are VERY low scale, and somewhat inefficient on most algorithms. They're a tolerable Cryptonote miner though, ballpark 250 hash on commonly less than 50 and with good tuning possibly as low as 40 watts power usage. The GPU in them has also been OUT OF PRODUCTION for well over a year, I wouldn't count on them staying available as they got replaced by the 1050. |
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i wonder what's the current ROI for an A3. Thinking about getting my hands on some
As of right this second, a couple months - but I'm pretty sure Bitmain has some being shipped, and another batch due by the end of the month. Wasn't there someone else (Obelisk perhaps?) that announced a SIA miner a few months back but has yet to deliver? The price of sia has fallen over 50% in the last month. I don’t see an end in sight either. Do ASICS usually increase the price of the coin? I would think it would drive prices even farther down The price of pretty much ALL Cryptocoins has dropped 50% or more from the peak around mid-January. ASIC have ZERO effect on price - it's PRICE that affects profitability and the profitability that affects the potential for an ASIC to be sold at a profit for it's maker. Not exactly. Siacoin dumped 10 times from january prices because of ASICs No, Siacoin PRICE did NOT dump due to ASIC. Siacoin PRICE dumped as it's a very small altcoin that doesn't have a lot of investor confidence and overall MARKET confidence in altcoins (other than some of the majors like ETH and LTC and DASH) dropped a lot more than for the "big coins". The timing of the introduction of the A3 was coincidence - it is NOT the norm and never has been for "introduce an ASIC" to kill the Price of a coin. When the original Gridseed Orb was introduced, Litecoin Price shrugged. When the 3 different first-generation X11 ASIC miners (Pinidea, iBeLink, and Bailal) were introduced, DASH Price was flat and stayed that way for almost a year (then exploded along with most altcoins) - and I didn't see any effect on Price by the Baikal for coins on the OTHER algorithms it mined as well. What dies when an ASIC is first shipped for an algorithm is PROFITABILITY, which is NOT the same as Price and does not influence Price, though Price is one of the 3 MAJOR factors that determine Profitability. |
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Hey I have more rants developers charge 2% fees.
ebwf
dstm
bminer
claymore
for zec why?
seems to me if you drop to 1% even 0.5% you would force the others out, but no only 4 guys they shake hands and stick at 2%
EWBF *IS* configureable on dev fee. I do agree that 2% is a total ripoff, given none of them offer any significantly higher hashrate than the others, and Claymore at 2% on his ETH miner is only worthwhile *IF* you use the dual mining feature (which IS unique), as a straight ETH miner it's VERY little or no better than the last Genoil release from what, 2 years ago? |
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Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins  Can't speak to phil, but I've found that those "higher profit" coins only tend to be higher profit for a day or two, then everyone "discovers" them swarms them and swamps the profitability back down to the "basket" range. Too much work for me to "chase the profit" any more, as a general rule. Yeah i get that part but still mining zec is on the lower part of profit..how about using multi pool/algo switchers like sniff dog or nplus miner,what do you think about them or is too much stress on gpus? In my experience, you lose too much while switching to make up for any gains, most of the time. The stress on your GPU would be lower, as it would have periods of just sitting around not actually mining while the algorithm gets initialized during switches. |
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I have a few Minis with old v1.1 firmware version that only mine X11 when I got them (end-2016?) and after flashing them, they can mine X11, X13, X14, X15, Qubit, Quark algos, just like subsequent models like Quads and A900, A2000. The Giant series started the inclusion of the other funky algos we know today.
Do note that all of the algorithms the "mini" was ever able to mine are PART OF the X15 algorithm (all of the X-series algos "include" a specified number of different algos used in series in a specific order on the datastream - and the "higher number" ones are the same as the earlier ones with certain algos added). Ditto the "mini" derived models like the Quads and the A900 and A2000. I've always thought, based on relative hashrates for some of the algos, that they used an ASIC but allowed the controller access to "input" and "output" taps at the borders of each X15 component algo (or at least the ones that were used independently). |
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You are correct in that it is still somewhat profitable, but as I said it will not be the same going forward as it has been during the past 12-18 months.
The run-up in coin prices helped to mask the corresponding run-up in network difficulties for nearly all coins.
The run-up in coin prices CAUSED the run-up in network difficulties - with some delay as it takes time to aquire parts and get systems built. That period of delay is when profitability surged - but at this point network hashrates are getting pretty close to caught up with the prices, especially with the price DROPS the last month and change having slightly exceeded the "January 2018" surge for most coins. |
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