Are u sure it is brand new? Why would they produce V9 over S9?

Is bitflip a reliable exchange? I have never heard of it.

Ok lets see:

It used to be breakeven 3-4 months and waiting time 2 months. Breakeven can be abit longer because difficulty increase by the time u get the miner.

Rough calculations:
S9 with psu = 1915 x 1.10 (vat) = 2106 USD
Dragonmint with psu = 2844 x 1.1 (vat) = 3128 USD

Currently S9/Dragon makes 200/245 USD per month at 10 cents electric.
So breakeven for S9 is 10.53 months and dragon is 12.76 months.
This doesnt take into account setup costs and rental costs though.

Breakeven is faster if u gotten S9/Dragon it in the past at lower prices though.
The biggest issue is u have 6 months warranty only and difficulty has been rising alot faster than bitcoin price in the last year.

As always, this is a guide, do your own due dilligence.

Pls check your mining calculator. The numbers are not good now.

Agreed that the way they function, the public naturally reacted as such. This has been a surprise. I dont think it matters too much though because there is major oversupply of asics now. Asics are not selling despite discount coupons. Breaking even is difficult even with low electricity cost for new miners. Dragonmint should have come in a year ago. Market timing can be everything at times. I guess we shall see how this goes.

I see. So it is 1480 watts at 16th, about 92.5w/th. Thats about 13-15% better than S9 and about the same as the Ebit 10 miner if i recall right.
Creating 3 different miners in 3 months is fast.

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(Moderator's note: This post was edited by frodocooper to trim the quote from -ck.)

Hmmm mining supply increases and halving for ltc/btc is in late 2019/2020. However, btc difficulty doubling in 2 months from 1.4T to 2.8T is a halving on its own lol. Btc didnt double in price but difficulty did. Threat of new supply from dragonmint and new stronger asics are ever existing and higher since there are more players now. Any rise in btc is countered by rise in difficulty since mining equipment is in high available supply and quick delivery unlike in the past when they were sold out. Oh well. Even if btc shoots up, the holders will make money. The miners will not because tons of miners can be sold and delivered quickly. People will collectively buy with the hope and assumption that difficulty will not rise so much but it will. And it wont be is the same craze as when ant S9 was selling at 5-7K usd on ebay when btc is at 18-20k because there are avail miners from manufacturers now.


Dots... I guess no point arguing with u since u hell bent on winning an argument with bs. It is already clear cut that mining has taken a turn for the worst, as predicted.... People cant even sell coupons for miners at 25% of coupon price lol. The miners can be delivered in the same month now, not 3 months. Holding bitcoin instead of mining in the last 8 months makes like 200+ % more and the trend is expected to continue. Anyways, good luck to u buddy.

Both my L3+ that i ordered a few months ago will come by today. This is first and 2nd batches

Agreed that L3+ ROI is better but block reward halving is late next year for litecoin and it is on 28nm chip.
S7 was on 28nm and S9 is on 14nm. S9 is almost 3 times as efficient yes? So, if a stronger L3+ comes out, should be the same efficiency increase I think.
At least the S9 is somewhat tried and tested since ebit 10nm machine isnt that much stronger either.
Cheaper asic isnt the key. What we need is a new coin to mine or lower difficulty. Cheaper asic would mean older miners will never ROI due to increased difficulty.

Cheaper machines would mean the machine gets cheaper and cheaper as time passes, meaning older and older customers just lose out. It will be like the D3 where the first batch was 5k, 2nd batch was lesser at 2.6k I think and final batch at 1.4k. I dont think anyone broke even LOL. Cheaper asics on S9 would be the same and I hope that doesnt occur...because difficulty increase will make every new batch of miners unprofitable and it is possible even the latest batch isnt profitable...because that is the case for alot of us D3 owners with the 1.4k batch now.


I hope bitmain comes up with a good new coin to mine. Perhaps a platform type coin like ethereum/neo? I am sure bitmain is capable of pulling it off.

I dnont see it on cryptopia. Which exchanges are u talkin about

Huh? wat u talking about. All my predictions have been right. Made good money off oil too. If they dont have OPEC, oil price would be under 30-40 dollars now (like in the past) and higher cost producers would make losses while lower cost producers would make little money. However, there is OPEC, and now everyone makes money...more for lower cost producers, less for higher cost producers. It is a win-win situation.

We dont have an OPEC for mining and as u can see, mining is bad now, just as predicted. Asics are not selling lol.
Newbie miners may not break even.
Older miners make lesser. No winner. Newbies lose more.

U are funny. There is no way miners can be sold for 10 bucks or too much lower lol. Lower miner prices easily mean oversupply again and thus lower profits pet miner. Same problem, not a solution. It is the same as wat happen with the antminer D3. From 5k to 1.45k per miner (depending on batch) but guess wat, it makes 50-120 bucks per month now and many wont break even lol. The 8% recent increase is small and is probably from new miners deployed that ordered in 3 months ago. People are not ordering now or will order very little as u can see.

When difficulty rise from 1.4T to 2.8T, that means u get half the bitcoin rate. This isnt good for the older miners but it is far worst for the newbie miners. Oh well, good luck to those newbie miners. I see alot of cursing so far. Why would u wanna see chaos for newbie miners?? Even the newbie miners dont want this chaos and losses. It would have been better if there was an OPEC for mining as it would protect the newbie miners from bad decisions.

Home miners are not killed by large scale farming actually. The efficiency gap isnt the issue. Being early is far more important than being late here.

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(Moderator's note: This post was edited by frodocooper to trim the quote from stompix.)

The problem is the price is too low. It is more profitable to mine bitcoin by quite alot. Dev need to succeed to get it to be the new coin to mine.

Crypto bridge is crappy sometimes. U cant trade sometimes because the latency is too high and there are no low latency nodes wtf.

The coin has very low price and volume. It is going to be unknown and dissapear into the sunset unless devs do something. I dont think devs are selling because if they sell anything much, the buy queue will go to zero easy lol. The total buy queue in cryptobridge is only 8 btc now, about 88k USD

Hmm u think it is possible for bitmain to influence bitcoin with a fork such that:

-block reward doesnt halve in 2020
-block reward instead gradually increases slowly
-bitcoin mining ends in 2028 instead of 2040 since the rewards are released faster.


End result will be:

-happier miners and more asics sold in the next 10 years
-less energy is used since mining stops at 2028....meaning from 2028 till 2040, no more mining occurs and electricity is saved. I think the world has more than been introduced to blockchain now. We dont need this to continue till 2040 though.

Unless bitcoin skyrockets greatly, when late 2020 comes and bitcoin halves, mining will be even more dead for miners and asic manufacturers.


??

Well, their competitors are also selling around the same price. I guess they going for more profit margins rather than volume.

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(Moderator's note: This post was edited by frodocooper to remove a quote from, and a response to, a deleted post.)

Not sure but that possibility does exist. I hope not.


It is pretty dead. U can buy miners and get it delivered in 4 weeks now, not 3 months. U can get them at a discount on ebay or from asic manufacturers. They are not SOLD OUT now LOL. Hard to image those miner were going for 5-7k USD back then on ebay. If u wanna buy from bitmain, do PM me, i have good discount on coupons . Bitmain has been giving everyone tons of coupons.


Take a look here.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

Bitcoin difficulty is 0.3T in Jan 2017
It is 1.4T in mid Dec 2017
It is 2.8T in mid Feb 2018

In just 2 months from Dec 2017 to Feb 2018, difficulty doubled, increasing by 1.4T, which is more than the difficulty increase of 11 months from Jan 2017 to Dec 2017.
It is currently at 3.0T. Basically, the increase slowed because bitcoin price has not increased much but difficulty has increased alot. Profitability dropped greatly.


GPU mining is abit more profitable than bitcoin mining now. It used to be such that bitcoin mining made twice as much as GPU mining since GPU is safer and have far longer warranty of 2-5 years, not 6 months. Well, there are only 2 gpu manufacturers and thus no oversupply, unlike asics.


Fyi, I didnt say shale is dead. Shale lives but oil price is dead. Oil price used  to be above 100 and it collapsed. It is now near 65 and that is ONLY due to OPEC (and Russia) cutting ALOT of supply. It was 28 bucks 2 years ago due to oversupply. If asic sales were limited, profit from mining will go up too.


So, current ASIC manufactures have the capacity to increase it by 0.7T per month if they could sell all their asics. The last thing needed is more asic manufacturers. In the past, asics sold when the breakeven was about 3-4 months. There are only 6 months warranty after all. Now, with the new 2.3k pricing, u are looking at say 9-10 months at current difficulty. With old pricing, it would still be about 7 months at current difficulty. Miners only have 6 months warranty and more importantly, this is not factoring in additional difficulty increases which can be alot higher now than last year. It has been alot more profitable to buy bitcoin rather than mine bitcoin and this trend will probably continue since difficulty can skyrocket so easily. I didnt even factor setup costs, rental costs or new more efficient miners making older miners earn less. At these numbers, unfortunately, there will be alot of new miners who dont break even. The older ones who mined in the better months should be fine.

1 - I dont think u can make a profit off them on ebay unless u find a dumb buyer.

I am surprised by point 3. This thing is fun for awhile and after that it is just dealing with heat, noise and electricity lol
I guess to each his own.

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(Moderator's note: This post was edited by frodocooper to trim the quote from DaveF.)

Looking at the current mining situation.
Sigh, I did not want to be correct about this

wat u mean by this