Check the calculator. It is not 800 a month now buddy

What u mean is not profitable lately? It is but it wasnt gonna last. As seen an expected now. The spike caused a craze though

I doubt it can move that fast. The main spurt was in 2017. That was too fast. Now, a slow consolidation first before any possible upside imo.

Those prices make no sense.

Do they realize that the spot profitability will definitely last for more than a few weeks and it will go down to normal levels. Those people will never breakeven.


Also, it seems alot more people think they can run this equipment at home without proper a proper setup? The setting up cost is pretty costly too...especially if u need to remove the noise.
This year will see other manufacturers like avalon and ebit churn out new stronger bitcoin miners. It is not just bitmain anymore.
This is without adding the risk that new stronger chips from manufacturers appearing...and making old models earn less or obsolete.


Furthermore, mining was profitable in 2017 only because bitcoin went up 14 times. That wont be happening in 2018. Btc mkt cap at 200 billion right now, is not gonna go to 2800 billion lol. If total crypto mkt cap goes up by 14x, it would be more than gold valuation as well, again not possible in a year....


Those news companies are pumping crazy hype and belieft into new miners via their news articles??

The profitability is going back to more normal rates. It was abnormal back then.

IF ONLY there was a chart on past profitability, that would make people open their eyes more. Currently, people can only see current spot profitability and so they grab gear and believe that the rate will be at this level or close to it for a long time. Well, not the case.
This is why we see the high ebay prices and mad rush for gear imo.

I see. Kinda weird how the batch one seem to work better. Thats 1.5 years back.


Hmmm with btc price dropping now, profitability dropped further and for some reason mining difficulty still jumps further sigh.

I thought u had a good amount of S9s running for over a year plus with minimal issues?

Hmm still unsure of halong. In any case, if halong/bitmain/ebit/avalon churn out bitcoin miners this year, difficulty is going to go through the roof. Btc isnt likely to rise 14x from this price like it did in 2017. That price increase kept mining profitable. At current 220 billion mkt cap at 13k usd per btc, a 14x increase would mean bitcoin needs to be 182k per bitcoin...in a year. The mkt cap would then be 3080 billion. That just isnt happening in a year for bitcoin, imo. Bitcoin mining may not be so good this year if this churning occurs.

Btc mining profitability just dropped like 30-40% compared from its month ago peak...and that is without halong and the stronger new units of avalon.

Just my 2 cents

Hmmm i am wondering if i should stake or not now. Any tips? Currently, mine is in an exchange.

Ok, upgraded to latest D3 firmware and all is good so far. Hopefully, it will be ok in the next few days.
Do note that at the firmware upgrade, below it, there is a message saying that the upgrade solves the miner stopping issue. So far, so good

So, how much is needed for staking? What are the returns for staking roughly?

No. I am using stock firmware? Would latest firmware help? I will try upgrade.

It was not like this before. I wonder what changed. I worry it wasnt manufactured too well. It is new after all.
The rest of my antminers working fine though. I pray the march ones will be ok

And this time it showed 2 hashboards down. Should I be worried?

Is this a bad sign of things to come? It is running around 65 degrees now.
My other machines are all fine though

I am NOT trying to be an asshole by writing this but:

IF IT is a scam:

This means they are "on their way out". Their telegram have a few hundred people only. They are not that popular or hot...how does it sell out so fast when it didnt before zzzz.

I suspect they sold very little or most probably sold nothing this round. They juz pretend to sell. Thats why u cant buy....to delay things as they cashout the money in fiat. They dont want more "buyers" complaining later.

I used to speculate on hyips back then. The only HYIPs that get investigated are the really popular ones with alot of victims like 12dailypro,etc.
Thus, by limiting the amount of victims, it should be unlikely to be investigated.

As for blame;

Scott - juz an admin, not even a sales rep (as he says) not his fault. (I have nothing against u buddy)
Adam back -he can claim to be a victim...true or not, no one knows
Btcdrak - no one knows who this fellow is. His real name,etc. He is anonymous and can dissapear. There is some reddit thread about him creating an alt coin for easy money in the past... we do not know if that is true or not
Slushpool - they already mention they do not endorse it and they sort of retract their initial statement. They are also not sure. The vid was done in their office but they arent sure how legit it is either...(if there was another machine running on that worker while it was in the office)


And by april, these people would be gone and probably feel they have covered their tracks well. No investigation done as victims are not too many....only so many voices are complaining. If they sold 1 unit per person, they may have 5 times more victims and those voices may actually reach the ears of authorities. Thus, it is smart to have 1000+ orders on a single person, if possible. More money in the bank, only 1 more voice complaining.

Also the webbie terms kinda says they are not responsible if things go wrong haha. Futuee halong mining sales should be open and closed very fast also i would think. Hmmm in april, they might delay things more and may and then maybe june, etc.

--------------------
And IF halong is not a scam:

Then, it is juz plain weird they way they act and I can go eat my shoes lol.

I am pretty sure nigeria isnt a safe place for such things.

My gut still leans towards not believing. This whole way of doing things just seems too weird for me. However, best of luck to those that try this. I will try not to post. I dont want to get heat from Scott.
It was not my intention to argue with Scott. I juz state my gut, thats all. Peace Scott and best of luck people.

I wonder if this will end up like another tezos, class action lawsuit...

Kinda curious, wat are the regulations?

It is good that u are trying to find a place fast because the other chinese miners may do it soon too. U are going to have alot of competition and your kind of requirements are kinda hard to find.

I did soundproofing of a small room properly via rockwool and drywall. It cost quite alot though. I tried the silencer method in the past but it just doesnt work. Sound moves like water, any hole and it goes through. U gotta cover every part of it.

Did u think about the sound? It would be loud.
Are u an employee on a vessel? The engine room is a noisy place but it would be too hot to put it there.

Holy shiat, u are right. Dimaze account is inactive since 2015. His next 3 posts after that are all in the halongmining thread....... and he is going to meet scott? U think this is a bought account?
Also, their local times are 6 hours apart. How is that possible if they live near each other??? I think can only be believable if a few reputable members visit scott??