 Show Posts
|
|
Pages: [1] 2 3 4 5 »
|
They're selling at $4600 for two units, so $2300 a pop. Earning is around $24 a day, so break even in a couple of months. Why is everyone saying they won't make their money back?
You won't. Making X amount a day to break even in a couple of months isn't an accurate measure to recoup your investment. If you're looking at whattomine or whatever, what you are seeing is a snapshot of rewards at the current point in time. *Assuming no other miners come online and the difficulty stays the same - that's not gonna happen so if that's what anyone is assuming, they'll be sadly mistaken. When manufactures flood the market such as Inno and continue to sell an infinite supply ASICS, the hashrate goes way up and rewards diminish rather quickly. When profits diminish, they adjust the price of the ASICs so people think they're getting a good deal with a discounted price. But guess what happens when all those "discounted" ASICs come online, that $24 a day will quickly be reduced to $15, $10, $5, $2. It's all a cat/mouse game and you're the measly mouse they're the Lion. They don't give a fuck about customers making their money back, evident with how quickly new batches are made available for purchase. Read the thread from the beginning when people where happy and jolly to now EVERYONE is pissed. There's a reason why Inno no longer responds or contributes to this thread. They fucked us and they know it. You're better off buying actual coins than mining. This is so true. I wish I would have just spent my initial investment on DCR instead of these crap miners. DCR was around $60 each then and I would have made a lot more money then lose it by buying these ASICS. When the first miners from Halong came out it was about 6 weeks to brake even but that never even came close because within 2 weeks Inno came out and flooded the market and now I'm only about half way through my ROI but to get the other half it will take 1 year according to What to mine and that is only if the network doesn't change at all which it won't. As soon as Decred pumps Inno will just release more miners further dropping any profits for anyone. how much did you pay your Halong ? I bought 1st batch Halong B29 at 11k flat price (included power supply, shipping and import tax) and 1st batch Inno D9 at $8800 (No power supply included so add $160 and I had to pay $370 importation tax). I haven't sold any coins because I believe DCR is well undervalued and as of today I have mined only 117 DCR. If I instead put that money into DCR I would have around 340 DCR and also have 3-4 POS tickets so yes everyone that bought a decred miner got screwed big time. I know that mining or buying coins is a gamble but Halong said to the community that they were the only company with the samsung miners and they were releasing batches about 1-1.5 months apart. Turns out that they sold their tech to Innosilicon which didn't want to do things the right way and flooded the market screwing everyone. |
|
|
|
They're selling at $4600 for two units, so $2300 a pop. Earning is around $24 a day, so break even in a couple of months. Why is everyone saying they won't make their money back?
You won't. Making X amount a day to break even in a couple of months isn't an accurate measure to recoup your investment. If you're looking at whattomine or whatever, what you are seeing is a snapshot of rewards at the current point in time. *Assuming no other miners come online and the difficulty stays the same - that's not gonna happen so if that's what anyone is assuming, they'll be sadly mistaken. When manufactures flood the market such as Inno and continue to sell an infinite supply ASICS, the hashrate goes way up and rewards diminish rather quickly. When profits diminish, they adjust the price of the ASICs so people think they're getting a good deal with a discounted price. But guess what happens when all those "discounted" ASICs come online, that $24 a day will quickly be reduced to $15, $10, $5, $2. It's all a cat/mouse game and you're the measly mouse they're the Lion. They don't give a fuck about customers making their money back, evident with how quickly new batches are made available for purchase. Read the thread from the beginning when people where happy and jolly to now EVERYONE is pissed. There's a reason why Inno no longer responds or contributes to this thread. They fucked us and they know it. You're better off buying actual coins than mining. This is so true. I wish I would have just spent my initial investment on DCR instead of these crap miners. DCR was around $60 each then and I would have made a lot more money then lose it by buying these ASICS. When the first miners from Halong came out it was about 6 weeks to brake even but that never even came close because within 2 weeks Inno came out and flooded the market and now I'm only about half way through my ROI but to get the other half it will take 1 year according to What to mine and that is only if the network doesn't change at all which it won't. As soon as Decred pumps Inno will just release more miners further dropping any profits for anyone. |
|
|
|
It looks like there is a new firmware out for the D9. Anyone know what the changes are?
What's up wolf. Where did you see that? Hopefully, it's better hash rate without much-added power consumption. What pool are you mining at and what's your daily reward for 1 machine? I'm on coinmine getting 0.304 at 2.37Ths from the last fw update. Anyone getting better rewards elsewhere? On Innosilicons website they have the new firmware out but its dated 06/02 when the last one they came out was on 05/24. I checked last week and didn't see the latest firmware on the site and the miners don't seem to find it with the built in firmware check/update tool. I'm mining on Luxor pool and getting about .3 per machine and hashing at 2.4Ths. I tried coinmine but I was getting about 5% less. Crazy how quickly rewards went to shit here. Inno needs to come out with another firmware to make ROI possible or pump the hell out of DCR. Neither of those will help because a new firmware will just increase the network hash which everyone on the network will just upgrade and nothing changes. Even if they pump the hell out of Decred they will then list another batch of miners for sale further lowering the reward for miners. Inno just should have released batches every 1.5 months apart because now no one will make their money back. |
|
|
|
It looks like there is a new firmware out for the D9. Anyone know what the changes are?
What's up wolf. Where did you see that? Hopefully, it's better hash rate without much-added power consumption. What pool are you mining at and what's your daily reward for 1 machine? I'm on coinmine getting 0.304 at 2.37Ths from the last fw update. Anyone getting better rewards elsewhere? On Innosilicons website they have the new firmware out but its dated 06/02 when the last one they came out was on 05/24. I checked last week and didn't see the latest firmware on the site and the miners don't seem to find it with the built in firmware check/update tool. I'm mining on Luxor pool and getting about .3 per machine and hashing at 2.4Ths. I tried coinmine but I was getting about 5% less. |
|
|
|
Me and some friends plan to buy an A9 Zmaster!
I wonder how profitable it will be if we order it right now and hopefully recieve it next week! What will the roi be like? Anyone know how fast the profit of this asics drops right know?
All opinions welcome:)
Basically the only way to make profit with any ASICs is as follows 1) Be the first to get the machine to get a head start on the difficulty 2) Resell the ASIC on eBay or Craiglists at a markup and your profit is the mark up. 3) Hope that there is another Moon FOMO rally and BTC and ZEC hit new ATH later in the year. Exactly this! The Asic needs to be resold by the end of the first month before the difficulty spikes and any other company has time to develop more Asics. |
|
|
|
|
It looks like there is a new firmware out for the D9. Anyone know what the changes are?
|
|
|
|
Look at what Inno did to the new Decred miners. They have been pumping out 20k miners each month to where they flooded the market and it will take 2 years for anyone to make their investment back and that was without Bitmain entering the market. Now it will be Inno vs Bitmain to see who can flood the market the fastest and I expect Bitmains miners to be obsolete in 2 months which is what happened to the A3's for siacoin. Anyone who pays 10k for Inno's miners is in for a rude wake up call because it will be making $10 a day in 2 months.
For Decred, 20k units per month is factually wrong. At only 20k miners at 2TH/s each would result in network hashrate of 40,000TH/s. We are around 25-30,000TH/s right now. I think 5k units per month is more like it, add to it what Ibelink is adding. It wasn't meant to be an exact number and the next batch is shipping while the network is at 30PH when not even 2 months ago it was at 2.5PH. At the end of this second month it will be at 40PH which is about 20,000 a month from "1" company. What do you think Bitmain will do??? The exact same thing Inno will do and that is stop selling when people stop buying but by that time it will be too late and they just robbed everyone all over again. The D3 was the first alt miner that everyone got royally screwed on and I saw the posts about it but still thought it would be different this time around but it wasn't it's only gotten worse. I'm not saying anything to bash anyone I'm trying to help and teach from my experience so no one else gets burned. I have 50k in miners I've gotten new 1st batches from Bitmain, halong and Inno since February and only have $13k in coins to show for it. Mining isn't dead it's no longer profitable and it's way better to buy at today's low prices and hold because the A9 wont sell for more then $400 in 2 months. Wisdom aside, 20k units in 2 months would mean we should be at 40PH, but we are not there. The actual number should be 5k x 2 months = 20PH. What is being added is mostly Ibelink 6TH units, I think they are testing and slowly dispatching them, which gradually pushing up the net hash. Who know where the net hash ends up. If Ibelink adds 5k, we are looking at 40-60PH, plus more when oblisk ships. The point is that Inno flooded the market so bad in just a little over a month. The network for decred has goine up from 4PH to 30PH in 1.5 months and that's without Bitmain pumping out miners. When the first batch of miners were out they were making $200 a day each but the A9 is only making $140. The inno D9 today only makes $25 as of today only 1.5 months later and cost $8300. Now they are selling everyone here the A9 that makes $140 a day but costs $10,000! Why can't anyone see this!? I will come back to this thread and post I told you so to everyone since they would rather attack someone for telling the truth then attack these manufacturers that are robbing everyone with a smile. https://dcrstats.com/pow |
|
|
|
|
Don't be surprised if in the near future Nvidia and AMD stop releasing the latest GPU's to the public if they can make more money then they would selling it. As soon as they make the first big leap in GPU technology they will setup mining farms of their own and then sell used stuff to everyone just like all the ASIC companies.
|
|
|
|
Look at what Inno did to the new Decred miners. They have been pumping out 20k miners each month to where they flooded the market and it will take 2 years for anyone to make their investment back and that was without Bitmain entering the market. Now it will be Inno vs Bitmain to see who can flood the market the fastest and I expect Bitmains miners to be obsolete in 2 months which is what happened to the A3's for siacoin. Anyone who pays 10k for Inno's miners is in for a rude wake up call because it will be making $10 a day in 2 months.
For Decred, 20k units per month is factually wrong. At only 20k miners at 2TH/s each would result in network hashrate of 40,000TH/s. We are around 25-30,000TH/s right now. I think 5k units per month is more like it, add to it what Ibelink is adding. It wasn't meant to be an exact number and the next batch is shipping while the network is at 30PH when not even 2 months ago it was at 2.5PH. At the end of this second month it will be at 40PH which is about 20,000 a month from "1" company. What do you think Bitmain will do??? The exact same thing Inno will do and that is stop selling when people stop buying but by that time it will be too late and they just robbed everyone all over again. The D3 was the first alt miner that everyone got royally screwed on and I saw the posts about it but still thought it would be different this time around but it wasn't it's only gotten worse. I'm not saying anything to bash anyone I'm trying to help and teach from my experience so no one else gets burned. I have 50k in miners I've gotten new 1st batches from Bitmain, halong and Inno since February and only have $13k in coins to show for it. Mining isn't dead it's no longer profitable and it's way better to buy at today's low prices and hold because the A9 wont sell for more then $400 in 2 months. |
|
|
|
|
God there are way too many stupid GPU miner fanboys on the forums. They don't realize asics are going to take over no matter what even if there are forks because you can't stop progress and technology. GPU mining will be near dead by the end of the year and only shitcoins will be what GPU's can mine. The bad thing is that anyone that makes Asics wont sell their money printing machines until they squeeze every last penny out of them. Obelisk is doing things the right way with their launchpad and I can't wait until they finally get the ball rolling for asics on every POW coin.
|
|
|
|
If you send me 1 dcr I'll help  I'll get you setup on Luxor which is the best pool from my testing and their support is great. PM me with your phone # or teamviewer info and I'll get you setup in no time. You can send me 1 DCR after you mine it. |
|
|
|
Anyone who pays 10k for Inno's miners is in for a rude wake up call because it will be making $10 a day in 2 months.
For this to be true; A9 Current profit @ 700M sols: $130/day Total Nethash required @ $10/day per A9: 9,100M sols 182,000 A9 Zmaster shipped within 2 months Yeah probably not. Its a fact. The Decred Miners were making $200 a day and now 2 months later they are down to $30 a day and Inno had no competition from Bitmain. Now you can compare the A3 miner that Bitmain released vs Inno's S11 and the A3 was making $800 a day when first released but now 3 months later it is obsolete, can't even pay for electricity and the S11 makes $8 a day. This is very real and everyone should be scared. There you said it, my Batch 1 A3 made $100-$500/day for 3 weeks effectively paying itself off and some more. I don't see any risk for batch 1 A3 buyer. But if you buy an August or later batch your mileage may vary. I got 12 of the first batch A3 miners and if I sold as I mined I would have made my money back but I just held and the coin dropped from .07 to where it is now so I'm stuck holding until I can get my money back but I'm sitting at a huge loss right now. By week 3 for the A3's they were only making about $50 a day each then 1 month later $20 and that was when Inno released theirs. 1 month later the A3 was dead and no more chance to make back my money. I bought a batch 1 B29 from Halong and they said they were the only ones that partnered with Samsung to create the Decred miners which was a lie since Inno also bought the rights to make miners with Samsung tech and 2 weeks after receiving my B29, Inno started pumping out their D9 decred miners as fast as possible until the network got flooded and they are still pumping out miners even though they killed the Decred miner from mining 3 decred a day down to .25 decred a day. When will they stop??? I'm guessing they will only stop flooding the market when people stop buying. |
|
|
|
|
I think hybrid like Decred is the best. It has POW and POS and their POS also happens to be the most profitable at 1.38% a month as of today. The best thing about POS is that you buy and hold, earn interest and can sell at any time. With POW you need to dedicate a lot of money into the equipment, need to pay costs of electricity and if the network gets flooded with ASICS you lose your ass and will never make your money back unless you mined and hold for the long run. Either way you have to hold but POS is the safest bet.
|
|
|
|
Anyone who pays 10k for Inno's miners is in for a rude wake up call because it will be making $10 a day in 2 months.
For this to be true; A9 Current profit @ 700M sols: $130/day Total Nethash required @ $10/day per A9: 9,100M sols 182,000 A9 Zmaster shipped within 2 months Yeah probably not. Its a fact. The Decred Miners were making $200 a day and now 2 months later they are down to $30 a day and Inno had no competition from Bitmain. Now you can compare the A3 miner that Bitmain released vs Inno's S11 and the A3 was making $800 a day when first released but now 3 months later it is obsolete, can't even pay for electricity and the S11 makes $8 a day. This is very real and everyone should be scared. The A9 was making $130 a day but not anymore now its down to $112 and dropping like a rock. Whoever thinks they will make their $10,000 back in 6 months is delusional. |
|
|
|
|
Look at what Inno did to the new Decred miners. They have been pumping out 20k miners each month to where they flooded the market and it will take 2 years for anyone to make their investment back and that was without Bitmain entering the market. Now it will be Inno vs Bitmain to see who can flood the market the fastest and I expect Bitmains miners to be obsolete in 2 months which is what happened to the A3's for siacoin. Anyone who pays 10k for Inno's miners is in for a rude wake up call because it will be making $10 a day in 2 months.
|
|
|
|
CAUTION!!! Unless you are HODLing coins for future profit which may or may not happen or enjoy a really expensive hobby with quickly diminishing rewards. I'd advise proceeding with caution if you're considering investing in these miners.
I bought a D9 on the first wave from Innosilicon and was a strong supporter. Unfortunately, Inno flooded the market - driving rewards to down so quickly, even with the 1 one get 1 free promotion achieving ROI or turning a profit is so far down the road. And it's only going to get worse with the superior iBelink miner available now at similar pricing and Obelisk DCR miner becoming available soon.
Stats on 4/30:
Difficulty: 303,586,666
Nethash: 4.44 Ph/s
Daily Rewards: 1.77 DCR
Stats as of today:
Difficulty: 1,546,491,224
Nethash: 25.95 Ph/s
Daily Rewards: 0.35 DCR
Thank you, Inno!
Yes Innosilicon is a POS! They charge very high prices then flood the market so that no one will make their money back. I bought 1 from Halong and 1 from Innosilicon and Halong was doing it the right way by selling 1 batch every 1.5 months apart but they sold their tech to several manufacturers that just want to screw everyone. I will never support these companies again and I will just stick with Bitmain. At least they don't drive the ROI up to 2 years, put outrageous prices on miners and they have better support/warranty. So disappointed with Innosilicon’s release strategy because they royally screwed their customers by flooding the market. Even the first batch customers will have a difficult time reaching ROI before seeing any profits. So sad for paying so much for a “premium” miner that quickly went to shit. People who think Inno’s buy 1 get 1 free is a good deal is sadly mistaken or will find out soon enough with rewards diminishing so much. The ONLY saving grace right now is if DCR price skyrockets or spikes high enough to sell, buy low, accumulate more, rinse and repeat. At least Halong had it right with their release schedule and waiting. Hopefully, you’ve made your money back for the B29. Halong seems to be in shambles now, what’s going on with them now? Weird. Maybe they were a shell company. Idk. You have better experience with Bitmain than me. They flood the market as well. I will be lucky if I ever ROI on price I paid for my S9’s and L3+s. Unfortunately, it seems all Mining Manufactures really only care about profits from overselling machines and profits they made secretly mining before selling their soon to be obsolete machines to sucker customers for even more profits. Customers can paperchase in hopes and dispair, they don’t care. But hey suckers here’s some coupons, buy more machines. No thanks! Mining doesnt seem profitable anymore. I've only recently have made about 10k in coins with my B29 and D9 but the B29 was 11k and the D9 was 8.8k after shipping, tax and power supply. I will never make my money back thanks to these fucking retards and I would have been way better off just buying Decred. |
|
|
|
CAUTION!!! Unless you are HODLing coins for future profit which may or may not happen or enjoy a really expensive hobby with quickly diminishing rewards. I'd advise proceeding with caution if you're considering investing in these miners.
I bought a D9 on the first wave from Innosilicon and was a strong supporter. Unfortunately, Inno flooded the market - driving rewards to down so quickly, even with the 1 one get 1 free promotion achieving ROI or turning a profit is so far down the road. And it's only going to get worse with the superior iBelink miner available now at similar pricing and Obelisk DCR miner becoming available soon.
Stats on 4/30:
Difficulty: 303,586,666
Nethash: 4.44 Ph/s
Daily Rewards: 1.77 DCR
Stats as of today:
Difficulty: 1,546,491,224
Nethash: 25.95 Ph/s
Daily Rewards: 0.35 DCR
Thank you, Inno!
Yes Innosilicon is a POS! They charge very high prices then flood the market so that no one will make their money back. I bought 1 from Halong and 1 from Innosilicon and Halong was doing it the right way by selling 1 batch every 1.5 months apart but they sold their tech to several manufacturers that just want to screw everyone. I will never support these companies again and I will just stick with Bitmain. At least they don't drive the ROI up to 2 years, put outrageous prices on miners and they have better support/warranty. |
|
|
|
Innosilicon - I woke up this morning and found this -   I have 2 D9's - both are updated with the most recent firmware. As of lastnight - both are now operating at less than 1 Ghs. I've reset them, but no luck. What's going on? I had the same issue and it was with Luxor's east pool. I notified them and they are aware of the issue and after switching to their west pool the miners work fine again. Thank you for your feedback. Any problem for technical problem you can send email or add Skype miner_support@innosilicon.com.cn We will try our best to help you asap. Thank you. Any chance of releasing firmware with custom fan and frequency/voltage control? |
|
|
|
Innosilicon - I woke up this morning and found this - I have 2 D9's - both are updated with the most recent firmware. As of lastnight - both are now operating at less than 1 Ghs. I've reset them, but no luck. What's going on? I had the same issue and it was with Luxor's east pool. I notified them and they are aware of the issue and after switching to their west pool the miners work fine again. |
|
|
|
Dear D9 customer, As the difficulty of coin digging grows, to better serve the customers and bring more profits, Innosilicon optimizes the firmware of the D9 miner. After upgrading the firmware, the D9 calculating force can reach 2.4TH/s. The specific updates are as follows: http://www.innosilicon.com.cn/download/D9_20180524_071211.swuI just upgraded my firmware on both my miners and now I'm getting some really crazy hash rates. I'm getting anywhere between 1TH/s to 7TH/s  is this normal? I also updated the firmware, here are the comparisons for me: Old Firmware: 2.05 Th/S pool hash rate, (2.36 from GUI) @ 830W, Average 75C with fan speed at 75% New Firmware: 2.35 Th/S pool hash rate, (2.4 from GUI) @ 950W, Average 71C with fan speed at 55% Obviously, I've only been running with the new firmware for a couple hours, but so far, it seems better. I have not done the auto-calibration. Edit: Added hash rate reported sources. Are you seeing crazy hashrates directly from the miners like I am? They are wildly swinging up and down now.  I have not seen a large swing in the GUI-reported hash rates. I think the picture is from Awesome Miner GUI, which is showing wild swings. Although it shows average also. It is from awesome miner but when I logged into the miners I saw the exact readings I was getting in awesome miner. Refresh your miner status page fast when you log in to see if you see what I'm seeing. EDIT: It looks like when logged into the miner they only show average hashrates so when you first log into the miner after booting it you will see the high hashrates but as it averages out you will only see the average hashrate. |
|
|
|
|
