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Author Topic: Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3  (Read 182687 times)
bearsworth
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August 08, 2017, 03:39:49 PM
 #761

I appreciate the analysis that as hash rate climbs the price climbs.  However if you use BTC as an example there is a TON of hash chasing BTC and the profitability of those miners who mine BTC for the most part is really not very good.  This is why so many people mine the "alt's" and not BTC directly.  

With this much hash rate dumping on X11 even if the price climbs the return/profitability of the miners is going to really stink and by the end of the year, and is probably going to be a pretty grim picture.  I don't mine BTC directly for a reason.  And with this huge dog pile in X11 it looks like there are very good reasons to not mine X11.  Now if you were one of the lucky ones to get a DM11G in the first batches or possibly even one of the first batches from Bitmain you may have a shot at getting your ROI in good time frame, but everything after that starts to look like a daily grind to squeeze out any profit.  I say congrats to the guys who bought the first batches and will likely get rewarded for their risk taking.  Everyone else jumping in now are going to be shocked as their calculations for profits crumble.

If you really think Dash is going that high then now is the time to buy a lot of Dash and hold it.

I have Baikal A900 giants and the profitability of those miners has fallen to almost nothing already regardless of the algo that they support.  By next month if things don't change those miners may be lucky to break even after cost at this rate of decline.

It is time for a reality check on the expectations for these miners.    Ask someone who is mining X11 right now what the picture looks like already.

I bet Bitmain will delay batches to release late September. They will announce, "Driver issue. More testing!"

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August 08, 2017, 04:03:55 PM
 #762

I appreciate the analysis that as hash rate climbs the price climbs.  However if you use BTC as an example there is a TON of hash chasing BTC and the profitability of those miners who mine BTC for the most part is really not very good.  This is why so many people mine the "alt's" and not BTC directly.  

With this much hash rate dumping on X11 even if the price climbs the return/profitability of the miners is going to really stink and by the end of the year, and is probably going to be a pretty grim picture.  I don't mine BTC directly for a reason.  And with this huge dog pile in X11 it looks like there are very good reasons to not mine X11.  Now if you were one of the lucky ones to get a DM11G in the first batches or possibly even one of the first batches from Bitmain you may have a shot at getting your ROI in good time frame, but everything after that starts to look like a daily grind to squeeze out any profit.  I say congrats to the guys who bought the first batches and will likely get rewarded for their risk taking.  Everyone else jumping in now are going to be shocked as their calculations for profits crumble.

If you really think Dash is going that high then now is the time to buy a lot of Dash and hold it.

I have Baikal A900 giants and the profitability of those miners has fallen to almost nothing already regardless of the algo that they support.  By next month if things don't change those miners may be lucky to break even after cost at this rate of decline.

It is time for a reality check on the expectations for these miners.    Ask someone who is mining X11 right now what the picture looks like already.

I bet Bitmain will delay batches to release late September. They will announce, "Driver issue. More testing!"

Have they done something like that in the past?
lynewyork
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August 08, 2017, 04:09:39 PM
 #763

Dash difficulty is going up like crazy now (even before the mass arrival of any big boys).

https://www.coinwarz.com/difficulty-charts/dash-difficulty-chart
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August 08, 2017, 04:11:09 PM
 #764

Current Dash network hashrate is somewhere around 15 TH/s. That means that if there was a total of ~7000 Antminers D3 sold in the first 3 batches, that the network hashrate is going to jump by (15GH/s=0.015TH/s) 0.015 TH/s*7000 = 105 TH. That is of course not including other ASIC manufacturers and making an assumption that all those Antminers already sold are not already hashing right now. This is pretty much a 10x bump in network hashrate even for first 3 batches. Does that means that the profits are going to be cut 10 times, leaving you with 20 bucks a day?

Am I mising something?
Do you honestly think the 15 TH that are mining now are going to stay on? Also, the other miners are going to be a minority. There's been historically a price increase with hash increase. We'll have to see if that holds true.

I do believe they are "testing" the miners that are about to be shipped, but even if 2/3 of the current hashrate are the ones that are going to be shipped, its still a ~10x increase. In my calculations, this batch coiming in november is looking at ~20 bucks a day, and its probably going to be a 3-5 months to ROI
Strebba90
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August 08, 2017, 04:20:51 PM
 #765

wow. good news.  Wink Smiley Smiley

now i have to decide to take a L3+ or D3. the date of shipping are the same.  Huh


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lentyna
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August 08, 2017, 04:28:29 PM
 #766

Does anyone have any idea how many D3s are going to be released in the past 3 batches? I was doing some calculations on difficulty and hashrate and came up with 1 GH/s adds about 22.5 to difficulty. So, one D3 would add 337.5 at 15 GH/s. I'm trying to see if it would be worth getting some in their next release.
Rumor has it;

Batch 1 = 200 units
Batch 2 = 3200 units
Batch 3 = 3500 units


If so....by your calculations an additional 2,328,750 Difficulty from current?

yep, that's not including their mining equipment or anyone else coming online before Nov.

Let's not forget iBelink and Innosilicon. X11 will be a battle ground in the next few months.

+ the D3 units Bitmain will put up on Hashnest

When are they planning to do that?

Ryancope123
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August 08, 2017, 04:30:51 PM
 #767

Hi guys, am I thinking right here. 15GH is 15,000 MH's?

Would half the current miners be turning off when the big miners come online? of setting the difficulty some what?

I will think the ROI will be very fast for the D3 in the first 2 batches...
asharpguy01
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August 08, 2017, 04:35:16 PM
 #768

Hi guys, am I thinking right here. 15GH is 15,000 MH's?

Would half the current miners be turning off when the big miners come online? of setting the difficulty some what?

I will think the ROI will be very fast for the D3 in the first 2 batches...

Yup. But that's it. Third and fourth will probably take much longer.  Unless you think Dash is going to $400-$500 sometime in the future.  
QuintLeo
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August 08, 2017, 05:47:06 PM
 #769

are we still feeling positive a obout ROI in a speedy time for the first few batches?

Absolutely, Dash is a popular coin and the price will adjust for later batches. It will get tighter as more farms get on but they will remain profitable for people who have decent electricity prices.

 Hashrate does NOT affect price. That's a very long-standing urban myth I wish folks would STOP spouting.

 Profitability follows PRICE, not the other way around.
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August 08, 2017, 05:49:44 PM
 #770

Just saw the announcement that additional D3's are available to buy end of this week. Maybe I'm overlooking but when do they expect to ship these?

 Probably late October, perhaps November - they've not announced that part yet that I've seen.
CryptoCrane
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August 08, 2017, 06:22:35 PM
 #771

I appreciate the analysis that as hash rate climbs the price climbs.  However if you use BTC as an example there is a TON of hash chasing BTC and the profitability of those miners who mine BTC for the most part is really not very good.  This is why so many people mine the "alt's" and not BTC directly.  

With this much hash rate dumping on X11 even if the price climbs the return/profitability of the miners is going to really stink and by the end of the year, and is probably going to be a pretty grim picture.  I don't mine BTC directly for a reason.  And with this huge dog pile in X11 it looks like there are very good reasons to not mine X11.  Now if you were one of the lucky ones to get a DM11G in the first batches or possibly even one of the first batches from Bitmain you may have a shot at getting your ROI in good time frame, but everything after that starts to look like a daily grind to squeeze out any profit.  I say congrats to the guys who bought the first batches and will likely get rewarded for their risk taking.  Everyone else jumping in now are going to be shocked as their calculations for profits crumble.

If you really think Dash is going that high then now is the time to buy a lot of Dash and hold it.

I have Baikal A900 giants and the profitability of those miners has fallen to almost nothing already regardless of the algo that they support.  By next month if things don't change those miners may be lucky to break even after cost at this rate of decline.

It is time for a reality check on the expectations for these miners.    Ask someone who is mining X11 right now what the picture looks like already.

I bet Bitmain will delay batches to release late September. They will announce, "Driver issue. More testing!"

Have they done something like that in the past?

Yes, the very first batch for the AntMiner S7 was slightly delayed. Bitmain ended up compensating everyone with bitcoin for the lost mining time.

Dexterqo
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August 08, 2017, 06:29:44 PM
 #772

Hi guys,
I have ordered one (october batch) so I hope that ROI will be about 2 months.
If it will make 500€ / month I will be happy. It's my first investition for mining, so let's see and good luck to all who ordered D3 too.  Wink
CryptoCrane
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August 08, 2017, 07:00:50 PM
 #773

Hi guys,
I have ordered one (october batch) so I hope that ROI will be about 2 months.
If it will make 500€ / month I will be happy. It's my first investition for mining, so let's see and good luck to all who ordered D3 too.  Wink

Welcome Dexterqo and congrats on getting one of the October batch D3s!

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August 08, 2017, 08:22:26 PM
 #774

Just saw the announcement that additional D3's are available to buy end of this week. Maybe I'm overlooking but when do they expect to ship these?

 Probably late October, perhaps November - they've not announced that part yet that I've seen.


1st November
cryptotore
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August 08, 2017, 09:58:54 PM
 #775

For anyone bothered with noise from the Antminers I can recommend this method:
https://www.youtube.com/watch?v=MttHe_qoZjw

Can't believe I havent done it before..
shaninium
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August 08, 2017, 10:32:53 PM
 #776

I appreciate the analysis that as hash rate climbs the price climbs.  However if you use BTC as an example there is a TON of hash chasing BTC and the profitability of those miners who mine BTC for the most part is really not very good.  This is why so many people mine the "alt's" and not BTC directly.  

With this much hash rate dumping on X11 even if the price climbs the return/profitability of the miners is going to really stink and by the end of the year, and is probably going to be a pretty grim picture.  I don't mine BTC directly for a reason.  And with this huge dog pile in X11 it looks like there are very good reasons to not mine X11.  Now if you were one of the lucky ones to get a DM11G in the first batches or possibly even one of the first batches from Bitmain you may have a shot at getting your ROI in good time frame, but everything after that starts to look like a daily grind to squeeze out any profit.  I say congrats to the guys who bought the first batches and will likely get rewarded for their risk taking.  Everyone else jumping in now are going to be shocked as their calculations for profits crumble.

If you really think Dash is going that high then now is the time to buy a lot of Dash and hold it.

I have Baikal A900 giants and the profitability of those miners has fallen to almost nothing already regardless of the algo that they support.  By next month if things don't change those miners may be lucky to break even after cost at this rate of decline.

It is time for a reality check on the expectations for these miners.    Ask someone who is mining X11 right now what the picture looks like already.

I bet Bitmain will delay batches to release late September. They will announce, "Driver issue. More testing!"

Have they done something like that in the past?

The l3+ were delayed too
shaninium
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August 08, 2017, 10:41:04 PM
 #777

Hi guys,
I have ordered one (october batch) so I hope that ROI will be about 2 months.
If it will make 500€ / month I will be happy. It's my first investition for mining, so let's see and good luck to all who ordered D3 too.  Wink

Thanks to its lower price you might be alright, but it will be more then 2 months. September batches have best chance, earlier the better. Depends on how u mine.
Dukebit
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August 08, 2017, 10:41:49 PM
 #778

can payment to Bitmain be made from your exchange wallet if you keep your coins on the exchange?

i would like to pay for the D3 miner with litecoin if i can manage to secure one on the 10th when they release the batch

I'm a bit worried that the Roi will take very long  for the November batch , the difficulty is currently just over 600000, by what i've read above some are predicting that it might rise to 6 million which will give about $20 p/d.

Is it still worth buying one of these?
thesavoyard
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August 08, 2017, 11:06:25 PM
 #779

can payment to Bitmain be made from your exchange wallet if you keep your coins on the exchange?

i would like to pay for the D3 miner with litecoin if i can manage to secure one on the 10th when they release the batch

I'm a bit worried that the Roi will take very long  for the November batch , the difficulty is currently just over 600000, by what i've read above some are predicting that it might rise to 6 million which will give about $20 p/d.

Is it still worth buying one of these?

You can pay from an exchange, I did. Remember, the difficulty will rise but it is likely that price of Dash will rise with it.

Lmaooo
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August 08, 2017, 11:11:16 PM
 #780

Wonderful, what a great news? Looking forward to hear how they perform. Hoping some day to put my hands on one of those "Dash" Miners to see them in action. Cool
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