Bitmain looks like they're releasing a 15GH/s DASH miner called the AntMiner D3

[COINKING84]

This thread is really entertaining to read because you very clearly see both sides of the positive and negative outlook spectrum

If anyones interested I posted this video 1-2 weeks ago and it's my take on x11 mining / outlook
https://youtu.be/ipTsthJYn1g


bitcointalk is my online crypto home and I want to see its users do well - so here's my updated take on x11 mining today


Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.

Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.


There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH


Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.

Anyway, up to everyone to make their own decisions, when I was certain that IMO X11 was doomed I spoke my 2c to help those that I could on BTCtalk and my subscribers - so here's my updated 2c

you are only thinking about the right now. many x11 coins will be going up in price because of the D3. just mine and wait a few months.

[1715642941]

1715642941

[Dockin]

Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.

Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.


There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH


Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.

Dash is not doomed. The Dash mining difficulty has just caught up to the mining power that was pointed toward it. We all knew this was going to happen.. just didn't expect it to happen so fast. And just because it happened fast, doesn't really mean anything at the end of the day (other than disappointing people that thought they had bought a magic money machine that was going to hand them hundreds of thousands annually). It just means that it has now joined the rankings of established cryptocurrencies. There was no way the network was going to sustain allowing people to make even $50 a day if everybody else was also competing for $50 a day.

Disregard hardware cost for a moment, and just think about electricity cost to reward (efficiency). In the history of cryptocurrency mining, has there ever been a (decentralized) coin that was completely unprofitable to mine? No, the incentive game theory is and has always been applied to every cryptocurrency that has ever existed. People will stop mining it when the reward is to low, and the patient people will stick around until it becomes profitable to mine again. If it only remains unprofitable to mine with the most powerful equipment, then that means that it does not exist, or there are more efficient miners available that are not being released to the public.

In the US, the story will go like this:
- Eventually (pretty much now) the D3 will make about $2 - $4 a day, and the A5's will make $7 - $10 a day.
Huh.. What a coincidence. The Antminer S7 makes $2 - $4 a day and the Antminer S9 makes about $7 - $10 a day... strange.

I am not siding with Inno just because their miner is (allegedly) more efficient, because I do not agree with the insane price point.
But to be fair, everybody had fair warning that the D3 was not the most efficient miner out there even before you purchased it. It's like buying an Antminer S7 when the Antminer S9 already existed. I understand that you could of bought 5 or 6 D3's for the price of 1 A5, but if you have been in the mining scene before, you would know that efficiency is the name of the game. If you didn't want to purchase the A5 (I don't blame you one bit) then you bought the D3 hoping to make a quick profit before it was too late, by no means should you have though that the D3 was a good long term investment knowing that was like the equivalent of Dashs' version of Bitcoins' Antminer S7.

I don't see how this could negatively effect Dash's future. Changing the algo is irrelevant. I don't quite follow you on that one.

Mining companies are not in the business to make everybody else rich. That would be a horrible business model. They know what their doing and so should we.

[wheelz1200]

I agree, I see some people think that crazy mining difficulty kills a coin....not so, just miners profits.  More hash power does not correlate to killing a coin that's just dumb

[VoskCoin]

This thread is really entertaining to read because you very clearly see both sides of the positive and negative outlook spectrum

If anyones interested I posted this video 1-2 weeks ago and it's my take on x11 mining / outlook
https://youtu.be/ipTsthJYn1g


bitcointalk is my online crypto home and I want to see its users do well - so here's my updated take on x11 mining today


Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.

Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.


There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH


Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.

Anyway, up to everyone to make their own decisions, when I was certain that IMO X11 was doomed I spoke my 2c to help those that I could on BTCtalk and my subscribers - so here's my updated 2c

you are only thinking about the right now. many x11 coins will be going up in price because of the D3. just mine and wait a few months.

Well, let me know how it goes because I'm personally placing my crypto bets elsewhere, I'm a miner through and through so I hope it works out for all

[BenRickert]

Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.

Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.


There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH


Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.

Dash is not doomed. The Dash mining difficulty has just caught up to the mining power that was pointed toward it. We all knew this was going to happen.. just didn't expect it to happen so fast. And just because it happened fast, doesn't really mean anything at the end of the day (other than disappointing people that thought they had bought a magic money machine that was going to hand them hundreds of thousands annually). It just means that it has now joined the rankings of established cryptocurrencies. There was no way the network was going to sustain allowing people to make even $50 a day if everybody else was also competing for $50 a day.

Disregard hardware cost for a moment, and just think about electricity cost to reward (efficiency). In the history of cryptocurrency mining, has there ever been a (decentralized) coin that was completely unprofitable to mine? No, the incentive game theory is and has always been applied to every cryptocurrency that has ever existed. People will stop mining it when the reward is to low, and the patient people will stick around until it becomes profitable to mine again. If it only remains unprofitable to mine with the most powerful equipment, then that means that it does not exist, or there are more efficient miners available that are not being released to the public.

In the US, the story will go like this:
- Eventually (pretty much now) the D3 will make about $2 - $4 a day, and the A5's will make $7 - $10 a day.
Huh.. What a coincidence. The Antminer S7 makes $2 - $4 a day and the Antminer S9 makes about $7 - $10 a day... strange.

I am not siding with Inno just because their miner is (allegedly) more efficient, because I do not agree with the insane price point.
But to be fair, everybody had fair warning that the D3 was not the most efficient miner out there even before you purchased it. It's like buying an Antminer S7 when the Antminer S9 already existed. I understand that you could of bought 5 or 6 D3's for the price of 1 A5, but if you have been in the mining scene before, you would know that efficiency is the name of the game. If you didn't want to purchase the A5 (I don't blame you one bit) then you bought the D3 hoping to make a quick profit before it was too late, by no means should you have though that the D3 was a good long term investment knowing that was like the equivalent of Dashs' version of Bitcoins' Antminer S7.

I don't see how this could negatively effect Dash's future. Changing the algo is irrelevant. I don't quite follow you on that one.

Mining companies are not in the business to make everybody else rich. That would be a horrible business model. They know what their doing and so should we.

Preach it Brother!! I seriously LOVE this guy!! Thank you for putting this so well. You are 100% correct!! I tried to say this in here 3-4 months back when I saw all these "Goldrush" types diving on their swords and they got pissed off. That was very well written and I applaud your calculated rationale. Don't worry though. They won't listen. There is only one thing people hate more than Poetry.....they hate the truth much more.

[Dockin]

Cut your losses. . there is no magical coin around the corner here to save X11/Dash, Bitmain & the other companies have destroyed X11.

Innosilicon may be the worst of them all, at least bitmain only charged you ~1.5k for most of the D3's, the A5's cost the buyers 10 grand, that's insane.


There is no one coming to save X11 or Dash, x11 miners will miss the days they made $4 profit a day . .by NEXT MONTH


Furthermore I think this will negatively effect Dash's future, to the point if I was in charge of Dash, I'd change the mining algo, FWIW I sold all of my dash on todays price increase.

Dash is not doomed. The Dash mining difficulty has just caught up to the mining power that was pointed toward it. We all knew this was going to happen.. just didn't expect it to happen so fast. And just because it happened fast, doesn't really mean anything at the end of the day (other than disappointing people that thought they had bought a magic money machine that was going to hand them hundreds of thousands annually). It just means that it has now joined the rankings of established cryptocurrencies. There was no way the network was going to sustain allowing people to make even $50 a day if everybody else was also competing for $50 a day.

Disregard hardware cost for a moment, and just think about electricity cost to reward (efficiency). In the history of cryptocurrency mining, has there ever been a (decentralized) coin that was completely unprofitable to mine? No, the incentive game theory is and has always been applied to every cryptocurrency that has ever existed. People will stop mining it when the reward is to low, and the patient people will stick around until it becomes profitable to mine again. If it only remains unprofitable to mine with the most powerful equipment, then that means that it does not exist, or there are more efficient miners available that are not being released to the public.

In the US, the story will go like this:
- Eventually (pretty much now) the D3 will make about $2 - $4 a day, and the A5's will make $7 - $10 a day.
Huh.. What a coincidence. The Antminer S7 makes $2 - $4 a day and the Antminer S9 makes about $7 - $10 a day... strange.

I am not siding with Inno just because their miner is (allegedly) more efficient, because I do not agree with the insane price point.
But to be fair, everybody had fair warning that the D3 was not the most efficient miner out there even before you purchased it. It's like buying an Antminer S7 when the Antminer S9 already existed. I understand that you could of bought 5 or 6 D3's for the price of 1 A5, but if you have been in the mining scene before, you would know that efficiency is the name of the game. If you didn't want to purchase the A5 (I don't blame you one bit) then you bought the D3 hoping to make a quick profit before it was too late, by no means should you have though that the D3 was a good long term investment knowing that was like the equivalent of Dashs' version of Bitcoins' Antminer S7.

I don't see how this could negatively effect Dash's future. Changing the algo is irrelevant. I don't quite follow you on that one.

Mining companies are not in the business to make everybody else rich. That would be a horrible business model. They know what their doing and so should we.

Preach it Brother!! I seriously LOVE this guy!! Thank you for putting this so well. You are 100% correct!! I tried to say this in here 3-4 months back when I saw all these "Goldrush" types diving on their swords and they got pissed off. That was very well written and I applaud your calculated rationale. Don't worry though. They won't listen. There is only one thing people hate more than Poetry.....they hate the truth much more.

Thanks BenRickert. I appreciate the acknowledgement. And yes, I think we all hate the truth sometimes!

[Rafalski Bros]

Hey guys! I personally received a bunch of d3 as of a few days ago and have already found a reliable hosting facility. I mostly see here people that bought 1-15 miners and now are panicking. I have been in the game for a long time and this scenario is no different then any other. Crypto Business is very predictable, especially when it comes to Bitmain way of thinking. Yes, you will end up making a small amount of change for a while, but if you BELIEVE in this wicked game, you will at the end be rewarded. Same Thing happened to bitcoin miners. Here is What will happen, BIG FISH will NOT let D3 stay unprofitable, thats one. BITMAIN would not release a miner if they didnt know what they were doing. This game is not in your hands, but in big player hands.  While your selling your miners Under 1k, all the big fish will buy out and laugh at you when dash will hit 1500$ in a few month and they are the only ones mining. And dont forget, every antminer has hidden hash power that mines for BITMAIN. Yes every miner out there brings revenue for them too=]. Cheers, just believe that the future holds rewards whether your in GPU or Latest Asic equipment. D3 WILL NOT FAIL, just be patient

[BenRickert]

Hey guys! I personally received a bunch of d3 as of a few days ago and have already found a reliable hosting facility. I mostly see here people that bought 1-15 miners and now are panicking. I have been in the game for a long time and this scenario is no different then any other. Crypto Business is very predictable, especially when it comes to Bitmain way of thinking. Yes, you will end up making a small amount of change for a while, but if you BELIEVE in this wicked game, you will at the end be rewarded. Same Thing happened to bitcoin miners. Here is What will happen, BIG FISH will NOT let D3 stay unprofitable, thats one. BITMAIN would not release a miner if they didnt know what they were doing. This game is not in your hands, but in big player hands.  While your selling your miners Under 1k, all the big fish will buy out and laugh at you when dash will hit 1500$ in a few month and they are the only ones mining. And dont forget, every antminer has hidden hash power that mines for BITMAIN. Yes every miner out there brings revenue for them too=]. Cheers, just believe that the future holds rewards whether your in GPU or Latest Asic equipment. D3 WILL NOT FAIL, just be patient

You work for Bitmain customer support don't you!?!?!? LOL!!

[Dockin]

Hey guys! I personally received a bunch of d3 as of a few days ago and have already found a reliable hosting facility. I mostly see here people that bought 1-15 miners and now are panicking. I have been in the game for a long time and this scenario is no different then any other. Crypto Business is very predictable, especially when it comes to Bitmain way of thinking. Yes, you will end up making a small amount of change for a while, but if you BELIEVE in this wicked game, you will at the end be rewarded. Same Thing happened to bitcoin miners. Here is What will happen, BIG FISH will NOT let D3 stay unprofitable, thats one. BITMAIN would not release a miner if they didnt know what they were doing. This game is not in your hands, but in big player hands.  While your selling your miners Under 1k, all the big fish will buy out and laugh at you when dash will hit 1500$ in a few month and they are the only ones mining. And dont forget, every antminer has hidden hash power that mines for BITMAIN. Yes every miner out there brings revenue for them too=]. Cheers, just believe that the future holds rewards whether your in GPU or Latest Asic equipment. D3 WILL NOT FAIL, just be patient

You work for Bitmain customer support don't you!?!?!? LOL!!

Hahaha I hope he does! 

Everybody who is saying that they are going to be profitable because they are so sure that the price of Dash 'will' increase should really really just buy Dash. What if, (and stay with me here) instead of buying a bunch of D3s, you bought a bunch of Dash? A year later, or 5 years later, you will still have more Dash than if you tried to mine it with several D3s.

Bitmain would not decide to loose out on profits for the greater good of their customers. Their business model, as well as every other mining companies business model is quite simple.

1. Sell shiny boxes that people will buy
2. Profit
3. Use that money to create more shiny boxes
4. Ect..

[Marvell2]

Hey guys! I personally received a bunch of d3 as of a few days ago and have already found a reliable hosting facility. I mostly see here people that bought 1-15 miners and now are panicking. I have been in the game for a long time and this scenario is no different then any other. Crypto Business is very predictable, especially when it comes to Bitmain way of thinking. Yes, you will end up making a small amount of change for a while, but if you BELIEVE in this wicked game, you will at the end be rewarded. Same Thing happened to bitcoin miners. Here is What will happen, BIG FISH will NOT let D3 stay unprofitable, thats one. BITMAIN would not release a miner if they didnt know what they were doing. This game is not in your hands, but in big player hands.  While your selling your miners Under 1k, all the big fish will buy out and laugh at you when dash will hit 1500$ in a few month and they are the only ones mining. And dont forget, every antminer has hidden hash power that mines for BITMAIN. Yes every miner out there brings revenue for them too=]. Cheers, just believe that the future holds rewards whether your in GPU or Latest Asic equipment. D3 WILL NOT FAIL, just be patient

lol my thoughts exactly the panic here is ridiculous we have seen this all before lol

[ZedZedNova]

And dont forget, every antminer has hidden hash power that mines for BITMAIN. Yes every miner out there brings revenue for them too=].

Well, gee. Would that be betting that noobs don't remember to change, or know that they can change, from pointing their shiny new toaster at bitmain's own mining pool? You know the one. The one that uses PPS for payout, but keeps all the transaction fees in the blocks for themselves?  

Just imagine what that means. If bitmain's own pool had mined this block:

https://btc.com/0000000000000000007bdc9ed9b9e79fa3010c982a81af7b6b2458d924dc828f

They would have kept 13.40062221 BTC which at current USD exchange rate of 5928.35 USD/BTC is 79,443.58 USD.

[djkice]

be interested to know what pools you guys using? i got like 3$ worth of dash in 24 hours before electricity...

[caymanguy]

be interested to know what pools you guys using? i got like 3$ worth of dash in 24 hours before electricity...

i switch it OFF not worth it

[caymanguy]

be interested to know what pools you guys using? i got like 3$ worth of dash in 24 hours before electricity...

i switch it OFF not worth it

bitmain down the profit of L3 also they want to sell everything

L3 now bring 8 $ aday instead of 14

[Rafalski Bros]

No i dont work for Bitmain =],  I dont believe they need anyone to push their product . Well yeah True trading crypto is probably a better bet. GEE for the BTC i paid them for d3 i would have had 3x more $ to spend .. Recently I got s9 for Bit coin cash, and in 2 weeks bitcoin cash has quadrupled so i woulda gotten 4x miners if i waited. I mean look at ebay, d3s flying for 600$!!! I would have bought 500 machines if i just kept btc and then spent it all on ebay. Im still learning, everyday is a different day in this world. But still I am proud of my investment whatever the situation is. I believe it will be a stable income.

[crypticj]

here is some more great news [sarcasm] my D3s for Nov 21-29 batch were just shipped will be here in 2 days. Expect difficulty to jump again. Also clever bitmain is only sending D3s and not the PSU i bought with it. very smart of bitmain. very smart. so i have a shiny D3s but no way to power them.

[altobeli]

just a quick update....updated firmware and now running stable @20Ghs

thanks to all who mentioned the firmware upgrade here on forum!  happy mining and good luck

At the moment on my D3 speed is 17800 MH to 21000MH/s  on nicehash.com is it normal ? Firmware update will help ?

[toefu]

bitmain has probably been mining dash for some time now. what it appears to be, is that once bitmain loses the ASIC monopoly on an algorithm, they basically just dump their entire inventory.

similar to diamond mines, if they own the monopoly they throttle the product slowly to maximize profits.  Right before Innosilicon came to market, bitmain dumped d3 to spoil the market and perhaps even kill the competitor. Now we're seeing 2 new litecoin miners and it seems bitmain is out to do the same once more.

http://1stminingrig.com/bw-l21-litecoin-scrypt-asic-miner-review/
http://1stminingrig.com/litecoin-scrypt-asic-miner-wolf-review-1-2-ghs/

by the time these guys can actually make it to market with a reasonable volume (if they ever do), it'll already be over for them. All the money spent on R & D will be toast. hard to spend 4k on a miner that yields $3 a day (after the flood). i dont think anyone was expecting to make $50 a day mining the d3, but atleast 5-10 bucks a day is still reasonable. 6 months ROI is perfectly acceptable.

[Dopert]

@VoskCoin; That Doom Bitmain employee is epic 

[wolf_miner]

    It's hilarious, I am still waiting for my APW3++ PSU and my D3s has arrived two weeks ago.

Cheers

here is some more great news [sarcasm] my D3s for Nov 21-29 batch were just shipped will be here in 2 days. Expect difficulty to jump again. Also clever bitmain is only sending D3s and not the PSU i bought with it. very smart of bitmain. very smart. so i have a shiny D3s but no way to power them.