Dash difficulty 95million!!
$3 per day BEFORE electricity... Even at 10c per K/wh that's only 50c a day profit. Most people are losing money now.
What an absolute pile of shit these are!
Expect it to get worse before it gets any better. People are just now starting to plug in their Innosilicon A5's
https://www.youtube.com/watch?v=fa8cw5aeIkQ (pretty much first hand look of the A5 in action that wasn't posted by Innosilicon)
By the end of the month, there could potentially be 1000's plugged in.
Ahhhhhh crapppp.
I've made $25 USD in a few days so far using D3, A5's are gonna kill the difficulty even more once they all go online.. OMG
I'm only taking comfort in the fact of I'd pay the IRS 50% of what I paid for the beasts, if I did not get them ..admittedly, I should have gotten 2 L3+'s for about the
same price, at the time with bitmain psu's...but still..it will be that close this year with IRS in that it is kinda a wash....(a bit of money is going into Solo 401k as
a small business...same tax write off advantages as equipment...and you can use it to 'bank' whatever cytpo in the solo 401k...so I should always fill that bucket
first on mining..then the equip angle)
these guys
https://www.checkbookira.com/ ..Not cheap: but a better option than tossing money to IRS this year, IMHO.
Also, you can get your miner equip all applied to taxes owed THIS YEAR, for the full 25% in real money...APPLIED to taxes you know you already owe...again existing miners
can play this game...and no matter the games below, I will still owe IRS some $$$ this year...
thus, I'm done with equip deductions in mass at this time, in truth (with the overflow of only so much into the solo 401k) of looking at worse at a 25% loss in these units....(only applies to this weird year of growth)..again filling the solo 401k first with 30k or so...seems more prudent with them being more or less the same as equip writeoffs on gross income.
NOW, to the point on here....what I'm doing is ALL my mining of the D3's are on
www.prohashing.com and I myself am mining ALL TO LTC (pick your crypto poison)
In my view, I have a hard time believing (with my other scrypt pow knc titan and bitmain miners) that at $7k to $8k BTC ..that LTC won't at least be at worse
$100 and my own bet is $150 if not $300...so besides the Bitmain D3 x11 miners (2=$4k with psu/etc investment). ALL MY MINERS ARE SLAMMING OUT LTC ON THIS BET...to
be fair on my 'supposed' angle on mining....this year anyway...
thus IF I can get 3x the price out of LTC, say $300 bucks., eventually, on an LTC (or pick your crypto) price pump...all you need is your coin of choice to pop 3x in price (more or less)
IF ABOVE SUPPOSITION IS KINDA CORRECT (dubious)
I JUST MAY, sometime next year in 2018, IF VERY, VERY LUCKY, get my above 25% of the cost back (in paying the IRS anyway, at 50% rate and the added 25% equip deduction on these door stops of D3's ) WITH electric and call it a wash....I could very well end up with the USD i put in with the USD I put out...(sucks...but still) again, assuming I did zip and just paid IRS.
.....(whatever gets me thru the day)
it is THAT unlikely, with the above 'ego juggle' that I will ever get even that 25% back in real $$ and electric, etc..that is how UGLY this all is....very dire...
But, it is the HAIL MARY PASS, I am attempting at this time
I suppose you could pick/choose the next x11 coin to pop, or assume DASH will triple in price, at now worse odds....or say Helium x11 coin, could
unicorn drop out of the sky to save SOME ROI on these D3 space heaters...but again....this 25% back for anyone with electricity, may very well still be a long shot,
lame as that may be....again the whole x11 difficulty is that bad...(what I would pay for more algo's then x11 on a firmware fix is embarrassing)
*yeah, I don't think there is a chance in hell either...but my fragile ego demands I try*
But, something of some major note, will have to break our way, in x11 mining....or ..well.....you know.....plop!
I feel sorry for the new miners, that have no options on the game I'm playing above ...
anyway, likely a big unicorn dream....but I sure missed the turn on this path and walked right into the door edge...(smarts it does)
Anyway, what I'm doing to salvage my pride...(likely that is lost) but still....
bitmain: Where 'evil' kills your dreams......) (tm bitmain)
note: sorry about the free flow nature of my posts and length ..but I type as fast as I think and kinda just let it go out there like any rant we would
have on this kind of crypto discussions we have on here on bitcointalk in person
the length is not a big deal time wise
the rambling, well, that likely will not go away...if I drive you nuts ...feel free to put me on /ignore, I won't mind
