(Review/Guide) WhatsMiner M3 11.5 Th/s, 2000W Bitcoin (SHA-256) ASIC miner

[Halikin]

It seems they will also support hosting. Anyone already bought with this option?

The latest information is unfortunately, that hosting is not available at the moment.

I would've been interested to buy few for hosting.

Actually I'm interested in left mine 3 bought there otherwise they send to me.

I bought some with hosting, but they're pretty consistent saying they'll release hosting details later. With the crackdown in China, who knows if they'll still go through.

I didn't realized that. Good point to keep the eye on before buy with hosting.

[1714821182]

1714821182

[Tekno2020]

Pangolinminer is partnering with Kodak?

The Kodak KashMiner looks a lot like the WhatsMiner M3. 

BBC news article: http://www.bbc.com/news/technology-42630136

Compare that Kodak photo with this my photo: https://imgur.com/jkPC6k9

Very interesting development.  The machines look similar.  Would be interesting to see a large manufacturer like Kodak actually enter the miner production space, not just miner hosting.  

[HagssFIN]

Pangolinminer is partnering with Kodak?

The Kodak KashMiner looks a lot like the WhatsMiner M3. 

BBC news article: http://www.bbc.com/news/technology-42630136

Compare that Kodak photo with this my photo: https://imgur.com/jkPC6k9

Very interesting development.  The machines look similar.  Would be interesting to see a large manufacturer like Kodak actually enter the miner production space, not just miner hosting.  

I'm 99% sure that it is actually the WhatsMiner M3.

All the details in the design match perfectly.

[Tekno2020]

Pangolinminer is partnering with Kodak?

The Kodak KashMiner looks a lot like the WhatsMiner M3. 

BBC news article: http://www.bbc.com/news/technology-42630136

Compare that Kodak photo with this my photo: https://imgur.com/jkPC6k9

Very interesting development.  The machines look similar.  Would be interesting to see a large manufacturer like Kodak actually enter the miner production space, not just miner hosting.  

I'm 99% sure that it is actually the WhatsMiner M3.

All the details in the design match perfectly.

I'm sort of wondering why they would choose this miner design besides price point obviously, assuming it is produced by Panglominer with private label branding.  I guess the article does say that the have their own power plant @ 0.04$ per kwh.  That is cheaper than many industrial rates (0.05-0.06$) in the US. 

[HagssFIN]

Pangolinminer is partnering with Kodak?

The Kodak KashMiner looks a lot like the WhatsMiner M3.  

BBC news article: http://www.bbc.com/news/technology-42630136

Compare that Kodak photo with this my photo: https://imgur.com/jkPC6k9

Very interesting development.  The machines look similar.  Would be interesting to see a large manufacturer like Kodak actually enter the miner production space, not just miner hosting.  

I'm 99% sure that it is actually the WhatsMiner M3.

All the details in the design match perfectly.

I'm sort of wondering why they would choose this miner design besides price point obviously, assuming it is produced by Panglominer with private label branding.  I guess the article does say that the have their own power plant @ 0.04$ per kwh.  That is cheaper than many industrial rates (0.05-0.06$) in the US.  

They have a cheap electricity price rate.

And I think they've made a good deal with Pangolinminer.

[HagssFIN]

how much power hashrate in kodakminer?

Pangolinminer is partnering with Kodak?

The Kodak KashMiner looks a lot like the WhatsMiner M3.  

BBC news article: http://www.bbc.com/news/technology-42630136

Compare that Kodak photo with this my photo: https://imgur.com/jkPC6k9

The hash rate is 11.5 Th/s, because it is the WhatsMiner M3 with different labelling.

[btc2017btc2017]

There is a 3 pin cable on the PSU, there are 2 lots of 3 pin connectors on the control board. The miner works fine without it connected, am I supposed to connect the 3 pin cable to the 3 pin cable next to the 6 pin connector? There were no instructions

[HagssFIN]

@btc2017btc2017
I'm quoting my opening post here now, see this->

... <snip>
You can also follow their (Pangolinminer) tutorial video for more help.
It is quite clear and straight forward video.
Link: https://www.youtube.com/watch?v=e-Cj3QckFnI
... <snip>

edit: Whoops, the video was no longer available. I found the new video and updated the video link.

[Pangolinminer]

Hello,

This is Pangolinminer Team.

We here claim we don't have any relationship with pangolinsales.com

Please be careful of them. Since we found they scraping content directly from our website. You can see as below:

And it is very funny for them to do so, as they also copied our warning about replicate site

Pangolinminer :

https://drive.google.com/open?id=1almVjgH982apNjo24b50_8hRsjUOTh6X


Pangolinsales : (suspicious):

https://drive.google.com/open?id=1p-bKs0PZAorExZRSWZsH3ivxIYnESOuf

[HagssFIN]

Hello,

This is Pangolinminer Team.

We here claim we don't have any relationship with pangolinsales.com

Please be careful of them. Since we found they scraping content directly from our website. You can see as below:

And it is very funny for them to do so, as they also copied our warning about replicate site

Pangolinminer :

https://drive.google.com/open?id=1almVjgH982apNjo24b50_8hRsjUOTh6X


Pangolinsales : (suspicious):

https://drive.google.com/open?id=1p-bKs0PZAorExZRSWZsH3ivxIYnESOuf

Yeah, scammers are a real pain in the ass.

DO NOT ORDER FROM THIS WEB ADDRESS: PANGOLINSALES.COM
THEY ARE SCAMMERS.

THE ONLY OFFICIAL WEB SHOP IS IN THIS WEB ADDRESS: WWW.PANGOLINMINER.COM

[QuintLeo]

I guess the article does say that the have their own power plant @ 0.04$ per kwh.  That is cheaper than many industrial rates (0.05-0.06$) in the US. 

 But a little more expensive than what most of the LARGE mines in the US are paying (3 cents/KWH or a bit less).

 Heck, I'm paying close to that where I'm at right now on a SMALL BUSINESS rate - and could drop to quite a bit less if I could find an affordable and usable place in one of the 2 "next door" counties (or grow enough to get into the "large business" rate here).

[rifleman74]

I guess the article does say that the have their own power plant @ 0.04$ per kwh.  That is cheaper than many industrial rates (0.05-0.06$) in the US. 

 But a little more expensive than what most of the LARGE mines in the US are paying (3 cents/KWH or a bit less).

 Heck, I'm paying close to that where I'm at right now on a SMALL BUSINESS rate - and could drop to quite a bit less if I could find an affordable and usable place in one of the 2 "next door" counties (or grow enough to get into the "large business" rate here).

Kodak has 85 or so miners, and is trying to go up another 300 miners.  This isn't some big production, they're dipping their toes in while getting the money up front to pay for the miner and the electricity, while keeping the miner and 1/2 the profits after two years.

[genuineinside]

My miner having issue , it keep on changing the worker by it self any solution ? but the setting remain / please help

Pool   URL   Active   User   Status   Difficulty   GetWorks   Accepted   Rejected   Stale   LST   LSD
0   
stratum+tcp://sha256.mine.zpool.ca:3333   true   1JNne7HJAKdEeoanyTJD7uVxfs98zSwHYi Alive   65536   11   1   0   0   
Tue Jan 16 01:51:20 2018   65536  1   stratum+tcp://sha256.mine.zpool.ca:3333   false   1JNne7HJAKdEeoanyTJD7uVxfs98zSwHYi   Alive   0   0   0


(Moderator's note: This post was edited by frodocooper to remove the quote from HagssFIN's original post.)

[Zekeman]

Having the same exact issue my miner is switching to:

stratum+tcp://sha256.mine.zpool.ca:3333   true   1JNne7HJAKdEeoanyTJD7uVxfs98zSwHYi Alive   65536   11   1   0   0   
Tue Jan 16 01:51:20 2018   65536  1   stratum+tcp://sha256.mine.zpool.ca:3333   false   1JNne7HJAKdEeoanyTJD7uVxfs98zSwHYi   Alive   0   0   0


Anyone know why?

[HagssFIN]

Are you sure you don't have the miner exposed in the router DMZ area?

Or are you sure your firewall and virus protection safety is rock solid enough?

Smells like a security issue.

But please also contact Pangolinminer to go through troubleshooting: https://pangolinminer.com/

[genuineinside]

Are you sure you don't have the miner exposed in the router DMZ area?

Or are you sure your firewall and virus protection safety is rock solid enough?

Smells like a security issue.

But please also contact Pangolinminer to go through troubleshooting: https://pangolinminer.com/

This is how they reply , their customer services not helpful at all

Team Pangolinminer
Jan 12 (4 days ago)

to me
It's not our invoice and the goods you didn't buy from us, we can not provide the service, thanks.
 

[Cryptosaf]

@Cryptosaf

I tried to help him via pm conversation, hopefully you get it running soon.
Pangolinminer should be able to help you once they are at the office again.


I updated the opening post with the current 'How to order' information.

EDIT:
Update (December 24, 2017):
Pangolinminer is now taking orders through their web shop at their website www.pangolinminer.com
They should have few different shipping time batches for sale during the Christmas time.
The counter at the web shop page indicates that this would happen in December 26, 2017.

Pangolinminer: www.pangolinminer.com

A quick update for you.  I eventually got technical assistance from the Whatsminer guys, they connected via Teamviewer.  They changed my DHCP address settings on the M3 to static address and disabled the NTP time server settings in the device config.  Now it works.  Odd, but happy nonetheless.  Next question I have, with cooling requirements (because this thing gets SO hot, i am wondering if it is even worth having.  At roughly $6 per day for electricity, and the device only makes about $15 per day (without cooling) I don't think this device is profitable.  If I factor in cooling, that takes a further chunk out of that $15 per day value.  Also, I was connected to Slushpool and after several hours the Slushpool dashboard eventually came down from 31 years to threshold for payout to 6 months.  That was with payout settings @ 0.1 BTC.  So I changed it from 0.1 to 0.01 BTC for payout.  After a few more hours it eventually changed to 2 weeks and 1 day to reach payout.

So my thinking is, if this device takes 2 weeks to payout a mere $130, with $6 a day electricity ($90) that means on a 2100w device profit is $40.  That is not worth it at all.  I've been watching YouTube videos where guys are making $50/day using an Antminer S9 with 13TH/s which is hardly that much more than the M3 so I don't understand how @ 12TH/s this M3 is not really profitable.  You would need several of these devices, but one definitely is not profitable by my calculations.  To contrast this, I have 5 GPU's (not even a full rig, I have 3 GPU not attached to that rig yet) that does over $20 per day some days with a smaller and 80+ Gold rated PSU and I've watched my electricity consumption and it's noticeably lower than the M3 and the entire rig has an average temperature of 60 degrees celcius.  Granted it is mining a different coin but the point I am trying to make is that unless you have a mining farm and you're selling hash power, Bitcoin mining is no longer profitable.  The reason these mining farms make so much cash is that with every contract they make their money back almost instantly, so their sunken cost are returned far ahead of schedule in comparison to a solo miner who needs to earn back their sunken costs.

What are your thoughts?

[Biffa]

My thoughts are you should have done more research into this beforehand.

Bitcoin mining is not something you can do at home. Its something you do in a datacenter where the miners can be kept cool and have lower electricity costs.

You also have to keep up with the difficulty increases by buying more miners as you go forwards. And you have to understand its all a risk and that drops in BTC price can wipe out your profit.

I still don't see what your problem is, $15 a day still takes only 80 days to break even on your investment. What other investment opportunity gives you that?

[HagssFIN]

My thoughts are you should have done more research into this beforehand.

Bitcoin mining is not something you can do at home. Its something you do in a datacenter where the miners can be kept cool and have lower electricity costs.

You also have to keep up with the difficulty increases by buying more miners as you go forwards. And you have to understand its all a risk and that drops in BTC price can wipe out your profit.

I still don't see what your problem is, $15 a day still takes only 80 days to break even on your investment. What other investment opportunity gives you that?

I agree with you.

[Cryptosaf]

My thoughts are you should have done more research into this beforehand.

Bitcoin mining is not something you can do at home. Its something you do in a datacenter where the miners can be kept cool and have lower electricity costs.

You also have to keep up with the difficulty increases by buying more miners as you go forwards. And you have to understand its all a risk and that drops in BTC price can wipe out your profit.

I still don't see what your problem is, $15 a day still takes only 80 days to break even on your investment. What other investment opportunity gives you that?

Ta for the thoughts but despite the way it sounds, I did my research and I was perfectly happy to take the chance, why not, it's great to learn things.  I do not agree however with your comments regarding Bitcoin mining being only a datacenter thing.  There are plenty Antminer S9 owners who have 1 or 2 of these devices and they seem to manage.  Quite often though people tend to focus on the gross payout per day and forget about the costs involved.  Electricity for specifically the M3 is higher than other miners, also it gets pretty hot under regular operation which requires cooling.  I live in Africa, it's very hot here on a normal day and it is not so simple to calculate what kind of cooling requirement one would need in my type of environment, so as with any investment, you make an educated guess based on the facts that you have and you take the chance.  It either works out or it doesn't, I could keep running the M3 yes, but the payoff is not what I would call worth it, despite that it will pay itself off eventually.  For some the Antminer S9 seems to be profitable, either their parents pay for electricity and cooling and they can run their rigs without concern or they have subsidised electricity or the climate in which they operate is naturally cooler.  Either way, I have watched several hours of YouTube vids of S9 owners happy with their investment.

My argument has not quite been considered in its entirety.  @ $15/day, with $6/day on electricity, that leaves $9/day before I calculate cooling costs.  Cooling costs will erode that value further, as I said it is very hot here in Africa so cooling is a huge factor.  On the GPU rig mining equihash, the electricity usage is much lower, and the rig does not require serious cooling, I have a 100w fan blowing in the rig rooom and that is good enough, however the 100w fan is not enough to keep the M3 from overheating.  So, I do not walk away with $15 per day, it's more like $6/day after costs have been taken into account, not to mention the fact that the machine is very noisy.  And before you mention it, I was aware it would be noisy but one doesn't know how your environment will react to something until you have the kit and you run it.  In terms of the GPU's, I initially bought 8 x GTX 1070's, the risers I had (8 of them) were mostly faulty so I ended up only being able to use 5 while I wait for new risers.  In terms of overall rig size and value spent, it's a pricier rig for sure, but the return is greater pound for pound and is cheaper to run.  I can't recall the exact values as I don't have the invoices to hand but I definitely did pay more for the GPU rig components.  I average between 2300 and 2500 sol/s on the 5 GPU's, they can go higher as they collectively inch over 3000 sol/s sometimes at night for some reason, but I'm not convinced these risers are all that as the GPU hashrate is eratic during the day.  I OC each GPU a bit to where it is stable but these risers are definitely bad grade.  I'll add the other 3 GPU's when the new risers arrive, that'll push the hashrate to between 3500 and 4000 sol/s (depending on my OC settings and rig stability).  On current values for equihash, that's anywhere between $500 and $700 per month depending on equihash value and my hashrate (never sure how accurate these calculators are) but between 2:32am yesterday morning and 12:28 today these 5 GPU's earned $29, with less than $6 of that is electricity.  So while in time the M3 will pay itself off, it's not the kind of return I am looking for, and I don't think I'm being unreasonable.  It does represent SOME kind of return, I agree, but we are all into crypto mining for our own reasons and we all have our own expectations.  

Anyway, my point is that the GPU game pays off quicker than the Bitcoin mining game and I totally understand why and all the technical considerations such as difficulty, I sell enterprise blockchain as a service so it's my job to know what this technology is all about and how the various algo's work and their short comings, so allow my comments on the basis that I've done my calculations and research and the M3 numbers don't work for "me" as well as the GPU numbers work, despite the fact that the GPU rig is more expensive.  The GPU rigs will pay themselves off sooner, by comparison, and the post breakeven earnings will be in line with my expectations.  That's all.  Everyone if of course free to have their own opinion of things.