DragonMint T1 16TH/S halongmining.com

[philipma1957]

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything.  Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900   Each next dec.  That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

I can not worry about breaking even.
I only worry about losing my profits.

The question for me is where do I buy for my power source.  I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins.
Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins.  All my gear is paid off.

So I have 1 limit 17kwatts.

the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer  but low coin prices and high diff will affect me.

one other place to mine has a 2kwatt cap and cost is ½ the coins  

so 17+ 2 = 19 /2 = 9.5 k-watt of free power

2-7 k-watt of risky power.

So I always try to fill  that  9.5 k-watt for me and 9.5 k-watt for my partners correctly.   the 2-7 of risky power is different.

i.e. I can't lose out unless I expand way way way over the 50/50 power deal.  Asic gear sucks for me as the warranty is shit.  gpu is safer as warranty is longer.

I am referring to profit from the new investment. Old investment back then are sure to profit.

If I invest it will be a larger solar array here in New Jersey with laws setup the way they are it is pretty much a no brainer.

The size will always be limited.  Next array may be 2 acres vs the 1 ¼ one I do with buysolar.  But they really can't lose money with current laws in place. In this state.

Now that we have had it up and running  we have an understanding of the numbers and math involved we are leaning more towards gpus  due to longer warranties and better service from gpu companies then asic companies offer.

A gpu with a 3 year warranty that will be honored looks far better to me then an asic with a 90 day warranty that gets pissed on.

[Sandal_Hat]

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything.  Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900   Each next dec.  That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

I can not worry about breaking even.
I only worry about losing my profits.

The question for me is where do I buy for my power source.  I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins.
Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins.  All my gear is paid off.

So I have 1 limit 17kwatts.

the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer  but low coin prices and high diff will affect me.

one other place to mine has a 2kwatt cap and cost is ½ the coins  

so 17+ 2 = 19 /2 = 9.5 k-watt of free power

2-7 k-watt of risky power.

So I always try to fill  that  9.5 k-watt for me and 9.5 k-watt for my partners correctly.   the 2-7 of risky power is different.

i.e. I can't lose out unless I expand way way way over the 50/50 power deal.  Asic gear sucks for me as the warranty is shit.  gpu is safer as warranty is longer.

I am referring to profit from the new investment. Old investment back then are sure to profit.

If I invest it will be a larger solar array here in New Jersey with laws setup the way they are it is pretty much a no brainer.

The size will always be limited.  Next array may be 2 acres vs the 1 ¼ one I do with buysolar.  But they really can't lose money with current laws in place. In this state.

Now that we have had it up and running  we have an understanding of the numbers and math involved we are leaning more towards gpus  due to longer warranties and better service from gpu companies then asic companies offer.

A gpu with a 3 year warranty that will be honored looks far better to me then an asic with a 90 day warranty that gets pissed on.

How many years to break even for the solar project, on its own?

If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?

[Raymond_B]

My little trio of ASICs are working away every day oblivious of all the difficulty gloom and doom. BTC price is down, as we all know, but I have my electricity easily covered and I get .01 BTC every 2-3 days. I have a few more miners on the way and will happily run them too.

While difficulty is important, as long as you're not stupid with your purchasing money mining is fine. All the "OMG IT'S OVER" talk makes me laugh.

[Shazam!!!]

If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?

I don't know how familiar you are with the price history of BTC, but it is very likely the price is going to rise again. You may want
to invest now while it's still low. Asic manufacturers still have time to have some tricks up their sleeves, as long as they can
make usable  products people can purchase. If a company like Pangolinminer can squeeze every last bit out of 28nm tech,
imagine what other companies, like bitmain, can do to turn a profit out of newer, more efficient tech. And, with the restrictions
some countries are putting on corporate mining farms, the "end of days" is still quite far away. One thing this thread does, is
show a company that may have a more efficient miner, or at very least show there is an opportunity for it in the future.

[Raymond_B]

If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?

I don't know how familiar you are with the price history of BTC, but it is very likely the price is going to rise again. You may want
to invest now while it's still low. Asic manufacturers still have time to have some tricks up their sleeves, as long as they can
make usable  products people can purchase. If a company like Pangolinminer can squeeze every last bit out of 28nm tech,
imagine what other companies, like bitmain, can do to turn a profit out of newer, more efficient tech. And, with the restrictions
some countries are putting on corporate mining farms, the "end of days" is still quite far away. One thing this thread does, is
show a company that may have a more efficient miner, or at very least show there is an opportunity for it in the future.

I definitely bought the dip this last time I had some limit buys for 5500 as well if it went lower. Was going to sell organs

My trading profit has 100% funded my mining endeavors.

To stay on topic, I do hope these are real for all the people's sake who have pre-paid. I am also confident Bitmain is preparing a new/updated/enhanced model as well.

[philipma1957]

I wonder what asic builders will end up doing about gpu mining.

I purchased 2 full gaming miners for 4600.

Came with everything.  Inculding two 1080tis in each one .

They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.

Payback is about 320 days.

They would be worth at least 900   Each next dec.  That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait

Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high.

I can not worry about breaking even.
I only worry about losing my profits.

The question for me is where do I buy for my power source.  I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins.
Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins.  All my gear is paid off.

So I have 1 limit 17kwatts.

the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer  but low coin prices and high diff will affect me.

one other place to mine has a 2kwatt cap and cost is ½ the coins  

so 17+ 2 = 19 /2 = 9.5 k-watt of free power

2-7 k-watt of risky power.

So I always try to fill  that  9.5 k-watt for me and 9.5 k-watt for my partners correctly.   the 2-7 of risky power is different.

i.e. I can't lose out unless I expand way way way over the 50/50 power deal.  Asic gear sucks for me as the warranty is shit.  gpu is safer as warranty is longer.

I am referring to profit from the new investment. Old investment back then are sure to profit.

If I invest it will be a larger solar array here in New Jersey with laws setup the way they are it is pretty much a no brainer.

The size will always be limited.  Next array may be 2 acres vs the 1 ¼ one I do with buysolar.  But they really can't lose money with current laws in place. In this state.

Now that we have had it up and running  we have an understanding of the numbers and math involved we are leaning more towards gpus  due to longer warranties and better service from gpu companies then asic companies offer.

A gpu with a 3 year warranty that will be honored looks far better to me then an asic with a 90 day warranty that gets pissed on.

How many years to break even for the solar project, on its own?

If this dragon is real, difficulty3 will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?

The solar has a 20-30 year life span.

With New Jersey rules and incentives it will pay off in 3-5 years.

So at worst 15 years to 20 years of viable paid off energy.

[Thetaj]

The solar has a 20-30 year life span.

With New Jersey rules and incentives it will pay off in 3-5 years.

So at worst 15 years to 20 years of viable paid off energy.

Even with the free electricity, we're still sinking costs into the ASICs (and also opportunity cost if you're also trading). I don't have solar, but I do have very cheap Electricity Phil. Even I have to admit, By the time my new machines ROI, the people who bought BTC@7k will probably be 5x richer from the same amount of money lol

[philipma1957]

The solar has a 20-30 year life span.

With New Jersey rules and incentives it will pay off in 3-5 years.

So at worst 15 years to 20 years of viable paid off energy.

Even with the free electricity, we're still sinking costs into the ASICs (and also opportunity cost if you're also trading). I don't have solar, but I do have very cheap Electricity Phil. Even I have to admit, By the time my new machines ROI, the people who bought BTC@7k will probably be 5x richer from the same amount of money lol

it is why  I have drifted away from asics towards gpus

I still have 30k in gpu gear.

and I have  under 10k in asics.  I have 1 two board s-9  buysolar has   3 or 4 s-9s

I don't trade as I don't gamble/speculate.

With  the  set power cost  deal I have I will always profit  as long as I don't go far past the arrays power cap.

So a gpu with a 3 year warranty not pushed will last the 3 years and always earn over power cost.

Of course  my earnings   may not hit 15k a month like in dec .


I am 1181 all mine      1181
and 187    50-50            93
and 2566  50-50          1283

total = 2557  after all costs

and I left out  2 board s-9 on 50-50   that is 0.02385 btc 50 -50   a month   about 90 more

so 2656 usd a month net.

When buysolar found me and showed me his plan for the array  I realized I could   get rid of one risk in mining that is power.

We started out with  avalons and s-7s  and gear broke a lot.  S-7's  and psu's more so then avalon.

after study of cost factors.   I realized  we could shift towards gpu mining and get rid of   gear breaking issues.

Then gpus took off last year.  So I do lots of cost  risk projections and gpus  are almost always better due to solid warranty.  Plus  fans break more then any other thing and that is a cheap fix.

I like the idea of a better asic like this dragonmint but right now  at 16th and 1200 watts

my deal   would be 8000 th and 0 power  so in a year  it earns 2000 usd

that  creates  a risk for me if it breaks

for a guy like you  in a year  at 4 cent power  it nets 3600.

I used 8000  a coin with flat diff  we both know diff won't be flat and price is ?

I imagined price rise to equal diff rise.  so  the asic for you is less risky then for me.  mostly due to my power deal.

Buysolar tends  to   have a few extra  asics all to himself on the array .  While our shared miners are the gpus which I own completely.

I hesitated to buy here at first due to preorder wait which kills me math wise.

[Thetaj]

its interesting you say that. I started with GPUs and ended up moving towards ASICs......so complete opposite. I do still have some GPUs mining Zcash since July last year, but they are by and large a much smaller %. I do have to admit that the GPUs did ROI in around 4 months in total, but it was mostly because Zcash boomed alot during the time.

Still, investors made way more money than me I think (one of them being my sister)

[philipma1957]

its interesting you say that. I started with GPUs and ended up moving towards ASICs......so complete opposite. I do still have some GPUs mining Zcash since July last year, but they are by and large a much smaller %. I do have to admit that the GPUs did ROI in around 4 months in total, but it was mostly because Zcash boomed alot during the time.

Still, investors made way more money than me I think (one of them being my sister)

yeah it is always a juggling act

gpu gear
asic gear
coins
cash
power price
power cap
heat cap
debt
-----
diff
coin price
-------------
all 10 above  need to be studied and shifts made with the ones I can control.

I am :

gpu heavy
asic lite
coin lite
cash heavy right now
power price controlled
under power cap
under heat cap
0 debt

--------------
diff
coin price
--------------

I am prepping for dragon miners next month

and as always can not control diff and coin prices

the other 8 I have choice

As time has moved on  

I was a  5,000  dollar guy
Then  a 10,000 dollar guy
Then  a 20,000 dollar guy
Now   a 50,000 dollar guy

By Jan 2019 ?

[HagssFIN]

Phil, any news about discussions with Yoshi?

I think a good move would be that they would be able to send a Dragonmint unit to you for a review in March or April.

It would repair some PR damage.

[philipma1957]

Phil, any news about discussions with Yoshi?

I think a good move would be that they would be able to send a Dragonmint unit to you for a review in March or April.

It would repair some PR damage.

I will shoot him an email on monday.

we have not  exchanged emails  for a while

[Sandal_Hat]

If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?

I don't know how familiar you are with the price history of BTC, but it is very likely the price is going to rise again. You may want
to invest now while it's still low. Asic manufacturers still have time to have some tricks up their sleeves, as long as they can
make usable  products people can purchase. If a company like Pangolinminer can squeeze every last bit out of 28nm tech,
imagine what other companies, like bitmain, can do to turn a profit out of newer, more efficient tech. And, with the restrictions
some countries are putting on corporate mining farms, the "end of days" is still quite far away. One thing this thread does, is
show a company that may have a more efficient miner, or at very least show there is an opportunity for it in the future.

Past price is not an indication of future price.

And if u think btc price is going to rise, u should just buy btc. U will make alot more than mining for sure. If u had invested in btc last year at 800 bucks, u make 10 times your money now at 8000 USD. Mining will not give u anywhere near that much. This year, mining difficulty will go up higher than last year as it is due to more manufacturers and greater interest in it.

Also, seems gpu is more profitable now as gpu supply is not as abundant as asics. There are only 2 gpu manufacturers versus alot of asic manufacturers.

[Sandal_Hat]

The solar has a 20-30 year life span.

With New Jersey rules and incentives it will pay off in 3-5 years.

So at worst 15 years to 20 years of viable paid off energy.

Wow, 3-5 years payoff with 20-30 lifespan. It is a good deal for u. It guards against possible higher electricity cost too.

Your only other major risk is ethereum going proof of stake. It is possible that eth going pos would kill gpu mining because eth is the main. Once eth pos, every eth miner will point gpu to other coins. Other coins difficulty will skyrocket and possibly not be profitable. Then, there will be alot of gpu firesales in the market as everyone is selling. Just investing in solar alone could be better. Maybe u can resell the energy cost to your state.


(Moderator's note: This post was edited by frodocooper to remove nested quotes.)

[Thetaj]

Phil, any news about discussions with Yoshi?

I think a good move would be that they would be able to send a Dragonmint unit to you for a review in March or April.

It would repair some PR damage.

I will shoot him an email on monday.

we have not  exchanged emails  for a while

I will follow this very closely as well. Thanks Phil for sticking your neck out on this, whichever way it goes.

[The Demon Slick]

I don't think the haloongs will bring up the difficulty rating. I'm more concerned about big operations like bitfury hut 8. I do expect a new bitmain machine this year, as other posters have speculated. I still think haloong needs to get this thing out ASAP or they're going to miss their window. At those prices it's already a tough sell, if better tech keeps releasing they're going to be sitting on a release that would have been huge 6 months earlier.

[Sandal_Hat]

I don't think the haloongs will bring up the difficulty rating. I'm more concerned about big operations like bitfury hut 8. I do expect a new bitmain machine this year, as other posters have speculated. I still think haloong needs to get this thing out ASAP or they're going to miss their window. At those prices it's already a tough sell, if better tech keeps releasing they're going to be sitting on a release that would have been huge 6 months earlier.

Halong, assuming they are real, will be releasing orders taken from december onwards. It is bad enough already. It is about to get worst.

It is possible for a whole industry (big and small players) to make losses for even a decade ...as u can see in the bulk carrier shipping industry. U can google about that as an example.

A good example is just the D3 now. D3 miners will run the machines even if it makes 20-30 bucks a month per machine lol. So, the big low cost miners will make say 70-80 bucks per D3 and the smaller miners will make 20-30 bucks per machine. No one breaks even either way. Hopefully, it does not occur here...

[philipma1957]

Phil, any news about discussions with Yoshi?

I think a good move would be that they would be able to send a Dragonmint unit to you for a review in March or April.

It would repair some PR damage.

Sent this today


Re: Dragonmint
Tuesday, February 13, 2018 11:08 AM
From:
"PHILIP .........." <phili.........yahoo.com>
To:
philip.....yahoo.com "Yoshi Goto" <yoshi....com>
Hi Yoshi,  

Just touching base  on cc purchase of 4-5 of these units.

https://bitcointalk.org/index.php?topic=2443327.msg30087353#msg30087353
https://bitcointalk.org/index.php?topic=2443327.msg30088378#msg30088378


I have stuck to my guns on this gear being real.  We have a long relationship of business and you have been fair to me.
If you can get one a bit early for me it would be nice.
I did nice reviews on the autominer.at 13 gpu miner and did not reveal any of their secrets with my review.

https://www.youtube.com/watch?v=j-0nlCWXAf0
https://www.youtube.com/watch?v=BobJrsFuSNA
https://www.youtube.com/watch?v=9a5zXdRMxxc



BTW here is HagssFIN  avalon review

https://bitcointalk.org/index.php?topic=2937129.msg30172375#msg30172375


If I do a review of the Dragonmint  and you want it to be more discrete then the one above  more like my Autominer.at review I would no show trade secrets. This is my autominer review

https://bitcointalk.org/index.php?topic=2769704.0

Just touching base.  Let me know how stuff is going on your end.
I sold a lot of gear  to make space in my solar array for the dragonmints  so I hope you come through. I am going to put this in the thread on bitcointalk. As I do not feel I have anything to hide here.

Best regards,

Phil

[vegascoinpool]

Very cool. Thanks for being so open, Phil.

[philipma1957]

Very cool. Thanks for being so open, Phil.

Well I hope to get a reply soon.