Bitmain Antminer A3 earning $500 a day mining SIAcoin . .WHAT?! Results & Stats

[VoskCoin]

After questioning halong mining's validity in my last video a member of their staff messaged me assuring me they were real and yoshi goto is to be trusted. I asked for pictures of miners and he said I will have to wait until customers receive their machines soooo. . vaporware?

I don't think it's vaporware. Yoshi has had a good career at Bitmain. He wouldn't risk his reputation on vaporware.

BTW - Keep up the videos man...just got into mining and I think I've watched 20+ now

Yeah that's what I was thinking too but it's just such a weird business practice. . . to not even show ONE true version of their miner

Thanks brother glad I could help // anything you'd like to see covered?

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[VoskCoin]

Batch 2 started shipping.

The beginning . .  of the end?!

[nsummy]

is 1600sia/day per A3 acceptable enough returns @current diff?

I sold mine last week but when I was still using it I was getting about 1600 coins a day, so that seems right.... for now.

[ruplikmastik]

So it's about $16 per day income?

[klwolf2000]

After questioning halong mining's validity in my last video a member of their staff messaged me assuring me they were real and yoshi goto is to be trusted. I asked for pictures of miners and he said I will have to wait until customers receive their machines soooo. . vaporware?

They aren't vaporware because you can clearly see that they have them online and are hashing on the siamining pool so they are real.

[VoskCoin]

After questioning halong mining's validity in my last video a member of their staff messaged me assuring me they were real and yoshi goto is to be trusted. I asked for pictures of miners and he said I will have to wait until customers receive their machines soooo. . vaporware?

They aren't vaporware because you can clearly see that they have them online and are hashing on the siamining pool so they are real.

was slightly sarcasm just was saying its hard to believe anything is real until its actually seen and third parties can attest to that

Clearly. . there's some serious hashing taking place here
https://siamining.com/addresses/25865daf640696361b432bd517b812270d8459af48f13876108354ee7e028e0e15c13ab5030c

[brooklynite1]

i wonder what's the current ROI for an A3.  Thinking about getting my hands on some

As of right this second, a couple months - but I'm pretty sure Bitmain has some being shipped, and another batch due by the end of the month.
Wasn't there someone else (Obelisk perhaps?) that announced a SIA miner a few months back but has yet to deliver?

The price of sia has fallen over 50% in the last month. I don’t see an end in sight either.

Do ASICS usually increase the price of the coin? I would think it would drive prices even farther down

The price of pretty much ALL Cryptocoins has dropped 50% or more from the peak around mid-January.

ASIC have ZERO effect on price - it's PRICE that affects profitability and the profitability that affects the potential for an ASIC to be sold at a profit for it's maker.

Not exactly. Siacoin dumped 10 times from january prices because of ASICs

The 2 are unrelated.  If you go and think the miners dump the coins from asic mining....what do you think people do with gpu mining.  Machines out or not out dont effect price as much as market conditions do.

Actually ASICs are usually owned by those who treat mining as a business and needs to pay off the rapidly depreciating ASICs. GPUs dont depreciate as much. For example this miner went from $2000 to being worth $0 in 2 months. My GTX 1070s are worth the same or more since I bought the in December and even next year I can sell them for 50% of what I paid and in 2 years I get 25% of what I paid at minimum. ASICs basically destroy not just a coin, but an algo altogether. ASICs also rob miners because they only get shipped when they are no longer profitable, that's why they are never in stock and always future buying but you pay today, so they mine with them in clean rooms and ship them when they are useless  power hogs.

[brooklynite1]

After questioning halong mining's validity in my last video a member of their staff messaged me assuring me they were real and yoshi goto is to be trusted. I asked for pictures of miners and he said I will have to wait until customers receive their machines soooo. . vaporware?

I don't think it's vaporware. Yoshi has had a good career at Bitmain. He wouldn't risk his reputation on vaporware.

BTW - Keep up the videos man...just got into mining and I think I've watched 20+ now

Yeah that's what I was thinking too but it's just such a weird business practice. . . to not even show ONE true version of their miner

Thanks brother glad I could help // anything you'd like to see covered?

Hey VOSK can you help us win by mentioning this in your next video? https://vote.jalapen.io/coin/bitcoinz

[QuintLeo]

After questioning halong mining's validity in my last video a member of their staff messaged me assuring me they were real and yoshi goto is to be trusted. I asked for pictures of miners and he said I will have to wait until customers receive their machines soooo. . vaporware?

I don't think it's vaporware. Yoshi has had a good career at Bitmain. He wouldn't risk his reputation on vaporware.

Yeah that's what I was thinking too but it's just such a weird business practice. . . to not even show ONE true version of their miner

We should know for sure soon - they promised PhillipMa1957 a review unit and it's supposedly been shipped.

[.F.]

After questioning halong mining's validity in my last video a member of their staff messaged me assuring me they were real and yoshi goto is to be trusted. I asked for pictures of miners and he said I will have to wait until customers receive their machines soooo. . vaporware?

I don't think it's vaporware. Yoshi has had a good career at Bitmain. He wouldn't risk his reputation on vaporware.

Yeah that's what I was thinking too but it's just such a weird business practice. . . to not even show ONE true version of their miner

We should know for sure soon - they promised PhillipMa1957 a review unit and it's supposedly been shipped.

Mine are supposedly shipping as early as next week

[Marvell2]

i wonder what's the current ROI for an A3.  Thinking about getting my hands on some

As of right this second, a couple months - but I'm pretty sure Bitmain has some being shipped, and another batch due by the end of the month.
Wasn't there someone else (Obelisk perhaps?) that announced a SIA miner a few months back but has yet to deliver?

The price of sia has fallen over 50% in the last month. I don’t see an end in sight either.

Do ASICS usually increase the price of the coin? I would think it would drive prices even farther down

The price of pretty much ALL Cryptocoins has dropped 50% or more from the peak around mid-January.

ASIC have ZERO effect on price - it's PRICE that affects profitability and the profitability that affects the potential for an ASIC to be sold at a profit for it's maker.

Not exactly. Siacoin dumped 10 times from january prices because of ASICs

The 2 are unrelated.  If you go and think the miners dump the coins from asic mining....what do you think people do with gpu mining.  Machines out or not out dont effect price as much as market conditions do.

Actually ASICs are usually owned by those who treat mining as a business and needs to pay off the rapidly depreciating ASICs. GPUs dont depreciate as much. For example this miner went from $2000 to being worth $0 in 2 months. My GTX 1070s are worth the same or more since I bought the in December and even next year I can sell them for 50% of what I paid and in 2 years I get 25% of what I paid at minimum. ASICs basically destroy not just a coin, but an algo altogether. ASICs also rob miners because they only get shipped when they are no longer profitable, that's why they are never in stock and always future buying but you pay today, so they mine with them in clean rooms and ship them when they are useless  power hogs.

don’t forget the noise.  I would like more asics but i would risk a noise violation
i might have to install split ac 24k btu so i can lower my fan speeds this summer

[P4ndoraBox]

So it's about $16 per day income?

Around that yes.

[dimpsk]

i wonder what's the current ROI for an A3.  Thinking about getting my hands on some

As of right this second, a couple months - but I'm pretty sure Bitmain has some being shipped, and another batch due by the end of the month.
Wasn't there someone else (Obelisk perhaps?) that announced a SIA miner a few months back but has yet to deliver?

The price of sia has fallen over 50% in the last month. I don’t see an end in sight either.

Do ASICS usually increase the price of the coin? I would think it would drive prices even farther down

The price of pretty much ALL Cryptocoins has dropped 50% or more from the peak around mid-January.

ASIC have ZERO effect on price - it's PRICE that affects profitability and the profitability that affects the potential for an ASIC to be sold at a profit for it's maker.

Not exactly. Siacoin dumped 10 times from january prices because of ASICs

The 2 are unrelated.  If you go and think the miners dump the coins from asic mining....what do you think people do with gpu mining.  Machines out or not out dont effect price as much as market conditions do.

Actually ASICs are usually owned by those who treat mining as a business and needs to pay off the rapidly depreciating ASICs. GPUs dont depreciate as much. For example this miner went from $2000 to being worth $0 in 2 months. My GTX 1070s are worth the same or more since I bought the in December and even next year I can sell them for 50% of what I paid and in 2 years I get 25% of what I paid at minimum. ASICs basically destroy not just a coin, but an algo altogether. ASICs also rob miners because they only get shipped when they are no longer profitable, that's why they are never in stock and always future buying but you pay today, so they mine with them in clean rooms and ship them when they are useless  power hogs.

don’t forget the noise.  I would like more asic electrics but i would risk a noise violation
i might have to install split ac 24k btu so i can lower my fan speeds this summer

Sound a bit fantastically. With the split your electric bills will rise dramatically. And you still hope to get some ROI on this ASIC?

[dimpsk]

So it's about $16 per day income?

Around that yes.

So if you bought  it at $5500 - you will never recoup it?

[QuintLeo]

Folks that bought early enough to pay $5500 probably recouped half or more of that in their first couple weeks to a month of operation.
The lucky few that were the very first to put them online probably recouped ALL of their investment the first 2-3 weeks.

[STATIK]

So it's about $16 per day income?

Around that yes.

So if you bought  it at $5500 - you will never recoup it?

SC price is .01 and was .03 for some time so all things considered it's still heck of a miner compared to BAIKAL space heater

[Goool]

Batch 2 started shipping.

Got a batch 2 unit today.

$980 + $150 Shipping = $1130

$1130/$25day = 45-60 days you need to touch ROI
When is happening the SIA fork ?

[row739]

what fork?

[DMAN_LTC]

So right now on average the daily payout for Siacoin is $9/day so shows the following link

https://www.asicminervalue.com/miners/bitmain/antminer-a3-815gh


the current price of Siacoin is about .01   

https://coinmarketcap.com/currencies/siacoin/


secondary calculations


https://cryptorival.com/calcs/siacoin/#result


Speculations made from Altcoin forums

--most users report getting anywhere 1300-1800 Siacoins daily ---

If this is true then  ((1300*.01).......(1600*.01))  it may still be profitable over the course of the next 6 months.

[1300* 30days= 39000  &  1600*30days=48000]

If you  get anywhere from $13-16 daily and convert it to BTC and trade out of it then you could have a worthwhile investment.

13*30= $390  &  16*30=$480

However it all depends how much you spent on the A3.  I for example spent about $1800 so I think it'll pay off sooner than later.

Even with GPU's my point is to get paid and trade through BTC to another formidable ALT coin or just take the cash and run.


I suspect  this isn't a "Door Stop 2.0"  not for at least a 12 months.

[klwolf2000]

Batch 2 started shipping.

Got a batch 2 unit today.

$980 + $150 Shipping = $1130

$1130/$25day = 45-60 days you need to touch ROI
When is happening the SIA fork ?

SIA isn't forking plus the A3 doesn't nearly make that much. When all of batch 2 and dragonmint miners come online these miners will make about $4-6 a day. I've been mining with my first batch of A3's and haven't even recouped 1/3rd of their price. I was planning on just holding the coins and waiting for them to increase in value but everyone is just dumping them at stupid low values driving the coins price down. The people that bought the 2nd batch will be doing a lot better off then the lucky few people who managed to get theirs online within the first few days the A3's started shipping.