The baikal's Cryptonight ASIC SCAM, and why you shouldn't buy any

[Prelude]

Alright folks. Here's the nitty gritty.

Baikal has had these ASICs for a while now, mining away at monero and CN algo coins for themselves behind closed doors making MASSIVE profits. Now that Monero (and other CN based coins) have announced that they will be changing algorithms to combat these ASICs, rendering these ASICs useless, baikal realized that they could no longer milk the proverbial cryptonight cow for much longer.

What are they to do with their soon to be useless chunks of aluminium and copper? Dump them on uninformed customers, of course! The fact that these ship out pretty much immediately supports this; the product has existed for a long time now... They just need to be blasted with an air compressor, packaged in a box, and dumped on uninformed buyers.

Don't be a sucker. Don't let greed motivate you. If you buy this, all you're doing is bailing baikal out of getting the door slammed shut on them by coin devs who want to prevent Chinese centralization.

You've been warned.

[1714118972]

1714118972

[1714118972]

1714118972

[ASIC Miners]

Alright folks. Here's the nitty gritty.

Baikal has had these ASICs for a while now, mining away at monero and CN algo coins for themselves behind closed doors making MASSIVE profits. Now that Monero (and other CN based coins) have announced that they will be changing algorithms to combat these ASICs, rendering these ASICs useless, baikal realized that they could no longer milk the proverbial cryptonight cow for much longer.

What are they to do with their soon to be useless chunks of aluminium and copper? Dump them on uninformed customers, of course! The fact that these ship out pretty much immediately supports this; the product has existed for a long time now... They just need to be blasted with an air compressor, packaged in a box, and dumped on uninformed buyers.

Don't be a sucker. Don't let greed motivate you. If you buy this, all you're doing is bailing baikal out of getting the door slammed shut on them by coin devs who want to prevent Chinese centralization.

You've been warned.

You don't believe it'll even make the littlest profit after ROI?

[Prelude]

I don't believe it can even get anywhere near ROI. All the important coins it can mine will switch to an incompatible algorithm, and if a coin doesn't (let's say electroneum) it'll get destroyed difficulty wise and be complete shit to mine.

[whoismoses]

What Prelude says here is entirely possible and what I suspected as soon as I heard the news. Look how XMR difficulty shot up in December 2017 and again in late Feb...

[KougarLOB]

Devil's Advocate...
Biakal makes FPGAs.  Not ASICs.  Could they simply release a firmware update to adjust to algo tweaks?

[coinut]

then they would likely keep it for there own mines and release just before the next hardfork in the future wouldn't they 

[Suslived]

Oh boy, in times like these, its so profitable to become a computer engineer.
Imagine how much money the Baikal Giant N devs initiall made mining 20k hash on 60watts. Damnn.

[badfad]

Oh boy, in times like these, its so profitable to become a computer engineer.
Imagine how much money the Baikal Giant N devs initiall made mining 20k hash on 60watts. Damnn.

We have no ideea for how long they had those, but lets be honest they probably mined a shitton of XMR
XMR announced that it will fork and it has been known for quite some time now.

On the other hand everyone involved in crypto in 2017 made quite a bit of money so R&D departments probably had a good share of it.

[onecryptoguy]

Bitmain, and maybe Baikal and the other happy bunch, have ASICs for all the major cryptos, including ethashes and equihashes. Do not be surprised when they will announce them.