Bitmain Antminer X3 ASIC hashing 220KH CryptoNight on 550w!!

[jmigdlc99]

So bitmain just announced the Antminer X3.

Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

Batch 1
Delivery: May 15 onwards
Price: 7,599 USD

Batch 2
Delivery: May 15 onwards
Price: 11,999 USD

Daily profit as of writing is around $164 mining Monero.

I'll update this thread as more details come in.

[CryptoDocker]

And so it begins! Well it just shows that Baikal and Bitmain have been responsible for the huge difficulty increases

[Shitcointalk]

Price is $11999 for batch 1 !

$7599 is for batch 2 shipping one month later.

[master2080]

This looks like...a very bad idea.

Monero is about to have an algo change and they release this, how stupid do they think we are?

[jmigdlc99]

This looks like...a very bad idea.

It probably is.
Esp. with that 3 month delivery lead time.

Daily profit with 220kh and 550w as of today rate is around $164 USD.
Who knows what it'll be 3 months from now?

It may not even be useable anymore if cryptonight coins fork their code.

[JacobHarding1978]

Haha....

Bitmain at it again. Drop the dime on the floor and vefore it hits they announce a new miner.

12k WTF!!!!!!

Its going to do what d3,l3,a3 did.  Oh am I sounding like a scratched record?

Run run as fast as you can....cos this machine is gonna make you a poor man. Lol.

[Prelude]

Gotta love how these CN ASICs are being sold as they're rendered useless by CN algo changes!   

[NoIdeaAsWell]

LeL

Buy this at the crazy price with all things considered, and next new algo asic one will be tripled or more !!!

[Marvell2]

And so it begins! Well it just shows that Baikal and Bitmain have been responsible for the huge difficulty increases

yup they probably have been running these bitches for six months or longer in some form another
it just goes to show , all these gpu shortages we are seeing are upstream supply chain shortages
basically bitmain ia buying up alot of the ram needed for regulular gpus

[Apprentice]

yeah.

Not worth it to buy batch 2.

Even with batch 1, the diff will increase fast and that $165 will drop.

at $12k, on top of the shipping, custom duties will be very high! need to calculate that too.

[DevelopmentBank]

Makes you think how long bitmain has used these ASICs for themselves. They could have earned a lot by now.
This is probably one of the reasons why mining cryptonight has been massively less profitable lately.

Too bad for those who bought the RX VEGA for mining cryptonight.

[Suslived]

You just gotta love how there are not one but two threads on this.

Bitmain sure brings the hype to the crypto markets. Can't wait for some new and more professional mining company to blow them away.

[ruplikminer]

A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

[DevelopmentBank]

A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know 

[Prelude]

A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know 

It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork.

[pikachuy]

I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know 

It's called money laundering, easiest way is to pay high value door stoppers.

[Suslived]

A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.

I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI.
I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  

It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork.

But i've read some people argue that there are simple workarounds that can be made to overcome whatever the monero team does?
It seems the argument was that cryptonight, by nature, is no longer ASIC-proof now that they've found a way to do it.

[huntingthesnark]

Makes you think how long bitmain has used these ASICs for themselves. They could have earned a lot by now.
This is probably one of the reasons why mining cryptonight has been massively less profitable lately.

Too bad for those who bought the RX VEGA for mining cryptonight.

Well, depends when you bought them. If you did back in sept/oct last year then you will have ROIed some time ago. But yeah, recent diff rises are clearly related to BM 'testing' these...

[romankosoj]

Xaxaxax, xapдфopк peшaeт вcё, нe пoкyпaйтe иx, кpиптoнoт дocтaтoчнo измeнить или измeнить фopмaт oбмeнa дaнными и oни cтaнyт нeaктyaльныe!
Я дyмaю этим пocтoм, я oтpoю мнoгим oвнepaм глaзa, кaк избaвить cвoи мoнeты oт нaзoйливыx acикoв )

Hahahah, hardfork decides everything, do not buy them, cryptonote just change or change the format of data exchange and they will become irrelevant!
I think this post, I will open many eyes to the lambs, how to rid my coins of importunate asic's)

[rossjamie]

Last time in 2015 I mine this algo by ivy bridge laptop and I still can get arround 0.0001 BTC daily. But some greedy chinese playing with ASIC Now and GPU is dead.