Bitmain Antminer X3 -- 220KH+ Cryponight - 550W

[adamajer]

95% of CN coins will change algo for sure. There's no way on earth that this could be profitable in the long term, unless you got free electricity

[huntingthesnark]

If they want to sell them now then means it they have been mining with them for sometime cause pre gpu altcoins give a lot lot lot more money than mining bitcoin. there is no hope, profitability crashed so hard everywhere cause people buying altcoins are afraid and asic companies are getting gpu miner profits.

They are selling now because Monero is going to fork and change algorithms.  I'm sure other coins will follow suit leaving you with a small handful of coins that you will be able to mine with this thing.

Really hope this is true. BM is bringing the fire to each algo in turn, and those that give in hand BM (or a couple of other manufs) the power. Resistance is essential.

[ciciteng]

Just really want to see that greedy Jihan Bitmain will suffers when every dev realize that ASIC is *plague* in the crypto industry which should be rely on decentralize platform.
I hope that BTC dev also consider to change algo that resistant to ASIC plague.

[jstefanop]

I wish I could understand bitmain logic...

"Hey lets make a siacoin miner that will make $50 day profit after everyone plugs them in and charge 2,500 for them"

...2 months later

"Hey lets make a Monero miner that will possibly make $50 a day after everyone plugs them in IF they don't fork and charge 12,000 for them"

[greyday]

I wish I could understand bitmain logic...

"Hey lets make a siacoin miner that will make $50 day profit after everyone plugs them in and charge 2,500 for them"

...2 months later

"Hey lets make a Monero miner that will possibly make $50 a day after everyone plugs them in IF they don't fork and charge 12,000 for them"

This right here. I am still trying to figure out what the logic is; I assume that there being, you know, more than one coin using the algo means maybe the decline will be a lot slower? Though if they all fork...

There must be something I'm missing.

[pikachuy]

I wish I could understand bitmain logic...

"Hey lets make a siacoin miner that will make $50 day profit after everyone plugs them in and charge 2,500 for them"

...2 months later

"Hey lets make a Monero miner that will possibly make $50 a day after everyone plugs them in IF they don't fork and charge 12,000 for them"

I think their goal is to pump up BCH, you noticed how all their miners only take BCH payments or USD wire only? So what ever they sell, there will always be money flowing into BCH.

[wheelz1200]

I wish I could understand bitmain logic...

"Hey lets make a siacoin miner that will make $50 day profit after everyone plugs them in and charge 2,500 for them"

...2 months later

"Hey lets make a Monero miner that will possibly make $50 a day after everyone plugs them in IF they don't fork and charge 12,000 for them"

I think their goal is to pump up BCH, you noticed how all their miners only take BCH payments or USD wire only? So what ever they sell, there will always be money flowing into BCH.

If that was the case though they would be priced way lower.  No way these units sell except to the unfortunate who dont know whats going on

[shaninium]

95% of CN coins will change algo for sure. There's no way on earth that this could be profitable in the long term, unless you got free electricity

Some cn coins will embrace asic. Sia is a good example with blake 2b. They wanted the benefits of asics. With pinidea, halong mining, baikal and bitmain that gives a better variety of asic sources, this is better for decentralization then just bitmain cornering the market. The question is who will want this hash power on their side.

[Tekno2020]

I wish I could understand bitmain logic...

"Hey lets make a siacoin miner that will make $50 day profit after everyone plugs them in and charge 2,500 for them"

...2 months later

"Hey lets make a Monero miner that will possibly make $50 a day after everyone plugs them in IF they don't fork and charge 12,000 for them"

This right here. I am still trying to figure out what the logic is; I assume that there being, you know, more than one coin using the algo means maybe the decline will be a lot slower? Though if they all fork...

There must be something I'm missing.

They are simply trying to charge whatever the market will bear.  They are tapping into an enthusiastic community including gpu miners that are ready for the fleecing.  Baikal also recently release the Giant N 20kh @ ~ $5,600 so if people will by that, they should be willing to pay double for x10 times the hash rate. Right?   Very greedy imo.  Expect their second batch to be offered in 2-3 weeks at less than half the price.
jmo

[Mark Baum]

I wish I could understand bitmain logic...

"Hey lets make a siacoin miner that will make $50 day profit after everyone plugs them in and charge 2,500 for them"

...2 months later

"Hey lets make a Monero miner that will possibly make $50 a day after everyone plugs them in IF they don't fork and charge 12,000 for them"

I think their goal is to pump up BCH, you noticed how all their miners only take BCH payments or USD wire only? So what ever they sell, there will always be money flowing into BCH.

The money that "flows" into BCH for miner purchases, is temporary and transient. It literally lasts 30 minutes. Not sure how that "pumps" BCH.

[nsummy]

95% of CN coins will change algo for sure. There's no way on earth that this could be profitable in the long term, unless you got free electricity

Some cn coins will embrace asic. Sia is a good example. They wanted the benefits of asics. With pinidea, halong mining, baikal and bitmain that gives a better variety of asic sources, this is better for decentralization then just bitmain cornering the market. The question is who will want this hash power on their side.

Sia isn't a cn coin....  and I think its apparent now that when they said they wanted asics, they meant only the ones they were going to sell.

[Cryptofasikus]

Well, it seems no one will buy even one X3, so strange. But what do you think would happen with cryptonotes like IntenseCoin if they don't change algo? I mean, even if the price drops a lot in the beginning, it's still a very good oportunity to make tons of coins and hold them for long term. Or do you think they must change or just die, with no other options?? It sounds crazy...

[juninhodecio]

I have many bitmain coupons to donate for free if someone want those contact me on discord.

https://discord.gg/zbwEgPY

[NormDSR]

Maybe Proof-of-Stake will be interesting for bitcoin..

That might be the only salvation for bitcoin.

Seems to me POS/Masternodes only make the rich richer.

Crypto adoption will only come with liquidity (people actually using it!) People buying with it, and companies paying wages with it.

Not by HODLing it.

Mining will all die one day. and then we will all have to actually work for our BTC.
the death of X11, and now CM ect will be the fate of all mining. but for now we may as well enjoy it while we have it.

early adopters have typically been the winners. unfortunately the only early adopters in this CM race was Bitmain.

[hozerdev]

Meanwhile, it is already sold out.

[fynxgloire]

Its a crazy crazy crazy world I tell ya

[munchies859]

Maybe Proof-of-Stake will be interesting for bitcoin..

That might be the only salvation for bitcoin.

Seems to me POS/Masternodes only make the rich richer.

Crypto adoption will only come with liquidity (people actually using it!) People buying with it, and companies paying wages with it.

Not by HODLing it.
 

I agree completely.  POS does nothing to increase decentralization, and it will only reduce liquidity.  Right now, people are hesitant from spending their coins since they think they will increase in value in the future.  With POS, this issue still exists, and it introduces a second penalty for spending your coins by not being able to collect the dividends from staking.  People need to realize that if no one spends their coins they will eventually be worth nothing.  Adoption is what will drive the value of coins once speculation wanes.  If everyone just sits there and holds to get more coins, those coins will be worth nothing.

[QuintLeo]

95% of CN coins will change algo for sure. There's no way on earth that this could be profitable in the long term, unless you got free electricity

XMR and ETN have already announced they are doing so - that's 90% (give or take a percent) of all Cryptonight total network hashrate right there.

Less than 100 Mhash total between ALL THE REST of the CN coins combined....

[BroganBloodstone]

I wish I could understand bitmain logic...

"Hey lets make a siacoin miner that will make $50 day profit after everyone plugs them in and charge 2,500 for them"

...2 months later

"Hey lets make a Monero miner that will possibly make $50 a day after everyone plugs them in IF they don't fork and charge 12,000 for them"

I just think they found out that Monero will be forking soon and decided to sell what they were using to mine with. Otherwise as you say it is pointless trying to sell these to CN which is meant to be know for being ASIC resistant...

[Lantic_Mining]

I wouldn't touch either the X3 or Giant-N with a bargepole... I'm with the cynics that think these are being sold because Baikal/Bitmain realise they are going to be redundant soon. Baikal particularly - 'immediate despatch' can't mean anything other than they are already built and I can't believe they have been stockpiling them without using them.

There'll always be some who will buy the latest miner without looking at the market (looking at eBay particularly here) but I think people are really going to get burnt with these. The A3 was a good buy/mine/resell opportunity because Sia was always very unlikely to fork but these two are looking at an application which is going to virtually disappear.

Regards,


Steve