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

[isukabtc]

I AM very confident with the $1900 one :

1. More than 3 months after monero change algo (just a little different than cryptonight), X3 might update its firmware just like Baikal's miner.
2. For Monero only, with total 4 batch of X3s and if each has 10000 units for total 40000 units means hashrate will rose by 8.8 ghs. With current around 1 ghs and X3s 8.8 ghs for total around 10 ghs, it still mining $20 a day or $600 a month (220khs of cryptonight in Nicehash $200 per day now). Usually Bitmain's Batch only 5-6k or, it will more profitable.
3. Even if it can not mine Monero, there are many coin that can be mine AND there are auto switch pool or rent service like Nicehash so its still profitable.
4. Competitor doesnt have anything big to compete, so network hashrate wont be that big. I would love to add Halong but their miner not be seen anywhere.
5. I always touch break even point at whatever Bitmain throw, even D3 that hated by everybody. All calculated by coin not USD

The point of mining is INVESTMENT for a long time. If you mine with S9 right now and sells the coin right away at 8-9k, then you miss the point and of course you will have big loss. Hold the coins and set sell order at your favorite exchanges with 5 times of its price right now OR atleast wait for next halving.

Im not siding with Bitmain BUT they almost counter every competitors with better hardware. I bet when new SHA256 miner with 2-3x efficiency of S9, Bitmain will release 4-5 times better OR cheaper.

The problem with the above logic is 1) bitmain has already mined these and is dumping 2) bitmain will put out asic's in massive numbers ...right now they have a D3 X11 miner

at 550 usd...but if you gave me a FREE D3 x11 miner NOW at 12c kwh (summer rates starting) I'd lose $$$ ...that miner as an example will never ROI and has been out for what

less than 5 months?

Being bitmain they are very likely to do the same with the x3 stuff....they have mainly done D3 (x11) and S3 (siacoin) and this new x3 miner in my view...to keep their

factory folk employed in the downtime development of a new scrypt-pow and or sha-256 miners they will mine like hell for 4-5 months and then release to us in the fall 2018

got to keep the factory plant open doing something and the designers and etc....but the real money is in what they are developing in the background for their own use

to dump on us 4 months in the future say ..when they start to puke out as well

rinse/wash/repeat ...their 4 billion dollars in profit last year had to come from somewhere

(bitmain: real evil is the only way to go....go big or go home!) (tm: bimain)

Well seeing x1 and x2 from halong and shipped early, almost all X3 fvcked up mate (if they really shipped).

The point of mining is INVESTMENT for a long time. If you mine with S9 right now and sells the coin right away at 8-9k, then you miss the point and of course you will have big loss. Hold the coins and set sell order at your favorite exchanges with 5 times of its price right now OR atleast wait for next halving.

For D3 roi Im not in 12c and actually I have my own power source. But again please keep in my quote above, if Im in your place I still mining with D3 and pay power from my salary then keep the BTC since I know BTC got almost 20k last year and more than 21k in some local exchanger. I never calculate break even with usd since I trust in BTC, it will grow and rise higher especially at halving.

Right now a 19.3 ghs D3 can make 0.00051125 a day and its looks very stable so it can make 0.138++ until Dec 2018. Hoping it double last year high so 40k * 0.1380375 = $5500+. If I dont have Faith in BTC, then Im not here anymore mate. Anyway my last batch D3s have Break even last month 😁

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[Metroid]

I just leave it here

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

I wish the BTC had a balls to make such a move like they did! But I do fear that BTC core team and huge industrial miners make love under the hood Welcome to BTC-CARTEL

When asics hit btc, chinese already dominated mining and votes, so nothing core could do to prevent it cause they are the largest coinholders. Bitcoin has not been decentralized for a long time and the bitcoin price manipulation is huge, they crash the market when they want and buy bitcoin when they want.

[philipma1957]

I just leave it here

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

I wish the BTC had a balls to make such a move like they did! But I do fear that BTC core team and huge industrial miners make love under the hood Welcome to BTC-CARTEL

When asics hit btc, chinese already dominated mining and votes, so nothing core could do to prevent it cause they are the largest coinholders. Bitcoin has not been decentralized for a long time and the bitcoin price manipulation is huge, they crash the market when they want and buy bitcoin when they want.

You forgot to add how they buy btc or bch

They do it by selling marked up asics such as the x3

[cryhavoc38]

I AM very confident with the $1900 one :

1. More than 3 months after monero change algo (just a little different than cryptonight), X3 might update its firmware just like Baikal's miner.
2. For Monero only, with total 4 batch of X3s and if each has 10000 units for total 40000 units means hashrate will rose by 8.8 ghs. With current around 1 ghs and X3s 8.8 ghs for total around 10 ghs, it still mining $20 a day or $600 a month (220khs of cryptonight in Nicehash $200 per day now). Usually Bitmain's Batch only 5-6k or, it will more profitable.
3. Even if it can not mine Monero, there are many coin that can be mine AND there are auto switch pool or rent service like Nicehash so its still profitable.
4. Competitor doesnt have anything big to compete, so network hashrate wont be that big. I would love to add Halong but their miner not be seen anywhere.
5. I always touch break even point at whatever Bitmain throw, even D3 that hated by everybody. All calculated by coin not USD

The point of mining is INVESTMENT for a long time. If you mine with S9 right now and sells the coin right away at 8-9k, then you miss the point and of course you will have big loss. Hold the coins and set sell order at your favorite exchanges with 5 times of its price right now OR atleast wait for next halving.

Im not siding with Bitmain BUT they almost counter every competitors with better hardware. I bet when new SHA256 miner with 2x efficiency, Bitmain will release 4-5 times better OR cheaper.

Good luck and I wish you the best on your positive outlook,but...........Bitmain is offloading the X3 miners they filed a certificate of conformity on 01/23/2018 which means they have been mining the X3 for months and when Monero announces POW change to V7 they all of the sudden want to sell ? Not only this ,but there are 4 manufacturers total announcing Cryptonight miners for sale now. This is worse than D3 scenario people can use rose colored sunglasses but reality is this situation is not looking good for any one who purchased any cryptonight ASIC. 

For FYI's sake, that cert of conformity, if you look/read it closely, is for their "Antrouter's", not their asics.
Devil is in the detail.

[QuestionQuest]

I AM very confident with the $1900 one :

1. More than 3 months after monero change algo (just a little different than cryptonight), X3 might update its firmware just like Baikal's miner.
2. For Monero only, with total 4 batch of X3s and if each has 10000 units for total 40000 units means hashrate will rose by 8.8 ghs. With current around 1 ghs and X3s 8.8 ghs for total around 10 ghs, it still mining $20 a day or $600 a month (220khs of cryptonight in Nicehash $200 per day now). Usually Bitmain's Batch only 5-6k or, it will more profitable.
3. Even if it can not mine Monero, there are many coin that can be mine AND there are auto switch pool or rent service like Nicehash so its still profitable.
4. Competitor doesnt have anything big to compete, so network hashrate wont be that big. I would love to add Halong but their miner not be seen anywhere.
5. I always touch break even point at whatever Bitmain throw, even D3 that hated by everybody. All calculated by coin not USD

The point of mining is INVESTMENT for a long time. If you mine with S9 right now and sells the coin right away at 8-9k, then you miss the point and of course you will have big loss. Hold the coins and set sell order at your favorite exchanges with 5 times of its price right now OR atleast wait for next halving.

Im not siding with Bitmain BUT they almost counter every competitors with better hardware. I bet when new SHA256 miner with 2x efficiency, Bitmain will release 4-5 times better OR cheaper.

Good luck and I wish you the best on your positive outlook,but...........Bitmain is offloading the X3 miners they filed a certificate of conformity on 01/23/2018 which means they have been mining the X3 for months and when Monero announces POW change to V7 they all of the sudden want to sell ? Not only this ,but there are 4 manufacturers total announcing Cryptonight miners for sale now. This is worse than D3 scenario people can use rose colored sunglasses but reality is this situation is not looking good for any one who purchased any cryptonight ASIC.  

For FYI's sake, that cert of conformity, if you look/read it closely, is for their "Antrouter's", not their asics.
Devil is in the detail.

True.
My saying in many many posts in here: Read the sources, ask the sources, read it again.
 
Most content in here is factoidal and of course without any technical own knowledge.
Just copy and paste what anybody wrote in Reddit or somewhere and then its getting repeated to the end; sometimes even wrong!

Anyways: If this detail and factum was already wrong --- what else is wrong mentioned in here?

I am happy that I dont care (believe) in XMR as the ultimative financial blockchain; but that is my believe.
Therefor I orded just one for USD 1.900 to see what it will lead to and just collect the coins. The 550-600Watt are just peanuts for the fun.

Anyways: All GPU power to Vitalik

[mindrust]

Anyways: All GPU power to Vitalik

GPU miners are ready to power Bitcoin more than they are for ETH but ASIC cabals won't let it happen.

ETH owes most of its populairty to GPU miners. That's the only reason they don't talk about the upcoming PoS HF even though it is on the roadmap. I think ETH is probably going to skip PoS hard fork just to not lose GPU mining ETH shills.

p.s. I am still grateful to Halong Mining for stepping up against Bitmain to raise competition.

[bandana121]

From a newbie persective this thread is gold! Thanks for the insights.

[percy_tc]

I just leave it here

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

I wish the BTC had a balls to make such a move like they did! But I do fear that BTC core team and huge industrial miners make love under the hood Welcome to BTC-CARTEL

Well the question to me, is that why the hell they LET BITMAIN and Baikal mine with their ASIC miners since last summer?

Now they changing their pow when these miners goin to public.... i dont know who is the bigger pr*ck...

[greyday]

I just leave it here

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

I wish the BTC had a balls to make such a move like they did! But I do fear that BTC core team and huge industrial miners make love under the hood Welcome to BTC-CARTEL

Well the question to me, is that why the hell they LET BITMAIN and Baikal mine with their ASIC miners since last summer?

Now they changing their pow when these miners goin to public.... i dont know who is the bigger pr*ck...

There is no way to be sure who/what is mining what. For all the Monero team knew, it was a private farm of FPGAs. I doubt anyone was particularly suspicious until presale announcements started happening.

[ciciteng]

I heard that Monero V7 algo will happen in the April instead of 28 this March? I think KnightOfPi also saying about that as well.
So, are we fucked up by this ASIC bastard?
Just building my GPU rigs to focus on CN algo and then this CN ASIC mining comes and fucked up everything! 

[Layonk]

In the Bitcoin Speculation section, Philipma1957 is waiting for his demo Dragonmint 16T model, and there are several indications that Halong Mining is a legitimate site. Most people there, including me, have essentially concluded that Halong should be considered legit. MyRig (a legitimate and reputable hosting and miner repair site) partnered with Halong and if you take a look at their Twitter site you'll find they have several images of Dragonmint Miners there. https://twitter.com/myrig_com?lang=en

We will see.
[/quote]

Batch 1 can get a credit or refund for the difference between batch 1 and 3 or 2 amd 4 respectively. They can also take tripe or quadruple the machines for their order or just cancel if they haven’t paid yet.

[not.you]

I heard that Monero V7 algo will happen in the April instead of 28 this March? I think KnightOfPi also saying about that as well.
So, are we fucked up by this ASIC bastard?
Just building my GPU rigs to focus on CN algo and then this CN ASIC mining comes and fucked up everything! 

Correct. Looks to be early April.
https://github.com/monero-project/monero/pull/3424

[ciciteng]

I heard that Monero V7 algo will happen in the April instead of 28 this March? I think KnightOfPi also saying about that as well.
So, are we fucked up by this ASIC bastard?
Just building my GPU rigs to focus on CN algo and then this CN ASIC mining comes and fucked up everything! 

Correct. Looks to be early April.
https://github.com/monero-project/monero/pull/3424

Oh shit, then we gonna be fucked up by the first batch of those ASIC miners then!

[nitrobg]

I heard that Monero V7 algo will happen in the April instead of 28 this March? I think KnightOfPi also saying about that as well.
So, are we fucked up by this ASIC bastard?
Just building my GPU rigs to focus on CN algo and then this CN ASIC mining comes and fucked up everything! 

Correct. Looks to be early April.
https://github.com/monero-project/monero/pull/3424

Oh shit, then we gonna be fucked up by the first batch of those ASIC miners then!

We're already being fucked since December 2017 by those ASICs. They're clearing soon-to-be-dead stock now.

[BroganBloodstone]

It is going to be very interesting to see how much the hash rate of the monero network will fall. Will give GPU miners a chance again.

[CryptoPlay]

I just leave it here

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

I wish the BTC had a balls to make such a move like they did! But I do fear that BTC core team and huge industrial miners make love under the hood Welcome to BTC-CARTEL

When asics hit btc, chinese already dominated mining and votes, so nothing core could do to prevent it cause they are the largest coinholders. Bitcoin has not been decentralized for a long time and the bitcoin price manipulation is huge, they crash the market when they want and buy bitcoin when they want.

Core could have said NO! Just like Monero team said....

My bet to Monero Network is 350Mh/s after the fork.....

[DaveF]

It is going to be very interesting to see how much the hash rate of the monero network will fall. Will give GPU miners a chance again.

For a short time.
Remember, they do not need to be "efficient" just better then a gpu / cpu.
Think of how bad the early BFL and other miners were. But they were still several factors better then CPU / GPU.
If they keep changing the algo, someone at Bitmain (or wherever) just has to sit down and say.
X $ per coin
Y speed gets me Z coins.
How fast does Y have to be for me to recoup development + build + power costs and to make a profit over N days.
This way unless the dev team can change the algo every 120 days there will be a way to do it.

-Dave
*Yes I think changing 3x a year would not be a bad thing. Every 120 days you switch and the new one that will start in 120 days is released. This gives everyone ~4 months to upgrade their software, but a VERY limited time to build new chips.

[CryptoPlay]

It is going to be very interesting to see how much the hash rate of the monero network will fall. Will give GPU miners a chance again.

For a short time.
Remember, they do not need to be "efficient" just better then a gpu / cpu.

This way unless the dev team can change the algo every 120 days there will be a way to do it.

-Dave
*Yes I think changing 3x a year would not be a bad thing. Every 120 days you switch and the new one that will start in 120 days is released. This gives everyone ~4 months to upgrade their software, but a VERY limited time to build new chips.

Better= more efficient
From what we have seeing last couple of weeks, ASIC is around 20x more efficient than the best GPU system. Im means it will provide the same output with 20x less energy.

Monero update their algo 2 times a year. I dont know if they are planning to increase that.

[MoneyJ]

So X3 miners are for mining Monero and all its forked copy cats. Maybe it would take a while before miners of cryptonight would eventually rely on this ASIC hardware to mine Monero.

[greyday]

I heard that Monero V7 algo will happen in the April instead of 28 this March? I think KnightOfPi also saying about that as well.
So, are we fucked up by this ASIC bastard?
Just building my GPU rigs to focus on CN algo and then this CN ASIC mining comes and fucked up everything! 

Your gpu rigs will be fine. The goal is to change enough to be incompatible with the ASICs. Just update your miners regularly and you're good.