8th Alt coin thread. Or what to do now that asics are all over the place.

[Biodom]

I, for once, will ignore all made in China ASIC-based mining products from now on.
27.6% tariff with already zero profitability-no, thank you.

Will probably have a hefty mining loss this year (after subtracting the cost of new miners where I got "hit" with extra 27.5% tariff).

[1714181069]

1714181069

[1714181069]

1714181069

[1714181069]

1714181069

[philipma1957]

I, for once, will ignore all made in China mining products from now on.
27.6% tariff with already zero profitability-no, thank you.

Will probably have a hefty mining loss this year (after subtracting the cost of new miners where I got "hit" with extra 27.5% tariff).

I don't know how far back the 25% goes

the 2.5 will go back for more then a year.

[citronick]

Read an email today from Letine about a new Lyra2Rev2 ASICS miner....

..... a 6.8GHs per box equivalent to about 100 x 1080tis

... rumored 8k-11k

https://cryptomining-blog.com/tag/dayun-zig-z1-asic-miner/

>>

With depressed BTC price now.... this is really rubbing salt to the wound....

I have powered down my AMD farm ~ around 240 x RX470s. The NVIDIA farm is still up though.

Looks like the only way to make money in mining today is ....

.... get the newest miner, mine the shit out of the miner, and sell it back to the market.

I thought you got really cheap power out there in asia ? Those rx cards still make $$ mining monero at .13 cents power even

barely just above the redline, the entire AMD farm can be replaced with only 2-3 units of A9s, and I still have to pay for the warehouse rental.

[Marvell2]

Read an email today from Letine about a new Lyra2Rev2 ASICS miner....

..... a 6.8GHs per box equivalent to about 100 x 1080tis

... rumored 8k-11k

https://cryptomining-blog.com/tag/dayun-zig-z1-asic-miner/

>>

With depressed BTC price now.... this is really rubbing salt to the wound....

I have powered down my AMD farm ~ around 240 x RX470s. The NVIDIA farm is still up though.

Looks like the only way to make money in mining today is ....

.... get the newest miner, mine the shit out of the miner, and sell it back to the market.

I thought you got really cheap power out there in asia ? Those rx cards still make $$ mining monero at .13 cents power even

barely just above the redline, the entire AMD farm can be replaced with only 2-3 units of A9s, and I still have to pay for the warehouse rental.

A9's cant mine monero and CN heavy tho, remeber monero is forking in a few weeks again too

[adaseb]

Read an email today from Letine about a new Lyra2Rev2 ASICS miner....

..... a 6.8GHs per box equivalent to about 100 x 1080tis

... rumored 8k-11k

https://cryptomining-blog.com/tag/dayun-zig-z1-asic-miner/

>>

With depressed BTC price now.... this is really rubbing salt to the wound....

I have powered down my AMD farm ~ around 240 x RX470s. The NVIDIA farm is still up though.

Looks like the only way to make money in mining today is ....

.... get the newest miner, mine the shit out of the miner, and sell it back to the market.

Is it still profitable mining Lyra2 coins? If so why release an ASIC to the public.

I think the reason they are releasing it is probably because in a few weeks or month Bitmain will release higher efficiency hardware and they want to get some sales going soon.

Basically like what happened with all the XMR ASIC and how they all got released at the same time pretty much.

[Biodom]

I, for once, will ignore all made in China mining products from now on.
27.6% tariff with already zero profitability-no, thank you.

Will probably have a hefty mining loss this year (after subtracting the cost of new miners where I got "hit" with extra 27.5% tariff).

I don't know how far back the 25% goes

the 2.5 will go back for more then a year.

2.6% is understandable nuisance which i never cared much about, yes in effect since Feb or something.
27.6%= 2.6%+25% added on Aug 24-31 is a major f-k up.
It is real, i just got the bill.

[philipma1957]

I, for once, will ignore all made in China mining products from now on.
27.6% tariff with already zero profitability-no, thank you.

Will probably have a hefty mining loss this year (after subtracting the cost of new miners where I got "hit" with extra 27.5% tariff).

I don't know how far back the 25% goes

the 2.5 will go back for more then a year.

2.6% is understandable nuisance which i never cared much about, yes in effect since Feb or something.
27.6%= 2.6%+25% added on Aug 24-31 is a major f-k up.
It is real, i just got the bill.

So I dodged the bullet on Innosilicon T2Turbo +24th
and I think I will Be billed  502 on the M10 along with  11000 x 2.6 = 286 on older gear they missed grand total of close to 800

[citronick]

I, for once, will ignore all made in China mining products from now on.
27.6% tariff with already zero profitability-no, thank you.

Will probably have a hefty mining loss this year (after subtracting the cost of new miners where I got "hit" with extra 27.5% tariff).

I don't know how far back the 25% goes

the 2.5 will go back for more then a year.

2.6% is understandable nuisance which i never cared much about, yes in effect since Feb or something.
27.6%= 2.6%+25% added on Aug 24-31 is a major f-k up.
It is real, i just got the bill.

So I dodged the bullet on Innosilicon T2Turbo +24th
and I think I will Be billed  502 on the M10 along with  11000 x 2.6 = 286 on older gear they missed grand total of close to 800

27.6% tariff --- is this a US tax thing? Why?

[suchmoon]

27.6% tariff --- is this a US tax thing? Why?

It's a toadstool measuring contest between the US and China... where have you been for the last two years?

https://www.bbc.com/news/business-44529600

[citronick]

27.6% tariff --- is this a US tax thing? Why?

It's a toadstool measuring contest between the US and China... where have you been for the last two years?

https://www.bbc.com/news/business-44529600

LOL.... @suchmoon - you made my day!

OK _ apologies for my ignorance, because I am not based in USA

this trade war is really a bummer...

I feel for you guys

[generalt]

Not sure how many people bought from Newegg recently but please check your credit cards if you used them:

https://techcrunch.com/2018/09/19/newegg-credit-card-data-breach/

Newegg is clearing up its website after a month-long data breach.

Hackers injected 15 lines of card skimming code on the online retailer’s payments page which remained for more than a month between August 14 and September 18, Yonathan Klijnsma, a threat researcher at RiskIQ, told TechCrunch. The code siphoned off credit card data from unsuspecting customers to a server controlled by the hackers with a similar domain name — likely to avoid detection. The server even used an HTTPS certificate to blend in.

The code also worked for both desktop and mobile customers — though it’s unclear if mobile customers are affected.

The online electronics retailer removed the code on Tuesday after it was contacted by incident response firm Volexity, which first discovered the card skimming malware and reported its findings.

[ATCkit2]

27.6% tariff --- is this a US tax thing? Why?

It's a toadstool measuring contest between the US and China... where have you been for the last two years?

https://www.bbc.com/news/business-44529600

Yeo- another "Trump Tax". Harley Davidson was about to move to the EU because of the Trump imposed on steel. I guess "DT " bailed them out.
Last I heard,Trump spent $53 Billion to bail out Americans affected by retaliation from other countries -ie: in response to a variety of new import taxes he plalced on products from those other countries. Maybe miners and other companies importing electronics, will lobby him to bail them out for the taxes he imposed on electronics from China?

This whole Trade war is in the News every nigfht here. He will hurt the other countries in the short term but hurt is own country in the long term. It's well known, within economics, that no country can be isolationist when it comes to global trade. Raising tariiffs puts your own companies out of business ...eventualy. Why? The cost of production increases way too much when your own country doesn't have enough of those raw products and has to import them at an elevated ccost due to your import taxes. If other countries place retaliatory taxes, then your own companies lose exports too. So, it becomnes a " Two Pronged" approach to job loss for a country. I gott a stop here...as I could talk forever about how ... ( Aw forget it.)

[adaseb]

27.6% tariff --- is this a US tax thing? Why?

It's a toadstool measuring contest between the US and China... where have you been for the last two years?

https://www.bbc.com/news/business-44529600

Yeo- another "Trump Tax". Harley Davidson was about to move to the EU because of the Trump imposed on steel. I guess "DT " bailed them out.
Last I heard,Trump spent $53 Billion to bail out Americans affected by retaliation from other countries -ie: in response to a variety of new import taxes he plalced on products from those other countries. Maybe miners and other companies importing electronics, will lobby him to bail them out for the taxes he imposed on electronics from China?

This whole Trade war is in the News every nigfht here. He will hurt the other countries in the short term but hurt is own country in the long term. It's well known, within economics, that no country can be isolationist when it comes to global trade. Raising tariiffs puts your own companies out of business ...eventualy. Why? The cost of production increases way too much when your own country doesn't have enough of those raw products and has to import them at an elevated ccost due to your import taxes. If other countries place retaliatory taxes, then your own companies lose exports too. So, it becomnes a " Two Pronged" approach to job loss for a country. I gott a stop here...as I could talk forever about how ... ( Aw forget it.)

Yes we get it also on the news here and its been happening for so long that I no longer I'm surprised by it.

Basically it first started by Whirlpool complaining that people are buying Samsung and LG dishwashers instead of theirs. So Trump imposed a tariff on those.

However people who still want Samsung and LG dishwashers will still buy them, even after the tarifs. Have less disposible income and other businesses and services might suffer. For example, instead of going to a local restaurant for a month, the family just doesn't eat out and gets the LG dishwasher instead.

Like the previous poster here said. It might make a different short term, but econonmically long term most will suffer by it.

[nsummy]

27.6% tariff --- is this a US tax thing? Why?

It's a toadstool measuring contest between the US and China... where have you been for the last two years?

https://www.bbc.com/news/business-44529600

Yeo- another "Trump Tax". Harley Davidson was about to move to the EU because of the Trump imposed on steel. I guess "DT " bailed them out.
Last I heard,Trump spent $53 Billion to bail out Americans affected by retaliation from other countries -ie: in response to a variety of new import taxes he plalced on products from those other countries. Maybe miners and other companies importing electronics, will lobby him to bail them out for the taxes he imposed on electronics from China?

This whole Trade war is in the News every nigfht here. He will hurt the other countries in the short term but hurt is own country in the long term. It's well known, within economics, that no country can be isolationist when it comes to global trade. Raising tariiffs puts your own companies out of business ...eventualy. Why? The cost of production increases way too much when your own country doesn't have enough of those raw products and has to import them at an elevated ccost due to your import taxes. If other countries place retaliatory taxes, then your own companies lose exports too. So, it becomnes a " Two Pronged" approach to job loss for a country. I gott a stop here...as I could talk forever about how ... ( Aw forget it.)

This has been going for a lot longer than trump.  This is getting a little off topic, but if you want to read something that will really make your head spin, read about the US - Brazil cotton dispute.  The US was subsidizing US cotton against trade agreements.  When Brazil complained, instead of stopping the subsidies, they started subsidizing the brazilian farmers too!  https://www.washingtonpost.com/news/monkey-cage/wp/2014/10/12/why-the-deal-to-pay-brazil-300-million-just-to-keep-u-s-cotton-subsidies-is-bad-for-the-wto-poor-countries-and-u-s-taxpayers/?noredirect=on&utm_term=.ca40db698de4

[nsummy]

Does anyone know anything about skycoin or the skyminer?  I just saw something about this in a post:  https://www.skycoin.net/skyminer/
Seems like skycoin has been around for a long time but I had never heard of it:  https://bitcointalk.org/index.php?topic=380441.0

[dragonmike]

Read an email today from Letine about a new Lyra2Rev2 ASICS miner....

..... a 6.8GHs per box equivalent to about 100 x 1080tis

... rumored 8k-11k

https://cryptomining-blog.com/tag/dayun-zig-z1-asic-miner/

>>

With depressed BTC price now.... this is really rubbing salt to the wound....

I have powered down my AMD farm ~ around 240 x RX470s. The NVIDIA farm is still up though.

Looks like the only way to make money in mining today is ....

.... get the newest miner, mine the shit out of the miner, and sell it back to the market.

6.8GH/s??
Daaaayyyuuuuummm!! (excuse the pun)

It seems it's available now (in stock) from all the vendors linked on the page... If I hadn't been invested enough, I might even have considered one unit... 75 days to get your money back in this day and age is quite something. Ofc it's an asic so you've got to multiply that figure 2 or 3-fold but still...

[HagssFIN]

The price for that miner is definitely dayuuummmmmm.... high.

[acidrush]

Theres a new asic for Neoscrypt as well.

https://www.bittech.cn.com/#hproduct4

[fr4nkthetank]

Want to talk trade tariffs...European countries sell commodities such as wheat *under* their cost of production to third-world countries, effectively destroying local economies if they are based on that commodity.  How can they sell under the production cost ?  Well the CAP program of course.

[philipma1957]

Tariffs suck .

free trade rocks

subsidized trade sucks.  why is that?   simple it  causes tariffs as retaliation .

reality most every country that is a player plays these games.

If I choose to Defend trump  I would say he does the Chinese tariffs to leverage better terms for the USA  and the Bond debt USA has to China .

But I don't choose to defend Trump  and I think it is asking for trouble.  But the reality is 27.6%  on all chinese miners coming to USA  is a mofo to deal with.


I can tell you I know a guy that shipped in 200 psu's from china and the USA Opened 145 of the 200 boxes to be sure more expensive miners were not being sneaked in.

So that is one new thing I am sure there will be more.