Asic Bittech NS (Neoscrypt 63.2MH/s )

[markiz73]

https://www.bittech.cn.com/news6

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

63.2MH/s (This hashrate is give by 56 Nvidia GTX1080)
Shipping: October 2018
day profit now 19-21 dollar
Price  1890 $

[melpheos]

Another algorythm bites the dust

[d57heinz]

Question is when do people decide that decentralization is no longer necessary and just go with it.  I think many here have. Well I can’t say I expect anything less since they couldn’t help to build bitcoin they needed to control their own coin.  That’s the argument being used now.  Don’t like x coin just create your own. Hahah as if it works that way when we have asic farms that can destroy anything that could threaten the status quo of coins now.  Decentralized my ass. Hell look what people did to Ethereum and the DAO.  Anything that has potential with be knocked back down by the powers to be.  If your still chugging along it’s because your not a threat to the agenda.  Just doing busy work to keep you occupied🤓🤔

BR

[igotek]

This is the first time I heard about this company ?
is it legit ?

[vlad230]

I am still very skeptical about ASICs since they can become door stoppers extremely fast...

If you data is accurate that would mean the break even time would be 90 days, that's not bad at all. You still need to make sure that the coins which you're going to mine are not going to switch the algo and become ASIC resistant. So, make sure you keep an eye on the news.

[percy_tc]

Question is when do people decide that decentralization is no longer necessary and just go with it.  I think many here have. Well I can’t say I expect anything less since they couldn’t help to build bitcoin they needed to control their own coin.  That’s the argument being used now.  Don’t like x coin just create your own. Hahah as if it works that way when we have asic farms that can destroy anything that could threaten the status quo of coins now.  Decentralized my ass. Hell look what people did to Ethereum and the DAO.  Anything that has potential with be knocked back down by the powers to be.  If your still chugging along it’s because your not a threat to the agenda.  Just doing busy work to keep you occupied🤓🤔

BR

I still don't get why people think that ASICs  make anything centralised more than mining farms or so on. People with lots of money will create huge farms ( with Asics or With VGA it does not matter). If you have money and intersted in crypo mining you will do you best to have the most hashpower.

There is no point to make anything Asic resisantant as there is no such a thing to be Asic Resistant. Technology will evolve, ASIC will be there, but probably because of past algo changes it will be hidden from public, used by manufafturer firms only forever.

( Like Baikal do with Groestl coin miner imo - check the hashrate from the past 6 months)

Solution against certain ASIC dominance would be to have more ASIC manufacturer with reasonable prices IMO.

[hiroshidw]

I am still very skeptical about ASICs since they can become door stoppers extremely fast...

If you data is accurate that would mean the break even time would be 90 days, that's not bad at all. You still need to make sure that the coins which you're going to mine are not going to switch the algo and become ASIC resistant. So, make sure you keep an eye on the news.

ROI is not 90 days, cause still need to pay ship and tax fee, so in my case, living in Brazil, ROI should be 160 days, cause of high import fee.
Any one must remember tax and ship fees, and of course, like you said research about mineable coins for any asic type before buy.

[MinedTangerine]

Question is when do people decide that decentralization is no longer necessary and just go with it.  I think many here have. Well I can’t say I expect anything less since they couldn’t help to build bitcoin they needed to control their own coin.  That’s the argument being used now.  Don’t like x coin just create your own. Hahah as if it works that way when we have asic farms that can destroy anything that could threaten the status quo of coins now.  Decentralized my ass. Hell look what people did to Ethereum and the DAO.  Anything that has potential with be knocked back down by the powers to be.  If your still chugging along it’s because your not a threat to the agenda.  Just doing busy work to keep you occupied🤓🤔

BR

I still don't get why people think that ASICs  make anything centralised more than mining farms or so on. People with lots of money will create huge farms ( with Asics or With VGA it does not matter). If you have money and intersted in crypo mining you will do you best to have the most hashpower.

There is no point to make anything Asic resisantant as there is no such a thing to be Asic Resistant. Technology will evolve, ASIC will be there, but probably because of past algo changes it will be hidden from public, used by manufafturer firms only forever.

( Like Baikal do with Groestl coin miner imo - check the hashrate from the past 6 months)

Solution against certain ASIC dominance would be to have more ASIC manufacturer with reasonable prices IMO.

Because of the price they are accesible only to people with a lot of money. That is not decentralization. On top of that Bitmain and manufacturers run their own huge farms. NVIDIA and AMD don't do that. GPUs are commodity hardware that i can buy at low prices everywhere so they are accessible to everyone. I cannot even buy most of the ASICs in EU let alone have the money to buy them. I could go on but whats the point. People fail to see this.

[MinedTangerine]

I am still very skeptical about ASICs since they can become door stoppers extremely fast...

If you data is accurate that would mean the break even time would be 90 days, that's not bad at all. You still need to make sure that the coins which you're going to mine are not going to switch the algo and become ASIC resistant. So, make sure you keep an eye on the news.

ROI is not 90 days, cause still need to pay ship and tax fee, so in my case, living in Brazil, ROI should be 160 days, cause of high import fee.
Any one must remember tax and ship fees, and of course, like you said research about mineable coins for any asic type before buy.

I hope you are not calculating ROI on current hashrated. Once the ASICs hit they saturate the network. That why they mostly never ROI except maybe the first batch. If people would only stop being stupid buying them and making only the corrupt manufacturers rich, they maybe we could get rid of them. But greed is a powerfull motivator.

[hiroshidw]

I am still very skeptical about ASICs since they can become door stoppers extremely fast...

If you data is accurate that would mean the break even time would be 90 days, that's not bad at all. You still need to make sure that the coins which you're going to mine are not going to switch the algo and become ASIC resistant. So, make sure you keep an eye on the news.

ROI is not 90 days, cause still need to pay ship and tax fee, so in my case, living in Brazil, ROI should be 160 days, cause of high import fee.
Any one must remember tax and ship fees, and of course, like you said research about mineable coins for any asic type before buy.

I hope you are not calculating ROI on current hashrated. Once the ASICs hit they saturate the network. That why they mostly never ROI except maybe the first batch. If people would only stop being stupid buying them and making only the corrupt manufacturers rich, they maybe we could get rid of them. But greed is a powerfull motivator.

I wont to buy any ASIC, just telling ship and TAX are not free, but yes, if I want to buy any device, I always use current hashrate and coin value, you must remeber any coin can double value at any time, not easy, but it´s possible, also coin have daily change, today miners get 10% or more compared to yesterday.

[MinedTangerine]

I am still very skeptical about ASICs since they can become door stoppers extremely fast...

If you data is accurate that would mean the break even time would be 90 days, that's not bad at all. You still need to make sure that the coins which you're going to mine are not going to switch the algo and become ASIC resistant. So, make sure you keep an eye on the news.

ROI is not 90 days, cause still need to pay ship and tax fee, so in my case, living in Brazil, ROI should be 160 days, cause of high import fee.
Any one must remember tax and ship fees, and of course, like you said research about mineable coins for any asic type before buy.

I hope you are not calculating ROI on current hashrated. Once the ASICs hit they saturate the network. That why they mostly never ROI except maybe the first batch. If people would only stop being stupid buying them and making only the corrupt manufacturers rich, they maybe we could get rid of them. But greed is a powerfull motivator.

I wont to buy any ASIC, just telling ship and TAX are not free, but yes, if I want to buy any device, I always use current hashrate and coin value, you must remeber any coin can double value at any time, not easy, but it´s possible, also coin have daily change, today miners get 10% or more compared to yesterday.

It was a general statement, it was not aimed at you. Just wanted to point out that using values on the network before ASICs hit is wrong. And yes ship and TAX can be a lot. Also some ASICs need power suply and EU must also pay customs.

[jillscarbrough]

I still don't get why people think that ASICs  make anything centralised more than mining farms or so on. People with lots of money will create huge farms ( with Asics or With VGA it does not matter). If you have money and intersted in crypo mining you will do you best to have the most hashpower.

I think what makes people (some people) hate ASICs at first was silent mining that done by (some party) and several consumers (I don't know how much) that buying (brandnew) ASICs but received the stuff that indicated has been used before.
I don't have any ASICs (I swear  )

There is no point to make anything Asic resisantant as there is no such a thing to be Asic Resistant. Technology will evolve, ASIC will be there, but probably because of past algo changes it will be hidden from public, used by manufafturer firms only forever.

Again, Agree with you.

Solution against certain ASIC dominance would be to have more ASIC manufacturer with reasonable prices IMO.

I still agree with you, Let's hope!

[netto7]

i think people have mining rig hate asic.

but new miner not have rig yet love asic easy to use after setup open and forgot it.

[badfad]

What's the point of a blockchain that's mined between few mining companies?

And most GPU miners have ASICs

What is hated about ASICs? well secret mining and then flooding the market with ASICs.

A good profitable ASIC has been the Z9mini, but that had a lot of things going for it.

A very bad example of an ASIC is the D3, holy shit people got burned on that one.

[belaweb2]

Is the company legit?

[jillscarbrough]

i think people have mining rig hate asic.

Of course not.
I'm GPU miner, I don't hate ASIC, but I don't care about ASIC  (now I don't have any ASIC). My first ASIC is Antminer S1, and the last is Antminer S2 (maybe S3) it been a long time ago.

but new miner not have rig yet love asic easy to use after setup open and forgot it.

Yeah, it may be one of the factors, it's almost Plug & Mining (only need a bit configuration until we can start mining) Who don't want something easy? 

Is the company legit?

Let's wait for someone know more about this!

[vlad230]

ROI is not 90 days, cause still need to pay ship and tax fee, so in my case, living in Brazil, ROI should be 160 days, cause of high import fee.
Any one must remember tax and ship fees, and of course, like you said research about mineable coins for any asic type before buy.

You're right, forgot about taxes & shipping. That will definitely hurt the ROI on these. If you consider these extra taxes even with the current coin production speed, it's going to be hard to break even. Not a good investment at this point...

[gameboy366]

I asked it earlier, which will be next algo; Neoscrypt or Lyra2v2. Lol, both of them are dead now.

[vlad230]

I hope you are not calculating ROI on current hashrated. Once the ASICs hit they saturate the network. That why they mostly never ROI except maybe the first batch. If people would only stop being stupid buying them and making only the corrupt manufacturers rich, they maybe we could get rid of them. But greed is a powerfull motivator.

Yes, you're right as well. The market will become saturated and the coin production will not be as fast as it is right now.

From what I've seen until now, usually ASIC manufacturares release their "new" devices to the market after they have made a lot of money from mining on their own. As it was with the Baikal & others for CryptoNight, they announced the availability of the ASIC on the market after the Monero team said that they are going to change the algo to be ASIC resistant.

[Etherion]

Warning! Assuming scam until someone can provide proof that this company/prodcut exist.

There was a discussion on TrazerCoin, which uses Neoscrypt, about this and the dev was given access to the web counsel to control one. Turns out they where renting hashrate for him.