Linzhi Phoenix ETH Miner

[hakerakn]

Hello, today I came across the news about a new ASIC miner for ETH.
Linzhi Phoenix ETH Miner 2600 MH/s ASIC for ETH mining
2600 MH/s / 3500W

https://www.coindesk.com/linzhi-rollout-long-awaited-ethereum-miner-phoenix
https://www.youtube.com/watch?v=wV6reenhE0g

The only place where it is offered is this site  https://cryptominersoutlet.com/product/linzhi-phoenix-2600-mh-s-8g-memory-new-in/

I think it's fake news because the price is very low.
For comparison, the price of the Innosilicon A11 Pro 8GB 2000Mh is around € 18,000

[Andor9505]

Scam!

[fmz89]

This thing only can manage 7 months of eth mining at first batch and got profit 42k$ at current nethash + eth price, so i think with those 18k euro doesn't make sense to buy, for collecting miner to museum more likely

[btcshiner]

Hello, today I came across the news about a new ASIC miner for ETH.
Linzhi Phoenix ETH Miner 2600 MH/s ASIC for ETH mining
2600 MH/s / 3500W

https://www.coindesk.com/linzhi-rollout-long-awaited-ethereum-miner-phoenix
https://www.youtube.com/watch?v=wV6reenhE0g

The only place where it is offered is this site 

I think it's fake news because the price is very low.
For comparison, the price of the Innosilicon A11 Pro 8GB 2000Mh is around € 18,000

The manufacture has not started sales yet.  I pulled the site from this quote as it is a scam site as this miner is not available for sale yet.

[miner29]

Hello, today I came across the news about a new ASIC miner for ETH.
Linzhi Phoenix ETH Miner 2600 MH/s ASIC for ETH mining
2600 MH/s / 3500W



The only place where it is offered is this site 

I think it's fake news because the price is very low.
For comparison, the price of the Innosilicon A11 Pro 8GB 2000Mh is around € 18,000

The manufacture has not started sales yet.  I pulled the site from this quote as it is a scam site as this miner is not available for sale yet.

1) i wont repost scam links (consider removing it from your post/quote).
2) The manufacturers website states that they are not yet for sale...and anybody offering one is scamming.
3) Report the first post to mods here as scam
4) Profit! 

[FP91G]

There is already a similar topic
https://bitcointalk.org/index.php?topic=5301852.0
There are several users who have these ASICs. But the official sale of ASICs did not start.
It should be understood that due to the memory size of 4.4 GB, Ethereum mining will stop after 7 months

[philipma1957]

Also as I type the ETH hash rate  is up to 355th which is an all time high.


ETH is paying 7.5 cents an mh so 2600 x 7.5 = $195 a day while burning 80kwatts daily at 20 cents that is 16 USD.

So 195-16 = 179 a day  we are 200 days out maybe 210 days out and this is a brick.

210 x 179 = 37,590 usd

if it takes 60 days to get this and the hash rate climbs you can be underwater on this.

If you get it fast under 10 days it very likely will make money.

Are they going to make 1000 of them 1000 x 2.6 gh  is 2.6 th or a very a small  net work  jump of 355 to 357.6

but if they make 10,000 of them

and innosilicon makes 10,000 of theirs we are at 26th + 9 th or 35th

and don't think bitmain does not have something on the side say 30th of gear.

now we add 26+9+30 = 65th moving network to 420th in 60 days.

Be careful if you buy this.

[rigomortis]

Also as I type the ETH hash rate  is up to 355th which is an all time high.


ETH is paying 7.5 cents an mh so 2600 x 7.5 = $195 a day while burning 80kwatts daily at 20 cents that is 16 USD.

So 195-16 = 179 a day  we are 200 days out maybe 210 days out and this is a brick.

210 x 179 = 37,590 usd

if it takes 60 days to get this and the hash rate climbs you can be underwater on this.

If you get it fast under 10 days it very likely will make money.

Are they going to make 1000 of them 1000 x 2.6 gh  is 2.6 th or a very a small  net work  jump of 355 to 357.6

but if they make 10,000 of them

and innosilicon makes 10,000 of theirs we are at 26th + 9 th or 35th

and don't think bitmain does not have something on the side say 30th of gear.

now we add 26+9+30 = 65th moving network to 420th in 60 days.

Be careful if you buy this.

Great analysis! So my question to you.. is.. if these ASICS are so profitable. Why don't they just build them and mine for themselves? why bother selling them at all? Didn't they just build a money making machine??

[philipma1957]

Also as I type the ETH hash rate  is up to 355th which is an all time high.


ETH is paying 7.5 cents an mh so 2600 x 7.5 = $195 a day while burning 80kwatts daily at 20 cents that is 16 USD.

So 195-16 = 179 a day  we are 200 days out maybe 210 days out and this is a brick.

210 x 179 = 37,590 usd

if it takes 60 days to get this and the hash rate climbs you can be underwater on this.

If you get it fast under 10 days it very likely will make money.

Are they going to make 1000 of them 1000 x 2.6 gh  is 2.6 th or a very a small  net work  jump of 355 to 357.6

but if they make 10,000 of them

and innosilicon makes 10,000 of theirs we are at 26th + 9 th or 35th

and don't think bitmain does not have something on the side say 30th of gear.

now we add 26+9+30 = 65th moving network to 420th in 60 days.

Be careful if you buy this.

Great analysis! So my question to you.. is.. if these ASICS are so profitable. Why don't they just build them and mine for themselves? why bother selling them at all? Didn't they just build a money making machine??

If I were them I would be mining with them now.

Dip them in cleaning solutions and sell them as new slowly but surely.

very easy to do that above.
Next the money from the sales I would build some 6.6gb for my business.

So in the next 60 to 90 days all that I have would be sold to buyers.
I would then have all new 6.6 gb for myself.