GoldShell miners look good, but are they reliable?

[doubletheprof]

I love the way goldshell miners, especially ther small ones are designed so i bought three of them, Iam going to test them out for you guys, but do you think they will be reliable?

If there is anyone with experiences with goldshell miners let me know... I'll let you know in a few days of my results.

[FP91G]

I think that a few days are not enough to test the reliability of ASICs. I read reviews from miners and don’t see any bad reviews about these ASICs. YouTube is usually full of reviews about each ASIC, but buying ASICs for altcoins always carries risks. Otherwise, large mining companies would mine Кaspa instead of Bitcoin.

[doubletheprof]

But the risk makes the money 

[scoobs303]

Only thing I've seen is to make sure the power cables are fully seated to prevent overheating.  Other then that people seem to love them!  I have two MD2 running in the basement right now and they've been rock solid for just over a month.  I'll let you know if I have any issues though!

[miner29]

But the risk makes the money 

Or more likely loses the money.

Risk works both ways.

[swogerino]

I don't think the small home miners,I mean the ones with really low wattage like Goldshell or Apollo providers would be not reliable,after all their are making a small ASIC.I compare them with a Cisco (best network gear provider in the world) who makes their switches based on ASICS and I consider them with the same power as the ASICS you are mentioning,rarely I have heard them failing in high rates,in fact it is extremely small the failure rate of these Cisco devices,the same I can said based on this analogy for the small ASIC providers.I know Cisco is a world Giant and Goldshell with Apollo are nowhere near Cisco,I just wanted to make a comparison as to why I don't think they are not reliable,they should be reliable.

[JutaiTEC]

goldshell is a trusthy miner, good ROE

[FP91G]

But the risk makes the money 

A friend of mine bought several ASICs, but he only makes purchases from profits from other ASICs. This way you can still invest in mining, but buying such ASICs now is not very safe for your wallet. It’s the expensive price of these ASICs that’s stopping me.

[DaveF]

Yes they are reliable, at least for me having had a few for years and years now.
But.
1) As they say. The past does not indicate the future, I have no idea how the quality of their miners now.
2) Any maker can have a bad batch.

The other issue is unless you have cheap / free power you will not ROI for a long time. Too slow and not efficient enough. If you are using them as space heaters or similar then go for it. But don't think you are going to get rich. Unless you get lucky and whatever coin you are mining skyrockets in price.


-Dave

[scoobs303]

Yes they are reliable, at least for me having had a few for years and years now.
But.
1) As they say. The past does not indicate the future, I have no idea how the quality of their miners now.
2) Any maker can have a bad batch.

The other issue is unless you have cheap / free power you will not ROI for a long time. Too slow and not efficient enough. If you are using them as space heaters or similar then go for it. But don't think you are going to get rich. Unless you get lucky and whatever coin you are mining skyrockets in price.


-Dave

I have thought about point one of my two at Pepe just for this shits and giggles...

[tuaris]

I currently have 3 of the LTC/DOGE III boxes (700Mh/s @400w).  Had 2 of them for more than a month that I picked up for $750 each and just had another one come in today that I overpaid for (about $950).  Was mining with the first two at Nicehash for some weeks.  I am currently mining the new PEPE with all three for the moment to load up (I don't want to make the same mistake I made with DOGE).

So far it's been good.  They are compact, use little power, and don't make too much noise.  As far as built quality goes, they are better built than what they appear to be in pictures.  The casing is surprisingly thicker than what you'd expect and the miners do have some weight to them.  Not as heavy as an S19k, but it 'feels' well built.  I love this format/design a lot more than the current over powered Kilowatt hungry Bitmains.  It seems these day's Bitmain isn't innovating at all.  They are just stuffing the machines with as many ASIC chips as they can to boost the hash rates, without regards to power consumption.  Seriously 4000 watts for a single miner? Wow.

They do however accumulate a ton of heat and are very sensitive to it. The fans are not as super powered as the Antminers, but that's not an issue for me.  I have them somewhere where it's naturally cool this time of year and extremely cold in the winter.  Haven't run into any issues with them.  

I like these little boxes so much that about 2 weeks ago I ordered 4 of the Kadena miners since they were so cheap and I didn't mind throwing away some BTC.  I figured I may just mine and hold some of that so when the pump and dump part of the scheme comes around, maybe I can get a little lucky.  Then I ordered another two LTC/DOGE III boxes at a nice discount a few days ago.