Let’s talk about ASIC mining

I read an article once that some people invest in nickels because they’re metal composition is actually worth quite a bit more than their face value
Some of this reasoning is based on melt value which is it illegal to melt coinage (you know for anyone outside of the Federal Reserve Business circle and that stuff) and may continue to be so indefinitely but if we look at things like gold and silver dollars, they actually have recognized face values (although you’d probably have to be pretty nuts to want to spend one for its face value!) but they’re are bought and sold by their spot metal price value which I think maybe is the other half of that reasoning
Edit- just in case you’re wondering, it’s 5g of 75% copper and 25% nickel, probably about $0.20 at spot melt so…

https://www.youtube.com/watch?v=RWjCOJw9WMA

Between
“Baikal Giant N
Cryptonight: 20kH/s
Cryptonight-lite: 40kH/s
Power consumption: 60W
Price: 3600 USD
MOQ: 6
Delivery within 7 working days after receiving payment.”

This was less then 2 months ago…now that same ASIC makes after electricity 0.1 a day. 0.1 a day or 3 $ a month and it costed 3600USD + shiping + taxes just 2 months ago.
So its just another expensive electronic junk allready.

Expensive yes, I wonder if this will have an effect (the import tariff on Americans anyways), essentially China is cutting many of their own export tarriffs of 1449 categories of lightly traded goods (not semiconductors) to absorb the new 25% levy on Chinese imports, idk :thinking:

I have no idea want you want to achieve with all these asic profit calculations that each time do NOT hold what you write, seriously.

Just to correct your post for the 25th time:

  • This Baikal was only some days on this price, was lowered than immediatly to 1.800 USD if i remember right and the guys that paid to much got the difference back. Than the ordinary Baikal N got lowered to something like 500 or 600 USD.

  • This Baikal was the first that was shipped and even was able to mine a good time Monero, i would say it mostly has it’s ROI allready.

  • Right now on Nicehash it still would make Euro 55 per month profit. 59 bevor electricity and 4 funnyt Euro for Electricity per month. And that’s the nicehash calculation, so actually it makes way more!!!

Conclusion: I have no idea where you all your time get your totally ouf of line numbers. It’s ok to have a point and trying to search for arguments, but they should be always backed with facts, no just wild guesses or in your case, wrong numbers all the time.

Seriously, that Baikal still makes money, actually very good money if you consider it makes about 13x the profit of what you pay for electricity to run it.

If something that makes you Euro 55+/month is junk you must live in a real wealthy society. Pretty sure that in many parts of the world 2 such pieces could feed a family…

You are too concerned about the ROI of Asics for it’s owners.

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Arrived this morning

:smiley:

Congrats.

i have read on another forum that it can be overclocked and gets as high as 13k sol and that the noise is low.
One owner claimed it is more silent than his gpu rig, can you confirm that?

It seems there are issues with pools, the guys said they only get their shares accepted on the antpool …

How loud is it? And at what temp is it running?

On some screenshots i have seen temperatures for the chip to be about 55C and it should be in original state more silent than a gpu rig, no sure if this will hold if overclocked.
I hope k0d3 will share soon…

I would like to know what chip/processor is inside but i doubt someone will open his Z9 so i will have to wait for mine i guess to find out.

If they drop price from 3600$ to 600$ in one month may be you have any proof how much they real cost? 100$ ? 10$ ? This is the best Chinese divice in the world xD

To be honest, i don’t care how much it costs to produce, none of my concern at all. I as well don’t care how much my Samsung TV and Smartphone, my car, and the bricks of my house have as a self cost.

And why should i have proof of the self cost of a given product? What argument and fact should i proof with that? It’s to everybodies own discretion if he buys an Asic for 600 USD, 1800USD, (whatever price) or a GPU for 500 USD, 1000 USD, (whatever price).

Just out of curiousity, anybody ever calculated what the true/real produce costs for a GPU are?

Actually i got intrigued to see how much the price for producing a gpu card is, i doubt it’s much higher as for Asics by the way (having in mind only it’s parts, no R&D, no production line costs, …).

In a fast search i found only a GPU MSRP List (Manufacturer’s suggested retail price at release)

NVIDIA:
GT 1030: $80
GTX 1050: $109
GTX 1050 TI: $139
GTX 1060 3GB: $199
GTX 1060 6GB: $249
GTX 1070: $379
GTX 1070 TI: $449
GTX 1080: $599
GTX 1080 TI: $699

AMD:
Radeon RX 550: $80
Radeon RX 560: $99
Radeon RX 570: $169
Radeon RX 580 4GB: $199
Radeon RX 580 8GB: $229

Pretty sure that with these prices we would have more gpu miners. Even myself would have invested more into GPU mining …

Make sure you check it out because apparently the B3 isn’t as fast as they claim Bitmain's New Miner Is Drawing Criticism from Early Users - CoinDesk

That’s pure nonsense. I have a B3 and it’s hashing power is ok, nothing skyrocketing but good enough to make enough Bytom (BTM) and these claimed 1 BTM per day are a joke. As of today it’s at least 12.5 coins per day (todays payout!).
In the about 3 weeks i run the B3 it allready ROI-d about 30% …

But there are 2 other issues with the B3 that are not mentioned in the articel:

  • The B3 can not be overclocked by the user. While on all other Bitmain products, (expect the S9 series) you can change the frequency and hashrate up or down (overclock/downclock) this is not possible with the B3. There was a patch released 1 or 2 weeks ago that gave some extra hashpower and inreased it from 750 to 1000 without heat issus, so an easy improvement. This makes me think that the B3 actually has more potential.

  • GPU miners found a way to mine on the Tensority algo where Bytom is the only coin. With some custom miner software nvidia cards are mining pretty good on this algo as it seems. So we have here the first case that GPU’s are “invading” a planned pure Asic algo, interesting case for itself, lol :grinning: B3 owners are even joking and asking for a “fork” :joy:

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Yes this is MSRP for cards and i buy my cards for this price from summer 2017. And price for card dont drop in 6 times in one month. And in real sector for good manufactorer margin in 10-20% it wery profit business if they have good level of tradind but not for Chinese. From your post i understand they margin is x10 or may be x50. I very sadly for they buyers. How i write below they want only profit. Ok lets see how customers of this asics will feel themselves in this summer.

Is more silent than a GPU rig, i can confirm that.

Operative temps:

Environment: 20 °C
Z9 mini: 59 °C
Fan speed: 45%

Hash ( with little OC) : 12.3 ksol

haha you dont care?
Bitmain mines like crazy so he is also you competition …if he sells much more expensive letts say 5-10 times then its actual production price then there is no competition because he for same $ makes 5-10 times more.

NVIDIA and AMD still dont mine with their GPU …yes price is different from market 2 market but its in 20% margin.

It means only one thing …not many silicon in it…so price not more then 200$ maximum…easy money for them …and they can ramp up production and difficulty when they want with easy…probably ASIC with 10 times hashrate ready for production.

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i agree with that, there is a predisposition for an another board.
all this suggests a wide margin of optimization

Dream on …

If you mean the extra slot on the mainboard/controllboard above the hashboards than it’s on most Bitmain Antminers like that as some have 4 hasboards and other 3 hashboard boards only. I guess it’s cheaper and easier that way.
Not sure if you meant that, but that came into my mind.