Out of 122 ASICs listed and the profits they currently produce as of Oct.10/2018
71 ASICs are losing money. 58%
33 make less then $3 a day. 27%
5 make $3 to $5 a day. 4%
5 make $5 to $10 a day. 4%
8 make more then $10 a day. 7%.
All released last month(newest design), or is for Equihash(still adjusting to ASICs).
All ASICs made before March 2018 are unprofitable,
the A5 DashMaster($2.65),
All ASICs made from April 2018 to August 2018 are unprofitable or make less then $3 a day,
8 Nano Pro($5.40)
A9 ZMaster($21.24)- Equihash
If you JUST bought a ASIC in September 2018, your in luck! your hardware might not be crap yet…but just wait till next month, the new ULTRA IMPROVED MODEL can be yours for a low overpriced amount. Im sure you already ROI on your last unit right?..No? Oh well, why not DOUBLE DOWN, look at how many more hashes this new unit can do!
Really tho, the only ASICs that are current worth ANYTHING, are Equihash ASICs which are new, and the newest ASICs that just came out…each and every month… So if you bought one anytime before September and its not for equihash, you are probly(85% chance) losing money now or making less then $3 a day. 1 month lifespan on some of this hardware and it already losing money.
New hardware every two months or you cant compete, why does this seem like a terrible idea. You have a couple months to buy new hardware before your old stuff is losing money, and you are stuck in a cycle, the ASIC company wins, you lose. All profits goto the next newer/better machines or you have to turn them off.
GPU rigs have been going for 2+ years without becoming obsolete from a new card design. This seems much more healthy for the mining ecosystem and to peoples wallets, you get to stay in the game for years vs months.
ASIC profits or should I say losses, sorted by release date.
People who like ASICs, do you honestly not see a problem with this? Look at how quickly this hardware becomes obsolete.
4 out of 7 from August, a little more then 1 month ago, are losing money.
Avg profit $2.50 from the ones that are making a profit.
57% are losing money from this month.
3 out of 5 From July, 3 months ago are losing money.
Avg profit $1.56 from the ones that are making a profit.
60% are losing money from this month.
14 out of 19 from May, 5 months ago are losing money.
Avg profit $2.76 from the ones that are making a profit.
74% are losing money from this month.
50-70% chance your hardware will cost you money to run in 1-3 months makes ASICs a waste right now.
You have to keep investing again and again or you are done.