Post
Topic
Board Mining (Altcoins)
Merits 1 from 1 user
Re: Bitmain Antminer A3 earning $500 a day mining SIAcoin . .WHAT?! Results & Stats
by
glosed
on 15/02/2018, 22:01:55 UTC
⭐ Merited by BTC-Graphicdesigns (1)
So I have a nooby question since I am not a miner:

Lets assume I start minning with the Obelisk SC1 Miner today. Will the difficulty be the same. I would make about $15-$20 per day with the Obelisk SC1 at the Moment, right?
So baiscally when the Obelisk SC1 is shipped in June, it will be totally useless - basically a waste of Money, right?

Can somebody answer this please!

Every time a new batch of miners hits the market, the difficulty increases and the profitability goes down. It depends on how much total hashing power is added, which is tough to guess because we don't know how many units are sold in each batch.

The difficulty spiked from around 1Ph/s to over 10Ph/s when the first batch of A3's hit the week of 1/26.

The difficulty will spike again when the next batch of A3's hits, but it's unclear by how much because we don't know how many units were sold. I would guess we're going to double hashrate again and halve profitability.

The next big uptick in hashrates are going to be based on the following events (depending on when they happen):

a) if Bitmain makes a batch 3
b) if Halong Mining actually ships their 3+TH/s miner they claim to have
c) when the SC1 ships (not sure when that is, you say June but all I've seen is "before August 31".

-glosed