Quote from: Atomicc on March 12, 2018, 08:52:49 PM

Quote from: Metroid on March 12, 2018, 08:00:06 PM

Right now I'm concerned cause I really thought the asic companies would never build a cryptonight asic cause that is too shameful, cryptonight is the last defense right now against all evil in the money world. This is really bad, those companies don't have a single bit of decency or morality whatsoever.

The ASIC producers, cheat their buyers several times.

- D3 Dash miner: todays profit 3.96USD (if You calculate the electric power cost, not profitable at all)
- L3 Litecoin miner: todays profit 8.2USD (hardly profitable)
- S9 SHA256 miner: todays profit 9.98USD (with small drop of BTC will not be profitable)

Some of those units people bought for over 3000USD. Now they have only noisy heaters, and lost their money.

What a business model! Produce the unit, take money from buyers in advance, put it in mining farm for 3 months while it is very profitable, and than deliver it like used ones. Make a huge oversold of units and algo diff. skyrocket, profitability ZERO.
They know what they are doing, and doing it with every new model. Huge hype on the beginning (representing big profitability at moment), presale etc... Only early adopters can profit, all others, when they receive units, have very long period of ROI.
I hope that new buyers will understand this "ponzi scheme" and protect their money.

Regarding this new "cryptonight miner", I think that this will be the first time We have here antihype atmosphere.
Monero team (biggest Cryptonight coin) announce antiASIC fork, followed by other (IPBC etc...). All other cryptonight coins do not have enough daily trade volume, and when we will have more coins than it can be sold price will drop.
Coin owners invest lot in their coins, I believe they will protect projects, and will follow the Monero, IPBC etc...in anti ASIC algo change.
It is much better than see the prices around one satoshi.

The First Time there's been a negative atmosphere around miners? There was already a negative atmosphere with the A3 and D3, though the ambiance was lighter with the D3 when it initially came out (I was personally one of the more pessimistic people about the miner). The L3+ is still profitable, making around $200 a month after an electrical cost of $.10/kWh, and in terms of mining revenue in BTC on Nicehash the L3+ has remained fairly consistent for the past month. You're right about the rest of the miners, though (the D3 is pretty much a worthless doorstop at this point and I wouldn't suggest buying any of the miners Bitmain currently offers unless you're willing to accept massive risk for very little potential profit). I'm personally glad more people are realizing the risks of mining from others getting burned, though. Too many people think mining's just a get-rich-quick scheme nowadays.

You did forget to mention the A3 that's currently making around $600/month in electrical costs of ten cents per kw, but I expect difficulty to rise on that chain eventually as well (not to mention they're currently OOS on Bitmain's site).