Quote from: WR-104 on May 11, 2018, 05:03:50 PM

Quote from: brooklynite1 on May 11, 2018, 04:20:50 PM

Quote from: votecoin.site on May 04, 2018, 07:36:49 PM

Quote from: Ainars on May 04, 2018, 04:20:52 PM

For Zcash maybe, but for 0.5MSol/s VOT network only 50 such miners needed to get control over (or ruin?) the network!

Lets try some math.
Current VoteCoin network hash rate is 500 Ksol/s.
Bitmain's Equihash miner costs around $2200 including PSU and shipping, while the miner is capable of mining 10Ksol/s.

To get over 50% of hashrate of VoteCoin network, you need to generate another 500 Ksol/s.
You would have to buy 50 such ASIC miners, so the cost would be 110 000 USD.
(not mentioning that bitmain will sell only 1 device to a single user)
(not mentioning that having 51% of hashrate does NOT ruin the network at all)

If you want to get the same hashrate with GTX 1060 cards, you would need 1666 such cards (300 Sol per card), which would cost you around 400 000 USD today.
So ASIC gives you only 4x the hashrate for your money.
Not mentioning that once the bitmain's ASICs are released, the price for used GPUs will decrease rapidly and you may get 1666 such cards for say 200 000 USD while still getting several years warranty, compared to bitmain's 180 days.

In long term, the ASICs will consume less energy, indeed, so it will be more profitable that GPUs, but other than that, the advantage of having bitmain's ASIC boxes will be insignificant.

-Tom

What people are not understanding is that the real "cost" is the depreciation of assets.

A $4000 GPU rig today (6x1070) is worth $2800 next year, so net cost is $80/month
A $4000 ASIC miner (2xZ9) is worh $400 next year so net cost is $300/month

So asic costs 3.5 times. But the energy consumed, which is a big deal in US and Europe but not in China, is also 3.5x less.

Everyone assumes equipment have zero resale value when they count the NOI. In my case I always sell my GPU cards for almost the same price or just a little less than I buy them on sale. Its like leasing a car, a Lexus has 65% retained value VS a Mercedes has 55%, GPU has 30% and ASIC miner has 0% after 3 years of use.

can you give real examples that confirm your words?

You seriously need proof?
X11 Miner announced at $2700 (July of 2017):
https://bitcointalk.org/index.php?topic=2029822.0

Bitmain not sending out the units as late as Oct 2017 because they are still profitable to mine with and Bitmain still mining with them in cleanrooms, (What the fuck, are they retarded to ship them out? why would they??):
https://bitcointalk.org/index.php?topic=2029822.3620

X11 Miner Arrived in the hands of the 1st people who purchased (Nov of 2017) at $2700:
https://www.youtube.com/watch?v=RA7lGe_jY7M

X11 Miner sold for $200 (May of 2018):
https://www.ebay.com/itm/Authentic-Bitmain-Antminer-D3-19-3gh-s-X11-Dash-Miner-Tested-Working/232761673532?epid=14019131864&hash=item3631ad473c:g:9YMAAOSwQO9a8cen

5 months from $2700 to $200 thats $500/month for owning a D3 ASIC miner. Dumbest thing ever and they didnt even fork to disable the ASICs. The case is a lot worse if someone bought a Monero ASIC or Baikal.

Bitmain mined with that ASIC from say June to Nov with low difficulty and made probably $2000 off of each ASIC plus $2700 from its sale thats $4700.
The miners who bought the ASIC made around $800 from Nov to May after electricity so they lost $1900 per ASIC and now its breakeven with electricity cost so its just speculative mining.

To Compare: 5 months ago I paid $3250 for my 7 card GTX1070 miner which is worth pretty much the same today my GPU RIG cost around $0 per month.