Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
⭐ Merited by suchmoon (5)
Just accept the fact that the network, as measured by profitability and your ROI, is ruined.
It's math, not magic. Within 30 days, the network difficulty is 244% higher. The Network Hashrate is roughly 400% higher.
You can extract those numbers using prediction models to estimate where you're ROI in an additional 30 days, 60 days etc... until it's fully saturated.
People are in love with the "idea" of mining. The problem is that you're playing an inherently unfair game. You're putting 100% of your trust in a Chinese company that's making these machines, running them to rake in massive profits (without any real competition) and then knowingly dumping them on the naive consumer once they've calculated their worth to be below the return they would have by operating them. The D9 miner is probably less than $800 to produce. They sell them at $6800, an 750% markup - because the customer "thinks" they will get their ROI.
You will never get your ROI on a mining machine unless you're in 1 of 2 buckets.
1- You own a manufacturing company who can house, operate and develop your own miners with minimal cost.
2- You have a secret relationship with "underground" miners who are running operations that the general public doesn't know about.
If you made machines that printed money... you'd keep them - unless the money was worthless (and you knew that) or inflation was so high (network difficulty / hashrate) that it would be less profitable to print it than it would to sell them.
I say this as someone who loves mining. I love the technology, the operation, and the principle behind Crypto. However, as a business man and investor who owns several mining rigs with a large investment, I would STRONGLY caution anyone from investing money into any form of mining equipment unless you're totally okay with never seeing that money again.
It's math, not magic. Within 30 days, the network difficulty is 244% higher. The Network Hashrate is roughly 400% higher.
You can extract those numbers using prediction models to estimate where you're ROI in an additional 30 days, 60 days etc... until it's fully saturated.
People are in love with the "idea" of mining. The problem is that you're playing an inherently unfair game. You're putting 100% of your trust in a Chinese company that's making these machines, running them to rake in massive profits (without any real competition) and then knowingly dumping them on the naive consumer once they've calculated their worth to be below the return they would have by operating them. The D9 miner is probably less than $800 to produce. They sell them at $6800, an 750% markup - because the customer "thinks" they will get their ROI.
You will never get your ROI on a mining machine unless you're in 1 of 2 buckets.
1- You own a manufacturing company who can house, operate and develop your own miners with minimal cost.
2- You have a secret relationship with "underground" miners who are running operations that the general public doesn't know about.
If you made machines that printed money... you'd keep them - unless the money was worthless (and you knew that) or inflation was so high (network difficulty / hashrate) that it would be less profitable to print it than it would to sell them.
I say this as someone who loves mining. I love the technology, the operation, and the principle behind Crypto. However, as a business man and investor who owns several mining rigs with a large investment, I would STRONGLY caution anyone from investing money into any form of mining equipment unless you're totally okay with never seeing that money again.