Post
Topic
Board Mining (Altcoins)
Re: Bitmain Antminer X3 -- 220KH+ Cryponight - 550W
by
MagicSmoker
on 31/05/2018, 15:17:07 UTC
Sorry, but Marvell2 is most likely going to be proven right. Ignoring the tiniest of altcoins, those that still run stock CN or CN-Lite and their current network hashrate are:

Electroneum  ETN       1900MH/s
Dero             DERO      500MH/s
ByteCoin       BCN       170MH/s
Aeon            AEON      112MH/s
Karbo            KRB        62MH/s
Bitsum          BSM      16.4MH/s
LeviarCoin     XLC        7.5MH/s
DinastyCoin   DCY        6.5MH/s
Ultranote       XUN        2.7MH/s
BalkanCoin    BKC        2.3MH/s
BitCoal          COAL      1.4MH/s
CrepCoin       CREP       0.1MH/s

If all the hashrate for ETN gets divided among the remaining coins in the same ratio then 56.7% of the 1900MH/s will go to DERO, 19.3% will go to BCN, 12.7% will go to AEON, etc... That's around 1100MH/s going to DERO, which will basically triple its network hashrate and cause profitability to fall by the same ratio; instead of earning ~8.5 DERO per day (worth $22US) that will drop to around 2.8 DERO/day (worth about $7.35US).

~snip

Doubtful at best. At 330 Kh/s rate. I'm doing just fine, He was spot OFF!

It took a day after ETN forked, but DERO is now up to ~1400MH/s - much as I predicted - and an X3 went from making $20US/day to $10US/day overnight. Oh, theoretically you can still make $19US/day mining Bitsum, but good luck dumping those coins for anywhere close to what the calculators predict.

And FYI, I don't have a problem with ASICs - I'd actually prefer to use them - but what I do have a problem with are the shady practices of the ASIC manufacturers, who, btw, are conveniently shielded from US law by all being located in China or former Soviet-bloc countries. It is no secret that ASIC miner manufacturers do "extensive pre-release testing" of their products and only deign to sell them to the public either when they have been found out or they've developed an even faster version. I mean, did you not notice that Baikal first released a 20kH/s miner, only to follow it up a few weeks later with a 40kH/s version and, finally, a 240kH/s model? Frankly, it's *you* that should be pissed right now, especially if you paid $12k US for the X3.

To paraphrase South Park, "dey terk yur coinz."