Post
Topic
Board Mining (Altcoins)
Re: Baikal Giant X10
by
MiCoSa
on 05/06/2018, 12:01:45 UTC
Profit today dropped to $7.50 / day



Who bought X10 (BK-X) from baikal?  

You are so stupid =)  You was warned many times.

Soon you will see 3 USD a day and less!

You lose your money!

This is a very stupid post. Of course it would be stupid to buy it now. But first and second batch buyers did make a lot of money with these miners. I got ten devices from second batch delivered by end of decembre and they paid for themselves middle of january...

Buying them now, or if anyone bought them when they was at 7000$ per piece definitely is/was not the best decision. But on the other side, crypto market crashed down about 60-70% since decembre. If it will come back to the decembre prices, the X10 will make higher profits again. At this time, there are nearly no asics that makes good profit. This is why all asic manufacturers cant sell their miners. Half a year ago, it was nearly impossible to get an Antminer, as they were sold out 30 minutes after they were available. Today, noone buys it. The problem is, that there are only a few, most chinese manufacturers. They dont give a shit about there customers. And there is nothing they have to fear about, as noone outside of china will be able to get money back or something like that.

Anyway, i think you should not buy these miners anymore. They are "old" and the risk is very high...

They actually make more money than 90% of the ASICs out there and use far less electricity. Baikal are also going to be adding new algos soon. If the market picks back up these could be hot property again. I have 7 and not selling any of them. S9 1400w $7 per day X10 400w $10 per day

Do you know their soon? Last time it was about 6 months. And before they release it they fill their bags. Anyway, new algos wont increase the profitability very much. Unfortunately there are still people that think, if there is a new algo, they will earn hundreds of dollar per day per device. Well they will for about two hours. After that all the already sold miners have the new algos installed and profit goes down. We saw that last time. Of course it will increase the profit a little bit, but not much.
If i see the profitability right now and the fact, that Baikal is still selling these miners, they will be useless very soon (at least in a lot of countries) if there is not a big raise in price... You also need to consider that one of the most profitable coins for that miner, Digibyte, is going to change all three algos you can use with that miner to mine DGB (Qubit, Myriad-Groestl, Skein). If this happens, profitability will go down near zero... Even with new algos added, the miners will not increase profitability very much. So i would never buy this miners right now, even if they would sell it for batch 1 price. It is no more worth that price.