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Showing 3 of 3 results by cryhavoc38
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Board Mining (Altcoins)
Re: Bitmain Antminer X3 -- 220KH+ Cryponight - 550W
by
cryhavoc38
on 20/03/2018, 18:33:00 UTC
I AM very confident with the $1900 one :

1. More than 3 months after monero change algo (just a little different than cryptonight), X3 might update its firmware just like Baikal's miner.
2. For Monero only, with total 4 batch of X3s and if each has 10000 units for total 40000 units means hashrate will rose by 8.8 ghs. With current around 1 ghs and X3s 8.8 ghs for total around 10 ghs, it still mining $20 a day or $600 a month (220khs of cryptonight in Nicehash $200 per day now). Usually Bitmain's Batch only 5-6k or, it will more profitable.
3. Even if it can not mine Monero, there are many coin that can be mine AND there are auto switch pool or rent service like Nicehash so its still profitable.
4. Competitor doesnt have anything big to compete, so network hashrate wont be that big. I would love to add Halong but their miner not be seen anywhere.
5. I always touch break even point at whatever Bitmain throw, even D3 that hated by everybody. All calculated by coin not USD

The point of mining is INVESTMENT for a long time. If you mine with S9 right now and sells the coin right away at 8-9k, then you miss the point and of course you will have big loss. Hold the coins and set sell order at your favorite exchanges with 5 times of its price right now OR atleast wait for next halving.

Im not siding with Bitmain BUT they almost counter every competitors with better hardware. I bet when new SHA256 miner with 2x efficiency, Bitmain will release 4-5 times better OR cheaper.


Good luck and I wish you the best on your positive outlook,but...........Bitmain is offloading the X3 miners they filed a certificate of conformity on 01/23/2018 which means they have been mining the X3 for months and when Monero announces POW change to V7 they all of the sudden want to sell ? Not only this ,but there are 4 manufacturers total announcing Cryptonight miners for sale now. This is worse than D3 scenario people can use rose colored sunglasses but reality is this situation is not looking good for any one who purchased any cryptonight ASIC. 

For FYI's sake, that cert of conformity, if you look/read it closely, is for their "Antrouter's", not their asics.
Devil is in the detail.
Post
Topic
Board Speculation
Re: panic or to be calm
by
cryhavoc38
on 15/03/2018, 03:26:49 UTC
The price of Bitcoin is getting down day by day but i am using it as an opportunity and every fall in Bitcoin price of $200 i am investing $50. In my view it may go down to $6000.


The end of this correction is a ways off.
The Mt Gox court appointed admins are selling off soo many BTC to book fiat that the bottom is too far off to see.
Meaning we will see $5000 before mid next week, and $4k the following week.

They have to exchange btc for $$ and its too much pressure for the market to fight.

Post
Topic
Board Speculation
Re: do you think bitcoin will go back to 6000? should i sell now?
by
cryhavoc38
on 03/02/2018, 08:50:35 UTC
It depends: (1) what is your average price?; and (2) how much does this investment represent in your total savings/portfolio?

Answering your question: no, I don't believe BTC will touch the 6,000 level

Unfortunately, I see btc hitting 6k within the next couple weeks.
At least momentarily it will, then it will establish a new line in the mid 7k range, then another week, we will see it dip to the 5k range.

The issue with the price fall is that the market is there to short BTC hard.
Those who are shorting btc, especially since the futures market was opened up, are booking some serious profits.

Most in this game are day trading it. buying and selling making some good cash on the daily rise and fall.