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Showing 20 of 82 results by klwolf2000
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Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 26/06/2018, 15:29:46 UTC
They're selling at $4600 for two units, so $2300 a pop. Earning is around $24 a day, so break even in a couple of months. Why is everyone saying they won't make their money back?

You won't. Making X amount a day to break even in a couple of months isn't an accurate measure to recoup your investment. If you're looking at whattomine or whatever, what you are seeing is a snapshot of rewards at the current point in time. *Assuming no other miners come online and the difficulty stays the same - that's not gonna happen so if that's what anyone is assuming, they'll be sadly mistaken.  

When manufactures flood the market such as Inno and continue to sell an infinite supply ASICS, the hashrate goes way up and rewards diminish rather quickly. When profits diminish, they adjust the price of the ASICs so people think they're getting a good deal with a discounted price. But guess what happens when all those "discounted" ASICs come online, that $24 a day will quickly be reduced to $15, $10, $5, $2.

It's all a cat/mouse game and you're the measly mouse they're the Lion. They don't give a fuck about customers making their money back, evident with how quickly new batches are made available for purchase. Read the thread from the beginning when people where happy and jolly to now EVERYONE is pissed. There's a reason why Inno no longer responds or contributes to this thread. They fucked us and they know it.

You're better off buying actual coins than mining.
This is so true. I wish I would have just spent my initial investment on DCR instead of these crap miners. DCR was around $60 each then and I would have made a lot more money then lose it by buying these ASICS. When the first miners from Halong came out it was about 6 weeks to brake even but that never even came close because within 2 weeks Inno came out and flooded the market and now I'm only about half way through my ROI but to get the other half it will take 1 year according to What to mine and that is only if the network doesn't change at all which it won't. As soon as Decred pumps Inno will just release more miners further dropping any profits for anyone.

how much did you pay your Halong ?
I bought 1st batch Halong B29 at 11k flat price (included power supply, shipping and import tax) and 1st batch Inno D9 at $8800 (No power supply included so add $160 and I had to pay $370 importation tax). I haven't sold any coins because I believe DCR is well undervalued and as of today I have mined only 117 DCR. If I instead put that money into DCR I would have around 340 DCR and also have 3-4 POS tickets so yes everyone that bought a decred miner got screwed big time. I know that mining or buying coins is a gamble but Halong said to the community that they were the only company with the samsung miners and they were releasing batches about 1-1.5 months apart. Turns out that they sold their tech to Innosilicon which didn't want to do things the right way and flooded the market screwing everyone.
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Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 25/06/2018, 19:11:24 UTC
They're selling at $4600 for two units, so $2300 a pop. Earning is around $24 a day, so break even in a couple of months. Why is everyone saying they won't make their money back?

You won't. Making X amount a day to break even in a couple of months isn't an accurate measure to recoup your investment. If you're looking at whattomine or whatever, what you are seeing is a snapshot of rewards at the current point in time. *Assuming no other miners come online and the difficulty stays the same - that's not gonna happen so if that's what anyone is assuming, they'll be sadly mistaken.  

When manufactures flood the market such as Inno and continue to sell an infinite supply ASICS, the hashrate goes way up and rewards diminish rather quickly. When profits diminish, they adjust the price of the ASICs so people think they're getting a good deal with a discounted price. But guess what happens when all those "discounted" ASICs come online, that $24 a day will quickly be reduced to $15, $10, $5, $2.

It's all a cat/mouse game and you're the measly mouse they're the Lion. They don't give a fuck about customers making their money back, evident with how quickly new batches are made available for purchase. Read the thread from the beginning when people where happy and jolly to now EVERYONE is pissed. There's a reason why Inno no longer responds or contributes to this thread. They fucked us and they know it.

You're better off buying actual coins than mining.
This is so true. I wish I would have just spent my initial investment on DCR instead of these crap miners. DCR was around $60 each then and I would have made a lot more money then lose it by buying these ASICS. When the first miners from Halong came out it was about 6 weeks to brake even but that never even came close because within 2 weeks Inno came out and flooded the market and now I'm only about half way through my ROI but to get the other half it will take 1 year according to What to mine and that is only if the network doesn't change at all which it won't. As soon as Decred pumps Inno will just release more miners further dropping any profits for anyone.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 20/06/2018, 14:04:57 UTC
It looks like there is a new firmware out for the D9. Anyone know what the changes are?

What's up wolf. Where did you see that? Hopefully, it's better hash rate without much-added power consumption.

What pool are you mining at and what's your daily reward for 1 machine? I'm on coinmine getting 0.304 at 2.37Ths from the last fw update.

Anyone getting better rewards elsewhere?
On Innosilicons website they have the new firmware out but its dated 06/02 when the last one they came out was on 05/24. I checked last week and didn't see the latest firmware on the site and the miners don't seem to find it with the built in firmware check/update tool. I'm mining on Luxor pool and getting about .3 per machine and hashing at 2.4Ths. I tried coinmine but I was getting about 5% less.

Crazy how quickly rewards went to shit here. Inno needs to come out with another firmware to make ROI possible or pump the hell out of DCR.
Neither of those will help because a new firmware will just increase the network hash which everyone on the network will just upgrade and nothing changes. Even if they pump the hell out of Decred they will then list another batch of miners for sale further lowering the reward for miners. Inno just should have released batches every 1.5 months apart because now no one will make their money back.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 19/06/2018, 16:28:49 UTC
It looks like there is a new firmware out for the D9. Anyone know what the changes are?

What's up wolf. Where did you see that? Hopefully, it's better hash rate without much-added power consumption.

What pool are you mining at and what's your daily reward for 1 machine? I'm on coinmine getting 0.304 at 2.37Ths from the last fw update.

Anyone getting better rewards elsewhere?
On Innosilicons website they have the new firmware out but its dated 06/02 when the last one they came out was on 05/24. I checked last week and didn't see the latest firmware on the site and the miners don't seem to find it with the built in firmware check/update tool. I'm mining on Luxor pool and getting about .3 per machine and hashing at 2.4Ths. I tried coinmine but I was getting about 5% less.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 18/06/2018, 12:22:45 UTC
It looks like there is a new firmware out for the D9. Anyone know what the changes are?
Post
Topic
Board Mining (Altcoins)
Re: ASIC MINERS 101 - NO ROI - OVERSOLD TO MARKET - POOR PROFIT - SCAMMERS
by
klwolf2000
on 14/06/2018, 18:36:24 UTC
Don't be surprised if in the near future Nvidia and AMD stop releasing the latest GPU's to the public if they can make more money then they would selling it. As soon as they make the first big leap in GPU technology they will setup mining farms of their own and then sell used stuff to everyone just like all the ASIC companies.
Post
Topic
Board Mining (Altcoins)
Re: ASIC MINERS 101 - NO ROI - OVERSOLD TO MARKET - POOR PROFIT - SCAMMERS
by
klwolf2000
on 13/06/2018, 22:39:10 UTC
God there are way too many stupid GPU miner fanboys on the forums. They don't realize asics are going to take over no matter what even if there are forks because you can't stop progress and technology. GPU mining will be near dead by the end of the year and only shitcoins will be what GPU's can mine. The bad thing is that anyone that makes Asics wont sell their money printing machines until they squeeze every last penny out of them. Obelisk is doing things the right way with their launchpad and I can't wait until they finally get the ball rolling for asics on every POW coin.
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Topic
Board Mining (Altcoins)
Re: I'll PayPal someone $50 to help me TeamView configure my d9 decredmaster
by
klwolf2000
on 12/06/2018, 22:37:13 UTC
If you send me 1 dcr I'll help  Grin I'll get you setup on Luxor which is the best pool from my testing and their support is great. PM me with your phone # or teamviewer info and I'll get you setup in no time. You can send me 1 DCR after you mine it.
Post
Topic
Board Mining (Altcoins)
Re: Mining
by
klwolf2000
on 12/06/2018, 16:59:25 UTC
I think hybrid like Decred is the best. It has POW and POS and their POS also happens to be the most profitable at 1.38% a month as of today. The best thing about POS is that you buy and hold, earn interest and can sell at any time. With POW you need to dedicate a lot of money into the equipment, need to pay costs of electricity and if the network gets flooded with ASICS you lose your ass and will never make your money back unless you mined and hold for the long run. Either way you have to hold but POS is the safest bet.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 10/06/2018, 16:21:12 UTC
CAUTION!!! Unless you are HODLing coins for future profit which may or may not happen or enjoy a really expensive hobby with quickly diminishing rewards. I'd advise proceeding with caution if you're considering investing in these miners.

I bought a D9 on the first wave from Innosilicon and was a strong supporter. Unfortunately, Inno flooded the market - driving rewards to down so quickly, even with the 1 one get 1 free promotion achieving ROI or turning a profit is so far down the road. And it's only going to get worse with the superior iBelink miner available now at similar pricing and Obelisk DCR miner becoming available soon.

Stats on 4/30:

Difficulty: 303,586,666
Nethash: 4.44 Ph/s
Daily Rewards: 1.77 DCR

Stats as of today:

Difficulty: 1,546,491,224
Nethash: 25.95 Ph/s
Daily Rewards: 0.35 DCR

Thank you, Inno!

Yes Innosilicon is a POS! They charge very high prices then flood the market so that no one will make their money back. I bought 1 from Halong and 1 from Innosilicon and Halong was doing it the right way by selling 1 batch every 1.5 months apart but they sold their tech to several manufacturers that just want to screw everyone. I will never support these companies again and I will just stick with Bitmain. At least they don't drive the ROI up to 2 years, put outrageous prices on miners and they have better support/warranty.

So disappointed with Innosilicon’s release strategy because they royally screwed their customers by flooding the market. Even the first batch customers will have a difficult time reaching ROI before seeing  any profits. So sad for paying so much for a “premium” miner that quickly went to shit.

People who think Inno’s buy 1 get 1 free is a good deal is sadly mistaken or will find out soon enough with rewards diminishing so much. The ONLY saving grace right now is if DCR price skyrockets or spikes high enough to sell, buy low, accumulate more, rinse and repeat. 

At least Halong had it right with their release schedule and waiting. Hopefully, you’ve made your money back for the B29. Halong seems to be in shambles now, what’s going on with them now? Weird. Maybe they were a shell company. Idk.

You have better experience with Bitmain than me. They flood the market as well. I will be lucky if I ever ROI on price I paid for my S9’s and L3+s. Unfortunately, it seems all Mining Manufactures really only care about profits from overselling machines and profits they made secretly mining before selling their soon to be obsolete machines to sucker customers for even more profits. Customers can paperchase in hopes and dispair, they don’t care. But hey suckers here’s some coupons, buy more machines. No thanks!

Mining doesnt seem profitable anymore.
I've only recently have made about 10k in coins with my B29 and D9 but the B29 was 11k and the D9 was 8.8k after shipping, tax and power supply. I will never make my money back thanks to these fucking retards and I would have been way better off just buying Decred.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 09/06/2018, 17:49:04 UTC
CAUTION!!! Unless you are HODLing coins for future profit which may or may not happen or enjoy a really expensive hobby with quickly diminishing rewards. I'd advise proceeding with caution if you're considering investing in these miners.

I bought a D9 on the first wave from Innosilicon and was a strong supporter. Unfortunately, Inno flooded the market - driving rewards to down so quickly, even with the 1 one get 1 free promotion achieving ROI or turning a profit is so far down the road. And it's only going to get worse with the superior iBelink miner available now at similar pricing and Obelisk DCR miner becoming available soon.

Stats on 4/30:

Difficulty: 303,586,666
Nethash: 4.44 Ph/s
Daily Rewards: 1.77 DCR

Stats as of today:

Difficulty: 1,546,491,224
Nethash: 25.95 Ph/s
Daily Rewards: 0.35 DCR

Thank you, Inno!

Yes Innosilicon is a POS! They charge very high prices then flood the market so that no one will make their money back. I bought 1 from Halong and 1 from Innosilicon and Halong was doing it the right way by selling 1 batch every 1.5 months apart but they sold their tech to several manufacturers that just want to screw everyone. I will never support these companies again and I will just stick with Bitmain. At least they don't drive the ROI up to 2 years, put outrageous prices on miners and they have better support/warranty.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 05/06/2018, 20:02:06 UTC
Innosilicon -

I woke up this morning and found this -

https://preview.ibb.co/httFQ8/D1.png
https://preview.ibb.co/g8Dh58/D2.png

I have 2 D9's - both are updated with the most recent firmware. As of lastnight - both are now operating at less than 1 Ghs. I've reset them, but no luck. What's going on?



I had the same issue and it was with Luxor's east pool. I notified them and they are aware of the issue and after switching to their west pool the miners work fine again.

Thank you for your feedback. Any problem for technical problem you can send email or add Skype miner_support@innosilicon.com.cn We will try our best to help you asap. Thank you.
Any chance of releasing firmware with custom fan and frequency/voltage control?
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 04/06/2018, 14:54:40 UTC
Innosilicon -

I woke up this morning and found this -

https://preview.ibb.co/httFQ8/D1.png
https://preview.ibb.co/g8Dh58/D2.png

I have 2 D9's - both are updated with the most recent firmware. As of lastnight - both are now operating at less than 1 Ghs. I've reset them, but no luck. What's going on?



I had the same issue and it was with Luxor's east pool. I notified them and they are aware of the issue and after switching to their west pool the miners work fine again.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 24/05/2018, 17:16:54 UTC
Dear D9 customer,

As the difficulty of coin digging grows, to better serve the customers and bring more profits,  Innosilicon optimizes the firmware of the D9 miner. After upgrading the firmware, the D9 calculating force can reach 2.4TH/s.

The specific updates are as follows:
http://www.innosilicon.com.cn/download/D9_20180524_071211.swu
I just upgraded my firmware on both my miners and now I'm getting some really crazy hash rates. I'm getting anywhere between 1TH/s to 7TH/s  Shocked is this normal?

I also updated the firmware, here are the comparisons for me:

Old Firmware: 2.05 Th/S pool hash rate, (2.36 from GUI) @ 830W, Average 75C with fan speed at 75%
New Firmware: 2.35 Th/S pool hash rate, (2.4 from GUI) @ 950W, Average 71C with fan speed at 55%

Obviously, I've only been running with the new firmware for a couple hours, but so far, it seems better. I have not done the auto-calibration.

Edit: Added hash rate reported sources.
Are you seeing crazy hashrates directly from the miners like I am? They are wildly swinging up and down now.
https://image.ibb.co/k7VXWT/mining.jpg

I have not seen a large swing in the GUI-reported hash rates.

I think the picture is from Awesome Miner GUI, which is showing wild swings. Although it shows average also.
It is from awesome miner but when I logged into the miners I saw the exact readings I was getting in awesome miner. Refresh your miner status page fast when you log in to see if you see what I'm seeing.
EDIT: It looks like when logged into the miner they only show average hashrates so when you first log into the miner after booting it you will see the high hashrates but as it averages out you will only see the average hashrate.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 24/05/2018, 17:07:45 UTC
Are you seeing crazy hashrates directly from the miners like I am? They are wildly swinging up and down now.
https://image.ibb.co/k7VXWT/mining.jpg

What does your pool show?
My pool shows 5.15TH/s and it is slowly going up.
https://image.ibb.co/i9xqJ8/miner2.jpg
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 24/05/2018, 16:41:09 UTC
Dear D9 customer,

As the difficulty of coin digging grows, to better serve the customers and bring more profits,  Innosilicon optimizes the firmware of the D9 miner. After upgrading the firmware, the D9 calculating force can reach 2.4TH/s.

The specific updates are as follows:
http://www.innosilicon.com.cn/download/D9_20180524_071211.swu
I just upgraded my firmware on both my miners and now I'm getting some really crazy hash rates. I'm getting anywhere between 1TH/s to 7TH/s  Shocked is this normal?

I also updated the firmware, here are the comparisons for me:

Old Firmware: 2.05 Th/S pool hash rate, (2.36 from GUI) @ 830W, Average 75C with fan speed at 75%
New Firmware: 2.35 Th/S pool hash rate, (2.4 from GUI) @ 950W, Average 71C with fan speed at 55%

Obviously, I've only been running with the new firmware for a couple hours, but so far, it seems better. I have not done the auto-calibration.

Edit: Added hash rate reported sources.
Are you seeing crazy hashrates directly from the miners like I am? They are wildly swinging up and down now.
https://image.ibb.co/k7VXWT/mining.jpg
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 24/05/2018, 16:00:23 UTC
Dear D9 customer,

As the difficulty of coin digging grows, to better serve the customers and bring more profits,  Innosilicon optimizes the firmware of the D9 miner. After upgrading the firmware, the D9 calculating force can reach 2.4TH/s.

The specific updates are as follows:
http://www.innosilicon.com.cn/download/D9_20180524_071211.swu
I just upgraded my firmware on both my miners and now I'm getting some really crazy hash rates. I'm getting anywhere between 1TH/s to 7TH/s  Shocked is this normal?
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 19/05/2018, 19:40:19 UTC
I just noticed Inno is releasing a 3rd batch this week.... I see that they like to fuck their customers by flooding the market so no one makes any money. The 3rd batch they want $6800 that doesn't include shipping or power supply.... When Halongs 2nd batch and Inno's 3rd batch come online next week expect all miners to make $30-$40 a day. These retards should wait a month before releasing more miners otherwise no one will be able to recoup their initial investment. For how much they are charging now with the difficulty increase it would make more sense to just buy the coins and start putting them into POS.
Post
Topic
Board Mining (Altcoins)
Re: DragonMint B29 Blake256 Miner (March)
by
klwolf2000
on 19/05/2018, 14:04:04 UTC
The thing that is most retarded is that Innosilicon is flooding the market with miners just like Bitmain and unlike Bitmain they only give us a 90 day warranty. They have now made it a 6 month ROI at least with more asics on the way and if you have a board take a shit you are screwed because they won't replace anything even though you paid $7,300.
Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
klwolf2000
on 16/05/2018, 17:06:29 UTC
I decided to flip my D9 on eBay. After reading, "The State of Cryptocurrency Mining" by David Vorick, and seeing my other miners have yet to ROI, and probably won't, I'm finding this game to be ridiculous.

Interesting read. As I mentioned earlier in this thread, one must assume manufacturers are also running these miners behind the scenes. David's blog kinda of confirms my suspension but make no mistake, Obelisk will be doing the same thing. Why the heck would any manufacturer sell their "money printing" machines if they can keep the profits all to themselves? It's another avenue to generate revenue to build more machines, for their self.

One of the things that caught my attention is David mentions at the time of his writing (5/13) is that Obelisk will be shipping their first miners in about 8 weeks, putting their launch closer to July instead of June as many expected if that's true. The biggest concern for all miners is the market being FLOODED resulting in longer ROI, if ever achieved. We should all be aware that mining calculators are current state and not a good gauge of profitability months or even weeks down the road. Many of us have learned the hard way, myself included.

The D9 is no exception. I've seen the profitability drop from $200/day when I ordered/waiting on batch 1 from Innosilicon to current state of $89/day, granted the market is down everywhere today but it's not the first time I noticed the $80 range. That's assuming all batch 2 orders are online now. Innosilicon is currently onto their 3rd batch so I would presume profitability will take another major hit down to around the $50/day or more when those machines are up and running. Lord help us all when the Obelisk miners get online. I think we'll see it drop to around $20 range around that time.

The only positive is the longer it takes for competition from Obelisk, hell even Innosilicon, to get online the quicker the chances are to ROI. I'm happy that I purchased the D9 batch 1 when I did but have to admit, I'm much more reluctant to purchase this current batch (which I intended to do) and any other batches in the future seeing how quickly Innosilicon releases additional batches diminishing profitability very quickly. It's very much a cat and mouse game and we're at the mercy of the manufacturer.

This major concern would be somewhat alleviated if releases were pushed a bit further apart allowing us to get closer to ROI before the next batch becomes available. I think, let's all hope Innosilicon truly is a different company than Bitmain with respect to caring about their customer base by NOT flooding the market. I've had a great overall buying experience and looking forward to repeating business but at this rate, there's too much risk.

**Inno, please hear this plea. PLEASE slow down on your releases so YOUR customers are not burned by purchasing your miners. Let us get a bit closer to ROI before releasing subsequent batches.**

I agree these companies need to wait 2 months before bombarding the network with more miners. They charged way too much for these miners that now look impossible to make ROI. If new miners would come out every 2 months then it wouldn't be a problem but with Inno and Halong both flooding the market every month it is going to kill any chance of making a profit.