Quote from: WCBR69 on June 25, 2018, 07:12:51 PM

Quote from: klwolf2000 on June 25, 2018, 07:11:24 PM

Quote from: KashHappy on June 25, 2018, 02:52:52 PM

Quote from: ricecooker on June 22, 2018, 06:35:05 AM

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.

klwolf2000

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