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Yeah, assuming equihash doesn't hard fork away, these will kill GPU mining as 1 of these does almost as much as 4-5 of my smaller rigsDarzl wrote:I have had a quick look and its interesting, $2K plus import duty I suppose isn't bad.
$30 a day profit on a calculator I found with current prices and some electricity cost
Yeah but $30 a day is subjective when you look at power costs. If I were to shut down my other GPU rigs on Equihash right now (I'm not) I would save approximately ~5000w of power usage for that same $30Aura89 wrote:$30 a day for an algorithm that doesn't have ASICs on it yet is actually really pathetic. This should be in the hundreds to thousands of dollars per day without an ASIC. All this means is that ASICs will be able to flood the market exceptionally fast, so if bitmain is...well, bitmain, the first batch of miners released will pretty well certainly make equihash a less then $10 per day miner.
But it's not going to BE $30 a day, again, it'll likely be $10 and under. Unless bitmain doesn't flood the market, personally, i expect it'll be less then $4Eyedol-X wrote:Yeah but $30 a day is subjective when you look at power costs. If I were to shut down my other GPU rigs on Equihash right now (I'm not) I would save approximately ~5000w of power usage for that same $30Aura89 wrote:$30 a day for an algorithm that doesn't have ASICs on it yet is actually really pathetic. This should be in the hundreds to thousands of dollars per day without an ASIC. All this means is that ASICs will be able to flood the market exceptionally fast, so if bitmain is...well, bitmain, the first batch of miners released will pretty well certainly make equihash a less then $10 per day miner.
My existing rigs I'm going to diversify with and use for other algos
definitely agree we more lower wattage asics for decentralization, the problem is everyone wants "more power" which literally requires "more power" when it comes to Asics so they seem to go around thermal or power limitations as of late and is why every Asic ends up around 1000w lately.Aura89 wrote:But it's not going to BE $30 a day, again, it'll likely be $10 and under. Unless bitmain doesn't flood the market, personally, i expect it'll be less then $40Eyedol-X wrote:Yeah but $30 a day is subjective when you look at power costs. If I were to shut down my other GPU rigs on Equihash right now (I'm not) I would save approximately ~5000w of power usage for that same $30Aura89 wrote:$30 a day for an algorithm that doesn't have ASICs on it yet is actually really pathetic. This should be in the hundreds to thousands of dollars per day without an ASIC. All this means is that ASICs will be able to flood the market exceptionally fast, so if bitmain is...well, bitmain, the first batch of miners released will pretty well certainly make equihash a less then $10 per day miner.
My existing rigs I'm going to diversify with and use for other algos
Yes, the power costs are nice, and quite frankly, we need more lower-wattage ASICs.
Remember, Siacoin for example was showing something like thousands of dollars a day on a calculator when the A3 was announced. Yet when all the first batch of ASICs were released, it went down to $30 a day, and now that even more have been released, only 3-4 months later, it's now down to around $10 a day, and still decreasing.
So the fact that:
Siacoin went from thousands of dollars, to 30, to 10, and still lowering
And Equihash is on $30 BEFORE the ASICs have hit....if they flood the market the same way they did the A3, where exactly do you think that daily profit will be? If we did a straight comparison, it'd be in the pennies, if not negatives.