webmaster@bitmaintech.com to me 8 minutes ago. Most of Monero fork’s products turned out to have no real value, however, one project managed to remain relevant and interesting for users - Monero-Classic (XMC). DASH signs up for merchant payments. These are the most conservative estimates. At a power consumption of 550W and a hash rate of 220KH/s, miners could profit over $4,000/month running it to mine Monero. Ethereum Killers: Competition for the Second Biggest Blockchain. 2.1 out of 5 stars 2 ratings. Antminer is proudly designed and manufactured by Bitmain and … Antminer X3 Some recent drama has developed around this device and Monero. Current Monero Hash rate is 960 MegaHashes/s (Electroneum has about 363 I think). With the 28th March network upgrade, it is useless almost 2 month before shipping. These risks can be related to changes in exchange rate of the cryptocurrency or to changes in the algorithm that is used to mine the cryptocurrency. With a hardfork on the horizon for Monero, the device will be obsolete before buyers can recover costs. People were burnt with the Dash miners, most barely making 50% roi to date. By the time these miners will ship, all the ASIC hashrate will have been forced out of Monero, and the difficulty on the only other cryptonight coins will have skyrocketed. The Antminer X3 technical specifications are as follows: Crypto Mining. There are 3 six-pin PCIe connectors on each hashing board and all three need to be connected to the PSU for the hashing board to operate. You will need an ATX PSU with at least 10 six-pin PCIe connectors. To be fair there are other cryptonight coins so it's not completely worthless. Bitmain’s New Antminer x3. Hi! SOL launches a DEX and Mark Cuban supports FTM, Ethereum Price Hits $2,000, CRO and Raven Fly as Rally Expands, Feb. 22. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. The fact they are not means a few things. Thats why i'm even in the CPU exclusive mineable coins, they will have a hard time swallowing that brick into their corporative greedy esophagus. 3 years ago #ASIC Recent Bitmain release announcement on Antminer X3 made Monero (XMR) team to change the way and the frequency of XMR hard forks in order to remain ASIC resistant cryptocurrency. Hashrate: 220KH/s Power Supply The Antminer APW3++ is the recommended power supply for safe and efficient Bitmain Antminer X3 … They aren't selling out quick because A) it always takes more than 30 minutes and B) maket is bearish so demand for all mining equipment is low. Join our newsletter and be the first to know! Therefore, the shipping cost for batches that are to be shipped after April 2018 will be slightly different (likely lower) than those that are to be shipped before April 2018. New & Used (2) from $499.00 & FREE Shipping. Antminer X3 is a CryptoNight algorithm mining equipment sold by Mining Wholesale. Casual user mining or even botnets happen more organic and gradually, not instantly like we can see in the charts. Miners on the … However, some of you may have heard last Bitmain announcement about brand-new Antminer X3 for CryptoNight-based cryptocurrencies such as Monero, Electroneum, Bytecoin, and others, and may want to consider your possible alternatives. Overclocking Antminer X3 can give more mining returns by increasing efficiency and load of your Antminer or ASIC machine.. Before starting with overclocking you should be aware of the cons involved in this process. UNI faces swap competition. Not only does the Antminer x3 draw attention to Bitmain’s questionable business practices, it also represents a slight against Monero’s core ethos. At a power consumption of 550W and a hash rate of 220KH/s, miners could profit over $4,000/month running it to mine Monero. The Antminer x3 is available on the Bitmain website as a 220KH/s mining rig for the CryptoNight hashing algorithm. His argument rests on the fact, that Monero employs extensions, boosting CPU’s mining status. At the moment, XMC is more or less the only Monero's fork with actual roadmap, strong developers' team behind it and promising future directions. Bitmain Antminer X3 is an ASIC miner designed for mining CryptoNight based Coins such as Monero. NOTHING PERSONAL, JUST BUSINESS. The new mining device is designed to specifically for CryptoNight hashing algorithm used by Monero. The shipping for this batch will start on a first-order-first-ship basis on 15 May 2018 for orders that Bitmain has received full payment for. There are … A mining pool where Bitmain is most likely tested by … but bitmain are testing, and profiting from it right now, and getting a shitload of coins.... Every machine you buy from Bitmain has already been used for at least 2 months. Normally miners like this would have been sold out within 30 minutes. The Antminer X3 … Its having a planned fork match 28th anyway. 4. Overclocking Antminer X3 can give more mining returns by increasing efficiency and load of your Antminer or ASIC machine.. Before starting with overclocking you should be aware of the cons … 1. The first batch of the Antminer X3 will ship from 15th to 31st of May. Bitmain has released a new ASIC miner Antminer X3 for Monero. In March, Bitmain announced a brand new Antminer X3 for mining coins using the CryptoNight algorithm. Look at their disclaimer. The decision to list the miner as a CryptoNight mining rig is deliberate – it theoretically sidesteps the controversy that a ‘Monero’ mining rig would gain. According to an email sent by Bitmain, the company is offering a substantial discount to its existing customers for Antminer X3 … ETC and IOTA see big price ETCgains. ... That doesn't sound right considering the supply was limited, now if you take into account that each of these miners is capable of 220.000 hashes/s, than that is 4363 X3 devices, which sounds totally doable for a multi billion $ company. Founder Saar Wilf Sheds Some Light, Subscribe to our newsletter I never had the budget to start mining, but today i've seen a second hand sale of: 1 Bitmain Antminer X3 220KH/s 465W + PSU 1 Baikal Giant N 20KH/s / 60W I'm a little out of the loop, are these asics still usefull for mining monero? 3 years ago #ASIC However, the prices have now dropped to USD 1900. Bitmain Antminer X3~220 Kh/s @ CryptoNight ASIC Miner Brand: Bitmain. But it is misleading, disgusting, and shameful. After all, this is a mining pool. Bitcoin Cash's 2020 Hard Fork: Everything You Need to Know, Google Cloud Partners With Ontology In Latest Blockchain Collaboration, Ethereum 2.0 Is On the Way: The State of the Project So Far, Initiative Q Is Not a scam, Not a Cryptocurrency. Monero’s lead developer Riccardo “fluffypony” Spagni himself warned potential customers against the compatibility of Antminer X3 for mining the coin. THE BEST WRITERS, THE HOTTEST STORIES, ONCE A WEEK. We are proud and happy to announce that we are launching the all-new Antminer X3, a new Antminer model for mining cryptocurrencies based on the hashing algorithm CryptoNight. It is able to mine Monero Original (XMO) with a maximum hashrate of 220,000H for a power consumption of 465W. To ensure that more buyers around the world can purchase miners in this batch, we have set a limit of one miner per user . Bitmain’s new Antminer x3 ASIC mining device will not be able to mine Monero after an upcoming hardfork, leaving potential buyers with no viable way of recovering costs. We will release both these batches with an equal stock thrice today: at 3PM, 6pm and 9PM (15 March, GMT+8). Page 1 … All new Antminer X3 to mine CryptoNight coins! WebMiners can not explain this, CPU miners the same. 3. Be sure to power on the miner only after all the 10 PCIe connectors are connected to a power supply. Bitmain’s just-released ASIC-powered Antminer X3, designed to mine the CryptoNight hashing algorithm used by Monero (XMR), may not be effective by its first release in May 2018, according to an article by The Next Web published yesterday, March 16.. 12k USD is a chunk of change to spend on mining for most people. 1, ADA joins the big leagues with a 30% weekly gain. or is the algorithm changed and they are worth nothing? Hashrate: 20 KH/s. Bitcoin ETFs Are On the Table Again With New Proposals and Approvals, Pump and Dumps: How to Avoid Cryptocurrency Investment Hype, Understanding the Differences Between Investment and Savings. Monero can become the first of the leading cryptocurrencies that will launch a radical means of combating ASIC-miners through the update of CryptoNight hashing algorithm. The long hailed as the most ASIC resistant algorithm out there got it's ass ASICed. These asics will be doa. If you own an Antminer X3, save this post. 7. We expect the miners to deliver higher performance and efficiency when they are ready to ship. Press J to jump to the feed. Please select the correct address for shipping before you submit your order because, for this batch, the shipping address cannot be changed after the order has been submitted. Largely referred to as monero’s first move in a “war” against ASICs, the upcoming software upgrade will render the Antminer X3 ineffective. These have been mining for months, this is just a cash grab to sell them before they are obsolete. Whattomine actually shows that Monero is on 7th place on the list of profitability for CryptoNight algorithm. Current profitability ranges from $1-3/day and $30-100/month depending on electricity cost, difficulty, and coin trading price. They dont really care about the coin security or the profits for their users. 5. Thus, there is a large gap between CPU mining and ASIC mining, which resulted in ASICs being the only viable way to mine. (A similar chart can be seen for Electroneum also), https://bitinfocharts.com/comparison/monero-hashrate.html. Bitcoin has dropped quite a lot in the last week, buying these at the current price feels like a 18K purchase. ASIC can be used for mining 8 different coins. ... Bitmain ANTMINER X3… Twitter and Mastercard are the latest to express interest in BTC. Monero will continue to monitor ASIC development as it relates to their algorithm and will be implementing changes twice a year to ensure that no manufacturer can secretly develop mining rigs designed to take an unfair advantage within the network. We value your privacy, your email address is safe with us. Description Model Antminer X3 (220Kh) from Bitmain mining CryptoNight algorithm with a maximum hashrate of 220kh/s for a power consumption of 465W. But... why...? Monero’s lead developer Riccardo “fluffypony” Spagni himself warned potential customers against the compatibility of Antminer X3 for mining the coin. Taking Electroneum also into account that is an increase of hashing power of 480.000 Vegas. Don't buy anything, your money will be wasted. This confirms that ASICs have existed for a while. The device is in direct contradiction to the core ethos of the Monero project, and Monero is fighting back, pledging to hardfork their coin to help keep Monero safe from the potential threat to its egalitarian design. I can't imagine anyone seeing a positive ROI there with this $12k investment. According to an email sent by Bitmain, the company is offering a substantial discount to its existing customers for Antminer X3 and has reduced the price of the device from $7,600 to $3,000. To prevent hoarding by certain users or resellers and to ensure that more individual miners in different time zones around the world are able to order this new ASIC miner, we have made some changes: There is a limit of one miner per user for all orders in the current (two) batches. Bitmain. Hashing algorithm: CryptoNight … The announcement has outraged the Monero community, with many accusing Bitmain of dumping the devices off on unsuspecting consumers after using the machines prior to sale to secretly generate profits. Bitcoin Back Above $50k on New US Stimulus Package, BNT, CHZ, ENJ Mar. Monero isn't the only Cryptonight coin. So pleeeeeeeeeeeeeease.... monero dev team... fork this shit and stick it to the man! Crypto Mining. Why The Antminer X3 Matters. Bitmain Antminer X3 Miner Ranges from 220-250KH/s - First Released May 2018 - Power Usage: 550W - Noise Emission: 75db. Sorry for my english. Bitmain’s new Antminer is causing an uproar in the Monero community. Antminer is an application-specific integrated circuit (ASIC) mining hardware series launched in 2013, perfect for mining cryptocurrencies. Bitcoin Nears $50k as Corporate Interest Builds, IOTA, DASH, ETC Feb. 15. The algorithm powers a range of privacy coins, the largest and most valuable of which being Monero. The fork was inspired by the launch of Antminer X3, product of the Chinese company Bitmain Technologies in March. The … Please deliberate well before making a purchase because we will not accept any requests for refund for orders of this batch. Facebook’s Diem: Will the Global Cryptocurrency Go Live in 2021? This confirms that ASIC miners have existed for quite a while. Monero will fork this thing and X3 users will have to find other coin to mine. Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies. Antminer X3 for mining CryptoNight - 220 kH/s hashrate and 470 W power consumption. The next pool that we tested is AntPool and Monero Classic (XMC). Largely referred to as monero’s first move in a “war” against ASICs, the upcoming software upgrade will render the Antminer X3 ineffective. First of all, you will lose your 6 months Warranty provided by Bitmain and Second, in the worst case you may lose your device. The fork was inspired by the launch of Antminer X3, product of the Chinese company Bitmain Technologies in March. I believe the manufacturers have been mining the cryptonight algorithm starting with September 2017. Bitmain’s New CryptoNight Miner Will Be Obsolete Before It Even Ships, Thousands of subscribers are already getting their news, THE BEST WRITERS, THE HOTTEST STORIES, ONCE A WEEK, potential threat to its egalitarian design, ZCash Forked Successfully, Set to Revolutionize Private Transactions, Holochain Part 2: How Ceptr Is Achieving What No Other Blockchain Was Able To. Click below to learn the price or to order after the scheduled time of launch: Hashing algorithm: CryptoNight Power consumption: 550W Hashrate: 220KH/s. BNT, ENJ and CHZ soar in 2021. Isn't it possible for them to make a patch to support the latest algorithm? The market expects a crypto boost from the $1.9tn support bill, but bonds could still derail the asset bubble. The Antminer X3 is capable of delivering 220 KHS at 550W of power usage as per specifications and the device kind of manages to actually deliver on these numbers. Tether’s NYAG Settlement: What Is the Future of the Stablecoin? Cardano Price Surge Grabs Third-Largest Coin Spot, ETH, SOL, FTM Mar. I'm tempted to buy, but 12K is a hell of a gamble. So maybe other cryptos can be mined to gain the same profitability? The recent release of Bitmain’s Antminer X3 on CryptoNight algorithm is the main reason for the Monero to hard fork. We are proud and happy to announce that we are launching the all-new Antminer X3, a new Antminer model for mining cryptocurrencies based on the hashing algorithm CryptoNight. Bitmain's device dubbed the "Antminer x3 ASIC," will sell at two separate prices, $11999 for shipments beginning in May, and $7599 for shipments made in June, two months after Monero plans to hardfork their CryptoNight algorithm, making the device incapable of mining Monero. The Antminer X3 can mine the following coins: Monero (XMR), Electroneum (ETN), Bytecoin (BCN), Sumokoin (SUMO), Dinastycoin (DCY). 4- Its just business for them. Do you want to mine the other cryptonight coins, which are basically worthless? Riccardo Spagni, XMR’s creator, commented on GitHub, that the adjustment of … Also, they wrote "model for mining cryptocurrencies based on the hashing algorithm CryptoNight." Ethereum is the second largest blockchain project by market cap, but it faces plenty of competition from other platforms. Baikal Giant N. Hashing algorithm: CryptoNight. 6. I cannot say that solicitation is fraudulent because I cannot find a lie in it. Read more at … Riccardo Spagni, XMR’s creator, commented on GitHub, that the adjustment of the coin’s strategy aimed to make it more ASIC-resistant. This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all. Press question mark to learn the rest of the keyboard shortcuts. The Antminer X3 is capable of delivering 220 KHS at 550W of power usage as per specifications and the device kind of manages to actually deliver on these numbers. Where Antminer X3 worked great out of the box. Before the spike in September 2017 the hashrate was 160-170 MegaHashes. ETH gas price falls but faces a DeFi battle. The initial batches of X3 is sold for about USD 12000. The new mining device is designed to specifically for CryptoNight hashing algorithm used by Monero. New miner developed by Bitmain for CryptoNight and CryptoNite, the algorithm on which Monero is based, the Bitmain Antminer X3, which promises great power that will not do much good soon. The decision to list the miner as a CryptoNight mining rig is deliberate – it theoretically sidesteps the controversy that a ‘Monero’ … Do not connect more than one PSU to the same hashing board. Separate power supply to control board: there is one additional six-pin PCIe connector on the IO board which must be connected to the PSU to get power. Bitmain’s new Antminer x3 ASIC mining device will not be able to mine Monero after an upcoming hardfork, leaving potential buyers with no viable way of recovering costs. Being a CryptoNight miner, the Antminer X3 was generally dubbed as a “Monero miner” since that is the most popular cryptocurrency which uses the CryptoNight algorithm. Among those coins are Ethereum, Dash, Zcash, Monero, and a few others. I figure you'll be able to make a few bucks mining Monero Classic or some other shitcoin or by selling it to some poor rube on eBay. Some like likely embrace this. Customers who viewed this item also viewed. These increases happened from one day to the other, it was not gradual. 8. The further events will … It seems Bitmain, the world’s leading customer-oriented mining ASIC manufacturer, … Antminer … Trading FX/CFDs on margin carries a high level of risk, and may not be suitable for all investors. That's about 6x increase in just a few months for Monero alone. Ripple's SEC Lawsuit: Will XRP Survive Its Unregistered Security Status? What possible reason is there? The kind of part is … It is able to mine Monero Original (XMO) with a maximum hashrate of 220,000H for a power consumption of 465W. The first batch of the Antminer X3 will ship from 15th to 31st of May. Antminer X3 is a CryptoNight algorithm mining equipment sold by Mining Wholesale. Bitmain recommends the APW3++ to power the X3. Already with a possible hard fork, people do not want to buy something that may be bricked shortly after purchase. 2. The kind of part is because we’ve … BTC above $58k and ETH at $2,000 as the crypto rally moves to altcoins. But when you realize profit is … Bitmain has released a new ASIC miner Antminer X3 for Monero. One Redditor, u/honestlyimeanreally, sums up the community's sentiment: “ [sic]...they exploit the machines in their golden years and as the community responds, they pawn the machines off and raise enough capital for the next round of miners... it's clever, I'll give them that, but it's very centralized and certainly not congruent with the ideals of Monero.”. The shipping cost has been updated by our logistics’ service provider recently. Monero uses Bitcoin as a prime example of how allowing ASIC manufacturers to create optimized mining devices creates an unbalanced network: “The drawback of Bitcoin's (SHA256) proof-of-work system is the easy migration from CPUs to GPUs, to FPGAs, and finally to ASICs, where each step came with huge efficiency improvements. From the beginning the concept of Monero is to maintain egalitarian terms … Bitmain, one of the world's largest producers of ASIC cryptocurrency mining devices, is now offering a new tool specifically designed to mine coins using the CryptoNight hashing algorithm. We advise you to research and prepare in advance for the customs' clearance in your country to avoid delays or unexpected costs. To mitigate the threat to the project, Monero will be hardforking the CryptoNight algorithm in late March, effectively making Bitmain’s Antminer x3 obsolete before it can arrive on buyer’s doorsteps. The Antminer X3 delivers a minmum hashrate of 220KH/s while consuming 550W of total power. CRO and RVN fly high with big gains. In essence, this causes centralization, because only those with access to specialized hardware (ASICs) are still able to mine, and these typically come from one or very few manufacturers.”.
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