DragonMint | Bitmain Antminer S9 Killer | Revolution in Bitcoin Mining Hardware
Hey Steemians,
We are all aware about the Bitcoin mining, its necessity, its raising difficulty, increase in fees as well as hardware complications. Bitmain ASIC Antminer S9 is considered to be best hardware as of now, to be the most efficient mining hardware for bitcoin. But soon we may witness a revolution in Bitcoin Mining as Halong Mining is ready with a new bitcoin mining hardware, DragonMint 16T.
Mining hardware name has been derived from the chat channel on BTC Core Community, Dragon Den. DragonMint 16T is fully equipped with latest designed chipset and it is able to produce unbelievable 16 THs. The company claims that the machine is going to consume 30% less electricity that its direct competitor Bitmain Antminer S9. They claim DragonMint to be the most advanced miner.
For entering ASIC market, the most important factor is huge capital as creating specialized chips is expensive. Company claims that the the hardware as well chips has been created under the guidance of specialized experts. Halong Mining as of now has workforce of 100 people including software & electronic engineers and claims to have invested nearly $30 millions in R&D of the hardware.
A prototype is already being used for practical testing as well as final tuning but that wont be available for public use as of now. They have also posted a video of DragonMint.
Company may produce first mass-batch of DragonMint miners in coming months and may start shipping to customers by First Quarter 2018. It may also sell mining chips individually but in bulk.
BTcDrak, Bitcoin Core Contributor who has actively helped Halong Mining setting up DragonMint believes that Single mining hardware hanufacturer is not good for Bitcoin as it creates monopoly. Centralization is a huge drawback in mining keeps you vulnerable to governments as well as criminals. He has brought the competition to protect the miners as well as people involved via Decentralization.
One advice to those who got plans to step into mining "business" :
There is nothing more important in your preparations than to PROPERLY evaluate and predict the growth of the mining difficulty.
If you fail to do this right - your planed (expected) profits will turn into nothing but disappointment and losses.
You can trust me, as the past owner of the first and second generation of ASIC's. (not to mention cpu, VGA and FPGA mining)
Thanks for your valuable feedback and opinion @onealfa
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
From your experience, generally, what is the ROI you've received and how long have they been profitable for on those previous gens of ASICs you've used? (Variables such as BTC price / elec cost obvi. have a great effect)
I do not remember all so well...been 3 or 4 years since then. But ROI was not that fantastic, in general they mined to me about ~1,5-1,7 times more BTC than I have paid for them (measured all in BTC, until it became full non-profitable, below the electricity cost). Shipping was dealyed much, and 1 month late in starting was making a huge huge reduction to ROI ( due to a very fast difficulty increase) Hence - my warnings.
Hello @noates
Experience and feedback shared by @onealfa are quite appropriate and appreciated!
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
WE HOPE THAT IT COMES OUT SOON TO THE MARKET THAT HAS THE REACH THAT MENTION, I HAVE BEEN INQUIRING ON THIS MACHINE AND IT SEEMS TO PROMISE GOOD EXPECTATIONS. @onealfa
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
I'll take two please, where do I sign up!
Hello @yonny
Please refer to https://halongmining.com/
Thanks!
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
Very informative.....
Thank you @honeychum for your valuable upvote!
yes
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
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@pkalra thank you for sharing this with us, I personally think with Dragonmint miner coming out, Antminer should come on cheap prices and there's not much difference at the moment. especially, Antminer being 13 TH/s miner beast... :)
Yeah @bunnychum, one way or another, consumer should be benefited!
true indeed... :D
@bunnychum hopefully it will!
I think the key advantage that will atract more miners is not the increase on the hashing speed, but the fact it will use 30% less electricity.
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
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Until I see a room full of them and proof of product or production I'm always leery about new mining equipment offerings. Looking back onto when ASIC Bitcoin miners first erupted onto the scene a number of years back I remember a number of startups claiming to have cheap, powerful and production ready miners but in the end just running off with customers cash.
Hopefully these guys actually deliver these running at the advertised speeds and efficiency!
Always do your own research of course.
Thank you for sharing your experience @klye
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
Jeez, mining as a process is outdated and obsolete in 2017, but they still are making tons of these shitty ASICs... Is this OK, when a couple of nuclear power stations are generating power just to power bitcoin miners (equivalent of power generated)?
Until mining is profitable, all this is definitely going to stay @equites
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
Some nice piece of information!
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
Hey @pkalra
This is very informative post
Thank you @trendingupdates
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086