Is the Antminer D3 No Longer Profitable?
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In Augustthere was lots of hype around the Antminer D3, a new ASIC miner for mining Dash, because at the time it was incredibly profitable compared to other available mining hardware. Approachingas these new miners have been set up the my first bitmain antminer d3 asic dash miner of Dash has been going up rapidly.
This guide explains what's been happening and why. This Reddit post was the basis of this guide. Back in September we posted a guide on how many Antminer D3s might be released, see that guide here.
Between September and October you can see a massive increase here in the total hashpower available in Dash, leading my first bitmain antminer d3 asic dash miner an equally large difficulty increase to keep block times stable. This has raised discussions about companies like Bitmain having too much control over cryptocurrency mining.
This is similar to industries like manufacturing, where profit margins become lower as more people compete for the same item - in this case Dash mining.
As more ASIC devices become available, the profit margins will get smaller and unless there's a big increase in the value of Dash soon, these devices will no longer be profitable for many people.
This is why many people have become interested in coins like Vertcoinwhich aim to deter ASIC mining. From the point of view of a Dash my first bitmain antminer d3 asic dash miner, this is in part a good thing. As a powerful Dash ASIC is now owned by many people, the chances of an individual having control of a large percentage of the total mining power is much lower, although the companies creating ASICs like Bitmain could still do this potentially. For miners this isn't a great situation in general, made worse by the increase in the value of Bitcoin recently as many people bought these miners with Bitcoin.
If you own one of these D3s or have one scheduled to be shipped, there are a few things to consider:. One thing to be aware of is that even with the recent difficulty increases in Dash, it's very possible that a competitor or even Bitmain could release another ASIC that's far better than the D3.
For this reason we'd avoid buying one in any upcoming batches. This site cannot substitute for professional investment or financial advice, or independent factual verification.
This guide is provided for general informational purposes only. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money. This website is monetised through affiliate links.
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All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice. Nov 4th, Updated Jan 26th, Mining In Augustthere was lots of hype around the Antminer D3, a new ASIC miner for mining Dash, because at the time it was incredibly profitable compared to other available mining hardware. Why the difficulty has gone up Back in September we posted a guide on how many Antminer D3s might be my first bitmain antminer d3 asic dash miner, see that guide here.
The July and August batches had been shipped very fast and were up and running by September, causing this massive increase in hashpower. Bitmain the creator of Antminers has been mining these devices before shipping them to paying customers, as when they sell these they're normally pre-orders. This is difficult to prove, but given the timing of this extra hashrate on the network just before batches were supposed to be shipped, this is a possibility.
Risks of Mining This has raised discussions about my first bitmain antminer d3 asic dash miner like Bitmain having too much control over cryptocurrency mining. Potential hope From the point of view of a Dash enthusiast, this is in part a good thing. If you own one of these D3s or have one scheduled to be shipped, there are a few things to consider: In the Dash roadmaplots of features like Dashpay Evolution are planned that may drive interest and drive up the coin's value.
If Bitmain have indeed been mining these devices before shipping, when they do eventually ship them there should be temporary drops in difficulty where there's an opportunity to earn some money over the past weeks there are lots of drops like this. The Antminer D3 can be used to mine several other coins. Typically these will stay on par with Dash difficulty, as many D3 owners are already aware of this; but if you keep an eye on these coins there are often opportunities to make better profits for short periods on other coins.
May 5th, What is the Antminer Z9 Mini? Written by the Anything Crypto team We first discovered Bitcoin in late my first bitmain antminer d3 asic dash miner, and wanted to get everyone around us involved. Never invest money you can't afford to lose.