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Posts Tagged ‘PinIdea X11 ASIC

PinIdea has updated their product range with a new 17GHS X11 ASIC miner named DR-100 in order to be able to cope up with the increased competition from Bitmain and Innosilicon with their recently announced new X11 miners offering significant X11 hashrate boost. PinIdea seems to be planning to start shipping their new X11 ASIC miner in September with first-come first-served principle. Currently the miner is already out of stock due to the big demand apparently (or limited number of units), even with the price of a single unit close to almost 3 BTC.

PinIdea DR-100 X11 ASIC specifications:
– HashRate: 17000 MHS (+-5%)
– Power: 820W (wall power +-5%)
– Dimensions: 28cm x 18cm(h) x 15cm(w)
– Weight: 5KG
– Interface: Lan (100m/1000m)
– Fan: 2x 14038 Double ball fan (55DB)
– Operating Temperature: 0C~40C
– Mining Software: Custom CGminer

For more information about the PinIdea 17GHS X11 ASIC Miner DR-100…

ibelink-asic-profitability

If you are in the market for X11 ASICs then you might want to reconsider as the profitability at the moment is nothing like when the first batch of iBeLink X11 miners started shipping. Now iBeLink is shipping to customers their second batch with a limit of up to 3 miners per customer and PinIdea, another company also started shipping their faster and more power efficient miners (1 per customer), though they had some shipping issues, so there could be delays. Later this month, apart from the large 384 MHS ASIC from iBeLink and the 500 MHS from PinIdea, we are waiting the release of smaller single chip USB X11 ASIC miners from PinIdea in the range of about 8 MHS per device to help the decentralization.

On the image above is a quick check of the current profit for miners using X11 ASICs from iBeLink, selling your hashrate is still the most profitable, but not by much compared to directly mining for DASH. You are going to be getting about 0.05 BTC or about $25 USD or about 3.5 DASH per day with that X11 ASIC at today’s rates, but you can expect that the profit will go down with more mining hardware becoming available.

pinidea-asic-profitability

This is the situation with the faster and more power efficient X11 ASIC miner from PinIdea, faster and more energy efficient, but also more expensive to purchase. You can expect to get about 0.65 BTC or about $32 USD or about 4.6 DASH per day with that X11 ASIC miner at today’s rates and the numbers will also go down with more miners getting released.

The problem with the release of a lot of X11 ASIC mining hardware is that the X11 market is still relatively small with only Dash having a very strong and big network at the moment and not that many “big” X11 other altcoins, not that many in overall as well. As a result in the short term we might see a decline in the profitability for X11 especially with more big ASIC miners coming online and even though GPU miners would start moving away from X11 you should still carefully consider to invest or not in X11 ASIC hardware at the moment. On the long term however we expect to see the transition of X11 from GPUs to ASIC miners and though it may be a bumpy road, hopefully things will not get out of hand and a lot of X11 hashrate getting centralized in the hands of few essentially leading to the loss of user interest in everything X11 and coins forking to other algorithms.


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