Posts Tagged ‘PinIdea’

The Current State of X11 ASIC Miners and the X11 Market

8, May 2016

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.

Another X11 ASIC Miner with 500 MHS at 280 Watt May Be Coming Soon

25, Feb 2016

shooter-x11-asic-miner

After the recent news about the first X11 mining ASIC iBeLink DM384M ASIC DASH miner it seems that others people working on X11 ASIC hardware are going public with information about their work. The announcement was made in the DashTalk forum and does not contain a lot of information, including more detailed photos and videos, so you should be careful and not treat that information as 100% true and accurate. According to the specs mentioned the miner using a custom developed X11 ASIC chip called Shooter will be capable of achieving 500 MHS hashrate for X11 mining for Dash or other crypto currencies using the same algorithm with just about 280 Watts of power usage.

The price of a single miner is set at 500 Dash or equivalent amount in BTC per device with shipping cost not included (roughly $2000 USD at the current price without shipping). Each buyer can only purchase one device at most. 50 devices should be available next month according to the official information. Estimated to be shipped by Mid-March via UPS, SF-Express from Mainland China. Below is a quote of the officially published specifictions.

Miner Specifications:
– Hash Rate: 500 MH/s ±10%
– Power Consumption: 280 W ±10%
– Number of Shooter chips per unit: 60
– Operating Temperature: 0 °C to 40 °C
– Power Supply: ATX 12V required
– Dimensions: 290mm(L)*130mm(W)*150mm(H)
– Weight: 4.5kg

Shooter X11 ASIC chip:
– Single Unit Performance
– Package Type: QFN64 8mm*8mm
– Interface: SPI
– Hash Rate: 8.5Mhash/s @400Mhz
– Power Consumption: 4.3W @400Mhz

We have already pre-ordered iBeLink DM384M and are waiting for a unit to be shipped, so we can confirm its existence for sure and do a detailed review of the device. Meanwhile we would advice people that are interested in purchasing the miner not to be in a hurry, especially with the additional news of another (unconfirmed) X11 ASIC promising better specifications that may also be coming soon.

– Visit the official website of the developers for more details about their X11 ASIC miner…


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