You're not alone. We put in a pre-order for the AL1 when the returns were up in the $600/day range. Today they're down around $60/day. Going forward we're not inclined to jump on the pre-order bandwagon after having been burned twice. As it is, 2 out of 2 expensive pre-orders are not likely to ROI. I suspect that the projected high return rates only benefit the large mining operations with capital to work directly with the manufacturers.
Best thing to do is offset the total cost by picking up an AL3s. So your total cost for all both would be 30k+12k total of 42k or 22k per machine. This will also double your hashrate and increase your Alph income. Or pick up 2 AL3 and make your per machine cost 18k and triple your mining power.
I feel you on this one. Trying to do content on ASIC miners is turning out to be costly. I don't know how you really feel on the inside but you may have to decide what is more important to you your money or sanity? You are in real deep in mining as far as money goes but you are basically making money for the manufacturer of the miners.
I stopped buying new devices after the s21 it's clear these will all have a better version next year that make buying these right away pointless. People need to stop ordering these inflated machines even for videos if they want the price gouging to stop. They literally took the 30k from like 10 people laughed and figured they need to sell it for 80% off since they are probably making these for less than 1-2k.
but when they make a new one theyll just release another again so do you just never buy them because they will be releasing another model? the amount made in 1 year could potentially buy another new one and still have profit left
This is why I am terrified to buy any ASIC above 1k cost! It's obsolete before we ever come close to ROI. My new strategy is buying ASIC and running it for 1-3 months then reselling on ebay. US buyers are willing to pay more for an ASIC just for shipping inside the US.
Not a fail safe strategy. Look at just the Al boxes. The newer quicker and more efficient miners are getting released so fast any more that original miner isn't holding value. Not to mention, many times it is already half or more off original cost before you even get the miner in hand.
@jeffderitis1378 That's the main reason why I am afraid to get those high wattage expensive miners. I just use the low power goldshell boxes and iceriver miners. Those low power miners seem too stay profitable (to resell) longer because they aren't bought up by mining companies right away, making my eBay strategy safer. But it really only works for home miners meant for regular people.
The problem we all have now is the companies making ASIC's are now able to manufacture and sell ASICs at such a fast rate compared to what it was like before Kaspa, every coins profitability will only last a short amount of time now unless you're still mining something like Pyrin
You know it only costs $1k-$2k to produce. Everything on top of that is profit. It use to be that first to market made the most returns, but they are just being silly with the initial pricing lately. Wasn't that way with BTC/LTC miners 2 or more years back. You got a more reasonable entry price point. The manufacturers have learned that people are willing to dump $30k-$50k on a rig, so that is what they are doing. It doesn't make sense to buy these first release miners any more.
You're not alone Vosk ! We put a lot of $ on ALPH and KAS for starters network, and they are the returns are ridiculus....the mining producers are jocking with us :)
You do it so we don't have to but you did get me to buy the Avalon Nano3 and I'm happy with my small potato. On the bright side that's a nice tax write-off at the end of the year.
I hope you don't mind me asking but have you managed to ROI on the farm yet? Including all electricity and solar investments, miner purchases, land, maintenance and service costs, etc
I'm relatively new to mining, but not young or stupid. I have always been interested in crypto but recently made the plunge as a way to supplement my retirement income. These miner producers are playing all of us like a banjo. They've adopted the airline pricing model X 2 whereas the cost of the product has little to do with the cost of producing it. In addition, they are selling out of an empty wagon as my great grandfather (a country peddler of dry goods back in the late 1800's) would have said. Two things need to happen. Stop buying from this model and someone in the US needs to start production to have some competition. As long as they can sell everything that they "don't have yet", they'll keep doing it. We have essentially become their bank, providing them capital for production before the product even exists. I'm not going to be their bank anymore. Hopefully this will turn around at some point when others do the same.
They already have competition. That is the exact reason the prices are dropping so rapidly. The reason they are selling miners for so much is because people are willing to pay that much. When people stop buying $30,000 miners they will sell them for less.
Hi Everyone, Love this channel and all the knowledge you share. New to all this and still learning. As of today 12/11/2024 is the IceRiver AL3 a good buy at $5,199? At the current price it looks like the ROI is less that a year. Thoughts for a newbie?
so are you saying that you bought an item super expensive only to have another compnay put out super similar item 1/3 of the cost? if thats the case why not buy more from that new company to make up for the losses
Honestly, I had the same thought, as it would act like a form DCA in a way. Otherwise, the gains needed to achieve ROI would be quite substantial. Anyway, I understand where you're coming from, and I really hope everything works out as planned.
bummeer but you gonna be OK cause you early and buy and hold. I got some shitty miner deal. I am not buying any more miners, last one was the BM CKB and L7
I said verry risky but you already know that. On your kaspa miners the bitmain big boy how is your roi? Hope You recuperate a big chunck because now is 3k January batch for bitmain. I afraid of 166th miner from bitmain like kadena miner for that big price dropped!
@@VoskCoin projects and their whitepapers should state staged network hashrate caps prior to release of these machines batches. The miners could then atleast project ROI to a certain extent.
Ooph, this sucks. I usually make these types of purchases after too much grandpa's cough medicine :-) Not to that level, but you know...that $2K 3090 (in 2021) definitely going to roi....NOT. Hang on, bro, it is going to be allright, you got this.
Just amazing to me that someone who has been doing this is really buying shitcoin miners that are clearly over priced and going to get price dropped hard. Than again it was probably given to him for free. Really? He didn't see this coming?
Maybe GPU mining is not dead Vosk … if you spent 30k on let’s say 100- 3070s and do a test …. Bet you would make out better with 100 / 3070s over that China shit box . Mine more shit coins 👍
I purchased 3 Miners directly from IceRiver at the end of August with a ship date of Sept 10. I've emailed them repeatedly for tracking information and they never respond. I know for certain that the units were in stock and should have shipped! Is this typical of IceRiver to have such poor customer support???
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
You're not alone. We put in a pre-order for the AL1 when the returns were up in the $600/day range. Today they're down around $60/day.
Going forward we're not inclined to jump on the pre-order bandwagon after having been burned twice. As it is, 2 out of 2 expensive pre-orders are not likely to ROI.
I suspect that the projected high return rates only benefit the large mining operations with capital to work directly with the manufacturers.
Why do you keep letting these companies burn you bro?
hi. tell me, is it worth doing this? I want to start with s21 pro
Best thing to do is offset the total cost by picking up an AL3s. So your total cost for all both would be 30k+12k total of 42k or 22k per machine. This will also double your hashrate and increase your Alph income. Or pick up 2 AL3 and make your per machine cost 18k and triple your mining power.
Always think highly of ur opinions Vosk. We would be lost without this channel. Keep hopes high
Mining is so different now, it makes me sad
Ouch. After S21, I pumped the brakes. Very risky business. Stay profitable 📈✌️
I feel you on this one. Trying to do content on ASIC miners is turning out to be costly. I don't know how you really feel on the inside but you may have to decide what is more important to you your money or sanity? You are in real deep in mining as far as money goes but you are basically making money for the manufacturer of the miners.
I stopped buying new devices after the s21 it's clear these will all have a better version next year that make buying these right away pointless. People need to stop ordering these inflated machines even for videos if they want the price gouging to stop. They literally took the 30k from like 10 people laughed and figured they need to sell it for 80% off since they are probably making these for less than 1-2k.
but when they make a new one theyll just release another again so do you just never buy them because they will be releasing another model? the amount made in 1 year could potentially buy another new one and still have profit left
I feel you pain after buying AL boxes for 5k
I suffered the same way. I bought the AL0 and the profit goes down too fast after I turned it on.
Should've put the money in solar dude! ;-)
This is why I am terrified to buy any ASIC above 1k cost! It's obsolete before we ever come close to ROI. My new strategy is buying ASIC and running it for 1-3 months then reselling on ebay. US buyers are willing to pay more for an ASIC just for shipping inside the US.
Not a fail safe strategy. Look at just the Al boxes. The newer quicker and more efficient miners are getting released so fast any more that original miner isn't holding value. Not to mention, many times it is already half or more off original cost before you even get the miner in hand.
@jeffderitis1378 That's the main reason why I am afraid to get those high wattage expensive miners. I just use the low power goldshell boxes and iceriver miners. Those low power miners seem too stay profitable (to resell) longer because they aren't bought up by mining companies right away, making my eBay strategy safer. But it really only works for home miners meant for regular people.
The problem we all have now is the companies making ASIC's are now able to manufacture and sell ASICs at such a fast rate compared to what it was like before Kaspa, every coins profitability will only last a short amount of time now unless you're still mining something like Pyrin
You know it only costs $1k-$2k to produce. Everything on top of that is profit. It use to be that first to market made the most returns, but they are just being silly with the initial pricing lately. Wasn't that way with BTC/LTC miners 2 or more years back. You got a more reasonable entry price point. The manufacturers have learned that people are willing to dump $30k-$50k on a rig, so that is what they are doing. It doesn't make sense to buy these first release miners any more.
I was about to buy AL1. Thanks for your video. I am saved
It seems to me that it's safer to wait 3 or 4 months after a miner has been released. Prices are much lower at that point than when first released.
You're not alone Vosk ! We put a lot of $ on ALPH and KAS for starters network, and they are the returns are ridiculus....the mining producers are jocking with us :)
It’s been on what to mine for awhile, but we love you vosk this would hurt anyone.
How do you get your electricity? Solar panels ? Do you have a video covering this topic ?
VOSK delivers, I watch !
You are not the only one who feels like you after checking the result
You do it so we don't have to but you did get me to buy the Avalon Nano3 and I'm happy with my small potato. On the bright side that's a nice tax write-off at the end of the year.
I hope you don't mind me asking but have you managed to ROI on the farm yet? Including all electricity and solar investments, miner purchases, land, maintenance and service costs, etc
I'm relatively new to mining, but not young or stupid. I have always been interested in crypto but recently made the plunge as a way to supplement my retirement income. These miner producers are playing all of us like a banjo. They've adopted the airline pricing model X 2 whereas the cost of the product has little to do with the cost of producing it. In addition, they are selling out of an empty wagon as my great grandfather (a country peddler of dry goods back in the late 1800's) would have said. Two things need to happen. Stop buying from this model and someone in the US needs to start production to have some competition. As long as they can sell everything that they "don't have yet", they'll keep doing it. We have essentially become their bank, providing them capital for production before the product even exists. I'm not going to be their bank anymore. Hopefully this will turn around at some point when others do the same.
They already have competition. That is the exact reason the prices are dropping so rapidly. The reason they are selling miners for so much is because people are willing to pay that much. When people stop buying $30,000 miners they will sell them for less.
Now (early after halving) is probably the best time to buy latest gen Bitcoin miners. You will have the entire epoch to mine.
Just buy the coin team is starting to look good with these machines prices
A40 is a boat anchor now.
This cycle has too unstable miner prices. Newer networks wont be able to handle all the oncoming hashrate either.
Is it possible to Connect iceriver al3 to router WiFi from my smartphone?
needs an ethernet connection and 240v
There is no point in buying miners at this point, and that's sad.
Hi Everyone, Love this channel and all the knowledge you share. New to all this and still learning. As of today 12/11/2024 is the IceRiver AL3 a good buy at $5,199? At the current price it looks like the ROI is less that a year. Thoughts for a newbie?
Is the al1 a good buy today for $4000
at least you get you make content on it to help your ROI, unlike everyone else
Everyone else is welcome to work on a crypto mining channel all day every day for the next 8 years too :)
so are you saying that you bought an item super expensive only to have another compnay put out super similar item 1/3 of the cost? if thats the case why not buy more from that new company to make up for the losses
Run it and hold the Alph and see where we're at in 3-5 years.
Wish Ice River and Bitmain call a truce to let us catch up😂😂😂
Only one thing to do: buy 3 AL3s and bring your per miner cost down to 16500.
It’s crossed my mind lol, but that’s a slippery slope…
Honestly, I had the same thought, as it would act like a form DCA in a way. Otherwise, the gains needed to achieve ROI would be quite substantial. Anyway, I understand where you're coming from, and I really hope everything works out as planned.
A year ago I was able to mine 50 ALPH per day with all my GPU'S on 😂
Bummer, I used your code for a k5 21TH. Bit of support, I'm down also. Let's hope what we do have will pump
Vosk. Come to the orange-side and build with us plebs. Huge redemption ark inbound!
bummeer but you gonna be OK cause you early and buy and hold. I got some shitty miner deal. I am not buying any more miners, last one was the BM CKB and L7
Bro is frustrated
I said verry risky but you already know that.
On your kaspa miners the bitmain big boy how is your roi?
Hope You recuperate a big chunck because now is 3k January batch for bitmain.
I afraid of 166th miner from bitmain like kadena miner for that big price dropped!
Bro why do you act surprised? this is the norm now with new machines, you’re lucky to ROI
Didn’t used to be the norm
@@VoskCoin I agree this was before machines cost $30K+ :(
@@VoskCoin projects and their whitepapers should state staged network hashrate caps prior to release of these machines batches. The miners could then atleast project ROI to a certain extent.
1/3, what sweatshop do they have making their stuff. Or just not greedy?
Outside of R&D their cost is less than $1,000
@@VoskCoin that's is quite a mark up. Wow
i get burned by ks0 og, no more buying asic...
Im very convinced they're using AI to spit these out so fast
My vids?
@@VoskCoin no the mining rigs
Ooph, this sucks. I usually make these types of purchases after too much grandpa's cough medicine :-) Not to that level, but you know...that $2K 3090 (in 2021) definitely going to roi....NOT. Hang on, bro, it is going to be allright, you got this.
For your sacrifice, I honor you with.... 1 like... and comment :)
Make more money selling the shovels than mining the gold. I learned my lesson after buying Bitmain’s D3 years ago
Damn dude
you got rekt man
Got REKT
dont dig da past lol
Mining is dead
Just amazing to me that someone who has been doing this is really buying shitcoin miners that are clearly over priced and going to get price dropped hard. Than again it was probably given to him for free. Really? He didn't see this coming?
Nothing ventured nothing gained little dude
@@VoskCoin sounds like lots of un necessary losses. Kind of like leaving money on exchanges
Maybe GPU mining is not dead Vosk … if you spent 30k on let’s say 100- 3070s and do a test …. Bet you would make out better with 100 / 3070s over that China shit box . Mine more shit coins 👍
Pfffff
You make poor business decisions.
History proves you wrong bud
I purchased 3 Miners directly from IceRiver at the end of August with a ship date of Sept 10.
I've emailed them repeatedly for tracking information and they never respond. I know for certain that the units were in stock and should have shipped!
Is this typical of IceRiver to have such poor customer support???
With your name and reputation can't you just sell it for about $5000 USD less to a willing buyer when you receive it?