• Antminer KS3: Talking Price

Bitmain’s announcement regarding the Antminer KS3 has been the talk of the town . Bitmain has shipped few of the batches of the miner already, and the network difficulty keeps increasing. Price dynamics aren’t new in the ASIC world, but it surely raises eyebrows, considering how profitability metrics shift daily. As there is 3 competitors in Kaspa Asic manufacturers, possibility is we could see the profitability drop like rock from the hill down.

• Network Hash Rate & Profitability

KASPA’s hash rate has been on a skyward journey , recently touching the 46 P hash mark. A rising hash rate translates to more computing muscle required to mine, and thus, reduced profits. As newer ASIC miners join the party , miners should brace for dwindling returns, unless KASPA’s price offers a silver lining.

• The Future of KASPA & Mining Gains

“Where is KASPA mining headed?” is the million-dollar question . Interestingly, even as Bitcoin nosedived to around 26,000, KASPA stood its ground . This resilience hints at a potentially bright future, but as always, crypto paths are laden with unpredictability .

With the imminent release of more KS3 miners, brace for the KASPA network hash rate to skyrocket . And yes, this could mean tougher mining scenarios and potential dents in daily profitability.

• KASPA’s Stellar Crypto Position

KASPA’s uniqueness lies in its quest to solve the blockchain trilemma – balancing security , decentralization , and scalability . If it nails this challenge, KASPA could be the next big thing in the crypto universe .

• Parting Thoughts

Crypto mining is for the brave-hearted . It’s an ever-evolving game, with today’s profits becoming tomorrow’s memories. But if you’re betting on KASPA and ready to ride the waves , the rewards might just be epic.

To all future KASPA miners, remember: always be informed , stay updated , and be prepared for the dynamic world of cryptocurrency!

Please see all Iceriver Kaspa asic miners below.

Check KASPA coin current mining profitability inserting hashrate .

Antminer KS3 profitability – https://hashrate.no/asics/ks3

Mining as an Integral Part of the Blockchain System

Bitcoin mining is the process of individuals or groups of people verifying transactions using graphics processing units or application-specific integration units. Those engaged in mining also prevent double-spending, which is when someone duplicates a Bitcoin. When someone verifies a transaction, they successfully “mine” Bitcoin. However, there are conditions that the miner has to meet to receive a financial reward.

To be successful, the miner must verify one megabyte of transactions. One megabyte is equal to one block of the blockchain. The blockchain is where transactions are recorded and verified. Secondly, he must be the first person to complete a complex math problem called a “hashing puzzle” using his computation hardware. When the hash puzzle is solved, one block on the blockchain is created. Miners with higher hash rates, the speed at which the math problem is solved, are more likely to solve hashing puzzles successfully.

Mining is also how new Bitcoin gets into circulation. It is similar to someone minting a coin or printing a currency note. At some point, though, Bitcoin will no longer be mined. As of Autumn 2019, there were 18.5 million in circulation. The cap was set at around 21 million by the creator or creators of this cryptocurrency.

Everything Needed for Mining Bitcoin: Hardware, Time, Space, and Money

A lot of computing power is needed to verify all transactions involving Bitcoin, which causes a problem for miners who think they will get Bitcoin quickly and effortlessly. All of this computing power comes from thousands of miners working on verifying transactions. Since there are so many people working on building blocks on the blockchain, it is harder to mine Bitcoin. The competitive nature of Bitcoin mining means miners have to devote a lot of time and money to their efforts.

In the past, it was possible to mine Bitcoin using a personal computer. That is no longer the case now that people are using more powerful computing equipment to mine Bitcoin. Currently, miners use graphics processing units and application-specific integrated circuits. This hardware can cost hundreds or tens of thousands of dollars. Also, it could take a long time for someone with a small operation to mine one coin considering he will be competing against miners who own thousands of computing units stored in multiple warehouses. Operations large and small consume a vast amount of electricity, so it is vital to mine in an area with cheap electricity rates.

Plenty of space is needed to house all of the processing units. As is the case in the link mentioned above, the miner being interviewed required two warehouses to store all of his equipment. However, someone who wants to start a small operation for fun can dedicate a room for storing the equipment.

Start-up capital will be required to start a large and profitable operation. Few people have the money needed to start a business independently, so they need to attract investors. To do this, create a comprehensive and easy to understand business plan covering information about the operation’s location, potential costs, zoning ordinances, etc.

Is Bitcoin Mining Worth It?

For most people, Bitcoin mining is not worth the trouble. The start-up costs are enormous, and it may be challenging to find people willing to invest in such a scheme. Bitcoin has a negative stigma among many investors (Warren Buffet in particular) because they consider it highly speculative. Another problem miners will encounter is a collapse in the value of Bitcoin. It is not a stable currency, as reflected by the history of its value. Small miners who spend a lot of money on a dozen computing devices will find it difficult to break even if Bitcoin dips into the bear market territory. However, a huge mining operation will likely be able to weather the storm simply because of the sheer volume of coins it can mine.

But do not be discouraged. Someone who has the time, money, and expertise to do this should try it. Many people do it as a hobby, and they enjoy themselves doing it. However, anyone considering doing this for a living should perform a serious cost-benefit analysis before starting an operation.

Mining is basically competition whoever can do most efficient. And you want to rigs run as efficient as you can.

So the steps are following to increase another 1-2 mh/s on top of your 1500mhz strap bios mod.

1.By default 1500mhz and down bellow DramTiming12 is set to 2850 and on some cards 2945.

2. You need to edit this to at least 6000 in (1550mhz,1750mhz,1800mhz,1875mhz,2000mhz). Some gpus timing starts from 1500mhz it really doesnt matter which bios you have. I tried both of these and seems like it is working just fine.

3. I have tested this on Asus Strix RX5700XT and also Gigabyte RX5700XT

What i have noticed your cvlt and mvdd also has to be low as possible , my cvdd was set to 760.

Im sure there is more to it and we can increase more performance by adjusting these timing. This process is very time consuming, and im sure people will find how to adjust more of this to increase mining speed.

Checkout full guide in video:

So how does the DAG file affect mining?

Graphic cards usually comes with memory size 2gb,3gb,4gb,6gb  and so on. This means if the DAG file is bigger then the memory module size on graphic cards , you simply wont be available to mine with your graphic card. If your GPU memory is bigger then DAG file ,you will be available to fit this DAG file on your card and mine with it. There is a lot of cards dropped already from mining ethereum.

But biggest drop probably will be when DAG file reaches 4bg size, because most of the mining farms where using 4gb RX 570/580/470/480  for mining Ethereum.  Because they have been the best price per hash and best watt per hash. If we check hiveos software statistics we can verify this https://hiveos.farm/statistics/ :

• 23% RX 570 4gb
• 14% RX 470 4gb
• 12% RX 580 4gb
• 2% RX 480 4gb

Roughly 50% from all AMD cards using hiveos is 4gb cards, and AMD has been the best performing Graphic cards for Ethereum mining.

So there is few things what you can try to expand you mining life with 4gb cards. They already are starting to make issue. Using software like Ethos and claymore miner, incorrect drivers etc…

So the things to do :

1. Ensure you’re running HiveOS on the latest stable version and updates.
2. Switch your miner to the latest version of TeamRedMiner, Ethminer or Phoenixminer.
3. If your CPU has built-in graphics (iGPU), you can try enabling Internal Graphics on your motherboard’s BIOS and ensure it’s set to Default (Only applies if you have a monitor connected).
4. If you’re still running into issues after trying the above, try removing the “REF” parameter in the overclocking panel.

Using phoenix miner you will get the cards working till at-least epoch 372-373 which is end of October.  You can achieve this also on windows but you might run into issues if you run incorrect drivers, best drivers to use is 18.12.1.1 to 19.7.5

Ethereum classic DAG file will reach Epoc 372 slightly faster around mid September , So i think Ethereum classic is in trouble of getting 51% attack around that time.

You can also check out Cryptomojo Au for more on cryptocurrency and its trends.

Video :

Just wanted to test out little brother RX 5600XT. After tests seems like a decent mining farm.

Efficiency rating is slightly better for power usage for hash then RX 5700 . But the RX 5700 is bout 0.7 usd cheaper for 1 mh/s. If the electric rate you pay is high then in long-term the days of ROI could be about the same.

Current time of ROI for 12xgpu mining rig is roughly 300 days at current ETH price and mining difficulty.

Performance :

• 42mh/s
• @100w from the wall
• OC (910 mem , Core 1100, PL 100)

I have created also google spreadsheet to compare few of the cards efficiency . – https://bit.ly/3jLAzjK

Full video review  – https://www.youtube.com/watch?v=MDuz3L3IX9o

First off all you need to understand how Blockchains work , so for example Ethereum you have the block rewards which is currently 2 ETH paid out to mining pool who finds the block averaging 15sec a block (13500 ETH/24h)

Then there is transaction fees, to process transaction on Ethereum you have to pay GAS fee which is calculated in Ether . All these transaction fees are paid out to mining pool who has found the block and recorded all these transactions on this block. These transaction fees currently is over 5000ETH/24h .

The fees are at the highest they have been, since May up-till now they are higher then total bitcoin fees.

So this is where the hidden ETH mining profits are coming from. To test this out i have tested 11xRX5700 gpu Ethereum mining rig for 24h mining on hiveos ethereum mining pool.

Conclusion is that check multiple mining calculators to get the most accurate result . Like cryptocompare mining calculator does not have latest data from transaction fees,  whattomine showing accurate results for me.  Or the best solution test yourself, pools sometimes also could affect your payot amount, depending on size of the pool and payment structure.

Which mining pool do you get the best results?

This makes RX5700 my top pick for mining GPUs in 2020.

For the last day i have been working on some stats and ROI for 2 types of investment for 12xGPU RX5700 MineBox 12 mining rig and Innosilicon A10 ETH ASIC miner. My goal was to let the data speak about it self and then make a decision what is better investment for ethereum mining GPU or ASIC. Im compering 2 most efficient miners :

1. ASIC miner Innosilicon A10 , costs 3000usd(specs. 500mh/s at 860w)
2. GPU miner MineBox12 , cost 4487euro ( specs 700mh/s at 1800w)

Miner price is about the average would it cost to you 12xGPU mining rig might cost you 100-300 cheaper if you would build one yourself. Innosilicon A10 would cost you lot more if you would like to import it out of China. Price would be closer to 3500euro + you would need to buy power-supply for it.

I have created google spreadsheet and inserted the GPU data and performance by the current currencies price and mining profitability. Included also my thoughts about advantages and disadvantages using GPU or Asic miner:

Opinion based on mining profit data. We can see that MineBox 12 ROI if electric price is free or very cheap is faster then ASIC miner A10. And even at 0.10c a kw/h at current Ethereum price there is only 80day difference on Equipment payback time. But the biggest thing is for example when your miners are paid back your investment. You still are available to resell your MineBox 12 hardware for other use case or just mine different coins. Where with Innosilicon A10 you can throw it into bin as soon as ETHASH coins are not profitable to mine. This is the biggest downside of Asic miners. So to answer your question is ETH asic mining coin. My answer would be Yes ASIC miners are slightly more profitable , BUT they are not worth the risk you are getting by buying one. Also you can see clearly that GPU miners has lot more advantages then Asic miners. The difference on ETH miners are not so noticeable then like it was Bitcoin GPU vs ASIC mining. There is still profit to be made with GPUs mining ETH. If ETH switches to new POW ProgPOW , again another benefit for GPU rigs as the same GPUs are quite efficient mining ProgPow. Buying and Asic miner there is to much risk, saying from experience. Have lost a lot of money, my last adventure bought 5xAntminer S17 back in November and 4 of them hashing boards stopped working after 1st week. Not counting the previous purchases Antminer D3 etc..

Let me guys know what you think about this, would your rather use ASIC miner for mining ETH of GPU miner?

1660 Ti is amazing performer in mining , its great by price per hash and watt per hash. The low power usage keeps the graphic card very cool. So i decided to compare which is the best coin to mine on these graphic cards .Two most profitable coins currently for mining are Ethereum and Ravencoin .

System setup:

• all in one 8xgpu mining rig case
• 8x Zotac 1660Ti graphic cards
• hiveOS

Testing Ravencoin

• OC – (+150core, +1400mem, 115PL)  Performance 123-128mh/s @1090w
• OC – (+150core, +1400mem, 100PL) Performance 123-128mh/s @650w

Testing Ethereum :

• OC – (+150core, +1600mem, 100PL) Performance 232mh/s @650w

After inserting this data in profit calculator Whattomine, clearly can see that these cards currently is the best to use for mining Ravencoin (ETH -3.57us , RVN-4.88usd)

Even the GPU mining profit is still very low, these would be the one of the best graphic cards choice for mining. Specially if you electric price costs over average electric rate.

This is very important, even more when profitability is very low. Here are the steps we did:

Tools needed :

GPU-Z – https://bit.ly/32LonaI

flasher – https://bit.ly/2TlZlMl

BIOS editor – https://bit.ly/2IcYNSC

GPU BIOS collection – https://bit.ly/3crXCfV

So for test purpose we have had 2x RX5700 non XT version. We have edited timings and also upgraded nonXT version to XT.

Follow the steps:

• Download you gpu bios to backup with gpu-z

• Extract flasher to your C: drive

• Download Original XT version from GPU BIOS collection

• Open XToriginal.rom with BIOS editor and edit timing straps and save bios in your flasher folder. Straps edited copy 1500mhz to lower 1850…..etc (similar way as RX570 4gb cards) . These cards does have 2 bios, so edit both of them, after each time editing you need to save. This tool doesnt allow you to edit 2 bios at the same time.

• Now you need to upload these to your graphic card. Open command prompt as administrator . Navigate you you flasher folder  (cd => cd flash => amdvbflash -i ) this will give you information of the gpu connected in your system.

• Next you need to unlock gpu ROM to upload new BIOS type in cmd( amdvbflash -unlockrom 0 ) 1,2,3 if you have more then one gpu

• Last upload new BIOS to you GPU type in cmd ( amdvbflash -p -f 0 newBIOS.rom ) newBIOS is your saved .rom file name

After flashing, the computer must be restarted. We can already admire the new data in GPU-Z. In this case I had set the boost clock a bit higher. Now the value is no longer 1925 MHz, but 2104 MHz. In real terms the card reaches 2050 MHz with the right cooling.

Easy as that, reboot your system and your hash-rate should increase. If you have done everything explained here. Other flasher versions wont work , download links provided on top of the post.

Video here: