• 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.

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

1. In the early days in Bitcoin mining you could make some profit with your laptop CPU or GPU. These days are long gone, every year new more efficient hardware is been developed. Which makes older hardware obsolete for mining. Meaning that bad timing investment could potentially make your investment worthless.
2. Hardware failure is very big thing to reduce mining risks. This hardware needs to be run 24/7 to gain the most optimal revenue from mining. Very often these devices/hardware do brake down, asic miners are the worse hardware comparing to GPU. Hashing board failure is common problem on them, which will need additional investment after 6 month from your purchase. If this would happen to your devices.
3. The one of the hardest parts is not enough profits. Crypto currencies are extremely volatile, one day you could mine in profit the next day you might be at loss. If you are using latest hardware, most important to stay in the game and mine with profit. Is to have cheapest electric rate between all the other miners on network. Electric is everyone biggest OPEX cost, dont even think to start mining as a business large scale if your power costs is above 6-7c a kw/h. It might be profitable to mine with 20c per kw/h today but it might not be anymore tomorrow. Which means you will need to shutdown your mining farm.
4. Legal risks . Crypto currency is still very new, and it has not been regulated very well. So you might face some kind of crypto currency ban in the country which might affect your mining operation.
5. Hacking – Use crypto currency safe as possible. You know the good old saying not your keys not your coins. Don’t keep your mined coins on exchange. And use only community trusted mining pools.
6. And the last of the top 6 is the environmental risk. Choose mining location wisely. Mining hardware most likely will use a lot of power, this is why they will produce a lot of heat. And heat will affect your mining operation. Something like mining container could be an option.

Recognize your risks before starting a mining operation.

Please comment down bellow with any more risks you might think it is worth to mention.

For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.

If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.

If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h

Top mining profitability websites :

• https://www.asicminervalue.com/  It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

• https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.

• Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

• Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

• DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s @2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.

Any miner suggestion, what would be your best choice and why?

Join Telegram channel for communication – https://t.me/mineshop_eu

video :