Topic: Comprehensive Review and Future Implications for KAS Coin Mining (Read 197 times)

Indeed it is, but not always. Sometimes the sale of asics brings a good profit to the developers of the coin and the developers of these asics who are interested in this business. But soon the number of coins for mining will decrease and miners will not buy ASICs for this coin. And there seems to be no other coins for these ASICs.

Indeed, ASIC miners tend to be more efficient and powerful than GPUs when it comes to cryptocurrency mining. They are specifically designed for this purpose and have a high hash rate per power consumption. Mining unfortunately is Getting industrialized.


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ASIC miners will completely replace video cards from the mining of this coin. Ethereum classic is now unprofitable to mine on video cards and the same will happen with the Kaspa coin. FPGAs will be able to compete a little, but ASICs will win this battle.

Yes, I've noticed the same with my GPU mining for KAS. The spike in difficulty a few months back has definitely affected profitability. It seems like ASIC miners might be entering the game, increasing the competition.

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Look at the coin hashrate chart
https://minerstat.com/coin/kas/network-hashrate
Since March of this year, there's been a huge increase, and it's not graphics cards.
Maybe the manufacturer sells new ASICs, and dishonest resellers are mining on ASICs so as not to receive losses when the ASIC profit falls sharply and the price needs to be reduced.

Now I understand why such powerful ASICs will be delivered to customers in the 3rd-4th quarter of this year.
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Well, you know what they say: "Mining cryptocurrencies with ASICs is a bit like buying a lottery ticket... but at least with the lottery ticket, you don't have to pay for the electricity to scratch it off!" 😂

But on a serious note, it does look like you're onto something. With the majority of KAS already mined, getting into the game late can feel like trying to win the lottery. Only in this case, the consolation prize is a huge electricity bill and a room that doubles as a sauna from all the heat those ASICs generate! 🥵💡💸
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With such tokenomics, only those miners who receive the equipment first and have time to start mining will win. When the entire batch of ASICs is launched, the profit will die. In the meantime, it is possible that the manufacturer mines these ASICs in order to test and send these ASICs to you

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You're right, when it comes to the tokenomics you've mentioned, the early bird does indeed get the worm, or in this case, the crypto. And you've got a point about manufacturers potentially "testing" (aka mining) the ASICs before shipping them out. That's a conspiracy theory I haven't heard since the rumors of Elvis being spotted at a blockchain conference!

With such tokenomics, only those miners who receive the equipment first and have time to start mining will win. When the entire batch of ASICs is launched, the profit will die. In the meantime, it is possible that the manufacturer mines these ASICs in order to test and send these ASICs to you

Well, you know what they say: "Mining cryptocurrencies with ASICs is a bit like buying a lottery ticket... but at least with the lottery ticket, you don't have to pay for the electricity to scratch it off!" 😂

But on a serious note, it does look like you're onto something. With the majority of KAS already mined, getting into the game late can feel like trying to win the lottery. Only in this case, the consolation prize is a huge electricity bill and a room that doubles as a sauna from all the heat those ASICs generate! 🥵💡💸

The daily issue of the Caspa coin is approximately 350,000, while Litecoin has 630,000 dollars, and Dogecoin has 1,000,000 dollars.
Miners need to pay expenses and they sell some of the coins.

January 1st, 2023, approximately 15.3B KAS will have been mined (53.3%)
January 1st, 2024, approximately 21.9B KAS will have been mined (76.3%)
January 1st, 2025, approximately 25.1B KAS will have been mined (87.4%)
July 10th, 2026, about 95% of all KAS will have been mined
https://kaspa.org/tokenomics-emission-and-mining/

Now I understand why such powerful ASICs will be delivered to customers in the 3rd-4th quarter of this year.

The world of cryptocurrency mining is all about making the best of what you have, and it’s safe to say that this mantra applies doubly so for those invested in the field of ASIC (Application-Specific Integrated Circuit) mining. The landscape of ASIC miners has recently seen a significant shakeup with the launch of Bitmain’s latest mining rig, the KAS Miner KS3. This ASIC miner specifically targets the kHeavyHash algorithm, utilized by the Kapspa (KAS) coin.

The KS3 is a power-packed addition to the marketplace, boasting an impressive hashrate of 8300GH/s (±10%) and power efficiency of 0.38 J/G (±10%) at 25°C, which is currently one of the best available in the industry. But what exactly does this entail for prospective miners? Let’s delve deeper into its specifications, potential risks, and overall implications for KAS coin mining.


KS3 Miner Specifications
This robust rig is designed to operate under a wide range of power supply conditions, with AC input voltage ranging from 200-240 volts and frequency range of 47-63 Hz. The networking connection is facilitated via an RJ45 Ethernet 10/100M.

The hardware stands at a sizable 430mm x 195.5mm x 290mm without packaging, and a slightly larger 570mm x 316mm x 430mm with packaging. Despite its heavyweight performance, the KS3 itself weighs just 16.1kg (net weight), making it manageable for handling and setup.

The KS3 operates optimally at temperatures between 0 and 40 degrees Celsius, and in humidity levels of 10% to 90% (non-condensing). The rig is also designed to function at altitudes of up to 2000m.

A Word of Caution
While the Antminer KS3 appears to be a promising proposition, as with any investment, it does carry certain risks. The first is the release of a newer, more efficient model. As technology evolves at a breakneck pace, ASIC miners are frequently outpaced by their successors, often resulting in decreased profitability over time.

The high price point of the KS3, currently around $50,000, also presents a significant barrier to entry. It leads to a prolonged or potentially even non-existent Return on Investment (ROI). With the possibility of competing manufacturers releasing similar performing miners like the Iceriver miner, the market could soon be flooded, diluting individual miner’s profits.

As an example, let’s consider the current daily inflation reward for the KAS coin, which is approximately $500,000. If 5,000 miners are released (which seems to be a minimum estimate), the profitability of each miner would drop from $2,000 to about $100 a day. This would push the ROI for the KS3 miner to around 500 days, assuming no changes in the market.

If we were to imagine a scenario where 10,000 miners are released into the market, profitability could potentially drop even further. In a dynamic and rapidly evolving market, it’s essential to keep in mind these considerations before making a substantial investment.

Check the current profitability of this miner here : https://hashrate.no/asics/ks3

Final Thoughts
The Bitmain KAS Miner KS3 indeed brings impressive specifications to the table. However, the rapidly evolving landscape of cryptocurrency mining and the high entry cost make it critical for potential investors to carefully evaluate the potential risks and rewards. As always, staying informed and updated with the latest trends is key to a successful and profitable mining venture.
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