Is buying a KD5 Miner worth it?

Hey guys,

Im looking to purchase my first rig and thinking about the KD5. Just want some opinions on peoples experience with this machine. Also any recommendations would be greatly appreciated.

look into a iBM-k1+, less money. they are not 60k.

I’ve had two KD5’s running since late summer. They’ve been reliable rigs. No problems with them. Despite being lower wattage than a lot of modern ASIC rigs, they are noisy and generate heat - though not as much heat as my LT5 Pro

As far as price . . . they’re yielding ~$72/day currently, though all crypto is down due to Russian invasion of Ukraine plus ongoing inflation concerns. But let’s assume that it is what it is and also that one would target a 1-year pay back. In that case, it’d be hard to justify paying much more than $26k for a KD5 - and this assumes that difficulty as well as yield will remain constant (but they won’t). As a less conservative approach, let’s assume a more normalized rate of $90/day. In that case, you’d be hard pressed to justify paying more than $33k.

But the real question is what do you think the relationship of difficulty vs KDA price will be going forward? As all those new KD6’s start coming online and hashing, difficulty will start to rise. Now if price increases proportionally, then the above simplified analysis would hold. If not and prices spike much faster than difficulty, then the above prices for a KD5 might seem like a bargain so long as the relationship between the variables is sustained. If not, then you could be looking at an 18-24 month, or even longer, payback period.

Also, a KD6 currently is $38k direct from Goldshell (if you can get one . . . I think it requires ritually sacrificing a goat (or something like that) within 4 nanoseconds after they post the “new stock” release on Twitter). Anyway, on a KD5 vs KD6 relative hashrate basis, it implies that a new (not used) KD5 should be selling in the $26k ballpark - if new KD5’s existed.

Clearly I don’t have a crystal ball. I just know that I’d be hesitant to pay anything more than $27-$30k for a KD5. But everyone has their own individual level of risk tolerance.

Another thing to consider is whether it’s better to buy a KD5, or just buy $X worth of KDA? KDA doesn’t burn electricity, make noise or generate heat in your Zelcore wallet. There’s also a liquid market for KDA.

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This was great info, Appreciate you taking the time to write this. I have to do more research about Kadena. I am very confident a bear market is upon us and miners should go down. Just waiting for the right moment to pull the trigger.

I found this website (GOLDSHELL KD5 - KADENA MINER (18TH) | Asic Marketplace) not sure if its a scam website or real. They seem to be selling for a way lower price only downside is that they can deliver until Oct.

Will do, thanks for the info.

40k vs 60K+ for a KD5 would concur with Winston, buy a K1+ instead. I included my purchase link here as well for easy reference on where to get it.

The KD5’s are no longer in production and have very limited availability, so the price will remain much higher compared to alternatives. I can’t imagine the price will fall anytime soon on this model.

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I couldn’t agree more, even though I still think 40k is a bit high for a K1+, no disrespect intended, only my personal opinion.

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As my experience , If you want buy KD5 its better buy stock , not pre order , beacuse all pre orders have delay and maybe have to pay more .