It’s also risk vs reward, the risk was not receiving your miner in a timely manner and I’ve heard some people who bought directly from ice river have been waiting a long time to receive their miner. I have a mate who bought a ks0 from a reseller recently, he asked if it was in stock and they said yes, he paid for it and then they said they have no stock. Not sure what’s happened with that I’ll ask him
Like if you lived in Hong Kong and knew you’d receive your miner a week before anyone else then that puts the odds in your favour
NGL. I kind of messed up my prediction. I thought Bitmain was going to pull a Bitmain. But there still is a chance that they will do so.
But when I make my predictions, I tend to take a more bearish side to prepare for the worst. And as you can see with Kaspa, you don’t have a stable price. And right now it might seem that you will make 300 a day but if the price goes back to 4 cents, it will make around 240 a day. And also at a point many early batches of IceRivers were on back order. But it’s always better to take a bearish calculation, as it’s a wild market down here.
But still only a few were shipped in the early batch, and most of the other Bitmain ks3’s were shipped during the last week of August, and the First week of September.
So if you got your KS3 on the 5th of September, you would have made around 4,000. So I do expect these to be making a decent amount, but then the next batch, all hell lets loose.
So I was wrong about the hashrate to this point, but still I don’t see a long term play for Kaspa miners. As the block reductions will take a large toll on the rewards. (Around 6 months from now, the emission per minute will be 123 Kaspa, and currently it is 175).
(Just a side note. just because IceRiver’s are not breaking down now, there is still a chance in the future. I hope not but who knows with such a young company)
Not going to lie the 6th model at $15,000 I find attractive. If you allow for the network hashrate to 3X it’s still $60 a day, and personally I would put it on NiceHash and get paid in BTC. I wonder what the hashrate will be in a years time
Even if by the time the rewards are cut, if you had paid it off and you were still making $30 a day I wouldn’t be complaining at all
Going into this further (Did A Kaspa Miner Price War Start?), you can see that just like the d9, they will let the rewards be good for a little, then dump the price. Then for the same miner they will charge them 3k a unit, just months after.
So this shipment will most likely add more hashrate, then a little sell pressure might kick in.
But BITMAIN is for sure, going to use their tricks that they have to manipulate the market.
Is there anyone here who has either an Ice river KS3 or a Bitmain KS3? would be interesting to hear first hand accounts on their experience and if they find it as a good buy or bad buy
Personally I do want one of the more powerful models. I would only buy one if I could get a spare control board, PSU and chips an insurance so if anything goes wrong then I can fix it myself. If it comes DOA and can’t fix it you’re screwed. Can’t get ice river chips, will have to see about Bitmains
Bitmain dumping Kaspa miners now. Kaspa will probably double to 50 peta hash by the end of October and 100 peta hash by the end of December because of the big price reductions and more to come. They make you feel like you are getting a deal but you will be lucky to make your money back. Bitmain only cares about their wallet. My K7 is the worst miner ever made broke after 8 months a 5K LEMON!!!
Look at Bitmain’s history this is their play get the most money from each miner until they kill the coin!
Always sell miners before the halving that will no longer make any money because people are stupid enough to buy them! K7 and HNS3!
