I Just Bought A Kaspa Miner That Makes $1000/Month
ฝัง
- เผยแพร่เมื่อ 4 ก.ค. 2024
- I just bought a Kaspa crypto miner for $8,850 that I think will make about $1200 a month. In this video, I tell you all about it, the costs, the profits, my long-term outlook, and the risks. And I answer the question of, "is it too late to start mining Kaspa?" ▼▼
➤This is where I buy and host my miners: a.ndy.fyi/MuskMiners
(Save $100 Per miner with code YOURFRIEND100)
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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. - บันเทิง
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Thank you for the Kaspa content and coverage Andy. ❤
YEEESSSS, more Kaspa miners FTW! (Insert gif of Jack Nicholson nodding slowly here)
MOREEEEEEE
Musk miners might be a good hosting company, or maybe you have preferential treatment - however in my experience it’s well worth shopping around for hosting providers that don’t mark up their ASICS to extreme levels and allow you to buy externally. Don’t rush into a contract just cause a TH-camr told you so.
@@f.duarte5276 may you suggest other stores and hosting please? Thank you
You can 100% buy the machines from resellers much cheaper, but those resellers will not host the machine for you. You can also find hosts that will have the machines at lower costs, but they always have additional fees that Musk does not have. AND there has been an alarming number of these "cheaper" hosts that people have talked about in my comments that have either completely failed, had terrible uptime, had other problems, or been total scams. I've heard from lots of folks that initially went with the "cheap" host that they switched to Musk and were much happier (if they didn't lose their machines).
I will not pretend there are no other options out there that could potentially be cheaper AND better, but I have zero experience with them, and Musk Miners having a 3-4+ year track record and incredible support means a LOT to me if I am going to recommend them to people. I have not found any other host I can comfortably trust and recommend yet.
And to your last point: DUH. I literally say "Don't buy machines just because I am" in the video. AND at no point in this video am I telling anyone to do this. Like ALL my videos, this is a video of me sharing MY experience and investing decisions. If you get an idea from it, great. If you don't like the idea, great.
@@YourFriendAndy appreciate the vid, but saying you haven’t found other trustworthy option doesn’t mean they are not out there… you simply are happy with your choice and that’s fine. I’m been with 3 hosting companies and I think it’s good to have some diversification for better capital allocation and risk management.
I believe people should know that shopping around is worthwhile. There are MANY options out there DYOR people and think for yourselves
@@f.duarte5276 And I appreciate the open and reasonable discussion! I did say in my previous comment that "I will not pretend there are no other options out there."
But like I said in another comment reply to you on a different comment, I have to balance that with what I recommend. Since I have an audience and I know that people will be swayed based on what I say (no matter if I tell them not to), it's hard for me to recommend something I have not tried and have no experience with.
So yes, anyone reading this, DYOR. If you find a better option that what I use that you are convinced will serve you well, go for it. Why would I have an issue with that? As always, I'm sharing what works for me and where I am willing to trust my money. Maybe that will change in the future!
@@YourFriendAndy would highly recommend getting the Bitmain K5S Pro (August batch) currently sitting under 11k - I don’t even want to guess what Musk is marking them up at. :) anyways many roads that lead to profit, everyone must put in the time and effort to achieve their own goals.
I urge people to stop letting the middle men take your profits… be bold and go directly to the source. Hosting has grown since a couple years ago… and you should too. Every has risks but the biggest one is not trying.
This is a fast paced market, keep your tap dancing shoes on and when it comes to Kaspa get the one that mines the most cause that halving cycle is nasty and more powerful units are coming out every day. Slow and steady doesn’t win here, and getting ripped off from a greedy middle man doesn’t help. Think different, get different results.
$8850 bucks for a miner that makes...around $20 a day (after paying min $0.10 KW) ...or you could buy a KS5L for $4800 bucks, shipped to USA new facility pay $0.08 KW and earn $35 a day after paying electrical. For the same price of one KS3 you could have almost bought TWO KS5L
EDIT: I'm only paying $6 a day for hosting/electricity through Musk ($0.08kWh).
But the big reason I'm not doing what you suggest is something I explain in the video. I'm very hesitant to go with Iceriver units again. I'm also hesitant to jump into new facilities without a long track record. I've watched too many fail. If you want to take on that risk, that's obviously your decision! I'm not trying to convince you to do what I'm doing. I'm telling you why I'm doing what I'm doing.
Nice video, but unfortunately, I agree with the helium. There's nothing wrong with sharing your bad experience with the Ice River, but buying a KS3 for $8.8k when you could have purchased a KS5L X2 or a KS5 Pro from Bitmain seems odd and not the best use of funds. To each their own, though. Thanks again for the video.
My KS3M has been running flawlessly for over 3 months now. Averaged $39/day before electric. Now have over 22000 KAS.
Oh man I have very jealous. Glad to hear yours has run flawlessly. Wish that was the case for me. Congrats on the mining!
Congrats for holding
Yooooo Andy, I didn't know you could do a miner video sooooo well!
haha thanks Charlie!
I partnered with MM about 4 months ago, and it has been AWESOME!! Thanks Andy!!
Love to hear it John!
After calculating all costs, there is no way this is worth it compared to just buying an additional $1000/month (not hard to make an addition $1000/month income)
So far every single machine I've bought has absolutely been worth it after all costs. I'm pretty sure that will include this one too. And you are correct, making an extra $1000/month IS easy. I just buy a machine, forget about it, and make an extra $1000/month. That's why I love passive income.
Smart move
KASPA NEXT X50!
I'd like that!
What pool do you send these to? But since Kaspa is not on a U.S. exchange, how can you sell it? That's what's holding me up from getting on board with Kaspa. I don't want to hold something I have safe ability to sell when I want/need to.
Friendly question,,,when you buy a miner and let them host it ,,,how and when you get your tokens ??
I see what you see with Kaspa.
🤝
KS5 Pro 21TH FTW 🙌
Musk miner: 24.5k
Direct from China 17.5k (Today)
Direct from China: 10.5k (August Batch - likely price will drop closer to Aug)
Yeah no thanks Musk.
DYOR
August Batch from Musk will be half the price of the ones they are currently selling (like pretty much everywhere). And Bitmain RARELY ships its batches on time. You are comparing to different things. And you will also pay tariffs direct from China. And again, the Musk machines will be wayyyyyy cheaper for later batches, like EVERYwhere else. You pay a premium to get it NOW.
Good luck getting it direct from China at that price right now. Every reseller than sends me price lists only offers those prices for later batches and again, Bitmain traditionally does NOT deliver those batches on time.
Your comparison is disingenuous and you're just spamming my comments. If you like a hosting company better, make your own video and share it. I have had a fantastic experience with Musk Miners so far and they have a great 3-4+ year track record. I won't recommend someone else who I have no experience with to my audience.
@@YourFriendAndy not spamming, I’m a miner myself and I have happen to have a different opinion and experience from yours. Not sure why that’s triggered you.
The KS5 Pro can be had for under $10.5k in August batch (and in August it will be cheaper) from sources direct from China with connection to bitmain and without extra taxes when shipped to the U.S.. I’m not selling, I’m not shilling I’m just saying… there is another reality out there if you’re willing to go find it.
So people out there DYOR, and stop making the middle man rich. The bread crumbs are out there if you are willing to put time in and find them.
I’m not leaving this reply for you, it’s for people to decide what they want to do with their hard earned money.
@@f.duarte5276 You can call it "triggered" if you need to. I am replying because I think you are being disingenuous.
The KS5 through Musk will also be significantly cheaper if you are okay with later batches like the ones you are saying from other sources.
Your comparison was this:
Musk miner: 24.5k
Direct from China: 10.5k
And that's disingenuous. If you bought from Musk for an August batch (which again is often delayed), it will be around half the price of the $24K number. You are comparing two different things. You are comparing Musk's TODAY price with a resellers NEXT BATCH price.
I am all for giving people more info. You are giving people info that is wrong and you don't seem to even realize it. I want them to make their own decisions. You are helping to confuse.
@@YourFriendAndy Andy, Musk Miners is making bank on reselling AISCs for marked up prices. That is a fact.
I’m not replying to you, I’m sharing my opinion and when August rolls around Musk will still be 3-4k more than China… that’s how the many their money.
Don’t sell people the bull, tell them straight that this is a good hosting company that will sell you expensive ASICS.
My opinion is based owning 34 ASICs myself and after using 3 hosting companies I’m sharing my insight. I’m just being honest and whether you like it or not I think people can use their own brain and DYOR.
Stop making the middle man rich.
@@f.duarte5276 "Stop making the middle man rich."
I dunno what to tell you. The host needs to make money. That's how a quality host actually gives you good support. They have people that have to get paid. It's a business. The differential on electricity costs that they make is NOT huge. Most hosts who do not upcharge on the machines, often do so with other fees. "Setup" fees, "maintenance" fees, etc. And many of them haven't been in operation for a long time.
Resellers don't have that problem. They don't need to think about maintenance, etc. They just dropship you a machine and take a tiny sliver of a margin and they are good. A successful host cannot do that.
If you go with a host that has cheap ASIC prices, just make sure you do the longer-term math on what any extra fees will cost you.
My opinion is also based on owning 30+ ASICs.
You say things like "I’m just being honest and whether you like it or not I think people can use their own brain and DYOR." Which is just further being disingenuous. I have stated several times I'm a very pro that too. I really do not care if someone goes with another host/etc (unless they get screwed). I am just presenting what works for me and why. You act like it's an affront or scam. And you've gotten many simple facts wrong. It's a crazy overreaction.
**EDIT: I don't want to keep spending time on this, but I'll leave this edit for anyone reading this exchange. The reply to this says "not sure why you’re surprised someone has a different opinion than yours"
I'm all for differing opinions and as a youtube I'm obviously not surprised by them. Different opinions show up by the thousands in my comments. But I will reply when you get the facts wrong or if you are being disingenuous... especially when you cannot even see that you are.**
Yea musk been good so far
Thanks for sharing!
Kaspaaa 🙌📈🔥
I like Kaspa!
Is it still early to buy this miner?, what are the best Kaspa miners to buy today sir?
Depends on what "early" means to you. If you mean "early" as in "is buying a miner today earlier/better than waiting until Kaspa is $1+" then yes it's early.
If you mean "early" as in "will I get a crazy outsized reward for my time/money?" The answer is more a "yes" than a Bitcoin machine, but overall is a "no" compared to if you had started mining Kaspa 1+ years ago.
The best machine is the one that you can comfortably afford within your risk parameters that has a good reward/cost ratio. That was the KS3 for me right now.
If I purchase a Kaspa machine and pay, they will host it for me at 8 cents per kW. What about the monthly fee? Will I receive the Kaspa tokens in my wallet daily, or will they keep them? I’m new to this field, but after watching your video, I’ve decided to give Kaspa KS3 9.4T a try.
The ONLY fee you pay month is that hosting/electricity fee of $0.08kWh. Most other hosts have other costs, but not Musk Miners. Another reason I'm a big fan of them. Reach out to Blake or Oscar at Musk and they'll answer all your questions. Great guys.
I would highly recommend shopping around for hosting companies that have better pricing on the ASICs. Musk might be good at hosting but they heavily mark up their ASIC unlike other hosting companies. DYOR and don’t rush
@@f.duarte5276 I also highly recommend you DYOR and not rush into a decision. But I also recommend you consider track records, what batch of miners you are buying from, if they are used or new, and jump into various discords and other places where you might be less biased reviews of the different hosting options.
As someone with an audience, I have to be super careful who I recommend. To date, I haven't found another hosting option with as good of service or care as Musk Miners that also has a 3-4+ year long track record.
I have had lots of comments on my videos and lots of my members of my discord lament going with "cheaper" hosts because of the issues they've faced... if the host didn't go out of business completely.
There certainly has to be other options that are great and maybe even a lot cheaper than Musk, but since I have no experience with them, I cannot recommend.
So again, DYOR and do whatever is best for you. I have zero desire to pressure anyone into doing what I'm doing. I really don't care. I just care that people don't get screwed over.
You can buy the Bitmain KS3 for 5000 dollars
Not from any legit places or places I'd trust. You CAN find them for around $5,900-$6,500 from places I've actually heard of if you buy a used one. Not new and not hosted like what I am buying. And most used ones do not come with a warranty. Then once you get it, you have to find a host that will take it.
Hello andy ,,,,really interested ,,,can i ask you couple of questions please ,,,
And the discount,,,,how to use please
there is any shop in europe??? thanks Andy!!!
You can buy through Musk Miners and host with them. No need to find a EU centric shop unless you want it shipped to your home/location.
Nice
Serious question. Why havent you sold all your flux and get a bigger bag of kaspa? 🤔🤔🤔🤔
lol I have considered rebalancing that a bit
Can this mine a different coin
congrats Andy
Can some on explain me how this bitcoin works?
Because I don't get it.
Let's say that in 2011 I bought 200.000 bitcoin whit 1 dollar , and I left there ( there's meaning a,, virtuall wallet) And now in 2024 I am a billionaire?
That's not possible, where's the scam 😂😂😂
Hey Andy! How should i contact u for collaboration
I hope I am not too late with my KS5, I just got mine in May. After watching your TH-cam video, I went with Musk Miners. I am happy with Musk Miners; they have great customer service. I just need to see what things look like after the Halving.
Musk Miners is awesome! That KS5 is serious business!
Yes you are too late cause the KS5Pro 21TH is selling for 10.5k from China - so you’re getting ripped off with Musk. Seriously
@@f.duarte5276 August Batch from Musk will be half the price of the ones they are currently selling (like pretty much everywhere). And Bitmain RARELY ships its batches on time. You are comparing to different things. And you will also pay tariffs direct from China. And again, the Musk machines will be wayyyyyy cheaper for later batches, like EVERYwhere else. You pay a premium to get it NOW.
At worst, Kaspa is still a far superior store of value than Bitcoin....
I love Kaspa, but I think this is getting way ahead of ourselves. It's never even been through a full crypto cycle. Just because something has appreciated in price so well over a short period of time, does not make it a good store of value. It needs to show it can weather good and bad markets. Bitcoin has shown that for 15+ years now. Kaspa is still very unproven. And again, I'm a huge fan of it, but we need to be realistic.
Any ksi pro breakdown for right now currently
I'm still just running my plain jane KS0s. I'd like to get an Ultra though.
$1000/month 🤔
Well its not going to be making $1000/month for long. The rewards are going down fast
Just depends on the price of Kaspa. Rewards going down aren't super relevant if the price goes high enough. In the bear market I made wayyyyy more BTC rewards each day, but at the beginning of this year I made way more per day in USD despite much lower rewards. These comments keep you on the sidelines. I'd encourage you to think bigger.
Kaspa go to 0.14$, sell your kaspa
😂🤡
Sell Kaspa because it might drop $0.03 ??
You'll never win with logic like that.
Man really full bulshit not tru
BS you didn't buy nothing most TH-camrs make their income from TH-cam by talking about crypto
lol if you saw my adsense payments you wouldn't be saying that
@@YourFriendAndy lol , you are one of the few folks I followed from when I got into crypto mining in 2020. Back at it again.
@@yawdiegamer7098 Thanks for sticking around! I'm here for the long-haul!
@YourFriendAndy you guys and your asics. Trying to compete with giant corporations is not a winning scenario. Crypto mining at home should be kept to cpu and gpu IMHO
@@andrewjones198 Crypto mining should be kept to whatever someone wants it kept to. ASICs, GPUs, or whatever. Crypto is permissionless. I'll do what I want. You do what you want.
Don’t forget the tax you need you pay😮
Yeah how you handle that will depend on where you live and how you treat these expenses/earnings. I highly recommend getting a solid tax professional.