I feel like people are letting Bitmain off the hook. Bitmain said they were giving away $10K coupon to guess the price of the KS3, they were announcing it 5/19, 5/19 rolls around and they release the price $99,999 and the narrative begins that they made an error, or a placeholder price. They showed the world who they are which is a typical business who is trying to sell their widget at the highest possible price for the highest possible profit. This aligns with their business practices and who they are as a company. Stop this narrative that they made a simple mistake. They listed their price like they said they would and got REKT by the by the market they serve. Now they're backpedaling as fast as possible while trying to do damage control because they mistake they made was misreading the market. Are they going to honor the $10K Coupon for those who guessed $99,999 price as I believe Rabid Mining did? Are they going to have two winners when the revised price comes out? It's ridiculous to buy into and promote the story that a multi-million dollar tech company made a boo-boo on their price. If it looks like a duck and quack like a duck it's a Duck. and this duck wants to bend you over and take you for all you've got.
@@RedPandaMining They dropped the price in HALF and it's still crazy high. (edit) Oh and don't forget 25% tariff if in USA+Shipping and it's not shipping until September... unbelievable. Getting lokotech vibes off this one. The real winners here are the folks who have had IceRivers running for the past month.
We told you exactly what the price is before Bitmain came out (days later than they said they would). We are 100% transparent with you. By the way apexto had it listed at 75k at some point and Bt miners at 85k. Bt miners has revised down to similar where we are at currently. Apexto has matched. Be careful... profitability will drop but pending some kind of bullrun which even the kadena people are licking their lips with on the previous ATH, there can be some big upsides potentially. Know what you are getting into!
@@viperatech My reply was purely target towards Bitmain, not resellers. What are your thoughts on Ice River coming out undercutting the price from Bitmain? Does that just give the illusion of competition?
@@patrickmurphy3 To give you an idea of where Bitmain is right now... MicroBT's SHA-256 asics are above and beyond them in reliability and value yet people still go after Bitmain because of their name. MicroBT is no slouch. Barely anyone is going to spend untold thousands on "off brands" like Ice River, Hammer, Superscalar, ForestMiner etc... even Canaan and Goldshell, which have pretty solid reputations by now, customers are reluctant to touch just because it isn't "Bitmain". Will just throw it out there that Bitmain and Nvidia are kindred spirits. Bitmain's whole "guess the price" ruse is a little bit of market research where they make the public decide what its worth. Bitmain had no idea what to price it for their spot sales. We knew what it really was, because we already made our order with with them once we caught wind of their production schedules. We take very big risks in doing so, moreso than the retail customer.
The one thing to consider is the daily issuance of $KAS isn't going to go up when these are introduced, so it will change the dynamic of "who" earns the $KAS, but the total $KAS for the day should remain in-line with their issuance schedule.
Massive selling taking place. Will go to 0.007 from my chart. I sold half my position and will repurchase in a few weeks. These farms are selling all they mine, destroying months of wealth accumulation for GPU miners...
Bitmain was going to charge 100,000 dollars for those miners.....Bitmain is going to make so much money from this. Even at fifty Grand. I agree Panda, it doesn't make sense to me at that price
Bitcoin miner newest model is @ 257Th/s. KS3 is only 8Th/s. I think if Kas is about to become a silver crypto, it needs more of this. And GPU mining is really decentralized but we all know it's too slow. Asic for Kas is inevitable.
yup, and as soon as the hit, that profit is going down FAST.. lol think about how these asics with push the difficulty like btc.. and noone will profit exept the guys selling the asic LOL
yep, with a 3100 watt sucker that you paying 3x your electrical cost per hour being 1 kilowatt hout is about 13 cents it be going thriough more power then most apartments can actually provide.. lol as for mining that much on a coin worth less then 10 cents? yeah,,, I believe you dude
The difference between Kadena and Kaspa is, that big spike you saw on the Kadena chart was the last bull run, Kaspa's latest run up is in the middle of a bear market. So the charts don't line up at all and Kaspa has a much larger up side potential.
The run up was because it got listed on a number of major exchanges and had a lot of hype people calling for a dollar by end of the year etc … anyways, it tried and is now fizzling back to its sub $0.01 levels
How is there going to be a huge dump by miners if they have to maintain price in order to pay for their hardware they purchased. Does not add up. People are not going to dump at a 1000 year ROI rate think about it.
You never will see your payback unless you have one in hands (then maybe). All these new kaspa miners due is knock everyone else from mining kaspa because they will destroy what you can make mining. Plus, liquidity in crypto is fading away to almost nothing with exception of a few coins. if you need to sell, its getting harder and harder. I feel crypto mining is facing a slow, but quick death. I am sad!
If anything these ASIC miners are going to increase the price not that I’m buying them at the moment. The only reason the price is dumping is because ICERiver miners are trying to ROI in 3 months or less but these new bitmain ASICS will not have that same advantage especially if 5000 plus units continue like I said earlier here and everyone scoffed at.
I hope nobody does either.... but the Reality Is?There is gonna be thousands of Little Timmy's are gonna go for it. Because as we know?There is no shortage of little ROi Timmy's... pPobably be the same people who bought into Kadana doubling down trying to recoup from their last purchase disaster......
BS, it's all about risk/reward, sorry for anybody who getting scam by this, LOL $100K for a miner that could be a door stopper in a year, I think I will get better investment by buying a Testla to enjoy myself.
Well I don't get it how Kaspa is so hyped up while IOTA has been using the same DAG tech since 2018. So with all due respect I think KASPA is being hyped up mostly by miners and for obvious reasons. 🙃
@@scape. Quick update, Ive bought into it cuz price action has shown strength. looks like it'll have a good run in the bull market, and honest that's what i care about. Still it'll be nice to know the difference and how it's planning to be ethereum-like to attract devs.
Comparing kadena with kaspa and the charts are identical to when the kadena Asics were released. If I were you I wouldn't be holding. Id be diversifying over several diff miners. Take advantage of that 1000$ a day. You'll likely never see that again. NFA
We have had many buyers. Asic buyers don't care what the current price/profitability is-- they are always gunning for the next cycle. That being said, Bitmain's price is ridiculous.
@@v.cotoiu3568 Why do you say nobody will buy it when we have sold many? We still have buyers for the KA3 and the price is still high. You don't mine for the now. You mine for the later. Otherwise, just buy the coin and sit on it. We have global customers in countries where even the projected $32/day with free electricity goes a very, very long way indeed.
I feel like people are letting Bitmain off the hook. Bitmain said they were giving away $10K coupon to guess the price of the KS3, they were announcing it 5/19, 5/19 rolls around and they release the price $99,999 and the narrative begins that they made an error, or a placeholder price. They showed the world who they are which is a typical business who is trying to sell their widget at the highest possible price for the highest possible profit. This aligns with their business practices and who they are as a company.
Stop this narrative that they made a simple mistake. They listed their price like they said they would and got REKT by the by the market they serve. Now they're backpedaling as fast as possible while trying to do damage control because they mistake they made was misreading the market.
Are they going to honor the $10K Coupon for those who guessed $99,999 price as I believe Rabid Mining did? Are they going to have two winners when the revised price comes out?
It's ridiculous to buy into and promote the story that a multi-million dollar tech company made a boo-boo on their price. If it looks like a duck and quack like a duck it's a Duck. and this duck wants to bend you over and take you for all you've got.
Yup and here it is lmao twitter.com/bitmaintech/status/1661011551883792384?s=46&t=5NcBii_B1o25bVsdsBknmg
@@RedPandaMining They dropped the price in HALF and it's still crazy high. (edit) Oh and don't forget 25% tariff if in USA+Shipping and it's not shipping until September... unbelievable. Getting lokotech vibes off this one.
The real winners here are the folks who have had IceRivers running for the past month.
We told you exactly what the price is before Bitmain came out (days later than they said they would). We are 100% transparent with you.
By the way apexto had it listed at 75k at some point and Bt miners at 85k. Bt miners has revised down to similar where we are at currently. Apexto has matched.
Be careful... profitability will drop but pending some kind of bullrun which even the kadena people are licking their lips with on the previous ATH, there can be some big upsides potentially. Know what you are getting into!
@@viperatech My reply was purely target towards Bitmain, not resellers.
What are your thoughts on Ice River coming out undercutting the price from Bitmain? Does that just give the illusion of competition?
@@patrickmurphy3 To give you an idea of where Bitmain is right now... MicroBT's SHA-256 asics are above and beyond them in reliability and value yet people still go after Bitmain because of their name. MicroBT is no slouch. Barely anyone is going to spend untold thousands on "off brands" like Ice River, Hammer, Superscalar, ForestMiner etc... even Canaan and Goldshell, which have pretty solid reputations by now, customers are reluctant to touch just because it isn't "Bitmain".
Will just throw it out there that Bitmain and Nvidia are kindred spirits. Bitmain's whole "guess the price" ruse is a little bit of market research where they make the public decide what its worth. Bitmain had no idea what to price it for their spot sales. We knew what it really was, because we already made our order with with them once we caught wind of their production schedules. We take very big risks in doing so, moreso than the retail customer.
The one thing to consider is the daily issuance of $KAS isn't going to go up when these are introduced, so it will change the dynamic of "who" earns the $KAS, but the total $KAS for the day should remain in-line with their issuance schedule.
we have import tarif taxes in canada too. for 30.000$ of asic value from china i've paid 8000$ of import here in quebec
Contact us. We absorb those duties.
price will go down from here. I will say it.
Are you still holding your KAS? I wouldn't take that risk
"I just picked one up"... said no home miner.
Hope anyone can help me with my question, why does profitability go up when mining ethereum or ethereum classic with Jasminer?
Massive selling taking place. Will go to 0.007 from my chart. I sold half my position and will repurchase in a few weeks. These farms are selling all they mine, destroying months of wealth accumulation for GPU miners...
BITMAIN needs to be hit with an ASTEROID
This didnt age well at all
5:13
Bro just exposed fraud in his video 😭😭
Max order was 30 I thought so how did they get 250? Sounds like BS
Do you think we buy on their site? We bid in allocations and palettes 18 units per.
@@viperatech the amount of miners that are going to be in the market is going to be crazy. Going to be a wild ride
Bitmain was going to charge 100,000 dollars for those miners.....Bitmain is going to make so much money from this. Even at fifty Grand. I agree Panda, it doesn't make sense to me at that price
Bitcoin miner newest model is @ 257Th/s. KS3 is only 8Th/s. I think if Kas is about to become a silver crypto, it needs more of this. And GPU mining is really decentralized but we all know it's too slow. Asic for Kas is inevitable.
yup, and as soon as the hit, that profit is going down FAST.. lol think about how these asics with push the difficulty like btc.. and noone will profit exept the guys selling the asic LOL
yep, with a 3100 watt sucker that you paying 3x your electrical cost per hour being 1 kilowatt hout is about 13 cents it be going thriough more power then most apartments can actually provide.. lol as for mining that much on a coin worth less then 10 cents? yeah,,, I believe you dude
why spend 50k on a miner when you can open a short position for free and make the same amount daily?
I see they are honoring my 250 KS3 allocation after all lol
$39,800 on Vipera today. Will the price continue to plunge? Is nobody buying?
Reach out
classic move .. price it out of reach for normal people .. its a zero sum game
I’m thinking it’s may be a good time to enter a short position in the coming weeks. 😂
Yeah people will have to pay off their antminers so you're probably right
Ice River just announced a 5T and 8T models today also... RIP $KAS
Many somebody's will. Them they will be shocked when the hashrate and difficulty go sky high and profits go to nothing.
The difference between Kadena and Kaspa is, that big spike you saw on the Kadena chart was the last bull run, Kaspa's latest run up is in the middle of a bear market. So the charts don't line up at all and Kaspa has a much larger up side potential.
The run up was because it got listed on a number of major exchanges and had a lot of hype people calling for a dollar by end of the year etc … anyways, it tried and is now fizzling back to its sub $0.01 levels
panda panda panda !! Whats up , hope you doing well. Its Simon.. did a name change (Cryptechology ) you can always remember by the Diamond Logo
How is there going to be a huge dump by miners if they have to maintain price in order to pay for their hardware they purchased. Does not add up. People are not going to dump at a 1000 year ROI rate think about it.
It's a race to dump
I just gonna say "is not Eth mining times" so is to riskk take a 25 or 50k on this asic.
Price of Kaspa dumping everyday
ice river announced 2 new asic . 5 and 8 terahesh
Another Asic video 😮💨😮💨😮💨😮💨
Id pay 50k for a miner if it makes sense. These new kas miners do not.
You never will see your payback unless you have one in hands (then maybe). All these new kaspa miners due is knock everyone else from mining kaspa because they will destroy what you can make mining. Plus, liquidity in crypto is fading away to almost nothing with exception of a few coins. if you need to sell, its getting harder and harder. I feel crypto mining is facing a slow, but quick death. I am sad!
lol, I saw DJ mines guessed $49,900,I wonder if they took off $100 so he wouldn't win twice in a row on their giveaways...
If anything these ASIC miners are going to increase the price not that I’m buying them at the moment. The only reason the price is dumping is because ICERiver miners are trying to ROI in 3 months or less but these new bitmain ASICS will not have that same advantage especially if 5000 plus units continue like I said earlier here and everyone scoffed at.
watching this now as the hashrate sits at 8.5 P/H lol
great, i like it very much
I hope k10 becomes a door stop.
I hope nobody does either.... but the Reality Is?There is gonna be thousands of Little Timmy's are gonna go for it. Because as we know?There is no shortage of little ROi Timmy's... pPobably be the same people who bought into Kadana doubling down trying to recoup from their last purchase disaster......
I'll be shorting Kaspa when these drop.
They make sure they sell them all before they ship lmao
$50k asic kaspa? Never
I bet thise asic miners dosen't Cost them 100$ in factory
Exactly and they always base the price on the alleged mining profit but theres some bs 700 days ROI thats not even guaranteed
Of course it cost them as much, they have their own masks with their design.
no, but making the chips might require heavy investment in lithography in the beginning
BS, it's all about risk/reward, sorry for anybody who getting scam by this, LOL $100K for a miner that could be a door stopper in a year, I think I will get better investment by buying a Testla to enjoy myself.
Well I don't get it how Kaspa is so hyped up while IOTA has been using the same DAG tech since 2018. So with all due respect I think KASPA is being hyped up mostly by miners and for obvious reasons. 🙃
No, it's different and much better than IOTA
I'll share the video explaining why if you're really that interested
@@scape. Quick update, Ive bought into it cuz price action has shown strength. looks like it'll have a good run in the bull market, and honest that's what i care about. Still it'll be nice to know the difference and how it's planning to be ethereum-like to attract devs.
@@h.a.4261 it's more so focused to outshine Bitcoin than Ethereum, but after smart contracts release then it has a chance to compete against ETH
@@scape.i have a doubt, should i buy the new Ks0 kaspa miner? Or will the profit drop as soon as its released?
Comparing kadena with kaspa and the charts are identical to when the kadena Asics were released. If I were you I wouldn't be holding. Id be diversifying over several diff miners. Take advantage of that 1000$ a day. You'll likely never see that again. NFA
Are you getting one of this panda it would be foolish not to if you can get one overnight unlike others lol
Soon kaspa at 0.001😂
An asic pump and dump! Why sell 120th/s BTC miner for 2.500 when you can sell KAS 8th/s for 50K! 🎉😅😂
The price of Kadena went sky high after ASICS came out.
Im not buying it.
Yea the asic scam is real. Except nobody buys them. Fake 📰
Over price.
you have all the reasons that nobody will buy it.
We have had many buyers. Asic buyers don't care what the current price/profitability is-- they are always gunning for the next cycle. That being said, Bitmain's price is ridiculous.
@@viperatech you too have all the reasons that nobody will buy it
@@v.cotoiu3568 Why do you say nobody will buy it when we have sold many? We still have buyers for the KA3 and the price is still high.
You don't mine for the now. You mine for the later. Otherwise, just buy the coin and sit on it. We have global customers in countries where even the projected $32/day with free electricity goes a very, very long way indeed.
Asic killed Kaspa project. Simple question, what you can mine with this asics when mining kaspa is not profitable 😂