Bitcoin Forum

Hey guys,

I am a newbie to mining. I am tempted to make the jump to buy an Iceriver KS03M: https://asicmarketplace.com/product/iceriver-ks3m-kas-miner-6000gh/ and run it through a service in Norway for 0,10 euro per kW/h with a 25 euro per month rent.

It would currently make 110 euro a day, so I would have an ROI of about 3 months. However, the block reward is going down every month and the difficulty rises. I am trying to make the math for the coming months but I am new to this so I am sure missing some things.

By increasing the difficulty monthly based on the average increase of the last months, and entering the reduced block amount for every month+ the increased difficulty, keeping the 'exchange BTC' the same and keeping the fees the samen, now I get an ROI at 6 months.

Do you guys think an ROI of 6 months is realistic?

Would you advice in buying this miner now?

Hrmm... I have been chasing ROI on kaspa asics for 4 months now.. Meaning every month i have to by another asic to keep same profit margin this month here just a few days ago i bought 5 ks3 to try and get ahead of the curve so man if you going to get involved i would think bigger picture...

Ya think the price would keep the growth down but nope people like me i guess are jsut dumping all there krypto assets or something to buy more of these asics wild stuff next month ill by another batch as well...

All i can do i go further down the rabbit hole hahha :)

I wouldn't bother mining with a price of 0.10 euros per kWh and additional rent. Your competitors have a much lower price and the profit will fall as the coin hashrate increases. And also this ASIC cannot mine other coins. 3400W is a very high consumption for expensive electricity.