Analyzing the Cryptocurrency Mining Profitability of a New ASIC Mining Rig K5

[VoskCoin]

Analyzing the mining profitability of this new ASIC cryptocurrency mining rig that's earning $15 dollars a day in passive income! Subscribe to VoskCoin for more passive income videos - http://voskco.in/Sub

https://youtu.be/AOcoFO1pGUw


Want to try mining? Use a Ryzen CPU - https://geni.us/zvs3
Want to try ASIC mining? Use a cheap miner - http://voskco.in/eBayS9
Purchase bulk ASIC miners from Scott Offord - http://voskco.in/Offord

Mining cryptocurrency can be a lot of fun, exciting, and profitable. Mining cryptocurrency can also be an amazing source of passive income. Here's the initial VoskCoin review of the Bitmain Antminer K5 Nervos CKB ASIC miner that is currently mining $15 dollars a day worth of Nervos CKBytes or coins. Learning how to mine cryptocurrency is not easy, but it is not very difficult either. The Antminer K5 is the "latest and greatest" ASIC mining rig, so it is the most profitable mining rig at the moment, but it is very likely the profitability will continue to decrease. This video will show you how to understand earning passive income mining cryptocurrency and how to analyze your mining profitability just like I am!
Bitmain Antminer K5 mining Nervos CKB VoskCoin VoskCoinTalk by Drew Vosk, on Flickr

Learn more about the initial impressions of the Bitmain Antminer K5 Nervos CKB eaglesong ASIC miner here - https://voskcointalk.com/t/initial-impressions-of-the-bitmain-antminer-k5-nervos-ckb-eaglesong-asic-miner-mining-22-a-day/172/8

Should you buy the Bitmain Antminer K5 Nervos CKB ASIC miner? - https://voskcointalk.com/t/should-i-buy-the-bitmain-antminer-k5-nervos-ckb-asic-miner/164/11

Analyzing the mining profitability of the most profitable mining rig in 2020 on VoskCoinTalk - https://voskcointalk.com/t/analyzing-mining-profitability-of-our-bitmain-antminer-k5-nervos-ckb-asic-miner/210

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

[nc50lc]

Didn't watched the video but electricity must be dirt cheap in your area...
in general, it should be $10 a day for a couple of weeks, still too high but that profitability wont last long for obvious reasons.

[VoskCoin]

Didn't watched the video but electricity must be dirt cheap in your area...
in general, it should be $10 a day for a couple of weeks, still too high but that profitability wont last long for obvious reasons.

It’s $11$10 a day after paying the electric bill, I go over that in the video.

What do you think the profitable of this miner will be at in 3 months?

[JayDDee]

What do you think the profitable of this miner will be at in 3 months?

It desn't matter what anyone thinks, the're all wrong, including me. There's no data on which to
base a prediction so it's just a wild guess.

It's a new algo, a new coin in a sector where luck is a factor and the large majority of
new coins fail within a year.

At least a sha256 or srcypt miner will still be able to mine after a year. If CKB fails the K5 is junk.

[VoskCoin]

What do you think the profitable of this miner will be at in 3 months?

It desn't matter what anyone thinks, the're all wrong, including me. There's no data on which to
base a prediction so it's just a wild guess.

It's a new algo, a new coin in a sector where luck is a factor and the large majority of
new coins fail within a year.

At least a sha256 or srcypt miner will still be able to mine after a year. If CKB fails the K5 is junk.

so is your prediction $0 :O (or would it technically be -$3.79 with 10c kwh electric) lol

[JayDDee]

so is your prediction $0 :O (or would it technically be -$3.79 with 10c kwh electric) lol

I don't know why people are so interested in uninformed opinions. I hate them so I try not
to give them either.

All I'm saying is the risk is too high to invest in ASICs for a new algo with only one new coin supporting it.
The profitability at any given point in time or how long it takes to die is irrelevant.

[VoskCoin]

so is your prediction $0 :O (or would it technically be -$3.79 with 10c kwh electric) lol

I don't know why people are so interested in uninformed opinions. I hate them so I try not
to give them either.

All I'm saying is the risk is too high to invest in ASICs for a new algo with only one new coin supporting it.
The profitability at any given point in time or how long it takes to die is irrelevant.

I was just giving you a hard time / joking around, hope it didnt come off the wrong way via the internet lol

but yes I certainly understand your PoV

[JayDDee]

I was just giving you a hard time / joking around, hope it didnt come off the wrong way via the internet lol
but yes I certainly understand your PoV

Give me a hard time? I'm trying to provoke you into justifying why you think such a product (it's not the
only ASIC or FPGA for a new unproven algo) is deserving or your review. If you reviewed it you must think
it has value. I think it doesn't make sense.

[SeaBits]

Keep the videos coming, you touch on a lot of points others just breeze over. Over the past month I managed to watch most your videos and really enjoy them. I might have missed it but do you have a video on how your mining operation, which involves electrical overview, is now set up in your garage?

Also with the household usage and miners running at the same time what's the electric bill every month?

[VoskCoin]

I was just giving you a hard time / joking around, hope it didnt come off the wrong way via the internet lol
but yes I certainly understand your PoV

Give me a hard time? I'm trying to provoke you into justifying why you think such a product (it's not the
only ASIC or FPGA for a new unproven algo) is deserving or your review. If you reviewed it you must think
it has value. I think it doesn't make sense.

I was trying to joke with you on the internet

its an ASIC miner for a new coin on a new algo that contains only one coin and multiple parties are making miners for it, we've seen this story time and time again. Unless Nervos defies odds via price these asic miners will probably breakeven for residential miners and be a 2x play for industrial miners which is relatively common performance over the 1-2 years in this bear market with similar releases.

[VoskCoin]

Keep the videos coming, you touch on a lot of points others just breeze over. Over the past month I managed to watch most your videos and really enjoy them. I might have missed it but do you have a video on how your mining operation, which involves electrical overview, is now set up in your garage?

Also with the household usage and miners running at the same time what's the electric bill every month?

appreciate it, thank you

Any points or things you'd suggest I touch on in future videos?

This is probably the most relevant one to your question

https://www.youtube.com/watch?v=RFsVBr0xkZo


I go over the why and how I setup my mining rigs in my garage here, and some factors that went into that. Ive been meaning to make an update video but I just feel like I'm forever behind because even in a shitty market, mining is always changing so rapidly.

my electric bill fluctuates between $400-$1000 depending on what miners I'm running

[JayDDee]

I was trying to joke with you on the internet

its an ASIC miner for a new coin on a new algo that contains only one coin and multiple parties are making miners for it, we've seen this story time and time again. Unless Nervos defies odds via price these asic miners will probably breakeven for residential miners and be a 2x play for industrial miners which is relatively common performance over the 1-2 years in this bear market with similar releases.

Joking a 2 way street isn't it?

Back to the point, thank you, that answered my question.