If you are just starting out I bet you will learn one or two from me

[Outhue]

I was never new in this field called mining, I have bought some GPUs in 2020 for mining Ethereum and getting paid in BTC.

I forgot every reasons why I sold all those GPU back then and today I found myself in the same mess again, fast forward to today, things started getting a bit harder in my business and food price are skyrocketing, I needed something to bring in passive income for me and since I am not that good in trading I decided to do some research online.

I saw how big Kaspa mining has become, many are hailing about how fast they made their ROI back with Kaspa home miners like KS0 and KS0 pro, then I had spare money on me, I could have use that to buy some foods at home but I like the slower steady income, which makes me start looking into Kaspa home Mining.

So I decided to buy ks0ultra, I did have my regrets.

1. The reviews that I read are from those who bought the miners on day one, they are all good feedbacks.
2. The day I purchased ks0ultra the reward monthly was $50 and even before I got the miners delivered to me its down $30.
3. I learnt that you won't be the only one ordering for the miners as well, many people will order huge numbers of these miners.



Later I started seeing new reviews and many are not happy with their purchase anymore, because the returns gone down so fast, this includes Alephium miners too, if you are looking forward to start miming you should consider ....

1. Older coins, like LTC, BTC, Doge, I learnt that they keep up their rewards for long unlike new altcoins in the space, a Bitcoin miner can be profitable and maintain a return range for a year or two but new coins can be $90 today and go down -$90 tomorrow.

2. If you don't see mining as an hobby do not even bother.

3. You will always make money if you have free electricity, I think free electricity fits mining more than anything, because even if your miner becomes obsolete you will still make money since you are running on free electricity.

4. The last advice is those who are making these new Asic miners are the winner, they are just selling the shovels to you, the digging for gold is your problem and you might never found any gold in the ground.

[Helena Yu]

The profit went down because the mining difficulty is increasing, especially in this month, just in 10 days the difficulty went up from 400P to 500P. Mining is basically similar to DCA-ing, you're earn the coins everyday and you're hoping the price of the coins will rise in the future.


https://2miners.com/kas-network-difficulty

3. You will always make money if you have free electricity, I think free electricity fits mining more than anything, because even if your miner becomes obsolete you will still make money since you are running on free electricity.

4. The last advice is those who are making these new Asic miners are the winner, they are just selling the shovels to you, the digging for gold is your problem and you might never found any gold in the ground.

Free electricity is impossible in the first place.

If the company who create the ASIC miners are the winner, then all miners are the loser, which is not correct. There are still people who become miners.

[AVE5]

Of course mining can be very exorbitant and overwhelming when considered the taxes involved and the basis you can generate incomes. This is why there're less miners to traders and trading too is more technical to investment so there're also more investors to traders.
It's all to individual conveniences.
Today's mining is really more profitable when considering the old coins because the rewards or even legitimates of new coins can as much be inevitable consolidated where the aim is to make profit.

[EL MOHA]

Free electricity is impossible in the first place.

There is never free electricity but I think OP would mean the cost of electricity will be very low to the extent that it is more or less free. And this is one of the basic requirements of setting up a mining rig, the environment should be where electricity is less costly.

If the company who create the ASIC miners are the winner, then all miners are the loser, which is not correct. There are still people who become miners.

The thing here is ASIC mining developers are the ones surely considered to be profitable, the miners wouldn’t be losers but they are not all going to be profitable reason been that not everyone can get to mine. But those selling will definitely find buyers. So for the miners it’s a 50/50 chance which is not so for the inventors.

Of course mining can be very exorbitant and overwhelming when considered the taxes involved and the basis you can generate incomes. This is why there're less miners to traders and trading too is more technical to investment so there're also more investors to traders.
It's all to individual conveniences.

This can be attributed to the amount also needed for setting up mining farm or rig, many people do not have that capital to go into it or there environment isn’t friendly to miners, whereas trading requires just little amount of capital to trade

[Lafu]

Free electricity is impossible in the first place.

There is never free electricity but I think OP would mean the cost of electricity will be very low to the extent that it is more or less free. And this is one of the basic requirements of setting up a mining rig, the environment should be where electricity is less costly.

Why should it not possible to get free electricity , even here in Germany i know a few people that offered i can use there electricity for free as they have their own solar systems.
So its possible , of course this only works up to a certain point and you cant use an infinite number of miners.
But with a few devices it shouldnt be a problem , its a trust thing here and the maintenance of the Miners have be done by yourself.

[JayDDee]

Free electricity is impossible in the first place.

There is never free electricity but I think OP would mean the cost of electricity will be very low to the extent that it is more or less free. And this is one of the basic requirements of setting up a mining rig, the environment should be where electricity is less costly.

Why should it not possible to get free electricity.

Theoretically energy is never free, there's always a cost, either directly or indirectly. Even if you produce your own there's still capital cost to build the plant and operational costs
to run it. There's no profit unless revenue exceeds operational and until all capital costs are paid back.

[Outhue]

The profit went down because the mining difficulty is increasing, especially in this month, just in 10 days the difficulty went up from 400P to 500P. Mining is basically similar to DCA-ing, you're earn the coins everyday and you're hoping the price of the coins will rise in the future.


https://2miners.com/kas-network-difficulty

3. You will always make money if you have free electricity, I think free electricity fits mining more than anything, because even if your miner becomes obsolete you will still make money since you are running on free electricity.

4. The last advice is those who are making these new Asic miners are the winner, they are just selling the shovels to you, the digging for gold is your problem and you might never found any gold in the ground.

Free electricity is impossible in the first place.

If the company who create the ASIC miners are the winner, then all miners are the loser, which is not correct. There are still people who become miners.

Mining is an act of another DCA method but trust me, many people don't see it this way until its too late, this is why I shared on here, some people just use mining profitability calculator and go ahead to purchase the equipments.

I stand my ground about the free electricity, stop saying this is impossible when a ks0 Ultra only need 100watts to run, and I am using a home solar setup where I have lots of power available, I can power 1500 watt appliance around the clock, I mean 24 hrs per day.