yami-tech-ym-100-2400mh-s-2200w-etc-ethw
$4,100.00
muxwave-m6-ultra-thin-ultra-clear-transparent-flexible-oled
$2,600.00
iceriver-al0-400gh-s-100w-alph-2
$299.00
bitmain-antminer-al1-15-6th-s-3510w-alph
$10,299.00
goldshell-al-box-ii-720gh-s-360w-alph
$1,649.00
nvidia-a40-enterprise-tensor-core-48gb-190w
$5,500.00
Welcome to the forefront of Kaspa mining in 2024! As we dive into the realm of digital currency, Kaspa stands out with its lightning-fast proof-of-work and decentralized nature. Boasting the revolutionary blockDAG architecture, Kaspa ensures greater mining decentralization and effective solo-mining for lower hash rates. With its fair launch in November 2021, no pre-mine, pre-sales, or coin allocations, Kaspa champions a 100% decentralized, open-source, and community-managed ethos. With a total supply of 28.7 billion coins and a unique emission schedule, the journey of Kaspa mining is as intriguing as it is rewarding.
Kaspa’s mining process is anchored in the kHeavyHash algorithm—a modified, energy-efficient version of HeavyHash optimized for GPU and future mining technologies. This innovative approach promises a fair and accessible mining experience for all.
Block Reward: 123.47 KAS
Circulating Supply: 23.01B KAS
Hash Rate: 180239.0 TH/s
Market Cap: $3.4B
For those looking to join the mining adventure, choosing the right software is crucial. Popular options include:
LOLMINER | BZMINER | SRBMINER | TEAM RED MINER | KASPAMINER | GMINER
These tools are your gateway to securing the network and earning valuable block rewards.
Solo mining or pool mining? That’s a question many miners face. Here’s a list of current pool options to help you decide:
ANTPOOL | ACC-POOL | KASPA-POOL | HEROMINERS | OKMINER | WOOLYPOOLY | P1POOL | HIVEON | HASHPOOL |2 MINERS | EMCD.IO
Joining a pool can streamline your mining efforts, offering a more consistent payout.
Let’s zoom in on the cream of the crop—the mining machines that are setting benchmarks in 2024.
✓ Model: KS5 and KS5 Pro
✓ Algorithm / Cryptocurrency: kHeavyHash / KAS-Kaspa
✓ Hashrate: 21 TH/s ±3%
✓ Power on wall @25°C, Watt: 4000 ±10%
✓ Power efficiency on wall @25°C, J/T: 190 ±10%
✓ Power supply AC Input voltage, Volt: 200~240
✓ Power supply AC Input Frequency Range, Hz: 47~63
✓ Power supply AC Input current, Amp: 20
✓ Networking connection mode: RJ45 Ethernet 10/100M
✓ Miner Size (Length x Width x Height, without package): 430 x 195.5 x 290 mm
✓ Miner Size: 570 x 316 x 430 mm
✓ Net weight: 16.1 kg
✓ Gross weight: 17.7 kg
✓ Operation temperature: 0~40 °C
✓ Storage temperature: -20~70 °C
✓ Operation humidity (non-condensing): 10~90%
✓ Operation altitude: ≤2000 meters
✓ Manufacturer: iBeLink
✓ Model: BM-KS Max
✓ Release Date: February 2024
✓ Size Without Packaging: 340 x 190 x 293 mm
✓ Size With Packaging: 424 x 289 x 388 mm
✓ Net Weight: 12.2kg
✓ Voltage: 190-240V
✓ Noise Level: 75 dB
✓ Fan(s): 4x 5,000 RPM Delta
✓ Power: 3,400W
✓ Interface: Ethernet
✓ Operating Temperature: 0 – 45 °C
✓ Humidity: 0 – 95 %
✓ Warranty: 6 months manufacturer repair, parts or replace
✓ Manufacturer: Bitmain
✓ Model: Antminer KS3 (9.4Th)
✓ Release: August 2023
✓ Size: 195 x 290 x 430mm
✓ Weight: 16100g
✓ Noise level: 75db
✓ Fan(s): 2
✓ Power: 3188W
✓ Interface: RJ45 Ethernet 10/100M
✓ Temperature: 5 – 40 °C
✓ Humidity: 10 – 90 %
✓ KAS Hashrate: 200GH/s (±10%)
✓ Wall Power: 100W/h (±10%)
✓ Algorithm: kHeavyHash
✓ Dimension: 200x194x74mm
✓ Net Weight: 2.5kg
✓ Connection: Ethernet
✓ Noise Level: 10db
✓ With PSU: 100-240V AC
✓ Without PSU: 19-20V DC
✓ Operating Temperature: 0~35 ℃
✓ KAS Hashrate: 6TH/S (±10%)
✓ Wall Power: 3400W/h (±10%)
✓ Specifications: 6TH 3400W
✓ Dimension (with packaging): 490×300×400(mm)
✓ Dimension: 370×195×290(mm)
✓ Gross Weight: 17.1kg
✓ Net Weight: 14.4kg
✓ Connection: Ethernet
✓ Voltage Input: 170-300V AC
✓ Operating Temp: 0~35 ℃
Embarking on a Kaspa mining adventure in 2024 opens up a world of opportunities. With the right equipment, software, and mining pool, you can maximize your mining efforts and contribute to securing the Kaspa network. Remember, the key to successful mining lies in choosing the tools and resources that best align with your goals and capabilities. Happy mining!
The merging of Artificial Intelligence (AI) with Bitcoin mining is reshaping the cryptocurrency mining field. This blend is not just a step forward; it’s a giant leap towards refining the process of digital currency extraction. Ditching the jargon and keeping it real, let’s dive into how this integration is making waves across efficiency, maintenance, energy consumption, security, and market insights.
At the heart of this revolution is the smart use of AI to make mining operations more efficient. Imagine having a super-smart buddy who constantly tweaks your mining strategy based on what’s happening right now, ensuring you’re mining more while using less energy. It’s about doing more with less, cutting down costs and boosting what miners get to pocket. This is a win-win in anyone’s book.
Nobody likes surprises, especially the bad kind that involves mining rigs taking an unexpected nap. AI steps in as the crystal ball of mining, predicting when and what needs fixing before things go south. This means mining rigs are always in their prime, humming away happily and efficiently. It’s like having a mechanic on standby, but one that knows problems before they even happen.
In the quest to be kinder to our planet, AI is leading the charge in making Bitcoin mining greener. By figuring out the best times to mine, based on when energy is cheapest and most renewable, AI is helping to reduce the carbon footprint of mining. It’s not just about saving pennies; it’s about saving the planet.
In a world where cyber threats are lurking around every corner, AI is the superhero guarding the gates of Bitcoin mining operations. Quick to detect and neutralize threats, AI ensures the safety of the mining process and the treasure it uncovers. Think of it as having an elite digital security guard that’s always on duty.
Sailing the volatile waters of the cryptocurrency market without a compass is a no-go. AI lends miners this compass, offering insights into market trends and price movements that are like gold dust. This means making smart decisions about when to mine and sell, optimizing the chances of striking it rich in the crypto gold rush.
The integration of AI in Bitcoin mining is also fostering a stronger sense of community and collaboration among miners. Through shared data and AI insights, miners can work together, pooling resources and knowledge to tackle common challenges and optimize mining efforts. This collective intelligence approach is paving the way for more inclusive and efficient mining practices.
As AI reshapes Bitcoin mining, there’s a growing need to educate the mining community and the public about these advancements. Workshops, webinars, and online forums are becoming vital tools in spreading knowledge about the benefits of AI in mining, ensuring that more people can participate in this tech-driven future.
With great power comes great responsibility. As AI elevates Bitcoin mining to new heights, regulatory bodies are stepping in to ensure that this power is harnessed responsibly. The dialogue between miners, tech developers, and policymakers is crucial in crafting regulations that protect users and promote innovation.
While the benefits of integrating AI into Bitcoin mining are clear, widespread adoption will depend on overcoming challenges such as the high costs of AI technology and resistance to change within the mining community. However, as AI technology becomes more accessible and its advantages more widely recognized, we can expect to see a surge in its adoption across the mining industry.
The marriage of AI and Bitcoin mining is more than a mere technological upgrade; it’s a commitment to smarter, greener, and more secure mining practices. As we journey into this new era, the fusion of AI with cryptocurrency mining stands as a beacon of progress, promising a future where digital currency extraction aligns with the principles of efficiency, sustainability, and inclusivity. The road ahead is bright, with AI paving the way for innovations that we’re only just beginning to imagine.
What do you think? Ready to dive deeper into how AI is transforming the Bitcoin mining landscape? Let’s embark on this exciting journey together, exploring the boundless possibilities that lie ahead.
In the fast-paced world of cryptocurrency, a new mining boom is making waves, with the AMD Ryzen 9 7950X at its epicenter. The revival of interest in crypto mining, particularly for Qubic (QBIC), is more than just a flash in the pan—it’s a seismic shift that’s shaking up the hardware market.
The surge in Bitcoin’s value to over $72,000 has sparked a significant interest in the mining of altcoins, with Qubic (QBIC) being a notable beneficiary. This upward trend has led miners to reactivate their mining setups from 2022, diving back into the crypto mining scene to leverage the profitable opportunities that QBIC mining now presents. The allure of mining Qubic has been quantified through an analysis focusing on the AMD Ryzen 9 7950X, a powerful 16-core processor. This analysis reveals that, after accounting for the energy costs associated with its 170W Thermal Design Power (TDP), miners can anticipate a net gain of approximately $3 every 24 hours, showcasing the financial incentives available from mining activities.
This newfound enthusiasm for QBIC mining is rooted in the processor’s efficiency and the broader market dynamics influenced by Bitcoin’s price movements. However, potential miners should weigh several considerations before committing their resources.
The “Zen 4” architecture of the 7950X stands out not only for its impressive raw power but also for its engineered efficiency. This design philosophy makes it an attractive option for cryptocurrency miners, who have discovered that by applying slight underclocking and adjusting the power limits, they can maximize profitability. This fine-tuning allows for a harmonious balance between achieving high performance and maintaining the longevity of their hardware, a critical factor for miners looking to optimize their operations over time.
This strategic balance between performance and hardware preservation has propelled the 7950X into a position of high demand, leading to its quick disappearance from online retail spaces. The processor’s ability to deliver top-tier performance while also being adaptable for energy-efficient mining operations has made it particularly popular. This sudden spike in interest and subsequent scarcity highlight the processor’s appeal across various segments, emphasizing its dual capabilities of delivering exceptional computing power and facilitating efficient, long-term use.
Priced competitively between $550 and $600, the 7950X presented an unparalleled value proposition for CPU-based miners, especially those utilizing the QBIC miner. This software takes full advantage of the AVX-512 instruction set, a feature robustly supported by AMD’s “Zen 4” and the eagerly anticipated “Zen 5” microarchitectures. In contrast, Intel’s decision to scale back AVX-512 support in its consumer-grade processors has left AMD chips as the preferred choice for miners seeking to optimize their setups for QBIC mining.
While the 7950X finds itself in the limelight, its sibling, the 7950X3D, despite its higher price tag, doesn’t offer the same allure for miners. The 3D V-cache, a standout feature for gaming and professional applications, falls short in enhancing mining performance, which relies more on consistent CPU clock speeds across all cores—a feat the 7950X excels in.
As miners continue to scour the market for the best hardware to fuel their endeavors, it’s only a matter of time before other models in the Ryzen lineup, such as the 7900, 7900X, and the 7900X3D, join the 7950X in scarcity.
The Qubic mining craze underscores a broader narrative about the interplay between cryptocurrency markets and hardware manufacturing. As digital currencies evolve, so too does the demand for high-performance computing. The current shortage of AMD Ryzen 9 7950X processors is a testament to the unanticipated ways in which technological advancements and market dynamics can collide.
For miners, the race is on to secure the best hardware before stocks dry up. For AMD, the challenge lies in balancing supply with the surging demand. And for the rest of us, it’s a fascinating window into the ever-changing landscape of cryptocurrency mining—a realm where technology, finance, and human ingenuity intersect in unpredictable ways.
In the grand scheme, this isn’t just about a shortage of CPUs; it’s a snapshot of a moment in time where the digital gold rush is reshaping the technological world. As we watch the Ryzen stocks vanish, one can’t help but wonder: What will the next chapter bring for the world of cryptocurrency mining?
With the stakes higher than ever, the race to mine Qubic is not just a testament to the allure of cryptocurrencies but also a reminder of the relentless pace of innovation in the tech world. The AMD Ryzen 9 7950X may be the miner’s choice today, but the future holds endless possibilities, ready to be unearthed.
Welcome to the beginner’s guide to mining DogeCoin and Litecoin. As cryptocurrencies continue to gain popularity, mining has become an attractive option for many looking to enter the digital currency space. This article aims to provide you with a solid foundation to start mining these popular cryptocurrencies.
Mining DogeCoin and Litecoin is not just a process of using computer hardware to verify transactions on the network and adding them to the blockchain ledger; it’s a critical operation that serves as the heartbeat of these cryptocurrencies. By engaging in this computational contest, miners play a pivotal role in maintaining the integrity, security, and continuity of the network. This mining endeavor involves complex cryptographic puzzles that miners solve using specialized equipment. Successful miners help to prevent double-spending, a potential issue in digital currency systems, by ensuring that each transaction is unique and securely recorded on the blockchain.
This meticulous process does more than just secure the network; it also introduces new coins into the system, acting as a mechanism for distributing new cryptocurrency without a central authority.
Miners are rewarded for their efforts with newly minted coins, providing an incentive to contribute their computing power to the network. The reward system encourages a decentralized network of miners, which further enhances the security and resilience of the blockchain against attacks. As the difficulty of these cryptographic puzzles adjusts over time, mining remains competitive and equitable, ensuring that no single miner or group of miners can easily dominate the process. This dynamic and incentivized structure is fundamental to the decentralized nature of cryptocurrencies, fostering a robust and secure digital currency ecosystem.
To start mining, you’ll need to choose the right hardware, select mining software, set up a digital wallet, and consider your energy requirements. This guide covers each step to ensure a smooth start to your mining journey.
Selecting the Optimal ASIC Miner
When it comes to mining DogeCoin and Litecoin, selecting the right ASIC (Application-Specific Integrated Circuit) miner is crucial. Here are two recommended options:
The Bitmain Antminer L7 stands as a titan in the realm of cryptocurrency mining, particularly for DogeCoin and Litecoin enthusiasts. Engineered to deliver unmatched efficiency, it offers a formidable hash rate that oscillates between 9,050M and 9,700MH/s, allowing miners to achieve unparalleled peak performance in their mining operations. Optimized for the Scrypt algorithm—a cornerstone of both DogeCoin and Litecoin networks—this mining rig strikes a balance between power consumption and output, utilizing 3,425 watts to maximize profitability and operational efficiency. Beyond its technical prowess, the Antminer L7 is further distinguished by a 2-year Vipera CYCLESAFE™ Extended Warranty.
The Elphapex DG1 is another excellent choice for miners. With a hash rate of 11,000 MH/s and power consumption of 3420W, it offers efficient mining for LTC and DOGE. Its air-cooling system ensures optimal performance within a temperature range of 0~40°C. Despite its power, the DG1 operates at a noise level of 75 dB, making it suitable for home mining setups. It also features a 3-month warranty, highlighting the manufacturer’s confidence in the product.
Choosing the Right Mining Software
Selecting compatible mining software is vital for connecting your hardware to the DogeCoin and Litecoin networks. This section explores popular software options and guides you in choosing the best one for your setup.
Wallet Setup Essentials
Securing your mined DogeCoin and Litecoin is paramount. We’ll show you how to set up a digital wallet, emphasizing the importance of security measures to protect your earnings.
Establishing a Power Framework
Mining requires significant electricity. This guide offers advice on creating an energy-efficient setup, balancing power consumption with mining efficiency.
Joining a Mining Pool
Mining pools increase your chances of earning rewards. Learn how to choose a mining pool that aligns with your mining goals and resources.
Configuring Your Mining Hardware
A step-by-step guide to configuring your ASIC miner ensures you’re set up for success from the start.
Embarking on the Mining Journey
With your setup complete, it’s time to start mining. This section walks you through the process, from launching your mining operation to earning your first coins.
Mining DogeCoin and Litecoin can be a lucrative venture with the right knowledge and equipment. By following this guide and considering the recommended ASIC miners, you’re on your way to becoming a successful crypto miner. Remember, continuous learning and adaptation are key in the dynamic world of cryptocurrency mining.
The cryptocurrency mining landscape is evolving rapidly, with the demand for more powerful and efficient mining hardware skyrocketing. In this race to achieve the highest mining efficiency, the Bitmain Antminer KS5 Pro emerges as a frontrunner, setting new benchmarks for performance and power consumption.
The Bitmain Antminer KS5 and KS5 Pro are the latest additions to the mining world, designed to tackle the kHeavyHash algorithm for KAS-Kaspa cryptocurrency. These models boast an impressive hashrate of 21 TH/s ±3%, making them some of the most powerful miners on the market.
With a hashrate of 21 TH/s, the KS5 Pro stands out in the mining industry. This significant power means miners can process transactions and secure the blockchain network more efficiently than ever before. The importance of a high hashrate cannot be overstated in the context of cryptocurrency mining, as it directly correlates with the miner’s ability to solve cryptographic puzzles quickly and reap rewards.
The KS5 Pro is not only powerful but also incredibly efficient, with a power consumption of 4000W at 25°C and a power efficiency of 190 J/T ±10%. This balance of power and efficiency ensures that miners can maximize their profits while minimizing electricity costs.
We’re on the brink of a monumental shift in cryptocurrency mining, and here at Viperatech, we’re leading the charge. It’s with great excitement that we share news of the arrival of our first shipment of the eagerly awaited Bitmain Antminer KS5 and KS5 PRO. These state-of-the-art miners are redefining what’s possible in the industry, blending unmatched efficiency with extraordinary profitability.
The overwhelming interest these miners have garnered is a testament to their anticipated impact on the market. With only a limited stock of the Bitmain Antminer KS5 PRO and KS5 units left, urgency is key for those looking to secure a share in this lucrative opportunity. This demand is not only indicative of the market’s recognition of these miners’ value but also signals a growing trend towards more sophisticated mining operations.
Bitmain’s commitment to quality is further underscored by the 2-year Extended Vipera CYCLESAFE™ Warranty, offering miners peace of mind and protection for their investment.
As we announced, the first official batch of the Bitmain Antminer KS5 Pro is set to arrive at our warehouse on the 7th of March, 2024, and interest has been sky-high. The pre-release samples have already sold out, underscoring the intense demand for this groundbreaking mining hardware. With only 10 units each of the Pro and Non-Pro versions released ahead of this batch, these exclusive units were reserved on a first-come, first-serve basis and have now been sold out.
This is your moment to act. With allocations still available for the first batch, securing your order now ensures you won’t miss out on this revolutionary mining hardware. The window of opportunity is narrowing – secure your Bitmain Antminer KS5 Pro today and step into the future of cryptocurrency mining.
Bitcoin has rapidly bounced back from its sharp $10,000 drop, as wild volatility continues to test the mettle of traders. Despite the temporary plunge below $60,000, the latest trading data reveals a strong willingness among traders to bet anew on Bitcoin’s price exploration.
TradingView data illuminates BTC/USD’s impressive recovery, reclaiming more than half of its March 5th losses. This remarkable turnaround allowed Bitcoin to not only revisit but also surpass its November 2021 all-time highs. However, this resurgence came with its challenges, as whales set traps for over-leveraged traders, eagerly waiting to capitalize on late long positions.
Renowned Bitcoin enthusiast Hodlonaut shed light on the situation, emphasizing that the desire to own Bitcoin remained undiminished following the market shake-up. He likened the scenario to whales manipulating the market to prey on over-leveraged or less informed traders. CoinGlass data supported this narrative, revealing that the drop to nearly $59,300 on Bitstamp led to a staggering $1.17 billion in cross-crypto liquidations, predominantly affecting long positions.
The tumultuous market conditions prompted a reassessment of funding rates across exchanges, leading to what many saw as a much-needed reset from previously unsustainable levels. The open interest narrative echoed this sentiment, showcasing a rebound in line with Bitcoin’s price recovery after an initial significant drop.
Material Indicators highlighted ongoing whale activities, suggesting a potential recalibration of market expectations. A noticeable shift occurred on Binance, the world’s largest global exchange, where a block of bid liquidity moved upwards, possibly mitigating the extent of the correction from $69,000.
As the market continues to digest these movements, comparisons with Bitcoin’s late 2020 behavior, when it broke past previous all-time highs only to face a retracement, remain topical. This historical parallel offers a glimpse into potential future trajectories for BTC’s price, suggesting that current corrections might simply pave the way for healthier consolidation.
The recent market events underscore the complex interplay between whale activities, trader sentiment, and underlying market structures. These dynamics, while challenging, also highlight the resilience of Bitcoin and its community. As traders navigate these turbulent waters, the strategic positioning and recalibration of expectations suggest a cautious optimism for Bitcoin’s price trajectory.
In conclusion, Bitcoin’s journey is far from linear, marked by swift recoveries, strategic whale movements, and ongoing market recalibrations. As the cryptocurrency ecosystem continues to evolve, these events offer invaluable lessons on the resilience of Bitcoin and the importance of strategic, informed trading practices. The bulls have indeed charged through, but the road ahead remains as dynamic and unpredictable as ever.
The correction was a result of combined factors including market volatility, whale movements, and over-leveraged positions being liquidated.
Whales can significantly impact Bitcoin’s price by creating large buy or sell walls, influencing the market’s direction and potentially triggering liquidations.
Not necessarily. Many analysts view corrections as healthy consolidations that allow the market to stabilize before the next move upwards.
In the ever-evolving world of cryptocurrency mining, VIPERA Technologies is taking the industry by storm with our groundbreaking turnkey solutions. We are proud to introduce a game-changing service that will transform the way miners approach their operations. With VIPERA, you can now achieve hassle-free mining farm setups, including miners, containers, and immersion systems. Our services are not limited by geography, as we deploy expert teams to countries in the EU, GCC, North America, and beyond.
Cryptocurrency mining has become increasingly complex, requiring a broad set of skills and resources. VIPERA understands the challenges miners face in setting up and maintaining their operations. With our turnkey mining farm setup, we offer a comprehensive solution that covers every aspect of your mining venture.
Our experienced team of experts will work closely with you to understand your specific requirements and objectives. We don’t believe in one-size-fits-all solutions. Instead, we tailor our solutions to your needs, ensuring the optimal setup for your mining farm. Whether you’re an experienced miner looking to expand or a newcomer to the industry, we provide personalized guidance to ensure your success.
Navigating the complexities of local utility companies can be daunting, especially when negotiating favorable power agreements. VIPERA takes care of this process on your behalf, leveraging our industry connections and expertise to secure reliable access to electricity at competitive rates. We analyze your energy consumption needs and recommend the most cost-effective solutions, whether it’s traditional grid power or renewable energy sources.
Our top-notch engineering and design team specializes in creating mining farm infrastructures that maximize efficiency and minimize operational costs. We meticulously plan the layout, cooling systems, and electrical configurations to ensure optimal performance. Our focus on efficiency extends to the design of immersion systems, where we aim to significantly reduce energy consumption while maintaining optimal mining conditions.
VIPERA handles the logistics, from sourcing mining equipment to transportation and delivery to your chosen location. We ensure that your mining farm components arrive safely and on time. Our global network of suppliers ensures that you receive high-quality mining hardware at competitive prices. Our logistics experts manage the entire supply chain, so you can rest assured that your equipment will be ready for deployment as soon as it arrives.
Our skilled technical teams are deployed to set up your mining farm on-site. They ensure that all components are installed correctly and optimized for peak performance. We conduct rigorous testing to identify and address any potential issues before they impact your mining operations. Our commitment to quality extends to ongoing maintenance and support, ensuring that your mining farm continues to operate efficiently and reliably.
Navigating local regulations and permits can be a headache for miners. VIPERA takes care of all the necessary permitting and compliance requirements, ensuring a seamless setup process. We have extensive experience in dealing with local authorities and municipalities, and we ensure that your mining farm complies with all relevant regulations, zoning codes, and environmental requirements.
In the dynamic world of cryptocurrency mining, understanding the logistics and supply chain intricacies can significantly impact your mining strategy and bottom line. At Vipera, we’re committed to not only providing top-tier crypto mining hardware but also ensuring our customers are well-informed about the realities of global shipping practices. Here’s the lowdown on why crypto miners, especially those of high value like ASICs, are rarely shipped from the USA, and why Hong Kong plays a pivotal role in the crypto mining hardware market.
Hong Kong’s status as a free trade zone is a major component to its appeal for manufacturers and resellers of ASICs and crypto related hardware. Since the Crypto mining ban imposed by China in 2021– shuttering factories and driving investment from this industry elsewhere– manufacturers such as Bitmain and MicroBT was left with no choice but to quickly relocate their factories to Malaysia, Vietnam and Indonesia. Banking operations followed suit, centralizing around Singapore, Hong Kong, the United States and the United Arab Emirates. The special designation of Hong Kong allows for the minimization of import tariffs on large volumes of goods, a cost-saving aspect that is crucial in the highly volatile crypto market.
All manufacturers funnel their goods through a few select warehouses in Hong Kong, primarily the Debon Express warehouse, where it is common for resellers to then bid on incoming and existing palettes of goods. This process ensures that ASIC miners, especially high-ROI altcoin miners, don’t simply languish in transit or on shelves, depreciating in value and losing income daily.
There’s a pervasive myth that some resellers claim crypto miners are readily shipped from the USA, Canada, or even Europe. The truth is, if you’re receiving new stock from these regions, it’s likely due to a previous transaction “falling through” where are a large amount of miners were imported and either abandoned or not fully paid, or you’re dealing strictly with returned or used items. The reason for this is quite simple: resellers are wary of “holding the bag” so to speak on expensive inventory that might not sell or could drop in value overnight. If there are in fact brand new miners shipping from these typically ‘end-user’ regions, they are in all likeliness SHA-256 (BTC) ASICs as the price for these are fairly stable versus their altcoin counterparts. Plus, the logistics of importing goods of high quantity to the United States (27% for example) entails unavoidable heavy import tariffs and longer transit times, especially when sea freight is concerned, which can significantly eat into profits and revenue generation.
The exception to this general rule is Russia, where SHA-256 miners are regularly stocked there since the commencement of the Ukraine conflict to skirt around sanctions. Russians have hedged deterioration against the ruble and shaky economic prospects by mining Bitcoin as a sort of insurance policy, and trade with Hong Kong and mainland China is welcome and does not require sea freight.
The crypto market’s volatility plays a significant role in shipping logistics. Demand and the price of goods fluctuate daily, making it a gamble to stock large quantities of miners in any one location, which is especially true for high ROI altcoin miners. When values increase, products tend to sell out rapidly, leaving no room for stockpiling. These goods are typically shipped out directly from the Debon Express warehouse and are accounted for in most cases before they even arrive. This is a normal occurence for “futures” or “batch orders”. This ensures goods spend minimal time in transit and reduces the risk of depreciation.
To navigate the challenges of market volatility and logistics, Vipera leverages air cargo for shipping smaller batches of miners and can split orders on numerous waybills if orders exceed 5-10 units. This method allows for quick delivery without the hefty tariffs associated with larger shipments as goods are assessed on exit, not on entry. Additionally, we offer Delivered Duty Paid (DDP) options for air freight to certain countries, including the USA and UAE, further streamlining the process for our customers. We only use Fedex, DHL and Aramex.
At Vipera, we deeply understand the financial hurdles that import duties and tariffs can impose on our customers, especially those venturing into the dynamic field of cryptocurrency mining. This understanding drives our commitment to absorb these costs for shipments heading to North America, the GCC, and the European Union, ensuring a smoother, more predictable investment landscape for our clients. Our approach is designed not just to alleviate the burden of hidden fees but to empower our customers to focus on enhancing their mining operations without the worry of unforeseen expenses.
While this policy significantly reduces the financial strain on our customers, it’s important to note the potential for minor customs clearance brokerage fees, which may be collected by the carrier in certain regions. These fees are a standard part of the international shipping process, covering the services required to navigate goods through customs. Vipera’s initiative to cover import duties and tariffs highlights our dedication to transparency and customer support, aiming to foster a more accessible and less daunting entry into the world of crypto mining for enthusiasts and professionals alike.
Navigating the intricate logistics of shipping crypto mining hardware involves a delicate balance of strategic planning, understanding market dynamics, and mitigating financial risks such as import tariffs and price swings. Vipera stands at the forefront of this challenge, committed to offering clarity and effective solutions to safeguard the investments of our customers. Our mission goes beyond merely supplying mining equipment; we aim to be a steadfast partner, providing our clients with the insights and support needed to thrive in the ever-evolving cryptocurrency mining landscape.
This commitment means that when you choose Vipera, you’re securing more than just state-of-the-art mining technology; you’re aligning with a team that’s deeply invested in your success. We navigate the complexities of global logistics, market volatility, and regulatory hurdles, so our customers can concentrate on maximizing their mining operations’ efficiency and profitability. With Vipera, you gain not just a supplier but a strategic ally, dedicated to empowering your journey through the dynamic world of crypto mining. Whether one unit or thousands, Vipera is diligently committed to getting your expensive goods in your hands headache-free.
The reason Intel has decided to enter the burgeoning domain of cryptocurrency mining is obvious, as the industry blooms exponentially and settles a strong foundation with the United States now commanding the lion’s share of the world’s hash power, Intel wants a piece of the digital pie going forward.
Major brands, not solely based in the production of ASIC crypto miners, have been developing dedicated hardware for Proof-of-Work for at least two years now– Nvidia and AMD included. Nvidia’s CMP lineup of graphic cards, a collection of “reject” GA100 accelerators that did not meet quality control standards for whatever reason, probably due to insufficient dye characteristics, on their enterprise-grade offerings.
AMD followed suit when in mid-2021 they announced their own crypto-focused graphics card for the public market based on Navi-12, manufactured exclusively by OEM partner XFX.
However, both leviathans of the GPU market have limited themselves to what they do best, GPUs. Intel on the other hand has now forayed into another, albeit more saturated, direction. They’ve built chips for an ASIC (application-specific integrated circuit) miner to rival the likes of Chinese manufacturers such as Bitmain, Canaan, MicroBT and Innosilicon. Unfortunately, though, Intel’s reveal of the performance have fallen abysmally short of expectations. Intel planned to introduce a new “Ultra-Low-Voltage-Energy-Efficient Bitcoin Mining Asic” since 2018, and it seems the performance comes from that era as well.
Intel’s new ASIC miner is built with the aim of developing “the most energy-efficient computing technologies at scale.” How exactly Intel plans on doing this though is a little bit confusing and will be revealed in depth at the upcoming ISSCC conference on February 23rd. The idea Intel has is to develop specialized chips that require less power and fewer resources than traditional chips used in ASIC designs. However, it appears that although the intention is there, the final product is far from competitive in this regard.
The chip in question is dubbed the Bonanza Mine” (BMZ1) and is unique because of its small size, measuring just 7nm. Each ASIC from Intel will carry 258 of these individual mining chips to allow the ASIC to perform at 40TH/s with a power consumption of 3,600 Watts. This is a result that is not only far from desired, but most likely counterproductive. To put this in perspective, Bitmain, one of the leading ASIC manufacturers has recently announced its new next-gen model to the public, the S19+ Hydro. It is a liquid-cooled closed-loop design capable of up to 198TH/s at just 5,448 Watts.
It doesn’t take a mathematician to see how skewed these numbers are. Intel, the company with an apparent focus on “the most energy-efficient computing technologies at scale” has missed the mark here with an ancient processing method. Keep in mind though, that Bitmain’s offering is out of reach for the common amateur miner, with a minimum 195 unit order quantity and a required HK3 AntSpace wet-dry stack container clocking in at a $3.4M investment. Further complicating matters for this new unit is Bitmain’s insistence that if miners are used outside of this liquid cooling container ecosystem, they will not honour any warranties or provide service.
Intel’s BMZ1 is only able to produce the hashrate at an increased power consumption of Bitmains S19+ Hydro. Why Intel would even release this product is unbeknown to many in the crypto industry, maybe it is being used as a signal, to show how the times are changing and how Intel are attempting to get on board, but most likely, it is a failed first attempt to do something worthwhile. Power is a big concern in the mining industry, last year the world’s
crypto mining production used more energy than it takes to power Argentina for an entire year. This is why companies are working tirelessly to produce more power-efficient processes. Intel appears to have the right focus in mind. The only hope is that in due time, Intel can prove us all wrong, and actually produce a dramatic change in the power to hash ratio of the industry, and more importantly, availability.
The dark horse in all of this of course is the cost per terahash. If Intel is able to provide an ASIC for around $1,500, severely undercutting the \ cost-per-terahash by the current manufacturers, there is a valid case to be made for Intel’s entry.
Rumours have already surfaced of a BZM2 in production, and Intel has apparently even received orders from large tech giants such as Jack Dorsey’s Block (previously Square). Does this seem like a good investment to make? Depends again on the cost of acquisition. However, increasing interest often drives innovation that thus far, especially in terms of SHA256 Proof-of-Work machines being cornered by less capable marques charging 4-5x MSRP, we welcome Intel to the stage.
