Cryptocurrency Mining and Hardware Prices

Crypto Hardware Prices Change Reasons

We will explore the reasons behind these price changes and what you can do to stay ahead of the curve.

Supply and Demand

The availability of hardware and the level of demand for it can have a big impact on its price. The most common reason for cryptocurrency hardware price changes is supply and demand. When demand for a particular cryptocurrency mining hardware model is high, the price will go up. Conversely, when demand is low, the price will go down. This is a basic principle of economics that applies to all markets, and cryptocurrency mining hardware is no exception.

Cryptocurrency Prices

The prices of cryptocurrencies can also impact the prices of cryptocurrency mining hardware. When the price of a cryptocurrency goes up, miners can earn more money by mining it, which increases demand for hardware. As a result, the price of the hardware can increase. Conversely, when the price of a cryptocurrency goes down, demand for mining hardware can decrease, causing the price of the hardware to fall.

Technological advancements -

Competition Competition among cryptocurrency mining hardware manufacturers can also impact prices. When a new model is released, it may be more efficient or cost-effective than previous models, which can make it more attractive to miners. As a result, other manufacturers may need to lower their prices to stay competitive. Conversely, if a manufacturer is the only one offering a particular model or feature, they may be able to charge a premium price.

Market Uncertainty

The cryptocurrency market is highly volatile, and prices can change rapidly based on a variety of factors, including government regulations, market sentiment, and news events. This can create uncertainty and cause miners to hold off on purchasing new hardware until they have a better understanding of where the market is headed. This can lead to a decrease in demand for mining hardware, which can cause prices to fall.

Manufacturing Costs

Changes in the cost of materials and production can also affect the price of crypto hardware. For example, if the cost of the components used to build a mining rig increases, the price of the finished product may also rise. It’s important to keep in mind that the market for crypto hardware can be quite volatile, so prices can change rapidly. It’s always a good idea to do your research and keep up-to-date with the latest developments in the market before making any purchasing decisions.

Due to the recent circulation and impact of COVID-19, we regret to inform you that the ANTMINER (KA3/K7/HS3) order you purchased will experience a slight shipping delay.

We are supposed to receive in January and all customers will start to receive their orders in sequence as soon as we receive from  the manufacturer.

We will continue to keep you informed about the status of your order. If you have further questions or inquiries, please feel free to contact us.

Once again, we apologize for the inconvenience caused, and thank you for your understanding and support!

CLICK TO DOWNLOAD: Optimized firmware for Antminer S19, S19 Pro, S19a, S19a pro, S19j, S19j Pro, and T19!

Bitmain Firmware Upgrade Release 2022.12

So, you’ve got some crypto… but what if you do not want to use traditional methods of transferring it? What if you do not want to store your funds in an online platform (hot wallet) like Coinbase or Binance? That is where hardware (cold) wallets come in.

Cryptocurrencies are changing the world by disrupting industries, creating new opportunities, and shaking up the way we see money. One of the most important aspects about cryptocurrency is empowering common people to have full control of their finances, and how they transact with each other for goods and services. Hardware wallets allow you to store your cryptocurrencies offline, which is essential for those who want to keep their funds away from banks, governments and institutions who want to mitigate flow and observe activity.

What is a hardware wallet?

A hardware wallet is a physical device that securely stores your cryptocurrencies offline. Hardware wallets are often considered the most secure way to store your cryptocurrency, as they rely on cryptography rather than an online server using different security measures like OTP, passwords and various forms of KYC (know your customer) measures. Hardware wallets secure cryptocurrencies and allow users to privately store their coins. They come in various forms, from desktop wallets to mobile wallets, but all work by encrypting user data into a protected format and storing it on the device. A seed phrase or private key is used to access your wallet. Losing the wallet and or seed phrase will make recovery impossible.

Additionally, hardware wallets such as Cryptosteel Cold Storage Shamir HODL Pack and the Eillipal Titan feature unique passphrases and clever backup mechanisms that make them difficult to steal or lose which solves the risk factor of misplacing or losing your wallet or phrase to a degree.

What if I lose my hardware wallet? Built-in Redundancy.

As long as your seed phrases are backed up, there is no need to worry about losing your crypto wallet or it getting stolen. By putting your private key into a new wallet, you can quickly make a new wallet and recover your coins. A good way to do this is to store the seed phrases on an offline external storage device such as the Cryptosteel Cassette Solo or the Cryptosteel Cold Storage Shamir HODL. You can store your key physically and retrieve it whenever you want and even if you lose your original wallet, you can still restore it. 

Cryptosteel Cassette Solo is a pocket-sized device made of stainless steel designed to securely store the alphanumeric data of your choosing without the need for specialized skills or the involvement of a third party. Each piece of hardware comes with its own set of tiles made of stainless steel, and those tiles are inscribed on all sides. Manual construction of codes and passwords is performed using the characters provided, some of which are chosen randomly. You can secretly store sensitive information of up to 96 characters’ worth in a short time, ensuring your data’s complete confidentiality. This incredible and easy-to-carry hardware crypto wallet is all you need if you are a cryptocurrency holder. The original offline metal backup design is lightweight, sturdy, and secure. No third-party involvement is needed, and users can protect their data.

Cryptosteel Cold Storage Shamir HODL Pack is a set of five Cryptosteel capsules and a Trezor Model T hardware cryptocurrency wallet is included. HODL is short for Hold On Dear Life, trying to attract long-term cryptocurrency enthusiasts. The Cryptosteel Capsule is the industry-leading device for seed phrase backup, offering protection against the malfunction of memory devices, loss of data, or damage caused by the environment. If you have a cryptocurrency holder, friend, or family member, there is no better gift than this sleek Cryptosteel Cold Storage Shamir HODL Pack. This cold storage unit is equipped with state-of-the-art technology. It is based on the SSS backup system invented by Professor Adi Shamir, co-creator of the Rivest–Shamir–Adleman (RSA) algorithm and inventor of differential cryptanalysis.

Both of the above products are compatible with BIP39, which allows you to use a language-based mnemonic phrase if you lose or lose access to your wallet.

Crypto hardware wallets are a great way to keep your cryptocurrencies safe and secure. They allow you to safely store your coins offline, which is great if you want to avoid the risks associated with online storage. Once you have a crypto hardware wallet, you can use it to store any cryptocurrency. Most hardware wallets currently support Bitcoin, Ethereum, USDT and other major altcoins. Overall, a crypto hardware wallet is an important tool for anyone looking to protect their investments offline, preventing any loss from “hot storage” platforms that in the past have collapsed (Mt Gox). It is easy to set up and use and can help keep your coins safe from hackers and prying eyes.

What is immersion cooling?

As far as computing efficiency goes, immersion cooling has tremendous upsides but has had a misunderstood upbringing in the technosphere. It has recently garnered great interest for high-stakes cryptocurrency mining. Processors and chips that are in a constant state of operation, generating substantial amounts of heat, can be cooled most effectively and safely by being submerged in a thermally conductive dielectric fluid. During the process, the heated fluid is passed over heat exchangers and plates that are affixed to radiators or fans, much in the same way an air conditioner works.

How does it benefit my ASIC?

There are four main reasons for going the immersion cooling route.

Durability – The miner will be able to withstand higher temperature outputs with a lower possibility of damage to any connected hardware. The added reliability of the hashboards and longer lifespan to components is a consideration that would otherwise wear down quicker due to the rigorous forces and poor heat dissipation of standard air-cooled solutions.

Noise – Immersion cooling systems are practically silent in comparison to air-cooled solutions, which can screech at 80 decibels. The coolant does not need to undergo any active refrigeration process or pressurization. Since the coolant is maintaining a consistent temperature, it can be circulated by the system’s pipes and pump freely without risk.

Maintenance – Keeping the tank clean and operating smoothly is never a hassle as the system is fairly isolated from outside elements such as dust or debris, eliminating the consideration of dust or dirt clogging vital components and obstructing airflow.

Performance – With upgraded firmware, fan rpm simulation spoofers, and improved power supplies– an ASIC is able to achieve overclocked hashrate figures between 30%-60%, drastically speeding up return-on-investment.

Enter the FogHashing C1 & B6D

To purchase the C1 Kit:

The quiet but highly-capable Foghashing C1 is curated specifically for ASIC home mining. The C1 combined with its powerful dry cooler makes overclocking easier and provides mainstream miners with the optimum performance to go 20% – 50% above the hash rate. Its more capable twin, the Foghashing C1 ultra edition provides a working environment for ambient temperatures exceeding 40°C and allows for more overclocking and comes with its own modified dry cooler.

With its precise temperature-controlling abilities and high cooling efficiency, a lower fault rate is guaranteed along with little maintenance, high stability and long life of an ASIC surpassing 5 years of operation. The C1 is compatible with most ASIC models in the market, holding 1 unit of Antminer S19 or Whatsminer M50 for example.

Fog Hashing B6D Ultra Immersion Cooling Tank

B6D Dry Cooler
Outer Size	1569(L)*952(W)*440(H) mm
Heat Transfer	30KW@30°C
Weight	117kg
Input Voltage	3-phase 380-415V 50/60Hz
Operating Temperature	-10°C – 40°C
Cooling Capacity	14L
Power	580W x2
Air Volume	13000m3/h
Pipe Diameter	580W x2
Pipeline	DN25
Noise	5m x2

The Fog Hashing B6D immersion cooling tank comes with, the B6-30kW and a dry cooler, capable of holding up to 6 miners. An efficient and economical solution, the B6D allows you to overclock and extract the most hashing performance out of your ASICS. This cutting-edge tank is most convenient for professional small to mid-scale mining operations and can be stacked and grouped on the B6R rackmount system.

Using only fluid circulation, the B6D tanks eliminate the exchange of secondary heat.

Manufactured for high-heat environments, the miner is able to function normally up to 40°C. Additionally, its cooling capacity will precisely adjust according to ambient temperature change and automatically adjust the fan speed to achieve dynamic energy-saving, providing a seamless overclocking and cooling experience.

Fog Hashing BC40 and BC20 Immersion Cooling Container

	BC40	BC20
Size	12192x2438x2896 mm	6058x2438x2896 mm
Amount of machines	252 mining machines	108 mining machines
Input Voltage	3-phase 380V or 415V 50/60 hz
Power load (max)	1.6MW (Overclocked)	0.7MW (Overclocked)
Output Voltage	200-240V, 50/60hz
Network	100 Mbps Ethernet switch
Ventilation	Exhaust fans *4
External Cooling	Closed water cooling tower
Certification	UL Classification / CSG
Ambient Temperature	-5°C-40°C
Channel Width	1m safety and maintenance channel

The Fog Hashing BC40 and BC20 container deployments approach offers ready-to-deploy turnkey solution for medium to large scale mining operations. Built to last, the container is designed for more than 10 years of continuous operation and can withstand strong winds even up to 60 m/s.

 

The container is able to automatically adjust to ambient temperature changes, become energy efficient at different times of the year and reduce PUE to lower than 1.03. The IPXS waterproof requirements are met along with emergency protection in case of power and/or water failure, ensuring your safety needs. The container’s harmonised integration with a refrigeration system, includes a VFD speed pump set, water storage, water processor, and IoT sensor. This allows for optimal use, designed to save downtime and make the most of container space. All major settings can be configured remotely via phone or desktop browser.

 

The clever use of a closed-circuit DWT-T cooling tower – which uses evaporative water cooling for water cooling is more effective and more economical than any other way available in the market. This feature allows the water to be recycled better while having low operation and maintenance costs.

 

Both containers BC20 and BC40 containers are highly dense with quick and flexible deployment that can hold hundreds of miners. The only difference between the two is size and capacity.

 

BC40 – 40 foot container: Can hold 252 ASIC miners and 1.6MW max. 14* B6R racks

 

BC20 – 20 foot container: Can hold 108 ASIC miners and 0.7MW max  6* B6R racks

 

Viperatech offers a range of above cooling immersion kits by Fog Hashing at competitive pricing with full installation guidance and no import duties for North American, GCC and European buyers.

What is the Bitmain Antminer KA3?

 

Over the past few years, the cryptocurrency industry has been evolving at breakneck pace, meeting new highs of computational power matched with increasing network saturation. Projects seemingly emerge weekly, and one project in particular, Kadena– a New York City based brainchild of two former blockchain division employees of JP Morgan and the SEC– is now set to revolutionize the future of proof-of-work and has been referred to as the next cryptocurrency to be benchmarked against Bitcoin and fill the hashrate void left by Ethereum, which has now successfully transitioned to proof-of-stake rendering the coin unmineable.

 

The leading manufacturer of POW ASICs, Bitmain, had organized a launch event for the ANTMINER KA3 in late September, 2022. Previously it was only available through colocation contracts with HashFrog, but that offer was quickly superseded by an announcement they would release units to the general public in very limited quantities at a paltry $5,300 USD. Antpool and HashFrog co-hosted a keynote event which the growing confidence in the Kadena ecosystem and future prospects for its mining profitability. The race to acquire these machines was on.

 

The ANTMINER KA3’s specifications were shared, offering a remarkable 166T hash rate performance, marking a significant upgrade over the output available from the nearest comparable. Goldshell’s top-tier KD MAX only offers 40.2T, and is priced substantially higher. The new ASIC release impressively brings efficiency to a new industry standard then of 19 J/T as far as the Blake2S algorithm is concerned.

 

The KA3 incorporates the design from BITMAIN’s somewhat aging 19 Series flagship range that offers advanced air-cooling heat dissipation and software management. It utilizes the groundbreaking 5nm chips used currently in the S19 Hydro and S19 XP lineup, a major step up versus the Goldshell model offering.

 

Estimated Mining Revenue of the ANTMINER KA3 as of publishing.

Why the rapid price fluctuation?

Pre-orders for the KA3 from resellers were strategically priced starting around $6,300 USD when Bitmain made their announcement of $5,300 for public sale. Taking into account $67.56 of profit per day it would mean that the return on investment would only take 148 days, which puts it at the top of the scale. In a nutshell, the KA3 is currently the most profitable ASIC miner on the market by a wide margin.

It has come to our attention, but not as a surprise,  from customers who have approached us who had pre-ordered the KA3 from resellers who did NOT secure any units in advance from Bitmain, miscalculated the anticipation of the KA3 production quantity and demand, and ultimately had no intention to honor their customer’s orders. By not securing stock from Bitmain using their own funds, but the funds of others, many executed immediate refunds to their customers to sell pre-orders at double the price to the next highest bidder, and values of the model have been climbing since October 1st. Goldshell did not flinch on this manipulation either– the prices of their KDA miners have not decreased, and in fact, increased during this time slightly.

Prices doubled the day the online Bitmain.com sale of the KA3 sold out within 40 seconds on 10am, October 1st 2022. Unscrupulous resellers also did not plan for any abrupt increases in Kadena yet to be realized, which will cause resellers to return and cancel pre-orders even at the doubled and tripled values, prompting them again to release units at a higher price to a different customer, repeating the cycle of greed. Similar “interest-free loan” schemes took place during the launch of the Antminer L7 and with the Antminer E9 to a certain degree, with the latter not being confirmed by Bitmain yet pre-orders were being collected at least 1 year in advance from unsuspecting customers.

We want to make it clear Vipera does not support this dishonest and unethical conduct on the part of our competitors. Our price is indicative of the quantity and value we have secured in advance with Bitmain long before this price manipulation occurred and ruse of an extremely limited, unattainable online-only sale by Bitmain was conducted– perhaps to send a message to rival manufacturers such as Goldshell and IBeLink. We are dedicated to locking in your order at FAIR market value based on demand and comparison with top-tier Goldshell KDA ASICs—which have not lost value as a result of these confusing KA3 preorder activities. For increased security and peace of mind, legal purchase agreements are to be signed stating all terms, and we accept credit card payments. In addition, we provide a 1-year extended warranty on your KA3, instead of just 6 months. Lastly, we absorb all import duties so you don’t have to, instead of being on the hook for 27.3% of the total if purchased elsewhere (including Bitmain) on full declared value.

MicroBT, one of the world’s leading ASIC manufacturers held its Whatsminer M50 series launch on April 06 this year at the Bitcoin 2020 event in Miami, USA, and the announcements were both bold and optimistic.

To start, MicroBT released three new models of ASIC miners into the market. The new models, dubbed M50, M50S & M53 are the most efficient, highest-performing ASIC miners from MicroBT to date. The upgraded series come equipped with a smaller, 5nm processor instead of the industry standard 7nm processors traditionally used in ASIC designs. This leads to a smaller surface area, lower heat buildup and a 15% increase in efficiency. The chips come from an impressive partnership with electronics giant, Samsung, and will be a key aspect of MicroBT’s growth over the next few years. Samsung has been making processors for ASIC manufacturers like Bitmain for several years now and even speculate about a 3nm chip in the near future, something MicroBT would hope to secure.

The M50 and M50s ASIC models employ highly efficient air cooling systems to help maintain stable, low temperatures whilst the M53 utilizes a liquid cooling system, a technology that has only recently found its way to ASIC miners.

The M50 is capable of 114TH/s at 3306 watts, equating to 26 Joules per Terahash. This provides a small but incremental increase, roughly 5%, over MicroBT’s previous flagship model, the M30s++ and is set to offer better stability than its predecessor.

The M50S is everything the M50 lives up to with a bonus 12TH/s in additional hash power. Capable of 126TH/s at 3276 watts the Joules to Terahash ratio is 26. This is a 15% increase in efficiency and gains from the M30s++ and is set to become MicroBT’s affordable and powerful option for clients around the world.

However, the new flagship model ASIC miner from MicroBT is the M53. Upgraded with liquid cooling technology, the M53 can reach 226TH/s at 6554 watts equating to 29J/th. MicroBT is the second ASIC manufacturer so far to use liquid cooling technology and the impressive gains in hashrate will surely move competitors in the same direction. The liquid cooling tech will provide heat recovery for the ASIC miner during operation with little noise, no dust accumulation and a lower failure rate than previous models.

Mass production is currently underway and MicroBT has announced they will be ready to distribute roughly 30,000 units per month as early as Q3 of 2022. MicroBT is also focusing on adding more to their offering by implementing an after-sales care package that includes instant online technical support, 1 on 1 online repair training, 6 authorized repair locations with 5 more being added this year and the first-ever 1-year warranty in the crypto industry.

MicroBT’s Whatsminer ASICs are an attractive option for Bitcoin mining and the Samsung partnership, after-sales service and high-quality miners will allow them to maintain their position as one of the world’s leading ASIC manufacturers.

With affordable options, an outstanding management platform, solid uptime reliability and a serious value proposition for larger-scale operations with cheaper power costs, it’s no wonder crypto mining farms like Bitfarms employ the use of MicroBT ASIC Miners. Generally cheaper and more reliable than Bitmain and Canaan, Micro BT positions itself as an attractive alternative to competitors in the industry.

We are happy to announce pre-order opportunities will open in May. Please use the inquiry form below to request more information and get your name on the pre-order list.

An exclusive new crypto mining card released from Nvidia is being featured on Viperatech’s (Vipera LLC) website, sources say that this new GPU based mining card is in extremely high demand.

Nvidia has released several dedicated crypto mining GPU’s in the last year as they attempt to grow in the crypto mining demand as well as maintain a stable stock of GPU’s for the gaming industry. The move is a smart choice considering the popularity of GPU mining and the lucrative opportunity to market a product specifically to this industry.

The new GPU, dubbed the CMP 100HX is a repurposed Volta-based TITAN V, which was the only consumer offering featuring a GV100 GPU with lower clock speed and reduced memory. The Titan V is Nvidia’s flagship driving force behind artificial intelligence because of its incredible technological advantages and now the powerful tech is being re-utilized to mine for increasingly difficult crypto algorithms. The NVIDIA TITAN V has the power of 12 GB HBM2 memory and 640 Tensor Cores, delivering 110 teraflops of performance. Plus, it features Volta-optimized NVIDIA CUDA for maximum results.

The CMP 100HX repurposes this design and high-end tech to the best of its ability, removing video output from the card and maximizing its power efficiency and possible hashrate. The GPU has a passive cooling heatsink design, used only for server/data centre environments and enclosures with active high RPM external air cooling. Similar to the other Nvidia CMP lineup, there is no video output. It features 6GB HBM2 Memory and a very efficient power draw of 135 Watts (tested).

Currently, this product is priced under $1800 (USD) on Viperatech.com, which is a low price point for the CMP line from Nvidia.