Bitmain, the renowned producer of crypto ASIC mining equipment, has dispatched the inaugural batch of its KS3 Antminer devices. Each unit costs $49,800, and Bitmain’s entire initial inventory was quickly purchased, leading to the announcement that a subsequent batch of KS3 Antminers would soon be made available.
As Hashrate of Kaspa Increases, Bitmain Initiates Shipping of KS3 Antminer Line
On Monday, Bitmain revealed that it had sent out the first series of KS3 Antminer machines, specially designed to mine kaspa (KAS), a cryptocurrency currently ranked 45th by market capitalization. Available information indicates that the KS3 miner is presently the most lucrative mining ASIC. According to asicminervalue.com, the device can generate a daily income of approximately $440 through KAS mining.
The speed at which Bitmain’s unit sold out has established it as the firm’s most costly item ever. With each rig priced at $49,800 and delivering a processing velocity of 8.3 terahash per second (TH/s), the company’s Monday statement hints that the miner may reach 9 TH/s. Although this machine is Bitmain’s most expensive Antminer, a filecoin (FIL) miner at $38,888 was recently launched, marking it as their second most expensive ASIC.
State of the Kaspa Cryptocurrency Market
At present, the crypto asset KAS maintains a market capitalization of around $852 million, and its value has increased 13.9% against the U.S. dollar in the last month. As of Monday, about 35 mining pools are contributing hashrate to the Kaspa blockchain, with data showing a total of approximately 12.36 petahash per second (PH/s) of Kheavyhash hashrate.
From April 4, 2023, to August 21, 2023, the Kaspa hashrate has seen a dramatic shift.
The Kheavyhash algorithm, specifically crafted for KAS mining, ensures quick block creation times within the Kaspa network, generating a fresh block every second. Essentially, this consensus algorithm is a sophisticated version of the Heavyhash algorithm. Although the algorithm tends to favor being core-dominant, allowing GPUs to mine KAS, the utilization of an ASIC significantly amplifies profitability.
Leading the mining of KAS is F2pool, seizing 2.57 PH/s of the network’s total hashrate, followed by Kaspa Pool at 2 PH/s, and Hum Pool at 1.85 PH/s. The overall hashrate of the network has seen an impressive rise from 777 TH/s on April 4, 2023, to the current 12,360 TH/s (12.36 PH/s), reflecting an approximate 1,490% growth in Kaspa’s hashrate over the last four months.
The launch of Bitmain’s first batch of KS3 Antminers marks a significant event in the crypto mining space. The comments section below is open for readers to share insights and perspectives on this topic.
Frequently Asked Questions (FAQs) about KS3 Antminers
What is the KS3 Antminer and who has released it?
The KS3 Antminer is a cryptocurrency mining ASIC device designed specifically to mine Kaspa (KAS), and it has been released by Bitmain, a renowned producer of crypto mining equipment.
How much does each KS3 Antminer rig cost and what is its processing speed?
Each KS3 Antminer rig is priced at $49,800, boasting a processing speed of 8.3 terahash per second (TH/s), with Bitmain’s post suggesting the miner can clock 9 TH/s.
What is the market position of the crypto asset kaspa (KAS)?
Kaspa (KAS) ranks 45th in market capitalization and its value has surged 13.9% against the U.S. dollar over the past month, with a current market capitalization of about $852 million.
How has Kaspa’s hashrate changed recently?
The network’s cumulative hashrate has witnessed a significant increase from 777 TH/s on April 4, 2023, to its current 12,360 TH/s (12.36 PH/s), translating to a roughly 1,490% uptick in the Kaspa hashrate over the previous four months.
Who are the leading mining pools for Kaspa, and what is their hashrate?
F2pool leads in mining KAS, capturing 2.57 PH/s of the network’s total hashrate, trailed by Kaspa Pool with 2 PH/s and Hum Pool with 1.85 PH/s.
What is the Kheavyhash algorithm, and how does it relate to KAS mining?
The Kheavyhash algorithm, tailor-made for KAS mining, powers swift block generation times on the Kaspa network, producing a new block every second. It’s a refined take on the Heavyhash algorithm, allowing GPUs to mine KAS, but ASICs like the KS3 can yield considerably higher profits.
More about KS3 Antminers
- Bitmain’s Official Announcement of KS3 Antminers
- Current Market Data for Kaspa (KAS)
- ASIC Miner Value Report on KS3 Miner Profitability
- Kaspa Network’s Official Hashrate Statistics
- Overview of the Kheavyhash Algorithm