“The Entity” Radiant RXD ASIC Miner is releasing next week… are you going to buy one?

hey guys red pen rning here hope you're doing well having a really great day we got a pretty big announcement from radiant you guys know radiant that was a coin that we were mining with gpus back in the day and now there was this big entity that came about I think as April 24th as when they turned on and it was a massive amount of hash rate that turned on v.net and I made this post back on April 30th and I just want to say I dubbed The Entity it was me okay I was the first person to call them out on the entity and thank you Mr one of my mods my my Mod's helpful Crypt Miner on my Discord who showed me the massive hash rate that came on uh on radiant that day and also happened with kylo coin happened with alium during the same time as well so anyways okay besides the point radiant on their Discord they announced okay here I'm going to read it here and there's a bunch of food for thoughts that I want to talk about here uh potentially which model or which entity which manufacturer is the one who may have come out with this uh you know radiant Asic minor so anyways dear radiant Community we have an exciting update that marks a significant milestone in our journey the moment we have all been waiting for has arrived the mysterious entity that has been contributing to our network security has officially revealed their identity to us yeah after about four or five months of mining anyways after much anticipation we are thrilled to share that a company in the crypto mining industry has confirmed their involvement in securing the radiant Network they have played a crucial role in elevating our hash rate and ensuring the robustness of our blockchain as6 are coming in an exciting development the manufacturer has also confirmed that they will begin selling their radiant as6 on their official website in approximately one week this is a Monumental step forward for our ecosystem as these as6 will further decentralize and strengthen the network opening new opportunities for Miners and investors alike yeah after four or 5 months on mining with them anyways stay tuned for more updates we'll get ready to be part of this new chapter in Radiance history as soon as the manufacturer posts a new announcement from their side we will forward it here to the Discord community so that they will be the first orders in and you will know who the manufacturer is thank you for your ongoing support and commitment to the radiant Community together we are building Radiance future okay all right I got a lot I want to go through to unpack throughout this video just also speculating on I guess what type of hash rate these miners will have so okay going back to the beginning we've we've saw this entity turn on back on April 24th 2024 this year so that's about good four or five months away back then okay so ever since then they've had about 95 to pretty much 99% of the hash rate now on VIP or.net and I think Midway they also moved over a hash rate to hum poool I don't have the screenshot of it but they moved over some to hum poool because just to I guess decentralize the hash rate in quotes decentralize which is basically spreading the hash rate over so they don't like the in theory 50% uh you know 51% attack the network which anyway 196.7 terahash okay and looking at into this minor I also did backtrack looking at the the rich list and I think coinex exchange uh this address here I was following it where this address was majority of I think all of their payments that were going out uh they were going to coinex this address here okay which is an exchange so if I you know zf5 we just correlate that this is the address on v.net and looking at their transactions here that are leaving so let's just say recently okay it looks like they're going like every couple minutes this address look at that it goes to that coinex exchange okay so whether or not they're selling or holding it on their exchange there I don't know okay so just to give that disclaimer there anyways moving along just looking at the now potential of what these Asic miners that they're going to sell next week their average hash rate on v.net here shows about 422 gigahash okay uh 500 gigahash almost 500 440 3 489 so there's quite a bit of variance here and I don't know if they're you know okay if this is an Asic okay if it's going to be a fpga like a clustered fpga that we've seen with you know uh super scaler uh k2s or k1s or whatever they're called k10s sorry and uh I have a coal engine P2 which I believe is uh super scaler as well anyway um that that coal engine P2 is just basically clustered fpga chips but it's made into an Asic shell okay I don't have a picture of it here but now who is going to be the manufacturer okay that is the one that we're just going to speculate on here who is going to sell these as6 in a week now I don't know okay I I don't believe it's going to be ice River I don't believe it's going to be bit M um my guess is you know back then a couple months ago my guesses were some type of fpga manufacturer because we saw that this this entity was not only mining radiant but also mining kylo coin and also alium three different algorithms so in my head I was thinking you know this is this this can't be a an Asic you know a specified Asic chip right application specific n uh integrated circuit so that's supposed to only mine one coin but here here we have three different algorithms that you know we've seen this entity on and now more recently we saw them on pin and also Carlson and uh a few other coins that are Carlson hash p and hash right two different algorithms there so they have the ability to switch over to these other coins here but I don't know if it if it's a uh you know some type of people were saying there could be some some type of s so similar to like B giant miners back in the day that's all here say but anyways I was think guessing that they could be super scaler maybe hash altcoin um coal engine I think is the same as super scaler maybe sqrl maybe it's IB link and Bal maybe Bal is coming back in the game I don't know but IB link and like gold shell these are Asic manufacturers so I don't think they would have the ability or even look at the you know the investment like ice over and bitm like I don't think it's ice River or bitmain because they wouldn't invest in such a small cap coin essentially so that's where I was thinking like more so in ter in lines with an fpga bit streams but if they're making this into an Asic okay it's just going to be a manufactured hash boo that has fpga chips in it then has the ability to mine other coins in that large scale I don't know maybe not who knows I'm just speculating but is it XY linkx is it Altera okay these are more so fpga manufacturers more specified fpga manufacturers that are not in like I guess more so made tailored to crypto mining but tailored to regular type of workload environments out there not for crypto mining but more so that's why I was thinking like is it hash altcoin super scaler maybe or is it some new unknown Chinese entity that we don't know okay and you can see some numbers here I just randomly put it in I don't know what price it's going to be I don't know what the power consumption is going to be you know I put bit main 500 ghash 3200 Watts you know I just put some random numbers here just take it with a grain of salt okay so but I I I don't know if it's going to be any of these companies here manufacturers but my guess is it's going to be someone potentially new that we've never heard of okay so that's where I'm going to go with that and then yeah so let me know what you guys think of who it's going to be um how much hash rate it's going to be power consumption what not um with its variance I've seen here on the on the pool side something tells me it's going to be a type of fpga but it could be an Asic who knows but I'm going to lean towards more of an fpga and it's going to be made into an an Asic uh shell pretty much now I guess the final question is is anyone going to get into mining radiant or buying one of these as6 especially since they've been mining it for now okay since the end of April April 24th is when that entity came on and if we just correlate that with the price of radiant during this time it it's been going down and down down and down ever since okay it had some ups but it's also been going down here so is this correlating to that entity which has been you know moving majority all of their you know coins to The coinex Exchange I don't know I don't know if we're looking at top 100 here right this ad just has about 12 almost 133% of the coins here on their exchange so I don't know whether or not they're selling it or not because you know I guess if it's all going into one account on coinex and then they have uh sub accounts on their exchange right all the different users I don't know if they're selling it or not okay but just correlating here we' we've seen a pretty insane downward pressure here in terms of price now if I go to day here maybe with their announcement um is it going to pump oh and it just pumped as of recording okay it looks like it had a bit of a pump here okay so now on the day it's 26% up okay so maybe with their announcement as of recording this video the price of R it just pumped up okay so maybe this is is What's Happening Here people are buying radiant for the potential uh Market making event uh maybe from this entity uh in order to sell their as6 okay so that's a whole other that's a whole other thing we could we could talk about but you guys can obviously speculate and uh talk about that but anyways I just wanted to bring this out to you guys let me know your thoughts and let me know who you think the entity is going to be which which which manufacturer is it going to be all right I'll see you on the next one have a good one peace out

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