I SHOULDA JUST BOUGHT KASPA… instead of mining it

[Music] hey guys rpim here hope you're doing well having a really great day this video I want to give you guys an update of the $30,000 I guess Caspa Miner investment since August 1st on a bunch of ks5 Ls and k5m as well as the $10,000 ks5 Pro update as well mining over the past 3 months and talking about how much Castle we've mined since then have we gotten our money back yet definitely not so I'm going to talk about that throughout this video and we're also going to talk about the state of Castle mining essentially as of right now and looking at you know how profitable are these castle miners as of now and you know what has transpired I guess over the past month or so and of course along with the crypto Market has been exploding recently so is that going to translate with Casp maybe also having some price appreciation well we're going to talk about that throughout this video and how it affects with all of our cast miners which I know a lot of you guys here in the community do have and I know a lot of you guys have been just waiting for our time for when Casa goes up to new all-time highs so before we talk about all this thank you for today's video sponsor crypto minor bros.com if you guys are looking for the top Asic miners they have them all here and I know a lot of people are actually looking into script script mining recently they got a bunch of l7s l9s actually in stock as well the alphapex dg1 home which is really nice as a home minor but I highly recommend looking at the ant Miner L9 as this one would be the most efficient and reliable and simply by having the name brand having the support to be able to fix it if it did break down down the road crypto Miner Bros also has the dg1 plus and a few other models as well as home miners as well so check it out use coupon code red panda for $70 off link down below if you guys are interested in any miners all right so to give you guys an update of the $30,000 cast Miner test that I've been doing since August 1st so so far okay with all these miners which I'm missing one you guys may notice I'm missing another ks5 M which is not on so the other day I looked at it and it went offline and it doesn't come back on so I've been resetting it and it just doesn't come back on so I feel that I may have a bricked k5m and so for almost four months later the K the k5m that I had it's now it's not mining so I do have another one here which is still going but then I do also have a ks5 l that also maybe a month ago that it lost a hash board one of the hash boards just decided to die so this is so far after 4 months this is not looking out to be a very good test because these ice River miners the ks5 L ks5 M's so far from what I've been hearing other people have had issues with their models as well so ice River if you're listening terrible just just terrible it with my like small case here with five miners I'm at like 3.5 out of five here with after 4 months of my castle miners so that really sucks uh for me here but now looking at how much I've mined over the past four months okay since August 1st it's almost been almost 4 months and it's November 21st as of recording this video we have mined in total 64,8 183 Caspa I do have an unpaid balance here so maybe uh 60 it'll be 65 almost 66,000 Caspa okay so roughly that would be worth almost $110,000 so have I hit the break even yet okay of $30,000 definitely not of course we're going to include electric which is going to be in the couple thousands I bet by now but yeah I'm not going to equate that yet until we hit hit that yield of when potentially whenever we have that $30,000 uh break even in terms of how much we've mined and held we're Mining and holding all of this Caspa up until we have price appreciation this is the test that we are doing and seeing if it is going to play out or not okay guys so this is uh a long-term test hopefully you guys enjoy I've been documenting this the whole time and uh yeah it sucks that we already have a k5m down and and a and a half of a ks5 l or uh two 2/3 of a ks5 l so I think there's three hash boards uh in this one I'm probably going to do a live stream of opening up the k5m and seeing what's wrong with it I'll I'll let you guys know okay now the next minor here is the ks5 pro the bitmain ks5 pro not an ice River so I do have one here that's mining by itself to cryp tx.com thanks to them they're one of the sponsors of the channel so it's almost been almost 3 months okay since we've been mining uh with this ks5 Pro to a singular address here so the payouts currently of this Miner we are almost at almost $2,000 worth of Caspa okay so 13,1413 which cost $10,000 at the time okay this ks5 Pro $10,000 okay almost three months ago at the end of August that these ks5 Pros were being being sold for and if we're just looking at how much a ks5 pro is worth right now the price is obviously much further down yeah $3,279 for a ks5 pro do I recommend buying a ks5 pro or any castle miners at this point in time no definitely not and this is actually something I want to talk about uh right now okay so that's the update of the ks5 pro that's how much we've mined have we gotten our $110,000 back on this Miner definitely not so if casell went to a dollar okay just do some theoretical here then this would be 13,00 $113,000 then I would hit that break even what is that going to happen with Caspa I sure hope so I mean everyone's talking about it is that going to happen or not I we're going to see we're going to see same with my my $30,000 batch here if we have 60 almost 66,000 Caspa here if Caspa went to a dollar this would be $66,000 okay so or even if Caspa went to half that 50 cents then this would be worth like you know 33 $32,000 so I would yeah that I have to I have to hope for at least 50 cents you know 3x price of where Caspa is now in order to realistically you know hit that break even of the initial investment okay so is that going to play out well that's what we're all waiting for guys that's what we're all waiting for okay so let's talk about the I guess elephant in the room a lot of people ask rent is a good idea to buy castle miners and you know I've been saying this over the past couple months no it it's not because if you just bought Caspa like if I bought $30,000 worth of Caspa um back in August 1st and actually we can probably do we can just do a quick thing here so August 1st was let's see kaspa was yeah pretty much 20 18 to 20 cents during that time so let's do a theoretical here so let me put 30,000 divided by uh 0.18 18 cents per Caspa so let's see how many Caspa we'd get with 30,000 so I could have bought 166,000 Caspa all right back in August 1st okay right now have I mined that similar yield worth 6 166,000 kaspa definitely not am I am I ever going to mine that much with all of these miners definitely not I I definitely don't foresee like unless I do this test for like the next like couple years but I really don't think because with the emission schedule and whatnot you all know um it's it's going down extremely fast extremely fast emission schedule so uh decrease in the emissions so it is I am not going to hit that same yield so I I again I still recommend it's now is not the time uh to buy Castle never actually and also there's a rumor okay there's a rumor going around there is a new Big Boy Castle Miner from Ice River or potentially bit main that are in the 70 to 80 90 terahash okay so I 100% do not recommend I I definitely don't recommend at the point where we are right now in the market I don't recommend buying uh Casa miners right now if you believe in Caspa and this is the only coin that I've ever said regarding buying the coin it would be Caspa okay I if you believe in Caspa I believe buying the coin you're going to yield or you will obviously yield more if you bought Caspa Now versus buying a minor because you just you will never mind the same amount of yield back versus buying the coin because of how aggressive this emission schedule is as well as how fast the Casto Network hash rate has risen and like how many of these miners have come on the network okay these manufacturers have produced a butt ton of these miners okay ice River bitm we gold shell you know all these different all these different manufacturers have produced hundreds of thousands of these units and you can see like over since July you know basically the network hash rate for Caspa has climbed almost 4X almost four times and that is a metric ton of Casa miners so I don't recommend buying Casa miners right now okay as you know the rumors of newer ones coming out as well as just the yield you will never mine the same yield of Caspa if you were to just buy Caspa where we are right now at 15 cents which you know over the past year Caspa has been hovering between 10 and 20 cents okay it hasn't broken out yet so I think if you believe in Caspa I think now would be the time to buy Caspa if you believe it's going to go to higher Highs but that's not Financial advice okay so where Caspa is now okay 1.28 xah hash um it's quite High looks like it's dipped down a little bit maybe uh castle miners have been flocking over to other khey hash algorithms there's bugna cedra you know those other coins that could be a little bit more profitable that could be happening or you know some of these could be shipping out some manufacturers could have turn them off and then ship them out who knows but right now as of right now so a ks5 pro if we're looking at the profitability of one of these things currently the income Revenue if you had free Power you'd make about $17.30 with one of these things as of now November 21st 2024 if you had 10 cents or sorry 8 cents kilowatt hour you'd make about $11.25 profit okay so right over here we can see on mining now.com right the profitability of these things the ks5 pros you know they've been okay right the revenue generation from these when they were first starting out it was earning about I think $25 a day right but it's been you know the revenue and has been you know going up and down up and down you guys can see here as time went on right or sorry $30 a day back end of August and then September we were like 24 to 30 fluctuated of course and then of course you know October came about and then you know these krc2 started to come about okay krc2 tokens started to raise up the uh the congestion on the network and thus the transaction fees were all going to the miners right so looking down here right it was really good on those days but and then it was shortlived and the profitability started going down on these uh castle miners here so another thing I wanted to correlate now not only talking about the profitability of these miners but um Marathon digital everyone knows this big huge company uh got into Castle Mining and uh apparently they already had 30 petahash worth of castle miners which is you know pretty huge like at one point I think when they announced it it was like three % of the network and then they announced that they had purchased another 60 petahash of ks5 pros and and whatnot as6 miners but they also I believe they also came out with chips now this is a a Twitter post that I was reading from Mr Christian lwig okay so he says here we ordered some cracker cards from nice hash mining two months ago to overclock our bit main castle miners by 15 to 20% uh right so there was an overclock with these chips right we received them uh lo and behold they are labeled with Marathon digital and apparently the overclock is only to autocon convert to bitcoin you literally can't overclock just to mine Caspa Marathon probably deployed these on portion of their Fleet that autoc converts 2 months ago this was the reason from my speculation for the last dip to uh 10 cents not meme coins in any case marathon is still stacking Caspa for their latest quarterly earnings report and Emissions are dropping rapidly okay so he was correlating that with the price downward here that Marathon digital that they had those chips that were already you know selling into uh Bitcoin during this time when Castle went to 10 cents and that was uh pretty downtime right so but looks like you know cast's recovered since then uh not sure if Marathon digital is uh you know you know they even said in videos I believe their CEO said that they were pretty much selling everything into Caspa uh I don't have their I don't have their addresses but you all know the whole mentality of you know mining and holding Caspa uh that's why I'm doing it you know with on this test cuz I've done that many times in other uh mining videos other as mining videos not just with Casa miners like the ones previously a lot of those have gotten their money back but now that we're so like like so into Casa mining now like a year and a half later miners now if you're buying castle miners now your Roi or your break even time is incredibly further out like it's way far out now because of where the price of Caspa is you know and also the emission schedule how many miners are coming on the network it's very difficult right now and you know looking at KSI Pros actually I want to look at my ks5 M's okay these have fallen from Grace right now income $12.76 profit $623 at 8 cents Kil that's at my electrical rate anyone that has anything higher I mean these things only make a couple bucks a day now okay so it's it's come down quite far and I yeah I really I truly hope that Caspa has some price appreciation coming up in this bow run where we are right now and I'm hopeful for it and that what is what I'm documenting for this whole thing on the channel so all right I'm going to go fix my k5m and uh see where it goes and hopefully it works because otherwise I'm I'm going to it's this this test that I'm doing is going to be even worse and uh hopefully though Caspa 3x's from here can at least get the break even you know in theory on that not on electric but maybe Casper can go more than 3x right who knows right that's the whole thought process regarding this uh Mining and holding test that I'm doing all right my friends let me know your guys' thoughts let me know your thoughts on if buying castle miners is a good idea now or not okay or just buying the coin which in my opinion is the better idea with Caspa this is the only coin I believe in buying uh just because of how aggressive the emission schedule is that's it all right I'll see you on the next video Bitcoin to 100 K let's go peace out

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