[Music] hey guys red pan mining here hope you're doing well having a really great day this video is going to be about my bitmain ka3 Caden Miner okay I'm going to you guys a 4mon update of me mining with a ka3 over the past 4 months roughly when I received it I think January 18th 2024 is when I started mining with it and the price of when I received it was about $ 3868 okay $3,864 worth when I received it okay and thanks to mop. which they are the sponsor of today's video if you guys are looking for as6 miners go check them out link down below so I got a lot of things I want to go through with you guys in terms of how much I have mined up far in the past four months give you guys an update about that talk about some fun stuff regarding how much the hash rate for kadana has risen over the past I don't know four months of when I started this and going through some fun calculations and just going through you know the current profitability of the ka3 currently you know at my electrical rate as well and yeah just talking about some other fun stuff regarding TOA as the project itself so hopefully you guys enjoy let's begin first with a video that I did four months ago called will I become a millionaire mining Caden now you all know the story I don't think I need to get into it regarding you know when I was mining with the IB link bmk1 about 2 years ago and ultimately I mined almost 50,000 Caden if I held it all it would have been worth a million dollars because alltime high price uh for kadana at that time was uh I think almost $28 25 as the all-time high that was November 11th 2021 okay and so here we are today the price of kadana is about 84 cents and over the past I'd say 4 months there's been some some price appreciation for kadana but it's ultimately come back down here uh now that Bitcoin though has been jumping along with ethereum I'm not sure if that's going to correlate with uh you know altcoin season and price appreciation of Cadena specifically uh but we will get into that later okay so anyways let's just go first regarding the ka3 that I have mining right now so right now I actually have it hosted at Terra hosting.org doio so right now I'm mining it to pool fl.net okay this is where I've been I've had it since the very beginning and it's just been mining Caden nonstop okay there's only six mining pools right now for kadana I find that to be pretty interesting I thought there would be a lot more than that but interesting that there's only six you guys find that interesting let me know down below but anyways going to the the pool stats here I want to show you guys you know roughly my payouts okay it's been gradually going down and obviously that's a given because the network hash rate has been climbing quite considerably since the end of December all right that's when I first caught wind of a lot of the Asic resellers uh getting ka3 batches okay we're going to do some fun theortical math here in a second here of how many k3s that could have been sold but anyways yeah I got mine about January 18th that's when you know the hash rate really started climbing and from there on here we are today it's it's gone up I think to get combined almost 450 uh petahash almost combined okay over the past four months so that's yeah it's doubled over the past four months basically but anyways the yield I was initially getting like the first time my first payout here was January 18th and I was getting about 7.6 Caden uh pretty much every 12 hours is kind of you guys can see the payments here um so yeah every 12 hours I think I was getting 7.6 7.4 7.2 7.3 But as time went on I was getting you know 6.6 6.7 uh it kept going down and down and down as time went on if we go to the first page here you guys can see this is on Caden Explorer KDA explorer.com you guys can see my yields right have been slowly going down okay and that obviously coincides with the network hash rate climb here as time went on you can see January right February March and April right it's just been it's just been climbing considerably I mean that that probably means that a lot of these M main k3s which are the most efficient Asic miners for mining kadana on the market right now is the model that people have been purchasing uh to you know to to mine kadana uh of course there's these other models here IB Link gold shell but you know these aren't as efficient as the ka3 and also the power consumption of the ka3 is just blows everything out everything else out of the water as you guys can see so I'm suspecting majority of the hash rate that has been turning on is going to be these uh k3s but anyways that is my yield here okay so how much I've been getting now how much in total have I mined now since you know January 18th so total okay it's about 1,324 Caden so how much is that worth right now well according to KDA explor it's about 1125 okay $1,125 now if I went to the calculator okay so if I put put in uh let's see 1324 1324 yeah that's about 1,00 bucks on coin market cap here okay at the current price of kadana so have I gotten my money back of about 38 uh $ 3,868 of when I first received it no we're not there yet I'm not even including the electric okay we're about maybe 1/4s of the way there of getting my initial investment back but the whole idea of why I am Mining and holding okay which I should have done from previous Caden mining I'm not going to get into that I'm not going to bring up Old Wounds is that the price appreciation potential okay so let's just do some theoretical math here okay so I have as of the past four months I have total mined 1,324 CAD so we're going to times that by just just theoretical here I'm not saying kadana is going to go to its previous all-time high which is 2825 but let's let's just do that you know price here times 2825 okay that's $ 37,43 if I were to if kadana went up to $28 that is previous alltime high and uh yeah so I would obviously then yes I will then be able to get that initial investment back plus the Electric and obviously a lot more okay just judging by uh you know how much this is this is this is quite a bit if you know the price of kadana did jump up but you know exact same idea when I was you know mining it with the IB link bmk1 back in previous days did I think kadena was going to pump up to this high price you know during the bull runs of 2021 no no nobody did honestly I it just mooned like I think 17 16,000 per.
Is that going to happen again with kadana here I don't know um that's obviously a big risk I'm willing to take I'm going to be doing this whole test here you know mining and holding uh you know as a typical mining strategy which a lot of people have done I have done many times in the past uh I'm going to be doing this now I guess with Kad in a sense I didn't do with anyways even if you know let's say CAD went up to uh let's say I don't know quarter half of that what if it went up to like $24 if I times this by sorry $12 you know that' be about 15,000 I would still get my initial investment back you know what if CAD went up to let's say $2 you know what if it just went up like 2X or something um let's see here 1124 * $2 that would be 2648 so that would not get its initial investment back I would need kadana to go to at least I'm going to say $6 to really you know get that initial investment back plus the Electric maybe $5 is better yeah around that that would be a little bit more realistic in a sense if canadi went up $5 then I could get my initial investment back of the you know the K3 Plus the electric and then make a little bit more but um you know that's just speculating of course this you know mining and holding method you know waiting for altcoin season or waiting for Bitcoin to go up much further to carry the rest of the market I mean that's the ultimate mining strategy for uh for everyone that's crypto mining right now okay let's do some theoretical you know math here regarding you know the current Network hash rate for kadana uh which has again I think it's climbed about almost 450 petahash since the end of December up until April okay which hit up 99 petahash to 450 so I'm just going to say 450 uh petahash so if we put in 450 petahash here in the calculator that's about 40 450,000 terahash so what if okay let me bring the calculator here going to do that divide it by 166 terahash which is a the hash rate of a ka3 166 terahash so if we did that how many k3s theoretically are on the network potentially 2700 all right 2710 k3s may have come online over the past 4 months I mean this could include you know the other Asic models other Cana models that have come out so maybe you know 2500 maybe 2500 yeah I'm going to say 2500 of these k3s have come online over the past 4 months okay and and that's not too farfetched to think about that bitmain could have manufactured about 2500 units of these over the past 4 months no right and there was a big batch that were reselling these things you know December January and January that's when I got mine and of course the hash rate just jumped up 100 P of hash and kept going up here and here and there you guys can see so I would say some decent amount of people even mining Farms have probably purchased these k3s but currently what is the profitability of these k3s it's really it's not that it's not that good right now to be honest uh for a minor that you know was I guess a lot more but just looking at this here okay if I go up 10 cent per kilowatt hour for anyone that has 10 cents per kilowatt hour which is not very many people I mean I think the break even point right now is about 10 cents on a ka3 which is which is pretty bad or the yield is about 9.27 KDA currently for me uh my where I'm having it hosted uh you know at Tera hosting um this thing right now is I think making about a dollar a day but again I'm Mining and holding so it doesn't really matter I'm paying the electrical bill hosting fee out of pocket okay so this is just something I yeah this is this is pretty bad and of course if we're going down the list here all the other kadana A6 are not great so it really shows that the cad Network hash rate all the all the hardware that is currently right online right now for miny CAD is not able to be sustained enough against the kadena's price so Caden's price right now is not sustaining all of the hardware that is taking advantage of the profitability right now okay dependent on you know people's electrical cost I'm sure if you had like 4 Cent per kilowatt hour right then it's you know people that have these k3s are making like $4 a day even the bmk 3s are breaking even at 4 cents but I don't think any the big boys are not mining with these the big boys are mining with the k3s uh if they had a choice but it just goes to show that the kadous price here even over the past year has been quite volatile and has I mean it shows I guess in confidence or no confidence that it hasn't been able to sustain a lot of the uh potential sell pressure from a lot of people that are mining kadut right now now which is sad and unfortunate but I guess what a lot of people are doing right now maybe including myself right I'm Mining and holding all the Caden that I have mined and waiting for further price appreciation of whenever the coin goes up and yeah whenever that happens of course but is there anything on the horizon here for kadana that you know are they working on something or fundamentally in terms of the the project development of the of the project is it you know bullish in some way I mean they did just have a a Rebrand I think in the beginning of January of 2024 so about four months ago and so yeah their logo changed their colors have changed um I'm not going to go read through all this but you guys can just Google it there but also looking at their GitHub it looks like they are still looks like they are updating like they are working on it according to their GitHub they're updating like 3 hours ago like every day like they're doing something so whether or not I'm not a developer so I'm not going to go like deep into what they're updating here but if this is any indication that the project is still being worked on and uh you know looking at their Twitter I did look at their Twitter I don't have it up here but they said they have a lot of announcements and a lot of things going on over the past month so whether or not that's bullish or not uh but ultimately I mean I think my kind of thinking here is Bitcoin is going to really carry the market the rest of the market and altcoins including kadana is going to go up with it so in terms of in that regard when you know these types of as6 are going to be good or bad but when the good times start coming back and these k3s start making a good chunk of money you know it's it's it's probably the time where I'm thinking I'm I'm going to be selling this ka3 if if the prices of them go up you know if it starts making $20 $30 a day you know if K starts pumping again um that that might be the that might be the play I mean that's that's the general rule of thumb when it comes to C all crypto mining Hardware even gpus when they they become really profitable um during bull runs so you know people have that type of mining strategy of selling gpus and as6 and whatever is profitable anyways my friends that's it that's all I wanted to update you guys on regarding Caden Asic mining I I don't think a lot of you guys are into it right now there's I know some of you guys that are into it but I thought I'd just give a four Monon update of how much I've yielded over the past four months here of a ka3 and I'm just going to hold and wait for it to go up and sell I mean I think that's what everyone's going to do but let me know your guys' thoughts on what I just talked about and I will see you all in the next video have a good one peace out
