So I basically MINED $43532 worth in KASPA so far?

he [Music] [Music] hey guys red Pena Ming here hope you're doing well having a really great day this video I am want to give you guys an update of the ice River k3m the $99,000 k3m back in January 8th of 2024 that's when I started mining with this thing just giving you guys a 4mon update all right 4 months of mining with this k3m I want to show you guys how much we've mined in terms of the yield we're doing the mining test of Mining and hodling all the Caspa that this is mining up until we hit that break even of $99,000 all right all that I'm holding when that value goes up to at least $9,000 I will be giving away this ice River ks3 M all right I've already announced this many times before and I'd say we're more than halfway there now uh let me just show you the yield build on Caspa pool.or that's where I am mining with this so far this thing has mined 43,372 worth of Caspa okay so what's it going to take for this to get you know to hit that break even well Caspa price has to go up it has to price appreciate in order for the yield that I've been mining and holding Casper price has to go up so this video I'm just going to do some you know cost basis analysis also future price prediction type of way in which the yield that I'm mining how much more does the price of Caspa have to go up for me to break even on that and then finally give away the ice River ks3 you know when I say finally it's like not even that long it's only been like 4 months 4 months and I think 7 days since I started as of recording Mining and holding the yield from this Caspa KS 3M so I mean already $55,000 worth out of 9,000 we're we're hitting up pretty close so if in the next couple weeks or maybe in the next couple months is Caspa going to go up and price appreciate then I'm going to hit that break even a lot sooner then we can give this bad boy away all right my friends this is for all of you guys all you cast but Di hard miners really the reason why I'm doing this whole test is is because for those that may have bought you know I don't know what batch number this is uh January beginning of January uh when I purchased this and you know Casa mining at that time since January Caspa mining for Asic miners has been out since like I think May or June right June I think one of the first batch KS 1's came out right then July September KS Zer you know October November December now it's January that I receed one of these ks3 M's $9,000 value at that time so I'm just doing this test here for those that may have invested into Caspa Asic miners doing an actual real test of Mining and holding and seeing when we will hit that break even okay but I want to do some cost and Analysis with you guys in terms of if I were to sell the Caspa every day okay so I do have some cost basis uh information I've imported into coin Ley a tax off where that I want to show you guys so interesting numbers uh to look at whether or not you know mining or holding or selling every day just to see that comparison as of now but of course I know a lot of you guys that are in the Caspa believe that Caspa will pra appr appreciate a lot more whether or not Caspa will go on a tier one exchange or KRC 20 all those types of Milestones along with the aggressive emission schedule the supply decrease is that all going to be bullish for kaspa's price so let's go into the computer and I'll show you guys the numbers okay my friends so here is coin.io this is the software I use for my crypto taxes right in Canada I pay income tax on all the Mind coins that I mine not tax advice go talk to your CPA anyways I have imported all the transactions here and actually coin Le is great because they just added Caspa all right you don't have to import a CSV they actually have Caspa here and they will automatically get all the transactions and put it right here like so you guys can see okay and uh just to show you guys the beginning of when I started this whole thing my first transaction was 500 Caspa January 9th 2024 okay so it's about 4 months and seven or eight days now since we've been mining with this k3m okay and here's the pool here and I know we just GED another 500 Caspa cuz I'm recording this the next day and uh yeah but anyways 43532 point9 Caspa as of right now this is now worth looks like the value went up because the price of Caspa also has been going up over the past day a bit here but it's worth $530000 5323 when I imported it here into coin Le okay this is where I'm going to get into some fun theoretical stuff and why we are doing the whole Mining and holding method okay so first things first my cost basis of the Caspa that I've mined thus far is $576 so if I sold every single day the cost basis is the time where I received the coins into my own wallet and that is the market value okay of the received coin so that's my initial cost basis here so if I sold every single day every time I got a payout like since January 9th then that would be worth $576 but since I've been holding all right Mining and holding this whole bag is now worth 5,375 so it's down 5.8% from my initial cost basis here of every time I got a payout so hopefully that makes sense to you all uh this is basically my income where I have to pay taxes on this and uh if I'm holding it for like another year or more obviously then I'm going to have to come up with the actually I pay taxes quarterly so I have to come up with the money out of my own pocket or some other way that I make money to pay the taxes for this anyways not tax advice anyways going here okay so as of right now okay with the Casper price where it is now if I were to sell it now I would lose against my cost basis so in this regard as of right now as of recording it would have been best to sell all the Caspa that I've been I guess you know all the way running up when Casa went to 17 cents or 18 cents or whatever all the way down to 12 cents so as of this point in time as of right now as you're looking at this it would have been better to sell every day but we are not going to sell right now everyone understands that I am going to be or every everyone that understands with Caspa that if Caspa is going to one day price appreciate a lot more people are predicting a dollar $2 $3 and $4 $5 whatever that's where we're going to get into some speculative math here okay let's get into some Panda math so because I've been holding this Casa still 43532 okay so let's get the panda calculator going to put that in here so this is where we're going to just speculate here what if Caspa went to 50 cents okay let's times this by 50 Cents that would be worth $2,766 as of you know just doing a theoretical thing here what if Caspa went to 50s okay that's just a just a speculating okay what if Caspa went to a dollar all right that would be $ 43,5 32 it'd be like I've already mined $43,000 worth of Caspa with this k3m over the past 4 months isn't that crazy to think about or okay maybe a bit too farfetch people are saying what if Casa went to $3 wow well this bag that I have here could be worth maybe $130,000 and that is what I am going to that's why I'm Mining and holding because time and time again we've we've seen these types of scenarios play out right Mining and holding has been one of the best plays strategies when it comes to crypto mining okay I think everyone everyone knows that so now okay because I'm giving this away all right at $9,000 when this bag is worth $9,000 when will this worth $9,000 so let's just do some fun theoretical thing here okay uh when I give this away okay when I hit 9,000 9 Grand the break even point so this is how much Caspa I have right now what if uh Caspa is right now 12 cents okay 12 cents so what price does Caspa have to go to for us to give this you know $9,000 k3m away so I'm going to times this by let's just say 13 cents hey we'd be at 56 $6,000 all right let's keep going let's go up another sent what if we times this by 14 okay $6,000 okay let's just time this by 17 cents okay we're getting close $7,400 all right let's do uh what if Casa went to 19 cents all right 8271 we're almost there okay so times 20 cents okay almost there let's keep going up times 22 cents oops point 22 oh no times 22 there we go 9500 okay so Caspa would need to realistically go to around uh times let's say 21 cents Caspa needs to go to 21 cents for me to give this k3m away okay is that not too far-fetched to think about that that could happen pretty soon or is Casper going to go down and I'm still to be mining with this k3m for the next year I don't know that's why I am doing this test here and uh this is just something fun to think about because if someone typically bought one of these k3m back in January then you know they're in the same bone as I am currently right we haven't gotten our initial investment back it's only only been about four months so realistically in the next I'm saying going to say next five or six seven months we should hit that break even point if Caspa stays at these relative price here but it won't it's probably going to go down or going to go up I don't know that's all going to depend on a lot of catalist a lot of Milestones people are talking about kc20 for Caspa people are also talking about Caspa is going to go to uh tier one exchange is that going to raise the price of Caspa you know is that going to be the Catalyst for the price of Caspa to go up even more the Bitcoin bow run bitcoin's going to go up generally everything goes up you know all these types of variables that could happen for the Casas price to go up is what coincides with my play here in which I'm hoping right man if Casa went to a dollar 43 Grand would be nice but anyways that's why I am doing this uh test here guys okay and for anyone that U wants to sign up for coin Le I have a link down below and let me know what you guys think what I have just done here is it something that is is too far-fetched or you guys think this is a possibility that you know the amount that I I see here and if Caspa goes up much higher and price I will come back to this we're going to come back to coin Le and we could potentially see uh you know $9,000 we hit $9,000 or you know $20,000 or $43,000 of Casa went to a dollar you know right but I'm of course still accumulating the Caspa as we keep going up here and Mining but that is why I am trying to hit that break even and then we're also going to give this k3m away okay guys so let me know your your guys' thoughts are you guys bullish on Caspa bearish you guys think I'm ever going to hit the $9,000 Break Even you guys let me know let me know down below I'm I'm just doing this for fun and uh entertainment purposes I guess we'll see what happens but I appreciate you all I'll see you all in the next video have a good one peace out

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