Antminer X3 Announced

Will new product of Bitmain be profitable? Let's try to figure out
15 March 2018   3291

Bitmain, one of the largest mining equipment manufacturer, released another product - Antminer X3.

Antminer X3
Antminer X3

Antminer X3 Specs

Let's check the specs:

  • Mining algorithm - CryptoNight.
  • Hashrate - 220 KH / s.
  • Weight - 7 kilos.
  • Price - 11,999 dollars for the first batch (May 15-31) / $ 7,599 for the second batch (June 15-31).
  • Power consumption - 550 Watts.
  • Limitation - no more than one miner to each buyer.

Bitmain says that the described characteristics are preliminary. In real life, higher performance expected. Details on the dimensions and other small things isn't available yet. 

Antminer X3 Profitability

Now, the most interesting part - profitability. Let's use the Whattomine. 

Antminer X3 Profitability
Antminer X3 Profitaiblity

Almost 200$ dollars a day, great! But in real world, everything can vary.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.