Antminer X3 Announced

Will new product of Bitmain be profitable? Let's try to figure out
15 March 2018   1256

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.

South Korea to Toughen Mining Chip Import Rules

Mining chips will have to meet legal requirement for importation, such as safety and sanitation certifications
19 April 2018   122

In South Korea, foreign-made crypto mining chips import rules can be complicated in the near future.

As reported by CoinDesk with reference to the statement of the Korean Customs Service (KCS) the government agency added mining chips to the list of goods that must meet certain criteria established by the current legislation for importation into the country, including certificates of security.

New requirements were introduced after the customs service discovered an increase in the number of mining chips imported into the country. So, in November and December last year, according to KCS, 454 mining chips were imported to the country for a total of 1.3 billion won ($ 1.2 million).

Since the mining devices consume a significant amount of electricity and produce a lot of heat, their operation is associated with an increased risk of fires.

To neutralize these risks, the service will monitor the safety of imported devices in accordance with the requirements established by the National Radio Agency.