Bitmain Dispatches Initial KS3 Antminers Amid Surge in Kaspa's Hashrate

According to Bitmain, the well known crypto ASIC mining rig manufacturer, the company has shipped its first batch of KS3 Antminer machines. Despite each rig costing $49,800, Bitmain sold out of the first batch and announced another batch of KS3 Antminers would be available soon.

As Kaspa’s Hashrate Climbs, Bitmain Ships KS3 Antminer Series

Bitmain disclosed on Monday that it had shipped its initial batch of KS3 Antminer machines. These rigs mine the crypto asset kaspa (KAS), a digital currency that ranks 45th in market capitalization. Current data suggest the KS3 miner is the most profitable mining ASIC available. The website asicminervalue.com reports that the machine can earn an estimated $440 daily by mining KAS.

However, Bitmain’s machine quickly sold out, making it the company’s priciest unit ever sold. Priced at $49,800, each rig boasts a processing speed of 8.3 terahash per second (TH/s). However, Bitmain’s post on Monday suggests the miner can clock 9 TH/s. While this rig stands as Bitmain’s most expensive Antminer, the company recently introduced a filecoin (FIL) miner priced at $38,888, making it their second priciest ASIC.

Currently, the crypto asset KAS boasts a market capitalization of about $852 million, and its value has surged 13.9% against the U.S. dollar over the past month.As of Monday, around 35 mining pools are dedicating hashrate to the Kaspa chain. Data reveal a total of about 12.36 petahash per second (PH/s) of Kheavyhash hashrate.

The Kheavyhash algorithm, tailor-made for kaspa (KAS) mining, powers swift block generation times on the Kaspa network, producing a new block every second. At its heart, this consensus algorithm is a refined take on the Heavyhash algorithm. Though the algorithm leans towards being core-dominant, allowing graphics processing units (GPUs) to mine KAS, employing an application-specific integrated circuit (ASIC) can yield considerably higher profits.

F2pool leads in mining KAS, capturing 2.57 PH/s of the network’s total hashrate, trailed by Kaspa Pool with 2 PH/s and Hum Pool with 1.85 PH/s. The network’s cumulative hashrate has witnessed a significant increase from 777 TH/s on April 4, 2023, to its current 12,360 TH/s (12.36 PH/s). This translates to a roughly 1,490% uptick in the Kaspa hashrate over the previous four months.

What do you think about Bitmain shipping out its first batch of KS3 Antminers? Share your thoughts and opinions about this subject in the comments section below.

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