what's going on everyone welcome to the Rabid Mining YouTube channel and I hate to be the
bearer of bad news it seems like I always tend to have bad news for you guys and I apologize
but the truth does hurt and you guys gotta hear me out here now this also involves a little bit
of Ergo as well as Casper and the potential of gpus not even going to be worth mining either
of these coins even in the next Bull Run let's find out what's going on so I want to start this
whole thing off with Casper because it does affect Caspa initially at first and then we'll see what
happens in the future with Ergo but right now looking at Casper it started on November 7th
of 2021 so that is exactly one year ago today at the time of recording this video it got listed on
Exchange sometime here around June 3rd so it hasn't been on Exchange very long about five
months or so so well we go back and we actually look at Castro here in terms of the mining on
their website itself key points here is uh K heavy hash is energy efficient core dominant
and can be successfully mined by GPU fpgas and Futures specialized mining equipment obviously
at this point we're talking about Asics here we all know this as GPU miners we kind of hate
that term but regardless this is kind of the evolution of Mining and looking at the uh it's
not really the white paper but their main website here is they are welcoming it it's there so they
don't plan on doing any type of forks once these things do come into play now Casper recently at
10 11 cents per kilowatt hour or less on 30 70s only use like 105 Watts it's a nice efficient
algorithm right now it is breaking even at 10 cents per kilowatt hour the prices are coming
down a little bit but for the past few days it was about seven to ten cents green and a lot more for
people with cheaper power so it has been fairly profitable for a lot of people with their GPU
so people are loving this I know a lot of people are dual mining Casper with something else like
Etc or whatever you know uh whatever there is out there Ergo I believe you can do mine with
it possibly but instead of doing mining because so many people are doing it you're now kind of
cutting your uh profits by doing two coins and the other coins aren't really profitable as we can
see everything is else is in the negatives here so people are moving to single coin instead of
dual mining they're straight out moving to Casper and stuff and it has been profitable for them but
pretty soon our gpus are not going to be worth it because the difficulty is going to spike all right
guys so you may have heard about the E300 this is a 14 gigahash Casper Miner at about 450 Watts now
I have been in contact with Osprey Electronics kind of talking to him about this and I may
be able to remote into one and kind of test it out and stuff for you guys sometime here in the
near future we're still trying to work out the details but regardless we got a 14 gigahash Miner
ready to come out at about 450 Watts now it looks like an Asic it sounds like an Asic but it's not
an Asic this is actually an fpga if we scroll down there's actually some guy here that says
I have two e300s I don't know if that's legit or not possibly is but they run great they are loud
like an Asic but run well I ran the trm at the bit stream until POS so the bit stream is what
you do need to program these Asics here and now he's running the trm Casper bit stream and it
is profitable at 0.15 I'm assuming he's saying 15 cents per kilowatt hour tomorrow who knows I
have had FKA 383 jc35 NC 1100 these are all fpga guys and this is my favorite fpga platform and the
easier us to use now also while talking to Osprey Electronics they also said most of these miners
are already bought and getting shipped very soon to their loyal clients that always do this you
know manufacturers Asic mining farms and so on they have deals where they do get things a lot
earlier than the public and there's not very many left now I'm not trying to push anybody to buying
this for five thousand dollars you know this might come in better at around twenty five hundred three
thousand who knows it's fairly expensive for what it does but regardless this is the start of the
end of gpus because as more and more of these start coming out as maybe bitmen gets into this
and makes it 10 times even better one or something who knows uh gpus are gonna the difficulty is
gonna get too high and gpus just won't be able to compete so this is the beginning of the end
of another coin for GPU miners out there so now I kind of want to talk a little bit about the Ergo
side so I have been hinting to you guys in the for the past month maybe even longer about possible
fpgas and stuff very efficiently already on the Ergo Network and more bit streams are releasing
for fpgas to mine Ergo which means more bad news for gpus but as we can see right here uh support
future other mining algorithm Ergo so Ergo is a target here once they get the bit streams I did
ask them about it and they don't have the bit stream available yet that is why it is saying
future mining algorithm but the bit stream is out there so it's a thing Ergo has fpgas it's
pretty much a proven point at this point it's no longer a rumor it's happening or about to
get very bad very soon so I don't know what ergo's take is on non-gpus here you know stuff like fpgs
and stuff hitting the Ergo network if the fork or do something about it or they'll just leave
it at his I have no idea but regardless if they remain as is this is is just another coin that's
eliminated from GPU Miner so things are looking bad constantly and I apologize this for this guys
but these are things you need to know especially if you're investing into mining Hardware today
so let's actually take a look at those numbers 14 gigahash at 450 Watts 10 cents per kilowatt
hour is actually making five dollars and 59 cents after power or six dollars and 67 cents
in today's market before power obviously we have cheaper power there you know you're making more
than this 559 and the people that are ordering this and probably getting it they probably have
like one cent power less than one cent or two or three cents they don't pay very much for
power so they don't really care again the price point depends you know might not be the best for
the home Miner but mining Farms they got money to burn they can use this as tax write-offs whatever
they want to do but regardless the miners are here and the hash right difficulties is greatly
going to pick up all right guys so sorry for the disappointing news let me know your thoughts and
comments in the comments section before this is kind of a big deal especially if you really
believe in Casper because I know a lot of people really love Caspa and the future of Casper so this
may affect you you know very greatly maybe you're going to get one of these miners maybe you're not
maybe you're going to move on to something else try something else I have no idea but once I do
get more information I will relay that forward to you guys you know make sure to join the Discord
channel so you guys can ask me questions about this or anything else that's on your minds and
if I do get to remote into one of these I think it'll be very interesting to see some true hash
rates I also asked them about power consumptions if there's a way to monitor it they said they can
get something to check the voltages and stuff for me so you know we'll look into this as much
as I possibly can so thank you for watching guys I will see you on the next one Rabid Out
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