The most profitable thing in the cryptocurrency world is the information gap, nothing else!
Historically, Bitcoin mining experienced an annualized return of 400%. Even during a bear market, the yield far exceeded that of the declining traditional industries, but the current annualized return is only around 12.5%-20%.
Recently, researching on-chain data and GPU mining machines, I suddenly found a coin with very good data, which is$CKB !
1. Where is it good?
On one hand, the annualized return of CKB mining is 34.74%, with a payback period of 2.62 years! (Cost and revenue calculation: the K7 mining machine currently costs about $3,800, assuming an electricity price of $0.1 per kWh, daily income of $11.53, daily electricity cost of $7.39, resulting in a daily net income of $4.13.)
Calculate Payback Time:
Mining Machine Cost: $3,800
Daily Mining Revenue: $4.1
Payback Time (Years) = Mining Machine Cost / (Daily Mining Revenue × 365 days)
The calculation result is: approximately 2.62 years (result rounded to two decimal places)
Therefore, the mining machine takes about 2.62 years to break even.
Calculate annualized return:
Annualized Return = (Daily Mining Revenue × 365 days / Mining Machine Cost) × 100%
The calculation result is: approximately 34.74% (result rounded to two decimal places)
Therefore, the annualized return is approximately 34.74%.
In summary, the mining machine takes about 2.62 years to break even, with an annualized return of approximately 34.74%.
On the other hand, the on-chain data for CKB is very good: the number of unique wallet addresses reached a historical high of 5.28 million, and there is a situation where giants are scrambling for shares in mining, with the first mining address actually accounting for half of the total! This indicates that institutions are also very optimistic about CKB.
2. So what is $CKB ?
CKB, fully known as Common Knowledge Byte, is the native token of the Nervos Network. Nervos CKB is a highly secure protocol aimed at building a scalable infrastructure that evolves itself under normal conditions, to support the development of the future digital economy. As the local digital currency of the CKB public chain, CKB coins are assets running on the CKB public chain, and their holders occupy a part of the total state storage of the blockchain, creating some opportunity costs in the process. The market pricing mechanism of CKB coins gives users an economic incentive to actively release state storage, better meeting the high scalability demands of users.
3. Introduction to CKB Mining
Mining Mechanism:
CKB adopts a PoW (Proof of Work) consensus mechanism, which means that the mining of CKB coins is carried out by participating in the blockchain network's calculations through computer computing power, earning corresponding rewards after completing a certain amount of work. This mechanism makes the mining of CKB coins possible and ensures the security and stability of the blockchain network.
Mining Algorithm and Mining Machine:
The mining algorithm used by CKB is Eaglesong, so mining requires mining machines that support the Eaglesong algorithm. There are already some professional CKB mining machines on the market, such as Antminer K7 63.5T, which have efficient computing power and lower power consumption, able to improve the success rate of mining and reduce costs.
Mining Steps:
Prepare the mining machine: choose a mining machine that supports the Eaglesong algorithm, such as Antminer K7.
Obtain a CKB wallet address: before mining, you need to obtain a CKB wallet address so that the CKB coins earned from mining can be automatically transferred to your wallet.
Download and configure mining pool software: since CKB mining difficulty is relatively high, it is recommended to mine in a pool to increase mining stability and profitability. Choose a suitable mining pool and download its mining software, such as F2Pool, BTC.com, etc. Then, connect the mining machine to the pool and perform some basic configurations, such as mining machine ID, pool address, miner name, etc.
Start Mining: Once the mining pool software configuration is complete, you can start mining. When the mining pool reaches the difficulty level, you will receive a certain amount of CKB rewards.
Withdraw CKB: The CKB coins earned from mining can only be withdrawn after meeting the minimum withdrawal threshold in the mining pool or wallet.
Mining Precautions:
Choose a good mining pool: The mining difficulty of CKB is relatively high, and choosing a poor mining pool can easily lead to loss of profits.
Master Hardware: The mining algorithm of CKB is Eaglesong, so mining requires mining machines that support Eaglesong.
Maintain Mining Stability: It is very important to maintain the stability of the mining machine's operation, and avoid interruptions in mining due to unstable network or power issues.
Be Aware of Risks: CKB mining also carries risks, such as mining pool operators going offline, network attacks, etc., and requires cautious attention.
CKB, as a potential digital currency, requires certain preparations and configurations for the mining process, but with reasonable choices and configurations, stable returns can still be obtained. However, investors also need to maintain a high level of focus and treat the related risks with caution when mining CKB.
