yami-tech-ym-100-2400mh-s-2200w-etc-ethw
$4,100.00
muxwave-m6-ultra-thin-ultra-clear-transparent-flexible-oled
$2,600.00
iceriver-al0-400gh-s-100w-alph-2
$564.38
bitmain-antminer-al1-15-6th-s-3510w-alph
$10,739.25
goldshell-al-box-ii-720gh-s-360w-alph
$800.00
nvidia-a40-enterprise-tensor-core-48gb-190w
$5,500.00
In the fast-paced world of cryptocurrency, a new mining boom is making waves, with the AMD Ryzen 9 7950X at its epicenter. The revival of interest in crypto mining, particularly for Qubic (QBIC), is more than just a flash in the pan—it’s a seismic shift that’s shaking up the hardware market.
The surge in Bitcoin’s value to over $72,000 has sparked a significant interest in the mining of altcoins, with Qubic (QBIC) being a notable beneficiary. This upward trend has led miners to reactivate their mining setups from 2022, diving back into the crypto mining scene to leverage the profitable opportunities that QBIC mining now presents. The allure of mining Qubic has been quantified through an analysis focusing on the AMD Ryzen 9 7950X, a powerful 16-core processor. This analysis reveals that, after accounting for the energy costs associated with its 170W Thermal Design Power (TDP), miners can anticipate a net gain of approximately $3 every 24 hours, showcasing the financial incentives available from mining activities.
This newfound enthusiasm for QBIC mining is rooted in the processor’s efficiency and the broader market dynamics influenced by Bitcoin’s price movements. However, potential miners should weigh several considerations before committing their resources.
The “Zen 4” architecture of the 7950X stands out not only for its impressive raw power but also for its engineered efficiency. This design philosophy makes it an attractive option for cryptocurrency miners, who have discovered that by applying slight underclocking and adjusting the power limits, they can maximize profitability. This fine-tuning allows for a harmonious balance between achieving high performance and maintaining the longevity of their hardware, a critical factor for miners looking to optimize their operations over time.
This strategic balance between performance and hardware preservation has propelled the 7950X into a position of high demand, leading to its quick disappearance from online retail spaces. The processor’s ability to deliver top-tier performance while also being adaptable for energy-efficient mining operations has made it particularly popular. This sudden spike in interest and subsequent scarcity highlight the processor’s appeal across various segments, emphasizing its dual capabilities of delivering exceptional computing power and facilitating efficient, long-term use.
Priced competitively between $550 and $600, the 7950X presented an unparalleled value proposition for CPU-based miners, especially those utilizing the QBIC miner. This software takes full advantage of the AVX-512 instruction set, a feature robustly supported by AMD’s “Zen 4” and the eagerly anticipated “Zen 5” microarchitectures. In contrast, Intel’s decision to scale back AVX-512 support in its consumer-grade processors has left AMD chips as the preferred choice for miners seeking to optimize their setups for QBIC mining.
While the 7950X finds itself in the limelight, its sibling, the 7950X3D, despite its higher price tag, doesn’t offer the same allure for miners. The 3D V-cache, a standout feature for gaming and professional applications, falls short in enhancing mining performance, which relies more on consistent CPU clock speeds across all cores—a feat the 7950X excels in.
As miners continue to scour the market for the best hardware to fuel their endeavors, it’s only a matter of time before other models in the Ryzen lineup, such as the 7900, 7900X, and the 7900X3D, join the 7950X in scarcity.
The Qubic mining craze underscores a broader narrative about the interplay between cryptocurrency markets and hardware manufacturing. As digital currencies evolve, so too does the demand for high-performance computing. The current shortage of AMD Ryzen 9 7950X processors is a testament to the unanticipated ways in which technological advancements and market dynamics can collide.
For miners, the race is on to secure the best hardware before stocks dry up. For AMD, the challenge lies in balancing supply with the surging demand. And for the rest of us, it’s a fascinating window into the ever-changing landscape of cryptocurrency mining—a realm where technology, finance, and human ingenuity intersect in unpredictable ways.
In the grand scheme, this isn’t just about a shortage of CPUs; it’s a snapshot of a moment in time where the digital gold rush is reshaping the technological world. As we watch the Ryzen stocks vanish, one can’t help but wonder: What will the next chapter bring for the world of cryptocurrency mining?
With the stakes higher than ever, the race to mine Qubic is not just a testament to the allure of cryptocurrencies but also a reminder of the relentless pace of innovation in the tech world. The AMD Ryzen 9 7950X may be the miner’s choice today, but the future holds endless possibilities, ready to be unearthed.
Welcome to the beginner’s guide to mining DogeCoin and Litecoin. As cryptocurrencies continue to gain popularity, mining has become an attractive option for many looking to enter the digital currency space. This article aims to provide you with a solid foundation to start mining these popular cryptocurrencies.
Mining DogeCoin and Litecoin is not just a process of using computer hardware to verify transactions on the network and adding them to the blockchain ledger; it’s a critical operation that serves as the heartbeat of these cryptocurrencies. By engaging in this computational contest, miners play a pivotal role in maintaining the integrity, security, and continuity of the network. This mining endeavor involves complex cryptographic puzzles that miners solve using specialized equipment. Successful miners help to prevent double-spending, a potential issue in digital currency systems, by ensuring that each transaction is unique and securely recorded on the blockchain.
This meticulous process does more than just secure the network; it also introduces new coins into the system, acting as a mechanism for distributing new cryptocurrency without a central authority.
Miners are rewarded for their efforts with newly minted coins, providing an incentive to contribute their computing power to the network. The reward system encourages a decentralized network of miners, which further enhances the security and resilience of the blockchain against attacks. As the difficulty of these cryptographic puzzles adjusts over time, mining remains competitive and equitable, ensuring that no single miner or group of miners can easily dominate the process. This dynamic and incentivized structure is fundamental to the decentralized nature of cryptocurrencies, fostering a robust and secure digital currency ecosystem.
To start mining, you’ll need to choose the right hardware, select mining software, set up a digital wallet, and consider your energy requirements. This guide covers each step to ensure a smooth start to your mining journey.
Selecting the Optimal ASIC Miner
When it comes to mining DogeCoin and Litecoin, selecting the right ASIC (Application-Specific Integrated Circuit) miner is crucial. Here are two recommended options:
The Bitmain Antminer L7 stands as a titan in the realm of cryptocurrency mining, particularly for DogeCoin and Litecoin enthusiasts. Engineered to deliver unmatched efficiency, it offers a formidable hash rate that oscillates between 9,050M and 9,700MH/s, allowing miners to achieve unparalleled peak performance in their mining operations. Optimized for the Scrypt algorithm—a cornerstone of both DogeCoin and Litecoin networks—this mining rig strikes a balance between power consumption and output, utilizing 3,425 watts to maximize profitability and operational efficiency. Beyond its technical prowess, the Antminer L7 is further distinguished by a 2-year Vipera CYCLESAFE™ Extended Warranty.
The Elphapex DG1 is another excellent choice for miners. With a hash rate of 11,000 MH/s and power consumption of 3420W, it offers efficient mining for LTC and DOGE. Its air-cooling system ensures optimal performance within a temperature range of 0~40°C. Despite its power, the DG1 operates at a noise level of 75 dB, making it suitable for home mining setups. It also features a 3-month warranty, highlighting the manufacturer’s confidence in the product.
Choosing the Right Mining Software
Selecting compatible mining software is vital for connecting your hardware to the DogeCoin and Litecoin networks. This section explores popular software options and guides you in choosing the best one for your setup.
Wallet Setup Essentials
Securing your mined DogeCoin and Litecoin is paramount. We’ll show you how to set up a digital wallet, emphasizing the importance of security measures to protect your earnings.
Establishing a Power Framework
Mining requires significant electricity. This guide offers advice on creating an energy-efficient setup, balancing power consumption with mining efficiency.
Joining a Mining Pool
Mining pools increase your chances of earning rewards. Learn how to choose a mining pool that aligns with your mining goals and resources.
Configuring Your Mining Hardware
A step-by-step guide to configuring your ASIC miner ensures you’re set up for success from the start.
Embarking on the Mining Journey
With your setup complete, it’s time to start mining. This section walks you through the process, from launching your mining operation to earning your first coins.
Mining DogeCoin and Litecoin can be a lucrative venture with the right knowledge and equipment. By following this guide and considering the recommended ASIC miners, you’re on your way to becoming a successful crypto miner. Remember, continuous learning and adaptation are key in the dynamic world of cryptocurrency mining.
The cryptocurrency mining landscape is evolving rapidly, with the demand for more powerful and efficient mining hardware skyrocketing. In this race to achieve the highest mining efficiency, the Bitmain Antminer KS5 Pro emerges as a frontrunner, setting new benchmarks for performance and power consumption.
The Bitmain Antminer KS5 and KS5 Pro are the latest additions to the mining world, designed to tackle the kHeavyHash algorithm for KAS-Kaspa cryptocurrency. These models boast an impressive hashrate of 21 TH/s ±3%, making them some of the most powerful miners on the market.
With a hashrate of 21 TH/s, the KS5 Pro stands out in the mining industry. This significant power means miners can process transactions and secure the blockchain network more efficiently than ever before. The importance of a high hashrate cannot be overstated in the context of cryptocurrency mining, as it directly correlates with the miner’s ability to solve cryptographic puzzles quickly and reap rewards.
The KS5 Pro is not only powerful but also incredibly efficient, with a power consumption of 4000W at 25°C and a power efficiency of 190 J/T ±10%. This balance of power and efficiency ensures that miners can maximize their profits while minimizing electricity costs.
We’re on the brink of a monumental shift in cryptocurrency mining, and here at Viperatech, we’re leading the charge. It’s with great excitement that we share news of the arrival of our first shipment of the eagerly awaited Bitmain Antminer KS5 and KS5 PRO. These state-of-the-art miners are redefining what’s possible in the industry, blending unmatched efficiency with extraordinary profitability.
The overwhelming interest these miners have garnered is a testament to their anticipated impact on the market. With only a limited stock of the Bitmain Antminer KS5 PRO and KS5 units left, urgency is key for those looking to secure a share in this lucrative opportunity. This demand is not only indicative of the market’s recognition of these miners’ value but also signals a growing trend towards more sophisticated mining operations.
Bitmain’s commitment to quality is further underscored by the 2-year Extended Vipera CYCLESAFE™ Warranty, offering miners peace of mind and protection for their investment.
As we announced, the first official batch of the Bitmain Antminer KS5 Pro is set to arrive at our warehouse on the 7th of March, 2024, and interest has been sky-high. The pre-release samples have already sold out, underscoring the intense demand for this groundbreaking mining hardware. With only 10 units each of the Pro and Non-Pro versions released ahead of this batch, these exclusive units were reserved on a first-come, first-serve basis and have now been sold out.
This is your moment to act. With allocations still available for the first batch, securing your order now ensures you won’t miss out on this revolutionary mining hardware. The window of opportunity is narrowing – secure your Bitmain Antminer KS5 Pro today and step into the future of cryptocurrency mining.
Bitcoin has rapidly bounced back from its sharp $10,000 drop, as wild volatility continues to test the mettle of traders. Despite the temporary plunge below $60,000, the latest trading data reveals a strong willingness among traders to bet anew on Bitcoin’s price exploration.
TradingView data illuminates BTC/USD’s impressive recovery, reclaiming more than half of its March 5th losses. This remarkable turnaround allowed Bitcoin to not only revisit but also surpass its November 2021 all-time highs. However, this resurgence came with its challenges, as whales set traps for over-leveraged traders, eagerly waiting to capitalize on late long positions.
Renowned Bitcoin enthusiast Hodlonaut shed light on the situation, emphasizing that the desire to own Bitcoin remained undiminished following the market shake-up. He likened the scenario to whales manipulating the market to prey on over-leveraged or less informed traders. CoinGlass data supported this narrative, revealing that the drop to nearly $59,300 on Bitstamp led to a staggering $1.17 billion in cross-crypto liquidations, predominantly affecting long positions.
The tumultuous market conditions prompted a reassessment of funding rates across exchanges, leading to what many saw as a much-needed reset from previously unsustainable levels. The open interest narrative echoed this sentiment, showcasing a rebound in line with Bitcoin’s price recovery after an initial significant drop.
Material Indicators highlighted ongoing whale activities, suggesting a potential recalibration of market expectations. A noticeable shift occurred on Binance, the world’s largest global exchange, where a block of bid liquidity moved upwards, possibly mitigating the extent of the correction from $69,000.
As the market continues to digest these movements, comparisons with Bitcoin’s late 2020 behavior, when it broke past previous all-time highs only to face a retracement, remain topical. This historical parallel offers a glimpse into potential future trajectories for BTC’s price, suggesting that current corrections might simply pave the way for healthier consolidation.
The recent market events underscore the complex interplay between whale activities, trader sentiment, and underlying market structures. These dynamics, while challenging, also highlight the resilience of Bitcoin and its community. As traders navigate these turbulent waters, the strategic positioning and recalibration of expectations suggest a cautious optimism for Bitcoin’s price trajectory.
In conclusion, Bitcoin’s journey is far from linear, marked by swift recoveries, strategic whale movements, and ongoing market recalibrations. As the cryptocurrency ecosystem continues to evolve, these events offer invaluable lessons on the resilience of Bitcoin and the importance of strategic, informed trading practices. The bulls have indeed charged through, but the road ahead remains as dynamic and unpredictable as ever.
The correction was a result of combined factors including market volatility, whale movements, and over-leveraged positions being liquidated.
Whales can significantly impact Bitcoin’s price by creating large buy or sell walls, influencing the market’s direction and potentially triggering liquidations.
Not necessarily. Many analysts view corrections as healthy consolidations that allow the market to stabilize before the next move upwards.
In the ever-evolving world of cryptocurrency mining, VIPERA Technologies is taking the industry by storm with our groundbreaking turnkey solutions. We are proud to introduce a game-changing service that will transform the way miners approach their operations. With VIPERA, you can now achieve hassle-free mining farm setups, including miners, containers, and immersion systems. Our services are not limited by geography, as we deploy expert teams to countries in the EU, GCC, North America, and beyond.
Cryptocurrency mining has become increasingly complex, requiring a broad set of skills and resources. VIPERA understands the challenges miners face in setting up and maintaining their operations. With our turnkey mining farm setup, we offer a comprehensive solution that covers every aspect of your mining venture.
Our experienced team of experts will work closely with you to understand your specific requirements and objectives. We don’t believe in one-size-fits-all solutions. Instead, we tailor our solutions to your needs, ensuring the optimal setup for your mining farm. Whether you’re an experienced miner looking to expand or a newcomer to the industry, we provide personalized guidance to ensure your success.
Navigating the complexities of local utility companies can be daunting, especially when negotiating favorable power agreements. VIPERA takes care of this process on your behalf, leveraging our industry connections and expertise to secure reliable access to electricity at competitive rates. We analyze your energy consumption needs and recommend the most cost-effective solutions, whether it’s traditional grid power or renewable energy sources.
Our top-notch engineering and design team specializes in creating mining farm infrastructures that maximize efficiency and minimize operational costs. We meticulously plan the layout, cooling systems, and electrical configurations to ensure optimal performance. Our focus on efficiency extends to the design of immersion systems, where we aim to significantly reduce energy consumption while maintaining optimal mining conditions.
VIPERA handles the logistics, from sourcing mining equipment to transportation and delivery to your chosen location. We ensure that your mining farm components arrive safely and on time. Our global network of suppliers ensures that you receive high-quality mining hardware at competitive prices. Our logistics experts manage the entire supply chain, so you can rest assured that your equipment will be ready for deployment as soon as it arrives.
Our skilled technical teams are deployed to set up your mining farm on-site. They ensure that all components are installed correctly and optimized for peak performance. We conduct rigorous testing to identify and address any potential issues before they impact your mining operations. Our commitment to quality extends to ongoing maintenance and support, ensuring that your mining farm continues to operate efficiently and reliably.
Navigating local regulations and permits can be a headache for miners. VIPERA takes care of all the necessary permitting and compliance requirements, ensuring a seamless setup process. We have extensive experience in dealing with local authorities and municipalities, and we ensure that your mining farm complies with all relevant regulations, zoning codes, and environmental requirements.
In the dynamic world of cryptocurrency mining, understanding the logistics and supply chain intricacies can significantly impact your mining strategy and bottom line. At Vipera, we’re committed to not only providing top-tier crypto mining hardware but also ensuring our customers are well-informed about the realities of global shipping practices. Here’s the lowdown on why crypto miners, especially those of high value like ASICs, are rarely shipped from the USA, and why Hong Kong plays a pivotal role in the crypto mining hardware market.
Hong Kong’s status as a free trade zone is a major component to its appeal for manufacturers and resellers of ASICs and crypto related hardware. Since the Crypto mining ban imposed by China in 2021– shuttering factories and driving investment from this industry elsewhere– manufacturers such as Bitmain and MicroBT was left with no choice but to quickly relocate their factories to Malaysia, Vietnam and Indonesia. Banking operations followed suit, centralizing around Singapore, Hong Kong, the United States and the United Arab Emirates. The special designation of Hong Kong allows for the minimization of import tariffs on large volumes of goods, a cost-saving aspect that is crucial in the highly volatile crypto market.
All manufacturers funnel their goods through a few select warehouses in Hong Kong, primarily the Debon Express warehouse, where it is common for resellers to then bid on incoming and existing palettes of goods. This process ensures that ASIC miners, especially high-ROI altcoin miners, don’t simply languish in transit or on shelves, depreciating in value and losing income daily.
There’s a pervasive myth that some resellers claim crypto miners are readily shipped from the USA, Canada, or even Europe. The truth is, if you’re receiving new stock from these regions, it’s likely due to a previous transaction “falling through” where are a large amount of miners were imported and either abandoned or not fully paid, or you’re dealing strictly with returned or used items. The reason for this is quite simple: resellers are wary of “holding the bag” so to speak on expensive inventory that might not sell or could drop in value overnight. If there are in fact brand new miners shipping from these typically ‘end-user’ regions, they are in all likeliness SHA-256 (BTC) ASICs as the price for these are fairly stable versus their altcoin counterparts. Plus, the logistics of importing goods of high quantity to the United States (27% for example) entails unavoidable heavy import tariffs and longer transit times, especially when sea freight is concerned, which can significantly eat into profits and revenue generation.
The exception to this general rule is Russia, where SHA-256 miners are regularly stocked there since the commencement of the Ukraine conflict to skirt around sanctions. Russians have hedged deterioration against the ruble and shaky economic prospects by mining Bitcoin as a sort of insurance policy, and trade with Hong Kong and mainland China is welcome and does not require sea freight.
The crypto market’s volatility plays a significant role in shipping logistics. Demand and the price of goods fluctuate daily, making it a gamble to stock large quantities of miners in any one location, which is especially true for high ROI altcoin miners. When values increase, products tend to sell out rapidly, leaving no room for stockpiling. These goods are typically shipped out directly from the Debon Express warehouse and are accounted for in most cases before they even arrive. This is a normal occurence for “futures” or “batch orders”. This ensures goods spend minimal time in transit and reduces the risk of depreciation.
To navigate the challenges of market volatility and logistics, Vipera leverages air cargo for shipping smaller batches of miners and can split orders on numerous waybills if orders exceed 5-10 units. This method allows for quick delivery without the hefty tariffs associated with larger shipments as goods are assessed on exit, not on entry. Additionally, we offer Delivered Duty Paid (DDP) options for air freight to certain countries, including the USA and UAE, further streamlining the process for our customers. We only use Fedex, DHL and Aramex.
At Vipera, we deeply understand the financial hurdles that import duties and tariffs can impose on our customers, especially those venturing into the dynamic field of cryptocurrency mining. This understanding drives our commitment to absorb these costs for shipments heading to North America, the GCC, and the European Union, ensuring a smoother, more predictable investment landscape for our clients. Our approach is designed not just to alleviate the burden of hidden fees but to empower our customers to focus on enhancing their mining operations without the worry of unforeseen expenses.
While this policy significantly reduces the financial strain on our customers, it’s important to note the potential for minor customs clearance brokerage fees, which may be collected by the carrier in certain regions. These fees are a standard part of the international shipping process, covering the services required to navigate goods through customs. Vipera’s initiative to cover import duties and tariffs highlights our dedication to transparency and customer support, aiming to foster a more accessible and less daunting entry into the world of crypto mining for enthusiasts and professionals alike.
Navigating the intricate logistics of shipping crypto mining hardware involves a delicate balance of strategic planning, understanding market dynamics, and mitigating financial risks such as import tariffs and price swings. Vipera stands at the forefront of this challenge, committed to offering clarity and effective solutions to safeguard the investments of our customers. Our mission goes beyond merely supplying mining equipment; we aim to be a steadfast partner, providing our clients with the insights and support needed to thrive in the ever-evolving cryptocurrency mining landscape.
This commitment means that when you choose Vipera, you’re securing more than just state-of-the-art mining technology; you’re aligning with a team that’s deeply invested in your success. We navigate the complexities of global logistics, market volatility, and regulatory hurdles, so our customers can concentrate on maximizing their mining operations’ efficiency and profitability. With Vipera, you gain not just a supplier but a strategic ally, dedicated to empowering your journey through the dynamic world of crypto mining. Whether one unit or thousands, Vipera is diligently committed to getting your expensive goods in your hands headache-free.
The reason Intel has decided to enter the burgeoning domain of cryptocurrency mining is obvious, as the industry blooms exponentially and settles a strong foundation with the United States now commanding the lion’s share of the world’s hash power, Intel wants a piece of the digital pie going forward.
Major brands, not solely based in the production of ASIC crypto miners, have been developing dedicated hardware for Proof-of-Work for at least two years now– Nvidia and AMD included. Nvidia’s CMP lineup of graphic cards, a collection of “reject” GA100 accelerators that did not meet quality control standards for whatever reason, probably due to insufficient dye characteristics, on their enterprise-grade offerings.
AMD followed suit when in mid-2021 they announced their own crypto-focused graphics card for the public market based on Navi-12, manufactured exclusively by OEM partner XFX.
However, both leviathans of the GPU market have limited themselves to what they do best, GPUs. Intel on the other hand has now forayed into another, albeit more saturated, direction. They’ve built chips for an ASIC (application-specific integrated circuit) miner to rival the likes of Chinese manufacturers such as Bitmain, Canaan, MicroBT and Innosilicon. Unfortunately, though, Intel’s reveal of the performance have fallen abysmally short of expectations. Intel planned to introduce a new “Ultra-Low-Voltage-Energy-Efficient Bitcoin Mining Asic” since 2018, and it seems the performance comes from that era as well.
Intel’s new ASIC miner is built with the aim of developing “the most energy-efficient computing technologies at scale.” How exactly Intel plans on doing this though is a little bit confusing and will be revealed in depth at the upcoming ISSCC conference on February 23rd. The idea Intel has is to develop specialized chips that require less power and fewer resources than traditional chips used in ASIC designs. However, it appears that although the intention is there, the final product is far from competitive in this regard.
The chip in question is dubbed the Bonanza Mine” (BMZ1) and is unique because of its small size, measuring just 7nm. Each ASIC from Intel will carry 258 of these individual mining chips to allow the ASIC to perform at 40TH/s with a power consumption of 3,600 Watts. This is a result that is not only far from desired, but most likely counterproductive. To put this in perspective, Bitmain, one of the leading ASIC manufacturers has recently announced its new next-gen model to the public, the S19+ Hydro. It is a liquid-cooled closed-loop design capable of up to 198TH/s at just 5,448 Watts.
It doesn’t take a mathematician to see how skewed these numbers are. Intel, the company with an apparent focus on “the most energy-efficient computing technologies at scale” has missed the mark here with an ancient processing method. Keep in mind though, that Bitmain’s offering is out of reach for the common amateur miner, with a minimum 195 unit order quantity and a required HK3 AntSpace wet-dry stack container clocking in at a $3.4M investment. Further complicating matters for this new unit is Bitmain’s insistence that if miners are used outside of this liquid cooling container ecosystem, they will not honour any warranties or provide service.
Intel’s BMZ1 is only able to produce the hashrate at an increased power consumption of Bitmains S19+ Hydro. Why Intel would even release this product is unbeknown to many in the crypto industry, maybe it is being used as a signal, to show how the times are changing and how Intel are attempting to get on board, but most likely, it is a failed first attempt to do something worthwhile. Power is a big concern in the mining industry, last year the world’s
crypto mining production used more energy than it takes to power Argentina for an entire year. This is why companies are working tirelessly to produce more power-efficient processes. Intel appears to have the right focus in mind. The only hope is that in due time, Intel can prove us all wrong, and actually produce a dramatic change in the power to hash ratio of the industry, and more importantly, availability.
The dark horse in all of this of course is the cost per terahash. If Intel is able to provide an ASIC for around $1,500, severely undercutting the \ cost-per-terahash by the current manufacturers, there is a valid case to be made for Intel’s entry.
Rumours have already surfaced of a BZM2 in production, and Intel has apparently even received orders from large tech giants such as Jack Dorsey’s Block (previously Square). Does this seem like a good investment to make? Depends again on the cost of acquisition. However, increasing interest often drives innovation that thus far, especially in terms of SHA256 Proof-of-Work machines being cornered by less capable marques charging 4-5x MSRP, we welcome Intel to the stage.
Viperatech invests $1.2M in Megaverse token with aims to inject capital in Dubai’s crypto industry.
A new partnership has been struck between a promising new project in the metaverse space, Megaverse, and the Polygon framework used for building and connecting Ethereum compatible blockchain networks. The deal comes at a pivotal point in Mega’s development as they get ready to open up investments in public markets and allow users to begin experiencing the digital world aimed toward major brands and prominent fan communities. Megaverse has been built to introduce social media users and the world’s most active global communities to the metaverse. 4.5 billion of the planet’s 7.9 billion population actively use social media. The vast majority of this social media activity will occur in the metaverse in the next decade. Mergaverse’s mission is to accelerate this transition and bring the future-forward.
The Megaverse is the cornerstone of the Mega DAO landscape being created which includes MegaFi (a decentralized exchange platform), Mega NFT’s (a platform to sell, trade, create and buy non-fungible-tokens), and MEGA Guild (an ecosystem of the world’s most popular tournament based games) that will allow users across the globe to join in and participate in all activities. It is an ambitious project with many factors across the ecosystem being combined to create a sustainable interactive community. The team’s mission is to painlessly transition social media users into metaverse users, thus increasing the number of those spending time in the new digital landscape. Their goal is to reach at least 10 million of the 4.5 billion social media users. Plans for the Mega DAO are also in the works for users to take part in as well as MegaFI, a decentralized exchange that includes swaps, farms, liquidity pools, an NFT marketplace, staking, and a launchpad for new crypto, gaming, and metaverse projects. The platform allows for the creation and sale of NFTs to take place entirely in the Megaverse ecosystem.
Sellers can earn Mega tokens for the sale of their NFTs. Megaverse will be launching on the Polygon blockchain and will feature MATIC (Polygons digital currency) island as one of the founding lands. This is incredibly important for any business attempting to sell or trade digital assets such as NFT’s or tokens because it helps to significantly reduce the ever-fluctuating costs that are associated. Polygon does this by essentially piggybacking on the Ethereum blockchain, you can think of it as a second layer system applied to the first layer blockchain already built by Ethereum. Polygon will help Mega to scale its vision by allowing quick deployment of preset blockchain networks and a growing set of modules for developing custom networks. Polygon’s service will allow Mega to reduce the costs users will face when interacting with their ecosystem.
Mega has announced their Megaverse Map will contain sectors named after the 20 top digital currencies such as Bitcoin, Ethereum, Doge, and Polygon’s own coin, Matic, as well as having sectors of land inside the virtual world associated with the world’s most popular celebrities and clubs. Polygon will use the Matic map space to market the Megaverse to their shareholders. Megaverse’s environment is made up of over 210,000 land parcels representing different crypto blockchains. Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), and more than 20 other top cryptos are represented by their own unique islands. These land parcels can be purchased by Megaverse users which then can be used to construct virtual shops, stores, showrooms, or other online businesses.
Users can also convert the lands into social hubs for games, hangouts, or socializing with new people. Polygon will support Mega’s vision with a generous $25,000 development grant that will help the team source, build and market their ecosystem to the community. Polygon will also help to list Mega’s digital currency, MEGA, on major exchanges. There will be a total supply of 10 trillion Mega tokens split between the treasury, investors, partnerships, the Mega ecosystem and public shareholders. One company, Viperatech (Vipera LLC), is paving the way for the crypto industry in Dubai with big plans for the region. Vipera has made significant investments in the area and is in the process of building crypto mining farms as well as a deluxe showroom with the intention of making Dubai a central hub for crypto-related projects.
Mega is based out of Dubai and Vipera LLC CEO Mr James Campagna has acknowledged they will invest a total of $1.2M in MEGA Token at the preferential 2.5% presale buy-in rate and hopes this injection of capital into the Dubai-based metaverse endeavour will inspire other crypto space projects to bloom.
Two cryptocurrency farms are being built in Dubai’s Al Quoz Industrial district with the intention of serving as mining colocation facilities for an online technology provider, Vipera LLC. The announcement was made early in January of 2022 after Vipera secured two separate locations to support the company’s goal of expanding their crypto mining operations and continue building upon available services that help to grow and expand the access of cryptocurrency to a wider audience in the GCC / Middle East region.
The two locations are set to be developed as mining colocation services for the cryptocurrency hardware industry catering only to customers in the region, and exclusively offered to the patrons of the new Vipera showroom opening in Citywalk in Q2 2022.
Colocation mining is the act of renting out mining power from a crypto farm that maintains and operates hardware on your behalf in their own facilities. This approach means clients have more flexible economic options and can avoid having to set up and run their own equipment which, instead, clients rent or purchase hardware from a company that already has a farm in operation. Customers can purchase as much hashpower as they require based on their budget, or even purchase an entire miner and have it maintained by the farm’s operators to ensure maximum uptime coupled with a hassle-free experience.
Investors can be specific about hardware choices if they are looking for a custom farming contract, or simply choose from available miners that the company is already operating and maintaining. After initial costs for equipment, clients pay a monthly rental fee or premium on electricity usage, or sometimes both depending on the contract. Usually terms are locked-in for a minimum of 1 year.
In the crypto mining industry, energy is the most important facet in determining maximum return on investment. This is one of the reasons Vipera has decided to expand into the emirate of Dubai. The United Arab Emirates has some of the lowest electricity costs because of a complex grid propped up by a vast and growing solar energy industry, and special commercial and residential rates offered to Emirati nationals. This allows both Vipera and its clientele to maximise profits and reduce operational costs associated with energy expenditure. Other benefits of a colocation service are expert guidance. With over 5 years of operating cryptocurrency farms across the globe, Vipera has built an expert team of dedicated professionals that ensure optimum efficiencies and limit downtime associated with hardware faults or defects that may arise. Setting up hardware, maintaining stable temperatures, mining the correct digital currency at the right time, dealing with technical issues and ensuring optimal return on investment is a full time operation and most investors simply don’t have the time or experience required to do it correctly. These factors strengthen the practice of mining colocation services that has been steadily growing since 2018. It offers a fast and convenient way for ASIC and GPU rig customers to begin mining.
In November of 2021, Vipera announced a primary strategy in 2022 is to help bring cryptocurrency mining to the masses, specifically in the retail sector, offering solutions for investors to collectively break into the industry and take part in what is regarded as a revolutionary change in the global financial system. In a statement released on Friday from the company’s CEO Mr. James Campagna, “The idea is to do what we can to press the reset button on a broken monetary policy that has severely crippled our younger generations from having the same opportunities to accumulate assets and wealth as their predecessors.
We want to realise a world where a decentralised method of exchange is the status quo–making it more accessible and reducing the stigma and barriers of entry that people often run into when they attempt to enter this space.”
The two new farms in Dubai will host combined energy of 8.5 Megawatts, with site “A” offering 2.5 Megawatts at 6,500 square feet and site “B” offering 6 Megawatts at 37,000 square feet, representing a significant opportunity for those looking to invest. Vipera LLC is aiming to finish development of these two new locations by Q3 2022, with the smaller farm being set up first and will additionally double-up as a service centre and showcase that is open to the public. Solar and diesel power will compliment Emirati commercial rates for both sites as auxiliary solutions to keep costs down for colocation customers.
