In the Chinese crypto-verse, Kadena (KDA) is known as the Patrician’s coin, while in the West, it is known as the JP Morgan coin. The former is due to the dev team’s solid institutional pedigree, while the latter is due to the fact that the founders created JP Morgan’s first blockchain.
Kadena seeks to establish a public blockchain that can be used to run apps while also addressing Ethereum’s issues. KDA is utilized as gas for Kadena blockchain computations, similar to ETH; it is given to miners for contributing computing power on the blockchain.
Goldshell KD5 Kadena Miner
Kadena’s algorithm is mined with the Goldshell KD5, commonly known as the KD5 Kadena miner. It was introduced in March 2021 and has an 18Th/s hash rate and a 2250W power consumption.
The Goldshell KD5 Kadena Miner is a KDA miner of industrial quality. It outperforms all other leading miners by a long shot. However, keep in mind that the combination of energy conservation and coin current value determines profitability.
Goldshell’s 5-series miners are the lifeblood of many mining operations: they not only mine amazing projects, but they also consistently place first in miner profitability rankings.
CPUs, GPUs, and FPGA miners are all ineffective at mining Kadena.
How It Ranks In Profitability
To determine if the Goldshell KD5 miner is worth buying, an analysis should be done to show the daily profitability. The table below shows the miners that were released in 2021 and their daily profitability.
|Rank||Brand & Model||Release Date||Coin Mined||Daily Profitability (September 2021)|
|1||Goldshell KD5||March 2021||Kadena||148.66 dollars|
|2||Innosilicon A11 Pro ETH (1500Mh)||Nov 2021||Ethereum||139.33 dollars|
|3||Bitmain Antminer L7 (9.5Gh)||Nov 2021||Litecoin||130.48 dollars|
|4||Bitmain Antminer L7 (9.16Gh)||Nov 2021||Litecoin||125.46 dollars|
We can see from the table that the Kadena miner is able to provide a daily profit of 148.66 USD. Currently, the price of the KD5 Kadena Miner is 7,800 USD.
Theoretically, if the owner of the miner would achieve the daily profit they would be able to recover the purchase price in 53 days. This does not account for the electricity costs but it shows that recouping the purchase cost of the miner is quite easy. The mining efficiency of this miner is 0.125j/Gh. Given the hash rate of 18 Th/s, the efficiency is quite great.
Every six months, block rewards for mining Kadena are recalculated according to a specified timetable. This happens with around half of the remaining minable coins being awarded as block rewards every 20 years. Kadena can be mined for a period of about 120 years because it has a fixed number of tokens.
The Goldshell KD5 has a high hash rate and is extremely energy efficient. The fact that it is hard to procure is a disadvantage, but the benefit is that the KDA network’s computing power will not be much increased.
There are a lot of opportunities available for anyone that wants to start mining Kadena. Always keep in mind that current success does not necessarily imply future profitability.