Important Updates and Other Crypto News
We always knew that Q4 would be crazy, and here we are! Please read below, as there are lots of important updates for you to know about!
1. Bank Transfers
This is VERY IMPORTANT - if paying via bank transfer, we have to get your payment within 24 hours or we cannot guarantee your order. We may even need to cancel your order or charge you more. It becomes a logistical nightmare to keep track of who has paid and who hasn't when prices move this rapidly.
The margins in this business are too slim to eat price jumps and not pass them on. If you wait longer than 24 hours to pay not only do you cause more problems for us but you could end up losing out on money!
Altcoin miners are going crazy, with the price of the KD5 nearing $50k but still enjoying a 4-5 month payback period (at current Kadena prices). We cannot state this enough - BUYER BEWARE when buying altcoin miners like the KD5. The price of Kadena is up 15-20x in a few months, and it could come down quickly.
The KD5s listed on our site right now are USED because we cannot get our hands on new ones. They have 9 months warranty left.
3. Antminer L7
L7 December preorders are nonexistent right now, but L7 November preorders are available yet very expensive and likely NOT arriving in November. There's talk of January L7 preorders as well, so we’ll keep you all updated. When we know more, you’ll know.
4. Goldshell CK5
The CK5 is said to be (by some) the next KD5, but who knows. It's been selling very well.
5. Avalons and S19s
For the time being, Avalons and S19s are your most conservative bet, and it's what I'm buying personally. Although buying a KD5 for $50k is more than my risk tolerance can stomach, I think that $50k miners will be the norm when (not if) BTC hits 6 figures. The KD5 is just giving us a glimpse into the future, in my opinion.
6. Avalon 1246s
Avalon 1246s is one of our best sellers and is proving to be very reliable. The 1066 and 1166 are showing some quality issues lately, so please be aware of this. Even though they are covered under warranty, it's still a hassle.
7. Hosting Availability
Hosting is sold out through November unless you already have a miner on order from us. We should have room in December but the reservations on the site are for January just to be extra safe.
8. S19 Prices
S19 prices are inching upwards, and bulk quotes are usually only good for a day here lately.
We’re Here For You
As always, if you have any questions please reach out, that’s what we’re here for!
You can contact us via the website or alternatively, schedule a call with us whether you’re already part of the team or would like to know more about joining!
In Other News…
Check out our guide on three other cryptocurrencies to keep an eye on! Of course, it goes without saying that investing in any crypto carries risk and this is by no means investment or financial advice.
After all, the number one rule of investing as we all know is - Only invest what you can afford to lose.
Given that Bitcoin, Cardano, and Ethereum are all already flying high (and everyone knows it), they won’t be featured on our list. It would be like telling you that you can cross the road when the lights are on red for cars. You already know. You don’t need to be told.
Instead, let’s take a look at 3 of the smaller or relatively new cryptocurrencies that could have the potential to net investors a pretty sum (or not. Again, rule number one). So, let’s crack on.
1. IOTA (MIOTA)
You might have already gathered from the name’s first three letters - IOTA caters to the Internet of Things (IoT). This fusion between crypto and IoT has really propelled cryptocurrencies forward in recent years.
According to the company, their crypto is “the first distributed ledger built for the “Internet of Everything” — a network for exchanging value and data between humans and machines.”
For us simpletons, this means that IOTA is a distributed ledger that is designed to record and execute transactions between machines and devices in the IoT ecosystem. Due to this, its actual crypto is called MIOTA.
IOTA established itself 5 years ago. A newcomer compared to BTC. However, five years is still more than enough time for a crypto to grow and generate trust among investors.
2021 has been a good year for MIOTA, although it’s yet to reach its previous peak of 5.36USD which happened back in 2017. Perhaps 2022 will be its year?
Price on Jan 1, 2021: 0.30 USD
Price on Nov 9, 2021: 1.45 USD
The cryptocurrency AMP uses the Ethereum blockchain to make payments on the Flexa Network.
This cryptocurrency is often called a digital collateral token due to the fact that holders of AMP can instantly receive verifiable assurances needed for any kind of value transfer. For example, converting to “real” currency, getting out loans, making digital payments, setting up for a house purchase, and more.
Investors have been extremely happy with AMPs progress over the last year. This coin is catching the attention of many new investors, will you be one of them?
Price on Jan 1, 2021 - 0.0067 USD
Price on Nov 9, 2021 - 0.06011 USD
3. Algorand (ALGO)
Algorand is a blockchain-based network that uses its native ALGO token for transactions. It powers smart contracts and enables developers to build and launch NFTs and tokens.
This crypto has marketed itself as being the first proof-of-stake (POS) blockchain that the world has seen. That puts it in direct competition with the likes of Cardano (ADA), and Tezos (XTZ).
The technology behind the crypto claims to guarantee scalability, security, and built-in privacy. Essentially all the kinds of things that you, as an investor, want to hear. What more could you want?
Price on Jan 1, 2021 - 0.35 USD
Price on Nov 9, 2021 - 1.99 USD