First, let's look at the revenue chart. The recently popular Antminer K7, priced at $3800, has a hash rate of 63.5T, power consumption of 3080W, and energy efficiency of 48.5J/T. At an electricity cost of $0.1 per kWh, it can generate daily revenue of $4.6. It can be said to be the top choice for beginners:
In the rapidly changing cryptocurrency market, information asymmetry is undoubtedly the key to profit. Bitcoin mining once created a glorious history of 400% annualized returns, and even in the current bear market, its yield still far exceeds the average level of traditional industries. However, with increasing competition and market changes, Bitcoin's annualized yield has dropped to around 12.5%-20%. Against this backdrop, an emerging digital currency—CKB, with its excellent mining yield, is gradually coming into the investors' view.
1. What is the Attraction of $CKB Mining?
CKB, or Common Knowledge Byte, is the native token of the Nervos Network. Its annualized yield can reach up to 34.74%, with a payback period of only 2.62 years! (Based on the following cost and revenue calculations: The current price of the K7 mining machine is approximately $3800, generating daily mining revenue of $11.53 at an electricity cost of $0.1 per kWh, resulting in electricity costs of $7.39, and thus a daily net profit of $4.13.)
The payback period is calculated as follows:
Mining Machine Cost: $3800
Daily Mining Revenue: $4.13
Payback Period (Years) = Mining Machine Cost / (Daily Mining Revenue × 365 Days) ≈ 2.62 Years
The annualized yield is calculated as follows:
Annualized Yield = (Daily Mining Revenue × 365 Days / Mining Machine Cost) × 100% ≈ 34.74%
Additionally, the data on the CKB blockchain is also impressive: The number of unique wallet addresses has reached a historical high of 5.28 million, and there is a phenomenon of major players accumulating in the mining market, with the first mining address holding an astonishing 50% of the total CKB supply, indicating strong institutional confidence in CKB.
2. Introduction to CKB
Nervos CKB is a forward-looking, highly secure protocol designed to build an infrastructure that can expand and evolve autonomously under normal conditions, supporting the development of the future digital economy. The CKB token, as the native digital currency of the CKB public chain, occupies a portion of the blockchain's total state storage, creating opportunity costs in the process. The market pricing mechanism of the CKB token provides users with economic incentives to actively release state storage, thus better meeting users' high scalability needs.
3. Detailed Explanation of CKB Mining
Mining Mechanism: CKB uses a PoW (Proof of Work) consensus mechanism, rewarding participants for their computational work in the blockchain network. This mechanism ensures the security and stability of the blockchain network.
Mining Algorithm and Machines: CKB uses the Eaglesong algorithm for mining, requiring mining machines that support this algorithm. Currently, there are professional CKB mining machines available in the market, such as the Antminer K7 63.5T, which features efficient hashing power and low power consumption.
Mining Steps:
Prepare the Mining Machine: Choose a mining machine that supports the Eaglesong algorithm, such as the K7.
Obtain a CKB Wallet Address: So that the CKB obtained from mining can be automatically transferred to the wallet.
Download and Configure Mining Pool Software: Select an appropriate mining pool and download the mining software, connect the mining machine to the pool, and perform basic configurations.
Start Mining: Once PoW that meets the difficulty is achieved in the mining pool, CKB rewards can be obtained.
Withdraw CKB: After meeting the minimum withdrawal threshold, CKB earned from mining can be withdrawn from the mining pool or wallet.
