1. Radiant ASIC Official Launch Confirmed
Over the past four months, concerns have arisen within the Radiant community about an ASIC manufacturer referred to as “The Entity,” which has monopolized more than 90% of Radiant network hash power, mining a significant amount of Radiant coins. There have been continuous discussions within the community about changing the algorithm due to this monopoly, and doubts about a potential scam arose as the manufacturer hadn’t officially revealed its name or an ASIC launch date.
However, on September 5, a small ASIC manufacturer called Dragonball publicly announced its A11 Radiant ASIC miner and revealed that it would go on sale next week. Despite this, Dragonball is not well-known in the ASIC industry, and the fact that the website was only launched in March 2024 fueled scam allegations.
Further verification within the Radiant community revealed that Dragonball had previously manufactured and sold Kaspa ASIC miners, although the quality of the devices was generally considered subpar.
Red Panda Mining, a well-known YouTuber in the mining community, also expressed skepticism in a video regarding whether Dragonball is truly “The Entity.” Given Dragonball’s low credibility and the possibility of unofficial agreements with insiders in the Radiant community, there are concerns that the substantial amount of Radiant coins mined over the past four months may be dumped in large quantities as soon as the ASIC sales news boosts the price.
Radiant’s price has fluctuated significantly over the past week due to the ASIC release issue. On September 4, 2024, the price dropped to $0.0005 as questions surrounding “The Entity” mounted. However, with Dragonball’s A11 model announcement on September 5, the price surged to $0.0012, only to fall back to $0.00088 due to large-scale selling for short-term profits.
Nevertheless, positive news that IceRiver, a reputable ASIC manufacturer, plans to release its 260Gh RXD0 home miner model has helped Radiant’s price recover, and as of September 7, 2024, it is trading at $0.001163.
RXD Coin Basic Information (As of September 7, 2024):
- Name: Radiant (RXD)
- Ticker Symbol: RXD
- Launch Date: 2022
- Founder/Development Team: Anonymous (Decentralized development team)
- Market Capitalization: Approximately $13,525,688
- Circulating Supply: Approximately 12,000,000,000 RXD
- Max Supply: 21,000,000,000 RXD
- Exchange Listings: TXBit, TradeOgre, etc.
- Consensus Algorithm: Proof of Work (PoW)
- Official Website: https://rxdproject.org
2. Dragonball’s Radiant ASIC Model A11
Key specifications of the Dragonball Miner A11:
- Algorithm: RXD-SHA512256d, ALPH-BLAKE3
- Hashrate: RXD: 3.2T ± 5%, ALPH: 1.2T ± 5%
- Power Consumption: 2300W ± 10%
Uniquely, the Dragonball A11 supports dual mining for Radiant (RXD) and Alephium (ALPH), allowing it to mine both coins simultaneously at 3.2T for Radiant and 1.2T for Alephium, with 2300W power consumption.
Profitability Analysis: As of September 7, 2024, Radiant mining generates about $106 per day, and Alephium mining adds approximately $4, resulting in a total daily income of $110. However, since IceRiver is also releasing an ASIC device around the same time, Radiant’s network hash rate, currently at about 300Th, is expected to rise to 2Ph by the end of September. As with other ASIC-based cryptocurrencies, the ROI period may extend indefinitely due to increased competition.
Price and ROI: The Dragonball Miner A11 is priced at $9,999 on its official website. Including customs duties and VAT, the total cost is approximately $12,000, which translates to about 16,800,000 KRW based on a 1,400 KRW/USD exchange rate. Based on current profitability, the payback period would be approximately 3.5 months. While Radiant’s price is relatively low compared to other cryptocurrencies, it may rise, similar to Alephium, so actual returns will depend on future price fluctuations.
Caution for Buyers: Dragonball is a relatively new manufacturer with limited sales and customer feedback. This raises concerns about the device’s durability, and buyers should exercise caution. In the event of a malfunction, even if free repair services are available, the repair process may take at least six weeks, meaning that buyers will need to absorb the resulting losses.
3. IceRiver Launches Radiant ASIC Model RXD RX0
IceRiver has swiftly announced the release of its RXD RX0 Radiant ASIC model through its official website.
IceRiver gained fame with the launch of its initial Kaspa ASICs and has established a reputation among miners for its durable devices and user-friendly WEB GUI interface. The fact that IceRiver, a major ASIC manufacturer, is releasing a dedicated Radiant ASIC is expected to positively impact Radiant’s price.
According to IceRiver’s official website, the RXD RX0 model is priced at a relatively affordable $399, which is expected to attract many home miners. Based on the Kaspa ASIC release case, it’s anticipated that IceRiver will introduce higher hash rate models in response to rising Radiant prices and profitability.
Key specifications of the RXD RX0 model:
- Launch Price: $399
- Daily Profit: $8.8
- ROI Period: Approximately 2 months (including customs duties and taxes), potentially shortened to 1 month if Radiant’s price rises further.
If Radiant’s price continues to increase, the ROI period could shorten even more, making the RXD RX0 an attractive option for investors.
| RXD Hashrate | 260GH/S(±5%) |
|---|---|
| Wall Power | 100W/h(±10%) |
| Specifications | 260GH 100W |
| Dimension | 200x194x74(mm) |
| Net Weight | 2.5kg |
| Connection | ethernet |
| Voltage Input | With PSU:100-240V AC Without PSU:19-20V DC |
| Operating Temp | 0~40 ℃ |
4. Radiant Coin Investment and Market Outlook Following ASIC Launch
The long-awaited Radiant ASIC has been officially released, with deployment scheduled for mid-September. This is expected to cause a sharp increase in the total network hash rate.
Following Kaspa and Alephium, Radiant now has its own dedicated ASIC device, and miners and investors are cautiously navigating the market based on previous ASIC launch experiences with Kaspa and Alephium. While early entrants into Kaspa ASIC mining made significant profits, many who joined later failed to recoup their investment or suffered large losses.
Many investors who purchased Goldshell’s first Alephium ASIC, the Albax1, also faced losses, having bought in with expectations based on IceRiver’s successful KAS0 model for Kaspa.
Those considering purchasing a Radiant ASIC should carefully consider the Kaspa and Alephium ASIC experiences. Radiant’s current market capitalization is approximately $13,525,597, which is significantly lower than Alephium’s. This suggests potential for future growth, but also highlights the high volatility of its price.
If ASIC miners sell their mined Radiant coins daily to recover their investment, or if Dragonball, which monopolized over 90% of Radiant’s network for the past four months, dumps its holdings, Radiant’s price could plummet. In such a scenario, ASIC profitability would decline sharply, and ASIC manufacturers may choose not to release additional models.
However, if a mainstream manufacturer like IceRiver can boost Radiant’s price, the combination of the ASIC launch and positive market momentum could result in a significant short-term price surge.
For now, it may be wiser to purchase Radiant coins directly rather than investing in ASIC hardware. In a few months, as higher hash rate models are released and ASIC prices drop, buying an ASIC with spare funds to generate passive income could be a better option.
I hope everyone reading this achieves success in cryptocurrency investments and financial freedom!
