Setting up Antminer X3: power and payback of equipment

Cryptocurrency mining is one of the most popular ways to make passive income. However, before mining virtual currency, you should select and buy suitable equipment.

One such device is the Antminer X3 ASIC miner from the well-known manufacturer Bitmain. In terms of its TX and the ratio of hashrate to power consumption, the model surpasses most of the analogs released at the same time, but it supports mining on the not most popular CryptoNight algorithm. The description of its parameters and features will help you to learn more about the capabilities of ASIK.

Antminer X3 Specifications

The Bitmain ANTminer X3 model was created for the mining of a specific cryptocurrency – Monero (XMR). And, given the gradual price reduction, the device should have become one of the best products in the manufacturer’s lineup. The expectations of Bitmain ANTminer X3 buyers did not quite come true, however, taking into account its parameters, it still remains quite productive among the equipment working according to the CryptoNight algorithm.

Where to buy and how much does it cost

When it first appeared on sale, the Antminer X3 model could be purchased on the manufacturer’s official website. The initial cost of the device was $ 11,999, which made the ASIC quite a serious investment. However, with the increase in the difficulty of mining the Monero coin, the payback of the miner, which was initially about 60 days, fell, and the company had to reduce the price.

Bitmain official website – https://shop.bitmain.com

The second revision, released in June 2018, was already on sale for $ 7,599. Even later, the cost dropped to $ 2999, and then to $ 1999. In 2020, you can buy Antminer X3 not only from the manufacturer, but also in online stores. The cost of the device is noticeably different, and can be in the range of $ 700-2500. On the other hand, the payback of the model increased even more than its price fell.

Connection and setup, step-by-step guide

The process of setting up and connecting ANTminer X3 does not take much time from the user. The procedure is as follows:

1. Connect the power supply by connecting one connector to the control panel, and the rest to the ASIK case.
2. Connect the equipment to the router using a network cable.
3. Check if the connection is correct by running the miner. If there are no power problems, you can see the LEDs lit up and hear the fan noise.
4. Determine the IP address of the device using special applications or a browser by opening the router information page.
5. If necessary, configure ANTminer X3 using its web interface by changing the update parameters, frequency and processor power.
6. Save settings and restart ASIK miner.

It takes no more than 10 minutes to install and configure serviceable equipment. If you have problems, you should watch the video clip at the end of the article. If everything went well, you can proceed to the next stage – connecting to the pool and choosing a coin for mining.

Pool change

You can use different methods to connect ASIK to the pool. The easiest is to install a special operating system Hive OS… Mining setup is as follows:

1. The transition to the “Flight sheets” is in progress.
2. The name of the cryptocurrency is indicated, the wallet and pool are selected.
3. The miner variant is indicated.
4. A flight sheet is created.

The launch of cryptocurrency mining begins with going to the “Workers” subsection and clicking on the rocket icon. By selecting the flight sheet and clicking “Apply”, the user starts mining.

If you need to switch to work in a different pool, you should make changes to the settings.

Finding a profitable coin

When choosing the best way to make a profit, you should pay attention to the pools that work according to the principles P2Pool and Nicehash… They not only support the CryptoNight algorithm, but also provide a high level of protection against fraud. Although the ANTminer X3 check in Nicehash showed that when mining on these pools, problems can arise, including a zero hash rate.

The most profitable coins in 2020 for this device should be chosen using mining calculators. The best options for making money, the profit from the production of which exceeds the cost of electricity and allows you to quickly recoup your purchase in a manner – XNB and DERO cryptocurrencies. It also makes sense to mine KRB, ETN, SUMO and X12 coins.

What you need to know about ANTminer X3

When buying an ASIK, it is worth knowing about it and the following features:

• the noise generated by the ANTminer X3 model from the cooling system reaches 74 dB, so it is advisable to install it in a non-residential area or in a case with good noise insulation;
• repair of ANTminer X3 under warranty is possible only if no more than six months have passed since the purchase and the operating conditions have not been violated;
• buying ANTminer X3 will be more profitable than ordering a new model – even in the absence of a guarantee, ASIK has a large resource, and the ratio of performance to price for this option is better.

Depending on changes in the cryptocurrency market, the cost of the model may change. However, at the present time, buying it is still profitable.

Calculating ROI X3 in 2020

The mining situation in 2020 shows that the payback periods for most devices have increased markedly. So, farms assembled using powerful video cards can pay off within 3, 5 and even 8-10 years, which makes their use unprofitable. To determine the feasibility of buying ANTminer X3, you can determine its profitability per day when mining different cryptocurrencies. To do this, you can use the site cryptunit.comthat determines the level of profit for coins that are mined using the CryptoNight algorithm.

As the mining calculator shows when entering the ANTminer X3 parameters, the revenue from most coins does not exceed $ 2.68 per day, and some coins can be mined at a loss:

• By mining XNB coin per day, you can earn $ 2.68. With the average cost of electricity in the country about 3.7 rubles or $ 0.057, taking into account the round-the-clock work of ASIK, the daily profit will be $ 1.93. The payback of a device purchased for $ 770 is 399 days;
• The daily profitability of ANTminer X3 when mining the DERO coin is $ 1.89, the net profit is $ 1.14, the average payback period is 675 days.
• For KRB, Electroneum, Sumokin and X12 Coin coins, the payback rates turned out to be at a fairly high level and amount to 865 in March 2020, 1132, 1166 and 1540 days, respectively.

As the calculator shows, ANTminer X3 is still a profitable device for cryptocurrency mining. Although the payback period has grown significantly. On the other hand, the same terms for video cards turn out to be even more serious, and buying an X3 is still more profitable than a GPU farm.

The complexity of mining and the rates of other cryptocurrencies have led to the fact that it is unprofitable to mine them using this ASIK in 2020. It is noteworthy that in the list of coins that are not suitable for mining on the ASIC ANTminer X3, there was a Monero coin, for which it was intended.

Customer Reviews

Customer feedback from the forum Bits.media and Bitcointalk.com

I bought equipment in mid-2018. I expected to recoup the purchase within six months. I just did not take into account that the prices of coins will fall. Now I switched from Monero to Xeonbit, and I think that I will start making money on ASIC already in 2020.

At the current rates, I see that it is possible to make good money on Antminer X3 only if the electricity is free – or if you pay for it with some kind of incentive. Although the model, even with a small income, still suits me – it does not spend a lot of electricity, does not take up space, and does not make much more noise than a computer with a gaming video card.

Take good care of your soundproofing and air conditioning system. Otherwise, your wife and neighbors will not forgive you for this. If everything is in order with the first and second points, purchase the device.

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