The Goldshell HS5 profitability is 11.21 USD per day with 5.4Th/s mining power of the scrypt mining algorithm. The device profitability is among the top 35 ASIC miners. Released in February 2021, the miner’s power consumption is 2650 W with 0.981j/Gh efficiency. The Goldshell Company is one of the advanced technology organizations producing mining servers, and we will cover its background.
Behind the Goldshell company
The Goldshell organization has been active since 2017, delivering quality products to the market. The company manufactures mining servers using various networks such as Nervos, Litecoin, Handshake, and Sia. Their BOX series, in particular, has become so popular, especially among novice miners looking to start their business at home.
The main office is in Shanghai, China; they have also established other offices in other areas, including Singapore, Hangzhou, Hong Kong, etc.
The team focuses on research and development as 70 percent of the staff with more than ten years of experience work in the R&D function. The company has improved its products and services to remain competitive in the crypto mining industry. They have provided a smooth value chain from production lines to sales and marketing to delivery. Also, they have provided excellent after-sales services to increase customer satisfaction and improve customer loyalty.
What is the Scrypt mining algorithm?
The Scrypt mining algorithm is designed to protect against large-scale network security attacks. The algorithm uses the PoW function. It is a password-based feature used and promoted by Litecoin. Instead, many other coins started utilizing this algorithm, namely Dogecoin (DOGE), Einsteinium (EMC2), Gulden (NLG), FloorinCoin (FLOO), Viacoin (VIA), PouCoin (POT), DarkSaga (SAGA), GameCredits (GAME ), Sphere (SPHR), PirateCash (PIRATE) and so on.
Is it worth it to invest in the Goldshell HS5?
The Goldshell HS5 profitability is 2,478.95 USD in a year which is below the average outcome of the other available mining devices. The lowest available price of the device is $6,200.00, which gives the device a high ROI, low cost of ownership, and durability and will continue to bring optimal mining experiences with unbeatable computing power. Considering the current market condition, the initial cost will be covered within five years. With the recent recession in the market due to the political situations and the Ukraine war, the market conditions are not stable when writing this article.
What are the Goldshell HS5 specifications?
The Goldshell HS5 specifications are as follows. Also known as Goldshell HS5, the miner was released in February 2021. The size of 264 x 200 x 290 mm and the weight of 8.5 kg of the device seem suitable for households and mining operations. However, the voltage of 176~264V is not ideal for home mining. They were equipped with two enthusiastic fans, and the HS5 synchronizes the heat generated by 2650 W of power consumption. The noise level of the device is 80 dB, only 5 dB more than the average industry index. The temperature of 5 – 35 °C and the humidity of 5 – 95 %, and the Ethernet platform are standard in the industry.
|Size||264 x 200 x 290mm|
|Temperature||5 – 35 °C|
|Humidity||5 – 95 %|
ASIC miner comparison
The profitability of Goldshell HS5 is 11.21 USD per day, which puts the device in the 45th position. Above this device, there are Innosilicon A6+ LTCMaster ($6/day), Bitmain Antminer S17+ ($4/day), Canaan AvalonMiner 1166 Pro ($4/day), StrongU Hornbill H8 Pro ($5/day), the iPollo B1 ($5/day), the Innosilicon A6+ LTCMaster ($5/day), the Bitmain Antminer T19 ($5/day), and so on. Below the device are the StrongU STU-U6 ($3/day), the MicroBT Whatsminer M31S ($3/day), the Goldshell CK5 ($3/day), the Bitmain Antminer S17 Pro ($3/day), the Goldshell HS3 ($3/day), etc.
Goldshell HS5 profitability: Conclusion
The Goldshell HS5 profitability is $ 2,484.48 in one year, which seems unreasonable to invest in it since the device price is $6.8K. This shows that the ROI is only 20 percent in one year. The initial capital is therefore covered within five years. However, this depends on the market situation. Due to US monetary policy and the Ukraine war, current market conditions are pretty unstable. Therefore, it is better to do proper research before investing in mining equipment.
Why Bitcoin cloud mining?
An unknown individual or group called Satoshi Nakamoto introduced the Bitcoin network in 2009. In 2021, there will be more than 10,000 different projects in cryptocurrencies. So each of them has its role in building the future of money.
The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It passed $ 2.5 trillion less than three months later. So it shows that this market is one of the growing markets in favor of its investors.
Bitcoin Cloud Mining is the process by which you participate in a mining pool to a cloud miner website and purchase a certain amount of hash power. In this pool, the profit will distribute equally among all participants who have participated in the mining pool. It will happen based on hash power. Also, the cloud mining platform allows you to mine your BTC without installing any hardware and at no extra cost. So Minerland, the best crypto cloud mining service to earn Bitcoin, helps you invest in Bitcoin easily and with low risk.