Kaspa: why is KAS, the leader of the new era of PoW, called the most appropriate cryptocurrency for the future?
The mention of PoW blockchains often causes controversy about issues such as high latency, slow transaction confirmations, and low throughput. PoW is the oldest blockchain consensus mechanism, and projects using PoW have put a lot of effort into trying to solve these problems. However, with the advent of the dark horse Kaspa, people are starting to realize that PoW chains have the potential to solve the blockchain trilemma.
Kaspa is a public chain designed to solve the blockchain trilemma. Being a technological project, the chain combines the decentralization, security and stability of early cryptocurrencies such as Bitcoin and Ethereum, while improving scalability and performance.
The introduction of blockDAG technology distinguishes Kaspa from traditional public chains. Its multitasking and multi-threaded block generation allows you to create multiple blocks in seconds. In addition, this approach allows for a higher volume of transactions to be processed simultaneously and for near-instantaneous confirmation. To understand this kind of multithreading, let’s first look at a simple example: in the past, computers could only open one task window at a time and could only run in single-threaded mode. However, modern computers are capable of multitasking at the same time, so users can play games while listening to music in another application.
In addition, the introduction of innovative technologies such as the GhostDAG protocol, the PHANTOM protocol, and the kHeavyHash algorithm into the project solved most of the problems faced by first-layer solutions, while enjoying the advantages of chains such as Bitcoin and Ethereum. The Kaspa team releases technical updates on a regular basis, with plans for a rewrite to RUST, a switch to the DAGKNIGHT protocol, and wallet development. As a rule, the more often technical updates are released, the more dynamic the project.
The remarkable growth of Kaspa has filled a gap in the GPU mining market. Since the launch of the main network in November 2021, the native token of the KAS project has grown in price by more than a hundred times. High mining rewards have made Kaspa an ideal place for current GPU miners. In terms of market cap, Kaspa briefly outperformed well-established networks such as KDA and RVN, ranking 11th with a market cap of almost $300M among all PoW chains.
According to the blockchain explorer, Kaspa’s hashrate exceeded 1.15 PH/s, while Ethereum Classic’s hashrate is only 119.31 TH/s. The hashrate of KAS is almost ten times higher than that of ETC, which demonstrates the popularity of KAS among miners,
KAS mining has relatively low entry barriers and miners can mine KAS using regular GPUs like RTX 3070 or some ASIC machines. According to ViaBTC Mining Profitability Ranking, BITMAIN’s ANTMINER KS3 is currently the most profitable mining machine with an official price of $49,800 and a hashrate of 8.3 TH/s.
In addition, K10 (kHeavyHash), MultMiner M2 (kHeavyHash) and the RTX 4090 8-card rig also showed good profitability.
KAS Mining Guide
Miners with large hashrates can deploy a dedicated virtual server to run a Kaspa node. However, this requires significant bandwidth and disk space, and the node must remain online 24/7.
For miners with little computing power, it is best to choose a suitable mining pool to join the mining.
I. Choosing the Right Mining Hardware
Modern mining machines used for KAS mining mainly include GPUs (NVIDIA and AMD) and any mainstream GPUs (at least 3 GB, for pair mining at least 6 GB)
Some FPGA (K10, Multminer M2) and ASIC (ANTMINER KS3) models will also work.
II. Choosing the Right Pool
Miners are advised to choose a mining pool with low latency, low bounce rate and fast payouts. ViaBTC recently launched a KAS pool that has maintained a 0% bounce rate since launch and provides stable network connectivity and automatic payouts every 10 minutes. KAS miners can join the pool now to take part in the KAS mining campaign on ViaBTC with zero fees for one month.
III. Preparing a wallet for earning income from mining KAS
These can be KASPA WALLETS, other third party wallets or exchange wallets. An exchange wallet makes it much easier for miners to exchange their coins, which is especially true for miners who urgently need money. In addition, some pools that have an exchange in their ecosystem support zero fee withdrawals. For example, KAS received on ViaBTC can be withdrawn to CoinEx without commission.
IV. Mining software installation
Mining software includes GMiner, lolMiner and BzMiner. Supported operating systems: Windows and Linux.
V. Setting up mining parameters
For example, in the case of the ASIC model, the miner must first enter their IP address in the address bar to access the management interface and configure the following settings:
- stratum+tcp://mining.viabtc.io:3015
- stratum+tcp://mining.viabtc.io:315
Set a username and password, then save the settings and select the income calculation method on the mining pool page, such as PPLNS or SOLO. After the machine has been running for 10-15 minutes and has established a stable connection to the pool, miners can check the income on the pool’s official website.
Conclusion
Although the market value of KAS is currently only 11% of the value of ETC, its hash rate ranks first among all coins that can be mined with a GPU. This suggests that the majority of miners recognize the future value of KAS and are ready to transfer their hashrate to the Kaspa network. Over time, the benefits of lower power consumption, higher efficiency, and improved security of KAS mining will become more apparent, making it more competitive in the future cryptocurrency market.
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