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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    Blue chip NFTs sink double digits as ETH retreats from record highs

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

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    Stability World AI Adds Games to Transform the Future of Web3 Gaming

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    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

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    Avalanche Selects Funtico to Support Indie Game Developers

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    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    SoonVerse Partners with Arris to Enhance User Experience

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Mining

Kaspa Mining Growth Accelerates As Industrial Miners Join the Game

May 31, 2024
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Kaspa Mining Growth Accelerates As Industrial Miners Join the Game
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Kaspa mining accelerates, indicating that big pools boost the hashrate with powerful machines. The Kaspa L1 network aims to provide security, proof of work, and instant transaction validation. A higher hashrate will make Kaspa transactions more secure.

READ ALSO

Bitcoin Miner IREN’s AI Push Gains Momentum, Price Target Hiked 60% to $37: Canaccord

Trump-backed Bitcoin mining firm to go public on Nasdaq next month

Kaspa’s hashrate expanded to nearly 300 PH/s, which is still a fraction of Bitcoin’s hashrate. The rate is still nearly 20 times larger than Ethereum Classic’s, making it more difficult to attack.

What I think is going on with Kaspa Hashrate 🪡🧵

The initial hashrate increase from December-March was largely retail driven. Thousands of Kaspa fanatics buying 1-2 KS0’s or hosting some KS3’s and KS5’s. This also includes early small scale industrial miners like c#rate… pic.twitter.com/hULbL9Cfn1

— Christian Ludwig (@christi61026749) May 30, 2024

More mining machines are also going on sale, with a wide price range accessible to either new miners or powerful pools.

Kaspa Mining Pool Roster Completely Changed

The growth in hashrate for Kaspa completely changed the list of mining pools. Initially, the growth in mining was community-driven. Over 50% of the hashrate was held by the WoolyPooly.com pool, while small community-driven pools distributed the rest. At this stage, Kaspa mining was extremely low and achieved with as little as 20 powerful mining rigs.

Only months later, the Kaspa network already hosts several multi-coin pools at the top. This includes F2Pool, one of the biggest Bitcoin miners with a capability to quickly add hashing power. F2Pool is influential, since it can both attract smaller miners that share their rigs, or buy rigs of its own.

See also  Infrastructure Safeguard or Soft Ban in Disguise?

The interest in Kaspa mining has skewed hardware prices. The Bitmain Antminer KS5 is now on offer for more than $24,000, and is the most expensive and powerful machine on the market. Other vendors offer smaller and cheaper devices, though people question their profitability.

The Kaspa network is no longer open to small-scale or solo mining. To get the block reward, you must join the best pool. The Kaspa team does not control pool creation and hopes that the balance of hash power will happen organically. At the current hashrate, it would be much harder and more expensive for a group of miners to take over 51% of the hashrate.

Also read: Antminer L9 Coming Soon: Will Change Litecoin and Dogecoin Mining?

Kaspa’s network follows one of Satoshi Nakamoto’s earlier suggestions. The Bitcoin creation schedule was supposed to be much shorter. This idea led Kaspa to offer accelerated coin production, with halving coming more often.

Kaspa will have a total of 28.7B coins, with a halving occurring once a year. At the current hashrate, more than 23B coins have already been produced, making up more than 82% of the total supply. The competition for the remaining coins will be fiercer, and after that, miners will have to cover their costs through fees.

Mining Accelerates in Expectation of KAS Price Action

KAS is on track to celebrate its second anniversary since trading started. For the past two years, it has gone from a low-priced coin at $0.00018 to a peak of $0.18. KAS is currently trading at $0.14, with trading volumes close to $50M.

See also  Cleanspark Nears Approval for Tennessee Bitcoin Mining Facility

Most KAS trading happens through ByBit, Gate.IO and KuCoin, while hoping for a Binance listing. With the expansion of Kaspa’s popularity, miners may also try to accumulate coins in expectation of positive price action.

I beat the drum on $KAS all of 2023. It takes work to put out content, to spread knowledge. It’s nice to see many more people have taken on the work of sharing the fundamentals, as well.

Many hands make light work. The more the better. We who have conviction all benefit for the… pic.twitter.com/qcWcG0XOWs

— Jim, S𐤊i ₿um ⛷️ (@Cryptographur) May 30, 2024

Because of its large supply, KAS is relatively visible, almost entering the top 30 assets based on market capitalization.

Kaspa has been distributed to around 500K addresses, holding more than a “dust” amount. People are adopting Kaspa relatively slowly in 2024 as they are giving more attention to meme tokens, which can be acquired faster.

The Kaspa community expects price growth to $1 from current levels. However, KAS can only move up if L1 narratives come to the front again. Kaspa’s blockchain uses its DAG structure and speed and mining to grow its influence. The network is still late regarding token creation and value-generating projects.

Let me tell you a story about a guy who had 0 dev skills… (see pictures).
From the creator of https://t.co/4rqX8esCer for $kas stats, I bring you https://t.co/oi76QOv1n8!

Deploying a krc-20 token on #kaspa DAG will be a breeze in just a few clicks.

The below are just drafts… pic.twitter.com/vUZbYYxM1r

— Kaspador (@Kaspador) May 24, 2024

In the future, Kaspa may expect to carry products that combine Bitcoin’s security with Ethereum’s use cases. Bitcoin’s tokenization and Ethereum’s developed ecosystem pose significant competition for the blockchain.

See also  BTFD Enters the Market With Staking Feature and Telegram P2E Game

Cryptopolitan reporting by Hristina Vasileva

Tags: AcceleratesgameGrowthIndustrialjoinKaspaMinersMining

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