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

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

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

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

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

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

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    CryptoPunks and Pudgy Penguins Draw Major Sales

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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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

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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

    Enhancing Security in Online Gambling with Blockchain Technology

    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

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

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

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

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

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

    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

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

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    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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

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

    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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    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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

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

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    What’s the Difference & Which Is Better to Trade?

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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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

Core Scientific investors expected to resist CoreWeave’s merger bid

A Remarkable Achievement in Bitcoin Mining

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  Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth 

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  New Brunswick Imposes Ban on N.B. Power Supplying Energy to Cryptocurrency Mining Operations

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  Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

Cryptopolitan reporting by Hristina Vasileva

Tags: AcceleratesgameGrowthIndustrialjoinKaspaMinersMining

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