Whenever PoW public chains are talked about, there will be discussions about issues such as high latency, slow transaction confirmation, and low throughput. As the oldest consensus mechanism in the blockchain, projects that used the PoW mechanism in the past were difficult to achieve breakthroughs in the above points. Until the emergence of the dark horse Kaspa, people began to realize that the original public chain based on the PoW mechanism was also expected to be able to solve the problem of the blockchain. "Impossible Triangle" problem.
Kaspa is a public chain focused on solving the "Impossible Triangle". It is technology-oriented and has the characteristics of decentralization, high security and high stability of early cryptocurrencies such as Bitcoin and Ethereum. However, further optimization and improvements have been made in terms of scalability and high performance.
The introduction of blockDAG technology makes Kaspa different from traditional public chains in the past. The multi-task "multi-thread" block generation mode means that it can create multiple blocks at a second-level speed, match more transactions at the same time, and achieve almost instant confirmation. How to understand multi-threading? To give a simple example, due to various limitations, computers in the past could only support opening one task window at a time, which was the single-threaded mode; but today's computers can perform multiple tasks at the same time, while playing games. You can open the software and listen to music.
In addition, the use of multiple innovative technologies such as the GhostDAG protocol, PHANTOM protocol, and kHeavyHash algorithm has solved most Layer 1 problems and has the advantages of public chains such as Bitcoin and Ethereum. Currently, its team maintains a high frequency of technical updates, and currently plans to rewrite the RUST language, upgrade to the DAGKNIGHT protocol, and develop wallets. Usually, the more frequent the technology updates, the more dynamic the project is.
The strong rise of Kaspa has made up for the gap in the GPU graphics card computing power mining market. Since the launch of the mainnet in November 2021, the price of its token KAS has increased more than a hundred times. The high mining income makes Kaspa an ideal “footprint” for current graphics card computing power miners. Judging from the current market capitalization data, among all PoW public chains, Kaspa once surpassed established public chains such as KDA and RVN, ranking 11th with a market capitalization of nearly US$300 million.
Currently, according to blockchain browser data, Kaspa network computing power exceeds 1.15 PH/s, Ethereum Classic network computing power is 119.31 TH/s, and KAS computing power is almost ten times that of ETC, which is enough to show that KAS mining Mine popularity among miners.
The threshold for KAS mining is low, and anyone using common graphics cards such as RTX 3070 or some ASIC mining machines can participate in mining. According to the mining machine revenue calculation data on the ViaBTC official website, it can be seen that the most profitable one currently is the ANTMINER KS3 mining machine launched by BITMAIN. Its official price is US$49,800 and its rated computing power is 8.3 TH/s.
In addition, K10 (kHeavyHash), MultMiner M2 (kHeavyHash) and RTX 4090 8 cards also have good revenue performance.
https://www.viabtc.com/tools/miner KAS 挖礦教程
Miners with large computing power can deploy a separate virtual server to run Kaspa nodes. But this requires significant bandwidth and disk space requirements, and the nodes should remain online 24 hours a day.
For miners with small computing power, choosing a suitable mining pool to join mining is the best choice.
1. Mining equipment selection
The current mining equipment is mainly GPU (NVIDIA & AMD), mainstream GPU (video memory is not less than 3 GB, such as dual mining video memory is not less than 6 GB).
Supports some FPGA mining rigs (K10, Multminer M2) and ASIC mining rigs (ANTMINER KS3).
2. Selection of mining pool
Just choose a mining pool with low latency, low rejection rate, and fast revenue settlement. It is currently understood that ViaBTC has recently launched the KAS mining pool. Since its launch, it has achieved 0 rejection rate, the network connection is very stable, and it supports automatic payment of mining income every 10 minutes. ViaBTC’s “0 fee” KAS mining month-long campaign is still ongoing and is a good option for KAS miners.
3. Prepare a wallet to receive KAS mining income
It can be KASPA WALLETS or other third-party wallets, or it can be an exchange wallet. The advantage of choosing an exchange wallet is that it facilitates transaction circulation. For miners who are in urgent need of cash flow, it is recommended to choose an exchange wallet. In addition, some mining pools with exchange ecosystems support 0-fee withdrawals. For example, KAS mining income obtained from ViaBTC can be withdrawn to CoinEx without fees.
4. Download mining software
Mining software includes: GMiner, lolMiner, BzMiner, etc. Operating systems: Windows, Linux
5. Set mining parameters
Here we take configuring an ASIC mining machine for KAS mining as an example: enter the IP address of the mining machine in the browser address bar, enter the mining machine background and set the following information:
Pool /URL：1、stratum+tcp://mining.viabtc.io:30152、 stratum+tcp://mining.viabtc.io:315
Set the username and password, then save the settings, and finally select the revenue settlement method on the mining pool page, such as PPLNS and SOLO. After the mining machine has been running for about 10-15 minutes and is stably connected to the mining pool, you can go to the official website of the mining pool to check the income.
Summarize
Currently, the market value of KAS is only 11% of ETC, but the computing power of the Kaspa network ranks first among GPU mining currencies. This shows that most current miners recognize the future value of KAS and are willing to transfer their computing power to the Kaspa network. Over time, the advantages of KAS mining such as lower energy consumption, higher efficiency, and better security will become more prominent, which will make it more competitive in the future cryptocurrency market.
–This article is provided by the official and does not represent Zombit’s position or investment advice–
This article Kaspa: The leader of the new era of PoW, why is it called a more suitable cryptocurrency for the future? First appeared in Zombit.
