Regarded as the most promising PoW coin, KAS has surpassed the expectations of miners and investors alike.
Over the past year, Kaspa has seen a remarkable surge in hashrate, skyrocketing from 400 TH/s to 94 PH/s, a whopping 23,400% increase; the KAS price has soared from $0.008 to $0.14, a remarkable growth of 1,650%. With a market cap surpassing senior cryptos like CFX, ZEC, and RVN, KAS has secured a solid spot among the top 30 cryptos.
Currently ranked seventh in market cap among PoW coins, KAS trails behind long-established projects such as BTC, DOGE, LTC, BCH, XMR, and ETC. Despite being live for two years, KAS boasts untapped potential for future innovations and applications.
How to Acquire KAS?
For users, the top concern is how to get KAS. Besides spot purchases on major exchanges, mining is the best way to acquire KAS.
As the KAS hashrate grows, more efficient ASIC miners are integrated into mining operations. In this context, acquiring KAS through mining requires some finesse.
Joining KAS Mining
Before venturing into KAS mining, the first step is selecting the right mining rig. While KAS mining could be done with GPUs earlier this year, it might not be a good idea to mine KAS with traditional graphics cards at the current stage. ViaBTC’s Mining Profit Rankings show that using 3070 GPUs and similar traditional graphics cards for KAS mining could result in substantial losses.
Professional ASIC miners like TheWindMiner K9, Antminer KS3, and ICERIVER KAS KS3 are recommended when choosing mining rigs. With the current hashrate at 97.58P and KAS price at $0.12, a TheWindMiner K9 can yield a daily net profit of $156.73, assuming the electricity cost to be $0.05/kWh.
Before purchasing mining rigs, you could check the yields of different models through the Mining Profit Rankings on ViaBTC and calculate the payback period based on the equipment cost. This preparation, which might sound complicated, will help you make the optimal investment choice.
Selecting a Mining Pool
The rapid growth of the KAS hashrate makes solo mining increasingly challenging. As such, joining a reliable mining pool like BTC miners is the best way to ensure a stable income from KAS mining. This is also why miners must choose the right mining pool after purchasing the rig.
Considering most KAS mining pools make payments under the PPLNS model, the mining revenue is closely tied to the pool’s actual block output. For the sake of stability, well-established pools with a high luck value are recommended.
ViaBTC, an all-encompassing global mining pool, now offers KAS mining services. With a seven-year track record of stable operations in BTC mining, ViaBTC boasts a total luck value of 100.16%, ranking top in the industry. Through six months of growth, its KAS pool maintains an impressive total luck value of 99.23%.
Besides, ViaBTC provides transparent, diverse settlement and management services. With profits settled every 10 minutes and an option for auto conversion to USDT every hour, miners can streamline their operations, eliminating the need for manual transactions. In addition, the platform also offers auto withdrawals to preset addresses, with zero fees charged, facilitating quick asset management while saving time and costs.
ViaBTC also supports free withdrawals to CoinEx, one of the earliest crypto exchanges to support KAS. This cool feature will be a cost-effective and efficient off-ramp option if you are an active trader.
After you select the mining rig and pool, it’s time to start mining. Before diving in, be sure to read the KAS Mining Guide. On ViaBTC, all you have to do is follow all the steps specified in the guide and patiently wait for your KAS earnings to roll in!
Disclaimer
This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
