It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Kaspa (KAS) is a very interesting crypto project that has been mostly flying well under the radar, but it is starting to get the interest it deservers lately. KAS is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol – a protocol that does not orphan blocks created in parallel, but rather allows them to coexist and orders them in consensus. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 32/sec, with visions of 100/sec) and minuscule confirmation times dominated by internet latency.
Kaspa (KAS) being a PoW coin can be mined and mining is based on kHeavyHash, a modified form of the “optical-miner” ready HeavyHash algorithm. kHeavyhash utilizes matrix multiplication that is framed into 2 keccacs. kHeavyHash is energy efficient, core dominant (requires higher GPU clock and not affected as much by memory) and can be successfully mined by GPU with FPGAs and future specialized mining equipment also possible in the future. The blockDAG architecture of Kaspa with rapid block rates allow more mining decentralization and enables effective solo-mining even at lower hashrates. KAS was launched in November of 2021 with no pre-mine, zero pre-sales, and no coin allocations. The total supply of Kaspa is 28.7 Billion coins with an emission schedule that halves once per year via smooth monthly reductions by a factor of (1/2)^(1/12). The current block reward is 329.63 KAS and the circulating supply is almost half of the total supply with a total market cap of around 50 million USD.
Kaspa (KAS) can be mined on a number of mining pools with the largest one being WoolyPooly, though you might want to check out some of the smaller ones in order to distribute hashrate such as ACC Pool and HashPool. It can be mined on both AMD and Nvidia GPUs with a number of popular miners supporting the kHeavyHash algorithm that the coin uses such as LolMiner, GMiner, BZminer, SRBminer, Team Red Miner and KaspaMiner.
Our preferred GPU miners for Nvidia GPUs are LolMiner and GMiner, and you might want to make sure you are with more up do date video drivers for maximum performance. Also, you might want to lower the memory clock and increase the GPU clock as this is a GPU intensive algorithm and higher clocks for the GPU and increased power limits will get you much more performance boost than overclocking the memory. This also means that the power usage of GPU mining rigs optimized for Kaspa mining will be higher than what you used for Ethash/ETChash mining, though you can remain at the same lower power levels with a bit reduced hashrate of course.
A few crypto exchanges are already supporting KAS trading, these include TxBit, ExBitron, MexC and TradeOgre. There has been a spike of interest and a bit of a price hike in the last few days, so mining profitability is also up with Kaspa getting in the list of the most profitable coins to be mined at the moment.
– For more details you can visit the official Kaspa (KAS) project website…
Lately it hasn’t been easy finding a profitable coins to mine after Ethereum (ETH) switched to PoS, but there are some new projects that are worth checking out as they are gaining user attention. Interestingly enough they are not using the Ethash mining algorithm that has been used by ETH, but instead rely on KawPoW – the same algorithm used by RavenCoin (RVN). One of these coins new coins that is doing quite well is called MeowCoin or MEWC that is lately hovering near the top spot in terms of most profitable coin to be mined with GPUs at the current market conditions according to WhattoMine for instance (most profitable compare to other cryptos, not that it may generate a lot of profit).
The according to the Whitepaper of MEWC the aim of the project is tokenizing pets on the blockchain with important information regarding the asset to be lodged and made available for all to see such as Address of owner, Medical history, Microchip number, Animal lineage, Animal pedigree papers etc. Furthermore MeowCoin can apparently also provide the framework which a global pet retail loyalty scheme could be based. Interestingly enough even part of the blockchain reward is held over by the administration of MeowCoin to provide financial donations to animal shelters.
If you are interested in mining MEWC you can try some of the larger mining pools in terms of hashrate supporting the coin already such as , Rplant Mining Pool or PapyMiner Mining Pool or the FastPool Mining Pool. MeowCoin can be traded on a few smaller crypto exchanges as well such as TradeOgre, Graviex, Exbitron, TxBit, although you should have in mind that the trading volume on most of them is not very high, there is already trading going on.
Mining on GPUs for KawPoW coins such as MEWC is possible with a number of mining software solutions such as Z-Enemy Miner, WildRig Multi, XMRig, TeamRedMiner, Bminer, Gminer, NBMiner, TT-Miner and others although our preferred choice currently is to use the latest T-Rex miner for Nvidia GPUs mining RavenCoin (RVN) and othwr KawPoW crypto coins such as MEWC. Besides MeowCoin (MEWC), you might also want to check out two more other new KawPoW crypto coins and these are KawKaw – a gaming oriented crypto and PROCYON COON COIN – another fun meme coin that you can mine.
Ravencoin (RVN) has officially hardforked and has switched the PoW mining algorithm from X16Rv2 to KAWPOW. If you are running a local Ravencoin wallet you need to make sure that you have the latest Ravencoin v4.1.0 release installed. Most mining pools and services supporting RVN have already updated and support the fork, though as usual you should be careful moving coins for a while after the fork just to be on the safe side.
The Mining Rig Rentals service for leasing and renting mining rigs has recently added support for KAWPOW rigs, and so just did the NiceHash hashrate selling/buying service right in time for the fork. It will be interesting to see what will happen and if NiceHash could end up being more profitable than directly mining for Ravencoin with the user attention that the fork is generating already. And although the fork should drive away ASIC miners from the Ravencoin network the NiceHaash support could bring a lot of mining hashrate from GPU users that are not interested in RVN itself, but are in it just for the sake of better profit. AMD GPU miners can mine RVN with the new KAWPOW algorithm only using NBMiner for now at least. Nvidia GPU miners have much more choice for mining software such as kawpowminer, TT-Miner, GMiner, T-Rex, Z-enemy and Bminer. The latest kawpowminer and TT-Miner do not have dev fees, others do have 1% or 2% fee, so while performance is very similar with all of them the difference in terms of development fee can influence the decision you make.