Kaspa Cryptocurrency Mining

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Kaspa Cryptocurrency Mining

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Kaspa is the fastest proof-of-work, mineable coin on the planet. The blockDAG architecture with rapid block rates allow more mining decentralization and enables effective solo-mining at lower hashrates. Fair-launched in November of 2021 with no pre-mine, zero pre-sales, and no coin allocations, Kaspa is 100% decentralized, open-source, and community managed.  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). 

Kaspa mining is based on kHeavyHash, a modified form of the the “optical-miner” ready HeavyHash algorithm. kHeavyhash utilizes matrix multiplication that is framed into 2 keccacs.  kHeavyHash is energy efficient, core dominant and can be successfully mined by GPU, FPGAs and future specialized mining equipment.

Efficient Proof-of-Work

Kaspa is a “pure” proof-of-work, and decentralized digital asset. While many projects are moving away from decentralization in order to scale and operate faster, Kaspa has persevered to solve these scalability and speed issues within a truly  decentralized system.  Decentralization is the heart of all cryptocurrencies, free from the manipulation of  central entities and large stake holders.  In order to keep decentralization intact while addressing any possible environmental negatives associated with mining, Kaspa has strategically chosen kHeavyHash.  This algorithm is a very efficient ‘core heavy’ algorithm that allows very high hashing power per watt (as compared to most PoW algorithms such as ETHash, SHA-256, KawPow). kHeavyHash is also amenable to future optical mining systems which have the potential to utilize even less energy. In addition to utilizing an efficient algorithm, Kaspa’s BlockDAG does not waste any blocks (thus conserving  energy).  Each Kaspa block and chain contributes to the network security and none are discarded as opposed to  Bitcoin and many other POW blockchains that regularly dispose of significant amounts of computational power when duplicate blocks are encountered.

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