Among Proof of Work (PoW) cryptos, KAS has emerged as one of the most popular coins in recent years. Since the launch of its mainnet in 2021, the price of KAS has skyrocketed, increasing nearly 900-fold. Even in a bearish market, KAS has maintained a steady upward trend. According to data from CoinEx, KAS's price has surged by 422.23% over the past year, reaching an all-time high of $0.1908 on July 2.
As the coin's price continues to soar, the daily earnings from KAS mining have also risen. Data from MiningPoolStats on July 8 shows that the daily output value of KAS reached $1.52 million, ranking it third after BTC and DOGE, which has a daily output value of $1.64 million. This significant increase in daily output value is a substantial benefit for KAS miners. So, how are the earnings of KAS miners shaping up as the coin price continues to rise?
KAS's Reduction Mechanism
Understanding KAS's production reduction mechanism is crucial before assessing the profitability of mining KAS. Most PoW projects use a halving mechanism similar to Bitcoin to prevent inflation from excessive coin issuance, and Kaspa is no exception.
Unlike Bitcoin's four-year halving cycle, Kaspa reduces its production more gradually. For the first six months, the issuance rate remains constant. After that, the rate decreases every month, following a formula that reduces the production to (1/2)^(1/12) of the previous month's amount, resulting in an annual halving.
For instance, in July 2024, Kaspa's emission is about 98 KAS per second, which equates to a daily production of approximately 8,467,200 KAS. From August 6, the emission will drop to around 92.5 KAS per second, with a daily production of 7,992,000 KAS. By July 2025, the emission will further decrease to about 49 KAS per second, resulting in a daily production of 4,233,600 KAS. Consequently, miners who start early will mine more KAS.
Benefit for KAS Miners
As more people join the KAS mining effort, the network hashrate surges, making GPU mining obsolete due to its low profitability. Currently, the preferred method is using ASIC miners. For instance, the Antminer KS5, a high-performance miner, offers a hash rate exceeding 20T and excellent energy efficiency, albeit at a high price. Conversely, smaller miners like the Goldshell KA BOX PRO, with a hash rate of about 1T, are more suitable for home use.
Given the current total network hash rate of 450P, a single Antminer KS5 can mine:
20 / (450 * 1000) * 8,467,200 = 376.32 KAS per day.
With KAS priced at $0.18, this translates to a monthly income of:
0.18 * 376.32 * 30 = $2,032.13.
Assuming electricity costs are $0.03 per kilowatt-hour, the monthly electricity cost would be about $64.8, resulting in a net monthly profit of approximately $1,967 for the Antminer KS5.
Despite its impressive performance and low power consumption, the Antminer KS5 generates noise levels of up to 75dB, making it more suitable for large-scale mining operations. Home miners might prefer quieter options like the KA BOX PRO, which operates below 35dB while yielding good returns.
Under the same conditions, a single KA BOX PRO can mine:
1.6 / (450 * 1000) * 8,467,200 = 30.11 KAS per day.
This results in a monthly income of about:
0.18 * 30.11 * 30 = $162.57.
With monthly electricity costs around $12.96, the net profit for a KA BOX PRO is about $150. In contrast, a professional Bitcoin miner like the Antminer S19 yields a net monthly profit of only $78.30.
If KAS prices continue to rise, early miners stand to gain significantly when they sell their coins later. For instance, miners who started three months ago and sell now could see a 50% increase in their earnings. This demonstrates that current KAS miners are reaping substantial profits due to the ongoing rise in coin prices.
Additionally, ViaBTC’s KAS mining pool supports the PPS+ payment method. This model ensures that miners receive stable and continuous earnings without worrying about daily luck values or block generation success.
For more detailed information about KAS mining, please visit the official ViaBTC Help Center.