The post ViaBTC Introduces “Zero Fee Month”: Mine KAS To Earn Extra 4% In Revenue appeared first on Coinpedia Fintech News
Following the Merge and the closure of Ethereum’s PoW mining, many GPU miners had to look for the next promising crypto, and that’s when Kaspa came to the attention of miners. In Q1 2023, Kaspa quickly gained traction due to a surge in its token price and released Rust Alpha on April 16. Kaspa mining is based on the kHeavyHash algorithm, which has ASIC-resistant properties that facilitate GPU mining. Additionally, Kaspa uses the PHANTOM protocol, which is based on Nakamoto Consensus, to optimize its security and speed, making it an appealing choice among many miners.
What is Kaspa?
Kaspa is an open-source, decentralized, and scalable Layer1 project based on Proof-of-Work (PoW) and the world’s first BlockDAG. Its BlockDAG structure, which enables fast block generation, further decentralizes Kaspa mining, while still ensuring effective SOLO mining with low hashrates. These innovative technologies, along with the project’s unique scalability and the completion of the Rust rewrite in April, help Kaspa process blocks and transactions faster and more efficiently.
Since 2023 kicked off, the Kaspa hashrate has tripled. From March 2023 to now, the figure soared from 400TH/s to over 1,000TH/s. As of May, the KAS hashrate stands at 1,105.4TH/s, with a block reward of 233.08 KAS. It’s fair to say that KAS is the No.1 crypto in GPU mining in terms of hashrate, far surpassing well-known GPU mining projects like ETC.
Source: minerstat.com
Mine KAS through ViaBTC Pool to enjoy zero fees
Putting users first, ViaBTC is a top crypto mining pool offering comprehensive services to global users. In its early days, ViaBTC rapidly emerged as one of the top five pools globally in terms of the BTC hashrate, attracting plenty of miners worldwide. The pool now still holds 8.4% of the global BTC hashrate, ranking among the top five BTC pools.
As an all-inclusive pool, ViaBTC offers distinctive features:
Smart Mining: ViaBTC introduced the Smart Mining model to help users mine multiple cryptos more effectively. Specifically, the feature allows users to generate higher profits compared to mining a single coin by automatically directing hashing power to the most profitable coin among cryptos that use the same algorithm.
Revenue Sharing: This feature mainly applies to partnered mining with multiple participants and mining farm settlements. By setting the sharing ratio of the relevant accounts, the system automatically allocates the daily mining revenue based on the predetermined distribution settings.
With a first-rate tech team and constant product improvement, ViaBTC has steadily marched forward in the crypto space, despite its ups and downs, providing secure, stable, and efficient one-stop mining services for over one million users in more than 130 countries and regions worldwide.
Recently, ViaBTC launched KAS mining and introduced “Enjoy ZERO fee rate for 1 month”, an amazing giveaway program as a token of gratitude for miners’ continued support and concern. By giving back through profit-sharing, ViaBTC enables miners to maximize their earnings.
Enjoy ZERO fee rate for 1 month
1. Duration: May 31 – June 30, 2023 (UTC)
2. Rules: During the program, all users participating in KAS mining on ViaBTC could enjoy ZERO fees. Normal fees will be charged after the event ends.
For example, according to Kaspa Explorer, as of May 8, the KAS hashrate stands at 1,129TH/s, with a daily total mining output of approximately 20,138,112 KAS. Assuming a miner is mining KAS under the PPS+ payment method with 4% fees and 0.01TH/s hashrate, prior to the event, the user would be earning approximately 171.24 KAS (0.01/1129 * 20,138,112 * (1-4%)), and the monthly revenue would be around 5,137.2 KAS (30 * 171.24).
During the zero-fee program:
The daily revenue for mining KAS alone would be around 178.37 KAS (0.01/1129 * 20,138,112), and the total monthly revenue would reach 5,351.1 KAS (30 * 178.37), allowing the miner to earn an additional revenue of about 213.9 KAS.
The zero-fee program will last a whole month, and miners can join ViaBTC and start mining KAS now through the following link: https://www.viabtc.com/
Advantages of mining KAS in ViaBTC:
1) Revenue is settled every 10 minutes
In KAS mining pool, revenue is settled and distributed to accounts every 10 minutes.
Users can check revenue details and withdraw mining revenue at any time.
2) Multiple asset management methods are supported.
Transfer within ViaBTC Pool charges 0 fees.
Withdrawal to CoinEx Exchange charges 0 fees and is processed immediately.
Users can withdraw cryptos (at least 10 KAS) to a wallet address manually, with fees consistent with the fee charged by the KAS network (i.e. 0.0001 KAS).
Cryptos can be withdrawn automatically with 0 fees to a wallet address or CoinEx account (https://www.coinex.com/).
KAS Mining Guide
The KAS mining algorithm is kHeavyHash, which supports GPU mining (mining just KAS) or merged mining (mining ETC & KAS).
1. Mining machines & mining environment:
Mining machines: GPU mining (AMD/NVIDA) and mainstream GPU (3GB or above, 6GB or above if Duo Mining)
ASIC miners is applicable for KAS mining:
Antminer (KS3)
Glacier Miner (KS1 and KS2)
Operating system: Windows, Linux.
Mining software: GMiner, lolMiner, BzMiner, etc..
2. Register a ViaBTC account:
Visit the ViaBTC website, and register an account with your email.
3. Select KAS mining in ViaBTC Pool
For more detailed instructions, please refer to the official mining tutorial.