Crypto science

Bitmain Unveils Miner for Kaspa Cryptocurrency Mining

Bitmain, the largest global manufacturer of mining equipment, has started accepting orders for the KS3 device designed for mining the Kaspa (KAS) cryptocurrency.
Customers can now place deposits with a limit of up to 30 units per order. The company, however, has not disclosed the device’s price and instead offered a guessing game. The winner of this lottery will receive a $10,000 coupon from the manufacturer.

Delivery of the devices to customers is expected to begin in August.

KS3 provides a hashrate of 8.3 TH/s with a power consumption of 3,188 watts.
The Kaspa cryptocurrency is based on the GhostDAG/PHANTOM protocol, referred to as the “scalable generalization of Bitcoin’s consensus” in the project.

Unlike traditional blockchains, the network does not discard parallel blocks but includes them in the network. Similar to a directed acyclic graph (DAG), all blocks strive to become “ancestors” for newer ones, while maintaining a strict order that enables tracking of transactions and coins.
The protocol operates at a speed of approximately one block per second, with the team aiming to increase this figure tenfold.

KAS is currently trading around $0.019. Since reaching a peak of $0.04 in April 2022, its price has declined by over 55%. Over the past 30 days, the coin has depreciated by approximately 31%.

With a market capitalization of $343.5 million, KAS ranks 113th on CoinGecko.

It is worth noting that in December 2022, Bitmain released the Antminer HS3 miner for mining Handshake (HNS), which resulted in a price decrease for the altcoin.

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