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Cryptocurrency News Articles

How to Ensure Stable KAS Mining Profits

Jul 12, 2024 at 09:15 pm

KAS, the native token of the Kaspa project, was officially launched in November 2021.By becoming part of the Kaspa network and contributing hashrate

How to Ensure Stable KAS Mining Profits

KAS, the native token of the Kaspa project, was officially launched in November 2021. By becoming part of the Kaspa network and contributing hashrate for mining, participants can earn KAS as incentives. According to the price chart of KAS, mining KAS proves to be a profitable endeavor, especially for early adopters who have seen remarkable investment returns.

However, many miners who have recently started mining KAS have yet to benefit from the early price surges of KAS. Therefore, stable mining profit is crucial for these miners, particularly as they await the next surge in KAS prices. KAS Historical Price Chart from CoinMarketCap

How to ensure stable KAS mining profits? Continue reading this article for an in-depth exploration of effective strategies and techniques.

Joining a Mining Pool

To achieve stable mining profits, small-scale miners are advised to avoid solo mining and consider joining a mining pool instead. Currently, the Kaspa network has an impressive hashrate of 388 PH/s, and with the latest generation high-hash rate, low-power-consumption mining rigs like ANTMINER KS5 Pro, ANTMINER KS5, and ICERIVER KAS KS5M hitting the market, mining competition is heating up. For small-scale miners with limited hashrate, solo mining could mean hours or even longer without earning any revenue.

Data recorded on July 12

In such a scenario, joining a mining pool is an effective strategy. By collaborating with other miners to collectively complete mining tasks assigned by the pool, mining revenue are distributed at regular intervals. This approach not only ensures stable mining profits for small-scale miners but also reduces the uncertainties and risks associated with individual mining efforts.

Choosing the Best Payment Method

After selecting a suitable mining pool and before connecting your mining rigs, choosing the payment method is a crucial step. While there are five main payment methods in the market—PPS, PPS+, PPLNS, FPPS, and SOLO—mining pools supporting KAS mining usually offer only 2-3 of these options.

For miners aiming for stable KAS mining profits, mining pools supporting PPS, PPS+, or FPPS payment methods are more suitable. Currently, there are no mining pools that support the FPPS payment method for KAS mining, so this option is not considered for now. Between PPS and PPS+, PPS+ is recommended due to its integration of both PPS and PPLNS, with additional distribution of transaction fees on top of block rewards.

Therefore, under similar conditions, miners opting for PPS+ payment typically earn more than those using PPS, especially during periods of high network transaction volume when this difference becomes more顕著. Recently, with the KRC-200 standard went live successfully, Kaspa network’s transaction volume saw explosive growth on July 1st. From the mining revenue screenshots shared on social media, some miners’ KAS mining profits even quadrupled compared to previous periods.

Image Source: https://x.com/christi61026749/status/1807465508234555878

Regular Maintenance of Mining Rig

To maximize mining profits, miners usually keep their mining rigs running continuously for 24 hours. However, prolonged operation can lead to dust buildup and overheating issues, a common cause of rig failures. Give your mining rigs a break occasionally; regularly inspect their cooling systems, power connections, and hardware status to extend their lifespan and ensure prolonged operational efficiency.

Additionally, checking the network connecting your mining rigs is crucial. Many miners have encountered unexpected interruptions or high rejection rates after joining mining pool, often due to unstable network connections. Therefore, maintaining stable network connectivity is essential to prevent mining interruptions or high rejection rates caused by network issues, ensuring continuous mining operations.

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News source:ambcrypto.com

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Other articles published on Dec 04, 2024