Why Kaspa Miners Are Smiling: Massive KAS Fee Surge Signals a Price Comeback

As we predicted in our last Kaspa price prediction, if price breaks above $0.078, we might see a retest of the $0.080 range, and this is what we are seeing this weekend.

Kaspa miners are smiling wider as the recent surge in KRC-20 token minting drove up the daily revenue from block fees to nearly 1 million KAS, which is more than triple the monthly average.

This was highlighted by ‘Kaspa Report’ in another X thread segmenting the network's performance.

Miners Received Nearly 1 Million KAS Yesterday in Fees, Mostly From KRC-20 Token Minting

This single-day payout is more than triple the total fees received by miners over the preceding month.

Yesterday, Kaspa miners received nearly 1 million KAS in fees, primarily from KRC-20 token minting. This single-day payout eclipses the total fees received by miners over the entirety of the preceding month by more than threefold. Here's a brief thread… 🧵1/8 https://t.co/4cwooAinQY pic.twitter.com/QqfU9qQ4c5

The upcoming Crescendo Hardfork will further optimize mining incentives for Kaspa by introducing a change to the reward structure. The network will switch from a per-block reward to a per-second reward system, while simultaneously increasing the block creation rate tenfold.

This architectural change will allow ten times as many miners to be rewarded per second, drastically reducing the waiting time for miners to be compensated for the hashrate they contribute to the network. As explained by Kaspa Report, to put this in simpler terms, imagine having two coal mines, one pays daily, and the other pays once every 6,000 days (16 years) - the choice becomes clear.

The implications of this change for decentralized mining are huge. By making rewards more frequent and predictable, Kaspa is well-positioned to capture hashrate from other proof-of-work networks. This increase in network mining decentralization and hashrate will also enhance Kaspa's censorship resistance - a critical factor that distinguishes truly decentralized networks from those where a small group or even a single individual holds the reins of decision-making.

With these developments unfolding and considering the recent surge in mining fees, those betting against Kaspa might be in for a surprise as the network shows signs of a potential comeback.