Alephium (ALPH) 是下一个 Kaspa (KAS) 吗？热门 YouTuber 讲述了这一案例

拥有超过 60 万订阅者的热门加密货币 YouTube 频道“VoskCoin”本周发布了一段病毒视频。他们概述了 ALPH 在即将到来的牛市周期中可能产生类似 KAS 收益的原因。

Popular crypto YouTuber “VoskCoin,” who has over 600k subscribers, posted a video this week discussing why ALPH could potentially produce gains like KAS in the next bull cycle.

拥有超过 60 万订阅者的热门加密 YouTube 用户“VoskCoin”本周发布了一段视频，讨论为什么 ALPH 可能在下一个牛市周期中产生像 KAS 这样的收益。

Kaspa (KAS) has been incredibly profitable for miners, providing potential 20x gains for early adopters. ALPH is now gaining attention because it’s also minable, like KAS.

Kaspa (KAS) 为矿工带来了令人难以置信的利润，为早期采用者提供了 20 倍的潜在收益。 ALPH 现在越来越受到关注，因为它和 KAS 一样都是可开采的。

Kaspa, which uses BlockDAG technology, is currently the 27th largest cryptocurrency by market cap at around $4 billion. Notably, KAS is not listed on major exchanges like Binance, Coinbase, or Kraken, yet it remains a significant player in the crypto market.

Kaspa 使用 BlockDAG 技术，目前是市值第 27 位的加密货币，市值约为 40 亿美元。值得注意的是，KAS 并未在 Binance、Coinbase 或 Kraken 等主要交易所上市，但它仍然是加密货币市场的重要参与者。

On the other hand, ALPH Coin ranks 280th by market cap with around $140 million. While its market cap is much smaller than KAS, ALPH has gained 856% in the past year, outperforming Kaspa’s 352% gain. This impressive growth suggests ALPH has the potential for further increases, possibly 10x or 20x.

另一方面，ALPH Coin 的市值排名第 280 位，约为 1.4 亿美元。虽然其市值远小于 KAS，但 ALPH 在过去一年中上涨了 856%，超过了 Kaspa 352% 的涨幅。这一令人印象深刻的增长表明 ALPH 有进一步增长的潜力，可能是 10 倍或 20 倍。

Kaspa’s mining rewards are slowing down because its emissions are stepping down over time, which will make the coin more difficult to mine and reduce mining profitability in the next year.

Kaspa 的采矿奖励正在放缓，因为其排放量随着时间的推移而减少，这将使该货币更加难以开采，并降低明年的采矿盈利能力。

The emissions (new coins mined daily) for ALPH are much lower, only about $80,000 per day compared to $1.25 million for Kaspa. If ALPH grows similarly to Kaspa, its daily emissions could rise significantly.

ALPH 的排放量（每天开采的新币）要低得多，每天仅为 8 万美元左右，而 Kaspa 的排放量为 125 万美元。如果 ALPH 的增长与 Kaspa 类似，其每日排放量可能会大幅增加。

ALPH’s mining uses a method called “Proof of Less Work,” which aims to reduce energy consumption by burning ALPH tokens instead of increasing computing power at scale, essentially capping the energy usage for large miners.

ALPH 的挖矿采用了一种名为“减少工作量证明”的方法，旨在通过燃烧 ALPH 代币来减少能源消耗，而不是大规模增加算力，从本质上限制大型矿工的能源使用。

Currently, ALPH mining is highly profitable, with top-tier miners earning up to $192 per day, potentially making $70,000 per year. Kaspa miners, like the KS5 Pro, also remain very profitable but will see declining rewards as emissions step down.

目前，ALPH 挖矿利润丰厚，顶级矿工每天收入高达 192 美元，每年可能赚取 70,000 美元。 Kaspa 矿机（如 KS5 Pro）也仍然非常有利可图，但随着排放量的减少，回报将会下降。

Both ALPH and KAS are competing for a place as scalable, decentralized blockchain platforms. While ALPH is trying to differentiate itself with innovative sharding and proof of less work, it remains to be seen if it can replicate Kaspa’s success.

ALPH 和 KAS 都在争夺可扩展、去中心化区块链平台的一席之地。虽然 ALPH 试图通过创新的分片和更少的工作证明来使自己脱颖而出，但它是否能复制 Kaspa 的成功还有待观察。

The video concludes by discussing the risks of mining in the current market, with many miners potentially overestimating future profits, especially as competing against large mining farms becomes harder.

视频最后讨论了当前市场的挖矿风险，许多矿商可能高估了未来的利润，尤其是在与大型矿场的竞争变得更加困难的情况下。

While ALPH could be in a good position for the next market cycle, it’s unlikely to replicate Kaspa’s exact trajectory. The key to ALPH’s success lies in the market’s direction. If a new bull run occurs, ALPH could gain major value.

虽然 ALPH 可能在下一个市场周期中处于有利位置，但它不太可能复制 Kaspa 的确切轨迹。 ALPH成功的关键在于市场的方向。如果出现新的牛市，ALPH 可能会获得重大价值。

However, it’s important to note the worst-case scenario: ALPH could become like Kadena, where mining rigs were highly profitable for a short time before collapsing, leading to significant losses for miners.

然而，重要的是要注意最坏的情况：ALPH 可能会像嘉手纳那样，矿机在崩溃之前短时间内获得高额利润，从而导致矿工遭受重大损失。