ViaBTC | Earnings Skyrocketing! Is It Too Late to Start Mining KAS?
Over the last six months, Kaspa (KAS) has become the center of attention for GPU miners. According to CoinEx, as of June 9, KAS saw a surge of 106.2% in the last two quarters, making it one of the most profitable cryptos during the period. Recently, ViaBTC, a top crypto mining pool, announced the launch of the KAS pool and introduced a one-month zero-fee KAS mining program, offering an enabling mining environment to KAS miners.
As KAS rises in both price and popularity, its mining difficulty also soared. Data from minerstat suggests that the mining difficulty of KAS has grown over 150% since last December, from approximately 100,000 to over 250,000, as of June 9.
How did the spike in difficulty and price affect the mining revenue? Let’s compare the earnings of a miner who started mining on January 1 with a miner who starts mining today:
Let’s assume that both miners are using RTX 3080, a common GPU used for mining, with an electricity cost of $0.03/kWh. Under the KHeavyHash algorithm, the hashrate of RTX 3080 is 750.0 MH/s, with a power consumption of 130W.
Under those conditions, if miner A started mining on January 1, with a network hashrate of 388.6002 TH/s and a block reward of 293.6647679 KAS, his daily revenue would be:
750.0/(388.6002*1000000)*(293.6647679*60*60*24)=48.97 KAS
His daily electricity bill would be: 0.13*24*0.03=$0.0936
The KAS price was 0.00531 USDT on January 1, and if miner A were to sell the KAS he mined on the same day, neglecting depreciation, the daily profit would be:
0.00531*48.97–0.0936=$0.166, and his theoretical monthly profit per GPU would be about $4.98.
If miner A started mining on June 9 under the same conditions, with a network hashrate of 1.0939 PH/s and a block reward of 207.6523488 KAS, his daily revenue would be:
750.0/(1093.9*1000000)*(207.6523488*60*60*24)=12.30 KAS
His daily electricity bill would be: 0.13*24*0.03=$0.0936
The KAS price stands at 0.01493 USDT on January 1, and if miner B were to sell the KAS he mined on the same day, the daily profit would be:
0.01493*12.30 -0.0936=$0.09, and his theoretical monthly profit per GPU would be about $2.7.
However, in reality, most KAS miners would not sell their coins immediately; instead, they would wait for better timing. For example, if miner A held onto the coins he mined and sold them at the peak price of 0.0388 USDT in April, the daily profit would reach $0.0388*48.97-$0.0936=$1.8, which translates to a theoretical monthly profit per GPU of approximately $54.
These calculations are based on the earnings of RTX 3080, which is a common model, and miners could earn even higher profits using specialized mining machines specifically designed for KHeavyHash.
For example, the mining machine K10 (KHeavyHash) launched by Superscalar offers a hashrate of 29.4 GH/s and a power consumption of 1560W. If miner B were to start mining with this model on June 9, his daily revenue would be:
29.4/(1093.9*1000)*(207.6523488*60*60*24)=482.19 KAS
His daily electricity bill would be: 1.56*24*0.03=$1.12
If miner B were to sell the KAS he mined on the same day, the daily profit would be:
0.01493*482.19 -1.12=$6.07, and his theoretical monthly profit per GPU would be $182.37.
If miner B used Antminer KS3, released by Bitmain in May, with a hashrate of 8.3 TH/s and a power consumption of 3180W, his daily revenue would be: 8.3/1093.9*(207.6523488*60*60*24)= 136129.12KAS
His daily electricity bill would be: 3.18*24*0.03=$2.2896
If miner B were to sell the KAS he mined on the same day, the daily profit would be:
0.01493*136129.12–2.2896=$2030.12, and his theoretical monthly profit per GPU would be $2,030.12, with a theoretical monthly mining profit of $60,903.54!
That said, this expensive mining machine is sold at $49,800. Considering such remarkable returns, however, it’s completely worth the cost, as it pays for itself in less than a month.
The above calculations do not include fees paid to the mining pool. Yet good news is that miners do not have to pay any fees to ViaBTC Pool during the zero-fee KAS mining program, so they can make considerable savings.
Most KAS miners are confident in the future market movement of KAS and, therefore, decide to hold onto their coins. If the KAS price goes up, then miners who joined KAS mining just now could also earn decent profits. As demonstrated in the above example, miner A could earn a daily revenue that’s nearly ten times higher if he sold his coins at the best price, rather than selling them right away.
Driven by high returns and strong market confidence, the KAS hashrate is still rising. If this trend continues, the miner revenue at the current hashrate will decline. Additionally, KAS practices a deflationary model where the output is reduced every month. In our example, miner A, who started mining in January, earned nearly twice as much as miner B who started mining in June. Therefore, miners interested in KAS should seize the opportunity and start mining before the hashrate reaches its peak to earn higher returns.
Click the link to get the full KAS mining tutorial:
