Miners’ Must-Read: What Is the Best Kaspa Mining Pools?
Kaspa network is showcasing its strong performance:
- In the past month, the hashrate of the network has risen by 53% from 51 PH/s to 78 PH/s.
- Over the same period, the KAS price has surged by 160% from $0.05 to $0.13.
Since Ethereum transitioned to the proof-of-stake (PoS) consensus mechanism in September 2022, the era of Ethereum mining, which was based on the Proof of Work (PoW) and valued at tens of billions of dollars, has come to an end. A substantial amount of hashrate has been forced to migrate to other PoW cryptos. Kaspa, which is gaining popularity in the market, owes its rapid growth to the massive hashrate that “fled” from Ethereum during that period.
Since the beginning of 2023, KAS, the native token of the Kaspa network, has experienced a remarkable surge in price, leading to impressive mining profitability. As a result, numerous investors have purchased rigs for KAS mining. As an upstream player in the industry chain, manufacturers are stepping up the production of application-specific integrated circuit (ASIC) mining rigs tailored for the KHeavyHash algorithm to meet the huge market demand for KAS mining.
With high efficiency and low power consumption, a growing number of ASIC rigs have been deployed in the Kaspa network. The hashrate of the network has soared, and the competition has intensified. For miners with limited hashrate, it has become more challenging to obtain stable revenue through traditional mining methods. Therefore, joining a Kaspa mining pool has been a good choice for most small-scale miners.
Considerations for choosing a Kaspa mining pool
According to MiningPoolStats, there are currently over 30 mining pools with KAS mining services. What are the major considerations when you choose from these pools?
01. Consider mining pools recommended on the official website of Kaspa
These pools boast an excellent industry reputation and brand image. Having gone through a long period of development and accumulation, they have enjoyed high popularity within the community.
Kaspa often promotes some well-known mining pools on its social media
02. Consider mining pools with a stable luck value
The luck value, also known as the probability of mining blocks, is the ratio of the actual number of blocks mined to the theoretical number. For example, if a Kaspa mining pool is theoretically expected to mine 10,000 KAS per day, with the luck value being 110%, it means 11,000 KAS have been mined.
Pay Per Last N Shares (PPLNS) is the profit distribution model adopted by most KAS mining pools in the current market. Under this model, the pool allocates the actually mined coins to miners, which could be affected by the luck value, so the profit allocated to miners may fluctuate wildly.
Closely related to the technical expertise of the mining pool, the luck value could fluctuate around 100% in the short term. But if a pool maintains a relatively low luck value over the long term, it raises concerns about the pool’s node deployment and the reliability of its underlying technology.
As shown by the luck index for KAS mining on ViaBTC, the total luck remains around 100%
03. Consider mining pools with fast payouts
For some mining pools, the payout of mining revenue may take 24 hours. In the financial markets, time is money. Especially during some special market conditions, failure in promptly handling the mining revenue may result in significant losses.
Some mining pools support a payout frequency at the 10-minute level. Such pools allow miners to check mining profits in real time, thereby better protecting earnings from potential losses due to market fluctuations.
The best Kaspa mining pool
Preferences and priorities vary among miners. Some miners prioritize reputation, some care about stability, and others focus on earnings.
Currently, F2Pool, HumPool, and KaspaPool are the top three mining pools in terms of KAS hashrate, and all of them enjoy a good reputation. Therefore, these pools are suitable for miners who place great emphasis on reputation and community recognition.
ViaBTC provides faster payouts with a payout frequency at the 10-minute level. It also supports Auto Conversion to USDT (once an hour), which allows miners to make timely decisions, hedge against market fluctuations, and ensure stable mining profits. In addition, ViaBTC launches zero fee rates for mining from time to time, which could help to slash mining costs. For KAS miners who prioritize mining profits, ViaBTC is a good choice.
It should be noted that there are some other excellent mining pools in the market, such as AntPool, Woolypooly, and 2 MINERS. Each of them has its own features. Miners can choose one based on their own needs and preferences. Overall, it is advisable to spend some time on further research and evaluation or gathering more insights and opinions from the community before you make a decision.
