Kaspa miners are experiencing a remarkable increase in earnings as the network prepares for a significant upgrade to its reward structure.
Miner Earnings Surge in Kaspa
Kaspa miners accrued nearly 1,000,000 KAS in fees yesterday, primarily due to KRC-20 token minting. This single-day earnings eclipsed total fee revenues for the previous month by over threefold. This turn of events follows a period of record-low fees over the prior six months.
Crescendo Hardfork: Reward Structure Update
The upcoming Crescendo Hardfork will optimize mining incentives in the Kaspa network by shifting from a per-block to a per-second reward system, increasing the number of rewarded miners tenfold and reducing payout waiting times, enhancing the network's mining appeal.
Network Impact and Future Outlook
Efforts to improve reward frequency and predictability are likely to attract new hash power to Kaspa, boosting decentralization and censorship resistance. Alongside the recent dramatic surge in miner earnings, these developments signal a potential trend reversal for the network.
With the Crescendo network upgrade and soaring miner earnings, Kaspa is showing signs of a potential comeback. These events could greatly impact the network's future trajectory.
