• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Kaspa’s Accelerated Hashrate Growth

user avatar

by Giorgi Kostiuk

10 months ago


  1. Kaspa’s Accelerated Hashrate Growth
  2. Parallels Between Bitcoin and Kaspa’s Development
  3. A Growing Interest in Kaspa Among Miners

  4. Crypto analyst Mikro (@mikroweller) highlighted the similarities between Bitcoin’s (BTC) early hashrate growth and that of Kaspa (KAS) in a recent tweet. The analyst points out that Kaspa’s hashrate is increasing at a faster pace than Bitcoin’s did in its early years.

    Kaspa’s Accelerated Hashrate Growth

    In his tweet, Mikro elaborates on Kaspa’s rapid progress in reaching 1 EH/s, a milestone Bitcoin achieved in 2016 after seven years of mining. Kaspa managed to reach the same level in just three years, suggesting a much faster rate of development. The analyst suggests this accelerated timeline is by design, underscoring the effectiveness of Kaspa’s tokenomics.

    $KAS Hashrate looks exactly like early $BTC Hashrate! The road to 1 EH/s looks almost exactly the same for both, Kaspa just did it faster.Mikro (@mikroweller)

    Parallels Between Bitcoin and Kaspa’s Development

    According to Mikro, Kaspa shares several key similarities with Bitcoin, including both following a power law in their log chart structures and having major Bitcoin miners showing interest in Kaspa. While the current Kaspa hashrate is significantly lower than Bitcoin’s—600 times lower, according to the tweet—the analyst posits that Kaspa’s rapid growth may be a sign of things to come. The tweet also raises the point that despite Kaspa’s current market capitalization of $4 billion, the cryptocurrency may still be in its early stages. With a hashrate expected to increase exponentially, some speculate that Kaspa has plenty of room to grow, mirroring Bitcoin’s trajectory but on a faster timeline.

    A Growing Interest in Kaspa Among Miners

    Mikro further points out that some of the largest Bitcoin miners have already begun mining Kaspa, suggesting growing confidence in the project. This observation hints at potential long-term interest in Kaspa’s development. The analyst’s comparisons between the two coins extend to more than just technical factors, touching on broader market behaviors as well. While the tweet acknowledges that it may be a coincidence, the parallels between Kaspa and Bitcoin are difficult to ignore. Kaspa’s faster growth may present a unique opportunity for those interested in early-stage projects, even though its market cap suggests it has already gained traction.

    The comparisons drawn by Mikro indicate the potential for Kaspa to grow rapidly, akin to Bitcoin, but within a shorter timeframe. The growing interest in the project among major miners further confirms Kaspa's prospects in the cryptocurrency market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Strategy Approaches Record of 600,000 BTC: Will Saylor Make the Next Move?

chest

Strategy's holdings rise – currently at 597,325 BTC. Is a new acquisition on the horizon?

user avatarGiorgi Kostiuk

Overview: DOGE Prices Remain Steady, Chainlink Attracts Large Investors

chest

Analyzing the stability of Dogecoin prices and the rapid growth of whale activity in Chainlink.

user avatarGiorgi Kostiuk

June in Cryptocurrency: Funding for AI, DeFi, and RegTech

chest

June brought notable investments in the cryptocurrency industry, covering AI, DeFi, and regulatory technologies.

user avatarGiorgi Kostiuk

Olaxbt Secures $3.38 Million Seed Funding Round with Amber Group at the Helm

chest

Olaxbt, an AI-based cryptocurrency trading platform, raises $3.38 million in seed funding from Amber Group and other investors.

user avatarGiorgi Kostiuk

Anonymous Holder Moves 20,000 BTC, Impacting Market Volatility

chest

The movement of 20,000 BTC from dormant addresses has raised concerns over market stability and investor reactions.

user avatarGiorgi Kostiuk

Ethereum on a Path to $4,100: Bullish Signal and Technical Analysis

chest

Ethereum is regaining momentum, returning to key price levels with a target of $4,100. Technical analysis indicates a possible trend reversal.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.