Marathon Digital, a bitcoin (BTC) mining company listed in the United States, announced on Wednesday (26th) that the company is diversifying its mining revenue by mining the native token K of Layer 1 protocol Kaspa.
In a statement, Marathon indicated that Kaspa Proof of Work as its consensus mechanism but differs from Bitcoin’s blockchain by incorporating BlockD, which allows multiple blocks to be produced simultaneously. Currently, the Kaspa network processes block per second, accelerating transaction speed and providing miners with opportunities to potentially earn more block within specific time.
Adam Swick, Chief Growth Officer at Marathon stated:
Following Marathon’s announcement, the price KAS tokens rose by nearly 8% within 8 hours. The token has seen an increase of nearly 60% since the beginning of this year, surpassing Bitcoin’s rise of about 44%. As of press time, KAS was trading $0.181.
Marathon stated in their release that they began evaluating Kas as a potential means to diversify their income starting from May last year and expanded their operations for Kaspa mining after deploying their first miner in September. As of June 25, Marathon has mined approximately 93 million KAS tokens worth around $15 million.
Following the crypto winter period when bitcoin miners have been seeking income divers due to intensified industry competition about by recent halving events. Many miners have been utilizing their existing infrastructure to meet artificial intelligenceAI) and other computational demands.
Source: 提供的资料
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…