Bitcoin-Miner Marathon Digital Schärt Kaspa (KAS)

• Marathon Digital (Mara) has announced its 93 million kas worth $ 15 million.
• The Bitcoin miner says that the process is part of the diversification of its sources of income.
• Marathon will provide the full performance of 60 Petahash Kas in the third quarter of 2024.

The Bitcoin (BTC) mining company Marathon Digital has announced that it now boots Kaspa (KAS) to a Layer 1-Proof-of-Work (Pow) coin.

in a Press release Marathon Digital announced in a statement published today that the company has grown as part of its mining activities until June 25th. At that time, the value of the Kaspa token was given was around $ 15 million.

Marathon diversified with Kaspa (Kas) -Mining

According to the Marathon Digital, the step to introduce KAS mining is part of the company's efforts to diversify its sources of income. Adam Swick, Chief Growth Officer from Marathon, said:

"The mining of Kaspa is able to create an income current that deviates from Bitcoin and is directly connected to our core competencies in the area of calculating digital asset",

Swick continued to comment on the decision and found:

"Due to our existing infrastructure, our unique relationships with hardware manufacturers, our strong balance sheet and the expertise of our team, marathon was uniquely positioned to reduce Caspa and benefit from the higher margins that can be used today for those who can use Caspa Asics today.

kaspa is the fifth largest proof-of-work coin

Measured by the market capitalization, Kaspa is currently the fifth largest pow coin in the world with over $ 4.1 billion.

according to Coinmarketcap, top-pow-münzen About Kaspa are after market capitalization Litecoin, bitcoin cash, Dogecoin and Bitcoin.

At the time of writing this article, the cryptocurrency is 28th place Th A total of over 56 million US dollar. Kaspa has a maximum offer of 28.7 billion KAS, with the circulation offer currently being 24 billion kas. The block reward of the network is currently 103.83 CAS.

In contrast to Bitcoin, whose linear blockchain processes mean that a block is created every 10 minutes, Kaspa uses a blockdag mechanism (Directed Acyclic Graph), which enables the creation of several blocks. The current block production is one block per second, which means faster transactions.

Marathons mining force Kaspa

Marathon first dealt with the Kaspa mining in May 2023 and used his first Asics for the Altcoin in September. This new mining operation was then scaled and the company acquired 60 Petahash of the ASICS KS3, KS5 and KS5 Pro.

Asic Miner Value estimates that each of the devices can achieve profits of up to 95 % margin based on the current KAS price and network difficulty. Marathon currently has 50 % of its Caspa mining capacity (30 Petahash) in the facilities of the company in Texas and expects that the remaining capacity will be ready for use in the third quarter of 2024.

The price of KAS rose by 9 % within 24 hours and was around $ 0.175

on Wednesday at 5:13 p.m.