Kadena (KDA) can be mined with ASIC miners like Bitmain Antminer KA3. In this blog, we will guide you through the steps on how to mine Kadena.
A proof-of-work (PoW) consensus algorithm called Chainweb is used by Kadena (KDA), a high-performance blockchain platform, to achieve scalability, security, and speed. You can help secure and confirm transactions on the Kadena network by mining, and you can get paid in KDA in the process. The steps for mining Kadena will be laid out for you in this blog.
Table of Contents
What is Kadena and KDA?
A sizable portion of the team that previously worked on a blockchain project at the renowned JP Morgan company created Kadena, a blockchain that is governed by the Proof of Work consensus. It is a network that is set up to support versatile smart contracts.
It has an architecture called Chainweb that is revolutionary compared to what PoW chains typically are because it has multiple chains that operate simultaneously and concurrently, but its blocks are mined and connected to a single main chain. These qualities give it robustness without compromising its flexibility and capacity for scenario-based adaptation.
The fact that this PoW blockchain was created to be completely compatible with chains governed by the Proof of Stake consensus known as Tendermint is remarkable. Therefore, its connectivity with the Cosmos ecosystem networks is “simple”.
Similar to how Bitcoin is issued, Kadena has its own cryptocurrency, known by the ticker KDA. KDA rewards are given to the miner who is in charge of validating, signing, and adding each new block to the network.
Like BTC, these rewards decrease over time, under the following parameters:
- The reward per block right now is about 2.2 KDA.
- Every 87,600 mined blocks, a 0.3% reduction is carried forward.
- When the 125,538,057th block is mined, this reduction will have reduced the rewards to roughly 0.
As of the time this article was being written, the network had reached block number 2,641,580. When investing in mining KDA, it is an option to take into account the lifespan of the network, which will be fed by the network’s fees once the rewards have been used up.
Let’s now examine the Kadena mining procedure.
Mining Kadena(KDA)
The Kadena mining industry has undergone some changes. PACT is used to create smart contracts in a proof of work blockchain’s hidden generation. In order to mine Kadena, you must understand the following. The blockchain community uses PACT, an intelligent contract language, to meet its needs.
1. You Need an Excellent Mining Hardware
You will need the right mining equipment if you want to mine effectively. ASIC miners are employed by Kadena. Unfortunately for Kadena miners, CPUs and GPUs are not functional. The Blake2S algorithm also supports ASIC mining.
The Antminer KA3 was specifically designed to work with Kadena’s Chainweb proof-of-work consensus algorithm, and has a hashrate of 330 TH/s and power consumption of 2100W. The KA3 KDA miner is a high-performance miner that is capable of mining Kadena more efficiently than general-purpose mining hardware like GPUs (Graphics Processing Units).
2. Make Sure You Have a Kadena Wallet Address
To receive and track your profit, you will need a Kadena wallet address. Every user at 2KDA receives a daily revenue distribution from F2pool as well. You can receive your mined KDA in the ideal wallet, the Kadena node wallet. all you need to do is install it, click receive, and have a new wallet address.
The only way for your hashrate and profit to be tracked and recorded is if you connect your ASIC miner to a mining pool server.
3. Necessary preconfigurations
We must configure the KDA miner before beginning our task as miners. In the configuration of our device we must enter the following information:
- URL: stratum+tcp://kda.f2pool.com:5400
- Username: here we must enter the following information walletAddress.workerName
- Password: We need a strong password that we can remember so that only we can access our miner.
This configuration must be finished before moving on.
4. Choose a Kadena mining pool
Of course, in order to start mining a particular cryptocurrency, as with any other cryptocurrency, we must first establish a connection with a mining pool. There, we will have to register for an account, and after doing so, we will be prepared to receive our KDA mining rewards.
At the moment, there are not too many options in terms of Kadena mining pools, but we have some renowned ones such as:
- F2pool, with a global location, and a fee of 3%, according to the “pay per share” fee system.
- DxPool is a pool that miners can access from anywhere in the world for a 1.5% fee.
- Hashpool, with a 1% fee, is situated in China.
These pools will charge us a percentage for the service they provide, according to the fee payment system. In all the mining pools dedicated to Kadena mentioned above, the “pay per share” method is used.
This means that the pool will charge a fee that will be deducted from the rewards that each miner receives in exchange for their contribution of computational power.
5. Start Mining
Your miner will be ready to start mining once every setting has been completed. To receive your money, be sure to enter your wallet’s address and press the “Go” button.
Reflection on the Future of Kadena
Kadena’s network architecture is incredibly fascinating. It is quite obvious that it is innovative in the Proof of Work blockchain space, and this is not a small point. The price movement of KDA, its enormous explosion, and its ubiquity on crypto-Twitter have generated a lot of interest in and expectation for its future.
After roughly six months of that exciting entry into the cryptocurrency scene, its price has fallen by 85%, bringing down to parity the significance and interest that our culture attaches to Kadena.
Depending on how many decentralized applications it can draw in, this network’s future is in doubt. The network would require more miners to intervene as activity on it grew. To advance Kadena to the major leagues, where many analysts believe it will have a reserved place, the circle must be successfully fed back.
Summary: Mine Kadena With Antminer KA3
If you have the appropriate hardware, software, and mining pool, mining Kadena can be a financially rewarding endeavor. You can start mining KDA by doing the aforementioned actions, earning rewards while assisting the Kadena network.
Bitmain Antminer KA3 as a poweful Kadena ASIC miner with a maximum hashrate of 166 Th/s and a power consumption of 3154 W is one of the most profitable ASIC to mine Kadena (KDA).
However, it is significant to note that mining can use a lot of energy and produce a lot of heat, so it is advised that you have a suitable cooling system in place. To ensure that you are making decisions that are well-informed, keep up with the most recent Kadena developments.
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FAQs
How Long Will Kadena Be Mineable?
Since Kadena has a fixed quantity of tokens, Kadena is mineable for a period of approximately 120 years.
How Long Does It Take to Mine 1 KDA With Bitmain Antminer KA3 (166Th)?
Which Miners Can Mine Kadena?
Kadena can be efficiently mined with ASIC miners. Bitmain Antminer KA3 is the most profitable KDA miner in today’s market. CPUs, GPUs, and FPGA miners are all ineffective for mining Kadena.
How to Mine Kadena on PC?
Even though it is entirely possible to mine Kadena on your computer, if you are serious about cryptocurrency mining, you should think about purchasing an ASIC mining setup. Actually, the 0 is the most effective way to mine Kadena. However, if you really want to use computers, consider joining a miner pool.
How to Mine Kadena at Home?
You can initially experiment with computer-based home mining for Kadena. You can invest in 0 once you’ve gained more mining expertise. The best way to mine Kadena is in that manner. However, be sure to look at mining profitability charts to ensure that you are not just wasting your money.
How to Mine Kadena on Android?
On an Android device, mining Kadena is simple. All you have to do is install the MinerGate app. Create an account after downloading it from the Google Play Store, and your Android is ready to start mining Kadena.
How to Mine Kadena on IPhone?
Unfortunately, mining Kadena on an iPhone is not possible. Apple has put restrictions on it because hardware damage from mining occurred. All of the Kadena mining applications drained the battery, produced too much heat, or placed an unnecessary burden on the device’s resources, which is why they are no longer allowed.
How to Become a Kadena Miner?
Joining a miner pool should be your first action if you’re serious about mining Kadena. They will aid in your setup and offer you initial guidance. The best course of action would then be to purchase some 0 in order to obtain as much value as possible.
How to Make a Kadena Miner?
Simply put, a Kadena miner is a computer. Efficiency in relation to electricity cost should be your primary criterion. Anyway, purchasing specialized, professional miners known as ASIC is typically preferable. Or you could use 0, which is the most effective method for mining Kadena.
