Bitmain, the Chinese company and the world’s largest manufacturer of mining equipment, has begun taking orders for the KS3 device to mine Kaspa (KAS).
?#ANTMINER’s first $KAS miner KS3 will be launched soon!
☑️8.3T
☑️3188W
☑️0.38J/GLogin ?https://t.co/4pk8u4TOWb
Guess the price of KS3
? customers who hit the correct price will receive a $10,000 ANTMINER coupon pic.twitter.com/ShB66lZHWw— BITMAIN (@BITMAINtech) May 16, 2023
Customers can already place deposits, limited to 30 units per person. The company did not specify the price and invited guesses. The winner of the quasi-lottery will receive a $10,000 coupon from the manufacturer.
Delivery to customers is expected to begin around August.
KS3 delivers a hash rate of 8.3 TH/s at a power draw of 3,188 W.
The Kaspa cryptocurrency is based on the GhostDAG/PHANTOM protocol, which the project describes as a ‘scalable generalisation of Bitcoin’s consensus’.
Unlike traditional blockchains, the network does not discard parallel blocks but includes them in the network. As in an oriented acyclic graph (DAG), all blocks strive to become ‘ancestors’ of newer ones, while a strict ordering is maintained to track transactions and coins.
The protocol runs at roughly one block per second. The team’s near-term goal is to increase this figure tenfold.
KAS trades at around $0.019. From the April 2023 peak of $0.04, the quotes have fallen by more than 55%. In the last 30 days, the coin has fallen about 31%.
With a market capitalisation of $343.5 million, KAS ranks 113th on CoinGecko.
Earlier in December 2022, Bitmain released the Antminer HS3 miner for mining Handshake (HNS). The altcoin’s price reacted by declining.