KAS miners receive good news again! On August 5th, Binance Pool announced its support for KAS mining and launched a promotional campaign with a zero fee rate for KAS miners. KAS miners who join Binance Pool will be exempt from paying a 1% mining pool fee from August 5th to November 5th.
As soon as the news was released, it immediately received positive reviews from miners. Some fans of KASPA joked that perhaps Binance Pool had quietly bought a lot of KAS ASICs in advance.
So, as one of the most famous mining pools in the world, will Binance Pool’s support for KAS mining once again push the price of KAS coins to new heights? This possibility exists. In June of this year, the American mining giant Marathon publicly acknowledged that since September 2023, the company has mined 93 million KAS tokens. This good news pushed the price of KAS coins from around $0.15 to over $0.19, setting a historical high.
However, it may have been affected by the sharp decline in the global investment market on August 5th, and the price of KAS coins also corrected to a lower position on the same day, limiting the effect that this good news from Binance Pool should have originally had. But this move by Binance Pool means the cryptocurrency world’s recognition of the value of KASPA, which is unquestionable, so the favorable impact of this event on the coin price will eventually be revealed.
KASPA is known as the fastest Layer-1 blockchain, allowing multiple blocks to be produced simultaneously. This process helps make transactions faster and provides more block rewards for miners. The token of this project, KAS coin, is also one of the cryptocurrencies that has made lots of miners rich so far in 2024. KAS only supports efficient mining by ASIC miners and does not support GPU and CPU. The most profitable ASICs currently are ANTMINER KS5 PRO 21T, ANTMINER KS5 20T , ICERIVER KS5M , ICERIVER KS5L . If you are looking for a KAS coin mining solution that is more suitable for you, please feel free to contact us.
Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
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