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Bitcoin Miner Marathon Digital Diversifies Revenue Stream with Kaspa Mining
The post Bitcoin Miner Marathon Digital Diversifies Revenue Stream with Kaspa Mining appeared on BitcoinEthereumNews.com. Coinspeaker Bitcoin Miner Marathon Digital Diversifies Revenue Stream with Kaspa Mining In a major announcement on Wednesday, June 26, Bitcoin miner Marathon Digital announced that it has started mining the proof-of-work Layer-2 protocol Kaspa (KAS) in order to diversify its mining revenue stream. This is a major development as Bitcoin miners have come under significant stress following the Bitcoin halving event in April which cut the rewards to half. Thus, players like Marathon Digital have been finding additional sources of revenue with Kaspa being a right fit for the same. Although the Kaspa protocol has a proof-of-work consensus mechanism, it employs GHOSTDAG protocol that allows miners to mine multiple blocks simultaneously. this functionality helps to make transactions faster and provides miners with higher block rewards in a given time frame. Thus, Kaspa is much faster than Bitcoin’s linear mining process and allows the mining of only one block every ten minutes. Currently, Kaspa, processes one block every said, said Marathon Digital. The current block reward of Kaspa stands at 103.83 KAS. Speaking on the development, Adam Swick, Marathon’s chief growth officer said: “By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute. Because of our existing infrastructure, our unique relationships with hardware manufacturers, our strong balance sheet, and the expertise of our team, Marathon was uniquely positioned to mine Kaspa and to capitalize on the higher margins that exist for those who can deploy Kaspa ASICs today.” Marathon’s Move into Kaspa Last year in May 2023, Marathon started evaluating Kaspa as a way to diversify revenue and put its current infrastructure to additional use. After successfully deploying its first Kaspa ASICs in September 2023, Marathon began scaling its operations. The…
The post Bitcoin Miner Marathon Digital Diversifies Revenue Stream with Kaspa Mining appeared on BitcoinEthereumNews.com.
Coinspeaker Bitcoin Miner Marathon Digital Diversifies Revenue Stream with Kaspa Mining In a major announcement on Wednesday, June 26, Bitcoin miner Marathon Digital announced that it has started mining the proof-of-work Layer-2 protocol Kaspa (KAS) in order to diversify its mining revenue stream. This is a major development as Bitcoin miners have come under significant stress following the Bitcoin halving event in April which cut the rewards to half. Thus, players like Marathon Digital have been finding additional sources of revenue with Kaspa being a right fit for the same. Although the Kaspa protocol has a proof-of-work consensus mechanism, it employs GHOSTDAG protocol that allows miners to mine multiple blocks simultaneously. this functionality helps to make transactions faster and provides miners with higher block rewards in a given time frame. Thus, Kaspa is much faster than Bitcoin’s linear mining process and allows the mining of only one block every ten minutes. Currently, Kaspa, processes one block every said, said Marathon Digital. The current block reward of Kaspa stands at 103.83 KAS. Speaking on the development, Adam Swick, Marathon’s chief growth officer said: “By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute. Because of our existing infrastructure, our unique relationships with hardware manufacturers, our strong balance sheet, and the expertise of our team, Marathon was uniquely positioned to mine Kaspa and to capitalize on the higher margins that exist for those who can deploy Kaspa ASICs today.” Marathon’s Move into Kaspa Last year in May 2023, Marathon started evaluating Kaspa as a way to diversify revenue and put its current infrastructure to additional use. After successfully deploying its first Kaspa ASICs in September 2023, Marathon began scaling its operations. The…
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