July 2024 Work Progress Report: Kaspa and Bitcoin Cash Updates

August 1, 2024

This July, 2Miners has implemented key updates to our Kaspa and Bitcoin Cash nodes and adjusted the payout values due to significant price changes. Here’s a detailed rundown of all the developments.

Contents

Kaspa Minimum Payout Value Update
Bitcoin Cash Node Update
Block Reward Reductions

Kaspa Minimum Payout Value Update

The recent impressive growth in Kaspa’s market price, which has increased five times over the past year, has forced us to reduce the minimum payout values in our KASPA pool. This change aims to facilitate more frequent and accessible payouts for our miners, aligning with Kaspa’s increased liquidity and market activity.

For KASPA (KAS) payouts: 50 KAS
For Bitcoin (BTC) payouts: 50 KAS equivalent
For Toncoin (TON) payouts: 100 KAS equivalent

Bitcoin Cash Node Update

We’ve updated our Bitcoin Cash Node to version 27.1.0, which includes several enhancements aimed at improving performance and security. This update removes the BIP70 payment protocol from the node wallet, aligning with our commitment to full node security requirements. Users needing BIP70 can continue using other popular BCH wallets like Electron-Cash and Bitcoin.com.

This release also includes performance improvements and minor modifications to some configuration and command line arguments, ensuring our network remains robust and efficient.

Block Reward Reductions

Pyrin (PYI) Reward Reduction

In line with the PYRIN EMISSION SCHEDULE, the block reward for Pyrin has been reduced from 13.21 PYI to 12.47 PYI. This adjustment reflects the ongoing tokenomics strategy to ensure the long-term viability of the Pyrin network.

Karlsen (KLS) Reward Reduction

Following the Karlsen coin Tokenomics and EMISSION SCHEDULE, the block reward for Karlsen has decreased from 42.78 KLS to 41.60 KLS. These changes are crucial for maintaining economic balance within the network.

KASPA (KAS) Reward Reduction

The KASPA EMISSION SCHEDULE mandated a reduction in the block reward from 103.82 KAS to 97.99 KAS. This update is part of scheduled adjustments to control inflation and encourage healthy network growth.

All reward changes have been updated in our mining calculator at 2CryptoCalc to assist miners in recalibrating their mining strategies accordingly.

Stay connected with us through X and join our Telegram miner community for the latest updates and support.

Your success in mining is important to us, and we’re here to support you every step of the way.

Author

Darek Piotrowskihttps://2miners.com/

The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others. In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.