Kadena is a scalable public blockchain with a new smart contract language called Pact, which has formal verification and upgradeable smart contracts.
It also uses Chainweb, a brand-new Proof-of-Work (PoW) consensus system with high transaction throughput at the base layer without requiring any scalability or functionality solutions at the second layer.
Although Kadena proposes some bold and innovative solutions to handling blockchains, is it worth mining?
Is Kadena Worth Mining?
Kadena mining can become a lucrative venture if you use the proper hardware. Although you can use CPU or GPU mining, but you’ll hardly get profitable with such methods. With the current computational difficulty of many blockchains, you’ll do better with ASIC mining. They’re pretty expensive, but they can recover your initial investment faster.
What is the Kadena Blockchain?
Kadena is an open blockchain network designed for maximum scalability, a project that uses the PACT coding language for its smart contracts. Kadena runs on Chainweb, a Proof-of-Work blockchain that unites several single blockchains and uses them to complex computational problems and validate transactions.
These individual chains work together, allowing more transactions on the network while making it safer to deploy decentralized applications and improve the scalability of the network.
How Does Kadena work?
Kadena uses PACT, a smart contract language with a straightforward syntax for all users. Unlike other smart contract languages, you can make changes to the contracts of existing dApps and launch the projects with as few approcals as possible.
The multichain architectural concept in Kadena makes it a unique solution that helps it handle millions of transactions without breaking the security or scalability of the network.
Kadena a Good Project?
Kadena is a promising project with outstanding growth potential. It employs a three-stage governance system which makes it stable and capable of consistent growth. The three levels are:
- Account management level
- Code level
- Running successful community initiatives.
Several factors make Kadena suitable for your participation. Let’s look at the benefits you’d enjoy:
Blockchain Technology
Kadena operates a unique blockchain network powered by several other blockchains. It’s a pioneer layer-1 cryptocurrency that uses a Proof of Work mechanism for security and validation while allowing scalability and sharing within its ecosystem.
Estimated to reach a potential level of over nine million transactions a day, Kadena uses its network of blockchains to ensure the maximum throughput possible. Moreover, Kadena has also increased its network chains from 10 live chains to 20.
DeFi and NFT payments
Efficient cross-chain transfers make Kadena an excellent option for payments and NFTs. For example, you can use the Kuro Layer-2 technology to create fast payment options, crypto exchanges, earn protocols, and crypto-wallets.
Free transactions
Besides having top transactions speeds, Kadena is pioneering a gas station for cryptocurrencies.
This move will cause massive flow of crypto users into dApps since the blockchain intends to phase out charges imposed on crypto participants.
Safer smart Contracts
Kadena offers an open platform for smart contracts creation which allows users to develop or launch their programs without limitation on control. They can do this using Kadena’s PACT language.
You design your smart contract and launch it on top of another decentralized application using Kadena. Also available are several step-by-step tutorials for how to create smart contracts on the Kadena website.
How Long Does It Take To Mine 1 Kadena?
As of this writing, 70 hours is the standard time it takes to mine a block of KDA. But, it depends on the mining difficulty level and the type of mining hardware you use.
Given the current mining difficulty of 285.385P and a network hash rate of 211.2791 PH/s, it will take you between 57 and 70 hours.
The iBeLinkBM-K1 Blake2S miner, for instance, lets you mine within 57 hours, while the Goldshell KD6 will give you one block of KDA in about 70 hours.
How To Mine Kadena?
The recommended way to mine KDA is by using their mining client, the chainweb-miner. All the mining work goes to the Kadena network nodes, and block production begins. Afterward, the nodes distribute the finished block back to the network depending on the effort used to mine it.
You can mine KDA using ASICs, CPU and GPU mining by following the steps below:
1. Acquire Sturdy Mining Hardware
Although Kadena runs a hybrid blockchain system, the proof of work validation mechanism requires powerful mining hardware. Getting an ASIC computer will give you optimum profitability and prolonged performance as mining difficulty increases.
2. Obtain a Key Pair
Get your Key Pair from the Kadena from the chainweb-miner. The Key Pair provides a public and secret key to use during your Kadena mining process.
Before participating in the KDA mining process, you will receive an account with details, and you can set up your username to use every time you want to access your mining account.
3. Open a Kadena Wallet
You need a Kadena wallet to monitor your performance through the mining period and if you want to manage and withdraw our earnings.
Since you already have a key pair and an account, you will use them to collect your income depending on your mining potential. The Kadena node wallet is an excellent example of a crypto wallet for KDA mining.
4. Connect Your Mining Equipment
Ensure that your mining hardware and pool, or software are in sync. An excellent example of a mining pool you can join is the F2Pool which can work with the Goldshell KD5 mining hardware.
This mining pool helps you track and monitor the performance of your software and hardware, gives you the results of your mining records, and displays your potential profitability.
Learn more: 3 Best Mining Pools For KDA
5. Begin Mining
Once you have set your equipment in place, start your mining process. Make sure to safeguard your private key to protect your KDA assets.
Can Kadena Be Mined Using a GPU?
You can GPU mine Kadena. However, as PoW crypto, always choose robust mining hardware to enjoy your mining experience. ASICs are excellent for mining Kadena profitably.
The Kadena blockchain uses PACT, a unique language that lets users mine the Proof of Work crypto through CPUs and GPUs. However, you should know that you will spend more time using a GPU to mine a block of KDA compared to using ASICs.
Learn more: Mining With CPU And GPU At The Same Time
Other Alternatives To Mine:
There are numerous other cryptocurrencies you can mine. They include;
- Litecoin (LTC)
- Bitcoin (BTC)
- Dogecoin (DOGE)
- ZCash (ZEC)
- Bitcoin Gold (BTG)
- Monero(XMR)
Final Thoughts
Mining Kadena can be a rewarding venture, but only if you choose the right mining equipment and join a mining pool. It may take you a couple of days to mine 1 KDN, but you may earn more in a pool.
