Crypto Mining

Karlsen Network (KLS) is an ASIC-resistant fork of KASPA (KAS).


30
November
2023

Karlsen Network and Karlsen Coin (KLS) are new projects forked from Kaspa (KAS) using a modified proof-of-work algorithm called KarlsenHash, which prevents KAS ASICs from mining the coin. The project is still new and in its infancy and there isn’t much information about it, so you should always treat it with caution and if you install a local wallet and node you should do so in a sandbox environment for safety reasons. The project has attracted a lot of attention from cryptocurrency miners and a lot of GPU mining power is being transferred to mine KLS coins (1 second block time, 50 coins per block). There are no exchanges that support KLS yet, but it can be mined with local nodes and wallets, and pools that support Karlsen Network mining, such as Herominers, are already appearing. The latest version of SRBMiner-Multi adds support for mining KLS coins with a new algorithm (1% development fee) and allows you to use the same settings on your GPU as you used for mining KAS. Below you will find a quick guide I have prepared on how to set up a local Karlsen network node and create a local wallet to mine KLS coins if you are interested in starting mining.

Quick start guide:
1. Download the latest Karlsen Network node and wallet from GitHub.
2. Unzip the downloaded archive that contains 5 different executable files.
3. Run "karlsenwallet create" to generate a local wallet, you will be prompted to create a password for encryption (remember it!)
4. You will get a keys.json file created with the encrypted private key (back it up!) and you will be shown a public key (this is not a wallet you can mine at, you will need to create wallet!)
5. Run "karlsenwallet dump-unencrypted-data" to get your 24-word mnemonic phrase for recovery (write that down and store securely).
6. Run "karlsend --utxoindex" to start a local node on your computer.
7. Run "karlsenwallet start-daemon" to get the wallet ready.
8. Run "karlsenwallet new-address" in order to generate a wallet address that you can point your miners at the mining pool.
9. Run "karlsenwallet balance -v" to check the balance of your wallet(s) when pools send you payments, you need to wait for the blockchain to sync for the balance to appear.
10. Run "karlsenwallet send -v -t " to send coins from your local wallet to a different wallet, make sure you set the amount and the wallet to send to.

SRBMiner-Multi Karlsen mining command line example:

SRBMiner-MULTI.exe --algorithm karlsenhash --pool stratum+tcps://de.karlsen.herominers.com:1195 --wallet karlsen:YOUR_WALLET_ID --password WORKER_ID --gpu-cclock0 1710 --gpu-mclock0 810 --gpu-coffset0 250

In the example command line above, make sure you update your wallet and worker ID, and change the GPU clock, memory clock, and offset depending on what your GPU can handle. Again, using the same setup you used to mine KAS on your GPU is a good starting point. This example shows good averages for use on an Nvidia GeForce RTX 3070 GPU.

For more information, visit the official Karlsen Network (KLS) project website.

  • Posted in: Cryptocurrency
  • Related tags: ASIC resistance, Karlsen, Karlsen Coin, Karlsen Network, KarlsenHash, KAS, KAS fork, Kaspa, Kaspa fork, KLS, SRB-Miner Multi

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