June 2023 Work Progress Report: Kaspa Block Reward Reduction, Nexa Pool Test
Kaspa Block Reward Adjustment
As part of Kaspa’s ongoing emissions schedule, June marks another milestone for the mining communities that partner with Kaspa. Depending on the schedule, the reward for mining each block was further reduced. Since June, the block reward has been reduced from 220 KAS to 207.65 KAS, which incorporates a systematic reduction of the block reward over certain periods, in line with the color phase of Kaspa’s monetary policy.
These changes are a key aspect of Kaspa’s unique monetary approach, specifically designed to maintain a balanced distribution of KAS while supporting the continued viability of the network. These changes are fundamental to network development and fidelity to established schedules. At 2Miners, we have an unwavering commitment to supporting miners through these modifications, ensuring an effective and rewarding mining platform. To keep abreast of these important changes, miners are advised to check the Kaspa emissions schedule regularly.
Nexa full test
In June, 2Miners mining pool continued to innovate by exploring new blockchain technologies. We have added a new project to our portfolio called Nexa. Nexa is a cutting-edge cryptocurrency network designed to be significantly more scalable than other blockchains, targeting a global capacity of over 10 billion transactions per day. It aims to make transactions nearly instantaneous and highly cost-effective by providing unique solutions to the key bottlenecks of bandwidth, speed and storage. Nexa also features native tokens and NFTs and uses a unique proof-of-work algorithm to speed up transaction verification.
We have successfully installed Nexa node version 1.3.0.2 as we embrace the next phase of development. This installation is the basic process for creating a Nexa mining pool. The pool is currently in the testing phase, and our team is working diligently to ensure smooth operation and performance.
2Miners is set to offer Nexa mining in both PPLNS and SOLO modes. This flexibility allows our miners to choose the mode that best suits their mining strategy. We are pleased to announce that launch is scheduled for early July. Get ready to join us in this exciting new endeavor.
If you want to try 2Miners Nexa Pools right away without waiting for the official release, join our Telegram chat. Our managers will be happy to help.
We are always committed to providing convenience and flexibility to our community, so we plan to add Bitcoin (BTC) payments to Nexa in the future. This move expands your options for receiving mining rewards.
As the Nexa Network continues to grow, 2Miners is excited to be part of this journey. Stay tuned for the upcoming release and get ready to mine Nexa with 2Miners.
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