[ANN] KASPA (KAS) - GPU PoW - ghostDAG

[rgsnedds]

https://kaspa.org

KASPA (KAS) is a new Directed Acyclic Graph Proof-of-Work CPU-mineable Cryptocurrency with 1 second (avg) block times
Built around GhostDAG architecture.
Kaspa mainnet launched in late November 2021 and is all about decentralization, safety and efficiency.
Kaspa definitely has the potential to become the world's fastest PoW chain.

What KASPA strives to fix

Bitcoin's security relies crucially on the fact that the block delay is larger by orders of magnitudes than the round trip time of a new block. If you try to decrease block delay, or increase block size (whereby increasing the block round trip time), the security guarantees break down. The main reason for that is that decreasing the gap between block delay and round trip time increases the rate of orphaned blocks, and the work put into these blocks goes to waste instead of securing the network (if half of honest blocks are orphaned, then a well connected adversary needs only half of the hash rate of the honest network to take over the chain, so the network is vulnerable to 33% attacks).
By not discarding parallel blocks, and including their work into the tie breaking rule, the GHOSTDAG protocol manages to alleviate this limitation. The security proof of GHOSTDAG (in contrast with Bitcoin's) is valid even when the block delay and the round trip time are of the same order of magnitude. The POW mechanism takes on a more modest role of regulating the width of the DAG.
This allows us to increase throughput arbitrarily without compromising security. The bottleneck on the supported throughput shifts to the computational capacity of the nodes.

PHANTOM GHOSTDAG TECHNICAL PAPER

https://eprint.iacr.org/2018/104.pdf

Transactions Per Second (TPS)

During testnet, it was realised KASPA capabilities offered ~40TPS. Although a stress test has yet to be completed on mainnet, it is anticipated the TPS should easily exceed early testnet TPS. High TPS is not a development target: it's just a natural result of the beautiful architecture of KASPA.

KASPA BLOCK EXPLORER

https://explorer.kaspa.org/

KASPA GITHUB

https://github.com/kaspanet

KDX Wallet

https://kdx.app/

EXCHANGES

https://txbit.io/Trade/KAS/USDT
https://tradeogre.com/exchange/BTC-KAS
https://tradeogre.com/exchange/USDT-KAS

MINING POOLS

https://kaspa-pool.org/
https://hashpool.com/
https://kaspa.acc-pool.pw/
https://woolypooly.com/en/coin/kas

TWITTER

https://twitter.com/CurrencyKaspa

DISCORD

https://discord.gg/bUQ7Hwwb

TELEGRAM (ENGLISH)

https://t.me/kaspaenglish

TELEGRAM (RUSSIAN)

https://t.me/kaspa_rus

FURTHER READING

https://hashdag.medium.com/kaspa-launch-plan-responding-to-reality-6b4bec449037

https://hashdag.medium.com/kaspa-black-tuesday-8c7f4fa35834

https://someone235.medium.com/how-increasing-the-throughput-harms-bitcoins-security-76ed62313227

https://someone235.medium.com/scaling-bitcoin-with-blockdag-d785174a3402

https://medium.com/@shai.wyborski/kaspa-what-are-we-actually-doing-here-fd7b2e420ad1

[rgsnedds]

Quick links:
PHANTOM GhostDAG: https://eprint.iacr.org/2018/104.pdf
Github: https://github.com/kaspanet/kaspad/
Block Explorer: https://explorer.kaspa.org/
KDX Wallet: https://kdx.app
Discord: https://discord.gg/SfHCaDchrs
Chinese guide: https://mp.weixin.qq.com/s/KFwyfnRv5glxXuhaDHlJMQ
Russian guide: https://2ch.hk/cc/res/753039.html#753562

[wanganxiu]

Currently mining is not the mainnet, you need to write clearly. . waste time.

[rgsnedds]

Currently mining is not the mainnet, you need to write clearly. . waste time.

currently (26th November 2021) network has moved OUT of Testnet and is in a progression stage that the devs have called GAMENET.

mined coins ARE valid, but will be subject to cosmetic changes as to how your KAS are viewed in your wallet.
Current block rewards are 500 (KAS)

so these will be valid coins in Mainnet, but may show slightly differently in your wallet, dependent on final decided monetary policies.

[cyop]

I took a quick look, very very intersting mechanism of rewarding, not another ASIC resistance coin, but it has some sophisticated mechanism against whale miners... I'll subscribe to this topic, cuz of my heavy work load, will check again in few weeks.

[AllForOneA41]

I took a quick look, very very intersting mechanism of rewarding, not another ASIC resistance coin, but it has some sophisticated mechanism against whale miners... I'll subscribe to this topic, cuz of my heavy work load, will check again in few weeks.

Hey yeah even weak cpu can get some reward daily and that is what make that coin good and worldwide. In my opinion one of best I meet in crypto space. Waiting for updates and where it will go

[ikotaki3]

hi.

GUI wallet needed because this procedure is hard for non programmers like me..

But anyway; good endeavor 


i have tried all my possible with the tutorial, i made appdata directory writable but i got only one folder which is kaspad-mainnet and not the three mentioned in the tutorial for windows...

i would like to mine and contribute to this project, but unfortunately i am not a programmer, how can you make things easier ?


sorry i am syncing but the three folder described in the guideline are not created

[moderator's note: consecutive posts merged]

[AllForOneA41]

i have tried all my possible with the tutorial, i made appdata directory writable but i got only one folder which is kaspad-mainnet and not the three mentioned in the tutorial for windows...

i would like to mine and contribute to this project, but unfortunately i am not a programmer, how can you make things easier ?

You make appdata folder

Mate google where it is located cose each windows by default have appdata folder

look in settings for folder options go to tab called view and mark show hidden files and folders

then your appdata folder will be located in C:/Users/Yourusername

Inside that correct appdata folder you will see folder called Local and inside that folder you will see Kaspad folder.

If you dont know how to see hidden files and folders google it and full correct path is :

C:/users/yourusername/appdata/local/kaspad

[cryptomaxsun]

Is this project standalone or a fork from another project?
Who is behind the development?
What is the mining algorithm?

[rgsnedds]

Is this project standalone or a fork from another project?
Who is behind the development?
What is the mining algorithm?

Standalone, created from scratch
The academics who designed the architecture are listed in the technical paper (although not development team - who seem to be a few anons in discord)
algo is a variation of heavyhash

[wanganxiu]

Is this project standalone or a fork from another project?
Who is behind the development?
What is the mining algorithm?

Standalone, created from scratch
You can see developers ID in the technical paper
algo is a variation of heavyhash

What is the total amount after the mainnet launch?

[rgsnedds]

Is this project standalone or a fork from another project?
Who is behind the development?
What is the mining algorithm?

Standalone, created from scratch
You can see developers ID in the technical paper
algo is a variation of heavyhash

What is the total amount after the mainnet launch?

The monetary policy is being drawn up. Expect full details within a couple of weeks.

[Wolfie]

Very INteresting . . started some hash on it yesterday . .

Wen u see literal geniuses coming up with some BRAND NEW shit, its best to pay attention AND spec-mine the shit out of it!!!


https://eprint.iacr.org/2018/104.pdf

[Fascior2000]

[2021-11-26T20:34:54Z INFO  kaspa_miner::miner] launching: 128 miners
[2021-11-26T20:34:54Z INFO  kaspa_miner::client] Kaspad version: 0.11.6
Error: "Could not decode address: decoded address is of unknown format: string not all lowercase or all uppercase"

[rgsnedds]

[2021-11-26T20:34:54Z INFO  kaspa_miner::miner] launching: 128 miners
[2021-11-26T20:34:54Z INFO  kaspa_miner::client] Kaspad version: 0.11.6
Error: "Could not decode address: decoded address is of unknown format: string not all lowercase or all uppercase"

make sure you include the

Code:

kaspa:

part before the actual address
Quick and easy guide to CPU solo mine Kaspa on a linux-based computer.

Firstly, let's do some housework, in prep for the screens you will need. In this guide we will use both pm2 and screen -dmS commands.

Code:

sudo apt install npm

Code:

npm install pm2 -g

Code:

wget https://github.com/kaspanet/kaspad/releases/download/v0.11.6/kaspad-v0.11.6-linux.zip

Code:

unzip kaspad-v0.11.6-linux.zip

Code:

rm -rf kaspad-v0.11.6-linux.zip

Code:

cd bin/

Code:

pm2 start ./kaspad -- utxoindex

let it synchronise (shouldn't take too long at this point) you can watch it run by typing the command;

Code:

pm2 logs 0

and Cntrl-C to close the pm2 (it will continue in the background)

When the node is fully synchronised you will see BLOCK ACCEPTED outputs.

Get the miner:

Code:

wget https://github.com/elichai/kaspa-miner/releases/download/v0.1.3/kaspa-miner-v0.1.3-linux-amd64

make the miner executable

Code:

chmod +x kaspa-miner-v0.1.3-linux-amd64

run the miner in screen -dmS

Code:

screen -dmS kaspaminer ./kaspa-miner-v0.1.3-linux-amd64 --mining-address kaspa:qpyn6a3gudav4jzt0gway6tndj3tyw0uazehet5g0fvutmmnktg0zz2klk4dt

*NOTE* the above is MY address, if you mine to it, I thank you for your donation. Please amend the string with your own KASPA address.


You can have a look in on the processes by;

1. look in on the node - to make sure it's synchronised and working OK:

Code:

pm2 logs 0

1a. and close it using Cntrl-C

2. look in on your miner - to see if it is finding blocks:

Code:

screen -r

2a. and detach the screen using Cntrl-A, then pressing (the letter on your keyboard) d.

[CaVO32]

Is this project standalone or a fork from another project?
Who is behind the development?
What is the mining algorithm?

Standalone, created from scratch
You can see developers ID in the technical paper
algo is a variation of heavyhash

What is the total amount after the mainnet launch?

The monetary policy is being drawn up. Expect full details within a couple of weeks.

What exactly is your aim for this project. We have thousands of alts already, what niche do you expect to excel? It is hard to gain loyal supporters because there are much solid projects out there. What do you think will give you edge to attract the interest of some users?

[rgsnedds]

the aims are all written in the OP.  Thus is such the purpose of an ANN. I suggest you take time to read the technical paper, to familiarise yourself with the architecture.

Is this project standalone or a fork from another project?
Who is behind the development?
What is the mining algorithm?

Standalone, created from scratch
You can see developers ID in the technical paper
algo is a variation of heavyhash

What is the total amount after the mainnet launch?

The monetary policy is being drawn up. Expect full details within a couple of weeks.

What exactly is your aim for this project. We have thousands of alts already, what niche do you expect to excel? It is hard to gain loyal supporters because there are much solid projects out there. What do you think will give you edge to attract the interest of some users?

[wanganxiu]

This project has been in development for a long time; the total amount has not been worked out, indicating that there is no long-term plan. . . Do whatever you want

[rgsnedds]

This project has been in development for a long time; the total amount has not been worked out, indicating that there is no long-term plan. . . Do whatever you want

Yeah, i agree to a point and merely wanted to make sure that EVERYONE gets a fair and equal start on Kaspa. I will monitor and update this thread accordingly.
Holding back from making announcements or keeping info back - like the telegram bot which gives network hashrate, didn't sit right with me and the coin is no longer restricted to a few people on discord.

decentralise.

[someone235_]

For anyone interested, I wrote two blog posts about part of the things that Kaspa is trying to fix and how:

https://someone235.medium.com/how-increasing-the-throughput-harms-bitcoins-security-76ed62313227
https://someone235.medium.com/scaling-bitcoin-with-blockdag-d785174a3402