Kaspa Reward Reduction
In line with the planned Kaspa emission schedule, a significant event took place on May 8, impacting the mining community associated with Kaspa. The block reward for mining was decreased from 233 KAS to 220 KAS. This change reflects the Kaspa monetary policy’s Chromatic Phase, which involves geometrically decreasing block rewards over time.
It’s crucial to note that such reductions are part of Kaspa’s unique monetary policy, designed to ensure a fair distribution of KAS and the long-term sustainability of the network. These changes are integral to the network’s progression and adherence to its predetermined roadmap. At 2Miners, we remain committed to supporting miners through these adjustments, providing an efficient and profitable mining environment. As always, we recommend miners stay informed about such changes, which can be followed via the Kaspa Emission Schedule.
Cortex Reward Reduction
The Cortex (CTXC) blockchain underwent its halving event on May 2nd. As a result of this crucial adjustment in the network’s monetary policy, the block reward for miners was slashed from 7 CTXC to 3.5 CTXC per block. This halving process, inherent to the Cortex protocol, effectively diminishes the mining reward by 50%, thereby impacting the rate at which new CTXC tokens are created and injected into the market.
For the miners on the 2Miners pool, this implies a reduction in the amount of CTXC tokens they earn for their computational contributions. Nevertheless, while the miners’ immediate income may be lessened, such halving events historically tend to induce a scarcity effect, potentially driving up the value of the cryptocurrency over time. Thus, the impact of this event on the long-term profitability of mining Cortex remains to be seen.
Mining Pool Updates
We conducted several key updates to the cryptocurrency nodes on the 2Miners mining pool, ensuring the smooth operation and enhanced security for our miners. The updated nodes are as follows:
- Zcash (ZEC) updated to 5.5.1
- Horizen (ZEN) updated to 4.0.0
- Monero (XMR) updated to 0.18.2.2
- Beam updated to 7.3.14073
Let’s look closer at each of these updates:
Zcash (ZEC) 5.5.1 Update: This upgrade addressed an issue that could cause a node to crash when the privacy policy did not include ‘AllowRevealedRecipients’ while creating a transaction resulting in transparent change. Additionally, it corrects an underestimation of the ZIP 317 conventional fee when spending…