Hey Miners👷🏻‍♂️ ⛏ It's been a long time since our last Coin Highlight article. Here, we are going to talk about a popular coin that can be mined with FPGA. This article includes the resources you need to start mining this coin. Let's check it out!

Introduction

Kadena was founded in 2016 by Will Martino and Stuart Popejoy. It is the high-throughput Proof of Work system that runs Chainweb, a protocol delivering security and throughput. Kadena is built to provide a secure and scalable blockchain to execute mission-critical business workflows that meet the needs of large enterprises.

Kadena enterprise software is in use today by major companies in finance, healthcare, and insurance while allowing builders with a vision to skip straight from idea to product. With the launch of Kadena’s public chain, this system will support blockchain application development, from private to public and everywhere in between.

The Kadena network will unite public applications, private blockchains, and other interoperable chains in one place, driving traffic to the high-bandwidth computer at the heart of the Kadena public chain.

Kadena has several advantages over other blockchains through its feature including:

  • Formal Verification,
  • Interoperability,
  • Scalability, and more.

Kadena Blockchain

Kadena’s public blockchain platform, initially conceived by Kadena founder Will Martino, is a braided, parallelized proof-of-work consensus mechanism that improves throughput and scalability while maintaining the security and integrity found in Bitcoin. In short, Kadena is a blockchain that is faster, more secure, and more scalable.

Key Features of the Kadena Public Blockchain

Proof of Work

Kadena’s public blockchain is a massively parallel protocol that brings efficiency to Proof of Work. Unlike Proof of Stake, PoW is the only protocol that’s been validated in the market. Mining pays for throughput and provisioning, not just hash difficulty.

Tested security, scalable blockchain

​Faster throughput, lower latency

  • Kadena’s powerful attack resistance means faster mining, greater decentralization, and confirmation times under a minute.

Smart contracts in Pact

  • Pact makes secure and trustless oracles, escrow, and cross-chain transfers simple to write.

Kadena mainnet launched on Oct 30th and it has three stages:

Stage 1: Mining without token transfers or smart contracts  
Stage 2: Mining + token transfers without smart contracts (Starts Dec 6th)
Stage 3: Mining + token transfers + smart contracts (ETA Jan 15th)

Kadena Team

Kadena Founders

More details about the Kadena team can be seen here.

Hashrate & Profitability

Kadena bitstream is available on our shop made by stark0224. Whitefire from Zetheron Technology is also planning to release Kadena bitstream for several FPGA models.

FPGA Board Hashrate Revenue*
VU9P (BCU1525 and BTU9P) 4.23 GH/s $12-$25/day
* as per Nov 29, 2019 based on minerstat.com and ICO price

From the data that we collected, the estimated profit is around
25.28 KDA x $1 = $25.28/day.

Let's break down the math:

According to minerstat, based on stark0224's hashrate of 4.23 GH/s, you are able to mine 25.28 KDA per day.

Based on minerstat.com - 4.23GH/s on Kadena is around $25

Since Kadena is not in any exchanges yet, we can use its ICO price ($1) or its OTC price ($0.50).

ICO Price information

That makes the profit with the current VU9P bitstream ranges from $12.64 - $25.28 per day. -per Nov 29th, 2019


FPGA Guide

Your Guide to FPGA Mining

Getting Ready to Mine

Node and Wallet Setup

Here we found an excellent resource to start Kadena mining. Node setup and Wallet setup.

📔Medium - How to Mine Kadena by Thanos

Bitstream

Then you can begin mining Kadena with VU9P boards. Kadena bitstream is available on FPGA.guide Shop made by stark0224. Whitefire from Zetheron Technology is also planning to release Kadena bitstream for several FPGA models.

FPGA Board Developer Hashrate
VU9P (BCU1525 and BTU9P) Stark0224 4.23 GH/s

Resources