Kaspa

Better

Dogecoin

Chimera

Arcade

<p>Kaspa has a rival in crypto, yes you read that right. It’s Alephium. This project offers a unique sharding algorithm known as <strong>BlockFlow</strong>, enabling it to efficiently handle a high volume of transactions while maintaining robust security features.</p>
<p>Alephium’s hashrate is going through the roof recently. Something similar Kaspa had before a massive pump of <a href="https://captainaltcoin.com/can-kaspa-kas-price-still-reach-5-in-this-bull-run/" target="_blank" rel="noopener noreferrer nofollow">its native token KAS.</a></p>
<p>House of Chimera analyst pointed this out on X in his viral tweet.</p>
<h2 class="wp-block-heading" id="hashrate-explosion-a-sign-of-things-to-come">Hashrate Explosion: A Sign of Things to Come?</h2>
<p>From April to mid-May 2024, Alephium’s hashrate barely moved, hovering near zero PH/s. But things started to change in June. A slow but steady uptick began, hinting at growing interest in mining activity. This gradual growth continued through July, setting the stage for what was to come.</p>
<p>Then, seemingly out of nowhere, Alephium’s hashrate exploded. From late August 2024, the chart shows a dramatic spike, with the <a href="https://www.coinbase.com/en-it/learn/crypto-glossary/what-is-hash-rate" target="_blank" rel="noopener noreferrer nofollow">hashrate</a> shooting past 20 PH/s by late September. This sudden surge suggests a massive influx of mining power and network activity.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="708" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-1024x708.png" alt="" class="wp-image-561461" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-1024x708.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-300x207.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-768x531.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-1536x1062.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-2048x1416.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-217x150.png 217w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-506x350.png 506w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713-788x544.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-713.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong>Source: <a href="https://x.com/HouseofChimera/status/1839679070751121434" target="_blank" rel="noopener noreferrer nofollow">X/@HouseofChimera</a></strong>
 </figcaption>
</figure>
<p>What’s driving this hashrate boom? According to House of Chimera, it’s a combination of increased network adoption and fiercer competition among miners. This surge isn’t just a number on a chart – it’s a sign of growing confidence in Alephium’s network, both in terms of security and potential rewards.</p>
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<h2 class="wp-block-heading" id="the-ripple-effects-of-rising-hashrate">The Ripple Effects of Rising Hashrate</h2>
<p>A skyrocketing hashrate isn’t just good news for miners. It has far-reaching implications for the entire Alephium ecosystem:</p>
<ol class="wp-block-list">
 <li><strong>Beefed-up security:</strong> As more miners join the network, it becomes increasingly difficult for bad actors to manipulate transactions.</li>
 <li><strong>Miner magnet:</strong> The hashrate surge reflects growing interest from miners, likely drawn by potential profits, tech advancements, or anticipation of Alephium’s future growth.</li>
 <li><strong>Adoption acceleration:</strong> This rapid spike suggests not just more miners, but broader adoption of Alephium’s protocol as a whole.</li>
</ol>
<p>Analyst Giba sees big things on the horizon for Alephium. In a quote tweet, <a href="https://x.com/giba_machado/status/1839681282852208850" target="_blank" rel="noopener noreferrer nofollow">he stated</a>: <em>“$ALPH is a blue chip, now seeing a spike on hashrate. Slowly climbing, then all at once. 2-digit per $ALPH coming in the short term.”</em></p>
<p>Giba draws parallels to Kaspa’s meteoric rise, noting: <em>“Highly liquid play, giga+ brain team, scaleable L1 polw solution and now mining power increasing with asics as we saw just the same before $KASPA to 4B+ mcap (X20-X30 from current $ALPH levels).”</em></p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/kaspa-kas-versus-sui-which-token-is-better-to-buy-right-now/" target="_blank" rel="noopener noreferrer nofollow">Kaspa (KAS) Versus SUI: Which Token Is Better to Buy Right Now?</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/deja-vu-kaspa-rivals-hashrate-skyrockets-another-kas-like-20x-run-in-the-making/" rel="noopener noreferrer nofollow">Déjà Vu: Kaspa Rival’s Hashrate Skyrockets – Another KAS-like 20X Run in the Making?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Déjà Vu: Kaspa Rival’s Hashrate Skyrockets – Another KAS-like 20X Run in the Making?

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