Comprehensive Analysis: KAS Miners Now Support Mining ENX

Introduction to ENX Cryptocurrency

ENX (EntropyX) is a newly launched cryptocurrency employing Kaspa's GHOSTDAG protocol. It offers ultra-fast transaction speeds (sub-second confirmations) and high throughput by using a DAG (directed acyclic graph) structure similar to Kaspa. ENX focuses on decentralization, high performance, and community-driven governance, employing tokenomics and DAO mechanisms for sustainable value.

Overview of the KAS Algorithm

The KAS algorithm, known specifically as kHeavyHash, is a specialized Proof-of-Work (PoW) algorithm optimized for high computational efficiency and low energy consumption. Initially GPU-friendly, kHeavyHash is now primarily mined with specialized ASICs that provide significant hash power improvements and energy efficiency, making it ideal for securing high-performance blockchain networks like ENX.

Miner Compatibility

ENX's choice of kHeavyHash algorithm allows immediate compatibility with existing Kaspa miners, including:

IceRiver Models: KS3, KS5, KS5L (up to 12 TH/s, 3400W).
Bitmain Antminer Models: KS5 and KS5 Pro (up to 21 TH/s, 3150W, efficiency around 150 J/T).

Miners require minimal configuration changes—mainly redirecting pool settings to ENX pools—to start mining. IceRiver also announced new KS7 30 TH/s and KS7 Lite (4.2 TH/s) models optimized for ENX.

Mining Profitability and Difficulty

Currently, ENX is highly profitable due to low mining difficulty. Initially, miners reported earnings of about 20–25 ENX per GH/s daily. However, as total network hash rate rose rapidly (from 2.5 PH/s to nearly 5 PH/s within weeks), profitability dropped to approximately 5 ENX per GH/s daily. Early miners benefit significantly, but profitability is expected to decrease as difficulty continues to rise. ENX's initial block rewards are notably generous, encouraging rapid network expansion.

Compared to Kaspa, ENX currently offers superior mining profitability, attracting miners previously struggling with diminishing returns in KAS mining.

Market and Trading

ENX is yet to list on mainstream exchanges. The first confirmed exchange listing is XT.COM, which will soon launch the ENX/USDT trading pair. Currently, mined ENX tokens are stored in wallets awaiting market trading. Early exchange listings will provide vital price discovery and liquidity, determining ENX’s market position.

Security and Community Development

ENX leverages Kaspa’s tested GHOSTDAG protocol, ensuring high baseline security. However, specific technical changes (such as token burning and DAO governance) are new and subject to ongoing scrutiny. While the project's GitHub repository is publicly available, comprehensive audits are pending.

Community engagement is growing, driven by social media and miner interest, enhancing network security via rapidly increasing hash power. However, the project's anonymous or semi-anonymous team structure poses potential trust challenges.

Potential Risks and Outlook

ENX faces several challenges:

Technical Risk: Potential undiscovered code vulnerabilities.
Market Risk: High inflation from early token issuance may lead to substantial sell-offs post-exchange listing.
Competition: ENX must clearly differentiate itself from established projects like Kaspa to maintain long-term value.

Despite these risks, ENX’s potential for high returns due to early-stage mining and speculative opportunities could attract significant miner and investor interest. Investors and miners should approach cautiously, conduct thorough due diligence, and invest responsibly, monitoring ongoing developments.

ENX’s future success depends heavily on technical development, ecosystem growth, and community strength. Successfully navigating initial challenges could establish ENX as a significant player in the next generation of high-performance blockchains.

References:

Miner Navigator, “Breaking News: KAS Servers Can Mine ENX! Expected to List on Exchange by End of March...”, Douban Notes, March 17, 2025.
Link: https://dou.bz/3FML3S
TinaTing188, “ENX Genesis Mining Begins—KAS Surges into a New Era," CSDN Blog, March 21, 2025.
Link: https://blog.csdn.net/TinaTing188/article/details/146373065
Yegor Konyshev, “A New Product in Crypto Mining: ENX Coin and the Revolutionary ASIC KAS Miners!" PCPraha Blog (Chinese), March 19, 2025.
Link: https://pcpraha.cz/zh-CN/卡斯帕卡斯/加密货币挖掘中的新产品-enx-币和革命性的-asic-矿工现金/
Profit Blade, “KAS Surged 82x! What Are the Opportunities and Risks Behind It?" Binance Square, 2023.
Link: https://www.binance.com/zh-CN/square/post/61172642077
XT Exchange Team, “XT to List the ENX (EntropyX) Project," XT Support Announcement, March 21, 2025.
Link: https://xtsupport.zendesk.com/hc/zh-cn/articles/44799521701529