Kaspa's block reward fell from 2.06 to 1.94 $KAS on Wednesday, a 5.6% reduction under the network's monthly emission schedule. Miners did not leave in any significant numbers: network hashrate dipped briefly before recovering to within 1% of its level before the cut.

Hashrate Recovers After Brief Dip

Hashrate, the combined computing power of all miners on the network, fell to about 265 PH/s earlier on the day. It then climbed back to around 363 PH/s, within 1% of Tuesday's level, before the reduction took effect.

That recovery is broadly in line with recent readings. Data from Cryptohall24 showed network hashrate at 378.0 PH/s on 24 October 2026, up from 318.2 PH/s at the end of August on the same dataset. The same source shows hashrate remains well below its peak of 642.80 PH/s.

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How Kaspa's Emission Schedule Works

Unlike Bitcoin ($BTC), which halves its block subsidy roughly every four years, Kaspa reduces rewards in small monthly steps. According to Bitget's explainer, the block reward is cut every month by a factor of (1/2)^(1/12), so the reward halves once a year. That works out to a cut of about 5.6% each month, a figure also noted by Phemex, which describes the design as meant to spare miners a sudden change in their economics.

The policy also fixes issuance per unit of time rather than per block. After the Crescendo hard fork on May 5, 2025, which raised the block rate from 1 to 10 blocks per second, the per-block reward fell proportionally while the per-second emission rate was preserved.

The next step, to 1.84 $KAS, is due in about 29 days.

Supply Context

Kaspa has no premine or founder allocation, and new coins enter circulation only through proof-of-work mining. Its estimated total issuance is about 28.7 billion $KAS, according to TaxGuru's overview of the protocol. CaptainAltcoin reported that more than 95% of the supply had already been mined by 10 July 2026, which means each monthly cut now applies to a shrinking flow of new coins.

Whether hashrate stays steady through further reductions will depend on the $KAS price, electricity costs and mining hardware efficiency, the main factors in miner profitability.

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