Karlsen Network and the Karlsen Coin (KLS) is a new project that is forked from Kaspa (KAS) with a a modified Proof of Work algorithm called KarlsenHash that prevents KAS ASICs to mine the coin. The project is still new and early and not much information is available, so you should treat with caution as always and if installing a local wallet and node you should do it in a sandbox environment just to be on the safe side. The project has caught a lot of attention from crypto miners and a lot of GPU mining power is being sent over to mine KLS coins (50 coins per block with 1 second block time). There are still no exchanges available with support for KLS, but you can mine with a local node and wallet and there are already pools supporting Karlsen Network mining popping up like Herominers. The latest version of SRBMiner-Multi has added support for mining KLS coins with the new algorithm (1% dev fee) and you can use the same settings you used for KAS mining on your GPUs. Below you can find a quick guide that we’ve prepared on how to setup a local Karlsen Network node and create a local wallet that you can mine KLS coins to if you are interested in getting started with mining.
Quick Getting Started Guide:
1. Download the latest Karlsen Network node and wallet from GitHub.
2. Unzip the downloaded archive that contains 5 different executable files.
3. Run "karlsenwallet create" to generate a local wallet, you will be prompted to create a password for encryption (remember it!)
4. You will get a keys.json file created with the encrypted private key (back it up!) and you will be shown a public key (this is not a wallet you can mine at, you will need to create wallet!)
5. Run "karlsenwallet dump-unencrypted-data" to get your 24-word mnemonic phrase for recovery (write that down and store securely).
6. Run "karlsend --utxoindex" to start a local node on your computer.
7. Run "karlsenwallet start-daemon" to get the wallet ready.
8. Run "karlsenwallet new-address" in order to generate a wallet address that you can point your miners at the mining pool.
9. Run "karlsenwallet balance -v" to check the balance of your wallet(s) when pools send you payments, you need to wait for the blockchain to sync for the balance to appear.
10. Run "karlsenwallet send -v-t " to send coins from your local wallet to a different wallet, make sure you set the amount and the wallet to send to.
Example SRBMiner-Multi Karlsen mining command line:
SRBMiner-MULTI.exe --algorithm karlsenhash --pool stratum+tcps://de.karlsen.herominers.com:1195 --wallet karlsen:YOUR_WALLET_ID --password WORKER_ID --gpu-cclock0 1710 --gpu-mclock0 810 --gpu-coffset0 250
Make sure you update the wallet and worker ids in the example command line above as well as change the GPU clock, Memory clock and offset according to what your GPUs can handle. Again, using the same settings you have used for mining KAS on your GPUs (if you did) is a good starting point. The example shows a good average for use on Nvidia GeForce RTX 3070 GPU.
– Visit the official Karlsen Network (KLS) project website for more info…
