Kaspa Carnot Engine: The Most Critical PoW Cycle Is Happening NOW

🔥 Special thanks to @Themooseisloos5 (https://x.com/Themooseisloos5) the mastermind behind this game-changing research. If you’re into Kaspa, Proof-of-Work, or crypto mining economics, go follow him on X right now.

📄 Full study here → https://kaspa-lens.com/kaspa-special/2025-08-13-the-four-stages-of-proof-of-work-cycles-a-thermodynamic-and-economic-framework-with-kaspa-as-a-central-case-study.pdf

What if crypto mining could be explained… by the same physics that powers engines and life itself?

In this Kaspa Special, we break down The Four Stages of Proof-of-Work Cycles a thermodynamic and economic framework that could change the way you think about $KAS, mining profitability, and network security.

From the “Hot Coin” phase to ASIC scarcity, from energy costs to the possibility of a permanent hot cycle, we explore: • Why we might be in the most critical PoW cycle ever • How energy prices, hardware availability, and market sentiment lock into a self-reinforcing loop • What could happen if Layer 2s and DeFi arrive faster than expected • The hidden signals that miners and investors should watch right now

This is crypto, physics, and $KAS like you’ve never seen before and the next few months could decide the winners and losers of this cycle.

#Kaspa #ProofOfWork #POW #CryptoMining #KAS #KaspaSpecial #BlockchainEconomics #CryptoPhysics #crypto #bitcoin