K1Pool

Week 19 of SOAP: - 68,457 blocks mined across all chains (+4.5%) - $165,636.21 in Weekly Revenue (-5.9%) - $4,087,676.83 in Total Revenue (+4.0%) - $157.44B TVS across all chains (+1.4%) - 77,562,129 Total $QUAI burned (+5.4%) Another 4 million $QUAI burned this week, bringing total confirmed burns to 77,562,129 since the launch of SOAP. Quai is the only network that has a built in mechanism to work towards offsetting mining emissions completely, eventually flipping the relationship to be deflationary once enough hashrate joins the network. Haven’t heard of SOAP? Yesterday may have been the best time to learn about it, but today is the second best day to do so. I’ve written an extensive, non-technical guide to bring you up to speed What is SOAP: x.com/ChristopherGLH… Weekly revenue dipped slightly by about 5%, but still remains higher than weeks prior - which was expected due to variance. As a team, we strive to continue to build out the network and demonstrate excellence - and by laying the proper foundations now while the market is quiet, we are ready to onboard the next wave of miners and energy-money seekers as the opportunities arise. Hashrates: - SHA256 - High: 420.93 PH/s | Low: 181.39 PH/s | Avg: 258.40 PH/s (-9.1%) - Scrypt - High: 35.38 TH/s | Low: 10.24 TH/s | Avg: 14.76 TH/s (-8.8%) - KawPoW - High: 1,273.62 GH/s | Low: 272.00 GH/s | Avg: 686.94 GH/s (-19.1%) Hashrates dropped a bit across all three algorithms this week - SHA-256 averaged 258.40 PH/s (-9.1%), Scrypt at 14.76 TH/s (-8.8%), and KawPoW at 686.94 GH/s (-19.1%). The broader mining industry is in a wait-and-see phase right now, which is normal for this point in the cycle and has been observed to be consistent with past trends. Worth zooming out: since SOAP launched just before the start of 2026, and network hashrate has grown exponentially. SOAP has proven wildly successful - not just for the network, but for the miners and organizations who have participated. This type of growth is extremely rare, and something everyone should be proud of. --- Three things worth calling out this week: First - total protocol SOAP revenue hit $4 million, all of which goes to buybacks and burns. There are very few projects that have 8 figure marketcaps that are posting numbers like this. Congratulations to every miner, community member, and participant who contributed to this milestone. We're very excited about the future of SOAP, making it more accesible for miners of every level, and continuing to grow and expand as the cycle moves forward. Post: x.com/QuaiNetwork/st… Second - the team wrapped up @TheBitcoinConf Vegas 2026. We met so many liked-minded individuals who see the same paradigm and have similar outlooks, and broke bread with some of the best. If you stopped by our booth, you may have even snagged a @QuaiNetwork-branded @Tangem wallet. Another successful year! Post: x.com/QuaiNetwork/st… Third - @blippay shipped a major update with full Qi support, app-specific wallets, a redesigned in-app browser, and wallet UX improvements. The entire Quai ecosystem accessible from a redesigned mobile experience, with Qi built in as fair money for payments. We hope you enjoy the new aesthetics and user experience, not to mention the lightning fast transactions! Post: x.com/blippay/status… I'll see you next week! All chains lead to $QUAI as we usher in the era of energy money ⚡️💵