Did Kaspa's early mining centralize supply among ASIC operators?

No — the majority of KAS was already distributed before ASIC operators arrived. Kaspa's emission schedule front-loaded distribution during the GPU-mining era from 2021 to 2023, when consumer hardware was the primary mining tool available. By January 2024, roughly 76% of all KAS had been mined competitively across thousands of GPU miners worldwide, not concentrated among a few industrial operators. For a beginner, this is relevant context for the concern that proof-of-work mining inevitably hands coin supply to large ASIC farms — Kaspa's distribution timeline shows the bulk of supply was already spread widely before that dynamic could take hold.