We propose an efficient deterministic method to calculate the full configuration interaction (FCI) ground state energy. This method leverages the sparseness of the Lanczos basis vectors that span the Krylov subspace associated with the Hamiltonian to rapidly calculate the lowest eigenvalue of the effective Hamiltonian formed in this basis. By iteratively performing the spanning and diagonalization steps, this method is capable of rapidly reaching chemical accuracy for a variety of strongly correlated molecules, including stretched N2 and C2, in merely several tens of iterations. To accelerate our algorithm, we implement parallelized sparse matrix-sparse vector multiplication, which features a novel hashing method that establishes a one-to-one correspondence between the set of full configuration Slater determinants and a set of consecutive integers. A near-linear acceleration was observed.