GameFlip

coinex-mining-multipool-exchange

In the last 24 or even more hours Multipool has been having some serious problems, and that is causing problems for people mining for DOGE coins and other alternative scrypt cryptocurrencies as they do not know where else to mine them in a pool that automatically switches to the best and most profitable coin. But even if you are mining for DOGE coins directly, you might want to find a good alternative for mining instead of multipool. One such interesting place is CoinEX – a mining pool much like multipool that also has its own crypto exchange, so you can save the trouble of transferring the coins to a separate exchange like Cryptsy for example. Instead you can mine, trade the coins and withdraw them directly to your wallet all in one place.

So far Coinex is working quite well and though it is not as big as Multipool or Cryptsy it seems to be much more stable. So if you are looking for alternative mining pool to Multipool, then do check Coinex now and start mining DOGE or other alternative cryptos there… at least until multipool resolves their issues. Coinex, much like multipool, does have both SHA-256 and scrypt-based crypto mining options and you can either mine directly a coin you want or use the automatic switching option. Furthermore the Coinex mining pools offer more options for alt coins that what multipool currently have, so more chances for higher profitability not only from DOGE, LOTO or MOON, but other alternative coins as well. The pool fee is Pool fee 2% which is a little higher than Multipool’s 1.5%, but between 0.5% higher fee of something than 1.5% of nothing the choice should be easy.

Another interesting alternative is LTC Rabbit, an LTC and alternative scrypt crypto mining pool where the coins currently mined are also automatically selected by the pool based on profitability. The difference however is that you are being payed directly in Litecoins, it is as if you are mining for LTC and you earn LTC from that plus you also get additional alternative crypto coin bonus based on the current profitability of the alt coins mined such as DOGE for example an that bonus you get also in LTC directly in your account. This saves you all the trouble and waiting of having to transfer the mined alternative crypto coins to an exchange and then trade them for LTC and the profitability you get is not that much lower than if you are mining alternatives and then trading them on an exchange.

reddcoin-logo

Reddcoin (RDD) is the social currency that enriches people’s social lives and makes digital currency easy for the general public. Reddcoin achieves this by integrating a digital currency platform seamlessly with all major social networks to make the process of sending and receiving money fun and rewarding for everyone. Redddcoin Proof of Stake Velocity is an innovative algorithm that encourages both ownership (Stake) and activity (Velocity). PoSV solves issues in traditional PoW & PoS algorithms and eliminate wasteful consumption of electricity for mining. Reddcoin decentralized Tip Platform allows people to seamlessly send & receive digital currency on Social Networks. Reddcoin Redd-ID is a unique service provided at the blockchain level which allows a user to associate a username with rich information including public keys and social network identities. Reddcoin Broadcast provides powerful crowd-sourced marketing tools to businesses and steady Reddcoin income to individuals based on their social influence level.

Website:
https://www.reddcoin.com/

Block Explorer:
http://live.reddcoin.com/

Coin Specifications

  • Algorithm: Proof-of-Stake-Velocity
  • Total Supply: ~27 billion RDD at the end of PoW
  • Interest rate: 5% inflation yearly
  • Min Age: 8 hours, Max age 45 days
  • Block Time: 60 Seconds
  • Difficulty Retarget: Every block using Kimoto’s gravity well

Wallet:
Windows
Linux
Mac OS

Source Code:
at GitHub

Ports:
– RPC Port: 45443

Mining Pools:
No mining pools available, the coin is now PoS only.

Coin Exchanges:
Bittrex
Bleutrade
Poloniex
Yobit

protoshares-ypool-cpu-mining

Here is our real world 24 hour test with mining Protoshare (PTS) with CPU only in order to get an idea what profitability you can expect with the current market price for PTS. We’ve used two CPUs – one AMD and one Intel on systems that already mine Scrypt coins with video cards the idea to not waste the CPU performance we have available since Scrypt mining with GPUs does not require a lot of processor power.

The two CPUs we’ve used for mining are:
– Intel Core i5 2500K Quad Core 3.3 GHz
– AMD Phenom II X6 1100T Six Core 3.3 GHz

The pool we used for PTS mining is ypool:
– 5% fee

The total earnings for 24 hour period (confirmed + unconfirmed):
– 0.10423418 PTS

The value of the Protoshares mined for 24 hours is as follows:
– 0.00138917 BTC
– ~$1.10 USD

The end result is quite interesting as the profitability we got in USD is pretty much the same as the one we’ve managed to get in our Primecoin (XPM) mining test for 24 hours with the same CPU hardware. A bit over a dollar a day pretty much covers the extra increase in power usage, so the real profit minus the expenses is minimal. But there seems to be GPU miners already available for PTS, so the next thing is to try out these and see if it is worth to mine PTS on the GPU or there is no point since scrypt mining on the GPU will be more profitable.

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