All About BTC, LTC, ETH mining as well as other alternative crypto currencies
It seems that the continuing talk about regulating Bitcoin and more specifically the businesses operating with Bitcoins it fueling the interest in alternative crypto coins such as DarkCoin (DRK) that are focusing on their anonymity features. Regulating Bitcoin and the businesses operating with Bitcoins leads to all things that BTC and crypto currencies are against in their design, however it seems that the way to mainstream adoption needs regulation or so some countries say. The state wants to know how many crypto coins you have and how and where you are using them, even though they may say Bitcoin is not a currency. The reason that they state for that is of course “to protect” you from scams and “to protect” everyone else from the use of Bitcoins for illegal purposes. But are you ready to give away your privacy for the sake of being “protected”?
It is true that some users probably want to and use Bitcoin and crypto currencies for illegal things, but the same thing is true for the fiat – if you want to do something illegal and have the money you will find a way, regardless if the type of currency you use. The recent crackdown of the new Silk Road 2.0 and other illegal online markets may be used to give some bad PR for Bitcoin, however there are illegal online markets that do not work with crypto currencies, so what about these? But back to DarkCoin, anonymity has been one of the things that people using crypot currencies do want to have and there have been many altcoins appearing pushing some promising anonymity features. DarkCoin however remains one of the first and the most popular and widely used “anonymous” crypto coin, even though it had quite a few problems along the way, especially implementing new features, it has survived and will be here to stay. So long term investment in DarkCoin may not be a bad thing to consider, especially if you already have some DRK coins…
The ccMiner software miner for Nvidia GPUs has received another update of the source code with improved performance for X11 algorithm mining, so you should be getting higher hashrate when mining crypto currencies such as DarkCoin. We have compiled a binary for Windows that you can find below and try on your Nvidia GPU. The performance that the current optimized code for X11 offers on our test GeForce GTX 780 Ti GPU is almost 4.7 MHS (non overclocked) and with the previous 1.0 release of ccminer we were getting hashrate of about 2.8 MHS when mining DarkCoin. On a GTX 750 Ti you are probably going to get pretty much the same performance that a Radeon R9 280X currently has for X11 mining or about 2 MHS or slightly more. So now Nvidia clearly has the advantage in X11 mining in terms of performance over AMD.
Do note that the windows binary you can download below is compiled for Compute 3.0, 3.5 and 5.0 cards (32-bit version only), so it will not work on older cards. It is also compiled with Visual Studio 2012, so if you do not already have Visual C++ Redistributable for Visual Studio 2012 you will have to download and install it, otherwise you may be getting error for a missing DLL library.
DarkCoin (DRK), now renamed to DASH, aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions. These features are a work on progress and will be released in stages in the near future. DarkCoin (DRK) uses a specialized CPU and GPU miners, so you will need to download these in order to be able to mine this new crypto, download links are available below.
DarkCoin uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoins were originally. ASICs will be much more difficult to make for these algorithms and will take years, so GPU mining should be the main solution for mining these coins.
Block Explorer / Crawler
– at GitHub