All About BTC, LTC, ETH mining as well as other alternative crypto currencies
One of the main issues for users that are into altcoins are coins switching to PoS (Proof of Stake) or supporting both PoW (Proof of Work) and PoS (Proof of Stake) is that they need to run multiple wallets all the time usually with very low interest rate to keep them motivated. Of course the idea of PoS is to keep the network operational and with multiple nodes by stimulating users with rewards to keep their wallets running all the time, but this rarely happens as planned. This is precisely why the user interest usually drops in coins once they go to PoS pretty quick, but there is an interesting solution that might help users not loose interest in PoS coins and avoid the inconvenience of running multiple coin wallets all the time. Staisybit is an online wallet for multiple crypto coins that allows users to keep their coins stored in it and have them staked, earning rewards based on the interest rate that each coin has with very low fees. This will save you the trouble of running multiple wallets that can be heavy on the computer they are installed and require a lot of resources, especially if they are more than just a few coins. The drawback will be a smaller number of users running the wallet and supporting the network of the specific coins as the service runs a single wallet per coin with multiple users, but then again it is also about the convenience of the users.
Staisybit has been available for a while apparently, but it is not very well known among users apparently and is not very popular, even though it provides interesting service and is easy to use and works well. Currently the service has support for 13 different coins with PoS, they are: Bitz (BITZ), Blackcoin (BLK), Diamond (DMD), Energycoin (ENRG), Europecoin (ERC), Fuelcoin (FUEL), Noblecoin (NOBL), OKCash (OK), Shadowcoin (SDC), Sterlingcoin (SLG), Vericoin (VRC), CoinMagi (XMG) and Quotient (XQN). Once you register (set a secure password with small and big caps and numbers) you need to Open Wallet for the supported coin you like and send in some coins in order for the staking to start. The service can use a bit of polishing and needs some more information and details such as info on all supported coins as some of them might not be familiar to many users etc, but is still quite good and might be useful to some users.
We haven’t paid a lot of attention lately to alternative crypto coins that are mined only with CPU with no GPU, FPGA or ASIC miners, so we’ve decided to check what is going on with Coin Magi (XMG) as we haven’t been following it actively the last few months. Coin Magi is a PoW and PoS coin that is currently being traded for a little over 2000 satoshi per coin, it is being traded on multiple altcoin exchanges including some of the largest ones, though the trade volume at the moment is pretty low and there are multiple pools where you can mine the coin if you do have some spare CPU power available and you are wondering what to mine.
Coin Magi (XMG) uses the M7M algorithm and besides CPU mining and staking coins you can also rent mining rigs at the Mining Rig Rentals service. Last year we have tested the most up to date miner available for XMG – the Wolf0 m7m v2 cpuminer on an Intel Core i7 5820k CPU and now we have retested again in order to compare it with a more recent release in the form of a dedicated m-minerd for XMG (source) that is based on Wolf0’s code. The 32-bit version is significantly slower, so we do recommend to go for the 64-bit miner for best performance, but interestingly enough we are getting slightly less performance for, the new miner. The advantage that the new m-minerd miner for the M7M algorithm has an option for that allows you to set the percentage of CPU usage you want the miner to take.
Intel Core i7 5820k (6C 12T) CPU:
– Wolf0 minerd 64-bit – 122 KHS
– m-minerd 32-bit – 64 KHS
– m-minerd 64-bit – 119 KHS
Even though most people are either GPU mining or using specialized ASIC miners for most crypto coins, there are still some that are only CPU mineable or at least are worth CPU mining even if they do come with a GPU miner as well. Since we are getting questions what crypto coin to mine if you have some spare CPU power available, we have compiled a short list of coins that you might want to check out. Do note that with a single CPU you will most likely not earn much mining any CPU coin, but if you have multiple CPUs available along with free electricity the outcome might be better…
The list is alphabetically ordered are there are a few other CPU coins available as well besides the ones listed above, many of these based on the CryptoNight algorithm used by XMR and some others as well, so if you are interested you can dig a bit more into the alternatives. Alternatively you can look for new coin launches that only come with CPU mining, these can be profitable to mine initially as well.