Archive for the ‘Crypto Coins’ Category

Mine VertCoin (VTC) After the Switch to the Verthash Algorithm

31, Jan 2021

If you been intr crypto for longer time probably have heard about VertCoin (VTC), after all it has been available for more than 7 years already and during that time forked multiple times changing Proof of Work (PoW) mining algorithms. Well, VTC did it once more this time switching from using Lyra2REv3 to Verthash in order to bring back mining VertCoin back in the hands of GPU miners. As is it normal with forks, requiring wallet updates and new mining software things may get a bit messy initially until everyone updates to the required software and the fork just happened. This means that not all mining pools and exchanges supporting VTC have already upgraded and are ready for the fork, so make sure if you mine VTC using Verthash to do it on a compatible mining pool and keep the mined coins locally and not sending them directly to an exchange for a while more at least!

In order to be able to mine VTC with the new Verthash algorithm you need to start by downloading the latest VTC wallet (currently version 0.17.1) and running it as it will generate a Verthash Datafile on its first run. This verthash.dat file is over 1GB in size so it can take a while, but it is a requirement for the miner to start working, so you will need to wait (the dat file is required on every mining rig!).

– To Download the latest Vertcoin Wallet v0.17.1 (Verthash)…

The next thing you need is to download and configure the latest VerthashMiner, there is a Windows and Linux version available and the miner works on both Nvidia CUDA and AMD OpenCL GPUs. Have in mind that the VerthashMiner miner requires a GPU with a minimum of 2GB VRAM! In order to start mining you will need two things, a mining pool where you will point your mining hashratre (you can go for the – Suprnova Vertcoin Pool like we do in this example) and the second thing the miner needs is the verthash.dat file that the wallet will generate on its first run.

– To Download the latest VerthashMiner v0.6.1 Miner…

Suprnova VTC VertHash Stratum server:
– Standart Difficulty: stratum+tcp://vtc.suprnova.cc:1777
– High Difficulty: stratum+tcp://vtc.suprnova.cc:1778
– High Difficulty: stratum+tcp://vtc.suprnova.cc:1779

Example VerthashMiner command line:
VerthashMiner -o stratum+tcp://vtc.suprnova.cc:1777 -u USERNAME.WORKER-ID -p x --verthash-data verthash.dat --all-cu-devices --all-cl-devices

Make sure to replace USERNAME with the username and WORKER-ID with a worker id you have created on the pool. Then either copy the verthash.dat file from the VertCoin wallet folder to the miner folder or set the full path to the file in the miner command line.

How much VTC can you mine using the new Verthash algorithm, well that depends on what kind of video cards you have available and how many. For instance, a single power-optimized Nvidia GeForce RTX 1080 Ti video card does about 700 KH/s in terms of hashrate and that can probably get you about 1 VTC per two hours maybe (1 VTC is about $0.22 USD at the moment), though with difficulty increasing that will surely change and go down.

If you are looking for an easier alternative to get started mining Vertcoin (VTC) with the new Verthash crypto algorithm, then you might want to also check out the official Vertcoin One Click Miner that simplifies the process described above for people that are new to crypto and mining in general.

– To Download the VTC One Click Miner vNext 2.0-rc4…

Ravencoin Classic (RVC) is a Fork Off the Ravencoin (RVN) Blockchain

25, May 2020

It seems that there is a Ravencoin Classic (RVC) fork off the Ravencoin (RVN) blockchain that has happened along the last RVN hardfork when the new KAWPOW algorithm has been adopted by Ravencoin. The thing that differentiates RVC from RVN is the fact that the Ravencoin Classic retains the original X16R mining algorithm that has been introduced with the launch of RVN. The idea to fork from X16R to X16Rv2 and then to the KOWPOW algorithm for Ravencoin is to keep RVN GPU mining friendly and to drive away secret FPGA/ASIC miners as such apparently exist for X16R and X16v2 already. Yet the Ravencoin Classic (RVC) fork that retains the original X16R algorithm and is being described by F2pool (the largest pool to support RVC mining at the moment) with things such as “RVC can be efficiently mined with GPU cards” and “RVC cannot be efficiently mined with CPU or ASIC mining machines”. Surprisingly or not the mining profitability with GPUs of RVC with X16R is currently lower for the same hardware RVN with KAWPOW. If you want to learn more about blockchain technology, check out this Youtube Channel.

Now, regardless if you support the Ravencoin Classic (RVC) or not, as with other forks if you had Ravencoin (RVN) in a local wallet, then you will be able to claim your RVC coins at 1:1 ratio to do whatever you want with them. You just need to copy the wallet data file to a new installation of the RVC wallet, make sure you use the datadir command line parameter to use a custom folder for the Ravencoin Classic blockchain data as otherwise it will try to overwrite the RVN data you have available. The RVC wallet should have replay protection already, though it is always wise to first move your RVN coins to a new address before doing anything with RVC, just to be on the safe side! Ravencoin Classic (RVC) is currently being traded only on the Longbit crypt exchange which is an Asian one (switch to English language in the upper right corer of the screen), though it accepts international registrations. It however requires you to go through an identity verification process before you can deposit and trade coins, so have in mind that you need to pass that as well.

– To visit the official Ravencoin Classic (RVC) fork website for more details…

YentenCoin (YTN) – The Best CPU Coin or Not Yet At Least

18, May 2020

YentenCoin (YTN) is an interesting project that we have stumbled upon when looking around for CPU-only crypto coins and we were pleasantly surprised by it – a good presentation, ongoing development, large number of pools and listed on a number of smaller crypto exchanges. It all seems great, until you look at the trading volume – almost one, yet there seems to be a few hundred people mining the coin. The project describes itself as “the best CPU coin” that can be mined wit everyone that has a computer (CPU crypto coin) and that could’ve been true if it had larger user base and more trading and usage going on as the rest seems quite OK already. So we wanted to give our readers an idea of the project, so maybe it could get some more attention that it deserves.

YTH uses the YespowerR16 mining algorithm, meaning it is intended to be mined with processors only, no GPU mining here, sorry. A good choice of a mining software would be cpuminer-opt or SRBMiner-MULTI, though there are other options available as well. The YespowerR16 algorithm is Intel friendly, meaning that AMD Ryzen CPU owners might want to go for RandomX-based projects in order to maximize their processor’s potential instead. YentenCoin (YTN) even has its own simple GUI miner that might not be the best performing one, but sure seems easy enough for everyone to use.

The largest mining pool for YTN currently is CPU Pool that has some other small CPU-only crypto projects available for mining. You can also try Yenten Pool and the coin is also available on the Zergpool and Zpool where it can be autoexchanged to BTC if you do not wish to mine YTN coins directly. As for exchanges, a good starting point would be Graviex and Crex24, though as we have already mentioned there is currently not much trading going on for YentenCoin.

– To visit the official YentenCoin (YTN) crypto project website for more details…


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