Archive for the ‘Crypto Coins’ Category

MIB Coin (MIB) Mobile Blockchain Mined Only With Smartphones

24, Apr 2020

We have found another interesting mobile-oriented crypto project called MIB Coin (MIB) where everything is done with a smartphone including mining of MIB coins, so we had to give it a try.
MIB stands for Mobile Integrated Blockchain, a mobile blockchain where coins can be mined with a regular Android or iOS-based smartphone via a dedicated application. The project comes form Asia with apparently strong interest in Korea and China, and it seems that not that much interest from the rest of the world for the moment. The MIB coin is traded on Probit, a Korean exchange, as well as CoinBene, a Chinese one with a daily volume of less than 2 BTC at the moment and total market capitalization of about 50. According to CoinMarketCap at the moment for writing this MIB Coin (MIB) is ranked at 1113th place in terms of Market capitalization. The interesting thing here is that the mining can only be done on smartphone, unlike most other similar projects that may have a more efficient mobile miner, but can also be mined on CPU or even GPU with much higher speed, for MIB Coin there are only Android and Apple iPhone miners available.

We have downloaded and tried the MIB Miner Android application, there is one also for Apple iOS smartphones with both not available on the official Application Stores, you need to download and install manually from the official MIB website. On the left of the image above you can see the regular MIB Miner and on the right the MIB Miner Controller application designed for smartphone mining farms apparently. The miner itself requires you to register and generate a wallet address for mining, the mining part of the software is pretty basic and user friendly, no advanced options available. You only select the pool (the default one does not seem to work apparently, but there is a list to choose from) and the load that the miner will have on the smartphone. It seems that the miner may not be very demanding and can be used on battery without performance loss, though it stops mining if the app loses focus, so you must use your phone for mining exclusively.

You will also need to install a Wallet app and not just the mining one, as although the miner can generate a wallet for you, you do not have control for sending or even monitoring the amount of mined coins. Having everything in a single app might’ve been easier for the user in our opinion. We are not sure how things are regarding any monitoring or fail-safe on the hardware status of the smartphone you use for mining such as temperature monitoring to prevent overheating that will stop mining immediately for instance. So far the best we have seen i terms of a mobile mining software is the one from Scala (XLA) and it would be great if other projects can look into the mining software this crypto project has.

– For more information you can check out the official MIB Coin (MIB) website…

Mining ZANO Using the ProgPoWZ Proof of Work Algorithm

22, Apr 2020

The Zano (ZANO) crypto project is relatively new, launched last year, as a hybrid PoW/PoS coin aimed at e-commerce related applications according to the developers with 1 ZANO block reward. The project executed a 1:1 Boolberry (BRR) coin swap, but what seems to be most interesting about it is the fact that it is the first coin to use a ProgPoWZ as a mining algorithm (based on ProgPoW) and as far as we know it is still the only one to use it. Even though it is one of the early ProgPoW-based projects out there it still does not seem to have attracted that much interest from users or have a very large user base. What attracted our attention is the fact that ZANO has just been added to Whattomine and you can track mining profitability easily there, though currently not in the first few in terms of profit.

ZANO can be CPU mined (pointless at the moment) or mined using AMD OpenCL or Nvidia CUDA GPUs and it is also available on MiningRigRentals where you can rent mining rigs offering ZANO hashrate or lease your own hashrate for others to mining ZANO. There is a Progminer fork (source) with support for ProgPowZ as well as official precompiled binaries for CPU, AMD GPUs and Nvidia GPUs and ProgPoWZ has also been supported for a while now by TT-Miner – a closed source miner for Nvidia GPUs with 1% developer fee. Performance wise TT-Miner does seem a bit faster compared to the Nvidia CUDA progminer, 23 MHS (TT-Miner) vs 21.5 MHS (progminer) on GTX 1080 Ti.

ZANO currently hovers a bit below the 500th place according to CoinMarketCap and is being traded on a few smaller exchanges with 4.4 Million USD market cap and almost 1% of that as daily volume at the moment. ZANO is available for mining on two mining pools with almost 95% of the hashrate focused on Lukypool and the remaining hashrate on Fairpool. If you are familiar with ProgPoW mining then mining ZANO should not be much different with its ProgPoWZ algorithm, and even though the two algorithms are not entirely the same you can expecte to get pretty much the same performance as hashrate on both algorithms with your mining GPUs. Just like with ProgPoW here there is also a fairer performance balance between AMD and Nvidia GPUs based on the level of the GPU you have available – lower-end video cards will be slower for both the red and the green camp, while higher-end will be faster – no unfair advantage due to different video memory specifics as the algorithm is actually more GPU intensive compared to Ethash for instance. The following to crypto exchanges offer support for ZANO trading at the moment: Stex, qTrade and Trade Ogre.

Next BEAM Hard Fork is Planned for June 28th (Block #777777)

22, Apr 2020

The Beam project has announced their plans for an upcoming hard fork that will occur at Block Height 777777, expected to be reached on June 28th this year. The most notable change in this hard fork is the switch from BeamHash II to the new BeamHash III algorithm for mining. Do note that since this is a hard fork after the Block Height 777777 is reached, wallets earlier than 5.0 will stop working, so the users will need to upgrade the wallets to version 5.0 or later to access their funds. The Node and the Desktop Wallet binaries should be released around the end of May, so about month before the hard fork.

The wider memory operations in the design of BeamHash III apparently allow better use of the fuller capabilities of a GPU card. Making it easier to saturate the given bandwidth of the GPU card, reducing the potential advantage of other devices, especially FPGAs. The stronger algorithm binding of the new scheme utilized in BeamHash III will make “unknown optimizations” potentially used for secret mining, more unlikely. The lesser compute dependency of BeamHash III reduces the potential advantage of multi-chip ASICs over GPUs whilst also allowing GPUs to run lesser clock rates, for more improved hashrate. And a single chip ASIC would likely not be economically feasible.

– To read the full details of the official announcement of the next BEAM Hard Fork…


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