Archive for the ‘Crypto Coins’ Category

The Ravencoin Dev team has now confirmed the upcoming algorithm changes to the new X16Rv2 algorithm planned to happen on Tuesday October 1st 2019 at 16:00:00 UTC. The new X16Rv2 will have the algorithm Tiger into three separate parts of the current X16R algo with the Tiger hash performed before the algorithms Luffa512, Keccak512, and SHA512. A new build should be made available this week or at the beginning of the next (version 2.5.0) that will have the algorithm switch in it. The new build will also be fixing some bugs, and adding some improvements into the Ravencoin Core Client. It is recommended that all users/nodes update to 2.5.0 as soon as it becomes available even though there is more than a month before the algorithm switch. Meanwhile GPU miners interested in continuing to mine RVN with the new X16Rv2 algorithm should monitor heir favorite mining software as support for the new algo is being announced in upcoming updates…

The BEAM Project is having a hard fork in about two days and you need to make sure that you are ready for it if you are mining it or are using a local wallet for BEAM. The BEAM Hard Fork is scheduled for block #321321 which should be reached sometime in August 15th and you need to mak sure your wallet is up to date as well as your miner. Make sure you get the latest BEAM wallet if you use a local wallet, if you rely on exchanges make sure they have updated their wallets after the fork before doing any transactions.

The BEAM Hard Fork will also come with changes in the algorithm used for mining, the PoW algorithm will change from Beam Hash I (Equihash 150,5) to Beam Hash II (EquihashR variation). And while the new algorithm is still a modification of the Equihash you would still have to use a new miner or an updated one with support for the new algorithm (EquihashR parameters n = 150, k = 5 and r = 3). The initial information suggests that the new BeamHash II algorithms should be faster in terms of hashrate and with lower power consumption on the same hardware compared to the still currently used BeamHash I (Equihash 150,5) algorithm.

The software miner with support for BEAM mining have already started updating with support for the new algorithm, though not all of them already have Beam Hash II available. Our preferred Nvidia BEAM miner – GMiner 1.55 already has support for both AMD and Nvidia miners for the upcoming hardfork and the new BeamHash II algo… there is even an auto-switch function built-in, so that it will switch to the new algorithm after the fork is detected. The latest lolMiner 0.8.6 for AMD GPUs has added support for the BEAM hard fork and there is also an auto switch option available to help you seamlessly move to the new Beam Hash II algorithm. Other popular miners with BEAM support should most likely follow soon with updates adding the new algorithm as well…

The BSHA3 project was apparently revealed last year, however it seems that the original developer of the coin has abandoned his work and a bit earlier this year it has been revived as a community supported project. BSHA3 is apparently the first crypto coin to use the SHA3d algorithm (like SHA3-256, but two iterations each time – in the spirit of Bitcoin’s SHA-256d). Other than the different algorithm the coin follows Bitcoin’s math with 50 BSHA3 coins per block, 10 minute block time and 21 million coins to be ever mined in total. The original chain relied on 2016 block difficulty adjustment as well, though that apparently caused it to get stuck at a point, so the new community fork at block 20418 with the new LWMA 3 difficulty algorithm was made available to fix the problem and restore the network.

There are already a number of mining pools available as well as few small exchanges that have listed the coin, though it seems that currently the mining is being dominated by a single Asian mining pool. There is a miner forked from ccminer for Nvidia GPUs available for the SHA3d algorithm available. Also the algorithm is already available for mining on FPGA devices as well, the HashAltcoin Blackminer F1 series do have support for SHA3d, though that does not bring that much advantage over a high-end GPU mining rig in terms of performance compared to ASICs for example.

For more details about the BSHA3 SHA3d community supported crypto coin…


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