Archive for the ‘Crypto Coins’ Category

Zcoin (XZC) has recently switched to a new algorithm called MTP as a means to be ASIC-resistant, it is a new algorithm and mining software is still being developed, but there are already miners available for CPUs (not that useful anymore) and GPUs – for both AMD and Nvidia. If you are interested in trying out to mine Zcoin you should be aware that the algorithm needs more memory, both on the GPU (4 GB VRAM on the video cards as minimum) as well as on the mining rig where 8 GB plus is a must have preferably 16GB for 6-8 GPUs. Also you should note that miners are still being optimized, so performance and stability can be further improved and you can expect to have some issues at this point. if you want to try out the CPU miner for MTP you should be aware that it also needs a fixed 4 GB per thread so with an 8-core processor, you would need 32 GB of RAM.

If you are using Nvidia GPUs for mining you should head over to the ccminer fork with MTP support being actively developed by djm34 and download the latest version. Depending on your settings the current version should be capable of providing about 1200 KHS per GTX 1080 Ti GPU with lower power usage (not yet fully optimized), owners of RTX 2080 GPUs might be quite happy with up to almost double that hashrate, but with higher power usage though. Make sure that you have the latest Nvidia video drivers installed though with CUDA 10 support in order to be able to run the miner.

If you want to try mining ith AMD GPUs, then you will need the latest WildRig Multi 0.15.0.6 mtp beta miner that adds beta support for the MTP algorithm. AMD RX 480, RX 580 and RX 590 GPUs should be capable of delivering about 800-900 KHS per card which is quite good compared to the current Nvidia results, however the power consumption is higher on the AMD video cards as well. The AMD GPU miner for MTP also has high requirements for both video memory and system memory, so make sure you have enough available on your mining rigs. If you have just 4 GB of system memory availabe you can still experiment with the miners to see what performance you can get, but you should limit the miner to run on a single GPU only.

If you are interested in learning more about the Zcoin (XZC) privacy centered crypto project…

There is a relatively new ambitious project called Placeholders (PHL) that is aiming to create a Decentralized Marketplace for Distributed Computing Resources to serve as an alternative to Google Cloud and Amazon Web Services. Placeholders’ blockchain utilizes the so called “artifacts” as placeholders, which is custom data stored in the blockchain to enable complex computing operations. These complex computing operations will be provided by Placeholders wallet users who rent their local computing resources (CPU/Hard-drive/RAM) to buyers who are willing to pay in PHL for the resources to be utilized as a virtual private server (VPS) in the cloud. Do note that as usual with new projects that do not yet have a full working platform for what they are promising t be delivered there is a risk involved!

Placeholders is a work in progress that seems to be forked from Ravencoin (RVN) using the same algorithm for mining the PHL coins that will be used by the project’s decentralized marketplace for payment for the distributed computing resources, though it seems that a different algorithm was used for a while before forking to X16R. The project has just recently been started, so the full functionality for the platform is far from ready, though it does seem promising if the team manages to implement their plans in reality. The block reward for mining is 5 PHL, decreasing emission over time to limit inflation, halving after first 90 days and then the emissions will be reduced every 90 days at decreasing rate throughout the future of the blockchain. The maximum supply for the Placeholders is 10,500,000 PHL with no pre-mine, dev-fee or something like that and the coin is already listed on an exchange for people not interested in following the project development over time, but just want to be mining and selling the coins.

For more information about the Placeholders (PHL) project check the Bitcoitalk announcement…

We love to see new crypro projects that also come with a new mining algorithms that are not dominated by ASICs or hashpower renting services. SUQA is one such new crypto project that comes with its own new proof of work mining algorithm called X22i that of course requires a new miner. The coins is a proof of work one, meaning that it can be mined with GPUs, although initially there was only an Nvidia CUDA miner available, there is now also an AMD OpenCL miner also available. SUQA has a block reward that goes down pretty fast initially, so it is apparently a good idea to join the mining early on with a higher block reward. There are also Time-Locked deposits with 5% regular APR, though for the first three months it is raised to 25% to drive early adoption. The most interesting thing about the X22i algorithm is the so called quantum resistant part in the algo chain called SWIFFTX and the promise that the project will remain FPGA and ASIC resistant.

Currently there is an official open source ccminer fork for Nvidia GPUs, though it is significantly slower than the third-party option available. The zjazz experimental CUDA miner with SUQA support is up to about twice faster compared to the official one. It is however still an experimental release, a closed source miner and comes with a 2% developer fee built in. A couple of hours ago zjazz has also released an experimental version for AMD GPUs, so now you can use it to mine SUQA on AMD-based mining rigs as well. There are already a big number of pools supporting SUQA mining, so you have a lot of options to choose from. There is a mining calculator, though you can use it only for checking how much coins you can mine. The coin is already listed on two small exchanges with no trading volume in general, so you might want to wait for a more serious listing later on before starting to trade it.

Although the project is still new and being actively developed it has generated a lot of attention already, so you might want to check it out in more details if you are looking for something new and interesting to mine.

For more details about the SUQA crypto project and its further development…


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