Archive for the ‘Crypto Coins’ Category

After a bit of a delay the official launch of the Veil Project happened earlier today and you can already mine VEIL coins if you are looking for something new and interesting to move your GPU mining rigs on to. Veil is the first Zerocoin-based cryptocurrency with always-on privacy thanks to combining Zerocoin and RingCT technologies to provide full-time privacy without compromise. Veil’s blockchain is secured via Proof-of-Work and Proof-of-Stake, though initially only 50% of the coins (50 VEIL) are going to mining/staking and the rest is distributed among the founder, Veil Labs for ongoing research and development and Veil operations budget, funding operations activities such as core network and wallet development, project management, online user support, bounties, marketing and partnerships. You can check the official Veil Project website for full details and additional information about the project.

The Proof-of- Work algorithm is X16RT, based on the X16R algorithm introduced by Ravencoin, but with modifications so it requires a new specific miner and such are already available for both AMD and Nvidia GPUs. Miners with Nvidia-based mining rigs can download and use the latest supminer 2.0 that supports X16RT algorithm and AMD miners can go for the latest WildRig Multi 0.15.0.8 mtp x16rt that has also added support for the X16RT algorithm with more miners probably going to follow soon enough with support for the new X16RT algorithm. If you are looking for a mining pool, you can currently go to the https://veil.suprnova.cc/ as the first pool to support VEIL with others probably following soon as well. The wallet currently does seem to have issues for some users, so do not be in a hurry to transfer your coins from the pool to a local wallet.

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…


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