Archive for the ‘Crypto Coins’ Category

A few days ago the Bitcoin Interest (BCI) fork of Bitcoin has successfully switched to the ProgPoW algorithm, becoming the first crypto coin to actually utilize this new algorithm. ProgPoW is a proof-of-work algorithm designed to close the efficiency gap available to specialized ASICs. It utilizes almost all parts of commodity hardware (GPUs), and comes pre-tuned for the most common GPU hardware utilized in the Ethereum network. The design goal of ProgPoW is to have the algorithm’s requirements match what is available on commodity GPUs, so if the algorithm were to be implemented on a custom ASIC hardware there should be little opportunity for efficiency gains compared to a commodity GPU. This all means that in theory the ProgPoW algorithm will not see ASIC mining hardware, due to no opportunity to get much faster speeds compared to what a GPU is capable of delivering. This essentially means that ProgPoW should in theory be a really ASIC-resistant proof of work algorithm…

If you are interested in more details you can check the official BCI website, and miners would most likely be interested in the mining software, pools and a Bitcoin Interest mining calculator in order to see what is the current mining profitability of your GPU rigs. Here you can also find a BCI Block Explorer to see how are things progressing with the Bitcoin Interest blockchain. You might also be interested in the Bitcoin Interest GitHub repository for the official wallets, miners and so on. BCI is currently being traded on a couple of exchanges including Bitfinex, Stocks.Exchange, HitBTC, Exrates and Trade Satoshi.

BCI ProgPoW Miners:
Nvdia ProgPoW miner for Windows
AMD ProgPoW miner for Windows
ProgPoW miners for Linux

BCI Mining Pools:

BitCash (BITC) is a new crypto project being described as a solution that combines the power of blockchain with the features of banking to create the world’s most usable cryptocurrency and one that is easy to be used by regular people. It combines the advantages of cryptocurrency (speed, privacy, decentralization, low fees) with traditional fiat banking systems (transaction records, account names, electronic statements, accounting software integration), making BitCash an interesting project to keep an eye on. Since you can also mine BITC, if you are looking for new interesting coins to mine that are new and still under the radar. then BitCash is once more interesting find. BitCash (BITC) uses the same proof of work mining algorithm as Merit (MRT) that we have recently talked about, however the Cuckoo cycle algorithm in BitCash is using an Edgebit value of 27 and not 26 like for Merit. As a result you need a specific miner for BitCash (BITC) and get lower hashrate due to the difference in parameters and the official Merit miner will not work, though there is a third-parity miner already available that supports both coins, but more for that in a minute.

Although BitCash (BITC) uses the same mining algorithm as Merit (MRT), the general idea and the implementation of the project is quite different, so it is not just a simple fork. BitCash has a maximum coin supply of 100,000,000 BITC, the block time is 1 minute and block reward is 21.5 BITC in total, however there is a 9.7% premine and an ongoing 10% from the block reward going to the developers, so the actual block reward that goes to miners is 19.35 BITC per block. There is no proof of stake or growth score, so the coin can be pretty much only mined and traded, though there is no official or third-parity exchange supporting it for the moment (the project is still just a couple of days old and ecosystem development is still going on). If you are interested in buying or selling some BITC coins you can currently do so on the official Discord channel of the project.

If you have already mined Merit (MRT), then you will be familiar with the official miner for BitCash (BITC). It is essentially the same software with a slight modifications and it works only on Nvidia GPUs as there is currently no Cuckoo cycle miner for AMD GPUs available, you need to use this miner (or another compatible one) in order to mine BitCash. The bitcash-minerd will produce a bout half the hashrate that the merit-minerd manages to get you due to the different Edgebit parameter, so do not be alarmed when you see lower hashrate, it is normal. The miner is CPU dependent, so on mining rigs with slower processors the hashrate will be lower than on rigs with faster processors and there could be some stability issues as well, so you might want to stick to the example batch (BAT) file to run the miner just like you would with the official Merit miner (for 6 GPU mining rigs):

start bitcash-minerd.exe --url stratum+tcp:// --address 15v53ZR4YbU86n6oQV2JgMfrBaRMNQ6oQZyQwsuNNgBLCqSJWAc --gpu 0 1 2 3 4 5 --cores 0
wmic process where name="bitcash-minerd.exe" CALL setpriority 16384
timeout /t 1800
taskkill /f /im bitcash-minerd.exe
goto loop

You can download the official bitcash-minerd.exe miner for Windows here, there is a version available for Linux in the form of Ubuntu 18.04 and Ubuntu 16.04. Do note that the miner requires an Nvidia GPU with at least 4GB of video memory and you need up to date video drivers installed with support for the latest CUDA versions.

Here is a list of the currently available mining pools for BitCash and it is best if you mine on one of them, as solo mining even with GPU may soon be pointless, like CPU mining already is:

Today zjazz has released an update to his zjazz cuda miner for the Cuckoo cycle algorithm adding support for BitCash (BITC) along the already available Merit (MRT) support in the software. It is a closed source miner available with binaries for both Windows and Linux that offers more options to try and tweak performance on mining rigs with both slower or faster CPUs, though this comes at a cost of 2% developer fee. Do note that the miner is still an early version and work in progress and may have some issues, though it does seem to handle better than the official miner on systems with slower processors stability wise.

If you are interested in the BitCash (BITC) project already and want to get into it…

The Merit Network is growing and things are moving at a faster pace now than they were before, so if you still haven’t checked out Merit (MRT), then you might want to do so now. The source code of the official Merit mining pool that is based on CoiniumServ has been released a couple of days ago and this has resulted in a number of new pools for MRT appearing. Below you can find a list of all of the currently available mining pools for Merit (MRT):

The first two are the official mining pools, the third one (IceMining) is currently the largest MRT mining pool in terms of hashrate and is the only one not based on the official code, the rest are new pools based on the official source and they are still pretty small in terms of hashrate and number of miners and could use some hashrate.

The unofficial zjazz CUDA miner for Merit is now available with a special release for 3GB VRAM GPUs (the minimum required in order to be able to mine MRT with your Nvidia GPU. There is also an experimental Linux build of the miner available for people that want to give it a try. You can of course also use the latest official Merit miner for both Windows and Linux mining rigs (also only for Nvidia GPUs). AMD GPU miner for Merit is still in development, though it seems that performance wise it is doing much worse than what Nvidia GPUs deliver in terms of hashrate, so you may have to wait some more before it is made available in a usable optimized form. We remind you that Merit (MRT) is an invite only network and you need to get one in order to unlock your wallet and start mining the MRT crypto currency, we have some invites available, so feel free to request one uing the link below.

Click here to get your invite and register a wallet at Merit in order to be able to try it out…