Archive for the ‘Crypto Coins’ Category

Revisiting the Coin Magi (XMG) CPU-only Altcoin

28, Jan 2016

m-minerd-xmg-miner

We haven’t paid a lot of attention lately to alternative crypto coins that are mined only with CPU with no GPU, FPGA or ASIC miners, so we’ve decided to check what is going on with Coin Magi (XMG) as we haven’t been following it actively the last few months. Coin Magi is a PoW and PoS coin that is currently being traded for a little over 2000 satoshi per coin, it is being traded on multiple altcoin exchanges including some of the largest ones, though the trade volume at the moment is pretty low and there are multiple pools where you can mine the coin if you do have some spare CPU power available and you are wondering what to mine.

Coin Magi (XMG) uses the M7M algorithm and besides CPU mining and staking coins you can also rent mining rigs at the Mining Rig Rentals service. Last year we have tested the most up to date miner available for XMG – the Wolf0 m7m v2 cpuminer on an Intel Core i7 5820k CPU and now we have retested again in order to compare it with a more recent release in the form of a dedicated m-minerd for XMG (source) that is based on Wolf0’s code. The 32-bit version is significantly slower, so we do recommend to go for the 64-bit miner for best performance, but interestingly enough we are getting slightly less performance for, the new miner. The advantage that the new m-minerd miner for the M7M algorithm has an option for that allows you to set the percentage of CPU usage you want the miner to take.

Intel Core i7 5820k (6C 12T) CPU:
– Wolf0 minerd 64-bit – 122 KHS
– m-minerd 32-bit – 64 KHS
– m-minerd 64-bit – 119 KHS

– To download and try the Coin Magi (XMG) m-minerd CPU miner compiled for different OSes…

Vanillacoin (VNL) Forking from WhirlpoolX to Blake256 Algorithm

27, Jan 2016

vanillacoin-logo

Vanillacoin (VNL) has forked to Blake256 as the default Proof-of-Work algorithm from the previously used WhirlpoolX algo, so you need to upgrade your wallet to the new version 0.4.3 and update your mining software as well to support the new Blake algorithm. Do note that the Blake256 algorithm used by Vanillacoin is not exactly the same as the one used by BlakeCoin as VNL uses double sha256 instead of single sha256. Tpruvot has already added support for the new Vanillacoin algorithm in his ccMiner fork (source), so you can use that for mining on Nvidia GPUs and soon we’ll probably see it in other forks as well. Support for the new Blake256 algorithm used by Vanillacoin is also available in a forked cpuminer-multi CPU miner (source) if you want to try CPU mining VNL. Below you can download updated Windows binaries for CPU mining (cpuminer-multi x64), Nvidia GPU mining (ccMiner) and AMD GPU mining (cgminer) if you want to try mining Vanillacoin with the new Blake256 algorithm.

– To download the CPU, AMD and Nvidia GPU miners for Vanillacoin Blake256 for Windows…

Storj DriveShare Test Group B 2 PB Milestone Reached

26, Jan 2016

storjio-2-pb-milestone

Storj has announced that they have achieved another milestone in their testing phase, passing 2 TB of total storage shared by over 750 users currently participating in the Test Group B running the DriveShare application and sharing free space on their hard drives. Storj still has about 400000 SJCX to distribute as rewards for Test Group B users (users are required to have at least 10000 SJCX in their wallet in order to receive rewards from the beta testing). The Test Group B will continue to run until the promised rewards are distributed and then Test Group C will be launched which will be focused on testing actual file transfers on the P2P network including latency, bandwidth, throughput and more. For the moment the software only generates dummy data on the user’s hard drive for the shared amount of storage and does not download or upload it, so the next testing step will be focused on that part of the functionality of the service.

Recently we have posted a short guide on how you can participate in the Test Group B using the latest version of the DriveShare GUI software along with our experience going through the process of creating a StorjCoin X wallet and getting more than 10000 SJCX in it in order to be eligible for the rewards in Test Group B, so we are going to keep you updated on the testing progress and future development. You can test the DriveShare GUI software even if you do not have the 10000 SJCX coins in your wallet, but then you will not be eligible for getting rewards for your efforts. With that said if you are in for the rewards you should not expect to get too much SJCX coins as a reward for your help at the end of each month for participating in the testing phase, the rewards are there more as a token of gratitude for helping in the development of the service.


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