Archive for the ‘General Info’ Category

The NEXA Crypto Project is Attracting the Attention of more Crypto Miners

25, Jan 2023

Just two weeks ago we have shared an interesting statistics based on the users of the widely used Hive OS Linux Mining OS that has shown the rapid increase of miners going to Kaspa (KAS) and now we are seeing the newcomer NEXA as well. So, in the last two weeks ETC miners have dropped 2% down to 24%, KAS is remaining strong at 12% and keeps its second place, even though there is a 2% drop these as well. RavenCoin (RVN) is still number three keepings its 9%, and the newcomer NEXA is fourth (wasn’t in the top 10 two weeks ago) with 6% pushing down ERG to the fifth place and the rest of the chart of the top coins remains pretty much the same. What this means is that NEXA has attracted some ETC and some KAS miners as well as some miners of other coins in order to secure its 6% which is half of what KAS has and 1/4 of what ETC still has as a share.

It is no wonder that NEXA is gaining the attention of more miners thanks to being a relatively new project and its higher profitability compared to other crypto projects that can be mined. It will be interesting to see how things will progress in the next few weeks and how it will fare compared to other minable coins that have a higher percentage of miners. It is especially interesting to note that there isn’t a change in the percentage of the RVN considering that just recently video cards with 4GB of video memory are no longer capable of mining the coins due to the DAG size reaching close to 4GB. The recent development of more mining software to support Dual-mining and Triple-mining of not only Ethash/ETChash coins together with Zilliqa (ZIL) such as KAS + ZIL or NEXA + ZIL might also help in drawing more users away from ETC GPU mining thanks to further increasing the profitability of mining KAS or NEXA over their standalone mining only.

It will be interesting to see how things will change in about two more weeks when we are expecting to see FLUX have its halving at block number 1313200 (around February 8th) when the block reward will get reduced from 75 to 37.5 coins. Currently FLUX is sitting at number 9 with stable 3% in the last two weeks, though after the halving we might see a drop in that number if there is an outflow of miners due to the drop in profitability of mining FLUX. And with the market like it is at the moment a lot of miners are hopping around to what is the most profitable at the moment and not necessarily what project may be the most viable in the long term.

– Take a look at the full Hive OS network statistics for more insights…

Kaspa (KAS) Mining is Slowly Catching Up to ETC Mining Popularity

10, Jan 2023

According to the mining statistics provided by Hive OS network based on the users of their platform Kaspa (KAS) is the second most popular coin mined with already more than 50% of the Ethereum Classic (ETC) miners and the third spot is for RavenCoin (RVN) with around 30% of the miners of ETC. The comparison here is a bit unfair as there are ASIC miners available, though most Ethash/ETChash ASICs are not supported by HiveOS, so the stats is based mostly on GPU miners. Although ETC is still with very strong position for GPU miners partly thanks to the dual mining with Zilliqa (ZIL), its position for the top mineable GPU crypto coin is slowly been overtaken by other coins such the newcomer KAS or the more established RVN. Kaspa (KAS) can also be dual-mined with ZIL already for some additional extra profit and it will probably not be long until we see other coins such as RVN also getting dual-mining with ZIL as well.

The mining statistics also reveals some other interesting things such as Radeon RX 570 and RX 580 being the most popular AMD mining GPUs and GeForce RTX 3070 and GTX 1660 Super being the most popular Nvidia GPUs. As far as ASIC miners are considered, we see the top taken by the Antminer L3+ Scrypt miner as it is more profitable than the still very popular Antminer S9 SHA256 ASIC miner for Bitcoin. Though you should note that both top positions are with the Hiveon firmware installed that brings a lot of extra options for tweaking the miners for much better efficiency compared to the stock settings. Not to mention that the L3+ and the S9 are lately getting used a lot in DIY projects for home heaters that also mine crypto to pay for some of the electricity bills.

As far as the most popular mining software used on the platform, it seems that the leader is currently lolMiner, probably because it is the best performing and feature rich KAS miner out there at the moment, followed by Teamredminer and Nbminer on third place. Most Kaspa (KAS) miners are currently sticking to lolMiner, though GMiner is getting there performance wise and lately kind of leading feature wise with the addition of dual-mining KAS with ZIL. ETC miners still use a variety of miners that are based more on personal preference as there are a lot of options for mining ETC with very similar performance and the same goes for RVN as well.

– Take a look at the full Hive OS network statistics for more insights…

Radiant (RXD) is Currently the Most Profitable Coin to Mine on GPUs

7, Dec 2022

According to the GPU profitability ranking on the What to Mine website the Radiant (RXD) crypto is currently the most profitable coin to mine on most GPUs thanks to the recent spike in popularity and price. It is the top coin in profitability for almost all Nvidia GPUs and some AMD ones with Kaspa (KAS) also finding its spot in number two and three in terms of profitability on some and Alephium (ALPH) as well as some other coins jumping in from GPU to GPU. Do note however that depending on your custom settings you might be able to achieve even better profitability thanks to increased performance or decreased power usage or both. We have some guides you can check out for optimizing performance and power usage for both RXD and KAS that might be of help here, regardless if you are mining and holding or selling the mined coins immediately.

– Optimizing Kaspa (KAS) mining for best performance with lolMiner 1.64…
– Optimizing Radiant (RXD) mining for best performance with Bzminer v12.1.1…

Both KAS and RXD are using different GPU-intensive mining algorithms for their Proof of Work (kHeavyHash and SHA512256d), so they key optimizations you can do for achieving lower power usage with maximum performance include lowering the memory to the minimum frequency supported, increasing the GPU clock together with a core clock offset to lower the voltage and the result is quite big improvement in terms of power efficiency while maintaining very high performance. Give it a try if you still haven’t and are already mining Kaspa or Radiant or are planning to do so switching form Ethash/ETChash mining for instance.

– Visit the up to date GPU profitability ranking on What to Mine….


top