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Karlsen Network (KLS) is an ASIC-resistant Fork of KASPA (KAS)

30, Nov 2023

Karlsen Network and the Karlsen Coin (KLS) is a new project that is forked from Kaspa (KAS) with a a modified Proof of Work algorithm called KarlsenHash that prevents KAS ASICs to mine the coin. The project is still new and early and not much information is available, so you should treat with caution as always and if installing a local wallet and node you should do it in a sandbox environment just to be on the safe side. The project has caught a lot of attention from crypto miners and a lot of GPU mining power is being sent over to mine KLS coins (50 coins per block with 1 second block time). There are still no exchanges available with support for KLS, but you can mine with a local node and wallet and there are already pools supporting Karlsen Network mining popping up like Herominers. The latest version of SRBMiner-Multi has added support for mining KLS coins with the new algorithm (1% dev fee) and you can use the same settings you used for KAS mining on your GPUs. Below you can find a quick guide that we’ve prepared on how to setup a local Karlsen Network node and create a local wallet that you can mine KLS coins to if you are interested in getting started with mining.

Quick Getting Started Guide:
1. Download the latest Karlsen Network node and wallet from GitHub.
2. Unzip the downloaded archive that contains 5 different executable files.
3. Run "karlsenwallet create" to generate a local wallet, you will be prompted to create a password for encryption (remember it!)
4. You will get a keys.json file created with the encrypted private key (back it up!) and you will be shown a public key (this is not a wallet you can mine at, you will need to create wallet!)
5. Run "karlsenwallet dump-unencrypted-data" to get your 24-word mnemonic phrase for recovery (write that down and store securely).
6. Run "karlsend --utxoindex" to start a local node on your computer.
7. Run "karlsenwallet start-daemon" to get the wallet ready.
8. Run "karlsenwallet new-address" in order to generate a wallet address that you can point your miners at the mining pool.
9. Run "karlsenwallet balance -v" to check the balance of your wallet(s) when pools send you payments, you need to wait for the blockchain to sync for the balance to appear.
10. Run "karlsenwallet send -v amount_of_Karlsen_to_send -t wallet_public_address" to send coins from your local wallet to a different wallet, make sure you set the amount and the wallet to send to.

Example SRBMiner-Multi Karlsen mining command line:

SRBMiner-MULTI.exe --algorithm karlsenhash --pool stratum+tcps://de.karlsen.herominers.com:1195 --wallet karlsen:YOUR_WALLET_ID --password WORKER_ID --gpu-cclock0 1710 --gpu-mclock0 810 --gpu-coffset0 250

Make sure you update the wallet and worker ids in the example command line above as well as change the GPU clock, Memory clock and offset according to what your GPUs can handle. Again, using the same settings you have used for mining KAS on your GPUs (if you did) is a good starting point. The example shows a good average for use on Nvidia GeForce RTX 3070 GPU.

– Visit the official Karlsen Network (KLS) project website for more info…

Dynex (DNX) Seems to be the Most GPU Mined Coin at the Moment

7, Oct 2023

Dynex (DNX) has gone a long way since we initially covered it as a new project to check out back in 2022 and now looking at the recent Hive OS Linux Mining OS statistics about what coins and algorithms are the most mined among the users of that mining operating system it is on the top with 22%. This is a very similar result to what KASPA (KAS) has achieved prior the ASIC miners started becoming available and making the GPU mining pointless anymore. During that time DNX was in the 1-2% of that statistics and now it is on top and is one of the very few GPU minable coins that is currently on profit to mine after you pay for electricity. And the project itself has come a long way and now feels much more serious and works much more stable and issue free for anyone and development is just starting to fire up.

So, is Dynex (DNX) going to follow in the footsteps of KASPA and become the preferred coin to be mined by most GPU miners… in fact it is already there and we are seeing strong indications that it might be there for a while, making it the next strong project to support GPU mining. And the project itself is doing quite well providing actual computing power for things that might actually be useful and help everyone in the future, though that is still yet to be seen, but there is a big potential there just waiting to be fully tapped into. We’ve been waiting for something like that since the early days of crypto, a project that can actually utilize the vast GPU network’s power for useful computations besides just supporting the network’s backbone.

Anyway, if you still haven’t deep diven into the Dynex (DNX) project and you are into GPU mining or crypto, then you might want to do so now. And miners should take a look at how to efficiently dual-mine Dynex (DNX) and Zilliqa (ZIL) with SRBMiner-Multi 2.3.7 for maximum profit.

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

Get Ready for Mining IronFish (IRON) In Time for the Mainnet Launch

19, Apr 2023

IronFish (IRON) is a new privacy-oriented Layer-1 Proof-of-Work crypto project that is launching its mainnet tomorrow on April 20th 2023 and that is when the actual mining of the IRON coins will start. IronFish has been in development for a while now and has been running an incentivized testnet for quite some time in order to make sure that at launch everything will be operating properly and everyone will be ready to start mining and using IRON. Every single IronFish transaction is encrypted, hiding sensitive user information on who the sender, recipient, or the amount of transaction was with an accompanying zero-knowledge proof (zk-SNARKs).

The IronFish genesis block will include 42M tokens that will be distributed to insiders, foundation, and community members and to incentivise testnet participants. So, do have in mind that there will be high initial number of coins generated even before mining actually starts, though these will be a 1-year lock-up period for most of these coins, meaning that no tokens can be traded or transferred by an insider for 12 months after the mainnet event. The mining will start with 20 IRON coins per block and a 60 second block time with the block reward going down a little by little every year (not halving every year!).

Now, let us get onto mining IronFish (IRON) coins. Due to the incentivized testnet there are already some pools and mining software available that support the Blake3-based IronFish mining algorithm and you can head on and give it a go mining with your existing GPU hardware. Currently you will be mining testnet coins, but the pools and miners should continue to mine with the launch of the mainnet when that happens tomorrow. This simply means that you can be ready ahead of time and start mining right at the launch, though for that you would need to get the CLI (needs to be compiled) or GUI wallet (node is not syncing) and install it and generate a wallet address that you can use to mine (the address should continue to work on the mainnet, though no coins mined from the testnet will be available there). Pools where you can mine IronFish (currently on the testnet) include HeroMiners, Flexpool and Kryptex and others will probably soon follow with support as the mainnet launches tomorrow.

There are currently three miners available for GPU miners to choose from for mining IRON coins – BzMiner v14.2.0 (AMD/Nvidia), Rigel 1.4.1 (Nvidia Only) and SRBMiner-MULTI v2.2.4 (AMD/Nvidia). Our advice will be to opt out for the SRBMiner-Muilti for the moment as it seems to be faster than the other two options, about 3 times faster on Nvidia RTX 3070 in our comparison tests with similar power usage. Another good thing about the IronFish mining algorithm is that it is a GPU-intensive one, being Blake-based, so memory can run at the minimum operating frequency and you can use a GPU offset to further lower the operating voltage and reduce power usage. In fact, if you have mined KASPA (KAS), Radiant (RXD) or any other of the more recent GPU-intensive crypto coins you should have a good idea on what settings to use for the GPU clock, offset and memory clock in order to optimize performance and reduce power usage (the same clocks should be a very good starting point).

Here is an example command line to run SRBMiner-Multi on Nvidia RTX 3070 for mining IronFish:

SRBMiner-MULTI --disable-cpu --algorithm blake3_ironfish --pool de.ironfish.herominers.com:1145 --wallet WALLET-ID.WORKER-ID --gpu-cclock0 1750 --gpu-mclock0 810 --gpu-coffset0 250

Make sure you set the WALLET-ID and WORKER-ID in order for the miner to properly function and mine to your IronFish wallet!
A good idea to work on is adding Zilliqa (ZIL) dual-mining to go along with IronFish mining as it will increase profit without affecting much the IRON mining, another thing to consider is triple-mining by also adding a memory-intensive algorithm as well in the mix.

Update: Rigel 1.4.2 and BzMiner v14.2.2 updates made them perform faster than SRBMiner-Multi 2.2.4, the Rigel 1.4.3 currently seems to be the fastest option for Nvidia. F2Pool has added support for IronFish mining as well as does not require you to have a wallet address to mine (just when you want a payout). The official GUI wallet has been taken down for now as it is apparently having issues.

– For more information about the project visit the official website of IronFish…


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