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Ethereum’s Istanbul Hard Fork to Start on December 4th

8, Nov 2019

The first phase of Ethereum’s next major hard fork is planned to happen on less than a month around December 4th at block number 9056000. The hard fork called Istanbul is divided in two parts with the first one to be executed on December 4th and the second one planned for early 2020. The next hard fork called Serenity that will bring Ethereum 2.0 and switch the project from PoW to PoS may or may not happen before the end of 2020, so there is still time for that. Is is worth mentioning that on December 4th Ethereum (ETH) will not be switching its mining algorithm from Ethash to the much anticipated and still somewhat controversial ProgPoW as this is still planned to happen in the second Istanbul phase with the EIP-1057 scheduled for the first quarter of 2020.

If you are still mining Ethereum with ASIC miners or GPUs and the Ethash algorithm you will have more than just a month left, it could easily take up to another 6 months for ProgPoW to replace Ethash as the PoW algorithm, though it can also happen faster than that. Nevertheless this can signal the upcoming death of ETH ASIC miners as although there are a number of other projects using the Ethash algorithm, they will most likely not be able to handle the massive hashrate outflow from Ethereum if/when it forks to ProgPoW. On the other hand ProgPoW can also bring a change in the way GPUs are being used for mining as it is supposed to provide a more level playing field for the different GPUs in terms of mining performance. So definitely Ethereum’s upcoming hard forks will have a serious impact on the crypto mining sector.

Veil to Fork and Change Their Mining Reward Distribution

8, Nov 2019

The VEIL project, a privacy-oriented cryptocurrency, has announced their plans for an upcoming fork to change the way PoW mining works in an upcoming fork. The project launched earlier this year has started with X16RT as a PoW algorithm for mining making 50% of the total block reward and the other 50% is for users staking coins in their wallet. The 50% reward for miners will continue, however it will be split in three different parts in the future with 3 different algorithms in play. Veil miners will have the option to chose to mine using ProgPoW (Programmatic Proof-of-Work) for GPUs that will account for 35% of those 50%, RandomX for CPU mining will represent 10% and the remaining 5% for miners will go to SHA-256D ASIC miners. It is interesting change as prior to announcing these plans the project was anti-ASIC, but now it seems that it is planning to attract all kinds of miners – GPU, CPU and ASICs. Also an interesting fact is that they have chosen to go for multiple algorithms including the much talked about ProgPow to be soon used by Ethereum and RandomX to be soon used by Monero. The fork date is not yet announced and it may take a while before these plans get applied to the mainnet of Veil, so for now the project remains on X16RT as far as mining is concerned.

– For more details about the future plans of the VEIL project regarding PoW changes…

CPU Mining on the Kadena (KDA) Public Blockchain

5, Nov 2019

Kadena (KDA) is a few years old startup company with serious financial backing that has just recently launched their public blockchain and it promises some interesting things including support for tens of thousand transactions per second with multiple blockchains. Kadena is supposedly offering a blockchain that is faster, more secure, and more scalable than other crypto projects and on top of that it is being done with Proof of Work, so mining is possible for anyone that might be interested. Kadena also supports smart contracts and comes with its Pact smart contract language described as the first truly human readable smart contract programming language that should be easy to be used by more users and not just advanced programmers.

For the moment Kadena can be mined only using CPU, no GPUs, FPGAs or ASIC miners, so good news for anyone with some CPU resources that can be utilized for mining. The not so good news is that for the moment the chainweb-node and miner used by Kadena is still only available for Linux and Mac OS users only, so no Windows binaries are available. This means that you cannot yet run a full node or mine if your mining rigs are running Windows OS or even if you are running on most of the specific Linux-based OSes for mining, unless you add the required support yourself. Here you can read more on mining for the Kadena Public Blockchain if you are interested. Mining is either done by running a local full node or with a remote node supporting mining and just the miner software that is packaged inside the chainweb-node.

– If you are interested on getting more details about the Kadena (KDA) crypto project…


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