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DERO, Another CryptoNight Project to Switch to RandomX

5, Oct 2019

The DERO project is one more crypto coin that plans to move from CryptoNight to the new RandomX algorithm most likely before the end of the year. The reason that is cided is to introduce more decentralization and participation to their platform with the move to the RandomX proof-of-work algorithm. Currently DERO can be mined using CryptoNight ASIC miners and this is something the developers of the project are trying to move away from and attract new users with the mining algorithm switch. The new RandomX algorithm should go live on the DERO testnet on October 31, 2019 and soon after that if everything works as expected we could see the main network forking to the RandomX PoW as well. Currently DERO is ranked around 500th place according to CoinMarketCap data with a market capitalization a bit below 4 million USD and has a daily trading volume of about 1/4 of the total capitalization. Some good crypto exchanges to trade DERO coins include Stex, Crex, Citex and TOKOK.

RandomX is a proof-of-work (PoW) algorithm that is optimized for general-purpose CPUs. RandomX uses random code execution (hence the name) together with several memory-hard techniques to minimize the efficiency advantage of specialized hardware. More information about the RandomX algorithm from the official GitHub repository including a benchmark to test performance on CPU mining. Do note that RandomX dos manage to perform better on processors with higher number of cores and threads available and apparently is doing best so far on the latest AMD Ryzen series of CPUs. GPU miners are also available, however performance wise they are similar to what hashrate a lower-end dual core processor can provide, so they are not the best choice for the new RandomX algorithm for the moment.

Mining ZelCash (ZEL) Using The Equihash 125,4 Algorithm

1, Oct 2019

ZelCash (ZEL) is an anonymous cryptocurrency that has been forked from ZCash (ZEC), but has since been evolving into a kind of a multi-functional crypto ecosystem. Initially the project used the Equihash algorithm that ZEC used (Equihash 200,9), but has since forked to Zhash (Equihash 144,5) and most recently a couple of months ago switched to the ZelHash (Equihash 125,4) algorithm. Meanwhile ZelCash has also been apparently renamed to just Zel, though it is still been widely referred to as ZelCash on most places. Currently ZelCash (ZEL) is ranked at 457th place by CoinMarketCap with a market cap of sub 5M USD and a daily volume of more than half the total capitalization.

ZEL has getting some attention lately and we have decided to check out mining it once more with the new algorithm and give you some helpful information should you decide to try mining it as well. The Equihash 125,4 algorithm called ZelHash is not as widely supported as other Equihash variations out there, though it is available for both AMD and Nvidia GPU miners. It is not available on NiceHash for the moment, though the algorithm is available at MiningRigRentals which can be used to your advantage where you might want to sell your hashrate if more profitable to mine directly ZEL.

The largest mining pool for ZEL is 2miners, though you can check what other pools with support for the ZelHash algorithm for ZelCash are available on MiningPoolStats. For AMD GPU mining you can only use the lolMiner closed source OpenCL miner with 1% developer free built-in. Nvidia GPU miners have more options with ZelHash supported by both the GMiner CUDA closed source miner with 2% developer fee built-in or the alternative miniZ CUDA closed source miner also with 2% dev fee. Our quick tests are showing that performance wise the miniZ miner does seem to be faster in terms of hashrate, though stability wise it is not as good as GMiner, so if using the miniZ miner make sure you use a loop when running the miner software. Some good crypto exchanges to trade ZEL coins include Stex, Citex and TOKOK.

– For more details if you got interested in the ZelCash (ZEL) crypto project…

Are You Ready For The Ravencoin (RVN) Fork Tomorrow

30, Sep 2019

Tomorrow Ravencoin (RVN) will be forking at 16:00:00 UTC and the fork comes with a change from the current X16R to the new X16RV2 algorithm and you need to make sure you are ready for the switch. First off you need to make sure that you have the latest Raven Core wallet installed (if you do use a local wallet). Mining pools should be updated already or should make sure they are also ready for the switch of the algorithm before the fork occurs, so nothing to worry about that, just make sure that the mining ports and URLs will remain the same after the fork. You would of course also need to update your mining software, depending on the hardware you use, in order to be able to continue mining wit the next X16Rv2 algorithm after the fork occurs. There are already a couple of software miners that announced support for the X16Rv2, though not all of the ones with X16R support are ready for the new algorithm, below are listed the ones that already support X16Rv2 mining on AMD, Nvidia and CPUs.

Nvidia GPU miners with X16Rv2 support:
– z-enemy 2.2 Nvidia GPU miner (1% dev fee)
– T-Rex 0.14.4 Nvidia GPU miner (1% dev fee)

AMD GPU miners with X16Rv2 support:
– teamredminer v0.5.9 AMD GPU miner (2.5% dev fee)

CPU miners with X16Rv2 support:
– cpuminer-opt 3.9.8 CPU miner (free and opensource)


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