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…

The Rigel Nvidia GPU Miner Has Introduced Support for NEXA Mining

24 Jan
2023

The Rigel Nvidia GPU is a newcomer on the mining software front and apparently is less than two months old since its initial release, supports just a few crypto algorithms, but looks nice with it the terminal user interface it provides. We haven’t used it up until now, but it has attracted our attention with the addition of support for the nexapow algorithm used by the NEXA project that is lately ginning quite a lot of attention among miners and crypto traders. The Nexapow mining supports comes with a 2% developer fee, but it is apparently well worth it as the miner manages to bring up the hashrate on average about 10% in our quick tests compared to the performance that the previous best performer BzMiner manages to get you at the moment. Both BzMiner and the Rigel miner do only support Nvidia GPUs for mining NEXA, if you want to mine it on AMD GPUs you need to stick the third option which is WildRig Multi that supports AMD and Nvidia GPUs for mining NEXA.

At the moment the Rigel GPU miner is available for both Windows and Linux operating systems, supports only Nvidia video cards and supports mining of etchash (ETC), ethash (ETHW), kheavyhash (Kaspa), nexapow (Nexa) and zil (Zilliqa). The miner does support dual and triple mining with a GPU and memory intensive coins from the supported algorithms and/or ZIL, but it seems that currently nexapow + zil dual mining is not working properly, so you might want to hold it and mine only NEXA until an update is released (ZIL mining is apparently broken in the 1.3.0 release, use older version if not mining NEXA). The miner also has support for command line overclocking and optimizing the performance of the GPU, and these also do seem to work quite well. If the Rigel miner is new to you just like for us, then you might want to play around with it not only for NEXA mining. Kaspa (KAS) miners might also want to take a look at the miner, especially Windows users as they can get slightly better performance with a very slightly lower developer fee compared to lolMiner and still get the same command line overclocking options to maximize performance and lower the power usage.

– To download the latest Rigel 1.3.0 Nvidia GPU miner with NEXA mining support…

Mine CLORE Coins Used by the CLORE.AI Distributed Computing Platform

22 Jan
2023

The CLORE AI platform is trying to build a distributed supercomputer where regular users can offer their computational power and get paid in BTC for the use of their hardware as well as being rewarded with CLORE coins. The project runs a marketplace that can offer computational power from distributed network of providers all around the world at unbeatable prices and you can join in with your hardware as well as long as you have an Nvidia GPU-equipped computer. There is also the CLORE Blockchain where CLORE coins can be mined using the KAWPOW algorithm (the same one used by RavenCoin – RVN) that are a part of the project’s ecosystem.

The CLORE Blockchain has total supply of 1,300,000,000 coins with the block reward decreasing a little bit with every new block (starting at 542 coins per block and currently around 527 at block 64000), the block time is 1 minute. Do note however that the block reward is being split at 50% for the GPU miners, 40% as rewards for the hosting providers and 10% as developer fee to be used for the growth of the platform. CLORE AI already has a fully functional GPU compute marketplace, that can be used for any workload that runs on Linux, basically any AI workload, rendering, transcoding, password recovery etc.

There are already more than 10 mining pools supporting CLORE mining with the largest in terms of hashrate being rplant.xyz, newpool.pw and fastpool.xyz. CLORE is already available for trading on Exbitron and TxBit along with some smaller ones as well. You can mine with any of the GPU miners that have support for the KAWPOW algorithm such as GMiner, T-Rex, WildRig Multi, NBMiner etc. depending on your mining hardware you can choose what performs best in terms of hashrate. KAWPOW is both a GPU and memory intensive algorithm, so a higher power usage is to be expected from the GPUs for best performance unlike some other GPU only or memory only intensive algorithms where you may optimize power usage.

– For more details about the CLORE Blockchain as a part of the CLORE.AI platform…

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