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Bismuth (BIS) is apparently the first Python blockchain based around modularity and efficiency with ready-made decentralized applications. It is a project that has been available since 2017, but is not yet very popular with a sum 1 million USD market capitalization and a very low trading volume at the moment, so it might be worth digging a bit more about it. BIS uses a custom Proof-of-Work algorithm plus HyperNodes (PoS implementation), so it ban bi mined using GPUs and you can also stake coins that you have mined as well. The mining reward is dropping however and is scheduled to drop to 0 at block 7,100,000 (there is still time before that happens) and then it will become PoS only.
There are a few exchanges trading BIS, though thy are mostly smaller ones and a number of mining pools available. Do note that there is a GPU miner available for both AMD and Nvidia, with performance apparently scalling well from lower-end to higher-end GPUs. Every pool however uses its own dedicated miner, so you need to firs select a pool and then download the miner they have available. You can check out BIS Pool, EggPool and Noncepool if you are interested in mining. Nvidia miners will probably be more interested, especially with higher-end GPUs like the GTX 1080 Ti than AMD owners of RX 480/580. Bismuth (BIS) coins can be traded on the Graviex and qTrade crypto exchanges.
– If you are interested in checking out the Bismuth (BIS) Python-based crypto project…
The BEAM Project is having a hard fork in about two days and you need to make sure that you are ready for it if you are mining it or are using a local wallet for BEAM. The BEAM Hard Fork is scheduled for block #321321 which should be reached sometime in August 15th and you need to mak sure your wallet is up to date as well as your miner. Make sure you get the latest BEAM wallet if you use a local wallet, if you rely on exchanges make sure they have updated their wallets after the fork before doing any transactions. Some good exchanges to trade BEAM coins include Binance and Gateio.
The BEAM Hard Fork will also come with changes in the algorithm used for mining, the PoW algorithm will change from Beam Hash I (Equihash 150,5) to Beam Hash II (EquihashR variation). And while the new algorithm is still a modification of the Equihash you would still have to use a new miner or an updated one with support for the new algorithm (EquihashR parameters n = 150, k = 5 and r = 3). The initial information suggests that the new BeamHash II algorithms should be faster in terms of hashrate and with lower power consumption on the same hardware compared to the still currently used BeamHash I (Equihash 150,5) algorithm.
The software miner with support for BEAM mining have already started updating with support for the new algorithm, though not all of them already have Beam Hash II available. Our preferred Nvidia BEAM miner – GMiner 1.55 already has support for both AMD and Nvidia miners for the upcoming hardfork and the new BeamHash II algo… there is even an auto-switch function built-in, so that it will switch to the new algorithm after the fork is detected. The latest lolMiner 0.8.6 for AMD GPUs has added support for the BEAM hard fork and there is also an auto switch option available to help you seamlessly move to the new Beam Hash II algorithm. Other popular miners with BEAM support should most likely follow soon with updates adding the new algorithm as well…
- In: Crypto Coins|Mining Software
- Tags: Beam, BEAM Hard Fork, BEAM hardfork, Beam Hash I, Beam Hash II, Beam Hash II miner, BeamHash I, BeamHash II, BeamHash II AMD, BeamHash II AMD miner, BeamHash II miner, BeamHash II Nvidia, BeamHash II Nvidia mine, Equihash 150-5, EquihashR, GMiner, Gminer 1.55, lolMiner, lolMiner 0.8.6
After the recent addition of BEAM (Equihash 150,5) support on the service for selling and buying mining hashrate – NiceHash has become more active and has just added two (three) more new algorithms – CuckARoo29 and CuckAToo31 used by GRIN and Lyra2REv3 used by VTC. NiceHash support for GRIN on the software side is still somewhat lacking, with the latest GMiner 1.28 pretty much currently the only available miner for Grin (CuckARoo29) available for Nvidia GPUs under Windows, no AMD Grin miners with proper NiceHash support for now it seems. Lyra2REv3 on the other hand is more widely supported and available already on multiple software miners for both AMD and Nvidia as it was an anticipated fork for VTC, so developers had the time to get ready. An example for a compatible AMD miner is the latest WildRig Multi and for Nvidia you can try the latest official ccminer by tpruvot or the latest CryptoDredge which is faster in terms of performance compared to ccminer. Due to the interest and demand for Grin mining hashrate currently profitability wise it might be interesting for Nvidia miners to try selling their hashrate on NiceHash and get paid in BTC for it while waiting for the Grin ecosystem to get more developed and functional that it is at the moment.