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Ravencoin (RVN) a Few Days After the Fork to the X16Rv2 Algorithm

5, Oct 2019

A few days have already passed since the fork of Ravencoin (RVN) on October 1st that included a change in the PoW algorithm used for mining – from X16R to X16Rv2. As you can see from the network hashrate graph above from Ravencoin Statistics it is still lower than prior he spike from end of Agust/beginning of September. This means that the fork has effectively affected the usage of what seems to be ASIC miners that went operational at the end of August that resulted in more than doubling the hahsrate in just a few days of time. Another sign that there are no more ASIC miners mining and dumping coins is the fairly stable price of RVN after the fork with no selling pressure on exchanges from such miners trying to get rid go the mined coins. As a result RVN is among the most profitable coins to mine for Nvidia GPUs at the moment after the fork, even if the profit is nothing to brag about, pretty much all the rest of the altcoins are doing worse…

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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