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Dynex (DNX) is said to be a next-generation platform for neuromorphic computing (computational model patterned on the human brain) based on a ground-breaking flexible blockchain protocol. It consists of participating PoUW miners that constitute a decentralised neuromorphic supercomputing network which is capable of performing computations at unprecedented speed and efficiency – even exceeding quantum computing. Dynex’s proprietary Proof-of-Useful-Work (PoUW) algorithm called DynexSolve enables each miner to perform Dynex Chip computations and in turn get rewarded with DNX coins and anyone that might be interested in taping that computational power to perform neuromorphic computing calculations would need to pay in DNX. A Dynex Chip is described as a neuromorphic chip design, based on ideal memristors. Such a chip cannot be built with current hardware (ideal memristor!) so it is being simulated with ODE integration. It turns out that the simulated circuit shows all desired features (long-range order, instantonic behavior, etc.), and is quite fast when simulated on enough GPUs. There’s a reference implementation on GitHub so everyone can try it.
Dynex is certainly interesting and different than most other crypto projects out there with the goal being not only using computational (mining) power for securing the blockchain network it uses, but trying to actually use that computational power provided by miners for creating a large and decentralized neuromorphic computing platform. The project is still in the works and there are some quirks and issues that get resolved in a timely manner, it is still quite new and more work is probably needed for its goal to be fully realized. Now is also the perfect time to join in early if you are interested.
Since Dynex uses its own custom DynexSolve algorithm you need to use a specially designed mining software that runs on your GPUs called DynexSolve with the current latest version being 2.2.1 (the one you need to use) that supports Nvidia CUDA as well as CPU mining, unfortunately AMD GPUs are not yet supported. The mining software simulates the so-called neuromorphic computing Dynex Chips and it seems to be more of a memory intensive than GPU intensive algorithm. Mining can be done on both Windows and Linux operating systems and it is a wise idea to keep an eye out at the projects Discord server for up-to-date development and any possible issues and fixes being applied. DNX can be mined on a number of mining pools such as mineradnow.space, newpool.pw or neuropool.net among others. If you are interested in trading Dynex coins, then you may want to look on TxBit the only crypto exchange that currently has DNX trading pairs listed.
– For more information about the Dynex (DNX) neuromorphic computing crypto project…
Novo (NOVO) is another Layer 1 crypto project that is relatively new and that just started generating more user attention after being listed on a crypto exchange for trading. NOVO is another crypto coin that you can mine with your GPUs and that has a pretty large total supply of 840 Billion coins with 2 Million reward per block and a 150 seconds block time, so kind of similar to the NEXA project that we covered recently in that term. NOVO uses a custom mining algorithm – Tagged SHA256 Mining or Sha256DT, one that is still not widely supported by most of the popular miners out there, so getting started mining might be a bit harder for some users at the moment. Although we expect miner software to add support for the algorithm if things pick up further now after the coin is listed on Exbitron for trading… a smaller exchange that is getting more notable due to listing early interesting PoW crypto projects.
Novo started with CPU mining initially, though now you can GPU mine it with both AMD and Nvidia GPUs. AMD GPU miners might want to go for the latest SRBMiner-MULTI CPU & AMD GPU Miner 1.1.3 for sha256dt mining NOVO, although there are other not so good alternatives also available. Nvidia GPU miners should probably head for the Radiator v1.0.0 available for Linux as well as Windows here. Here is an example command line to start mining NOVO on the SuperNovo mining pool:
ccminer.exe -a novo -o stratum+tcp://supernovo.pro:3024 -u YOUR_WALLET_ID -p x
Don’t forget to replace YOUR_WALLET_ID with your wallet address for NOVO. Profitability wise NOVO is currently doing quite good with just a couple of hours to have the mined coins available, so if you are in just for the good profit and not a fan of crypto coins in the Billions supply range you can just mine it and sell, then just like buy Kaspa instead for instance. Currently better to do it that way with the price of NOVO than to directly mine KAS, or you can just mine and hold NOVO long term… it is up to you. The Sha256DT algorithm used by NOVO is a GPU intensive one, so the performance optimizations discussed here lately for other crypto coins such as KAS or RXD should work well here – lowest memory frequency supported, higher GPU clock with GPU clock offset to lower the operating voltage and thus reduce power consumption while retaining high hashrate.
– Visit the official website of the NOVO crypto project for more info…
Lately we are seeing lots of new mineable Layer 1 crypto projects that are interesting and promising, as well as some that are not as usual, but after Ethereum’s switch to PoS crypto miners with GPUs are eagerly looking for interesting new and profitable projects to point their hashrate at. NEXA is yet another one of those promising new crypto projects that can be mined with GPUs that we want to point your attention to, it has been launched a couple of months ago, but until recently was largely running under the radar. NEXA could initially be mined only with CPU, but GPU mining was just recently launched and that is what spiked the growing interest in the project significantly. NEXA uses a custom mining algorithm that is also GPU-intensive, meaning that more powerful video cards will have higher hashrate and memory can be downlocked for lower power consumption. It is interesting to note that the project has a very high total coin emission of 21 Trillion, yes, that is a LOT of zeroes with a block time of 2 minutes and 10 Million NEXA coins block reward… apart from that concern definetly worth checking it out and mining some coins.
Up until yesterday NEXA had to be mined on the official Pool137 with the official nxminer (available only for Linux), but now there is also the WildRig Multi 0.35.0 beta miner with support for the nexapow algorithm available (with a 5% dev fee though) for both Windows and Linux GPU miners (Nvidia GPUs for now only, AMD support coming soon). You can also mine NEXA on the Rplant pool, however have in mind that the pool currently has a requirement set for 5000 block confirmations for mined blocks and that means you can wait up to a week to have your mined coins available. Trading of NEXA coins is also already possible on an exchange with currently only Exbitron supporting the coin and with multiple trading pairs for NEXA available – NEXA/EXTO, NEXA/BCH and NEXA/USDT. At the moment the mining profitability is insane with the current price of NEXA, however the catch is that the coins you mine now will be released from the pool for trading in about 5 days!
Update: New WildRig Multi 0.35.1 beta 2 miner is now available with AMD GPU mining support and up to 20% improved hashrate for Nvidia GPUs, so if you are mining NEXA or plan to do so you should get the updated miner.
Update 2: WildRig Multi 0.35.3 beta miner is out now with improved NEXAPOW up to 40% depending on GPU!
– Visit the official NEXA website for more details about the project…