Ravencoin Classic (RVC) is a Fork Off the Ravencoin (RVN) Blockchain

25 May
2020

It seems that there is a Ravencoin Classic (RVC) fork off the Ravencoin (RVN) blockchain that has happened along the last RVN hardfork when the new KAWPOW algorithm has been adopted by Ravencoin. The thing that differentiates RVC from RVN is the fact that the Ravencoin Classic retains the original X16R mining algorithm that has been introduced with the launch of RVN. The idea to fork from X16R to X16Rv2 and then to the KOWPOW algorithm for Ravencoin is to keep RVN GPU mining friendly and to drive away secret FPGA/ASIC miners as such apparently exist for X16R and X16v2 already. Yet the Ravencoin Classic (RVC) fork that retains the original X16R algorithm and is being described by F2pool (the largest pool to support RVC mining at the moment) with things such as “RVC can be efficiently mined with GPU cards” and “RVC cannot be efficiently mined with CPU or ASIC mining machines”. Surprisingly or not the mining profitability with GPUs of RVC with X16R is currently lower for the same hardware RVN with KAWPOW. If you want to learn more about blockchain technology, check out this Youtube Channel.

Now, regardless if you support the Ravencoin Classic (RVC) or not, as with other forks if you had Ravencoin (RVN) in a local wallet, then you will be able to claim your RVC coins at 1:1 ratio to do whatever you want with them. You just need to copy the wallet data file to a new installation of the RVC wallet, make sure you use the datadir command line parameter to use a custom folder for the Ravencoin Classic blockchain data as otherwise it will try to overwrite the RVN data you have available. The RVC wallet should have replay protection already, though it is always wise to first move your RVN coins to a new address before doing anything with RVC, just to be on the safe side! Ravencoin Classic (RVC) is currently being traded only on the Longbit crypt exchange which is an Asian one (switch to English language in the upper right corer of the screen), though it accepts international registrations. It however requires you to go through an identity verification process before you can deposit and trade coins, so have in mind that you need to pass that as well.

– To visit the official Ravencoin Classic (RVC) fork website for more details…

CPU Mining With the cpuminer-opt Free and Open Source Miner

21 May
2020

It has been a while since we last covered the cpuminer-opt software, but the good news is that its development hasn’t stopped and this should probably be your go to miner as far as CPU mineable crypto coins are concerned. Do note that cpuminer-opt is an open source mining software for processor mining that supports a lot of algorithms and that list is growing, though you will most likely be using just a couple of them nowadays. The miner has optimizations for older and newer AMD and Intel processors, so make sure you try the binary that is intended for your processor for best results or feel free to experiment.

The alternative that often comes handy as far as CPU mining is concerned is SRBMiner-MULTI that supports fewer CPU mining algorithms, but some of them could be more optimized compared to cpuminer-opt, and also has support for RandomX algorithms (mostly targeted at AMD Ryzen CPU miners). SRBMiner-MULTI however is also a closed source miner with a built-in developer fee, even if it is a verified and a trusted one, some people still prefer to use open source mining software only s far as crypto and not only is concerned.

Have in mind that cpuminer-opt is available as a pre-built and ready to be used binary only for Windows, it has its source code available for everyone, has no developer fees of any kind and is supported only with donations, so if you find it useful fee free to toss some coins to your friendly software developer JayDDee (joblo) on Bitcointalk to the following Bitcoin address: 12tdvfF7KmAsihBXQXynT6E6th2c2pByTT.

– To download and try the latest release of the cpuminer-opt mining software…

TeamRedMiner 0.7.1 With Support for the KAWPOW Algorithm

19 May
2020

Team Red Miner is a performance optimized cryptocurrency miner for AMD GPUs with support for a number of algorithms with the latest version 0.7.1 bringing support for the KAWPOW algorithm used by Ravencoin (RVN) as well as introduces support for Navi GPUs for KAWPOW and Ethash. TeamRedMiner is the 4th software (after WildRig Multi, nanominer and NBMiner) for mining Ravencoin (RVN) after its fork to the new KAWPOW algorithm on AMD GPUs. And it certainly makes a good appearance with its initial support getting it the top spot in terms of performance at least in our test o RX 580 GPUs where it outperformed the competition with at least 1 MH/s over the second fastest miner.

Expected hashrates for KAWPOW:
– RX 5700XT: 28+ MH/s
– Radeon VII: 40+ MH/s
– RX Vega56/64: 25+ MH/s
– RX 580: 14+ MH/s
– RX 570: 13+ MH/s

The miner is available for both Windows and Linux operating systems, a closed source software with 2.5% to 3% development fee built-in for all algos except Ethash and KAWPOW, for KAWPOW it is 2% and for Ethash on Polaris GPUs the dev fee is 0.75% and on all other GPUs is 1.0%.

– To download and try the latest TeamRedMiner 0.7.1 with KAWPOW support…

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