Mining BitCash (BITC) Using the X25X Crypto Algorithm

2 May
2020

The X25X proof-of-work crypto algorithm has been developed by the SUQA poject, later renamed to Sinovate (SIN) for GPU mining with the idea to be ASIC, FPGA, and Quantum resistant. October last year however Sinovate (SIN) has significantly dropped the mining rewards essentially making X25X mining SIN coins not very interesting anymore for most of the miners. Earlier this year however, on March 1st, the BitCash (BITC) crypto project started in 2018 has made its first hardfork and they have switched the PoW mining logarithm they used from X16Rv2 to X25X. This essentially revived the X25X algorithm, even though BITC is apparently not getting the attention it deserves as it is a really interesting project with a lot of features and is really easy to be used with a lot of the functionality built right into the wallet.

We have decided to give BitCash a go and see how mining works and how X25X support has changes since the last time we mined SIN using the algorithm. Unfortunately there hasn’t been much development and a wider support for the algorithm as it hasn’t been that popular and widely used so far. The main miner is T-Rex miner for Nvidia GPUs that also hasn’t seem much updates in the last half a year or so. The solution for X25X mining support for AMD users is still only one – WildRig Multi, though AMD GPUs do not perform as good as Nvidia for this particular algorithm. Here is an example, a single GTX 1080 Ti does around 6.5 MH/s while for the same hashrate you would roughly need 8x RX 580 AMD GPUs, so BitCash and X25X is definitely more interesting for Nvidia miners.

Almost all of the mining hashrate is split in about half between BSOD and Zergpool with a couple other much smaller pools supporting BITC mining as well, so the two top pools should be the preferred choice. Zergpool has support for solo and party mining that can be interesting alternatives to the standard pool mining for some users, considering that the BitCash network hashrate is currently not that big. BitCash is being traded on multiple smaller crypto exchanges such as STEX, CITEX, Crex24, TOKOK and Graviex. According to CoinMarketCap at the moment BitCash (BITC) has around 300k USD market cap with more than half of that as volume.

– For more information you can check out the BitCash (BITC) crypto project here…

The Monero Means Money Movie is Now Available for Free

2 May
2020

Monero Means Money: Cryptocurrency 101, Live from Leipzig is a Documentary Feature Film that explains the origins and purpose of Monero, a fungible cryptocurrency. The movie has concluded its theatrical run, so now it premieres for free on YouTube for everyone interested in checking it out. Monero Means Money is the #1 Cryptocurrency Documentary according to IMDB.

In Monero Means Money Dr. Daniel Kim gives a deep-dive summary of the technical, economic, and social aspects of fiat, Bitcoin, and Monero from 2008 to the present day. In keeping with 36C3 CDC’s theme of “Respect My Privacy,” this talk emphasizes features of cryptocurrencies and asset protection structures that are important to those early adopters who value their privacy.

Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.

– For more information about the documentary movie Monero Means Money: Cryptocurrency 101…

WildRig Multi 0.20.6 Beta AMD GPU Miner With Sha256csm Support

1 May
2020

The latest WildRig Multi 0.20.6 Beta AMD GPU miner has added support for the Sha256csm algorithm used by the BitcoinFlex (BCX) and Consortium (CSM) crypto projects. The few prior versions were focused around adding X17r algorithm support if you have not updated the miner for a while you can check the Unknown Fair Object (UFO) that uses that particular algorithm which seems to be an Asian crypto project.

The latest WildRig Multi is currently available for Windows, Ubuntu Linux and HiveOS as a closed source binary and with a 2% developer fee built-in by default, though it can be reduced. The wildkeccak algorithm is with fixed 2% dev fee with no possibility to change by the user.

– To download and try the latest WildRig Multi 0.20.6 Beta AMD GPU multi-algorithm miner…

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