LTCRabbit Pool with X11 Crypto Mining and Direct Payouts in Litecoin

13 May
2014

ltcrabbit-mining-pool

As a long time and happy users of the LTC Rabbit mining pool we are happy to see that they have added support for X11 mining. The idea behind X11 mining support is pretty much the same as the pool’s idea for Litecoin mining – you mine X11-based crypt currencies such as DarkCoin and they get automatically exchanged for LTC and you are being payed in Litecoins. So people with GPUs that are moving away from Scrypt mining could consider mining X11 and still get payed in LTC as Litecoin mining is slowly moving to the ASIC mining domain and will continue to do so in the next months making it not so profitable to mine with GPUs anymore.

You are able to mine X11 at the pool by using the sgminer for DarkCoin on AMD-based GPUs as well as by using ccminer with X11 support that wwas recently released for mining with Nvidia-based GPUs. Currently we are seeing similar performance mining on AMD and Nvidia graphics cards, however we are soon expecting to see an updated for ccminer that will bring significant improvement to the hashrate we are currently getting on Nvidia. The most notable advantage of mining X11 is that the GPUs should be cooler and use less energy as compared to mining Scrypt for example, or at least we are seeing that on AMD GPUs. So now you have another interesting alternative available to mine no Scrypt-based crypto and still get payed in Litecoins.

– For more about the LTC Rabbit Automatic Altcoin Mining Pool with Direct LTC Payout…

Download the latest cgminer 3.7.2 with Support for Gridseed GC3355 ASICs

13 May
2014

cgminer-gridseed-updated-release-g-blade

There were some requests from readers to provide a compiled binary for windows of the latest cgminer 3.7.2 with Gridseed support based on the jmordica fork, so we have compiled it. The most notable difference from the previous compiled version of cgminer we have posted with support for the G-Blades (also present here) is the addition of support for NiceHash service where you can now also use your Gridseed ASICs to sell your hashrate. The supported frequencies range from 700 to 1400 with finer grain selection available, for the complete list of supported frequencies you can check the Readme file. Below you can download the windows binary, you can change options by editing the config file.

– You can download the latest cgminer 3.7.2 with Gridseed ASICs support on Windows OS here…

VeriCoin (VRC) Scrypt-based alternative cryptocoin

13 May
2014

vericoin-logo

VeriCoin (VRC) is an innovative and intuitive currency, that features it’s own protocol. Launched in May of 2014, VeriCoin is a Proof-of-Stake-Time currency with a disinflation targeted interest rate which is dependent on the degree of staking. Stake-Time is a new proof that favors both number the number of coins held and how often they are staked. Together these features make VeriCoin top in security and incentive. Launched in May, VeriCoin is a proof-of-stake altcoin that features a variable interest rate which fluctuates depending on how many coins are staking. As more coins are used to stake and support the network, the interest rate climbs.

The Proof of Stake-Time (PoST) the VRC uses now is a novel approach to forming a consensus by introducing a stake-time component, where the probability to stake decreases over time. This better incentivizes staking and enhances the security of the network. It also enhances the decentralization of the consensus, well beyond current standards. The practical range of disinflation is between 1.5-2.5% and the practical range of interest is between 2-10%.

Website:
– http://www.vericoin.info/

Block Explorer:
– https://chainz.cryptoid.info/vrc/

Coin Specifications

  • Scrypt Algorithm PoW + PoS
  • 2500 Coins For Each Mined Block
  • Block Time: 1 minute
  • Difficulty Retarget Each Block
  • PoW Phase: Ended at Block 20160, Minted 26,751,452.35 VRC
  • Proof-of-Stake-Time: Disinflation Targeted Interest
  • Min Stake Time: 8 hours, No Max Stake Time or Amount
  • Minimum Transaction Fee: 0.0001 VRC (Paid to Stakers)
  • Confirmations: 10, Maturity: 500

Wallet:
– Online Staking Wallet
– Windows
– Lunux
– Mac OS
– Android

Source Code:
– at GitHub

Ports:
– RPC Port: 58683
– P2P Port: 58684

Mining Pools:
No mining pools, the coin is currently PoS only.

Coin Exchanges:
– Bittrex
– Livecoin
– CoinEgg

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