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Posts Tagged ‘BITC’
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…
- Published in: Crypto Coins
- Related tags: BITC, BITC mining, BITC trading, BITC X25X, BitCash, BitCash mining, BitCash trading, BitCash X25X, t-rex x25x, wildrig multi x25x, X25x, X25X AMD, X25X coin, X25X crypto, x25x miner, X25X mining, X25X Nvidia
A week ago there was a fork for the BitCash (BITC) project in order to switch to the new X16Rv2 PoW algorithm. Due to some issues however GPU mining ended up not working up properly, so only CPU solo mining was possible for a week and another fork was planned to fix the problem. Today the new fork has happened and the good news is that X16Rv2 GPU mining is now possible after the successful fork. Due to the fork the difficulty of mining BITC is currently lower and you might want to take advantage of this and play around with the T-Rex miner and the X16Rv2 algorithm if you have some Nvidia GPUs and wondering what to mine. As for a good pool where you can mine BitCash on, you might want to check out IceMining or alternatively the second option is to go for GOS.cx…
- Published in: Crypto Coins
- Related tags: BITC, BITC fork, BITC GPU mining, BITC mining, BITC X16Rv2, BitCash, BitCash CPU mining, BitCash fork, BitCash GPU mining, BitCash mining, BitCash X16Rv2, GOScx, GPU mining, icemining, T-Rex, X16Rv2, X16Rv2 crypto, X16Rv2 mining
We have not talked about the BitCash (BITC) project for quite some time, but it just got our attention once more with its recent fork. BitCash has moved to the new X16Rv2 algorithm, however you will not be able to GPU mine it for the moment as the existing miner software does not support the specific header that BITC uses. So until there is official support from a GPU miner specifically for the BITC variant of X16Rv2 the coin can only be solo CPU mined via the wallet. This might be interesting for some miners out there that have decent CPUs sitting idle as this might be a good opportunity for you to stack up some coins before GPU mining becomes available again.
Update: BitCash will have another hard fork in a few days on 6 October 10:00 UTC to correct the problem with the mining. This hard fork will bring back the possibility of GPU mining. There is a new wallet version 0.17.20 already. Everybody needs to upgrade to the new version. After the new fork we should be able to use the T-Rex GPU again for X16Rv2 mining with GPUs.
- Published in: Crypto Coins
- Related tags: BITC, BITC CPU mining, BITC fork, BITC mining, BITC X16Rv2, BitCash, BitCash CPU mining, BitCash fork, BitCash mining, CPU mining, X16Rv2