It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
It seems that another crypto project has moved to RandomX as a Proof of Work mining algorithm – YadaCoin. Yada is a blockchain social media protocol that uses YadaCoins for social interactions, and even though the project started in 2018 it seems to be slow in getting a lot of attention. We just recently discovered it thanks to the RandomX fork they had a few days ago and while we wanted to give it a try and mine some coins, unfortunately our efforts ended up in vain. We could not make the official Windows mining software to work (no pools yet, only solo mining), have not tried mining under Linux, though unfortunately there is not much information available to help… not even on the fork itself. It seems that unless you have been following the development from the start you might have trouble getting to understand how to make things work and that is never a good thing for a crypto project that wants to become mainstream, let alone one that wants to build a social media blockchain.
– If you like digging and trying things out, then you might give YadaCoin with RandomX mining a go…
ArQmA (ARQ) is another crypto project that has revealed plans to fork to a new RandomX-based algorithm called RandomARQ. This project has been started in 2018, but is still wit pretty low market capitalization and low trading volume according to data from CoinMarketCap, so there is much room for growth. The ArQmA (ARQ) fork to the new RandomARQ algorithm is currently planned for 8th of November at 23:50:00 at block 303666, though this might not be the final date. The latest XMRig v4.3.0-beta had just added support for the new RandomARQ algorithm with “rx/arq”, so you should be good to go by the time the fork happens should you decide to check out the project. Currently ArQmA (ARQ) uses the CryptoNight Turtle algorithm, so it is still mineable with GPUs. Since RandomARQ is based off RandomX it will be CPU friendly algorithm, so mining after the fork will be done mostly with CPUs due to the fact that the algorithm has been designed to be processor friendly and not GPU, ASIC or FPGA friendly. Some good crypto exchanges to trade ArQmA (ARQ) coins include Citex and Crex.
– If you are interested in reading more about the ArQmA (ARQ) crypto project…
Luxcore (LUX) project also known as LUXCoin previously has announced their plans for an upcoming fork that will replace the currently used PHI2 algorithm to a new one called RX2 (essentially a variation of the lately popular RandomX algo). RX2 is Luxcore’s version of RandomX that has some small modifications to the RandomX parameters in order to suit some specific requirements (details are not yet revealed). The exact date for the introduction of the new algorithm has not been revealed yet, so it is sill “in the coming weeks”. This marks yet another crypto project that is going towards the RandomX algorithm in order to fight with FPGA and ASIC miners.
Since the RX2 algorithm is based on the RandomX it will also be more CPU-friendly for mining (will require a separate miner support apparently) as it will not work with any of the miners that currently support RandomX. It seems that so far the RandomX algo favors AMD’s latest multi-core Ryzen 3 CPUs in terms of performance over Intel’s products that are much more widely spread and used mostly by miners in the last years. This could help AMD’s sales of new processors if mining for RandomX picks up and offers decent profitability which is still not the case for the moment. If more projects move towards RandomX or variations of the algorithm, like LUX is apparently doing, the interest and profitability might as well skyrocket and spark a new wave of CPU mining oriented rigs to be built.