Posts Tagged ‘CryptoDredge

This is an interesting project that is still largely flying under the radar, even though it was started back in 2018. With a sub $300 USD market cap and surprisingly low trading volume due to limited exchanges trading the coin it is not surprise it is not getting the needed attention it deserves. Ryo Currency (RYO) is another interesting attempt at a privacy oriented crypto currency with the project led by fireice_uk and psychocrypt, who are the developers of the xmr-stak mining software and the Cryptonight-Heavy algorithm, although the project currently relies on the first in industry floating point (FP32 math ops) mining algo Cryptonight-GPU. The main idea of the Cryptonight-GPU (CN-GPU) algorithm is to ensure fair GPU mining to all participants in the mining process, regardless if they use AMD or Nvidia GPUs.

Originally most CryptoNight-based algorithms are favoring AMD GPUs and manage to perform better on lower-end AMD GPUs than on higher-end Nvidia GPUs thus not crating the equality needed for fair mining. The Cryptonight-GPU algorithm however manages to offer pretty good equality for both AMD and Nvidia lineups of GPUs, scaling performance from low-end to high-end GPUs regardless if they are AMD or Nvidia ones. This means that if you have a AMD Radeon RX 580 it will not be twice as fast as an Nvidia GTX 1080 Ti as in some CN-based algorithms, instead the Nvidia GPU will be more than twice faster as it is a higher-end product than the specific AMD card. This means that you might actually be interested in mining RYO not only with AMD GPUs, but with Nvidia as well and the higher-end the GPU is, the better performance you will be getting.

It is interesting to note that RYO’s block reward changes every 6-months according to a specific scheme and it is still growing, expecting to reach its peak near the end of this year (mid-November) and then it will start dropping down steadily. The current block reward for RYO is 56.28 coins per block and it will max out at 65.07 RYO for two 6-month cycles before starting to go down again every 6 months. RYO and Cryptonight-GPU can be mined with XMR-Stak, XMRig and SRBMiner – the most popular AMD CryptoNight miners as well as with CryptoDredge for Nvidia GPUs for best performance. There are number of mining pools available with MinerRocks being the largest one at the moment in terms of hashrate.

If you are interested in more details about the Ryo Currency (RYO) crypto project…

The RavenCoin (RVN) fork has been successfully executed and mining with GPUs is back once more with mining profitability of RVN the highest at the moment among GPU-mineable altcoins thanks to no significant change in the price. The hashrate is now about 5 times lower than before the fork, so most likely the presence of FPGAs and even maybe ASIC miners for the X16R algorithm is really significant. Anyway, apart from z-enemy and T-Rex miners for Nvidia there is a third option available now with X16Rv2 support. The new entry is the just released CryptoDredge v0.22.0 that now supports the X16Rv2 algorithm, like with other closed source Nvidia GPU miners, CryptoDredge also comes with a 1% dev fee for the X16RV2 algorithm. Our quick tests have shown that on GTX 1080 Ti the performance of CryptoDredge miner with X16Rv2 is not as high as on the current hashrate leader T-Rex… it is more like similar to that of z-enemy.

To download and try the latest CryptoDredge v0.22.0 Nvidia GPU Miner…

The Conceal (CCX) project is another attempt at a privacy oriented crypto coin that offers some interesting features one of which is the so called Decentralized Banking with coins getting locked to earn interest. Conceal is based on the Cryptonote protocol and uses the so called CryptoNightConceal algorithm, a variation that is based on CryptoNight and thus is considered to be an “AMD Coin” due to the fact that AMD GPUs usually do perform better in CN algos. With low mining profits and with more people looking into mining other interesting projects however even Nvidia GPU miners are looking into potentially interesting CN-based coins.

With the latest CryptoDredge v0.21.0 Nvidia GPU miner support for the CryptoNightConceal algorithm has been added and the performance does not seem that bad. The performance you can expect from a GTX 1080 Ti is around the same an RX 580 8GB can do (around 1700 h/s) per GPU. With the help of the OhGodAnETHlargementPill you can get an extra ~200 h/s per GPU and the best of all is that the power usage is pretty low compared to most Nvidia GPU algorithms (around 850W per 6x GTX 1080 Ti GPU mining rig at the wall). So you might want to give this a go, though currently the profitability even in this case is not that attractive, but hey… you are risking with something with potential here, that is the whole idea, right?


top