Posts Tagged ‘Cryptonight-GPU’

Mining Equilibria (XEQ) Using the Cryptonight-GPU Algorithm

9, Dec 2019

Equilibria (XEQ) is an interesting mineable crypto project, a relatively new one, that gives the ability to the owners of XEQ to issue $USDE – a stablecoin redeemable for $1 equivalent of Equilibria… the so called private and decentralized dollar. It is an interesting alternative to the traditional stablecoins we know and use in the world of crypto, so worth checking out. Another interesting thing is that the Equilibria (XEQ) project has forked and is currently using the Cryptonight-GPU algorithm that we know from RYO and we like thanks to the fair GPU mining to all participants in the mining process it offers regardless if they use AMD or Nvidia GPUs, unlike what most other CryptoNight variants.

The difficulty and hasrate for the Equilibria is not that big at the moment, so it might be a good oppotrtunity to jump in and mine some XEQ coins. As already mentioned the project uses 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 a few mining pools available with HeroMiners being the largest in terms of hashrate at the moment. XEQ is also traded on a couple of exchanges already such as TradeOgre, Qtrade and Citex.

– For additional information about the Equilibria (XEQ) crypto project…

Mining Ryo Currency (RYO) With the CryptoNight-GPU Algorithm

9, Oct 2019

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. The crypto exchanges that support RYO currently are Trade Ogre and Crex.

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…


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