Posts Tagged ‘DERO CryptoNight’

DERO is Forking to AstroBWT CPU Mining Proof-of-Work Tomorrow (March 7th)

6, Mar 2020

The DERO project is another crypto that last year had announced their plans to switch the mining algorithm to a RandomX variant and they are finally doing it. Tomorrow, March 7th at block 4550555, marks the time that DERO will be switching to the new CPU mining POW called AstroBWT. So if you are into CPU mining you might want to give it a try after the fork and see what DERO will do with the new algorithm. The project itself has been available for quite some time and has been in constant development, relying on the CryptoNight algorithm prior the upcoming fork to their new AstroBWT algorithm

AstroBWT is a CPU mining only algorithm and apart from the official miner for the algorithm, there is also the latest XMRig 5.8.x major release that added support for the algorithm a few days ago and the minor releases since then have improved it by fixing issues and significantly increasing mining performance. So make sure you try XMRig on your CPU mining hardware it time for the fork in order to be ready when the hardfork happens, that is if you do plan to try mining DERO with the new AstroBWT algorithm. Trading of DERO coins can be done on the following crypto exchanges: Stex, Crex, TOKOK and Citex.

DERO, Another CryptoNight Project to Switch to RandomX

5, Oct 2019

The DERO project is one more crypto coin that plans to move from CryptoNight to the new RandomX algorithm most likely before the end of the year. The reason that is cided is to introduce more decentralization and participation to their platform with the move to the RandomX proof-of-work algorithm. Currently DERO can be mined using CryptoNight ASIC miners and this is something the developers of the project are trying to move away from and attract new users with the mining algorithm switch. The new RandomX algorithm should go live on the DERO testnet on October 31, 2019 and soon after that if everything works as expected we could see the main network forking to the RandomX PoW as well. Currently DERO is ranked around 500th place according to CoinMarketCap data with a market capitalization a bit below 4 million USD and has a daily trading volume of about 1/4 of the total capitalization. Some good crypto exchanges to trade DERO coins include Stex, Crex, Citex and TOKOK.

RandomX is a proof-of-work (PoW) algorithm that is optimized for general-purpose CPUs. RandomX uses random code execution (hence the name) together with several memory-hard techniques to minimize the efficiency advantage of specialized hardware. More information about the RandomX algorithm from the official GitHub repository including a benchmark to test performance on CPU mining. Do note that RandomX dos manage to perform better on processors with higher number of cores and threads available and apparently is doing best so far on the latest AMD Ryzen series of CPUs. GPU miners are also available, however performance wise they are similar to what hashrate a lower-end dual core processor can provide, so they are not the best choice for the new RandomX algorithm for the moment.


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