Posts Tagged ‘Dero

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.

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.

CryptUnit is an interesting new service offering up to date data for Cryptonote-based altcoins that you can mine, giving you profitability information along with more details about each of the supported coins. You just need to enter your Cryptonight hashrate and the service will calculate what is the most profitable coin to mine at the moment and give you some extra useful information such as pools and exchanges if you are not familiar with the coin. Of course profitability varies all the time, so things change and the most profitable coins vary all the time. Currently the service covers 16 different Cryptonote coins that can be mined with CPU or GPU (both AMD and Nvidia). The people most interested in this service are probably going to be the ones with AMD-based video cards especially RX VEGA 56/64 due to their very high mining performance especially in the Cryptonight algorithm.

To check out the CryptUnit web service offering Cryptonote mining profitability information…


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