Posts Tagged ‘ETC

It did not take long and now the latest GMiner 2.04 GPU miner had added support for the new KAWPOW mining algorithm that RavenCoin (RVN) might/could/should/would be forking to sometime in April. The KAWPOW algorithm is a derivative of ProgPOW with parameters specific for RavenCoin, so another miner with ProgPoW support will not work unless specific RVN support is added like in the case of GMiner that already had ProgPoW support, but needed an update for KAWPOW support. Do note that support for KAWPOW is currently only available for Nvidia GPUs and that goes for ProgPoW as well. You can already test KAWPOW support on the RavenCoin test network to get ready your miner, there miner RVNt testnet tokens do not have any value though.

Besides the new algorithm being added, the latest version of GMiner addresses an issue we have noted regarding high CPU usage in Qitmeer (PMEER) support. There is a new “--trim” parameter being introduced to control additional trim round count for Cuckoo24 (Qitmeer) algorithm that should help reduce CPU load, so you can give it a try and see if it helps if you have any GPU mining rigs with lower-end CPUs that have high CPU load issue.

The GMiner miner software was originally only an Nvidia GPU miner, although some algorithms are already supported on AMD GPUs as well. Do note that GMiner is a closed source miner for Nvidia and AMD GPUs with binaries available for both Windows and Linux, there is a 2% developer fee built-in the software.

To download and try the latest release of the Gminer v2.04 Nvidia and AMD GPU miner…

The latest GMiner 2.03 GPU miner adds support for the Qitmeer (PMEER) mining, however do not be in a hurry to try mining using the Cuckoo24 algorithm that has been just added. Have in mind that the Qitmeer (PMEER) mining support comes with a 5% developer fee and is apparently CPU intensive, so you might have trouble using the latest GMiner with Qitmeer (PMEER) mining on mining rigs with most typical dual-core lower performance processors. Frankly we are a bit disappointed that the official release notes do not mention the higher developer fee for the new algorithm, nor that it is apparently heavier in terms of CPU requirements.

The GMiner miner software was originally only an Nvidia GPU miner, although some algorithms are already supported on AMD GPUs as well. Do note that GMiner is a closed source miner for Nvidia and AMD GPUs with binaries available for both Windows and Linux, there is a 2% developer fee built-in the software.

To download and try the latest release of the Gminer v2.03 Nvidia and AMD GPU miner…

The Ethereum Classic (ETC) crypto project has reduced the block reward for miners from 4 ETC to 3.2 ETC as per their monetary policy after just reaching block number 10 Million. This 20% reduction has been introduced with the acceptance of the proposals in ECIP 1017 for change in monetary policy with a 20% reduction in block reward for each Era (every 5 Million blocks). We have just reached 10 Million blocks for ETC and thus the second Era has been finished an we have started the third one, so the next 20% block reward reduction will be after another 5 Million blocks or in little more than 2 years from now if things continue according to plan (2.56 ETC at block 15M). So if you are mining ETC at the moment, then make sure you take into account the just introduced 20% drop in block rewards that is already in effect.

The total amount of coins for Ethereum Classic is 210,000,000 ETC out of which already more than half or 116,313,299 ETC are in circulation. The new 20% reduction in PoW rewards for ETC would definitely hurt miners, especially after the recent drop of prices due to the coronavirus panic that has overtaken not only the traditional financial markets, but the crypto ones as well. So with the already reduced block reward to 3.2 ETC the GPU mining of Ethereum Classic is even worse than it was yesterday with 4 ETC per block. We remind you that about a month ago Antminer E3 stopped mining ETC due to the DAG becoming too big for these Ethash ASIC miners. And although that lead to slight reduction in hashrate, still mining ETC with GPUs at the moment is below 0, unless you have free electricity of course.


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