Posts Tagged ‘ETC’

Ethereum Classic (ETC) Has Reduced The Block Reward from 4 to 3.2 ETC

17, Mar 2020

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.

New GMiner 2.00 With Support for ProgPoW (SERO) Algorithm

9, Mar 2020

The latest GMiner 2.00 miner adds support for the ProgPoW algorithm used by the Super Zero (SERO) project. SERO’s use of the ProgPow mining algorithm is not new,but apparently it has lately caught more attention of users and hence more happening around the project lately. There is a catch however, the ProgPow support of Gminer requires you to have the latest Nvidia CUDA Toolkit installed or you will be getting the “Failed to initialize NVRTC library” error message wen trying to run the miner software for mining SERO. This is a few gigabytes of installation package, though in theory you can get the smaller network installer and select to install only the Runtime Libraries and not the full package that includes unnecessary data as far as mining is concerned and no actual CUDA software development is required… nevertheless it is bothersome requirement for a mining software. Older algorithms supported by the miner should work fine without the CUDA Toolkit, so it is a requirement only if you want to mine SERO with the latest GMiner.

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 v2.00 Nvidia and AMD GPU miner…

New GMiner 1.80 With Support for Cortex and Additional Ethash Coins

26, Nov 2019

The latest GMiner 1.80 miner adds support for the Cortex algorithm used by the Cortex (CTXC) AI on Blockchain crypto project as well as support more Ethash coins along the recently introduced support for Ethereum: Pirl (PIRL), Callisto (CLO), Metaverse (ETP) and Expanse (EXP). Do note that the DevFee on the Cortex algorithm is currently set at 5%, which is higher compared to the regular 2% for the other supported algorithms, though this is to be expected since the official Cortex liner is only for Linux and GMiner seems to be the first with Windows support. When mining Cortex if you get a weird “Write timed out” error you might need to lower the intensity from the default 100 value, use the -i option with a value for each GPU separated by space (single value will be just for the first video card). It also seems that the power usage for the GPU when mining Cortex is lower than the max TDP value at the moment (further optimizations possible?), so the mining video cards are using less power and run cooler.

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 v1.80 Nvidia and AMD GPU miner…


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