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Posts Tagged ‘Ethereum’

Team Red Miner 0.6.0 With Support for the Ethash Algorithm

22, Nov 2019

Team Red Miner is a performance optimized cryptocurrency miner for AMD GPUs with support for lyra2rev3, lyra2z, phi2, CryptoNight v8 (CNv2) and CryptoNight R (CNv4), X16 variants, MTP, Cuckarood29 and Cuckatoo31 and now adding Ethash support as well in the latest 0.6 release. The miner is available for both Windows and Linux operating systems, a closed source software with 2.5% to 3% development fee built-in for all algos except Ethash, for Ethash on Polaris GPUs the dev fee is 0.75% and on all other GPUs is 1.0%.

A quick test of the Team Red Miner 0.6.0 for mining ETH (current DAG 299) on AMD Radeon RX 580 8GB GPUs has shown hashrate very similar to what other Ethash miners are capable of delivering on the same hardware, so performance wise things seem to be very good. Of course why to switch from one Ethash miner that you might be already familiar with such as Claymore’s Dual Miner to another that has just introduced support… that is up to you to decide, though you should give it a try.

– To download and try the latest Team Red Miner 0.6.0 with Ethash support…

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Ethereum’s Istanbul Hard Fork to Start on December 4th

8, Nov 2019

The first phase of Ethereum’s next major hard fork is planned to happen on less than a month around December 4th at block number 9056000. The hard fork called Istanbul is divided in two parts with the first one to be executed on December 4th and the second one planned for early 2020. The next hard fork called Serenity that will bring Ethereum 2.0 and switch the project from PoW to PoS may or may not happen before the end of 2020, so there is still time for that. Is is worth mentioning that on December 4th Ethereum (ETH) will not be switching its mining algorithm from Ethash to the much anticipated and still somewhat controversial ProgPoW as this is still planned to happen in the second Istanbul phase with the EIP-1057 scheduled for the first quarter of 2020.

If you are still mining Ethereum with ASIC miners or GPUs and the Ethash algorithm you will have more than just a month left, it could easily take up to another 6 months for ProgPoW to replace Ethash as the PoW algorithm, though it can also happen faster than that. Nevertheless this can signal the upcoming death of ETH ASIC miners as although there are a number of other projects using the Ethash algorithm, they will most likely not be able to handle the massive hashrate outflow from Ethereum if/when it forks to ProgPoW. On the other hand ProgPoW can also bring a change in the way GPUs are being used for mining as it is supposed to provide a more level playing field for the different GPUs in terms of mining performance. So definitely Ethereum’s upcoming hard forks will have a serious impact on the crypto mining sector.

Ethereum’s (ETH) Next Hardfork is Coming at the End of February

13, Feb 2019

The much anticipated Constantinople hardfork of Ethereum was initially planned for the middle of January, however a serious bug was discovered shortly before the time of the fork, so it was postponed. The new date for for Ethereum’s latest network hardfork system upgrade is around 27-28 February (end of the month) or more specifically at block number 7,280,000 (200,000 blocks later than the originally planed block). The hardfork will be in two parts, the first one will include all five EIPs (Ethereum Improvement Proposals) including the problematic EIP 1283, that was the reason to postpone the fork initially, and the second part will be used to remove the problematic EIP 1283. So after the Constantinople and Petersburg hardfork (the two parts we are talking about) the Ethereum network will have the following 4 EIPs active – 145, 1014, 1052 and 1234.

The improvements to the Ethereum network that the new hardfork will bring are numerous and they focus on improving salability, speed and efficiency of the blockchain. There is however a change that is also important to the economics of the Ethereum network and one that is especially important for miners. EIP 1234 is going to adjust the block reward, so after the fork miners will be getting just 2 ETH coins per block instead of the 3 ETH that they are getting at the moment. There isn’t much needed from you to do in order to be ready for the hardfork if you are using or mining Ether, just make sure you update any local wallet or client that you might be running. Also make sure to not make any transactions around the time of the hardfork in order to avoid any possible issues with delayed transactions and lost coins, though normally such problems are not very likely.


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