It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Lately it hasn’t been easy finding a profitable coins to mine after Ethereum (ETH) switched to PoS, but there are some new projects that are worth checking out as they are gaining user attention. Interestingly enough they are not using the Ethash mining algorithm that has been used by ETH, but instead rely on KawPoW – the same algorithm used by RavenCoin (RVN). One of these coins new coins that is doing quite well is called MeowCoin or MEWC that is lately hovering near the top spot in terms of most profitable coin to be mined with GPUs at the current market conditions according to WhattoMine for instance (most profitable compare to other cryptos, not that it may generate a lot of profit).
The according to the Whitepaper of MEWC the aim of the project is tokenizing pets on the blockchain with important information regarding the asset to be lodged and made available for all to see such as Address of owner, Medical history, Microchip number, Animal lineage, Animal pedigree papers etc. Furthermore MeowCoin can apparently also provide the framework which a global pet retail loyalty scheme could be based. Interestingly enough even part of the blockchain reward is held over by the administration of MeowCoin to provide financial donations to animal shelters.
If you are interested in mining MEWC you can try some of the larger mining pools in terms of hashrate supporting the coin already such as , Rplant Mining Pool or PapyMiner Mining Pool or the FastPool Mining Pool. MeowCoin can be traded on a few smaller crypto exchanges as well such as TradeOgre, Graviex, Exbitron, TxBit, although you should have in mind that the trading volume on most of them is not very high, there is already trading going on.
Mining on GPUs for KawPoW coins such as MEWC is possible with a number of mining software solutions such as Z-Enemy Miner, WildRig Multi, XMRig, TeamRedMiner, Bminer, Gminer, NBMiner, TT-Miner and others although our preferred choice currently is to use the latest T-Rex miner for Nvidia GPUs mining RavenCoin (RVN) and othwr KawPoW crypto coins such as MEWC. Besides MeowCoin (MEWC), you might also want to check out two more other new KawPoW crypto coins and these are KawKaw – a gaming oriented crypto and PROCYON COON COIN – another fun meme coin that you can mine.
Last year Ravencoin (RVN) has successfully hardforked and switched to KAWPOW as a mining algorithm from the previously used X16Rv2 algo. The latest Z-Enemy 2.6.3 Beta version that was recently made available is an important update for everyone that has Nvidia GeForce RTX 30 Series of GPUs and uses them for crypto mining. This is a TEST BUILD of the software that adds support for Nvidia RTX 30×0 video cards with CUDA 11.1 and drivers ver. 456.81 or later. It is intended for RTX 3060 Ti, RTX 3070, RTX 3080 and RTX 3090 GPUs, if you have an older Nvidia GPU you should use the latest stable release Z-Enemy 2.6.2 instead. This official and not beta version works on CUDA 9.x and CUDA 10.x and it is recommended to make sure you’ve updated your NVIDIA video drivers to at least version 398 or a newer one.
The KAWPOW algorithm used by Ravencoin is a derivative of ProgPOW with parameters specific for RVN, so performance wise you can expect similar hashrate to what ProgPOW delivers. ProgPOW or Programmatic Proof-of-Work was designed in a way that it utilizes graphics processors to their maximum in order to provide an equal level performance without favoring a specific GPU manufacturer or being able to actually provide much faster hashrate if implemented on ASICs. The ProgPOW algorithm was made as a kind of evolution of the Ethash algorithm used by Ethereum and at some point ProgPOW was even considered as a replacement algorithm for Ethash for Ethereum. The idea here is that a cheaper GPU with better video memory will not perform better like in some cases for Ethereum, but instead the performance you get will be based on the overall GPU performance level – both of the GPU and the VRAM.
KAWPOW was based off ProgPOW as a means to drive away any FPGA and/or ASIC mining hardware that was starting to become available on the Ravencoin’s network and the fork was successful in doing so, but it took a bit of time for things to start moving again for RVN. The last few days we are finally seeing that things are moving with Ravencoin price seriously on the move and thus the interest in mining Ravencoin is peaking once again. Mining RVN has also become quite profitable due to the increase in the price of the coin, so people are considering switching some of their GPU mining power to mine RVN as profitability gets closer to that of Ethereum mining.
The KAWPOW mining algorithm uses both GPU and memory, so overclocking both can help you maximize performance, though you should start without overclock and see what your mining hardware can handle. This can however increase the power usage and operating temperatures for achieving optimal performance when mining RVN on the same hardware as opposed to mining ETH with optimal performance! Do note that KAWPOW and PROGPOW use DAGs like Ethash and currently the DAG size of Ravencoin (RVN) is at almost 3GB, so GPUs with 4GB as a minimum for mining will be required. Just as a reference, a single Nvidia GeForce RTX 3090 with settings optimized for 120 MH/s Ethereum mining can do almost 50 MH/s hashrate for KOWPOW mining. Also be advised that the GDDR6X memory temperatures on RTX 3080 and RTX 3090 while mining RVN are much lower compared to when mining ETH, so this may be an advantage especially for people that have trouble with the memory chips running too hot while mining Ethereum.
– To Download the Z-ENEMY 2.6.3 Beta RTX 30 Series GPU Miner…
– To Download the Latest Stable Z-ENEMY 2.6.2 Nvidia GPU Miner…
Ravencoin (RVN) has officially hardforked and has switched the PoW mining algorithm from X16Rv2 to KAWPOW. If you are running a local Ravencoin wallet you need to make sure that you have the latest Ravencoin v4.1.0 release installed. Most mining pools and services supporting RVN have already updated and support the fork, though as usual you should be careful moving coins for a while after the fork just to be on the safe side.
The Mining Rig Rentals service for leasing and renting mining rigs has recently added support for KAWPOW rigs, and so just did the NiceHash hashrate selling/buying service right in time for the fork. It will be interesting to see what will happen and if NiceHash could end up being more profitable than directly mining for Ravencoin with the user attention that the fork is generating already. And although the fork should drive away ASIC miners from the Ravencoin network the NiceHaash support could bring a lot of mining hashrate from GPU users that are not interested in RVN itself, but are in it just for the sake of better profit. AMD GPU miners can mine RVN with the new KAWPOW algorithm only using NBMiner for now at least. Nvidia GPU miners have much more choice for mining software such as kawpowminer, TT-Miner, GMiner, T-Rex, Z-enemy and Bminer. The latest kawpowminer and TT-Miner do not have dev fees, others do have 1% or 2% fee, so while performance is very similar with all of them the difference in terms of development fee can influence the decision you make.