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.
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.
With just 1 day left until the hard fork of Ravencoin (RVN) to the new KAWPOW algorithm everyone that is planning to mine the cryptocurrency once more should be well prepared. There are already a number of miners supporting the new algorithm available, as well as some test pools where you can test and setup your GPU mining rigs for optimal performance. The Mining Rig Rentals service for leasing and renting mining rigs has just added support for KAWPOW rigs, but NiceHash has not yet added support for the new algorithm, so no massive hash going on and off on the RVN network after the fork. The KAWPOW algorithm is a variation of ProgPow and the available miners are offering very close performance, so the deciding factor in choosing should be what you are more familiar with and what works better for you (has less fee, or no dev fee at all, is open source or not etc.). Users with Nvidia GTX 1080 Ti might benefit the most from the new algorithm to be used by RVN, AMD owners with one of the most popular Radeon RX 480/580 GPUs might not be too happy whit the hashrate they will be getting (about half of the GTX 1080 Ti). KAWPOW is more GPU intensive and not affected by the video memory that much, so the more powerful the GPU, the higher the hashrate.
AMD Radeon users are significantly limited in their choice of mining software for the KAWPOW algorithm at the moment as there is essentially just one option available – the closed source NBMiner with 2% dev fee for KAWPOW that also supports Nvidia GPUs. The only opensource miner with no dev fee is the official kawpowminer that only works with Nvidia GPUs for the moment, though AMD support will hopefully be also added. The other KAWPOW miners are all closed source and work only on Nvidia GPUs for the moment, these are GMiner with 2% dev fee, T-Rex with 1% dev fee and TT-Miner with 1% dev fee. Our preferred choice out of these miners at the moment is T-Rex for Nvidia GPUs, though we are still waiting to also see an updated release of the z-enemy miner, so our preference may change in the future. We are also hopefully soon going to start seeing some additional optimizations to help differentiate performance from different miners at least a bit more…