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Posts Tagged ‘Lyra2RE mining’

Lyrabar (LYB) Lyra2RE based cryptocoin

16, Feb 2015

lyrabar-logo

Lyrabar (LYB) is a new alternative crypto currency using the Lyra2RE as a proof-of-work algorithm. It is an altcoin for hobbyists by hobbyists designed to be fair, successful, community-driven cryptocurrency. It does not come with big promises that will never be met, does not come with premine and is not traded on large exchanges from day 1, so the idea is to build an user community and slowly expand along the way. The coin can be mined using CPUs, or AMD and Nvidia GPUs and a VTC merged mining support should come at some point in the future. If you haven’t being interested in the altcoin launches lately like many of the “older” GPU miners that got tired of scam coins, then you might want to check out the Lyrabar (LYB), though there is nothing guaranteed here either.

Website
– http://lyrabar.com/

Block Explorer / Crawler
– http://bitexp.net/explorer.php?coin=Lyrabar

SPECIFICATIONS

  • Lyra2RE Algorithm
  • PoW-only coin
  • 2.5 minute block time
  • 5 Coins per block
  • 1971000 total LYB coins
  • Block reward will half at blocks 210240, 420480, 630720 (one year between each)
  • Last PoW block is 840960
  • Difficulty retargeting with Kimoto’s Gravity Well
  • Stealth addresses (experimental, use at own risk)

DOWNLOADS
– Windows
– Linux

Source Code
– at GitHub

PORTS

  • RPC Port: 4047
  • P2P Port: 4046

POOLS
– http://lyrabarpool.duckdns.org/
– https://lyrabar.suprnova.cc/
– https://lyrabar.coin-miners.info/

EXCHANGES
– C-Cex

NiceHash and WestHash Now With Support for Lyra2RE

14, Dec 2014

nicehash-algorithm-profitability-chart

A good sign that there is a lot of user interest in the new Lyra2RE that VertCoin (VTC) has recently forked to is that services for renting and leasing hashrate are starting to add support for it. Today NiceHash has added support for the Lyra2RE algorithm and while it may not be the most profitable algorithm according the stats on profitability it is still very profitable (SHA256 is the most profitable at the moment for some reason, making it interesting to sell hashrate than to mine Bitcoins directly). So if you are mining VTC directly and then selling it for BTC, then you might want to make it easier by directly pointing your hashrate to NiceHash or WestHash. Interestingly enough now that VertCoin is no longer Scrypt-N the interest for hashrate at services that offer you to rent an lease has gone low as people are apparently moving to Lyra2RE. It will be interesting to see if the interest in Lyra2RE and VTC will continue to increase or it will just be a temporary thing. If the difficulty continues to rise and the exchange rate of VertCoin does not start rising the profitability of VTC will suffer and people will start moving to more profitable coins to mine. As a result of people mining and selling VTC for BTC we already saw a drop in the VertCoin exchange rate today when some people apparently dumped the coins mined immediately after the switch of the algorithms while the difficulty was low.

VertCoin (VTC) Pools With The New Lyra2RE Algorithm

13, Dec 2014

vertcoin-vtc-lyra2re

It was anticipated that VertCoin (VTC) will hardfork to the new Lyra2RE algorithm at around 16th this month at block 208301, however we have reached the fork a bit earlier. So if you are mining VertCoin you should switch to the new Lyra2RE GPU miners and to pools that have already switched to the new algorithm. Some people have anticipated that after the fork the price of VTC will increase, but this did not happen as currently VertCoin is quite profitable to mine and sell directly and apparently a lot of people are doing exactly this resulting in exchange rate dropping. This is just the first day after the fork, so we should wait and see how the Lyra2RE fork will affect VTC – will it help the coin or on the contrary.

VTC mining polls with Lyra2RE support:
– Verters Pool
– SimpleMulti
– Coinotron
– CoinMine VTC
– Hashlink VTC
– CrunchPool VTC
– P2PPool VTC


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